Solar Circle
- Assets
- $104.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- East Lansing, MI
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 38-3231778
Organization Overview
Solar Circle is located in East Lansing, MI. The organization was established in 1996. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solar Circle 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 12/2022, Solar Circle generated $97.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $95.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3
DISTRIBUTED 1530 LAMPS IN EXCHANGE FOR COMMUNITIES BUILDING 102 HOUSES FOR PEOPLE IN NEED IN MASASI AREA, SOUTHERN TANZANIA. FUNDS USED TO FINANCE BUILDING OF A STRUCTURE TO HOUSE TEACHERS AT THE SCHOOL ($45,000) AND $5,080 WAS DESIGNATED FOR THE PURCHASE OF SCHOOL BUSES FOR BUYUNI SCHOOL PROJECT IN TANZANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Finnegan Director | 2 | $0 | |
Nancy Evans Vice President | 4 | $0 | |
Judy Martin President | 20 | $0 | |
Chris Root Director | 2 | $0 | |
Erin Black Treasurer | 10 | $0 | |
Vic Weipert Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,357 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $97,660 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $191 |
| Total expenses | $95,271 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $104,230 |
| Other assets | $0 |
| Total assets | $104,230 |
| Total liabilities | $0 |
| Net assets or fund balances | $104,230 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Solar Circle has recieved totaling $9,645.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $7,600 |
Charles Stewart Mott Foundation Flint, MI PURPOSE: FOR THE GENERAL PURPOSES OR OTHER CHARITABLE PURPOSES OF THE ORGANIZATION. | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $45 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Affordable Housing Partners Inc Carmel, IN | $150,650,716 | $9,214,618 |
Famicos Foundation Inc Cleveland, OH | $56,363,268 | $13,331,115 |
Mht Housing Inc Bingham Farms, MI | $103,750,395 | $19,352,676 |
Excel Development Co Inc Cincinnati, OH | $14,214,242 | $8,847,104 |
Miami Valley Housing Opportunities Inc Dayton, OH | $17,399,456 | $7,922,561 |
Habitat For Humanity International Inc Madison, WI | $16,210,690 | $8,401,610 |
Crf Affordable Housing Inc Plainfield, IN | $71,328,382 | $70,095,090 |
National Affordable Housing Trust Inc Columbus, OH | $12,512,765 | $8,943,724 |
Saints Incorporated Wayne, MI | $4,505,745 | $8,843,014 |
Columbus Housing Partnership Inc Columbus, OH | $57,775,833 | $13,476,247 |
Homes Of Opportunity Incorporated Grand Rapids, MI | $1,211,913 | $7,041,682 |
Habitat For Humanity International Inc Menasha, WI | $15,348,102 | $7,467,447 |