The Circe Institute Inc
- Assets
- $692.8k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Concord, NC
- Founding
- 06/2004
- Data as of
- 08/2022
- EIN
- 82-0547660
Organization Overview
The Circe Institute Inc is located in Concord, NC. The organization was established in 2004. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 08/2022, Circe Institute Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circe Institute 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 08/2022, Circe Institute Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $2.0m during the year ending 08/2022. While expenses have increased by 12.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CLASSICAL EDUCATIONAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSICAL EDUCATION CLASSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Kern Director | Trustee | 40 | $97,314 |
Matthew Biano COO | Officer | 40 | $88,625 |
Peter Vandebrake Board Member | Trustee | 2 | $0 |
Doug Reynolds Board Member | Trustee | 2 | $0 |
Tyson Rallens Board Member | Trustee | 2 | $0 |
Greg Roe Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $104,678 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,678 |
| Total Program Service Revenue | $1,806,429 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,911,107 |
| 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. | $631,314 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $200,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51,741 |
| Office expenses | $71,552 |
| Information technology | $34,482 |
| Royalties | $0 |
| Occupancy | $33,981 |
| Travel | $11,634 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,352 |
| Interest | $26 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,973 |
| All other expenses | $914,296 |
| Total functional expenses | $1,986,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $599,882 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,777 |
| 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 | $0 |
| Net Land, buildings, and equipment | $114 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $692,773 |
| Accounts payable and accrued expenses | $132,858 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $132,858 |
| Net assets without donor restrictions | $559,915 |
| Net assets with donor restrictions | $0 |
| 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 | $692,773 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Circe Institute Inc has recieved totaling $16,500.
| Awarding Organization | Amount |
|---|---|
Calkins Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of School Administrators Inc Alexandria, VA | $25,509,249 | $12,791,063 |
Virginia Commonwealth University School Of Business Foundation Richmond, VA | $84,853,521 | $9,838,833 |
Oak Service Corporation Memphis, TN | $2,447,800 | $4,272,484 |
Challenge Foundation Properties Inc Forest City, NC | $29,091,994 | $2,761,233 |
Union Square Campus Inc Greensboro, NC | $23,257,665 | $2,077,475 |
Georgia Leadership Institute For School Improvement Inc Duluth, GA | $3,684,980 | $2,207,807 |
The Circe Institute Inc Concord, NC | $692,773 | $1,911,107 |
Communities In Schools Of Virginia Richmond, VA | $3,555,532 | $2,971,566 |
Career And Technical Education Consortium Of States Inc Decatur, GA | $4,025,565 | $2,047,533 |
Tennessee Independent Colleges And Universities Nashville, TN | $3,991,312 | $1,720,548 |
Commission On English Language Program Accreditation Alexandria, VA | $2,917,001 | $1,329,982 |
North American Transportation Management Inc Alexandria, VA | $634,444 | $1,071,296 |