Nonprofit · EIN 83-4505154
CIRCULATE INITIATIVE INC
Tax-exempt · NEW YORK, NY 10165
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,074,086 | $2,512,766 | -$438,680 | $4,423,831 | $3,595,095 | $828,736 |
| December 31, 2024 | 990 (amended) | $1,974,077 | $2,510,477 | -$536,400 | $3,322,495 | $2,055,079 | $1,267,416 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,711,987
- Program service revenue
- $344,408
- Investment income
- $17,691
- Net gain from sales of assets
- -$6,051
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $106,476
- Compensation of officers, directors and key employees
- $340,159
- Salaries, compensation and benefits (total)
- $345,191
- Professional fundraising fees
- $0
- Legal fees
- $63,232
- Accounting fees
- $54,299
- Occupancy
- $4,390
- Travel
- $227,393
- Program services (functional)
- $2,298,122
- Management and general (functional)
- $197,103
- Fundraising (functional)
- $17,541
Balance sheet and other
- Total assets, start of year
- $3,322,495
- Total assets, end of year
- $4,423,831
- Total liabilities, end of year
- $3,595,095
- Net assets, end of year
- $828,736
- Net assets without donor restrictions
- $828,736
- Gross receipts
- $2,080,137
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2018
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KHUNAPONG KHUNARAKSA | SR. DIRECTOR, FINANCE & OPS Officer | 40 | $177,209 | $5,032 |
| MICHAEL SADOWSKI | EXEC DIRECTOR AND BOARD MEMBER Trustee or director, Officer | 16 | $162,950 | $0 |
| ROBERT KAPLAN | BOARD MEMBER/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| HEATHER CANON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHEVER VOLTMER | BOARD MEMBER/SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KAVITA PRAKASH-MANI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KHUNAPONG KHUNARAKSA | SR. DIRECTOR, FINANCE & OPS Officer | 40 | $165,293 | $4,314 |
| MICHAEL SADOWSKI | EXEC DIRECTOR AND BOARD MEMBER Trustee or director, Officer | 16 | $141,750 | $0 |
| ROBERT KAPLAN | BOARD MEMBER/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| HEATHER CANON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ARIEL MULLERTHRU DEC 2024 | BOARD MEMBER/SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KAVITA PRAKASH-MANI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 60 E 42ND ST STE 3130, NEW YORK, NY 10165-0057
- In care of
- % THE A TEAM CONSULTANTS
- Principal officer (990 for 2025)
- MICHAEL SADOWSKI, 60 E 42ND ST 3130, NEW YORK, NY 10165
- Signed the 990
- MICHAEL SADOWSKI, EXECUTIVE DIRECTOR
- Phone
- (646) 783-1943
- Return prepared by
- EISNER ADVISORY GROUP LLC
Mission
THE ORGANIZATION'S PURPOSE IS TO TARGET THE REDUCTION OF OCEAN PLASTICS AND RELATED ENVIRONMENTAL POLLUTION AND COMBATING ENVIRONMENTAL DETERIORATION BY CONDUCTING ACTIVITY IN EMERGING MARKETS IN FURTHERANCE OF THE SOCIAL AND ENVIRONMENTAL IMPACTS OF REDUCING THE AMOUNT OF PLASTIC ENTERING THE ENVIRONMENT AND CREATING ECONOMIC VALUE FOR MARGINALIZED LOCAL COMMUNITIES.
Program accomplishments
- END PLASTIC POLLUTION WHILE BUILDING CIRCULAR EQUITABLE ECONOMIES: PROVIDE DECISION MAKERS, INVESTORS, AND BUSINESSES WITH THE KNOWLEDGE, INSPIRATION, NETWORKS AND RESOURCES TO DEVELOP AND SUPPORT PROGRAMS THAT INCENTIVIZE PLASTIC WASTE REDUCTION AND ENABLE INCLUSIVE CIRCULAR ECONOMIES.Expenses $2,298,122 · grants $106,476
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-4505154
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C01)
- Assets (IRS master file)
- $4,423,831
- Income (IRS master file)
- $2,080,137
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,364,382 | $2,004,736 | $2,268,604 | IRS |
| 990 | December 2022 | $4,096,428 | $3,951,480 | $2,645,356 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about CIRCULATE INITIATIVE INC
- What is the EIN of CIRCULATE INITIATIVE INC?
- The employer identification number (EIN) of CIRCULATE INITIATIVE INC is 83-4505154.
- Is CIRCULATE INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to CIRCULATE INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CIRCULATE INITIATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CIRCULATE INITIATIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CIRCULATE INITIATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CIRCULATE INITIATIVE INC?
- The 990 for the year ended December 31, 2025 names MICHAEL SADOWSKI.
- Who are the officers and directors of CIRCULATE INITIATIVE INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 2 received compensation from the organization, the highest $177,209 (KHUNAPONG KHUNARAKSA, SR. DIRECTOR, FINANCE & OPS).
- How much revenue does CIRCULATE INITIATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,074,086, expenses of $2,512,766 and total assets of $4,423,831 at year end.
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