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CIRCULATE INITIATIVE INC
NEW YORK, NY · EIN 834505154 · Form 990 · FY2024 · NTEE C01 · Environment · Medium ($1M-$10M)
revenue
$2.0M
expenses
$2.5M
net assets
$1.3M
employees
0
program ratio
87%
mission · from form 990

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.

profile · synthesized from sources

CIRCULATE INITIATIVE INC is a New York-based nonprofit focused on reducing ocean plastics and environmental pollution, primarily in South and Southeast Asia. The organization advances circular economies through three core strategies: incubation and technical assistance, impact measurement and knowledge management, and amplification and awareness building. It supports entrepreneurs, policymakers, and investors in developing inclusive, plastic waste-reducing systems.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $242K
    PROVIDE DECISIONMAKERS, INVESTORS, AND BUSINESSES WITH KNOWLEDGE, INSPIRATION, NETWORKS AND RESOURCES TO REPLICATE AND SCALE SUCCESSES.
  2. #2 $1.43M
    PROVIDE SUPPORT TO EXISTING PROGRAMS AIMED AT ENDING OCEAN PLASTIC THAT INCENTIVIZE, CREATE, SUPPORT AND OPERATE PLASTIC WASTE-REDUCING, INCLUSIVE, CIRCULAR ECONOMIES..
named programs · 3 · from sources

What they call their work

Amplification and Awareness Building
Equips decision-makers, investors, and businesses with knowledge, networks, and resources to scale successful plastic reduction models.
Impact Measurement and Knowledge Management
Develops and shares field-leading tools and metrics to help stakeholders understand the ocean plastic problem, set targets, and track environmental and social impacts.
Incubation and Technical Assistance
Provides entrepreneurs, policymakers, and investors with knowledge and skills to create and operate inclusive, circular economies that reduce plastic waste.
activities · 2 groups

What they do

  • Toxic Chemicals and Plastics Reform 1 activity
    • Building capacity for circular economies
      Delivers knowledge and skills to entrepreneurs, policymakers, and investors to support the development of plastic waste-reducing, inclusive circular economies.
  • Ocean and Plastic Pollution Research and Reduction 1 activity
    • Providing knowledge, tools, and resources to reduce ocean plastics
      Provides decisionmakers, investors, and businesses with knowledge, tools, metrics, and resources to understand the ocean plastic problem, set baselines and targets, and scale solutions that reduce ocean plastics and track environmental and social impacts.
financials · form 990 · fy2024
revenue
Total revenue$1.97M
Contributions & grants$1.74M88%
Program service revenue$200K10%
Investment income$35K2%
Other revenue$0
expenses
Total expenses$2.51M
Program expenses87%
Admin / overhead13%
Fundraising0%
Salaries & benefits$311K
Grants paid out$274K
Largest expense lineProfessional Fees
balance sheet
Total assets$3.32M
Cash$3.16M
Investments$0
Liabilities$2.06M
Net assets$1.27M
Liquid reserves15.1 mo
4 years on record · 2020–2024 · YoY revenue +44.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
KHUNAPONG KHUNARAKSA SR. DIRECTOR, FINANCE & OPS 40 $170K
MICHAEL SADOWSKI EXEC DIRECTOR AND BOARD MEMBER 16 $142K
board members · 4
  • ARIEL MULLERTHRU DEC 2024 — BOARD MEMBER/SECRETARY
  • HEATHER CANON — BOARD MEMBER
  • KAVITA PRAKASH-MANI — BOARD MEMBER
  • ROBERT KAPLAN — BOARD MEMBER/TREASURER
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Circular Economy Incubation and Advocacy
    methodology: circular_economy_incubation
    By providing incubation, technical assistance, and amplification of best practices, we reduce ocean plastics and advance inclusive circular economies, because supporting local innovators and scaling proven models creates systemic change in high-impact geographies.