Civic Intelligence

Elephant Circle

990 • Fiscal year 2024 • EIN 47-1648218

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 14, 2025

3548 G RoadPalisade, CO 81526

(303) 902-9402

Siviq Scores

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

Liabilities / Assets

39th percentile

0.06x

Higher debt load relative to assets than 39% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.03x

Higher debt load relative to revenue than 19% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

67th percentile

14%

Higher net margin than 67% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

37th percentile

$98,201

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

92nd percentile

56%

Faster asset growth than 92% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

99%

Faster revenue growth than 91% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,660,766

Up $955,168 (+56%) from 2023

Net Assets

Up

$2,493,869

Up $885,515 (+55%) from 2023

Liabilities

Up

$166,897

Up $69,653 (+72%) from 2023

Revenue

Up

$6,612,739

Up $3,294,249 (+99%) from 2023

Expenses

Up

$5,692,736

Up $2,235,666 (+65%) from 2023

Net Income

Up

$920,003

Up $1,058,583 (+764%) from 2023

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$0Assets 2017: $56,322Liabilities 2017: $02017Assets 2018: $61,756Liabilities 2018: $02018Assets 2019: $124,355Liabilities 2019: $02019Assets 2020: $323,744Liabilities 2020: $0Net Assets 2020: $323,7442020Assets 2021: $511,888Liabilities 2021: $5,299Net Assets 2021: $506,5892021Assets 2022: $1,757,109Liabilities 2022: $10,950Net Assets 2022: $1,746,1592022Assets 2023: $1,705,598Liabilities 2023: $97,244Net Assets 2023: $1,608,3542023Assets 2024: $2,660,766Liabilities 2024: $166,897Net Assets 2024: $2,493,8692024

Highlighted filing

2024

Assets$2,660,766
Liabilities$166,897
Net Assets$2,493,869

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $86,477Expenses 2017: $56,970Net Income 2017: $29,5072017Revenue 2018: $68,829Expenses 2018: $63,395Net Income 2018: $5,4342018Revenue 2019: $147,052Expenses 2019: $81,799Net Income 2019: $65,2532019Revenue 2020: $325,869Expenses 2020: $126,480Net Income 2020: $199,3892020Revenue 2021: $752,079Expenses 2021: $569,234Net Income 2021: $182,8452021Revenue 2022: $2,293,991Expenses 2022: $1,054,420Net Income 2022: $1,239,5712022Revenue 2023: $3,318,490Expenses 2023: $3,457,070Net Income 2023: -$138,5802023Revenue 2024: $6,612,739Expenses 2024: $5,692,736Net Income 2024: $920,0032024

Highlighted filing

2024

Revenue$6,612,739
Expenses$5,692,736
Net Income$920,003
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.0
Gross Receipts
$6,612,739
Mission and Program Overview

Mission

Inspired by elephants who give birth within a circle of support, we envision a world where all people have a circle of support for their entire perinatal period. Birth justice occurs when everyone is equally capable of self-determination during the perinatal period, when their self- determination is supported and amplified.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,462,691$2,140,886▲ $678,195
Accounts Receivable$119,787$506,777▲ $386,990
Savings and Temporary Cash Investments$110,391--
Land, Buildings, and Equipment, Net$11,600$8,700▼ $2,900
Inventories for Sale or Use$1,129$4,403▲ $3,274
Total Assets$1,705,598$2,660,766▲ $955,168
Liabilities
Accounts Payable and Accrued Expenses$26,565$166,897▲ $140,332
Unsecured Notes Loans Payable$70,679--
Total Liabilities$97,244$166,897▲ $69,653
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$425,184$1,310,699▲ $885,515
Net Assets With Donor Restrictions$1,183,170$1,183,170→ $0
Total Net Assets Fund Balance$1,608,354$2,493,869▲ $885,515
Total Liabilities and Net Assets / Fund Balance$1,705,598$2,660,766▲ $955,168

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,700$5,800$14,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Indra LuseroExecutive DiFT$98,201$98,201

Board Members and Trustees

NameTitle
Lyz Riley SandersPresident
Angela MorenoDirector
Demetra SerikiDirector
Lorena GarciaDirector
Amanda CoslorSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Full Circle Consulting LLCStrategic Plan10 FERRY STREET SUITE 305, Concord, NH 03301$153,898
Adroit Consultancy LLCStrategic Plan8401 N INTERSTATE 35, Austin, TX 78753$149,936
Revenue and Support

Revenue Composition

Contributions and Grants
$4,759,308
Program Service Revenue
$1,834,301
Investment Income
$9,541
Other Revenue
$9,589
All Other Contributions
$4,750,117
Change in Net Assets
$920,003

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 Amount
Securities Publicly Traded1$152,606
Total Noncash Contributions1$152,606
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,939,682
Salaries, Compensation, and Employee Benefits$1,734,462
Total Fundraising Expense$18,275
Professional Fundraising Fees$18,000
Grants and Similar Amounts Paid$592

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,771,292$18,885-$1,790,177
Other Salaries and Wages$647,737$815,463-$1,463,200
Occupancy$328,692$1,244-$329,936
Payroll Taxes$62,331$78,466-$140,797
Office Expenses$94,239$15,268$275$109,782
Current Officers, Directors, Trustees, and Key Employees$43,474$54,727-$98,201
Fees for Services Lobbying$67,500--$67,500
Fees for Services Accounting-$65,333-$65,333
Fees for Services Legal$44,352$5,298-$49,650
Conferences and Meetings$43,418--$43,418
Other Expenses$135,822$36,840-$36,840
Travel$27,158$8,964-$36,122
Insurance$18,646$9,600-$28,246
Fees for Services Management$16,993$10,588-$27,581
Pension Plan Contributions$9,291$11,696-$20,987
Fees for Services Professional Fundraising--$18,000$18,000
Advertising$15,523$926-$16,449
Other Employee Benefits$4,992$6,285-$11,277
Information Technology$2,138$7,312-$9,450
Interest-$3,066-$3,066
Depreciation Depletion$2,900--$2,900
Grants to Domestic Individuals$592--$592
Total Functional Expenses$4,499,552$1,174,909$18,275$5,692,736
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$18,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 is emailed to all board members prior to filing with the irs.

Form 990, Page 6, Part VI, Line 12C

Board members are asked regularly if any potential conflicts exist. When a potential conflict is brought to the attention of the board, it is discussed, and the member with a conflict recuses themselves from any votes on the matter.

Form 990, Page 6, Part VI, Line 19

Governing and financial documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Elephant Circle
EIN
47-1648218
Phone
3039029402
Address
3548 G ROAD, PALISADE, CO 81526

Signing Officer

Name
Indra Lusero
Title
Executive Director
Phone
3039029402
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Indra Lusero
Formed
2017
Legal Domicile
Co
Voting Board Members
3
Independent Board Members
3
Employees
27

Preparer

Firm
Taylor Roth and Company
Address
1580 LINCOLN ST STE 520, DENVER, CO 80203-1517
Preparer
Ken Roth
Phone
3038308109
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Inspired by elephants who give birth within a circle of support, we envision a world where all people have a circle of support for their entire perinatal period. Birth justice occurs when everyone is equally capable of self-determination during the perinatal period, when their self- determination is supported and amplified.

Form 990, Page 2, Part III, Line 4A

Prior to incorporation in 2018, elephant circle was fiscally sponsored for nine years. We see fiscal sponsorship as a key part of movement building and sustainability, and our mission. We call this part of our work the birth justice sustainability hub. We recognize that businesses of all kinds, including non-profits often replicate systems and processes that uphold power imbalances. Fiscal sponsorship is particularly vulnerable to these patterns since it involves business formation with the added complexity of tax law. Our goal is to do fiscal sponsorship in a way that lessens the barriers to entry for innovative projects, interrupts unfair systems, and demonstrates alternative ways of managing change, risk, and power. We believe that people who have been excluded from or neglected by the status quo, and who are directly impacted and most proximate to the problem, hold some of the most important ideas and solutions, and need legal, tax and accounting systems to work for them. We leverage our legal, tax and accounting infrastructure, combine it with our birth justice expertise, and collaborate with mission-aligned people to create a hub that can sustain our collective work.

Form 990, Page 2, Part III, Line 4D

Ec's public health law and advocacy work addresses legal and policy issues that can promote health and wellbeing in the perinatal period impacting multiple generations at once. This work includes individual legal services and consultation, and state-based national policy work, community organizing and advocacy.

Form 990, Part IX, Line 11G

Doula services 531,830 0 0 other program contractors 390,773 562 0 operations/strategic planning 349,615 0 0 graphic design/marketing 29,917 0 0 interpretation/translation 19,167 0 0 contractors/consultants 17,945 0 0 honoraria & awards 13,279 824 0 grantwriting/fundraising 0 13,769 0 teachers & trainers 10,215 0 0 hr contractors 6,000 0 0 event support 2,790 0 0 advisory fees 0 2,150 0 administrative 850 0 0 fsp fees 51,211 0 0 payroll fees 0 1,580 0 model c fsp contractors 347,700 0 0 total 1,771,292 18,885 0

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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04992
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IRS990/OtherExpensesGrp/Desc0DIRECT PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc1OTHER FSP CONTRACTORS
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/Desc3OTHER
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt120000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt236840
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IRS990/OtherExpensesGrp/ProgramServicesAmt1291922
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt011696
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IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0HEALTH CARE SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1FISCAL SPONSOR FEE
IRS990/ProgramServiceRevenueGrp/Desc2FACILITATION & SPEAKING FEES
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IRS990/ProgSrvcAccomActy2Grp/Desc0EC'S MOVEMENT BUILDING WORK STRIVES TO INCREASE INNOVATION IN THE FIELD BY SUPPORTING INFRASTRUCTURE FOR EMERGING PROJECTS AND IDEAS, ESPECIALLY THOSE THAT ARE COMMUNITY BASED AND LED BY PEOPLE WHO ARE DIRECTLY-IMPACTED.
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IRS990/ProgSrvcAccomActy3Grp/Desc0EC'S COMMUNITY POWER WORK IS ABOUT BUILDING POWER AMONG THOSE MOST MARGINALIZED DURING THE PERINATAL PERIOD, MEETING PEOPLE WHERE THEY ARE AT AND INCREASING THEIR CAPACITY FOR ATTUNED SUPPORT AND PROTECTIVE DEFENSE. THIS WORK INCLUDES RELATIONSHIP BUILDING, BIRTHWORKER TRAININGS AND DIRECT ASSISTANCE
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt047684
IRS990/ProgSrvcAccomActyOtherGrp/Desc0EC'S PUBLIC HEALTH LAW AND ADVOCACY WORK ADDRESSES LEGAL AND POLICY ISSUES THAT CAN PROMOTE HEALTH AND WELLBEING IN THE PERINATAL PERIOD IMPACTING MULTIPLE GENERATIONS AT ONCE. THIS WORK INCLUDES INDIVIDUAL LEGAL SERVICES AND CONSULTATION, AND STATE-BASED NATIONAL POLICY WORK, COMMUNITY ORGANIZING AND ADVOCACY.
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IRS990ScheduleA/PublicSupportPY170Pct00.95510
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IRS990ScheduleA/TotalSupportAmt010179900
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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0ELEPHANT CIRCLE MAINTAINS LOBBYISTS TO MONITOR AND RESPOND TO LEGISLATION RELATED TO CHILDBIRTH.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART II-B, LINE 1
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IRS990ScheduleG/EmailSolicitationsInd0X
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IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0ENGLISH HUDSON
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IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt02382 GENERATION DRIVE
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0RESTON
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0VA
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IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/TotalNetToOrganizationAmt0-18000
IRS990ScheduleG/TotalRetainedByContractorsAmt018000
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt0OPERATING GRANT
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0A MOTHER'S CHOICE
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt011853
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD MEMBER
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt0CASH AID
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0DURING THE YEAR THE ORGANIZATION PROVIDED ASSISTANCE TO A MOTHER'S CHOICE, A PERINATAL OPEN ACCESS CLINIC THAT HAS BOTH AN LLC AND INC OWNED BY A BOARD MEMBER (WHO COMPLETED HER BOARD SERVICE IN THE FALL OF 2024).THE MISSION OF A MOTHER'S CHOICE COMPLEMENTS THE MISSION OF ELEPHANT CIRCLE AND A MOTHER'S CHOICE INTENDS TO APPLY FOR 501C3 STATUS IN THE FUTURE. DURING THE YEAR GRANTS IN THE AMOUNT OF 11,853.23 WERE PAID TO A MOTHER'S CHOICE TO SUPPORT ITS CHARITABLE WORK. THE BOARD OF DIRECTORS EVALUATED THESE ACTIVITIES AND DETERMINED THEY WERE IN THE BEST INTEREST OF THE ORGANIZATION AND SERVED ITS MISSION.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false

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