Circle Of Generosity Foundation
- Assets
- $133.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2010
- Data as of
- 12/2023
- EIN
- 27-1413607
Organization Overview
Circle Of Generosity Foundation is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circle Of Generosity Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Circle Of Generosity Foundation generated $79.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $95.4k during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
GENERAL PROGRAM: CIRCLE OF GENEROSITY FOUNDATION TO THE RECIPIENT. CIRCLE OF GENEROSITY FOUNDATION'S GOAL IS TO GIVE A ONE TIME FINANCIAL GIFT TO AN INDIVIDUAL OR FAMILY FOR BASIC LIVING, EDUCATION OR MEDICAL NEEDS DURING A PERIOD OF STRUGGLE. CIRCLE OF GENEROSITY IS A NON-DENOMINATIONAL ORGANIZATION THAT SERVES ALL PEOPLE. THE ONLY THING CIRCLE OF GENEROSITY ASKS ITS GIFT RECIPIENTS IN RETURN IS THAT THE RECIPIENT PERFORMS THEIR OWN RANDOM ACT OF KINDNESS IN THE FUTURE, TO COMPLETE THE CIRCLE OF GIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Clinton President & Founder | 5 | $0 | |
Jack Kliger Treasurer | 2 | $0 | |
Valerie Fitch Board Member | 1 | $0 | |
Deborah Soss Board Member | 1 | $0 | |
Tom Devincentis Board Member | 1 | $0 | |
Keith Lascalea Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,354 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$8,456 |
| Other Revenue | $0 |
| Total Revenue | $79,898 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,338 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $430 |
| Other expenses | $3,855 |
| Total expenses | $95,352 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $132,168 |
| Other assets | $0 |
| Total assets | $133,181 |
| Total liabilities | $0 |
| Net assets or fund balances | $133,181 |