Civic Intelligence

Circadium

990 • Fiscal year 2020 • EIN 46-3863900

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 22, 2020

6452 Greene StreetPhiladelphia, PA 19144

(215) 849-1991

Siviq Scores

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

Liabilities / Assets

88th percentile

0.51x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

72nd percentile

0.07x

Higher debt load relative to revenue than 72% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

54th percentile

7.2%

Higher net margin than 54% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

86th percentile

78%

Faster asset growth than 86% of similar nonprofits.

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

Revenue Growth

90th percentile

57%

Faster revenue growth than 90% of similar nonprofits.

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

Assets

Up

$65,195

Up $28,593 (+78%) from 2019

Net Assets

Up

$31,757

Up $33,655 (+1773%) from 2019

Liabilities

Down

$33,438

Down $5,062 (-13%) from 2019

Revenue

Up

$470,572

Up $170,294 (+57%) from 2019

Expenses

Up

$436,917

Up $112,575 (+35%) from 2019

Net Income

Up

$33,655

Up $57,719 (+240%) from 2019

Historical Trend

Balance Sheet Trend

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

$200K$100K$0-$100KAssets 2015: $6,562Liabilities 2015: $10,0002015Assets 2016: $6,147Liabilities 2016: $10,000Net Assets 2016: -$3,8532016Assets 2017: $33,974Net Assets 2017: $33,9742017Assets 2018: $27,652Liabilities 2018: $0Net Assets 2018: $27,6522018Assets 2019: $36,602Liabilities 2019: $38,500Net Assets 2019: -$1,8982019Assets 2020: $65,195Liabilities 2020: $33,438Net Assets 2020: $31,7572020Assets 2021: $63,017Liabilities 2021: $30,717Net Assets 2021: $32,3002021Assets 2022: $74,623Liabilities 2022: $105,435Net Assets 2022: -$30,8122022Assets 2023: $194,542Liabilities 2023: $182,712Net Assets 2023: $11,8302023Assets 2025: $19,323Liabilities 2025: $496Net Assets 2025: $18,8272025

Highlighted filing

2020

Assets$65,195
Liabilities$33,438
Net Assets$31,757

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2015: $9,189Expenses 2015: $5,403Net Income 2015: $3,7862015Revenue 2016: $10,977Expenses 2016: $6,056Net Income 2016: $4,9212016Revenue 2017: $51,781Expenses 2017: $13,954Net Income 2017: $37,8272017Revenue 2018: $201,087Expenses 2018: $207,409Net Income 2018: -$6,3222018Revenue 2019: $300,278Expenses 2019: $324,342Net Income 2019: -$24,0642019Revenue 2020: $470,572Expenses 2020: $436,917Net Income 2020: $33,6552020Revenue 2021: $395,172Expenses 2021: $394,629Net Income 2021: $5432021Revenue 2022: $285,488Expenses 2022: $348,600Net Income 2022: -$63,1122022Revenue 2023: $269,977Expenses 2023: $313,321Net Income 2023: -$43,3442023Revenue 2025: $258,492Expenses 2025: $251,495Net Income 2025: $6,9972025

Highlighted filing

2020

Revenue$470,572
Expenses$436,917
Net Income$33,655
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 22, 2020
Return Version
2019v5.1
Gross Receipts
$473,622
Mission and Program Overview

Mission

The mission of circadium is to provide students with professional training in contemporary circus, and to prepare them for work in circus and related performing arts fields.

Circadium's mission is to cultivate, inspire and innovate contemporary circus in america through the development and support of dedicated artists who will advance this multi-disciplinary art and share with audiences around the world

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$24,608$51,382▲ $26,774
Land, Buildings, and Equipment, Net$11,452$13,271▲ $1,819
Prepaid Expenses and Deferred Charges$542$542→ $0
Total Assets$36,602$65,195▲ $28,593
Liabilities
Other Liabilities$32,000$26,343▼ $5,657
Accounts Payable and Accrued Expenses$6,500$7,095▲ $595
Total Liabilities$38,500$33,438▼ $5,062
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,898$24,628▲ $26,526
Net Assets With Donor Restrictions-$7,129-
Total Net Assets Fund Balance$-1,898$31,757▲ $33,655
Total Liabilities and Net Assets / Fund Balance$36,602$65,195▲ $28,593

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,286$7,545$15,831
Leasehold Improvements$4,985$15$5,000
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shana KennedyExecutive DirectorFT$60,900$60,900

Board Members and Trustees

NameTitle
Brett MandelPresident
Stacy OlkowskiVice-president
Julie GoodmanBoard Member
Kim RooseveltBoard Member
Sandy KyrishBoard Member
Susan DeasyBoard Member
KITSIE O'NEILLAssitant Treasurer
Ali RogersSecretary
Vanessa ThomasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$92,595
Program Service Revenue
$354,716
Investment Income
$0
Other Revenue
$23,261
All Other Contributions
$43,495
Change in Net Assets
$33,655

Audited Revenue Reconciliation

Revenue per Audited Statements
$470,572
Revenue Not Reported on Form 990
$26,197
Total Revenue per Audited Statements
$496,769
Total Revenue per Form 990
$470,572
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$303,336
Other Expenses$133,581
Total Fundraising Expense$44,774
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$153,325$54,759$10,952$219,036
Current Officers, Directors, Trustees, and Key Employees$42,630$15,225$3,045$60,900
Occupancy$29,400$10,500$2,100$42,000
Payroll Taxes$16,380$5,850$1,170$23,400
Fees for Services Accounting$0$9,355$0$9,355
All Other Expenses$1,957$4,491$140$6,588
Insurance$0$6,287$0$6,287
Office Expenses$0$6,246$0$6,246
Travel$4,543$0$0$4,543
Other Expenses$0$3,500$0$3,500
Depreciation Depletion$3,181$0$0$3,181
Advertising$0$0$2,751$2,751
Information Technology$503$180$36$719
Total Functional Expenses$273,364$118,779$44,774$436,917

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$463,114
Expenses per Audited Statements$436,917
Total Expenses per Form 990$436,917
Expenses Not Reported on Form 990$26,197
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$26,311
Fundraising Direct Expenses$3,050
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$26,311$26,311-$26,311
Total Events$26,311$26,311$3,050$23,261
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Tuition$26,343
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Circadium
EIN
46-3863900
Phone
2158491991
Address
6452 GREENE STREET, PHILADELPHIA, PA 19144

Signing Officer

Name
Shana Kennedy
Title
Executive Director
Phone
2158491991
Signed
2020-12-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shana Kennedy
Formed
2013
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
9
Employees
23
Volunteers
0

Preparer

Firm
Ruotolo Spewak & Co
Address
101 CHESTNUT AVE, MOUNT LAUREL, NJ 08054
Preparer
Dustin Ward CPA Mba
Phone
8562731282
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The organization's board of directors review the 990 as a group to verify the amounts reported agree with the organization's audited financial statments for the year and all questions are answered accurately.

Pt VI, Line 12C

The board answers an annual questionaire and signs a conflict of interest policy.

Pt VI, Line 15A

The compensation of the executive director is approved by the board.

Pt VI, Line 19

The organization's governing documents, financial staments and conflict of interest policy are available to the public in the organization's office upon request.

Pt XI

Change of accounting method from cash to accrual basis, see form 3115.

Pt XII, Line 1

Change in accounting method from cash to accrual basis, see form 3115.

Financial Statement Notes

Pt X, Line 2

The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. In addition, the organization qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under section 509(a)(2). Accordingly, no provision for income taxes is provided. The organizaion has reviewed tax positions taken in filings with federal and state jurisdictions and believes those positions would be sustained should the filings be examined by the relevant taxing authority. For federal income tax purposes, the returns remain open for possible examination three years after they are filed. The organization's policy is to recognize interest and penalties on unrecognized tax benefits in other expense in the statement of activities. No interest and penalties were schedule d (form 990) 2019 recorded during the year ended june 30, 2020.

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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt054759
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0153325
IRS990/OtherSalariesAndWagesGrp/TotalAmt0219036
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01170
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05850
IRS990/PayrollTaxesGrp/ProgramServicesAmt016380
IRS990/PayrollTaxesGrp/TotalAmt023400
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0542
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0542
IRS990/PrincipalOfficerNm0SHANA KENNEDY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0354716
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt031291
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt096659
IRS990/PYOtherRevenueAmt024011
IRS990/PYProgramServiceRevenueAmt0244976
IRS990/PYRevenuesLessExpensesAmt0-24064
IRS990/PYSalariesCompEmpBnftPaidAmt0227683
IRS990/PYTotalExpensesAmt0324342
IRS990/PYTotalRevenueAmt0300278
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt033655
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0354716
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt026197
IRS990ScheduleD/DonatedServicesUseFcltsAmt026197
IRS990ScheduleD/EquipmentGrp/BookValueAmt08286
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07545
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015831
IRS990ScheduleD/ExpensesNotReportedAmt026197
IRS990ScheduleD/ExpensesSubtotalAmt0436917
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04985
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt015
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026343
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNEARNED TUITION
IRS990ScheduleD/RevenueNotReportedAmt026197
IRS990ScheduleD/RevenueSubtotalAmt0470572
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS PROVIDED. THE ORGANIZAION HAS REVIEWED TAX POSITIONS TAKEN IN FILINGS WITH FEDERAL AND STATE JURISDICTIONS AND BELIEVES THOSE POSITIONS WOULD BE SUSTAINED SHOULD THE FILINGS BE EXAMINED BY THE RELEVANT TAXING AUTHORITY. FOR FEDERAL INCOME TAX PURPOSES, THE RETURNS REMAIN OPEN FOR POSSIBLE EXAMINATION THREE YEARS AFTER THEY ARE FILED. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN OTHER EXPENSE IN THE STATEMENT OF ACTIVITIES. NO INTEREST AND PENALTIES WERE SCHEDULE D (FORM 990) 2019 RECORDED DURING THE YEAR ENDED JUNE 30, 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013271
IRS990ScheduleD/TotalExpensesPerForm990Amt0436917
IRS990ScheduleD/TotalLiabilityAmt026343
IRS990ScheduleD/TotalRevenuePerForm990Amt0470572
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0496769
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0463114
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NON DISCRIMINATORY POLICY IS PUBLISHED IN STUDENT CATALOG, WHICH IS AVAILABLE ON THE ORGANIZATION'S WEBSITE. NON DISCRIMINATORY POLICY IS PUBLISHED IN STUDENT CATALOG, WHICH IS AVAILABLE ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt03050
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03050
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt03050
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt026311
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt026311
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt026311
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt026311
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt023261
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BOARD OF DIRECTORS REVIEW THE 990 AS A GROUP TO VERIFY THE AMOUNTS REPORTED AGREE WITH THE ORGANIZATION'S AUDITED FINANCIAL STATMENTS FOR THE YEAR AND ALL QUESTIONS ARE ANSWERED ACCURATELY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD ANSWERS AN ANNUAL QUESTIONAIRE AND SIGNS A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STAMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC IN THE ORGANIZATION'S OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CHANGE OF ACCOUNTING METHOD FROM CASH TO ACCRUAL BASIS, SEE FORM 3115.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CHANGE IN ACCOUNTING METHOD FROM CASH TO ACCRUAL BASIS, SEE FORM 3115.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XII, Line 1
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt036602
IRS990/TotalAssetsEOYAmt065195
IRS990/TotalAssetsGrp/BOYAmt036602
IRS990/TotalAssetsGrp/EOYAmt065195
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt092595
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt044774
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0118779
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0273364
IRS990/TotalFunctionalExpensesGrp/TotalAmt0436917
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt038500
IRS990/TotalLiabilitiesEOYAmt033438
IRS990/TotalLiabilitiesGrp/BOYAmt038500
IRS990/TotalLiabilitiesGrp/EOYAmt033438
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1898
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt031757
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0273364
IRS990/TotalProgramServiceRevenueAmt0354716
IRS990/TotalReportableCompFromOrgAmt060900
IRS990/TotalRevenueGrp/ExclusionAmt023261

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