Civic Intelligence

Circle Venture Inc

990 • Fiscal year 2021 • EIN 23-2989934

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

Organization Profile
2007 Frankford AvePhiladelphia, PA 19125

(215) 423-1222

Siviq Scores

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

Liabilities / Assets

88th percentile

0.64x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

89th percentile

1.28x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

47th percentile

11%

Higher net margin than 47% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

49th percentile

$53,200

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

97th percentile

239%

Faster asset growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

80th percentile

61%

Faster revenue growth than 80% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$2,344,437

Up $1,652,078 (+239%) from 2020

Net Assets

Up

$834,059

Up $296,341 (+55%) from 2020

Liabilities

Up

$1,510,378

Up $1,355,737 (+877%) from 2020

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin47th percentile

Revenue

Up

$1,182,562

Up $447,420 (+61%) from 2020

Expenses

Up

$1,054,633

Up $345,358 (+49%) from 2020

Net Income

Up

$127,929

Up $102,062 (+395%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

2021

Assets$2,344,437
Liabilities$1,510,378
Net Assets$834,059
Open 2021 Filing

Operations Trend

Revenue Growth80th percentile

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

2021

Revenue$1,182,562
Expenses$1,054,633
Net Income$127,929
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.2
Gross Receipts
$1,182,562
Mission and Program Overview

Mission

Please see attached

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$1,487,790-
Cash and Non-Interest-Bearing Accounts$695,531$856,647▲ $161,116
Total Assets$695,531$2,344,437▲ $1,648,906
Liabilities
Unsecured Notes Loans Payable$149,900$1,507,728▲ $1,357,828
Accounts Payable and Accrued Expenses$-2,939$2,650▲ $5,589
Total Liabilities$146,961$1,510,378▲ $1,363,417
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$548,570$834,059▲ $285,489
Total Net Assets Fund Balance$548,570$834,059▲ $285,489
Total Liabilities and Net Assets / Fund Balance$695,531$2,344,437▲ $1,648,906

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,223,675$32,200$1,255,875
Land$221,625-$221,625
Other Land Buildings$42,490$1,119$43,609
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Martha GraceHighest Compensated EmployeeFT$53,200$53,200

Board Members and Trustees

NameTitle
Liz MartinChair
Alison WearVice-Chair
Megan RosenbachTreasurer
Lauren SmithUndersecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$8,661
Program Service Revenue
$1,173,285
Investment Income
$616
Other Revenue
$0
Change in Net Assets
$127,929
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$571,196
Other Expenses$261,637
Grants and Similar Amounts Paid$221,800
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$514,077--$514,077
Grants to Domestic Orgs$221,800--$221,800
Interest$68,846--$68,846
Payroll Taxes$57,119--$57,119
Occupancy$36,198--$36,198
Depreciation Depletion$33,319--$33,319
Insurance$21,096--$21,096
Office Expenses$10,748--$10,748
Other Expenses$2,768--$2,768
Fees for Services Accounting$640--$640
Total Functional Expenses$1,054,633$0$0$1,054,633
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
SimplewayPhiladelphia, PA-local donations$14,000
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
Backup withholding compliance
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
Yes
Management duties delegated
No

Governance Explanations

Member election for additional members Part VI line 7A

“The members meet annually at the board meeting. This is when they would elect new members.”

Governing body decisions Part VI line 7B

“The officers have board meetings where they discuss and approve changes.”

Form 990 governing body review Part VI line 11

“The officers of the non profit are provided a copy of the 990 for their review, prior to filing. The accountant goes over all of their questions with the Chair.”

Governing documents etc available to public Part VI line 19

“The documents are made available tothe public upon request. The Chair would grant this access.”

Filing and Contact Details

Filer

Filer Name
Circle Venture Inc
EIN
23-2989934
Address
2007 Frankford Ave, Philadelphia, PA 19125

Signing Officer

Name
Liz Martin
Title
Chair
Phone
2154231222
Signed
2022-11-09
Discuss with paid preparer
No

Organization Details

Formed
2010
Legal Domicile
Pa
Voting Board Members
4
Independent Board Members
4
Employees
39

Preparer

Firm
A & R Bookkeeping and Tax Services
Address
832 Cinnaminson Avenue, Palmyra, NJ 08065
Preparer
Ryan Grube
Phone
2677563821
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“The nonprofit erroneously didnt add in assets purchased in prior years. This is the equity adjustment surrounding that entry.”

Part III response or note to any other line in Part III

“Mission Statement of Circle Venture Inc:Circle Venture is an arm of Circle of Hope Church created to generate and support opportunities for compassionate service within Circle of Hope, Philadelphia and the world. Circle Venture Incorporated under the PA nonprofit corporation law of 1988 or any successor act for the purpose of enabling Circle of Hope to strive for wholeness by combatting unjust systems and creating opportunities for the poor and oppressed in Philadelphia such as jobs, job training, and economic empowerment.”

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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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IRS990/Desc0A. 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.
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IRS990/ProgSrvcAccomActy2Grp/Desc0D. Urban Farm Team - A group that aims to protect dead or forgotten space in the city of Philadelphia 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, provide food for neighborhoods families and simply makes things more beautiful.
IRS990/ProgSrvcAccomActy3Grp/Desc0C. Baby Goods Exchange - Provides free baby clothing, books, accessories, toys, strollers, etc. to any family that needs them. Each month we create space for families who cannot afford items to come take what they need for free.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0B. Heads Together Haiti - This group offers opportunities to connect with Haiti. They 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.
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt026285
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt022301
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt087158
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt01223675
IRS990ScheduleD/BuildingsGrp/DepreciationAmt032200
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01255875
IRS990ScheduleD/LandGrp/BookValueAmt0221625
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0221625
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt042490
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01119
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt043609
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01487790
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IRS990ScheduleI/RecipientTable/CashGrantAmt014000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0local donations
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Simpleway
IRS990ScheduleI/RecipientTable/RecipientEIN0232936437
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03234 Potter St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Philadelphia
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd019134
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Board reviewed and approved
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The board monitors the people and organizations they send money to. They randomly check in to make sure the donations are being used as planned. This information goes into the annual board meeting where they decide on who/what to donate to.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The members meet annually at the board meeting. This is when they would elect new members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The officers have board meetings where they discuss and approve changes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The officers of the non profit are provided a copy of the 990 for their review, prior to filing. The accountant goes over all of their questions with the Chair.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The documents are made available tothe public upon request. The Chair would grant this access.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The nonprofit erroneously didnt add in assets purchased in prior years. This is the equity adjustment surrounding that entry.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Mission Statement of Circle Venture Inc:Circle Venture is an arm of Circle of Hope Church created to generate and support opportunities for compassionate service within Circle of Hope, Philadelphia and the world. Circle Venture Incorporated under the PA nonprofit corporation law of 1988 or any successor act for the purpose of enabling Circle of Hope to strive for wholeness by combatting unjust systems and creating opportunities for the poor and oppressed in Philadelphia such as jobs, job training, and economic empowerment.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part III response or note to any other line in Part III
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt02344437
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IRS990/TotalAssetsGrp/EOYAmt02344437
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt08661
IRS990/TotalEmployeeCnt039
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt01054633
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0146961
IRS990/TotalLiabilitiesEOYAmt01510378
IRS990/TotalLiabilitiesGrp/BOYAmt0146961
IRS990/TotalLiabilitiesGrp/EOYAmt01510378
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0548570
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0834059
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01054633
IRS990/TotalProgramServiceRevenueAmt01173285
IRS990/TotalReportableCompFromOrgAmt053200
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01173901
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01182562
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IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01507728
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Liz Martin
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum02154231222
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Circle Venture Inc
ReturnHeader/Filer/BusinessNameControlTxt0CIRC
ReturnHeader/Filer/EIN0232989934
ReturnHeader/Filer/USAddress/AddressLine1Txt02007 Frankford Ave
ReturnHeader/Filer/USAddress/CityNm0Philadelphia
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019125
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0822799985
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0A & R Bookkeeping and Tax Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0832 Cinnaminson Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Palmyra
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008065
ReturnHeader/PreparerPersonGrp/PhoneNum02677563821
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ryan Grube
ReturnHeader/ReturnTs02022-11-15T15:50:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Liz
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Martin
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,344,437
Liabilities
$1,510,378
Net assets
$834,059
Revenue
$1,182,562
Expenses
$1,054,633
Net income
$127,929
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