Circulate Initiative Inc
The organization's purpose is to target the reduction of ocean plastics and related environmental pollution and combating environmental deterioration by conducting activity in emerging markets 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.
Key facts about Circulate Initiative Inc
In short: Circulate Initiative Inc reported $105K in grants paid in 2025 (a total; its filing lists no individual grants). Source: 2025 IRS Form 990.
- EIN
- 83-4505154
- Latest 990 filing
- Form 990, 2025
- Grants paid (2025)
- $105,376 — reported as a total on the IRS filing, without an itemized list
- Total assets
- $4,423,831
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$4.4M
+33.1% YoY
Grants Paid (reported total)
$105K
-61.6% YoY
Revenue
$2.1M
+5.1% YoY
Net Investment Income
$18K
-49.5% YoY
About Circulate Initiative Inc
Based on IRS filings
Circulate Initiative Inc is a public charity focused on Environment & Animals, based in New York, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.4M in total assets. In 2025, it reported $105K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $18K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $17K (2023) to $332K (2020). In 2025 it reported $105K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 2 grants of 5 (40%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $4,423,831 | $3,322,495 | $2,268,604 |
| Revenue | $2,074,086 | $1,974,077 | $1,364,382 |
| Expenses | $2,512,766 | $2,510,477 | $2,004,736 |
| Net Investment Income | $17,691 | $35,055 | $20,850 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 14, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS July 27, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Circulate Initiative Inc is led by Michael Sadowski, Executive Director & Board Member since 2021 (on filings since 2020); 2 of 6 officers listed in 2025 are compensated.
Officers on the 2025 filing
Michael Sadowski
Executive Director & Board Member
Board Member → Executive Director & Board Member, 2021
On filings since 2020
16 hrs/week
$4K (2020) → $163K (2025)
Khunapong Khunaraksa
Senior Director, Finance & Ops
Director of Operations & Strategy → Senior Director, Finance & Ops, 2024
On filings since 2021
40 hrs/week
$45K (2021) → $177K (2025)
Robert Kaplan
Board Member & Treasurer
Treasurer → Board Member, 2021
Board Member → Board Member & Treasurer, 2023
On filings since 2020
1 hr/week
No compensation reported
Heather Canon
Board Member
On filings since 2023
1 hr/week
No compensation reported
Kavita Prakash-Mani
Board Member
On filings since 2023
1 hr/week
No compensation reported
Chever Voltmer
Board Member & Secretary
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (6)
- Former: Ariel Mullerthru Dec (2024) — Board Member & Secretary
- Former: Ariel Muller (2021–2023) — Board Member & Secretary
- Former: Jeep Kline (2021–2022) — Board Member
- Former: Todd Khozein - Departed Nov (2021) — Board Member
- Former: Susan L. Ruffo (2020) — Executive Director
- Former: Todd Khozein (2020) — Board Member
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $177K, to Khunapong Khunaraksa (Sr. Director, Finance & Ops). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Circulate Initiative Inc
How much does Circulate Initiative Inc give each year?
Circulate Initiative Inc reported $105K in grants paid in 2025 on its 2025 IRS Form 990, as a total without an itemized list of grants. In 2024 it reported $274K in grants paid.
How large is Circulate Initiative Inc?
Circulate Initiative Inc reported $4.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.1M.
What is Circulate Initiative Inc?
Circulate Initiative Inc is a public charity focused on Environment & Animals, based in New York, NY. It holds $4.4M in total assets as of 2025.
Where does Circulate Initiative Inc operate?
Circulate Initiative Inc has awarded grants in District of Columbia, Georgia, Michigan.
What is Circulate Initiative Inc's EIN?
Circulate Initiative Inc's EIN (Employer Identification Number) is 83-4505154. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
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