Civic Intelligence

Centerstate CEO Foundation Inc

EIN 22-2305294 • 501(c)3 • Syracuse, NY

Profile

To promote central new york as a favorable business climate.

115 West Fayette StreetSyracuse, NY 13202

www.centerstateceo.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.37x

Higher debt load relative to assets than 81% of similar nonprofits.

NTEE W • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

1.86x

Higher debt load relative to revenue than 93% of similar nonprofits.

NTEE W • $1M-$5M nonprofits • Source year 2024

Net Margin

11th percentile

-37%

Higher net margin than 11% of similar nonprofits.

NTEE W • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$434,054

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 139.8% of source-year revenue.

NTEE W • $1M-$5M nonprofits • Source year 2024

Asset Growth

5th percentile

-30%

Faster asset growth than 5% of similar nonprofits.

NTEE W • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-59%

Faster revenue growth than 4% of similar nonprofits.

NTEE W • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,547,973

Down $670,948 (-30%) from 2023

Liabilities

Down

$577,520

Down $376,966 (-39%) from 2023

Net Assets

Down

$970,453

Down $293,982 (-23%) from 2023

Revenue

Down

$310,542

Down $444,281 (-59%) from 2023

Expenses

Down

$426,992

Down $229,718 (-35%) from 2023

Net Income

Down

-$116,450

Down $214,563 (-219%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $174,102Liabilities 2010: $163,026Net Assets 2010: $11,0762010Assets 2011: $306,314Liabilities 2011: $295,238Net Assets 2011: $11,0762011Assets 2012: $249,749Liabilities 2012: $235,141Net Assets 2012: $14,6082012Assets 2013: $307,035Liabilities 2013: $170,319Net Assets 2013: $136,7162013Assets 2014: $578,786Liabilities 2014: $200,362Net Assets 2014: $378,4242014Assets 2015: $2,957,266Liabilities 2015: $2,525,570Net Assets 2015: $431,6962015Assets 2016: $2,901,304Liabilities 2016: $2,177,821Net Assets 2016: $723,4832016Assets 2017: $2,229,923Liabilities 2017: $1,535,880Net Assets 2017: $694,0432017Assets 2018: $2,462,563Liabilities 2018: $1,485,731Net Assets 2018: $976,8322018Assets 2019: $3,246,485Liabilities 2019: $2,468,335Net Assets 2019: $778,1502019Assets 2020: $1,558,938Liabilities 2020: $401,003Net Assets 2020: $1,157,9352020Assets 2021: $1,524,975Liabilities 2021: $429,467Net Assets 2021: $1,095,5082021Assets 2022: $1,983,596Liabilities 2022: $817,905Net Assets 2022: $1,165,6912022Assets 2023: $2,218,921Liabilities 2023: $954,486Net Assets 2023: $1,264,4352023Assets 2024: $1,547,973Liabilities 2024: $577,520Net Assets 2024: $970,4532024

Highlighted filing

2024

Assets$1,547,973
Liabilities$577,520
Net Assets$970,453

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $280,8412010Expenses 2011: $335,6432011Revenue 2012: $598,154Expenses 2012: $594,622Net Income 2012: $3,5322012Revenue 2013: $446,929Expenses 2013: $324,821Net Income 2013: $122,1082013Revenue 2014: $494,081Expenses 2014: $252,373Net Income 2014: $241,7082014Revenue 2015: $429,160Expenses 2015: $375,888Net Income 2015: $53,2722015Revenue 2016: $772,026Expenses 2016: $480,239Net Income 2016: $291,7872016Revenue 2017: $225,189Expenses 2017: $254,629Net Income 2017: -$29,4402017Revenue 2018: $391,304Expenses 2018: $108,515Net Income 2018: $282,7892018Revenue 2019: $20,374Expenses 2019: $219,056Net Income 2019: -$198,6822019Revenue 2020: $456,515Expenses 2020: $284,062Net Income 2020: $172,4532020Revenue 2021: $245,775Expenses 2021: $304,393Net Income 2021: -$58,6182021Revenue 2022: $232,388Expenses 2022: $254,806Net Income 2022: -$22,4182022Revenue 2023: $754,823Expenses 2023: $656,710Net Income 2023: $98,1132023Revenue 2024: $310,542Expenses 2024: $426,992Net Income 2024: -$116,4502024

Highlighted filing

2024

Revenue$310,542
Expenses$426,992
Net Income-$116,450

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.58$0.97$0.31$0.43$0.12
2023Summary only. Only limited summary data is available for this year.$2.22$0.95$1.26$0.75$0.66$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.82$1.17$0.23$0.25$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.52$0.43$1.10$0.25$0.30$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$0.40$1.16$0.46$0.28$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.25$2.47$0.78$0.02$0.22$0.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.46$1.49$0.98$0.39$0.11$0.28
2017Summary only. Only limited summary data is available for this year.$2.23$1.54$0.69$0.23$0.25$0.03
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.90$2.18$0.72$0.77$0.48$0.29
2015Detailed filing. Detailed filing data is available for this year.$2.96$2.53$0.43$0.43$0.38$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.58$0.20$0.38$0.49$0.25$0.24
2013Detailed filing. Detailed filing data is available for this year.$0.31$0.17$0.14$0.45$0.32$0.12
2012Summary only. Only limited summary data is available for this year.$0.25$0.24$0.01$0.60$0.59$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.30$0.01$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.16$0.01$0.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 25, 2025
Return Version
2024v5.2
Gross Receipts
$310,542
Mission and Program Overview

Mission

To promote central new york as a favorable business climate.

To attract philanthropic support for centerstate ceo programs that remove barriers to economic prosperity for people and places. These programs help residents access quality jobs, inclusive workplaces, and entrepreneurship opportunities, as well as build vibrant neighborhood business centers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$941,035$876,000▼ $65,035
Investments Program Related$577,808$460,461▼ $117,347
Other Notes and Loans Receivable, Net$118,324$171,602▲ $53,278
Accounts Receivable$86,500$0▼ $86,500
Savings and Temporary Cash Investments$11,274$11,277▲ $3
Prepaid Expenses and Deferred Charges$1,719$1,796▲ $77
Total Assets$2,218,921$1,547,973▼ $670,948
Other Assets Total$482,261$26,837▼ $455,424
Liabilities
Deferred Revenue$424,062$423,300▼ $762
Other Liabilities$374,431$152,220▼ $222,211
Accounts Payable and Accrued Expenses$155,993$2,000▼ $153,993
Total Liabilities$954,486$577,520▼ $376,966
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$881,898$733,833▼ $148,065
Net Assets With Donor Restrictions$382,537$236,620▼ $145,917
Total Net Assets Fund Balance$1,264,435$970,453▼ $293,982
Total Liabilities and Net Assets / Fund Balance$2,218,921$1,547,973▼ $670,948

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$460,461--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marian FrancherSenior Director of Finance--$117,792$117,792
Kelly FurmarolaExecutive DirectorPT$40,396$58,139$98,535
Lori DietzSVP of Administration & Hu--$97,397$97,397
Ben SioSVP-$14,682$3,860$18,542
Robert SimpsonPresident-$14,042$3,134$17,176

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$298,594
Program Service Revenue
$0
Investment Income
$11,111
Other Revenue
$837
All Other Contributions
$298,594
Change in Net Assets
$-116,450
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$348,438
Salaries, Compensation, and Employee Benefits$78,554
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$284,976--$284,976
Current Officers, Directors, Trustees, and Key Employees$78,554--$78,554
Fees for Services Other$59,091--$59,091
Fees for Services Accounting$2,225--$2,225
Insurance$2,078--$2,078
Office Expenses$68--$68
Total Functional Expenses$426,992$0$0$426,992
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$152,220
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Some of the executive committee members of a related organization are also the board of directors for this entity.

Form 990, Part VI, Section B, Line 11B

The form 990 will be reviewed by the senior management and the senior finance office prior to filing.

Form 990, Part VI, Section B, Line 12C

The conflict of interest statements are reviewed by the board of directors annually.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conlflict of interest policy and financial statements available to the public upon request at the organization's main office location.

Filing and Contact Details

Filer

Filer Name
Centerstate CEO Foundation Inc
EIN
22-2305294
Phone
3154701800
Address
115 WEST FAYETTE STREET, SYRACUSE, NY 13202

Signing Officer

Name
Robert Simpson
Title
President
Phone
3154701800
Signed
2025-09-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Simpson
Formed
1980
Legal Domicile
Ny
Voting Board Members
24
Independent Board Members
23
Employees
0
Volunteers
0

Preparer

Firm
Fustcharles Llp
Address
220 S WARREN STREET, SYRACUSE, NY 13202
Preparer
Thomas J Giufre
Phone
3154463600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other professional services: program service expenses 4,275. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,275. Purchased services: program service expenses 54,816. Management and general expenses 0. Fundraising expenses 0. Total expenses 54,816.

FORM 990, PART XI, LINE 9:

Equity in gain/loss in subsidiary 41,053. Net asset transfer to strategic partner -218,585.

FORM 990, PART XII, LINE 2C:

The organization has not changed its oversight process during the year.

Raw XML AppendixShowing 400 of 701 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0TO ATTRACT PHILANTHROPIC SUPPORT FOR CENTERSTATE CEO PROGRAMS THAT REMOVE BARRIERS TO ECONOMIC PROSPERITY FOR PEOPLE AND PLACES. THESE PROGRAMS HELP RESIDENTS ACCESS QUALITY JOBS, INCLUSIVE WORKPLACES, AND ENTREPRENEURSHIP OPPORTUNITIES, AS WELL AS BUILD VIBRANT NEIGHBORHOOD BUSINESS CENTERS.
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