Overview
What is Circulate Initiative Inc?
Circulate Initiative Inc, based in Iselin, New Jersey, is a nonprofit organization that actively promotes and supports businesses and entrepreneurs in emerging countries to participate in the circular economy, particularly in South and South East Asia. Their mission is multifaceted, aiming to reduce ocean plastic pollution, combat environmental degradation, and create economic value for marginalized local communities. They achieve this by implementing three core strategies: Incubation and Technical Assistance, Impact Measurement and Knowledge Management, and Amplification and Awareness Building. Through these strategies, they work to reduce the amount of plastic entering the environment, improve the social and environmental impacts of their efforts, and raise awareness of their work.
Official website here: www.thecirculateinitiative.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 85% - Three-Star out of Four Star Rating
Circulate Initiative Inc has earned a Three-Star rating from Charity Navigator, signifying a strong commitment to accountability and finance. The organization scored 85% in this category, reflecting high standards in several key areas such as financial oversight, policies, and minimal liabilities. The organization has successfully demonstrated transparency by documenting board meeting minutes and having essential policies in place.
One of the notable strengths of Circulate Initiative Inc is its program expense ratio of 88.91%, indicating that a significant majority of its funds are directed towards its programs rather than administrative costs. Additionally, the organization has no reported material diversion of assets, which further emphasizes its financial integrity. The liability to assets ratio is also low at 7.60%, suggesting sound financial management.
However, the fundraising efficiency ratio is relatively low at $0.002, which may indicate challenges in raising funds compared to the amount spent on fundraising activities. This could be a consideration for potential donors looking to understand how effectively the organization mobilizes resources. Overall, Circulate Initiative Inc shows a solid financial foundation but may need to enhance its fundraising strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Circulate Initiative Inc legitimate?
Circulate Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Circulate Initiative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $202,269
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.thecirculateinitiative.org
What is the mission statement of Circulate Initiative Inc?
The mission of Circulate Initiative Inc is to address the issue of ocean plastic pollution and related environmental degradation, primarily in South and South East Asia. This is achieved through three key strategies: incubation and technical assistance, impact measurement and knowledge management, and amplification and awareness building. These strategies aim to reduce the amount of plastic entering the environment, create economic value for marginalized local communities, and contribute to social and environmental impacts. The organization's efforts are focused on combating environmental deterioration and promoting a cleaner, more sustainable future.
Official website here: www.thecirculateinitiative.org
Who is the CEO of Circulate Initiative Inc?
Michael Sadowski is the Board Member of Circulate Initiative Inc.
Official website here: www.thecirculateinitiative.org
What is the revenue of Circulate Initiative Inc?
Circulate Initiative Inc's revenue in 2022 was $4,096,428.
Official website here: www.thecirculateinitiative.org
Who are the executives of Circulate Initiative Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $91,950
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $131,369
- Related: $0
- Other: $3,296
Official website here: www.thecirculateinitiative.org
Where can I find the form 990 for Circulate Initiative Inc?
Circulate Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thecirculateinitiative.org
Learn more at the official website: www.thecirculateinitiative.org
Mission Statement of Circulate Initiative Inc
Circulate Initiative Inc, a non-profit organization, is on a mission to combat environmental deterioration and reduce ocean plastic pollution in South and South East Asia. Through its strategic approach, the organization aims to curb the amount of plastic entering the environment while creating economic value for marginalized local communities.
To achieve this, Circulate Initiative Inc employs three core strategies: incubation and technical assistance, impact measurement and knowledge management, and amplification and awareness building. The incubation and technical assistance strategy involves supporting local initiatives that aim to reduce plastic waste and improve recycling infrastructure. The impact measurement and knowledge management strategy focuses on tracking the success of these initiatives, gathering data, and sharing best practices to inform future efforts. Lastly, the amplification and awareness building strategy aims to raise awareness about the importance of reducing plastic waste and the social and environmental benefits of such initiatives.
In essence, Circulate Initiative Inc is a driving force in the fight against ocean plastic pollution and environmental degradation in South and South East Asia, working to create a more sustainable future for both the environment and marginalized communities.
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Impact
June, 2024
Circulate Initiative Inc is making a significant impact by targeting the reduction of ocean plastics and related environmental pollution, particularly in South and South East Asia. Through its core strategies of incubation and technical assistance, impact measurement and knowledge management, as well as amplification and awareness building, Circulate Initiative is actively working to reduce the amount of plastic entering the environment and creating economic value for marginalized local communities. By encouraging businesses and entrepreneurs to be involved in the circular economy in emerging countries, the organization is contributing towards a cleaner, more sustainable environment.
This information is meant to be a general summary of Circulate Initiative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,648
- Gross Receipts: $4,099,098
Assets and Liabilities:
- Total Assets: $2,645,356
- Total Liabilities: $201,186
- Net Assets: $2,444,170
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Organization Details
Founding Year
2018
Phone
(646) 783-1943Principal Officer
Michael Sadowski
Main Address
EISNER ADVISORY GR 111 WOOD AVE S, ISELIN, NJ, 08830
NTEE Category
Code: C01 - Environment
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