2024-11-15T06:35:04-06:00 2023-12-31 871353108 EISNER ADVISORY GROUP LLC 111 WOOD AVENUE SOUTH ISELIN NJ 088302700 990 2023-01-01 834505154 CIRCULATE INITIATIVE INC CIRC 6467831943 60 EAST 42ND STREET 3130 NEW YORK NY 10165 MICHAEL SADOWSKI EXECUTIVE DIRECTOR 6467831943 2024-11-14 1 0 DOUGLAS TAPP P00200641 7322437000 2023 2024-10-15 13:58:12Z X MICHAEL SADOWSKI 60 E 42ND ST 3130 NEW YORK NY 10165 1369175 0 X WWW.THECIRCULATEINITIATIVE.ORG X 2018 DE THE ORGANIZATION'S PURPOSE IS TO TARGET THE REDUCTION OF OCEAN PLASTICS AND RELATED ENVIRONMENTAL POLLUTION AND COMBATING ENVIRONMENTAL DETERIORATION BY CONDUCTING ACTIVITY IN SOUTH AND SOUTH EAST ASIA THROUGH THREE OF ITS CORE STRATEGIES: INCUBATION AND TECHNICAL ASSISTANCE; IMPACT MEASUREMENT AND KNOWLEDGE MANAGEMENT; AND AMPLIFICATION AND AWARENESS BUILDING 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. 5 3 0 0 0 0 4090780 1191806 0 151726 5648 20850 0 0 4096428 1364382 109900 88444 0 0 232371 304059 0 0 1824 3609209 1612233 3951480 2004736 144948 -640354 2645356 2268604 201186 464788 2444170 1803816 X THE ORGANIZATION'S PURPOSE IS TO TARGET THE REDUCTION OF OCEAN PLASTICS AND RELATED ENVIRONMENTAL POLLUTION AND COMBATTING ENVIRONMENTAL DETERIORATION BY CONDUCTING ACTIVITY IN SOUTH AND SOUTH EAST ASIA THROUGH THREE OF ITS CORE STRATEGIES: INCUBATION AND TECHNICAL ASSISTANCE; IMPACT MEASUREMENT AND KNOWLEDGE MANAGEMENT; AND AMPLIFICATION AND AWARENESS BUILDING 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. 0 0 13839 ENCOURAGE MORE AND BETTER BUSINESSES AND ENTREPRENEURS TO BE INVOLVED IN THE CIRCULAR ECONOMY IN EMERGING COUNTRIES, SUPPORT THEM AS THEY DEVELOP THEIR BUSINESSES AND CREATE THE ENABLING CONDITIONS THEY NEED TO SUCCEED. 426267 PROVIDE FIELD-LEADING TOOLS AND METRICS THAT ALLOW STAKEHOLDERS TO UNDERSTAND THE OCEAN PLASTIC PROBLEM, SET BASELINES AND TARGETS, AND TRACK THE ENVIRONMENTAL AND SOCIAL IMPACTS OF THEIR INTERVENTIONS TO MAKE BETTER DECISIONS. 285531 PROVIDE DECISIONMAKERS, INVESTORS, AND BUSINESSES WITH KNOWLEDGE, INSPIRATION, NETWORKS AND RESOURCES TO REPLICATE AND SCALE SUCCESSES. 769503 PROVIDE SUPPORT TO EXISTING PROGRAMS AIMED AT ENDING OCEAN PLASTIC THAT INCENTIVIZE, CREATE, SUPPORT AND OPERATE PLASTIC WASTE-REDUCING, INCLUSIVE, CIRCULAR ECONOMIES. 769503 1495140 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DE X X PETER RESVANIS CO EISNER ADVISORY GROUP LLC 7322437000 111 WOOD AVE SO STE 600 ISELIN NJ 088302700 ROBERT KAPLAN BOARD MEMBER/TREASURER 1.00 X X 0 0 0 MICHAEL SADOWSKI EXEC DIRECTOR AND BOARD MEMBER 16.00 X X 155300 0 0 HEATHER CANON BOARD MEMBER 1.00 X 0 0 0 ARIEL MULLER BOARD MEMBER/SECRETARY 1.00 X X 0 0 0 KAVITA PRAKASH-MANI BOARD MEMBER 1.00 X 0 0 0 KHUNAPONG KHUNARAKSA DIRECTOR OF OPERATIONS AND STRATEGY 40.00 X 144300 0 4459 299600 0 4459 2 0 1 1 CIRCULATE CAPITAL MANAGEMENT PTE LTD 16 RAFFLES QUAY 19-01 HONG LEONG B SN CONSULTING SERVICES 233318 PT GOLDEN RATIO FOR REGENERATION JL MUNDUK TENGAH NO6 KEL PERERE ID CONSULTING SERVICES 167683 RPCK RASTEGAR PANCHAL LLP 60 EAST 42ND STREET SUITE 3130 NEW YORK NY 10165 LEGAL SERVICES 140488 BALDWIN BOYLE GROUP 112 ROBINSON ROAD 06-03 SN 068902 CONSULTING SERVICES 119592 EISNER ADVISORY GROUP LLC 733 3RD AVENUE NEW YORK NY 10017 ACCOUNTING SERVICES 114225 5 1191806 1191806 CONSULTING 541610 151726 151726 151726 25643 25643 4793 -4793 -4793 -4793 1364382 151726 0 20850 X 17280 17280 71164 71164 299600 181333 118267 4459 4459 159443 159443 260029 138412 121617 4303 4303 201 201 4398 4063 335 3276 486 2790 123141 108893 12424 1824 25629 25039 590 12292 3087 9205 CONSULTING 942974 727129 215845 0 DUES AND SUBSCRIPTIONS 62985 40946 22039 0 PROGRAMMATIC EXPENSE 13562 13562 2004736 1495140 507772 1824 2207740 2087981 400000 126846 37616 53777 2645356 2268604 36199 194396 164987 267767 0 2625 201186 464788 X 2044170 1803816 400000 0 2444170 1803816 2645356 2268604 -640354 0 X 0 1 X 1 0 X 6540474 3204544 3896351 4090780 1191806 18923955 6540474 3204544 3896351 4090780 1191806 18923955 11765101 7158854 1962 276 8318 25643 36199 18960154 151726 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 ACCRUED EXPENSES 2625 2625 X 1364382 0 1364382 0 1364382 2004736 0 2004736 0 2004736 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("I.R.C.") AND IS THEREFORE EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(A) OF THE I.R.C. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. ALL REQUIRED TAX RETURNS HAVE BEEN FILED. THE ORGANIZATION ADHERES TO FASB ASC TOPIC 740, INCOME TAXES, WHICH PROVIDES GUIDANCE AND CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. ACCORDINGLY, MANAGEMENT HAS DETERMINED THAT FOR THE YEAR ENDED DECEMBER 31, 2023 AND 2022, THE ORGANIZATION HAS NO MATERIAL UNCERTAIN TAX POSITIONS TO BE ACCOUNTED FOR IN THE FINANCIAL STATEMENTS. ANNUALLY THE ORGANIZATION FILES AN INFORMATIONAL TAX RETURN WITH THE INTERNAL REVENUE SERVICE. SINCE THEY DO NOT OTHERWISE DIRECTLY SOLICIT FOR DONATIONS, MANAGEMENT IS EVALUATING REGISTRATION AS A CHARITY IN SPECIFIC STATES WHERE GRANT APPLICATIONS HAVE BEEN FILED AND FUNDING FROM THESE DONORS HAS BEEN COLLECTED. THE ORGANIZATION IS GENERALLY SUBJECT TO TAX EXAMINATIONS FOR THREE YEARS AFTER ITS LATEST FILING. 1 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 1 PROGRAM SERVICES OPERATION AND STRATEGY 71164 0 1 0 0 0 1 71164 0 71164 SOUTH ASIA SUPPORT KUMUDA, A DRY WASTE COLLECTION CENTRE OPERATOR AND WASTE PICKER WHOSE CENTRE WAS BURNED DOWN ON MAY 20, 2023 TO REBUILD AND CONTINUE OPERATIONS AND SUPPORT THE SELF-HELP GROUP 10000 TRANSFER 0 BOOK EAST ASIA AND THE PACIFIC PROMOTING SOURCE SEGREGATION FOR INCREASING EFFICIENCY OF CHENNAI'S SOLID WASTE MANAGEMENT SYSTEM 9996 TRANSFER 0 BOOK EAST ASIA AND THE PACIFIC FOR THE IMPLEMENTATION OF ACCELERATE CIRCULAR ECONOMY FOR BUSINESS IN VIETNAM 51168 TRANSFER 0 BOOK 3 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION HAS CONTACT WITH INDIVIDUALS FROM THE FOREIGN ORGANIZATIONS AND RECEIVES WRITTEN UPDATES. PART I, LINE 3: ACCRUAL 1 UNIVERSITY OF GEORGIA RESEARCH FOUNDATION 310 EAST CAMPUS RD TUCKER HALL ATHENS GA 306021589 581353149 501(C)(3) 0 17280 CONDUCT CIRCULARITY ASSESSMENT PROTOCOLS FOR THE URBAN OCEAN PROGRAM 1 1 FORM 990, SCH I, PART I THE ORGANIZATION HAS CONTACT WITH INDIVIDUALS FROM THE GRANTEE ORGANIZATIONS AND RECEIVES WRITTEN UPDATES ON USAGE OF MAJOR GRANTS. X 0 0 0 0 0 0 0 0 0 MICHAEL SADOWSKI EXEC DIRECTOR AND BOARD MEMBER 155300 0 0 0 0 0 0 0 0 0 155300 0 0 0 ROBERT KAPLAN BD MEMBER AND 100% OWNERSHIP INT IN CIRCULATE CAPITAL MANAGEMENT PTE 233318 CONSULTING AGREEMENT WITH CIRCULATE CAPITAL MANAGEMENT PTE 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION GIVES A COPY OF THE 990 TO THE GOVERNING BOARD FOR DISCUSSION AND APPROVAL BEFORE FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION GIVES THE BOARD A CONFLICT OF INTEREST DISCLOSURE FORM TO FILL OUT AND RETURN ANNUALLY. TRANSACTIONS THAT INVOLVE INTERESTED PARTIES ARE REVIEWED AND APPROVAL BY THE INDEPENDENT, DISINTERESTED BOARD MEMBERS WITHOUT THE PARTICIPATION OF THE INTERESTED PARTY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES A REVIEW OF COMPARABLE SALARIES AND PREPARES A STANDARD CONTRACT OF EMPLOYMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE ORGANIZATION DOES MAKE ITS FINANCIAL STATEMENTS AVAILABLE TO THE LIMITED AMOUNT OF PUBLIC IN THE ANNUAL REPORT. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 138,412. MANAGEMENT AND GENERAL EXPENSES 121,617. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 260,029. 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