Civic Intelligence

Circle Company Inc

990 • Fiscal year 2013 • EIN 04-2801797

Oct 01, 2012 to Sep 30, 2013 • Filed on Jul 09, 2014

Organization ProfileN/A
243 Charles StreetSuiteSomerville, MA 02114-3203
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

41st percentile

0.02x

Higher debt load relative to assets than 41% of similar nonprofits.

2013 filings • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

47th percentile

0.04x

Higher debt load relative to revenue than 47% of similar nonprofits.

2013 filings • $1M-$5M nonprofits • Source year 2013

Net Margin

83rd percentile

38%

Higher net margin than 83% of similar nonprofits.

2013 filings • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

69th percentile

7.8%

Faster asset growth than 69% of similar nonprofits.

2013 filings • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

52nd percentile

5.0%

Faster revenue growth than 52% of similar nonprofits.

2013 filings • $1M-$5M nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$4,901,026

Up $353,499 (+7.8%) from 2012

Net Assets

Up

$4,827,480

Up $453,511 (+10%) from 2012

Liabilities

Down

$73,546

Down $100,012 (-58%) from 2012

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin83rd percentile

Revenue

$1,989,086

No earlier filing loaded for comparison.

Expenses

Down

$1,235,575

Down $204,954 (-14%) from 2012

Net Income

$753,511

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $4,682,870Liabilities 2011: $1,378,658Net Assets 2011: $3,304,2122011Assets 2012: $4,547,527Liabilities 2012: $173,558Net Assets 2012: $4,373,9692012Assets 2013: $4,901,026Liabilities 2013: $73,546Net Assets 2013: $4,827,4802013Assets 2014: $5,187,099Liabilities 2014: $63,703Net Assets 2014: $5,123,3962014Assets 2015: $4,766,800Liabilities 2015: $12,414Net Assets 2015: $4,754,3862015Assets 2016: $3,041,883Liabilities 2016: $3,041,883Net Assets 2016: $02016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2013

Assets$4,901,026
Liabilities$73,546
Net Assets$4,827,480
Open 2013 Filing

Operations Trend

Revenue Growth52nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $1,804,382Expenses 2011: $1,272,470Net Income 2011: $531,9122011Expenses 2012: $1,440,5292012Revenue 2013: $1,989,086Expenses 2013: $1,235,575Net Income 2013: $753,5112013Revenue 2014: $1,889,620Expenses 2014: $1,243,704Net Income 2014: $645,9162014Revenue 2015: $1,728,266Expenses 2015: $1,138,368Net Income 2015: $589,8982015Revenue 2016: $629,336Expenses 2016: $671,975Net Income 2016: -$42,6392016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020

Highlighted filing

2013

Revenue$1,989,086
Expenses$1,235,575
Net Income$753,511
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2012 to Sep 30, 2013
Signed
Jul 9, 2014
Return Version
2012v2.3
Gross Receipts
$1,989,086
Filing and Contact Details

Filer

EIN
04-2801797
Raw XML AppendixShowing 400 of 607 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Description0THE CHARLES STREET PARKING GARAGE IS ADJACENT TO THE MASSACHUSETTS EYE AND EAR INFIRMARY AND ACCOMMODATES PATIENTS, THEIR FAMILIES, MEDICAL STAFF, EMPLOYEES AND OTHERS. THE GARAGE ACCOMMODATES APPROXIMATELY 200 VEHICLES PER DAY. THE JOHN JEFFERIES HOUSE IS A SHORT-TERM ROOMING FACILITY WITHIN WALKING DISTANCE OF THE MASSACHUSETTS EYE AND EAR INFIRMARY FOR PATIENTS, THEIR FAMILIES, MEDICAL STAFF, VISITING FACULTY, RESEARCHERS, STAFF AND OTHERS. DURING FISCAL 2013 THERE WERE APPROXIMATELY FIVE THOUSAND ONE HUNDRED CHECK-INS AT THE FACILITY. CIRCLE COMPANY, INC. HOLDS TITLE TO 309 AND 313 CAMBRIDGE STREET WHICH HOUSE CERTAIN ADMINISTRATIVE OFFICES OF THE INFIRMARY.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0CIRCLE COMPANY, INC. ("CIRCLE") WAS INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS WITH ITS PARENT, THE FOUNDATION OF THE MASSACHUSETTS EYE AND EAR INFIRMARY, INC. ("THE FOUNDATION"), AND AFFILIATED ORGANIZATIONS. THE INCOME TAX FOOTNOTE IS AS FOLLOWS: THE FOUNDATION AND ITS AFFILIATES QUALIFY AS TAX-EXEMPT ORGANIZATIONS UNDER THE INTERNAL REVENUE CODE. THE FOUNDATION, INFIRMARY, ASSOCIATES, SCHEPENS AND EMBANKMENT ARE TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CIRCLE IS TAX-EXEMPT UNDER 501(C)(25) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND THERE WAS NO IMPACT TO THE FOUNDATION'S FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2013.
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0CIRCLE COMPANY, INC. ("CIRCLE" OR "CIRCLE COMPANY") DOES NOT HAVE ANY PAID EMPLOYEES. EMPLOYEES OF CIRCLE ARE LEASED FROM THE MASSACHUSETTS EYE AND EAR INFIRMARY ("THE INFIRMARY"), A RELATED ORGANIZATION. THE INFIRMARY USED A COMPENSATION COMMITTEE, COMPENSATION SURVEY, APPROVAL BY THE BOARD, AND AN INDEPENDENT COMPENSATION CONSULTANT TO ESTABLISH THE COMPENSATION OF THE PRESIDENT. SCHEDULE J, PART I, LINE 4A: IN CONNECTION WITH HIS DEPARTURE EFFECTIVE MAY 1, 2011, PETER CHINETTI RECEIVED 12 MONTHS OF SALARY AND BENEFITS CONTINUATION. SCHEDULE J, PART I, LINE 4B: EFFECTIVE APRIL 18, 2011, JOHN FERNANDEZ ENTERED INTO A DEFERRED COMPENSATION ARRANGEMENT WITH MASSACHUSETTS EYE AND EAR INFIRMARY. UNDER THE AGREEMENT, MR. FERNANDEZ WILL BE CREDITED $120,000 EACH YEAR. EACH ANNUAL CREDIT WILL VEST ON THE FOURTH ANNIVERSARY OF THE DATE SUCH CREDIT WAS MADE OR UPON (1) THE ATTAINMENT OF THE AGE OF 65 WHILE EMPLOYED; (2) TERMINATION WITHOUT CAUSE OR RESIGNATION FOR GOOD REASON; (3) DEATH; (4) DISABILITY; OR (5) CHANGE OF CONTROL OF MASSACHUSETTS EYE AND EAR INFIRMARY WITHIN THE MEANING OF SECTION 409A OF THE INTERNAL REVENUE CODE.
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier0SCHEDULE J, PART I, LINE 3:
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0JOHN R FERNANDEZ
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson1SUSAN WILLIAMS
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson2CAROLANN WILLIAMS
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson3PETER CHINETTI
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IRS990ScheduleJ/Form990ScheduleJPartII/Title0PRESIDENT
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IRS990ScheduleO/GeneralExplanation/Explanation0CIRCLE COMPANY, INC. ("CIRCLE" OR "CIRCLE COMPANY'S") MISSION IS TO PROMOTE THE INTERESTS OF THE FOUNDATION OF THE MASSACHUSETTS EYE AND EAR INFIRMARY, INC., (THE "FOUNDATION") A MASSACHUSETTS CHARITABLE CORPORATION, BY ACQUIRING, RECEIVING, HOLDING, MANAGING OR DISPOSING OF REAL PROPERTIES FOR THE BENEFIT OF THE FOUNDATION. CIRCLE COMPANY HOLDS TITLE TO AND COLLECTS RENTAL OR LEASE PAYMENTS FOR REAL PROPERTY FROM EMBANKMENT SERVICES, INC. (A RELATED SECTION 501(C)(3) ORGANIZATION WITH RESPECT TO 140-160 CHARLES STREET PARKING GARAGE AND JOHN JEFFERIES HOUSE). CIRCLE COMPANY ALSO RECEIVES RENTAL PAYMENTS FROM CERTAIN MERCHANTS AS WELL AS THE MASSACHUSETTS EYE AND EAR INFIRMARY.
IRS990ScheduleO/GeneralExplanation/Explanation1THE FOUNDATION IS THE SOLE MEMBER OF CIRCLE.
IRS990ScheduleO/GeneralExplanation/Explanation2THE DIRECTORS ARE ELECTED BY THE SOLE MEMBER (THE FOUNDATION).
IRS990ScheduleO/GeneralExplanation/Explanation3CIRCLE'S BUDGET IS APPROVED BY THE FOUNDATION.
IRS990ScheduleO/GeneralExplanation/Explanation4CIRCLE'S FORM 990 IS PREPARED BY PRICEWATERHOUSECOOPERS, LLP USING INFORMATION PROVIDED BY MANAGEMENT. AFTER THE FORM 990 IS COMPLETED IT IS REVIEWED BY THE DIRECTOR OF FINANCE OPERATIONS OF THE INFIRMARY. THE FORM 990 IS THEN PRESENTED TO THE FINANCE COMMITTEE FOR FURTHER REVIEW AND APPROVAL AS AUTHORIZED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS IS ALSO GIVEN THE FORM 990 FOR REVIEW WITH TIME TO SUBMIT COMMENTS AND QUESTIONS BEFORE FINAL FILING.
IRS990ScheduleO/GeneralExplanation/Explanation5EMPLOYEES OF CIRCLE ARE LEASED FROM THE MASSACHUSETTS EYE AND EAR INFIRMARY ("THE INFIRMARY"), A RELATED ORGANIZATION, AND ARE COVERED BY THE INFIRMARY CONFLICT OF INTEREST POLICY. MEMBERS OF THE STAFF ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST TO THEIR CHIEF OF SERVICE OR DEPARTMENT AND DIRECTOR OF LABORATORY/UNIT. MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANNUALLY, IN WRITING, ANY INTERESTS THAT COULD RISE TO CONFLICTS OF INTEREST STATEMENTS BY MEMBERS OF THE BOARD OF DIRECTORS AND REPORTS ON THE SAME TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD. WITH RESPECT TO INTERESTS DISCLOSED BY BOARD MEMBERS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST, THE INTERNAL LEGAL COUNSEL REVIEWS ALL TRANSACTIONS BETWEEN SUCH INTERESTS. THE INTERNAL LEGAL COUNSEL CONTAINS AND REVIEWS THE ANNUAL CONFLICT OF INTEREST OF THE FOUNDATION TO DETERMINE WHETHER THESE TRANSACTIONS WERE CONDUCTED AT ARM'S LENGTH.
IRS990ScheduleO/GeneralExplanation/Explanation6CIRCLE COMPANY DOES NOT HAVE ANY PAID EMPLOYEES. EMPLOYEES OF CIRCLE ARE LEASED FROM THE INFIRMARY. PLEASE SEE THE INFIRMARY'S RETURN FOR COMPENSATION DISCLOSURES. THE CHAIRMAN OF THE COMPENSATION COMMITTEE OF THE BOARD OF THE MASSACHUSETTS EYE AND EAR INFIRMARY PRESENTS A RECOMMENDATION TO THE COMPENSATION COMMITTEE WHICH HAS FINAL APPROVAL OF THE CEO'S BASE SALARY AND BONUS AMOUNT. THE CEO RECOMMENDS EXECUTIVE SALARIES TO THE COMPENSATION COMMITTEE OF THE BOARD WHO HAS FINAL AUTHORIZATION TO APPROVE IT. TOTAL COMPENSATION FOR THE CEO, CHIEFS AND VICE PRESIDENTS, INCLUDING BONUS PAYMENTS, INCLUDING COMPARABILITY DATA, IS ANALYZED BY INDEPENDENT COMPENSATION CONSULTANTS AND IS DETERMINED TO BE REASONABLE.
IRS990ScheduleO/GeneralExplanation/Explanation7SUMMARIZED FINANCIAL STATEMENTS ARE AVAILABLE ON THE INFIRMARY'S WEBSITE: WWW.MASSEYEANDEAR.ORG. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. GOVERNING DOCUMENTS, THE FORM 990 AND THE CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE UPON REQUEST.

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,901,026
Liabilities
$73,546
Net assets
$4,827,480
Revenue
$1,989,086
Expenses
$1,235,575
Net income
$753,511
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$3.04$3.04$0.00$0.63$0.67$0.04
2015Detailed filing. Detailed filing data is available for this year.$4.77$0.01$4.75$1.73$1.14$0.59
2014Detailed filing. Detailed filing data is available for this year.$5.19$0.06$5.12$1.89$1.24$0.65
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.90$0.07$4.83$1.99$1.24$0.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.55$0.17$4.37$1.44
2011Summary only. Only limited summary data is available for this year.$4.68$1.38$3.30$1.80$1.27$0.53