Civic Intelligence

Circle Venture Inc

990 • Fiscal year 2020 • EIN 23-2989934

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 27, 2021

1125 S Broad Street Ste 2nd FLPhiladelphia, PA 19147

(215) 426-0100

Siviq Scores

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

Liabilities / Assets

71st percentile

0.22x

Higher debt load relative to assets than 71% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

71st percentile

0.21x

Higher debt load relative to revenue than 71% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

45th percentile

3.5%

Higher net margin than 45% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

74th percentile

27%

Faster asset growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

13th percentile

-43%

Faster revenue growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$692,359

Up $149,286 (+27%) from 2019

Net Assets

Down

$537,718

Down $1,758 (-0.3%) from 2019

Liabilities

Up

$154,641

Up $151,044 (+4199%) from 2019

Revenue

Down

$735,142

Down $549,656 (-43%) from 2019

Expenses

Down

$709,275

Down $234,901 (-25%) from 2019

Net Income

Down

$25,867

Down $314,755 (-92%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $136,613Liabilities 2011: $4,704Net Assets 2011: $131,9092011Assets 2012: $196,793Liabilities 2012: $5,554Net Assets 2012: $191,2392012Assets 2013: $168,735Liabilities 2013: $2,844Net Assets 2013: $165,8912013Assets 2014: $246,853Liabilities 2014: $2,812Net Assets 2014: $244,0412014Assets 2015: $246,127Liabilities 2015: -$3,216Net Assets 2015: $249,3432015Assets 2016: $326,164Liabilities 2016: $7,498Net Assets 2016: $318,6662016Assets 2017: $412,220Liabilities 2017: $1,235Net Assets 2017: $410,9852017Assets 2018: $503,780Liabilities 2018: $3,631Net Assets 2018: $500,1492018Assets 2019: $543,073Liabilities 2019: $3,597Net Assets 2019: $539,4762019Assets 2020: $692,359Liabilities 2020: $154,641Net Assets 2020: $537,7182020Assets 2021: $2,344,437Liabilities 2021: $1,510,378Net Assets 2021: $834,0592021Assets 2022: $2,262,032Liabilities 2022: $1,353,428Net Assets 2022: $908,6042022Assets 2023: $2,580,183Liabilities 2023: $1,499,772Net Assets 2023: $1,080,4112023Assets 2024: $1,123,533Liabilities 2024: $4,562Net Assets 2024: $1,118,9712024Assets 2025: $1,239,941Liabilities 2025: $4,603Net Assets 2025: $1,235,3382025

Highlighted filing

2020

Assets$692,359
Liabilities$154,641
Net Assets$537,718

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $531,145Expenses 2011: $517,090Net Income 2011: $14,0552011Revenue 2012: $571,702Expenses 2012: $528,650Net Income 2012: $43,0522012Revenue 2013: $656,598Expenses 2013: $639,808Net Income 2013: $16,7902013Revenue 2014: $787,246Expenses 2014: $694,946Net Income 2014: $92,3002014Revenue 2015: $881,570Expenses 2015: $888,818Net Income 2015: -$7,2482015Revenue 2016: $1,019,816Expenses 2016: $667,875Net Income 2016: $351,9412016Revenue 2017: $1,166,231Expenses 2017: $1,107,254Net Income 2017: $58,9772017Revenue 2018: $1,249,475Expenses 2018: $1,198,814Net Income 2018: $50,6612018Revenue 2019: $1,284,798Expenses 2019: $944,176Net Income 2019: $340,6222019Revenue 2020: $735,142Expenses 2020: $709,275Net Income 2020: $25,8672020Revenue 2021: $1,182,562Expenses 2021: $1,054,633Net Income 2021: $127,9292021Revenue 2022: $1,104,998Expenses 2022: $1,030,453Net Income 2022: $74,5452022Revenue 2023: $1,195,468Expenses 2023: $1,023,661Net Income 2023: $171,8072023Revenue 2024: $1,356,577Expenses 2024: $1,318,017Net Income 2024: $38,5602024Revenue 2025: $1,486,926Expenses 2025: $1,370,559Net Income 2025: $116,3672025

Highlighted filing

2020

Revenue$735,142
Expenses$709,275
Net Income$25,867
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 27, 2021
Return Version
2020v4.1
Gross Receipts
$735,142
Mission and Program Overview

Mission

Please see attached

PLEASE SEE ATTACHED.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$543,073$692,359▲ $149,286
Rtn Earn Endowment Incm Other Fnds$540,134$537,718▼ $2,416
Total Assets$543,073$692,359▲ $149,286
Liabilities
Unsecured Notes Loans Payable-$149,900-
Other Liabilities$2,939$2,433▼ $506
Accounts Payable and Accrued Expenses-$2,308-
Total Liabilities$2,939$154,641▲ $151,702
Net Assets / Fund Balance
Total Net Assets Fund Balance$540,134$537,718▼ $2,416
Total Liabilities and Net Assets / Fund Balance$543,073$692,359▲ $149,286
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rachel SensenigChair
Kathy WhiteCo-chair
Paul KohlVice Chair
Martha GraceHighest Compensated Employee
Andrew YangUndersecretary
Lauren SmithUndersecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$25,846
Program Service Revenue
$700,673
Investment Income
$1,104
Other Revenue
$7,519
All Other Contributions
$25,846
Change in Net Assets
$25,867
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$367,255
Other Expenses$230,468
Grants and Similar Amounts Paid$111,552
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$332,134--$332,134
Occupancy$157,851--$157,851
Grants to Domestic Orgs$111,552--$111,552
Payroll Taxes$35,121--$35,121
Office Expenses$8,110--$8,110
Insurance$7,611--$7,611
Other Expenses$2,969--$2,969
Information Technology$1,932--$1,932
Fees for Services Accounting$678--$678
Total Functional Expenses$709,275$0$0$709,275
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
Sales Tax and Payroll Tax Liabiltie$2,433
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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 governing body review Part VI line 11

WAS REVIEWED.

Governing documents etc available to public Part VI line 19

Can be seen by public at any time.

Filing and Contact Details

Filer

Filer Name
Circle Venture Inc
EIN
23-2989934
Address
1125 S BROAD STREET STE 2ND FL, PHILADELPHIA, PA 19147

Signing Officer

Name
Martha Grace
Title
Chair
Phone
2154260100
Signed
2021-10-27
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Pa
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
AML Consulting Services
Address
8480 Wyndam Road, Merchantville, NJ 08109
Preparer
Keith A Dailey
Phone
6093133824
Supplemental Narrative

Additional Explanations

Unrelated business income explanation Part V line 3B

Mission statement of circle venturecircle venture is an arm of the circle of hope brethen in christ church created to generate and support opportunities for compassionate service within circle of hope, philadlephia, and the world. Circle venture incorporated under tha pa nonprofit corporation law of 1988 or any successor act for the purpose of enabling circle of hope network of churches to strive for wholess by combating unjust systems and creating opportunities for the poor and oppressed in philadelphia such as jobs, job training, and economic empowerment. Exempt purpose achievements a. Circle thrift- operate a thrift store that sells used clothing and household goods that were donated to the organization. Provided clothing and household goods to hundreds of families in the community of fishtown/east kensington in philadelphia at below market value. Provided job retail training to several underemployed adults. B. Shalom house- an intentional community dedicated to peace with god, peace with self, peace in the community and peace with the world. Provided forums and training about pro-active peacemaking.c. Unda water/water team- this team provided clean water to those who do not have it. They do this through education, service projects, and collaboration with like minded groups. As a part of what they do the team sells bottles of water and gives any profits to create clean water opportunities for people who need it in other places.d. Psalters- this is a program/group that teaches and performs music in a multitude of traditions to teach about peace, grace, and forgiveness. This group also traveled to turkey to learn about different music traditions while developing relationships for possible future and economic development activities. E. Circle counseling- offers a broad spectrum of counseling services designed to provide care for a wide range of mental, emotional and spiritual concerns. Circle counseling strives to keep services affordable to everyone by offering services on a sliding scale. Through work with individuals, couples, and families, circle counseling promotes health, wholeness, and reconciliation. F. Heads together haiti- this group offers opportunities to connect with haiti. We raise money for and support local haitians who work to teach literacy and community leadership among adults and children and to address environmental problems in the community of fayet, haiti.g. English as second language- provide english language classes to people who do not speak english as their first language. H. Brotherly love urban youth services- trained adult and teens on basic computer operating systems, internet searching skills, basic emailing and computer repair. Proovides an open computer classroom and after school tutoring to the community at germantown and chelten avenues in philadelphia.i. Refugee team- the refugee team aims to provide hospitality service and awareness for refugee needs j. Baby goods exchange- we provide free baby goods for people who need them. We open our space for 2 hours once every few months so that families who cannot afford clothes and gear can come and take what they need.k. Urban farm team- a group that sims to resurrect dead or forgotten space in the city and make it life-giving to its neighborhood. We do this through intensive vegetable gardening that is educational, reuses trash materials that litter our streets, provides food for neighborhood families, and simply makes things more beautiful.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISSION STATEMENT OF CIRCLE VENTURECIRCLE VENTURE IS AN ARM OF THE CIRCLE OF HOPE BRETHEN IN CHRIST CHURCH CREATED TO GENERATE AND SUPPORT OPPORTUNITIES FOR COMPASSIONATE SERVICE WITHIN CIRCLE OF HOPE, PHILADLEPHIA, AND THE WORLD. CIRCLE VENTURE INCORPORATED UNDER THA PA NONPROFIT CORPORATION LAW OF 1988 OR ANY SUCCESSOR ACT FOR THE PURPOSE OF ENABLING CIRCLE OF HOPE NETWORK OF CHURCHES TO STRIVE FOR WHOLESS BY COMBATING UNJUST SYSTEMS AND CREATING OPPORTUNITIES FOR THE POOR AND OPPRESSED IN PHILADELPHIA SUCH AS JOBS, JOB TRAINING, AND ECONOMIC EMPOWERMENT. EXEMPT PURPOSE ACHIEVEMENTS A. CIRCLE THRIFT- OPERATE A THRIFT STORE THAT SELLS USED CLOTHING AND HOUSEHOLD GOODS THAT WERE DONATED TO THE ORGANIZATION. PROVIDED CLOTHING AND HOUSEHOLD GOODS TO HUNDREDS OF FAMILIES IN THE COMMUNITY OF FISHTOWN/EAST KENSINGTON IN PHILADELPHIA AT BELOW MARKET VALUE. PROVIDED JOB RETAIL TRAINING TO SEVERAL UNDEREMPLOYED ADULTS. B. SHALOM HOUSE- AN INTENTIONAL COMMUNITY DEDICATED TO PEACE WITH GOD, PEACE WITH SELF, PEACE IN THE COMMUNITY AND PEACE WITH THE WORLD. PROVIDED FORUMS AND TRAINING ABOUT PRO-ACTIVE PEACEMAKING.C. UNDA WATER/WATER TEAM- THIS TEAM PROVIDED CLEAN WATER TO THOSE WHO DO NOT HAVE IT. THEY DO THIS THROUGH EDUCATION, SERVICE PROJECTS, AND COLLABORATION WITH LIKE MINDED GROUPS. AS A PART OF WHAT THEY DO THE TEAM SELLS BOTTLES OF WATER AND GIVES ANY PROFITS TO CREATE CLEAN WATER OPPORTUNITIES FOR PEOPLE WHO NEED IT IN OTHER PLACES.D. PSALTERS- THIS IS A PROGRAM/GROUP THAT TEACHES AND PERFORMS MUSIC IN A MULTITUDE OF TRADITIONS TO TEACH ABOUT PEACE, GRACE, AND FORGIVENESS. THIS GROUP ALSO TRAVELED TO TURKEY TO LEARN ABOUT DIFFERENT MUSIC TRADITIONS WHILE DEVELOPING RELATIONSHIPS FOR POSSIBLE FUTURE AND ECONOMIC DEVELOPMENT ACTIVITIES. E. CIRCLE COUNSELING- OFFERS A BROAD SPECTRUM OF COUNSELING SERVICES DESIGNED TO PROVIDE CARE FOR A WIDE RANGE OF MENTAL, EMOTIONAL AND SPIRITUAL CONCERNS. CIRCLE COUNSELING STRIVES TO KEEP SERVICES AFFORDABLE TO EVERYONE BY OFFERING SERVICES ON A SLIDING SCALE. THROUGH WORK WITH INDIVIDUALS, COUPLES, AND FAMILIES, CIRCLE COUNSELING PROMOTES HEALTH, WHOLENESS, AND RECONCILIATION. F. HEADS TOGETHER HAITI- THIS GROUP OFFERS OPPORTUNITIES TO CONNECT WITH HAITI. WE RAISE MONEY FOR AND SUPPORT LOCAL HAITIANS WHO WORK TO TEACH LITERACY AND COMMUNITY LEADERSHIP AMONG ADULTS AND CHILDREN AND TO ADDRESS ENVIRONMENTAL PROBLEMS IN THE COMMUNITY OF FAYET, HAITI.G. ENGLISH AS SECOND LANGUAGE- PROVIDE ENGLISH LANGUAGE CLASSES TO PEOPLE WHO DO NOT SPEAK ENGLISH AS THEIR FIRST LANGUAGE. H. BROTHERLY LOVE URBAN YOUTH SERVICES- TRAINED ADULT AND TEENS ON BASIC COMPUTER OPERATING SYSTEMS, INTERNET SEARCHING SKILLS, BASIC EMAILING AND COMPUTER REPAIR. PROOVIDES AN OPEN COMPUTER CLASSROOM AND AFTER SCHOOL TUTORING TO THE COMMUNITY AT GERMANTOWN AND CHELTEN AVENUES IN PHILADELPHIA.I. REFUGEE TEAM- THE REFUGEE TEAM AIMS TO PROVIDE HOSPITALITY SERVICE AND AWARENESS FOR REFUGEE NEEDS J. BABY GOODS EXCHANGE- WE PROVIDE FREE BABY GOODS FOR PEOPLE WHO NEED THEM. WE OPEN OUR SPACE FOR 2 HOURS ONCE EVERY FEW MONTHS SO THAT FAMILIES WHO CANNOT AFFORD CLOTHES AND GEAR CAN COME AND TAKE WHAT THEY NEED.K. URBAN FARM TEAM- A GROUP THAT SIMS TO RESURRECT DEAD OR FORGOTTEN SPACE IN THE CITY AND MAKE IT LIFE-GIVING TO ITS NEIGHBORHOOD. WE DO THIS THROUGH INTENSIVE VEGETABLE GARDENING THAT IS EDUCATIONAL, REUSES TRASH MATERIALS THAT LITTER OUR STREETS, PROVIDES FOOD FOR NEIGHBORHOOD FAMILIES, AND SIMPLY MAKES THINGS MORE BEAUTIFUL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WAS REVIEWED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CAN BE SEEN BY PUBLIC AT ANY TIME.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$1.49$1.37$0.12
2024Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$1.36$1.32$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.58$1.50$1.08$1.20$1.02$0.17
2022Detailed filing. Detailed filing data is available for this year.$2.26$1.35$0.91$1.10$1.03$0.07
2021Detailed filing. Detailed filing data is available for this year.$2.34$1.51$0.83$1.18$1.05$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.69$0.15$0.54$0.74$0.71$0.03
2019Summary only. Only limited summary data is available for this year.$0.54$0.00$0.54$1.28$0.94$0.34
2018Summary only. Only limited summary data is available for this year.$0.50$0.00$0.50$1.25$1.20$0.05
2017Summary only. Only limited summary data is available for this year.$0.41$0.00$0.41$1.17$1.11$0.06
2016Summary only. Only limited summary data is available for this year.$0.33$0.01$0.32$1.02$0.67$0.35
2015Summary only. Only limited summary data is available for this year.$0.25$0.00$0.25$0.88$0.89$0.01
2014Summary only. Only limited summary data is available for this year.$0.25$0.00$0.24$0.79$0.69$0.09
2013Summary only. Only limited summary data is available for this year.$0.17$0.00$0.17$0.66$0.64$0.02
2012Summary only. Only limited summary data is available for this year.$0.20$0.01$0.19$0.57$0.53$0.04
2011Summary only. Only limited summary data is available for this year.$0.14$0.00$0.13$0.53$0.52$0.01