NonprofitsCirculate Initiative Inc

Environment

Circulate Initiative Inc

NEW YORK, NY

Total revenue

$2.0M

Total expenses

$2.5M

Net assets

$1.3M

Grants received

$8.3M

11 grants

EIN

834505154

Tax year

2024

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 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.

Programs

2 programs

Provide decisionmakers, investors, and businesses with knowledge, inspiration, networks and resources to replicate and scale successes.

Expenses: $242K

Provide support to existing programs aimed at ending ocean plastic that incentivize, create, support and operate plastic waste-reducing, inclusive, circular economies..

Expenses: $1.4M

Financials

FY 2024

Revenue

Contributions & grants$1.7M
Program service revenue$200K
Investment income$35K
Other revenue
Total revenue$2.0M

Expenses

Grants paid$274K
Salaries & benefits$311K
Fundraising
Other expenses$1.9M
Total expenses$2.5M
Total assets$3.3M
Net assets$1.3M

People

6 listed

NameRoleCompensation

KHUNAPONG KHUNARAKSA

SR. DIRECTOR, FINANCE & OPS

Board

$165K

40 hrs/wk

MICHAEL SADOWSKI

EXEC DIRECTOR AND BOARD MEMBER

Board

$142K

16 hrs/wk

ROBERT KAPLAN

BOARD MEMBER/TREASURER

Board

1 hrs/wk

HEATHER CANON

BOARD MEMBER

Board

1 hrs/wk

ARIEL MULLERTHRU DEC 2024

BOARD MEMBER/SECRETARY

Board

1 hrs/wk

KAVITA PRAKASH-MANI

BOARD MEMBER

Board

1 hrs/wk

Independent contractors

CIRCULATE CAPITAL MANAGEMENT PTE LTD

RESEARCH SERVICES

$222K

PT GOLDEN RATIO FOR REGENERATION

PROGRAM MANAGEMENT

$176K

EISNER ADVISORY GROUP LLC

ACCOUNTING SERVICES

$131K

BALDWIN BOYLE GROUP

PUBLIC RELATIONS

$102K

Grants received

Showing 11 of 11

FromAmountPurposeYear
$1M
Responsible Sourcing of Recycled Plastics Africa
2024
$300K
to support research and development of solutions to address plastic pollution
2024
$400K
GENERAL SUPPORT
2023
$50K
GENERAL OPERATING SUPPORT
2023
$2.8M
PROJECT FUNDING
2022
$400K
GENERAL SUPPORT
2022
$100K
CIVIC, CULTURAL & MISCELLANEOUS
2022
$39K
ENVIRONMENTAL
2022
$2.8M
PROJECT GRANTS
2020
$400K
REDUCE PLASTICS GRANT
2020
$47K
FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS
2020

Funded by

$8.3M from 8 funders · 11 grants · 2020–2024

Alliance To End Plastic Waste Inc

$5.6M · 2 grants · 2020–2022

Pepsico Foundation Inc

$1.2M · 3 grants · 2020–2023

The Coca-Cola Foundation Inc

$1M · 1 grant · 2024

Builders Vision Foundation

$300K · 1 grant · 2024

Kimberly-Clark Foundation

$100K · 1 grant · 2022

American Endowment Foundation

$50K · 1 grant · 2023

Globalgiving Foundation Inc

$47K · 1 grant · 2020

Secondmuse Foundation

$39K · 1 grant · 2022

Details

EIN834505154
NTEE codeC01
Subsection03
Ruling date2019-06
Formed2018
Employees0
Volunteers0
CIRCULATE INITIATIVE INC — Mission, Financials & Grants Received | Grantivo