Civic Intelligence

Circle Academy

990 • Fiscal year 2020 • EIN 11-2396685

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 02, 2020

16-50 Utopia PkwyWhitestone, NY 11357

(718) 229-5050

Siviq Scores

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

Liabilities / Assets

89th percentile

0.77x

Higher debt load relative to assets than 89% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

54th percentile

0.17x

Higher debt load relative to revenue than 54% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

26th percentile

-6.9%

Higher net margin than 26% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

90th percentile

$198,767

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

85th percentile

47%

Faster asset growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

35th percentile

-8.5%

Faster revenue growth than 35% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$484,002

Up $154,412 (+47%) from 2019

Net Assets

Down

$109,640

Down $155,926 (-59%) from 2019

Liabilities

Up

$374,362

Up $310,338 (+485%) from 2019

Revenue

Down

$2,252,293

Down $209,107 (-8.5%) from 2019

Expenses

Up

$2,408,219

Up $114,857 (+5.0%) from 2019

Net Income

Down

-$155,926

Down $323,964 (-193%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $17,934Liabilities 2011: $6,391Net Assets 2011: $11,5432011Assets 2012: $58,237Liabilities 2012: $18,319Net Assets 2012: $39,9182012Assets 2013: $77,158Liabilities 2013: $21,917Net Assets 2013: $55,2412013Assets 2014: $147,979Liabilities 2014: $110,269Net Assets 2014: $37,7102014Assets 2015: $186,765Liabilities 2015: $54,833Net Assets 2015: $131,9322015Assets 2016: $184,597Liabilities 2016: $182,285Net Assets 2016: $2,3122016Assets 2017: $219,023Liabilities 2017: $184,257Net Assets 2017: $34,7662017Assets 2018: $277,491Liabilities 2018: $179,963Net Assets 2018: $97,5282018Assets 2019: $329,590Liabilities 2019: $64,024Net Assets 2019: $265,5662019Assets 2020: $484,002Liabilities 2020: $374,362Net Assets 2020: $109,6402020Assets 2021: $982,843Liabilities 2021: $249,872Net Assets 2021: $732,9712021Assets 2022: $2,228,360Liabilities 2022: $204,263Net Assets 2022: $2,024,0972022Assets 2023: $3,039,447Liabilities 2023: $390,182Net Assets 2023: $2,649,2652023Assets 2024: $3,359,071Liabilities 2024: $90,613Net Assets 2024: $3,268,4582024

Highlighted filing

2020

Assets$484,002
Liabilities$374,362
Net Assets$109,640

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $395,896Expenses 2011: $368,919Net Income 2011: $26,9772011Revenue 2012: $346,991Expenses 2012: $318,618Net Income 2012: $28,3732012Revenue 2013: $458,004Expenses 2013: $442,681Net Income 2013: $15,3232013Revenue 2014: $888,642Expenses 2014: $886,750Net Income 2014: $1,8922014Revenue 2015: $2,510,082Expenses 2015: $2,415,861Net Income 2015: $94,2212015Revenue 2016: $2,831,574Expenses 2016: $2,961,194Net Income 2016: -$129,6202016Revenue 2017: $3,019,774Expenses 2017: $2,987,320Net Income 2017: $32,4542017Revenue 2018: $2,288,100Expenses 2018: $2,225,338Net Income 2018: $62,7622018Revenue 2019: $2,461,400Expenses 2019: $2,293,362Net Income 2019: $168,0382019Revenue 2020: $2,252,293Expenses 2020: $2,408,219Net Income 2020: -$155,9262020Revenue 2021: $2,557,526Expenses 2021: $1,934,195Net Income 2021: $623,3312021Revenue 2022: $4,501,945Expenses 2022: $3,210,819Net Income 2022: $1,291,1262022Revenue 2023: $4,620,306Expenses 2023: $3,995,137Net Income 2023: $625,1692023Revenue 2024: $6,146,788Expenses 2024: $5,527,395Net Income 2024: $619,3932024

Highlighted filing

2020

Revenue$2,252,293
Expenses$2,408,219
Net Income-$155,926
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 2, 2020
Return Version
2019v5.1
Gross Receipts
$2,252,293
Mission and Program Overview

Mission

the mission is to provide a warm caring and stimulating early childhood environment that is safe and nurturing

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$205,051$365,188▲ $160,137
Accounts Receivable$55,616$88,598▲ $32,982
Land, Buildings, and Equipment, Net$18,187$15,973▼ $2,214
Prepaid Expenses and Deferred Charges$2,115--
Total Assets$329,590$484,002▲ $154,412
Other Assets Total$48,621$14,243▼ $34,378
Liabilities
Accounts Payable and Accrued Expenses$64,024$374,362▲ $310,338
Total Liabilities$64,024$374,362▲ $310,338
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$265,566$374,362▲ $108,796
Total Net Assets Fund Balance$265,566$109,640▼ $155,926
Total Liabilities and Net Assets / Fund Balance$329,590$484,002▲ $154,412

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements-$51,139$51,139
Equipment$15,973$17,471$33,444
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David EsfahaniExecutive Director Non VotingFT$198,767$198,767
Irene KoubaAdministration DirectorFT$57,713$57,713

Board Members and Trustees

NameTitle
Kelly a PortnoyChair Board Member
Arlene AnnunziataVice President
Richard BernsteinSecretary
Natasha GanjianTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,252,293
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-155,926

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,252,293
Total Revenue per Audited Statements
$2,252,293
Total Revenue per Form 990
$2,252,293
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,483,721
Other Expenses$924,498
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,122,075$31,056-$1,153,131
Occupancy$451,040$28,790-$479,830
Current Officers, Directors, Trustees, and Key Employees-$198,767-$198,767
Payroll Taxes$85,342$17,480-$102,822
All Other Expenses$63,654$4,221-$67,875
Other Expenses$60,277$5,961-$66,238
Insurance-$51,918-$51,918
Fees for Services Management-$32,862-$32,862
Other Employee Benefits$24,071$4,930-$29,001
Office Expenses-$25,025-$25,025
Information Technology$20,952$1,337-$22,289
Fees for Services Accounting-$6,250-$6,250
Advertising$2,357--$2,357
Depreciation Depletion$2,214--$2,214
Travel$714--$714
Total Functional Expenses$1,993,678$414,541$0$2,408,219

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,408,219
Total Expenses per Audited Statements$2,408,219
Total Expenses per Form 990$2,408,219
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by management and the board of trustees for approval if the changes are required by the school will then forward the return to the accounting firm for appropriate corrections and a final version will be distributed to all board members prior to the irs submission

Form 990, Part VI, Section B, Line 12C

The school shares its conflict of interest policy with board members and officers as part of their regular meeting officers directors and key employees are expected to declare if at any point conflict of interest arises

Form 990, Part VI, Section B, Line 15A

Comparable data is used by the board when determining the compensation of the officers directors and key employees

Form 990, Part VI, Section C, Line 19

The governing documents conflict of the interest policy and all financial statements are available upon request

Filing and Contact Details

Filer

Filer Name
Circle Academy
EIN
11-2396685
Phone
7182295050
Address
16-50 UTOPIA PKWY, Whitestone, NY 11357

Signing Officer

Name
david esfahani
Title
president
Signed
2020-11-02
Discuss with paid preparer
No

Organization Details

Principal Officer
David Esfhani
Formed
1978
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
57

Preparer

Firm
david suss cpa
Address
271 MADISON AVE, NEW YORK, NY 10016
Preparer
David Suss
Phone
9178635973
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

The mission of the circle academy is to provide a warm caring and stimulating early childhood environment that is safe and nurturing

Form 990, Part III, Line 1

Description of organization mission wevbelieve in the value of human diversity and the fair treatment of all people and the earth students and their families feel comfortable and welcome at all times we view the parents as partners in the education of their children and integrate them into our community as well as integrating into our community becoming part of it

Form 990, Part III, Line 4A

For the year 2019 2020 school year ca served 256 students universal pre kindergarten private pre school and kindergarten . The school implemented several practices that helped to maintain instructional coherence by doing the following 1 ca focused on the school environment in all effort to maintain a loving trustful and respectful environment that would enable our students to love trust and respect their parents teachers each other and especially themselves. 2. Ca focused on diversity in an effort to maintain the fair treatment of all people and the earth. 3. Ca focused on the parent programs in an effort to make sure our parents are involved in the education of their children. 4. Ca provided professional development for the staff focusing on childhood development and early childhood education. 5. Ca focused on the training and updating of the staff on the standard preschool curriculum guidelines and the new york state common core project. 6. Ca worked to encourage and develop the students physically sociallyemotionally and intelectually through the dailyemphasis on each of these developmental skills

Form 990, Part XII, Line 2C

The school has not changed the committees that assume responsibilities for oversight of the audit review or compilation of its financial statement and selection of an independent accountant

Form 990, Part III, Section PAGE 2, Line LINE 4A

Ca was successful in focusing on the after school day care service that specialize in various types of specialized learning for the students and parents needing education programs.8 ca was successful in focusing on the schools special education services via collaborations with high quality like education organizations that specialize in various types of specialized learning for students and parents needing education programs in the collaboration involves shared space equipment and service delivery

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IRS990/MissionDesc0THE SCHOOL FOSTERS SELF ESTEEM AND BUILDS CONFIDENCE BASED ON SELF RESPECT FOR ALL OTHERS WE HAVE CREATED A LOVING TRUSTFUL AND RESPECTFUL ENVIRONMENT WHICH ENABLES CHILDREN TO LOVE TRUST AND RESPECT THEIR PARENTS TEACHERS EACH OTHER AND ESPECIALLY THEMSELVES.CONTINUED ON SCHEDULE O
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE CIRCLE ACADEMY IS TO PROVIDE A WARM CARING AND STIMULATING EARLY CHILDHOOD ENVIRONMENT THAT IS SAFE AND NURTURING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION OF ORGANIZATION MISSION WEVBELIEVE IN THE VALUE OF HUMAN DIVERSITY AND THE FAIR TREATMENT OF ALL PEOPLE AND THE EARTH STUDENTS AND THEIR FAMILIES FEEL COMFORTABLE AND WELCOME AT ALL TIMES WE VIEW THE PARENTS AS PARTNERS IN THE EDUCATION OF THEIR CHILDREN AND INTEGRATE THEM INTO OUR COMMUNITY AS WELL AS INTEGRATING INTO OUR COMMUNITY BECOMING PART OF IT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FOR THE YEAR 2019 2020 SCHOOL YEAR CA SERVED 256 STUDENTS UNIVERSAL PRE KINDERGARTEN PRIVATE PRE SCHOOL AND KINDERGARTEN . THE SCHOOL IMPLEMENTED SEVERAL PRACTICES THAT HELPED TO MAINTAIN INSTRUCTIONAL COHERENCE BY DOING THE FOLLOWING 1 CA FOCUSED ON THE SCHOOL ENVIRONMENT IN ALL EFFORT TO MAINTAIN A LOVING TRUSTFUL AND RESPECTFUL ENVIRONMENT THAT WOULD ENABLE OUR STUDENTS TO LOVE TRUST AND RESPECT THEIR PARENTS TEACHERS EACH OTHER AND ESPECIALLY THEMSELVES. 2. CA FOCUSED ON DIVERSITY IN AN EFFORT TO MAINTAIN THE FAIR TREATMENT OF ALL PEOPLE AND THE EARTH. 3. CA FOCUSED ON THE PARENT PROGRAMS IN AN EFFORT TO MAKE SURE OUR PARENTS ARE INVOLVED IN THE EDUCATION OF THEIR CHILDREN. 4. CA PROVIDED PROFESSIONAL DEVELOPMENT FOR THE STAFF FOCUSING ON CHILDHOOD DEVELOPMENT AND EARLY CHILDHOOD EDUCATION. 5. CA FOCUSED ON THE TRAINING AND UPDATING OF THE STAFF ON THE STANDARD PRESCHOOL CURRICULUM GUIDELINES AND THE NEW YORK STATE COMMON CORE PROJECT. 6. CA WORKED TO ENCOURAGE AND DEVELOP THE STUDENTS PHYSICALLY SOCIALLYEMOTIONALLY AND INTELECTUALLY THROUGH THE DAILYEMPHASIS ON EACH OF THESE DEVELOPMENTAL SKILLS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED BY MANAGEMENT AND THE BOARD OF TRUSTEES FOR APPROVAL IF THE CHANGES ARE REQUIRED BY THE SCHOOL WILL THEN FORWARD THE RETURN TO THE ACCOUNTING FIRM FOR APPROPRIATE CORRECTIONS AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO THE IRS SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SCHOOL SHARES ITS CONFLICT OF INTEREST POLICY WITH BOARD MEMBERS AND OFFICERS AS PART OF THEIR REGULAR MEETING OFFICERS DIRECTORS AND KEY EMPLOYEES ARE EXPECTED TO DECLARE IF AT ANY POINT CONFLICT OF INTEREST ARISES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPARABLE DATA IS USED BY THE BOARD WHEN DETERMINING THE COMPENSATION OF THE OFFICERS DIRECTORS AND KEY EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING DOCUMENTS CONFLICT OF THE INTEREST POLICY AND ALL FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE SCHOOL HAS NOT CHANGED THE COMMITTEES THAT ASSUME RESPONSIBILITIES FOR OVERSIGHT OF THE AUDIT REVIEW OR COMPILATION OF ITS FINANCIAL STATEMENT AND SELECTION OF AN INDEPENDENT ACCOUNTANT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CA WAS SUCCESSFUL IN FOCUSING ON THE AFTER SCHOOL DAY CARE SERVICE THAT SPECIALIZE IN VARIOUS TYPES OF SPECIALIZED LEARNING FOR THE STUDENTS AND PARENTS NEEDING EDUCATION PROGRAMS.8 CA WAS SUCCESSFUL IN FOCUSING ON THE SCHOOLS SPECIAL EDUCATION SERVICES VIA COLLABORATIONS WITH HIGH QUALITY LIKE EDUCATION ORGANIZATIONS THAT SPECIALIZE IN VARIOUS TYPES OF SPECIALIZED LEARNING FOR STUDENTS AND PARENTS NEEDING EDUCATION PROGRAMS IN THE COLLABORATION INVOLVES SHARED SPACE EQUIPMENT AND SERVICE DELIVERY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part III, Line 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XII, Line 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part III, Section PAGE 2, Line LINE 4A
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.36$0.09$3.27$6.15$5.53$0.62
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.04$0.39$2.65$4.62$4.00$0.63
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.20$2.02$4.50$3.21$1.29
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.25$0.73$2.56$1.93$0.62
2020Detailed filing. Detailed filing data is available for this year.$0.48$0.37$0.11$2.25$2.41$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.06$0.27$2.46$2.29$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.18$0.10$2.29$2.23$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.18$0.03$3.02$2.99$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.18$0.18$0.00$2.83$2.96$0.13
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.05$0.13$2.51$2.42$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.15$0.11$0.04$0.89$0.89$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.02$0.06$0.46$0.44$0.02
2012Summary only. Only limited summary data is available for this year.$0.06$0.02$0.04$0.35$0.32$0.03
2011Summary only. Only limited summary data is available for this year.$0.02$0.01$0.01$0.40$0.37$0.03
Peer Organizations

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