Blue Circle Charitable Foundation Inc

Nonprofit profile at a glance

EIN
993225683
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
Boston, MA, USA
Phone
8442375046
Rating
53
Verdict
MIXED
Rating confidence
Moderate
Sector
Health Support Services

Official website

Reported finances

Revenue
$42,879,199
Expenses
$494,649
Assets
$42,838,824
Liabilities
$39,035

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • DR LEONARD D'AVOLIO (DIRECTOR, CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • DR LEONARD D'AVOLIO (DIRECTOR, CHIEF EXECUTIVE OFFICER): $478,314 total reported compensation
  • ROBIN JENSEN (CHIEF OPERATING OFFICER): $344,608 total reported compensation
  • BENJAMIN THOMAS (CHIEF INFORMATION SECURITY OFFICER): $38,880 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To improve the lives of those living with type 1 diabetes (t1d), ensuring they have access to the prescriptions and supplies they need to thrive. Through advocacy, education, and financial assistance, we are committed to breaking down barriers and empowering people to live healthier, fuller lives.

What it reported doing in 2024

Blue circle foundation raises funds and provides a prescription assistance program to provide both direct and indirect financial support to patients of the supported organization who are living at or below approximately three hundred percent of the federal poverty level. Financial support provided by the prescription assistance program can be used by qualifying patients to pay for type 1 diabetes-related prescriptions and medical supplies (e.g., continuous glucose monitors, insulin, glucagon, ketone test strips, and glucose meter lancets).by raising charitable funding and providing direct and indirect financial support to the supported organization and patients of the supported organization, blue circle foundation directly operates and supports activities that empower and improve the health of people living with type 1 diabetes. Our goal is to make a lasting impact on the t1d community.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 31
  • Transparency & Controls: 65
  • Accountability: 85
  • Sustainability: 88
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0.7%; rating input score 1
  • Program expense ratio: 59.1%; rating input score 59
  • Fundraising efficiency: $416.61 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 14th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 98.8%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 86.6; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 96; 96th percentile among comparable filings
  • Officer compensation ratio: 16.8%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0.7% of revenue deployed · 59.1% of spending went to programs
  • Governance: 3 of 4 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $292K in reported program spending
  • Leadership: top reported pay $478K · 8 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 19 of 19 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 1 filing year from 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 1/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Financial Efficiency: Program expense ratio scored 59/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.