Circesteem Inc
- Assets
- $8.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 94
- Location
- Chicago, IL
- Founding
- 05/2003
- Data as of
- 12/2023
- EIN
- 32-0050649
Organization Overview
Circesteem Inc is located in Chicago, IL. The organization was established in 2003. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Circesteem Inc employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circesteem Inc 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, Circesteem Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 19.7% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO UNITE YOUTH ACROSS ALL BACKGROUNDS AND IDENTITIES BY FOSTERING SELF-ESTEEM AND MUTUAL RESPECT THROUGH THE PRACTICE AND PERFORMANCE OF CIRCUS ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SOCIAL CIRCUS WORKSHOPS FOR YOUTH FROM VARIOUS NEIGHBORHOODS IN CHICAGO IN ORDER TO BUILD SELF ESTEEM AND BUILD A DIVERSE AND UNITED COMMUNITY. THE ORGANIZATION ALSO PROVIDES ACADEMIC ENRICHMENT, MENTORING, AND COMMUNITY DEVELOPMENT PROGRAMMING FOR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alvin Boutte Jr President | OfficerTrustee | 1 | $0 |
Dr Judith Allen Vice President | OfficerTrustee | 1 | $0 |
Chris Rooney Vice President | OfficerTrustee | 1 | $0 |
Abraham Nalin Bhutt Secretary | OfficerTrustee | 1 | $0 |
Chris Gagel Treasurer | OfficerTrustee | 1 | $0 |
Scott Saef Executive Commmittee Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $33,768 |
| Related organizations | $0 |
| Government grants | $1,362,164 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,703 |
| Noncash contributions included in lines 1a–1f | $5,138 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,526,635 |
| Total Program Service Revenue | $398,116 |
| Investment income | $31,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $101,194 |
| Net Income from Fundraising Events | $14,854 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,074,118 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $128,187 |
| Compensation of current officers, directors, key employees. | $14,101 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,333,417 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $114,311 |
| Payroll taxes | $119,266 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,696 |
| Fees for services: Accounting | $41,204 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $77,499 |
| Advertising and promotion | $5,833 |
| Office expenses | $61,649 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $167,653 |
| Travel | $44,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,003 |
| Insurance | $53,099 |
| All other expenses | $2,787 |
| Total functional expenses | $2,333,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,134 |
| Savings and temporary cash investments | $15,213 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $626,370 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $57,424 |
| Net Land, buildings, and equipment | $5,184,193 |
| Investments—publicly traded securities | $2,075,877 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,500 |
| Total assets | $7,987,711 |
| Accounts payable and accrued expenses | $1,292,410 |
| Grants payable | $0 |
| Deferred revenue | $11,625 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,098,030 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,402,065 |
| Net assets without donor restrictions | $3,600,582 |
| Net assets with donor restrictions | $1,985,064 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,987,711 |