Civic Intelligence

Centronia

990 • Fiscal year 2015 • EIN 25-1689720

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

1420 Columbia Road NWWashington, DC 20009

(202) 332-4200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.91x

Higher debt load relative to assets than 89% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

67th percentile

0.51x

Higher debt load relative to revenue than 67% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

15th percentile

-10%

Higher net margin than 15% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

15th percentile

-6.2%

Faster asset growth than 15% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2015

Revenue Growth

66th percentile

9.3%

Faster revenue growth than 66% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2015

Assets

Down

$6,958,972

Down $954,789 (-12%) from 2013

Net Assets

Down

$608,670

Down $1,336,689 (-69%) from 2013

Liabilities

Up

$6,350,302

Up $381,900 (+6.4%) from 2013

Revenue

Up

$12,429,738

Up $2,025,852 (+19%) from 2013

Expenses

Up

$13,710,871

Up $2,827,898 (+26%) from 2013

Net Income

Down

-$1,281,133

Down $802,046 (-167%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2013: $7,913,761Liabilities 2013: $5,968,402Net Assets 2013: $1,945,3592013Assets 2015: $6,958,972Liabilities 2015: $6,350,302Net Assets 2015: $608,6702015Assets 2016: $18,869,449Liabilities 2016: $4,872,627Net Assets 2016: $13,996,8222016Assets 2017: $20,735,081Liabilities 2017: $6,210,876Net Assets 2017: $14,524,2052017Assets 2019: $19,681,786Liabilities 2019: $9,615,335Net Assets 2019: $10,066,4512019Assets 2020: $16,914,268Liabilities 2020: $9,341,835Net Assets 2020: $7,572,4332020Assets 2021: $17,606,173Liabilities 2021: $8,227,288Net Assets 2021: $9,378,8852021Assets 2022: $15,603,390Liabilities 2022: $7,536,729Net Assets 2022: $8,066,6612022Assets 2024: $12,534,327Liabilities 2024: $4,984,456Net Assets 2024: $7,549,8712024

Highlighted filing

2015

Assets$6,958,972
Liabilities$6,350,302
Net Assets$608,670

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2013: $10,403,886Expenses 2013: $10,882,973Net Income 2013: -$479,0872013Revenue 2015: $12,429,738Expenses 2015: $13,710,871Net Income 2015: -$1,281,1332015Revenue 2016: $28,716,226Expenses 2016: $14,676,437Net Income 2016: $14,039,7892016Revenue 2017: $16,266,401Expenses 2017: $15,812,135Net Income 2017: $454,2662017Revenue 2019: $12,089,342Expenses 2019: $15,100,326Net Income 2019: -$3,010,9842019Revenue 2020: $12,965,930Expenses 2020: $15,444,312Net Income 2020: -$2,478,3822020Revenue 2021: $16,952,822Expenses 2021: $15,482,307Net Income 2021: $1,470,5152021Revenue 2022: $16,970,796Expenses 2022: $16,275,387Net Income 2022: $695,4092022Revenue 2024: $19,213,514Expenses 2024: $19,999,517Net Income 2024: -$786,0032024

Highlighted filing

2015

Revenue$12,429,738
Expenses$13,710,871
Net Income-$1,281,133
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 13, 2016
Return Version
2014v6.0
Gross Receipts
$13,013,248
Mission and Program Overview

Mission

Educating children and strengthening families, in a bilingual, multicultural environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,573,318$5,305,386▼ $267,932
Pledges and Grants Receivable$1,157,217$1,036,371▼ $120,846
Accounts Receivable$250,080$292,741▲ $42,661
Investments Other Securities$239,934$212,502▼ $27,432
Cash and Non-Interest-Bearing Accounts$392,700$79,000▼ $313,700
Intangible Assets$40,241$32,972▼ $7,269
Prepaid Expenses and Deferred Charges$1,210--
Total Assets$7,654,700$6,958,972▼ $695,728
Liabilities
Tax Exempt Bond Liabilities$4,472,976$4,332,201▼ $140,775
Accounts Payable and Accrued Expenses$1,434,244$1,744,077▲ $309,833
Other Liabilities$299,532$228,573▼ $70,959
Deferred Revenue$65,923$45,451▼ $20,472
Total Liabilities$6,272,675$6,350,302▲ $77,627
Net Assets / Fund Balance
Unrestricted Net Assets$1,124,377$396,960▼ $727,417
Temporarily Rstr Net Assets$257,648$211,710▼ $45,938
Total Net Assets Fund Balance$1,382,025$608,670▼ $773,355
Total Liabilities and Net Assets / Fund Balance$7,654,700$6,958,972▼ $695,728

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,734,411$3,749,374$8,483,785
Equipment$37,397$1,331,870$1,369,267
Leasehold Improvements$213,578$870,819$1,084,397
Land$320,000-$320,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Myrna PeraltaPresident/ceFT$150,000$150,000

Board Members and Trustees

NameTitle
Dennis a DavisonChair
Celeste BoykinVice Chair
Alhamir GutierrezBoard Member
Doug RoseBoard Member
Erik BurgosBoard Member
Gabriela Rodriguez-niebresBoard Member
Juan Manuel EstradaBoard Member
K Shiek PalBoard Member
Phenola LawrenceBoard Member
Robert MortonBoard Member
Rosalyn G OverstreetBoard Member
Zuraya Tapia-hadleyBoard Member
Gretchen EllsworthSecretary
Carla DeckerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Sysco BaltimoreFood SupplierPO BOX 1099, Jessup, MD 20794$186,075
Aq Contractors LLCHome Repair6230 3RD ST NW 11, Washington, DC 20011$166,577
Revenue and Support

Revenue Composition

Contributions and Grants
$9,219,863
Program Service Revenue
$2,077,533
Investment Income
$0
Other Revenue
$1,132,342
All Other Contributions
$733,455
Change in Net Assets
$-1,281,133

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,429,738
Revenue Not Reported on Form 990
$690,651
Total Revenue per Audited Statements
$13,120,389
Total Revenue per Form 990
$12,429,738
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,136,602
Other Expenses$4,574,269
Total Fundraising Expense$203,941
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,618,204$1,037,749$156,967$7,812,920
Payroll Taxes$878,597$278,678$16,407$1,173,682
Occupancy$959,679--$959,679
All Other Expenses$490,577$182,285$6,987$679,849
Depreciation Depletion$453,696$50,057-$503,753
Fees for Services Other$411,739$85,487-$497,226
Office Expenses$357,230$57,385$854$415,469
Other Expenses$180,212$28,551$17,732$208,763
Current Officers, Directors, Trustees, and Key Employees$120,000$25,500$4,500$150,000
Interest-$128,318-$128,318
Insurance$64,177$14,541-$78,718
Travel$46,136$3,584$494$50,214
Conferences and Meetings$29,635$10,100-$39,735
Total Functional Expenses$11,275,186$2,231,744$203,941$13,710,871

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$13,728,871
Expenses per Audited Statements$13,710,871
Total Expenses per Form 990$13,710,871
Expenses Not Reported on Form 990$18,000
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
Line of Credit$228,573

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADistrict of Columbia Revenue Bonds2004-04-01$350,000BUILDING IMPROVEMENT

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$3,500,000--$116,829

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 was prepared by the external cpa firm. A copy of form 990 is provided to the board before it is filed with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

All trustees, officers, agents and employees must disclose all real or apparent conflicts of interest that they discover or that have been brought to their attention in connection with the organization's activities. The individual is required to disclose such conflict at a board meeting or in writing to the chairman of the board or president. An annual disclosure statement is circulated to trustees, officers and certain employees and outside vendors to assist them in identifying situations that are a real or apparent conflicts of interest with the organization. Written disclosure statements are filed with the chief executive officer or such person designated by the chief executive officer to receive such notifications. At the discretion of the board or a committee thereof, a person with a real or apparent conflict or interest may be excused from all or any portion discussions or deliberations with respect to the subject of the conflict. A member of the board or a committee thereof, who having disclosed a conflict of interest, is counted in determining the existence of a quorum at any meeting in which the subject of the conflict is discussed. The minutes of the meeting reflect the individual's disclosure, the vote thereon, and the individual's abstention from participation and voting. The chief executive officer ensures that all trustees, officers, agents, employees, and independent contractors of the organization are made aware of the organization's policy with respect to conflicts of interest.

Form 990, Page 6, Part VI, Line 15A

The personnel committee of the board does an annual performance review of the ceo and makes recommendation on compensation for full board approval. This process includes the use of comparability data and is documented in the board minutes.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public by request.

Filing and Contact Details

Filer

Filer Name
Centronia
EIN
25-1689720
Phone
2023324200
Address
1420 COLUMBIA ROAD NW, WASHINGTON, DC 20009

Signing Officer

Name
Myrna Peralta
Title
President/CEO
Phone
2023324200
Signed
2016-05-13

Organization Details

Principal Officer
Myrna Peralta
Formed
1991
Legal Domicile
Dc
Voting Board Members
15
Independent Board Members
14
Employees
303
Volunteers
300

Preparer

Firm
Mcconnell & Jones Llp
Address
4828 LOOP CENTRAL DR STE 1000, HOUSTON, TX 77081-2222
Preparer
Thomas Jones Jr
Phone
7139681600
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4C

Weekly home visits by trained staff to 56 families. Center-based services for 16 children. Prenatal education and support for pregnant woman. Family support and referrals for community resources such as food, clothing, health care, housing, mental health, financial literacy, environmental safety, childcare, and employment resources for children with special needs. Transition system and support to ensure all children have the best placement once they leave the program. Parent engagement through family partnerships. Leadership opportunities on the ehs policy council and in parent committees. Group socializations with other program families. Transportation assistance for program activities. Transition services upon program completion.

Form 990, Page 2, Part III, Line 4D

1> the family center provides various educational opportunities to adults through workshops and classes focusing on topics such as: parent leadership, adult education, child safety, child abuse prevention, employment readiness, financial responsibility, and technology. The family center also offers advocacy, referrals, and case management services for clients with a variety of needs. 2> the centrona institute was conceived as the result of centronas thirty years of experience and success working with young children, their families, and teachers in a multicultural, bilingual environment. The majority of children we serve immigrated here with their families and many are english language learners (ells). Due to these circumstances, this community is historically underserved by center- and school-based education. 3> centronas food & wellness departments goal is to produce healthy meals for centronas community and to encourage children, parents, and staff to adopt healthy lifestyles by making informed food choices.

Form 990, Part XI, Line 9

Direct rental expenses 583,510 unrelated business inc. Taxes -18,000

Financial Statement Notes

Schedule D, Page 3, Part X

Generally accepted accounting principles requre the recognition, measurement, classification, and disclosure in the financial statements of uncertain tax positions taken or expected to be taken in centronia's tax returns. The most significant tax positions of the organization are its assertions that it is exempt from income taxes and its determination of whether any amounts are subject to unrelated business tax (ubit). All significant tax positions have been considered by management. It has been determined that it is more likely than not that all tax positions would be sustained upon examination by taxing authorities. Centronia's federal tax returns are subject to examination by taxing authorities generally for three years after ther are filed.

Schedule D, Page 4, Part XI, Line 2D

Direct rental expenses 583,510

Schedule D, Page 4, Part XII, Line 2D

Unrelated business inc. Taxes 18,000

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IRS990/ProgSrvcAccomActy2Grp/Desc0THE GOAL OF THE C.E.E. EXTENDED LEARNING ENRICHMENT PROGRAM IS TO SUPPORT STUDENTS IN BECOMING SUCCESSFUL THROUGH COMPLIMENTING SCHOOL-DAY LEARNING, PROVIDING SOCIAL AND ACADEMIC ACTIVITIES THAT CONTRIBUTE TO CHILDRENS HEALTHY DEVELOPMENT, AND OFFERING STUDENTS ACADEMICALLY RIGOROUS AND ENGAGING PROGRAMS THAT DEEPEN THEIR UNDERSTANDING OF SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS, AND THE ARTS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0EARLY HEAD START PROGRAM- CENTRONIA EARLY HEAD START PROGRAM PROVIDES COMREHENSIVE CHILD DEVELOPMENT SERVICES TO CHILDREN FROM BIRTH TO AGE 3, PREGNANT WOMEN, AND THEIR FAMILIES. THE PROGRAM IMPLEMENTS A MODEL THAT PROVIDES A CONTINUUM OF SERVICES FEATURING HIGH-QUALITY, EVIDENCE-BASED PRACTICES DIRECTED TO PROMOTE HEALTHY DEVELOPMENT AND SCHOOL READINESS IN CHILDREN AS WELL AS TO SUPPORT INCREASED LEVELS OF SELF-SUFFICIENCY FOR FAMILIES. THROUGH BOTH CENTER-BASED AND HOME-BASED OPTIONS, PROGRAM ACTIVITIES TO ACHIEVE THE GOALS INCLUDE THE FOLLOWING: WEEKLY HOME VISITS BY TRAINED STAFF TO 56 FAMILIES. CENTER-BASED SERVICES FOR 16 CHILDREN. PRENATAL EDUCATION AND SUPPORT FOR PREGNANT WOMAN. FAMILY SUPPORT AND REFERRALS FOR COMMUNITY RESOURCES SUCH AS FOOD, CLOTHING, HEALTH CARE, HOUSING, MENTAL HEALTH, FINANCIAL LITERACY, ENVIRONMENTAL SAFETY, CHILDCARE, AND EMPLOYMENT RESOURCES FOR CHILDREN WITH SPECIAL NEEDS. TRANSITION SYSTEM AND SUPPORT TO ENSURE ALL CHILDREN HAVE THE BEST PLACEMENT ONCE THEY LEAVE THE PROGRAM. PARENT ENGAGEMENT THROUGH FAMILY PARTNERSHIPS. LEADERSHIP OPPORTUNITIES ON THE EHS POLICY COUNCIL AND IN PARENT COMMITTEES. GROUP SOCIALIZATIONS WITH OTHER PROGRAM FAMILIES. TRANSPORTATION ASSISTANCE FOR PROGRAM ACTIVITIES. TRANSITION SERVICES UPON PROGRAM COMPLETION.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc01> THE FAMILY CENTER PROVIDES VARIOUS EDUCATIONAL OPPORTUNITIES TO ADULTS THROUGH WORKSHOPS AND CLASSES FOCUSING ON TOPICS SUCH AS: PARENT LEADERSHIP, ADULT EDUCATION, CHILD SAFETY, CHILD ABUSE PREVENTION, EMPLOYMENT READINESS, FINANCIAL RESPONSIBILITY, AND TECHNOLOGY. THE FAMILY CENTER ALSO OFFERS ADVOCACY, REFERRALS, AND CASE MANAGEMENT SERVICES FOR CLIENTS WITH A VARIETY OF NEEDS. 2> THE CENTRONA INSTITUTE WAS CONCEIVED AS THE RESULT OF CENTRONAS THIRTY YEARS OF EXPERIENCE AND SUCCESS WORKING WITH YOUNG CHILDREN, THEIR FAMILIES, AND TEACHERS IN A MULTICULTURAL, BILINGUAL ENVIRONMENT. THE MAJORITY OF CHILDREN WE SERVE IMMIGRATED HERE WITH THEIR FAMILIES AND MANY ARE ENGLISH LANGUAGE LEARNERS (ELLS). DUE TO THESE CIRCUMSTANCES, THIS COMMUNITY IS HISTORICALLY UNDERSERVED BY CENTER- AND SCHOOL-BASED EDUCATION. 3> CENTRONAS FOOD & WELLNESS DEPARTMENTS GOAL IS TO PRODUCE HEALTHY MEALS FOR CENTRONAS COMMUNITY AND TO ENCOURAGE CHILDREN, PARENTS, AND STAFF TO ADOPT HEALTHY LIFESTYLES BY MAKING INFORMED FOOD CHOICES.
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