2020-11-16T18:22:24-06:00 2019-12-31 061667465 PRAGER METIS CPAS LLC 100 SUNNYSIDE BLVD SUITE 200 WOODBURY NY 11797 990 2019-01-01 834505154 CIRCULATE INITIATIVE INC CIRC 6467831943 CO PATTERSON BELKNAP 1133 6TH AVE NEW YORK NY 10036 ROBERT KAPLAN DIRECTOR 6467831943 2020-11-15 1 THOMAS GALLO P00178916 5169218900 2020-11-15 24.46.242.129 2020-11-15 14:06:23 ES P A2A950397A538CF3CBA6B8A96BB853FF254A1E42 C346360C56490B869A7A3E681A06739F61F2AA1E 2019 2021-01-29 14:40:06Z X ROBERT KAPLAN 1133 6TH AVENUE NEW YORK NY 10036 6540474 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 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. 3 1 0 0 0 0 0 6540474 0 0 0 0 0 0 0 6540474 0 0 0 0 0 0 0 0 2273 0 1616964 0 1616964 0 4923510 0 4984810 0 61300 0 4923510 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 991134 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. 253685 TO PROVIDE ENTREPRENEURS, POLICYMAKERS, AND INVESTORS WITH THE KNOWLEDGE AND SKILLS THEY NEED TO INCENTIVIZE, CREATE, SUPPORT AND OPERATE PLASTIC WASTE-REDUCING, INCLUSIVE, CIRCULAR ECONOMIES. 44185 PROVIDE DECISIONMAKERS, INVESTORS, AND BUSINESSES WITH KNOWLEDGE, INSPIRATION, NETWORKS AND RESOURCES TO REPLICATE AND SCALE SUCCESSES. 16539 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. 16539 1305543 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 X 3 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 DE X X DOMINICK BENCIVENGA CO THE A TEAM CONSULTING 6467831943 15 WEST 36TH ST 11N NEW YORK NY 10018 X ROBERT KAPLAN TREASURER 1.00 X 0 0 0 MICHAEL SADOWSKI BOARD MEMBER 1.00 X 0 0 0 TODD KHOZEIN BOARD MEMBER 1.00 X 0 0 0 SUSAN L RUFFO EXECUTIVE DIRECTOR 40.00 X 0 0 0 0 0 0 0 0 0 1 SECONDMUSE LLC PO BOX 582 BERNALILLO NM 87004 CONSULTING SERVICES 824633 MCDONOUGH INNOVATION LLC 700 EAST JEFFERSON ST CHARLOTTESVILLE VA 22902 CONSULTING SERVICES 248000 CIRCULATE CAPITAL LLC 1133 6TH AVENUE NEW YORK NY 10036 CONSULTING SERVICES 174290 3 6540474 6540474 6540474 0 0 0 X 102050 2117 99933 29922 29922 1243293 1229345 12177 1771 13175 1052 12123 529 529 6258 5632 501 125 OTHER 170951 16729 153856 366 CONTRACTORS 50168 50168 PAYROLL PROCESSING FEES 555 500 44 11 BANK FEES 63 63 1616964 1305543 309148 2273 885719 4096224 1000 1867 0 0 1867 0 4984810 61300 0 61300 X 4923510 0 4923510 0 4984810 4923510 0 X 0 1 X 1 0 X 6540474 6540474 6540474 6540474 666764 5873710 6540474 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1867 1867 1867 X 6540474 0 6540474 0 6540474 1616964 0 1616964 0 1616964 PART X, LINE 2: GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2019, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. X 0 0 0 0 0 0 0 0 0 TODD KHOZEIN BOARD MEMBER AND PRINCIPAL OF SECOND MUSE- A VENDOR WITH LARGE CONTRACT 824633 CONSULTING AGREEMENT WITH SECOND MUSE 0 X 1 50473 FMV 0 1 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, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 1,229,345. MANAGEMENT AND GENERAL EXPENSES 12,177. FUNDRAISING EXPENSES 1,771. TOTAL EXPENSES 1,243,293.