Liabilities / Assets
29th percentile
Higher debt load relative to assets than 29% of similar nonprofits.
EIN 11-2396685 • 501(c)3 • Whitestone, NY
Profile
The 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 espcially themselves. We believe 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 and becoming part of it.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
29th percentile
Higher debt load relative to assets than 29% of similar nonprofits.
Liabilities / Revenue
17th percentile
Higher debt load relative to revenue than 17% of similar nonprofits.
Net Margin
61st percentile
Higher net margin than 61% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
65th percentile
Faster asset growth than 65% of similar nonprofits.
Revenue Growth
80th percentile
Faster revenue growth than 80% of similar nonprofits.
Assets
Up$3,359,071
Up $319,624 (+11%) from 2023
Liabilities
Down$90,613
Down $299,569 (-77%) from 2023
Net Assets
Up$3,268,458
Up $619,193 (+23%) from 2023
Revenue
Up$6,146,788
Up $1,526,482 (+33%) from 2023
Expenses
Up$5,527,395
Up $1,532,258 (+38%) from 2023
Net Income
Down$619,393
Down $5,776 (-0.9%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
The 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 espcially themselves. We believe 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 and becoming part of it.
Circle academy is dedicated to fostering a secure and supportive environment for its students.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $1,464,402 | $1,398,274 | ▼ $66,128 |
| Land, Buildings, and Equipment, Net | $273,949 | $841,594 | ▲ $567,645 |
| Accounts Receivable | $675,415 | $679,477 | ▲ $4,062 |
| Prepaid Expenses and Deferred Charges | $611,438 | $425,483 | ▼ $185,955 |
| Total Assets | $3,039,447 | $3,359,071 | ▲ $319,624 |
| Other Assets Total | $14,243 | $14,243 | → $0 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $390,182 | $90,613 | ▼ $299,569 |
| Total Liabilities | $390,182 | $90,613 | ▼ $299,569 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,649,265 | $3,268,458 | ▲ $619,193 |
| Total Net Assets Fund Balance | $2,649,265 | $3,268,458 | ▲ $619,193 |
| Total Liabilities and Net Assets / Fund Balance | $3,039,447 | $3,359,071 | ▲ $319,624 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $835,485 | $160,205 | $995,690 |
| Equipment | $6,109 | $27,335 | $33,444 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| David Esfhani | Executive Director | FT | $252,503 | $252,503 |
| Natasha Ganjian | Secretary | FT | $106,691 | $106,691 |
| Name | Title |
|---|---|
| Kelly a Portnoy | Chairman of the Board |
| Bonnie Honya | Board Member |
| Erica Duenas | Board Member |
| Phyllis Jordan | Board Member |
| Richard Bernstein | Secretary |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Good Apple Achievement LLC | Consultant | 97-77 QUEENS BLVD 6TH FL, Rego Park, NY 11374 | $101,779 |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $3,444,599 |
| Other Expenses | $2,082,796 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $2,522,618 | $106,225 | - | $2,628,843 |
| Occupancy | $824,941 | $52,656 | - | $877,597 |
| Current Officers, Directors, Trustees, and Key Employees | - | $304,506 | - | $304,506 |
| Payroll Taxes | $223,675 | $36,412 | - | $260,087 |
| Pension Plan Contributions | $172,000 | $28,000 | - | $200,000 |
| Insurance | - | $122,303 | - | $122,303 |
| Other Expenses | $121,651 | $7,277 | - | $121,651 |
| All Other Expenses | $94,606 | $15,706 | - | $110,312 |
| Depreciation Depletion | $75,676 | $4,830 | - | $80,506 |
| Fees for Services Accounting | - | $52,627 | - | $52,627 |
| Other Employee Benefits | $44,000 | $7,163 | - | $51,163 |
| Office Expenses | - | $47,466 | - | $47,466 |
| Fees for Services Other | - | $34,873 | - | $34,873 |
| Interest | - | $5,226 | - | $5,226 |
| Advertising | - | $3,329 | - | $3,329 |
| Fees for Services Management | - | $875 | - | $875 |
| Travel | - | $250 | - | $250 |
| Total Functional Expenses | $4,684,150 | $843,245 | $0 | $5,527,395 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $5,527,595 |
| Expenses per Audited Statements | $5,527,395 |
| Total Expenses per Form 990 | $5,527,395 |
| Expenses Not Reported on Form 990 | $200 |
| Expenses Not Reported on Financial Statements | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The form 990 is reviewed by management and the board of trustees for approval. If changes are required, 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.”
“The institution disseminates its conflict of interest policy to all members of the board of directors and executive officers in the course of their standard meeting procedures. It is incumbent upon officers, directors, and principal employees to promptly disclose any actual or potential conflicts of interest in accordance with said policy. This disclosure shall take place as soon as the party has knowledge of circumstances that may be perceived as a conflict, to ensure adherence to legal and ethical standards governing the institution's operations.”
“In establishing remuneration for officers, directors, and key personnel, the board systematically relies upon objectively comparable compensation data.”
“The organizational bylaws, conflict of interest policy, and financial disclosures are accessible to the public and may be obtained upon formal request, in accordance with transparency and disclosure requirements.”
“The foundational governing instruments, policy delineating conflicts of interest, and fiscal reports shall be made available for public inspection upon properly submitted request.”
“Circle academy has effectively concentrated on educational services ranging from early childhood through 8th grade, featuring specialized learning approaches such as montessori philosophies and stem education. It also offers special education, partnering with top-tier educational organizations that are experts in diverse, specialized learning methods for students.”
“For the 2023-2024 school year, circle academy served 513 students. The school implemented several practices that helped to maintain instructional coherence by doing the following: 1. Circle academy placed a high value on establishing a warm and supportive educational setting, one where nurturing love, trust, and respect is paramount for everyone, especially encouraging students to harbor these feelings for their peers, educuators, families and themselves. 2. At circle academy, diversity was more than a concept; it was a practice of ensuring equal respect and consideration for all people and conscientious stewardship of the environment. 3. The school as proactive in involving parents, believing firmly in power of their involvement to enrich the educational experiences of their children. 4. Commitment to the professional growth of its staff was evident at circle academy, with targeted training in the domains of childhood development amd early childhood educational methodologies. 5. The academy maintained a dedication to the continual professional development of eduators, keeping them abreast of the latest preschool curricular standards and the new york state common core. 6. Circle academy's hollistic approach to education was designed to promote the physical, social, emotional, and intellectual advancement of its students, with each day bringing activities crafted to develop these critical areas. 7. A significant focus at circle academy was to strengthen its special education services, achieved through strategic alliances with respected educational bodies that cater to diverse learnng needs, benefiting students and parents alike through shared resources and collaborative service delivery.”
“PENALTIES -200.”
“The educational institution has maintained continuity in the composition of the committees entrusted with the oversight of auditing, review, or compilation of its financial statements, as well as in the appointment of an independent accounting entity.”
“PENALTIES 200.”
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/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 90613 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 675415 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 679477 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | CIRCLE ACADEMY IS DEDICATED TO FOSTERING A SECURE AND SUPPORTIVE ENVIRONMENT FOR ITS STUDENTS. |
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| IRS990/CYTotalExpensesAmt | 0 | 5527395 |
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| IRS990/CYTotalRevenueAmt | 0 | 6146788 |
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| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 75676 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 80506 |
| IRS990/Desc | 0 | SEE SCHEDULE O FOR PROGRAM SERVICE ACCOMPLISHMENTS. |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 52627 |
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| IRS990/MissionDesc | 0 | CIRCLE ACADEMY IS COMMITTED TO THE PRINCIPLES OF HUMAN DIVERSITY AND EQUITABLE TREATMENT FOR EVERYONE. WE ENSURE THAT STUDENTS AND THEIR FAMILIES CONSISTENTLY FEEL AT EASE AND VALUED WITHIN OUR COMMUNITY. RECOGNIZING PARENTS AS COLLABORATIVE PARTNERS IN THEIR CHILDREN'S EDUCATION, WE ACTIVELY INCORPORATE THEM INTO OUR SCHOOL'S COMMUNITY AND ALSO ENGAGE OUR SCHOOL COMMUNITY WITH THE SURROUNDING NEIGHBORHOOD. |
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| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 7277 |
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| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 121651 |
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| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 223675 |
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| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 172000 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 200000 |
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| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 425483 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | CIRCLE ACADEMY HAS EFFECTIVELY CONCENTRATED ON EDUCATIONAL SERVICES RANGING FROM EARLY CHILDHOOD THROUGH 8TH GRADE, FEATURING SPECIALIZED LEARNING APPROACHES SUCH AS MONTESSORI PHILOSOPHIES AND STEM EDUCATION. IT ALSO OFFERS SPECIAL EDUCATION, PARTNERING WITH TOP-TIER EDUCATIONAL ORGANIZATIONS THAT ARE EXPERTS IN DIVERSE, SPECIALIZED LEARNING METHODS FOR STUDENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | FOR THE 2023-2024 SCHOOL YEAR, CIRCLE ACADEMY SERVED 513 STUDENTS. THE SCHOOL IMPLEMENTED SEVERAL PRACTICES THAT HELPED TO MAINTAIN INSTRUCTIONAL COHERENCE BY DOING THE FOLLOWING: 1. CIRCLE ACADEMY PLACED A HIGH VALUE ON ESTABLISHING A WARM AND SUPPORTIVE EDUCATIONAL SETTING, ONE WHERE NURTURING LOVE, TRUST, AND RESPECT IS PARAMOUNT FOR EVERYONE, ESPECIALLY ENCOURAGING STUDENTS TO HARBOR THESE FEELINGS FOR THEIR PEERS, EDUCUATORS, FAMILIES AND THEMSELVES. 2. AT CIRCLE ACADEMY, DIVERSITY WAS MORE THAN A CONCEPT; IT WAS A PRACTICE OF ENSURING EQUAL RESPECT AND CONSIDERATION FOR ALL PEOPLE AND CONSCIENTIOUS STEWARDSHIP OF THE ENVIRONMENT. 3. THE SCHOOL AS PROACTIVE IN INVOLVING PARENTS, BELIEVING FIRMLY IN POWER OF THEIR INVOLVEMENT TO ENRICH THE EDUCATIONAL EXPERIENCES OF THEIR CHILDREN. 4. COMMITMENT TO THE PROFESSIONAL GROWTH OF ITS STAFF WAS EVIDENT AT CIRCLE ACADEMY, WITH TARGETED TRAINING IN THE DOMAINS OF CHILDHOOD DEVELOPMENT AMD EARLY CHILDHOOD EDUCATIONAL METHODOLOGIES. 5. THE ACADEMY MAINTAINED A DEDICATION TO THE CONTINUAL PROFESSIONAL DEVELOPMENT OF EDUATORS, KEEPING THEM ABREAST OF THE LATEST PRESCHOOL CURRICULAR STANDARDS AND THE NEW YORK STATE COMMON CORE. 6. CIRCLE ACADEMY'S HOLLISTIC APPROACH TO EDUCATION WAS DESIGNED TO PROMOTE THE PHYSICAL, SOCIAL, EMOTIONAL, AND INTELLECTUAL ADVANCEMENT OF ITS STUDENTS, WITH EACH DAY BRINGING ACTIVITIES CRAFTED TO DEVELOP THESE CRITICAL AREAS. 7. A SIGNIFICANT FOCUS AT CIRCLE ACADEMY WAS TO STRENGTHEN ITS SPECIAL EDUCATION SERVICES, ACHIEVED THROUGH STRATEGIC ALLIANCES WITH RESPECTED EDUCATIONAL BODIES THAT CATER TO DIVERSE LEARNNG NEEDS, BENEFITING STUDENTS AND PARENTS ALIKE THROUGH SHARED RESOURCES AND COLLABORATIVE SERVICE DELIVERY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE BOARD OF TRUSTEES FOR APPROVAL. IF CHANGES ARE REQUIRED, 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/ExplanationTxt | 3 | THE INSTITUTION DISSEMINATES ITS CONFLICT OF INTEREST POLICY TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND EXECUTIVE OFFICERS IN THE COURSE OF THEIR STANDARD MEETING PROCEDURES. IT IS INCUMBENT UPON OFFICERS, DIRECTORS, AND PRINCIPAL EMPLOYEES TO PROMPTLY DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST IN ACCORDANCE WITH SAID POLICY. THIS DISCLOSURE SHALL TAKE PLACE AS SOON AS THE PARTY HAS KNOWLEDGE OF CIRCUMSTANCES THAT MAY BE PERCEIVED AS A CONFLICT, TO ENSURE ADHERENCE TO LEGAL AND ETHICAL STANDARDS GOVERNING THE INSTITUTION'S OPERATIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | IN ESTABLISHING REMUNERATION FOR OFFICERS, DIRECTORS, AND KEY PERSONNEL, THE BOARD SYSTEMATICALLY RELIES UPON OBJECTIVELY COMPARABLE COMPENSATION DATA. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE ORGANIZATIONAL BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL DISCLOSURES ARE ACCESSIBLE TO THE PUBLIC AND MAY BE OBTAINED UPON FORMAL REQUEST, IN ACCORDANCE WITH TRANSPARENCY AND DISCLOSURE REQUIREMENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE FOUNDATIONAL GOVERNING INSTRUMENTS, POLICY DELINEATING CONFLICTS OF INTEREST, AND FISCAL REPORTS SHALL BE MADE AVAILABLE FOR PUBLIC INSPECTION UPON PROPERLY SUBMITTED REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | PENALTIES -200. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | THE EDUCATIONAL INSTITUTION HAS MAINTAINED CONTINUITY IN THE COMPOSITION OF THE COMMITTEES ENTRUSTED WITH THE OVERSIGHT OF AUDITING, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS, AS WELL AS IN THE APPOINTMENT OF AN INDEPENDENT ACCOUNTING ENTITY. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART III - ADDITIONAL INFORMATION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART III, LINE 4A - PROGRAM SERVICE ACCOMPLISHMENTS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 18 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART XI, LINE 9: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PART XII, LINE 2C |
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