Civic Intelligence

Circesteem Inc.

990 • Fiscal year 2018 • EIN 32-0050649

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 22, 2019

4730 N Sheridan RoadChicago, IL 60640

(773) 732-4564

Siviq Scores

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

Liabilities / Assets

70th percentile

0.16x

Higher debt load relative to assets than 70% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

62nd percentile

0.07x

Higher debt load relative to revenue than 62% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

32nd percentile

-2.8%

Higher net margin than 32% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

88th percentile

$100,800

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

Up

$355,192

Up $255,993 (+258%) from 2010

Net Assets

Up

$298,789

Up $206,251 (+223%) from 2010

Liabilities

Up

$56,403

Up $49,742 (+747%) from 2010

Revenue

$772,591

No earlier filing loaded for comparison.

Expenses

Up

$793,977

Up $410,582 (+107%) from 2010

Net Income

-$21,386

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $99,199Liabilities 2010: $6,661Net Assets 2010: $92,5382010Assets 2018: $355,192Liabilities 2018: $56,403Net Assets 2018: $298,7892018Assets 2019: $586,790Liabilities 2019: $73,472Net Assets 2019: $513,3182019Assets 2020: $823,362Liabilities 2020: $73,931Net Assets 2020: $749,4312020Assets 2021: $1,179,186Liabilities 2021: $102,052Net Assets 2021: $1,077,1342021Assets 2022: $5,442,480Liabilities 2022: $110,881Net Assets 2022: $5,331,5992022Assets 2023: $7,987,711Liabilities 2023: $2,402,065Net Assets 2023: $5,585,6462023Assets 2024: $13,751,177Liabilities 2024: $3,149,457Net Assets 2024: $10,601,7202024

Highlighted filing

2018

Assets$355,192
Liabilities$56,403
Net Assets$298,789

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $383,3952010Revenue 2018: $772,591Expenses 2018: $793,977Net Income 2018: -$21,3862018Revenue 2019: $1,208,271Expenses 2019: $1,032,080Net Income 2019: $176,1912019Revenue 2020: $1,267,369Expenses 2020: $1,048,262Net Income 2020: $219,1072020Revenue 2021: $1,257,880Expenses 2021: $1,187,206Net Income 2021: $70,6742021Revenue 2022: $6,453,635Expenses 2022: $1,917,020Net Income 2022: $4,536,6152022Revenue 2023: $2,074,118Expenses 2023: $2,333,372Net Income 2023: -$259,2542023Revenue 2024: $7,719,221Expenses 2024: $3,043,748Net Income 2024: $4,675,4732024

Highlighted filing

2018

Revenue$772,591
Expenses$793,977
Net Income-$21,386
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 22, 2019
Return Version
2018v3.1
Gross Receipts
$823,583
Mission and Program Overview

Mission

Circesteem's mission is to unite youth from diverse racial, cultural and economic backgrounds and help them build self-esteem and mutual respect through the practice and performance of circus arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$127,323$259,743▲ $132,420
Cash and Non-Interest-Bearing Accounts$191,198$62,690▼ $128,508
Accounts Receivable$14,474$19,904▲ $5,430
Prepaid Expenses and Deferred Charges$8,535$8,625▲ $90
Land, Buildings, and Equipment, Net$7,542$3,230▼ $4,312
Pledges and Grants Receivable$49,600$1,000▼ $48,600
Total Assets$398,672$355,192▼ $43,480
Liabilities
Accounts Payable and Accrued Expenses$31,448$44,835▲ $13,387
Deferred Revenue$12,127$11,568▼ $559
Total Liabilities$43,575$56,403▲ $12,828
Net Assets / Fund Balance
Unrestricted Net Assets$312,797$297,789▼ $15,008
Temporarily Rstr Net Assets$42,300$1,000▼ $41,300
Total Net Assets Fund Balance$355,097$298,789▼ $56,308
Total Liabilities and Net Assets / Fund Balance$398,672$355,192▼ $43,480

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$47,188$47,188
Equipment$3,230$13,949$17,179
Other Securities$259,743--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$217,122$63,500▼ $20,879-$259,743
2017$156,000$61,122--$217,122
2016$156,000---$156,000
2015$106,000$50,000--$156,000
2014-$106,000--$106,000
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Dan RobertsExecutive Director$90,000$10,800$100,800

Board Members and Trustees

NameTitle
Suzy WeinbergPresident
Kafi Moragne-pattersonVice President
Kristin JacksonVice President
Amy HillMember
Bob DenneenMember
Brianna LovettMember
Cat TagerMember
Chris GagelMember
Lisa SilvermanMember
Meredith GeorgeMember
Stacey EmpsonMember
Steve BynumMember
Scott SaefSecretary
Liz KlosterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$403,057
Program Service Revenue
$347,972
Investment Income
$14,176
Other Revenue
$7,386
All Other Contributions
$232,365
Change in Net Assets
$-21,386

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table120$29,490Fair Market Value (FMV)
Total Noncash Contributions120$29,490-

Audited Revenue Reconciliation

Revenue per Audited Statements
$772,591
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-34,922
Total Revenue per Audited Statements
$737,669
Total Revenue per Form 990
$772,591
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$560,900
Other Expenses$233,077
Total Fundraising Expense$44,106
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$306,381$53,173$33,837$393,391
Current Officers, Directors, Trustees, and Key Employees$90,000--$90,000
Payroll Taxes$37,992$5,097$3,243$46,332
Occupancy$30,638$1,138$1,138$32,914
Other Employee Benefits$25,565$3,429$2,183$31,177
Insurance$27,873$1,161-$29,034
Office Expenses$19,042$3,808$2,539$25,389
Travel$9,794--$9,794
Other Expenses$2,315$5,880$630$8,825
Advertising$5,410$1,760-$7,170
All Other Expenses$4,832$1,153$461$6,446
Fees for Services Accounting$5,563--$5,563
Depreciation Depletion$4,312--$4,312
Fees for Services Legal$2,073$848-$2,921
Total Functional Expenses$672,424$77,447$44,106$793,977

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$793,977
Total Expenses per Audited Statements$793,977
Total Expenses per Form 990$793,977
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$50,992
Fundraising Gross Income$48,310
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$119,602$48,310$6,141$42,169
Total Events$119,602$48,310$50,992$-2,682
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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

The organization provides a copy of the 990 to the governing body prior to the board meeting. The 990 is reviewed by the board and any changes or questions are discussed at the board meeting.

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

The board of directors annually reviews and monitors the conflict of interest statements for compliance.

Form 990, Part VI, Section B, Line 15

An individual's annual salary is compared to individuals in similar positions in the geographic region. Reviews are conducted annually and any salary increases are based on performance and comparable salaries. Salary is approved by the execuitve committee.

Form 990, Part VI, Section C, Line 18

The form 990 is available for inspection upon request at the organization's office.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available upon request at the organization's office.

Filing and Contact Details

Filer

Filer Name
Circesteem Inc
EIN
32-0050649
Phone
7737324564
Address
4730 N SHERIDAN ROAD, CHICAGO, IL 60640

Signing Officer

Name
Suzy Weinberg
Title
President
Phone
7737324564
Signed
2019-08-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Suzy Weinberg
Formed
2001
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
Employees
80
Volunteers
40

Preparer

Firm
Porte Brown LLC
Address
845 OAKTON STREET, ELK GROVE VILLAGE, IL 60007
Preparer
Genevra Knight
Phone
8479561040
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The organization has adopted the provisions of asc topic 740, income taxes, relating to the accounting for uncertainty in income taxes. The organization files income tax returns in the u.s. Federal jurisdiction and the state of illinois. Management is not aware of any uncertain tax positions.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
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