Circle Square Foundation
- Assets
- $124.1m
- Revenue
- $8.7m
- Investments
- $71.2m
- Employees
- 0
- Location
- Ocala, FL
- Founding
- Data as of
- 03/2022
- EIN
- 83-6900931
Organization Overview
Circle Square Foundation is located in Ocala, FL. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circle Square 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 03/2022, Circle Square Foundation generated $8.7m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $19.0m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT, PLANNING AND CONSTRUCTION OF AQUATIC CENTER AND JOINT WORSHIP FACILITY
OPERATING AND MANAGEMENT OF AQUATIC CENTER AVAILABLE TO THE GENERAL PUBLIC AND LOCAL SWIM TEAMS.
OPERATING AND MANAGEMENT OF JOINT WORSHIP FACILITY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Rogers Executive Dir. | 25 | $78,500 | |
Brian James Schrader Head Swim Coach | 40 | $66,000 | |
William John Vargo Aquatics Director | 40 | $60,391 | |
Kenneth D Colen Trustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nelson & Company Llc | 3/30/22 | $638,845 |
Parrish Mccall Constructors Inc | 3/30/22 | $18,547,390 |
Metromont Corporation | 3/30/22 | $444,752 |
Wannemacher Jensen Architects Inc | 3/30/22 | $750,099 |
Ausley Construction Company Llc | 3/30/22 | $4,868,210 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $69,324 |
| Interest on Savings | $1,213,755 |
| Dividends & Interest | $1,102,286 |
| Net Rental Income | $259,806 |
| Net Gain on Sale of Assets | $5,896,072 |
| Capital Gain Net Income | $5,896,072 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $3,303 |
| Other Income | $179,942 |
| Total Revenue | $8,724,488 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $81,147 |
| Other employee salaries and wages | $264,180 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $228,599 |
| Depreciation | $132,525 |
| Occupancy | $19,016 |
| Travel, conferences, and meetings | $13,170 |
| Printing and publications | $0 |
| Other expenses | $561,108 |
| Total operating and administrative expenses | $1,781,490 |
| Contributions, gifts, grants paid | $17,187,095 |
| Total expenses and disbursements | $18,968,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,859 |
| Savings and temporary cash investments | $727,749 |
| Net Accounts receivable | $78,477 |
| 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 | $13,924 |
| Prepaid expenses and deferred charges | $70,616 |
| Net Investments - land, buildings, equipment | $4,895,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $33,441,765 |
| Net Land, buildings, and equipment | $46,977,642 |
| Other assets | $6,527 |
| Total assets | $124,141,413 |
| Accounts payable and accrued expenses | $2,288,780 |
| 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 | $2,288,780 |
Grants Awarded
Over the last fiscal year, Circle Square Foundation has awarded $17,187,095 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Ocala, FL PURPOSE: CHARITABLE CONTRIBUTION | $17,162,095 |
COMMUNITY FOUNDATION FOR OCALA PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Circle Square Foundation Ocala, FL | $124,141,413 | $8,724,488 |
United States Masters Swimming Inc Sarasota, FL | $7,327,632 | $3,454,621 |
Usa Water Ski & Wake Sports Inc Auburndale, FL | $1,442,821 | $1,825,367 |
Usa Swimming Inc Minneola, FL | $982,345 | $1,492,508 |
Sarasota Crew Inc Osprey, FL | $3,089,613 | $2,511,291 |
Water Sports Foundation Inc Orlando, FL | $355,212 | $1,138,831 |
Huntsville Swim Association Huntsville, AL | $601,008 | $1,169,266 |
Sarasota Sharks Incorporated Sarasota, FL | $1,254,329 | $1,187,905 |
Athens Bulldog Swim Club Inc Hull, GA | $405,540 | $725,242 |
Palm Beach Sailing Club Inc West Palm Beach, FL | $1,088,323 | $782,714 |
Coconut Grove Sailing Club Instructional Center Inc Miami, FL | $284,549 | $710,117 |
Sarasota Sailing Squadron Inc Sarasota, FL | $2,108,235 | $790,673 |