Civic Intelligence

Purple Circle Day Care Center

EIN 13-3073319 • 501(c)3 • New York, NY

Profile

Pre=school center and day care center

2697 BroadwayNew York, NY 10025

purplecircle.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.93x

Higher debt load relative to assets than 91% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

0.71x

Higher debt load relative to revenue than 87% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2024

Net Margin

13th percentile

-17%

Higher net margin than 13% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE B • $1M-$5M nonprofits • Source year 2024

Asset Growth

19th percentile

-8.7%

Faster asset growth than 19% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

12%

Faster revenue growth than 55% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,625,148

Down $154,795 (-8.7%) from 2023

Liabilities

Up

$1,513,150

Up $206,735 (+16%) from 2023

Net Assets

Down

$111,998

Down $361,530 (-76%) from 2023

Revenue

Up

$2,140,023

Up $228,211 (+12%) from 2023

Expenses

Up

$2,500,686

Up $502,177 (+25%) from 2023

Net Income

Down

-$360,663

Down $273,966 (-316%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $998,321Liabilities 2011: $323,507Net Assets 2011: $674,8142011Assets 2012: $1,094,129Liabilities 2012: $399,213Net Assets 2012: $694,9162012Assets 2013: $1,193,036Liabilities 2013: $434,406Net Assets 2013: $758,6302013Assets 2014: $1,169,319Liabilities 2014: $418,715Net Assets 2014: $750,6052014Assets 2015: $1,287,470Liabilities 2015: $436,078Net Assets 2015: $851,3922015Assets 2016: $1,330,829Liabilities 2016: $472,295Net Assets 2016: $858,5342016Assets 2017: $1,198,223Liabilities 2017: $461,670Net Assets 2017: $736,5532017Assets 2018: $1,345,890Liabilities 2018: $610,550Net Assets 2018: $735,3402018Assets 2019: $1,507,702Liabilities 2019: $764,111Net Assets 2019: $743,5912019Assets 2020: $1,550,860Liabilities 2020: $765,671Net Assets 2020: $785,1892020Assets 2021: $1,890,973Liabilities 2021: $1,290,375Net Assets 2021: $600,5982021Assets 2023: $1,779,943Liabilities 2023: $1,306,415Net Assets 2023: $473,5282023Assets 2024: $1,625,148Liabilities 2024: $1,513,150Net Assets 2024: $111,9982024

Highlighted filing

2024

Assets$1,625,148
Liabilities$1,513,150
Net Assets$111,998

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,284,467Expenses 2011: $1,279,190Net Income 2011: $5,2772011Revenue 2012: $1,263,066Expenses 2012: $1,242,964Net Income 2012: $20,1022012Revenue 2013: $1,376,764Expenses 2013: $1,310,814Net Income 2013: $65,9502013Revenue 2014: $1,384,893Expenses 2014: $1,392,918Net Income 2014: -$8,0252014Revenue 2015: $1,553,356Expenses 2015: $1,452,569Net Income 2015: $100,7872015Revenue 2016: $1,463,023Expenses 2016: $1,455,881Net Income 2016: $7,1422016Revenue 2017: $1,332,389Expenses 2017: $1,454,370Net Income 2017: -$121,9812017Revenue 2018: $1,484,768Expenses 2018: $1,485,981Net Income 2018: -$1,2132018Revenue 2019: $1,535,411Expenses 2019: $1,527,160Net Income 2019: $8,2512019Revenue 2020: $1,438,085Expenses 2020: $1,396,487Net Income 2020: $41,5982020Revenue 2021: $1,052,995Expenses 2021: $1,237,586Net Income 2021: -$184,5912021Revenue 2023: $1,911,812Expenses 2023: $1,998,509Net Income 2023: -$86,6972023Revenue 2024: $2,140,023Expenses 2024: $2,500,686Net Income 2024: -$360,6632024

Highlighted filing

2024

Revenue$2,140,023
Expenses$2,500,686
Net Income-$360,663

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jun 18, 2025
Return Version
2023v6.0
Gross Receipts
$2,140,023
Mission and Program Overview

Mission

Pre=school center and day care center

Pre-school center and day care center

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,266,198$1,196,568▼ $69,630
Cap Stk Tr Prin Current Funds$472,661$111,998▼ $360,663
Accounts Receivable$83,006$77,128▼ $5,878
Cash and Non-Interest-Bearing Accounts$133,507$51,347▼ $82,160
Savings and Temporary Cash Investments$36,335$45,392▲ $9,057
Prepaid Expenses and Deferred Charges$6,184--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$1,779,943$1,625,148▼ $154,795
Other Assets Total$254,713$254,713→ $0
Liabilities
Deferred Revenue$554,329$847,055▲ $292,726
Mortgage Notes Payable Secured by Investment Property$672,337$584,858▼ $87,479
Accounts Payable and Accrued Expenses$80,616$81,237▲ $621
Total Liabilities$1,307,282$1,513,150▲ $205,868
Net Assets / Fund Balance
Total Net Assets Fund Balance$472,661$111,998▼ $360,663
Total Liabilities and Net Assets / Fund Balance$1,779,943$1,625,148▼ $154,795

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,196,568$254,730-
Other Assets Org$254,713--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Elaine KarasExec Director
Revenue and Support

Revenue Composition

Contributions and Grants
$123,958
Program Service Revenue
$2,053,493
Investment Income
$8,098
Other Revenue
$-45,526
All Other Contributions
$101,776
Change in Net Assets
$-360,663

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,140,023
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,140,023
Total Revenue per Form 990
$2,140,023
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,908,001
Other Expenses$592,685
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,255,124$354,923-$1,610,047
Occupancy-$347,596-$347,596
Other Employee Benefits$124,524$42,927-$167,451
Payroll Taxes$115,129$15,374-$130,503
Depreciation Depletion-$72,100-$72,100
Fees for Services Other$41,268$1,774-$43,042
Interest-$27,488-$27,488
Insurance-$21,350-$21,350
Fees for Services Accounting-$20,100-$20,100
Other Expenses$37,270$3,585-$3,585
Office Expenses-$3,488-$3,488
All Other Expenses-$2,231-$2,231
Conferences and Meetings-$2,087-$2,087
Advertising-$80-$80
Total Functional Expenses$1,573,315$927,371$0$2,500,686

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,500,686
Total Expenses per Audited Statements$2,500,686
Total Expenses per Form 990$2,500,686
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

The executive director, top management and the board of directors comprised of parents who oversee the management of the school;, and approve salaries for the executive director and the teachers. Other officers and key employees are reportable to the board of directors. No officers receive compensation

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Purple Circle Day Care Center
EIN
13-3073319
Phone
2128669193
Address
2697 BROADWAY, NEW YORK, NY 10025

Signing Officer

Name
Elaine Karas
Title
Director
Phone
2128669196
Signed
2025-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elaine Karas
Formed
1981
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Novack CPA
Address
21 GREENWAY CT, CLOSTER, NJ 07624
Preparer
Jeffrey Novack CPA
Phone
2017673706
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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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IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR, TOP MANAGEMENT AND THE BOARD OF DIRECTORS COMPRISED OF PARENTS WHO OVERSEE THE MANAGEMENT OF THE SCHOOL;, AND APPROVE SALARIES FOR THE EXECUTIVE DIRECTOR AND THE TEACHERS. OTHER OFFICERS AND KEY EMPLOYEES ARE REPORTABLE TO THE BOARD OF DIRECTORS. NO OFFICERS RECEIVE COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01779943
IRS990/TotalAssetsEOYAmt01625148
IRS990/TotalAssetsGrp/BOYAmt01779943
IRS990/TotalAssetsGrp/EOYAmt01625148
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0123958
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0927371
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01573315
IRS990/TotalFunctionalExpensesGrp/TotalAmt02500686
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01307282
IRS990/TotalLiabilitiesEOYAmt01513150
IRS990/TotalLiabilitiesGrp/BOYAmt01307282
IRS990/TotalLiabilitiesGrp/EOYAmt01513150
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0472661
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0111998
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01573315
IRS990/TotalProgramServiceRevenueAmt02053493
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02016065
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02140023
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01779943
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01625148
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02697 BROADWAY
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011025
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0PURPLECIRCLE.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ELAINE KARAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02128669196
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PURPLE CIRCLE DAY CARE CENTER
ReturnHeader/Filer/BusinessNameControlTxt0PURP
ReturnHeader/Filer/EIN0133073319
ReturnHeader/Filer/PhoneNum02128669193
ReturnHeader/Filer/USAddress/AddressLine1Txt02697 BROADWAY
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010025
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461857392
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NOVACK CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt021 GREENWAY CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLOSTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007624
ReturnHeader/PreparerPersonGrp/PhoneNum02017673706
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY NOVACK CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-06-18T11:12:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-09-01
ReturnHeader/TaxPeriodEndDt02024-08-31
ReturnHeader/TaxYr02023

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