Circulate Initiative Inc

Organization Overview

Circulate Initiative Inc is located in Iselin, NJ. According to its NTEE Classification (C01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circulate Initiative 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 12/2021, Circulate Initiative Inc generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S PURPOSE IS TO TARGET THE REDUCTION OF OCEAN PLASTICS AND RELATED ENVIRONMENTAL POLLUTION AND COMBATING ENVIRONMENTAL DETERIORATION BY CONDUCTING ACTIVITY IN SOUTH AND SOUTH EAST EASIA THROUGH THREE OF ITS CORE STRATEGIES: INCUBATION AND TECHNICAL ASSISTANCE; IMPACT MEASUREMENT AND KNOWLEDGE MANAGEMENT; AND AMPLIFICATION AND AWARENESS BUILDING IN FURTHERANCE OF THE SOCIAL AND ENVIRONMENTAL IMPACTS OF REDUCING THE AMOUNT OF PLASTIC ENTERING THE ENVIRONMENT AND CREATING ECONOMIC VALUE FOR MARGINALIZED LOCAL COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ENCOURAGE MORE AND BETTER BUSINESSES AND ENTREPRENEURS TO BE INVOLVED IN THE CIRCULAR ECONOMY IN EMERGING COUNTRIES, SUPPORT THEM AS THEY DEVELOP THEIR BUSINESSES AND CREATE THE ENABLING CONDITIONS THEY NEED TO SUCCEED.


TO PROVIDE ENTREPRENEURS, POLICYMAKERS, AND INVESTORS WITH THE KNOWLEDGE AND SKILLS THEY NEED TO INCENTIVIZE, CREATE, SUPPORT AND OPERATE PLASTIC WASTE-REDUCING, INCLUSIVE, CIRCULAR ECONOMIES.


PROVIDE DECISIONMAKERS, INVESTORS, AND BUSINESSES WITH KNOWLEDGE, INSPIRATION, NETWORKS AND RESOURCES TO REPLICATE AND SCALE SUCCESSES.


PROVIDE FIELD-LEADING TOOLS AND METRICS THAT ALLOW STAKEHOLDERS TO UNDERSTAND THE OCEAN PLASTIC PROBLEM, SET BASELINES AND TARGETS, AND TRACK THE ENVIRONMENTAL AND SOCIAL IMPACTS OF THEIR INTERVENTIONS TO MAKE BETTER DECISIONS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rockefeller Philanthropy Advisors
Consulting Services
$200,000
Second Muse Llc
Consulting Services
$1,649,448
Ellen Martin
Consulting Services
$185,047
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,896,351
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,896,351
Total Program Service Revenue$0
Investment income $276
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$3,463
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,893,164

Grants Awarded

Over the last fiscal year, Circulate Initiative Inc has awarded $275,000 in support to 2 organizations.

Grant RecipientAmount

Washington, DC

PURPOSE: CONDUCT RESEARCH AND/OR PILOTS RELEVANT TO RETHINKING RECYCLING'S PROGRAM. PRODUCE INSIGHTS AND REPORTS THAT CAN BE USED TO ADVANCE KNOWLEDGE ABOUT EFFECTIVE SOLUTIONS TO ADDRESS PLASTIC POLLUTION IN THE ENVIRONMENT AMONG KEYACTORS, INCLUDING ENTREPRENEURS, GOVERNMENTS, CIVIL SOCIETY ORGANIZATIONS, GLOBAL CORPORATIONS AND PUBLIC AND PRIVATE INVESTORS

$200,000

UNIVERSITY OF GEORGIA RESEARCH FOUNDATION

Org PageRecipient Profile

Athens, GA

PURPOSE: CONDUCT CIRCULARITY ASSESSMENT PROTOCOLS FOR THE URBAN OCEAN PROGRAM

$75,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Circulate Initiative Inc has recieved totaling $3,177,778.

Awarding OrganizationAmount
Alliance To End Plastic Waste Inc

Austin, TX

PURPOSE: PROJECT FUNDING

$2,777,778
Impactassets Inc

Bethesda, MD

PURPOSE: GENERAL SUPPORT

$400,000
View Grant Recipient Profile

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