The Circles Foundation
- Assets
- $1.1m
- Revenue
- $10.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 83-1562448
Organization Overview
The Circles Foundation is located in Wilmington, DE. The organization was established in 2019. According to its NTEE Classification (T01) the organization is classified as: Alliances & Advocacy, 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. Circles 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, Circles Foundation generated $10.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (44.3%) each year. All expenses for the organization totaled $33.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Circles Foundation has awarded 28 individual grants totaling $232,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natacha Munilla Bastian Dir, Pres | 1 | $0 | |
Fernando Munilla Dir, Sec, Treas, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,989 |
| Dividends & Interest | $26,023 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$20,305 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,707 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $98 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,551 |
| Total operating and administrative expenses | $18,148 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $33,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $123,794 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,148,049 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Circles Foundation has awarded $15,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER MIAMI ADVENTIST ACADEMY PURPOSE: PFE/DEVELOPMENT FUND | $1,000 |
JACKSON HEALTH FOUNDATION INC PURPOSE: GUARDIAN ANGELS FUND | $4,000 |
UNITED WAY MIAMI INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Janet W Mccune Pittsburgh, PA | $8,123,348 | $541,666 |
The Tinybell Charitable Fund Wilmington, DE | $13,305,670 | $4,354,955 |
Hackett Philanthropies Foundation Shavertown, PA | $2,715,979 | $44,721 |
Brian And Mary Murphy Family Foundation Inc New Providence, NJ | $897,090 | -$26,951 |
D J And J N Knull Fund Bancohio Pittsburgh, PA | $829,703 | $22,490 |
C Carroll Tw For Charities Pittsburgh, PA | $580,082 | $14,515 |
Hattie E Anderson Smith Trust Fbo Charities 1033 Pittsburgh, PA | $631,394 | $17,305 |
Cambrooke Foundation For Arts And Science Wilmington, DE | $688,587 | $5,025 |
The Circles Foundation Wilmington, DE | $1,148,049 | $10,707 |
Drm Foundation Inc Warren, NJ | $155,672 | $0 |
Ulric Sloane Tr 4632 Pittsburgh, PA | $350,790 | $6,091 |
Ira H Haslet Nect Pittsburgh, PA | $234,825 | $5,276 |
Bella Levy Foundation Ellicott City, MD | $284 | $0 |
Frank J Dion Charitable Trust Uw Pittsburgh, PA | $142,838 | $4,704 |
Swap Inc Catonsville, MD | $654 | $0 |
Dos Rosas Inc Newark, DE | $0 | $0 |