2025-07-15T10:20:10-05:00 2024-12-31 223840651 SCHULMAN LOBEL LLP 1001 AVENUE OF THE AMERICAS 2ND FLOOR NEW YORK NY 10018 990 2024-01-01 843906295 ACCELERATING CIRCULARITY INC ACCE 9174103188 22 E MAIN ST 1006 MIDDLE TOWN NY 10940 KARLA MAGRUDER PRESIDENT 9174103188 2025-07-10 1 1 ADAM REISS P01776010 2128685781 2024 2025-03-06 01:10:19Z KARLA MAGRUDER 22 E MAIN ST 1006 MIDDLE TOWN NY 10940 835976 0 X WWW.ACCELERATINGCIRCULARITY.ORG X 2019 DE OPERATES FOR THE CHARITABLE, EDUCATION AND SCIENTIFIC PURPOSES OF TRANSFORMING TEXTILE SUPPLY CHAINS FROM LINEAR TO CIRCULAR, THEREBY REDUCING TEXTILE WASTE AND HELPING THE ENVIRONMENT. 7 5 9 0 0 0 1500000 15000 845227 748252 20034 72088 2138 636 2367399 835976 0 0 0 0 635413 774020 0 0 133058 654735 696971 1290148 1470991 1077251 -635015 3040385 2333264 157555 85449 2882830 2247815 TO ESTABLISH SYSTEMS THAT WILL USE THE EMBEDDED VALUE AND RESOURCES IN EXISTING TEXTILES FOR NEW PRODUCTS, REDUCING THE MILLIONS OF TONS OF TEXTILE WASTE ANNUALLY GOING INTO LANDFILLS AND THEREBY SUPPORTING THE REDUCTION OF THE INDUSTRY'S GHG EMISSIONS. 0 0 1078364 THE EXPENSES AS REPORTED IN PART IX WERE INCURRED TO TRANSFORM TEXTILE SUPPLY CHAINS FROM LINEAR TO CIRCULAR, THEREBY REDUCING TEXTILE WASTE AND HELPING THE ENVIRONMENT. 1078364 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X ALINA RENSCH 9174103188 22 MAIN ST SUITE 1006 MIDDLE TOWN NY 10940 KARLA MAGRUDER PRESIDENT 40.00 X X 225000 0 0 EDWARD DENES TREASURER 0.50 X X 0 0 0 TRICIA CAREY SECRETARY 0.50 X X 0 0 0 ALICE HARTLEY DIRECTOR 0.50 X 0 0 0 EILEEN MOCKUS DIRECTOR 0.50 X 0 0 0 STEVEN BETHELL DIRECTOR 0.50 X 0 0 0 SHELLY GOTTSCHAMER VICE PRESIDENT 40.00 X X 160000 0 0 385000 0 0 2 0 1 0 0 15000 15000 PROGRAM SERVICE FEES 541610 622138 622138 CONSULTING INCOME 541610 126114 126114 748252 72088 72088 GAIN ON FOREIGN CURREN 900099 636 636 636 835976 748252 0 72724 X 385000 250250 77000 57750 308661 200630 61732 46299 48349 31427 9670 7252 32010 20806 6402 4802 10499 10499 26989 26989 346223 346223 10166 10166 110161 71605 22032 16524 5573 5573 PROGRAM EXPENSES 145058 145058 MARKETING AND COMMUNICA 30033 30033 SOFTWARE LICENSES 9398 9398 PAYROLL PROCESSING FEES 2871 1866 574 431 1470991 1078364 259569 133058 2889053 2195956 40721 0 109944 137308 667 0 3040385 2333264 157555 85449 157555 85449 X 1378749 1117976 1504081 1129839 2882830 2247815 3040385 2333264 -635015 0 X 1 X 0 0 0 X 1638390 764523 253997 1500000 15000 4171910 1638390 764523 253997 1500000 15000 4171910 2792011 1379899 50 20034 72088 92172 30000 20100 831044 845227 748252 2474623 6738705 0.20480 X SCHEDULE A PART VI THE ORGANIZATION RECEIVED A LARGE DONATION FROM A FOUNDATION IN 2023 AMOUNTING TO $1,500,000 THAT IS NOT EXPECTED TO BE RECEIVED ON AN ANNUAL BASIS. THE SIGNIFICANT FUNDING WAS RECEIVED SOLELY TO SUPPORT THE ORGANIZATION'S KEY PROGRAMMATIC ACTIVITIES OVER A THREE YEAR PERIOD. EXCLUDING THIS UNUSUAL GRANT AMOUNT WOULD RESULT IN A PUBLIC SUPPORT PERCENTAGE FOR 2024 AMOUNTING TO 42.74%. THE ORGANIZATION'S MANAGEMENT AND BOARD OF DIRECTORS HAVE PREVIOUSLY IMPLEMENTED ALL THE REQUIRED GOVERNANCE POLICIES PRIOR TO RAISING ANY FUNDS FROM THE GENERAL PUBLIC. ADDITIONALLY, THE ORGANIZATION'S MANAGEMENT AND BOARD OF DIRECTORS HAVE DEVELOPED A FORMAL PLAN FOR RAISING CONTRIBUTIONS FROM A DIVERSIFIED GROUP OF DONORS ON AN ANNUAL BASIS WITH THE GOAL OF MEETING THE 33 1/3% PUBLIC SUPPORT TEST IN THE FUTURE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X FORM 990, PART XIII, LINE 2 THE ORGANIZATION IS REQUIRED TO DISCLOSE UNRECOGNIZED TAX BENEFITS RESULTING FROM UNCERTAIN TAX POSITIONS. AT DECEMBER 31, 2024, THE ORGANIZATION DID NOT HAVE ANY UNRECOGNIZED TAX BENEFITS OR LIABILITIES. THE ORGANIZATION OPERATES IN THE UNITED STATES AND IN STATE AND LOCAL JURISDICTIONS, AND THE PREVIOUS THREE YEARS REMAIN SUBJECT TO EXAMINATION BY TAX AUTHORITIES. THERE ARE PRESENTLY NO ONGOING INCOME TAX EXAMINATIONS. 0 0 0 0 0 0 0 0 0 KARLA MAGRUDER PRESIDENT 225000 0 0 0 0 0 0 0 0 0 225000 0 0 0 SHELLY GOTTSCHAMER VICE PRESIDENT 160000 0 0 0 0 0 0 0 0 0 160000 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - EACH DIRECTOR WAS PROVIDED A COPY OF THE FORM 990 PRIOR TO FILING. THE PRESIDENT AND INDEPENDENT CPA WERE AVAILABLE TO ANSWER ANY QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND TRUSTEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. OFFICERS AND TRUSTEES ARE ALSO REQUIRED TO DISCLOSE AT BOARD MEETINGS ANY CHANGE SINCE SIGNING THE DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 346,223. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 346,223.