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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 92-0905366

502CIRCLE NIL COLLECTIVE FOUNDATION

Tax-exempt · ATLANTA, GA 30318

Financials

$679K$618K2023
Revenue Expenses · by fiscal year end
Financials of 502CIRCLE NIL COLLECTIVE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$679,348$618,148$61,200$75,590$0$75,590
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$679,348
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$545,833
Management and general (functional)
$63,127
Fundraising (functional)
$9,188

Balance sheet and other

Total assets, start of year
$14,390
Total assets, end of year
$75,590
Total liabilities, end of year
$0
Net assets, end of year
$75,590
Gross receipts
$679,348
Employees
0
Year formed
2022
State of legal domicile
KY

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, 2023, highest compensation first.

NameTitleHours / weekCompensation
MARC E SPIEGELPRESIDENT
Trustee or director, Officer
5$0

Address and contacts

Address (IRS master file)
2089 BELLRICK RD NW, ATLANTA, GA 30318-3009
Principal officer (990 for 2023)
MARC E SPIEGEL, 2089 BELLRICK ROAD, ATLANTA, GA 30318
Signed the 990
MARC E SPIEGEL, PRESIDENT
Phone
(877) 573-2043
Return prepared by
PENNY L STEWART

Mission

502CIRCLE FOUNDATION IS A NON-PROFIT IN THE CITY OF LOUISVILLE DESIGNED TO POSITION INTERCOLLEGIATE ATHLETES IN THE COMMUNITY TO CREATE AWARENESS AND CHANGE AROUND A VARIETY OF SOCIAL ISSUES. THESE TOPICS ARE MADE UP OF, BUT ARE NOT LIMITED TO HUNGER, CRIME, DRUG USE, MENTAL HEALTH AND SUSTAINABILITY. THESE PROGRAMS HAVE IMPACTED THOUSANDS OF CHILDREN AND FAMILIES THROUGHOUT THE WEST END OF LOUISVILLE, SOUTHERN INDIANA AND A VARIETY OF OTHER LOUISVILLE SUBURBS. ATHLETES HAVE PARTICIPATED IN PROGRAMS WITH DARE TO CARE, LORDS KITCHEN, DELTA FOUNDATION AND OTHERS WHILE HOSTING YOUTH SPORTS CAMPS IN UNDERSERVED AREAS OF TOWN. AS 502CIRCLE FOUNDATION CONTINUES TO GROW FINANCIALLY, THESE OPPORTUNITIES WILL BE LIMITLESS FOR LOUISVILLE ATHLETES AND THE COMMUNITY.

990 for the year ended December 31, 2023

Program accomplishments

  • THE FOUNDATION RECENTLY HELD TWO KIDS' CAMPS IN THE WEST END OF LOUISVILLE, BRINGING TOGETHER AROUND 150 CHILDREN IN EACH CAMP FOR A POSITIVE AND UPLIFTING EXPERIENCE. IN PARTNERSHIP WITH UNIVERSITY OF LOUISVILLE FOOTBALL PLAYERS, WE PROVIDED UNDERPRIVILEGED FAMILIES WITH ESSENTIAL MENTORSHIP ALONG WITH RESOURCES LIKE WATER BOTTLES AND BAGS. THESE CAMPS GAVE KIDS AND THEIR FAMILIES AN OUTLET TO CHANNEL THEIR ENERGY INTO SOMETHING CONSTRUCTIVE, FOSTERING A SENSE OF COMMUNITY AND INSPIRING THEM TO STAY FOCUSED ON THEIR GOALS AND POTENTIAL.
    Expenses $130,000
  • THE FOUNDATION WORKED THROUGH THE DELTA FOUNDATION'S HOOPS AND HOMEWORK PROGRAM, WITH AROUND 50 ATHLETES USING THEIR PLATFORM TO INSPIRE AND SUPPORT LOCAL YOUTH. THIS INITIATIVE COMBINES BASKETBALL WITH ACADEMIC SUPPORT, OFFERING KIDS A CONSTRUCTIVE OUTLET WHILE ENCOURAGING THEM TO STAY FOCUSED ON THEIR EDUCATION AND PERSONAL GROWTH. THE ATHLETES' INVOLVEMENT PROVIDES MENTORSHIP AND MOTIVATION, HELPING TO FOSTER POSITIVE ENERGY BOTH ON AND OFF THE COURT.
    Expenses $100,000
  • THE FOUNDATION HAS PARTNERED WITH DARE TO CARE TO MAKE A SIGNIFICANT IMPACT IN THE COMMUNITY THROUGH ITS MOBILE PANTRY AND FOOD PREPARATION KITCHEN. WITH THE INVOLVEMENT OF AROUND 75 ATHLETES, THIS INITIATIVE HELPS PROVIDE VITAL SUPPORT TO LOCAL SCHOOLS, FAMILIES, AND SHELTERS IN NEED. BY DEISTRIBUTING FOOD AND PREPARING MEALS, 02CIRCLE ATHLETES ARE NOT ONLY HELPING TO ADDRESS FOOD INSECURITY BUT ALSO OFFERING HOPE AND RELIEF TO THOSE FACING DIFFICULT CIRCUMSTANCES, REINFOMRING THE FOUNDATION'S COMMITMNET TO GIVING BACK AND STRENGTHENING THE COMMUNITY.
    Expenses $70,000
  • VARIOUS SMALLER PROJECTS PROVIDING MENTORSHIP TO CHILDREN AND YOUTH IN WEST LOUISVILLE AND UNDERPRIVILEDGED CHILDREN IN SURROUNDINGN AREAS.
    Expenses $245,833

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
92-0905366
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$75,590
Income (IRS master file)
$679,348

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$679,348$618,148$75,590XML

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 502CIRCLE NIL COLLECTIVE FOUNDATION

What is the EIN of 502CIRCLE NIL COLLECTIVE FOUNDATION?
The employer identification number (EIN) of 502CIRCLE NIL COLLECTIVE FOUNDATION is 92-0905366.
Is 502CIRCLE NIL COLLECTIVE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to 502CIRCLE NIL COLLECTIVE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does 502CIRCLE NIL COLLECTIVE FOUNDATION 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 502CIRCLE NIL COLLECTIVE FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did 502CIRCLE NIL COLLECTIVE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of 502CIRCLE NIL COLLECTIVE FOUNDATION?
The 990 for the year ended December 31, 2023 names MARC E SPIEGEL.
Who are the officers and directors of 502CIRCLE NIL COLLECTIVE FOUNDATION?
The 990 for the year ended December 31, 2023 lists 1 person; 0 received compensation from the organization.
How much revenue does 502CIRCLE NIL COLLECTIVE FOUNDATION have?
On its 990 for the year ended December 31, 2023 it reported revenue of $679,348, expenses of $618,148 and total assets of $75,590 at year end.

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