Civic Intelligence

Centronia

990 • Fiscal year 2018 • EIN 25-1689720

Jul 01, 2017 to Jun 30, 2018 • Filed on Jul 17, 2019

1420 Columbia Road NWWashington, DC 20009

(202) 332-4200

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$24,529,773

Up $3,794,692 (+18%) from 2017

Net Assets

Down

$12,475,436

Down $2,048,769 (-14%) from 2017

Liabilities

Up

$12,054,337

Up $5,843,461 (+94%) from 2017

Revenue And Expenses

Revenue

Down

$14,022,382

Down $2,244,019 (-14%) from 2017

Expenses

Up

$15,829,871

Up $17,736 (+0.1%) from 2017

Net Income

Down

-$1,807,489

Down $2,261,755 (-498%) from 2017

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 2018: $24,529,773Liabilities 2018: $12,054,337Net Assets 2018: $12,475,4362018Assets 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

2018

Assets$24,529,773
Liabilities$12,054,337
Net Assets$12,475,436

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 2018: $14,022,382Expenses 2018: $15,829,871Net Income 2018: -$1,807,4892018Revenue 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

2018

Revenue$14,022,382
Expenses$15,829,871
Net Income-$1,807,489
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jul 17, 2019
Return Version
2017v2.3
Gross Receipts
$20,029,214
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,768,588$14,365,330▼ $403,258
Savings and Temporary Cash Investments$1,253,366$5,002,329▲ $3,748,963
Cash and Non-Interest-Bearing Accounts$3,204,214$3,001,148▼ $203,066
Pledges and Grants Receivable$921,178$1,389,189▲ $468,011
Land, Buildings, and Equipment, Net$153,221$370,516▲ $217,295
Accounts Receivable$290,462$181,706▼ $108,756
Prepaid Expenses and Deferred Charges$73,989$65,142▼ $8,847
Intangible Assets$18,433$11,163▼ $7,270
Total Assets$20,735,081$24,529,773▲ $3,794,692
Other Assets Total$51,630$143,250▲ $91,620
Liabilities
Unsecured Notes Loans Payable-$5,002,329-
Mortgage Notes Payable Secured by Investment Property$2,267,632$3,040,837▲ $773,205
Tax Exempt Bond Liabilities$2,809,738$2,866,692▲ $56,954
Accounts Payable and Accrued Expenses$1,115,556$1,107,458▼ $8,098
Other Liabilities$0$19,087▲ $19,087
Deferred Revenue$17,950$17,934▼ $16
Total Liabilities$6,210,876$12,054,337▲ $5,843,461
Net Assets / Fund Balance
Unrestricted Net Assets$12,065,343$10,060,055▼ $2,005,288
Temporarily Rstr Net Assets$2,458,862$2,415,381▼ $43,481
Total Net Assets Fund Balance$14,524,205$12,475,436▼ $2,048,769
Total Liabilities and Net Assets / Fund Balance$20,735,081$24,529,773▲ $3,794,692

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$37,970$407,658$445,628
Other Land Buildings$288,532$97,675$386,207
Leasehold Improvements$44,014$292,118$336,132
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Myrna PeraltaCEOFT$200,661$58,421$259,082

Board Members and Trustees

NameTitle
Dennis a DavisonChair
Juan Manuel EstradaVice Chair
Alhamir GutierrezDirector
Doug RoseDirector
Jeffrey VothDirector
K Shiek PalDirector
Rosalyn G Overstreet GonzalezDirector
Wood Mackenson RidoreDirector
Zuraya Tapia-hadleyDirector
Nidya SarriaDirector 6/29/18-present
Rebecca M MurdayDirector 6/29/18-present
Ignacio BravoCFO 3/19/18 - Present
Phenola LawrenceSecretary
Erik BurgosTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Grounds4playConstruction Services1050 COLUMBIA DR, Carrollton, GA 30117$120,265
Revenue and Support

Revenue Composition

Contributions and Grants
$10,996,072
Program Service Revenue
$1,712,236
Investment Income
$1,024,185
Other Revenue
$289,889
All Other Contributions
$864,728
Change in Net Assets
$-1,807,489

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,552,147
Revenue Not Reported on Financial Statements
$-529,765
Revenue Not Reported on Form 990
$-108,248
Other Revenue Adjustments
$-634,483
Total Revenue per Audited Statements
$14,443,899
Total Revenue per Form 990
$14,022,382
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,075,688
Other Expenses$5,754,183
Total Fundraising Expense$222,931
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,061,398$1,119,595$164,334$8,345,327
Occupancy$1,702,722$533,179-$2,235,901
Office Expenses$601,145$111,439$9,179$721,763
Other Employee Benefits$534,048$157,750$15,289$707,087
Payroll Taxes$502,713$148,494$14,392$665,599
Fees for Services Accounting$475,824$15,650-$491,474
Fees for Services Other$327,221$55,358$7,681$390,260
Current Officers, Directors, Trustees, and Key Employees$271,839$43,101$6,326$321,266
Interest$122,155$20,666$2,867$145,688
Fees for Service Investment Mgmnt Fees-$104,718-$104,718
Insurance$81,722$13,825$1,918$97,465
Depreciation Depletion$75,778$16,961-$92,739
Conferences and Meetings$64,111--$64,111
Other Expenses$47,471$9,595$100$57,066
Travel$44,542$2,370$58$46,970
Pension Plan Contributions$27,499$8,123$787$36,409
All Other Expenses$23,465--$23,465
Total Functional Expenses$13,200,620$2,406,320$222,931$15,829,871

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$16,492,668
Expenses per Audited Statements$16,359,636
Total Expenses per Form 990$15,829,871
Expenses Not Reported on Form 990$133,032
Expenses Not Reported on Financial Statements$-529,765
Other Expense Adjustments$-634,483
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
Deferred Rent$19,087
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Form 990 is prepared by an external cpa firm. A draft copy of the form 990 is provided to the board and any comments are fully addressed before it is filed with the internal revenue service.

Form 990, Part VI, Section B, 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 apparant conflict 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 apparant conflict of interest may be excused from all or any portion of discussions or deliberations with respect to the subject of the conflict. A member of the board or a commitee 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, Part VI, Section B, Line 15A

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

Form 990, Part VI, Section C, 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
2019-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Myrna Peralta
Formed
1991
Legal Domicile
Dc
Voting Board Members
13
Independent Board Members
13
Employees
260
Volunteers
300

Preparer

Firm
Cherry Bekaert Llp
Address
9861 BROKEN LAND PKWY SUITE 202, COLUMBIA, MD 21046
Preparer
Raymond Barbagallo
Phone
3019513636
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

Early childhood education - centronia's commitment is to serve low-income, working families and their children by providing a continuum of early childhood education and care starting during a mother's pregnancy until the child is five years old. Our model includes comprehensive, high-quality, dual-language full day academic services and home visit programs for children and their families - laying the foundation for school readiness beyond preschool by developing the whole child and offering family supports to nurture strong families and futures. Early learners grow in their emotional, physical, cognitive and language development through activities that incorporate music, movement, guided pretend play, gardening, arts and healthy lifestyles.

Form 990, Part III, Line 4B

Centronia's community engagement & education (c.e.e) programs work to support school aged students, their families and the greater community with programs that nurture the entire family and strengthen futures. C.e.e. Offers an out-of-school time program that is complementary to school-day learning for youth in kindergarten through eighth grade. The program provides students academically rigorous and engaging sessions that deepen their understanding of science, technology, engineering, mathematics and the arts, while also developing critical thinking, collaboration, creativity and communication skills. C.e.e. Also has a family center that provides a haven for centronia families to partcipate in various parenting workshops, access counseling and attend skill-building classes with the goal of providing families with the appropriate resources to increase economic viability and strengthen the role the whole family plays in the lives of their youngest children.

Form 990, Part III, Line 4C

Centronia's food and wellness department's mission is to cook nutritious meals, educate adults and children to adopt healty lifestyles, advocate for better food policies and expand this holistic model across communities. At centronia, we believe a healthy and active lifestyle is essential to achieving academic and social success, by positively impacting the physical and intellectual development of children and adults.

Financial Statement Notes

PART X, LINE 2:

Management has evaluated the effect of the guidance provided by u.s. Generally accepted accounting principles on accounting for uncertainty in income taxes. Management believes that centronia continues to satisfy the requirements of a tax-exempt organization at june 30, 2018. Management has evaluated all other tax positions that could have a significant effect on the consolidated financial statements and determined that centronia had no uncertain income tax positions at june 30, 2018 or 2017.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses -634,483.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses -634,483.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR 6/29/18-PRESENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR 6/29/18-PRESENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13CFO 3/19/18 - PRESENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14CEO
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IRS990/FormationYr01991
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IRS990/FSAuditedInd01
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IRS990/GainOrLossGrp/SecuritiesAmt0511027
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IRS990/GrossReceiptsAmt020029214
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IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/InsuranceGrp/ManagementAndGeneralAmt013825
IRS990/InsuranceGrp/ProgramServicesAmt081722
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IRS990/MissionDesc0TO PROMOTE THE PHYSICAL, SOCIAL, EMOTIONAL, COGNITIVE, AND CULTURAL GROWTH AND DEVELOPMENT OF CHILDREN IN A BILINGUAL, MULTICULTURAL ENVIRONMENT.
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IRS990/OfficeExpensesGrp/FundraisingAmt09179
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0111439
IRS990/OfficeExpensesGrp/ProgramServicesAmt0601145
IRS990/OfficeExpensesGrp/TotalAmt0721763
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IRS990/OperateHospitalInd00
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0157750
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0534048
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0707087
IRS990/OtherExpensesGrp/Desc0REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1FOOD EXPENSES
IRS990/OtherExpensesGrp/Desc2STAFF TRAINING
IRS990/OtherExpensesGrp/Desc3BAD DEBT
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0519
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15010
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt239967
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt39595
IRS990/OtherExpensesGrp/ProgramServicesAmt0540103
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IRS990/OtherExpensesGrp/TotalAmt1535714
IRS990/OtherExpensesGrp/TotalAmt2206227
IRS990/OtherExpensesGrp/TotalAmt357066
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt019087
IRS990/OtherRevenueTotalAmt019721
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0164334
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01119595
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07061398
IRS990/OtherSalariesAndWagesGrp/TotalAmt08345327
IRS990/OwnWebsiteInd0X
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt014392
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0148494
IRS990/PayrollTaxesGrp/ProgramServicesAmt0502713
IRS990/PayrollTaxesGrp/TotalAmt0665599
IRS990/PensionPlanContributionsGrp/FundraisingAmt0787
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08123
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt027499
IRS990/PensionPlanContributionsGrp/TotalAmt036409
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IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1637763
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1637763
IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY ENGAGEMENT & EDUCATIONSEE SCHEDULE O FOR COMPLETE DESCRIPTION
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0546221
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0650391
IRS990/ProgSrvcAccomActy3Grp/Desc0FOOD AND WELLNESSSEE SCHEDULE O FOR COMPLETE DESCRIPTION
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01046077
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01038130
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE CENTRONIA INSTITUTE WAS CONCEIVED AS THE RESULT OF CENTRONIA'S THIRTY YEARS OF EXPERIENCE AND SUCCESS WORKING WITH YOUNG CHILDREN. 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.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt03615487
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt02716780
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt012645967
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01005121
IRS990/PYOtherExpensesAmt06201840
IRS990/PYOtherRevenueAmt01671158
IRS990/PYProgramServiceRevenueAmt0944155
IRS990/PYRevenuesLessExpensesAmt0454266
IRS990/PYSalariesCompEmpBnftPaidAmt09610295
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt016266401
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1807489
IRS990/RegularMonitoringEnfrcInd01
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IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0270168
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt05002329
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt010321187
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt09327004
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt07391425
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt050681655
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0513159
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt098405
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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0768941
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02179433
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02246982

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