Civic Intelligence

Centronia

990 • Fiscal year 2019 • EIN 25-1689720

Jul 01, 2018 to Jun 30, 2019 • Filed on May 05, 2020

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

73rd percentile

0.49x

Higher debt load relative to assets than 73% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

76th percentile

0.80x

Higher debt load relative to revenue than 76% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

9th percentile

-25%

Higher net margin than 9% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

77th percentile

$290,961

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

4th percentile

-20%

Faster asset growth than 4% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

17th percentile

-14%

Faster revenue growth than 17% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Down

$19,681,786

Down $1,053,295 (-5.1%) from 2017

Net Assets

Down

$10,066,451

Down $4,457,754 (-31%) from 2017

Liabilities

Up

$9,615,335

Up $3,404,459 (+55%) from 2017

Revenue

Down

$12,089,342

Down $4,177,059 (-26%) from 2017

Expenses

Down

$15,100,326

Down $711,809 (-4.5%) from 2017

Net Income

Down

-$3,010,984

Down $3,465,250 (-763%) 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 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

2019

Assets$19,681,786
Liabilities$9,615,335
Net Assets$10,066,451

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

2019

Revenue$12,089,342
Expenses$15,100,326
Net Income-$3,010,984
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 5, 2020
Return Version
2018v3.1
Gross Receipts
$17,441,646
Mission and Program Overview

Mission

To promote the physical, social, emotional, cognitive, and cultural growth and development of children in a bilingual, multicultural environment.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,365,330$15,252,404▲ $887,074
Savings and Temporary Cash Investments$5,002,329--
Cash and Non-Interest-Bearing Accounts$3,001,148$2,833,394▼ $167,754
Pledges and Grants Receivable$1,389,189$807,358▼ $581,831
Accounts Receivable$181,706$283,740▲ $102,034
Land, Buildings, and Equipment, Net$370,516$282,924▼ $87,592
Prepaid Expenses and Deferred Charges$65,142$86,001▲ $20,859
Intangible Assets$11,163$5,105▼ $6,058
Total Assets$24,529,773$19,681,786▼ $4,847,987
Other Assets Total$143,250$130,860▼ $12,390
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,040,837$5,620,231▲ $2,579,394
Unsecured Notes Loans Payable$5,002,329--
Tax Exempt Bond Liabilities$2,866,692$2,923,646▲ $56,954
Accounts Payable and Accrued Expenses$1,107,458$1,034,937▼ $72,521
Other Liabilities$19,087$19,087→ $0
Deferred Revenue$17,934$17,434▼ $500
Total Liabilities$12,054,337$9,615,335▼ $2,439,002
Net Assets / Fund Balance
Unrestricted Net Assets$10,060,055$7,712,265▼ $2,347,790
Temporarily Rstr Net Assets$2,415,381$2,354,186▼ $61,195
Total Net Assets Fund Balance$12,475,436$10,066,451▼ $2,408,985
Total Liabilities and Net Assets / Fund Balance$24,529,773$19,681,786▼ $4,847,987

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$234,096$343,105$577,201
Equipment$14,912$430,716$445,628
Other Land Buildings$33,916$111,222$145,138
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Myrna PeraltaCEOFT$210,000$80,961$290,961
Ignacio BravoCFOFT$108,192$10,675$118,867

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Sysco BaltimoreFood PurchasePO BOX 1099, Jessup, MD 20794$364,247
Align StaffingTemporary Personnel111 K STREET NE 4TH FLOOR, Washington, DC 20002$347,290
Revenue and Support

Revenue Composition

Contributions and Grants
$9,555,682
Program Service Revenue
$1,722,584
Investment Income
$420,608
Other Revenue
$390,468
All Other Contributions
$616,072
Change in Net Assets
$-3,010,984

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,491,698
Revenue Not Reported on Financial Statements
$-402,356
Revenue Not Reported on Form 990
$733,433
Other Revenue Adjustments
$-424,060
Total Revenue per Audited Statements
$13,225,131
Total Revenue per Form 990
$12,089,342
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,300,120
Other Expenses$5,800,206
Total Fundraising Expense$142,707
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,810,035$683,631$77,988$7,571,654
Occupancy$1,456,224$872,195-$2,328,419
Office Expenses$636,938$105,863$7,233$750,034
Payroll Taxes$536,914$135,461$8,680$681,055
Other Employee Benefits$503,572$127,049$8,140$638,761
Fees for Services Accounting$630,601$6,678-$637,279
Current Officers, Directors, Trustees, and Key Employees$367,545$36,896$4,209$408,650
Fees for Services Other$98,777$149,176$33,020$280,973
Interest$181,364$20,855$2,178$204,397
Insurance$86,613$9,960$1,040$97,613
Depreciation Depletion$87,071$6,579-$93,650
Other Expenses$74,330$38,515-$74,330
Conferences and Meetings$44,570$1,369-$45,939
Travel$33,672$694$39$34,405
All Other Expenses$21,732--$21,732
Fees for Service Investment Mgmnt Fees-$21,704-$21,704
Fees for Services Legal$14,996$1,724$180$16,900
Total Functional Expenses$12,734,796$2,222,823$142,707$15,100,326

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$15,634,116
Expenses per Audited Statements$15,502,682
Total Expenses per Form 990$15,100,326
Expenses Not Reported on Form 990$131,434
Expenses Not Reported on Financial Statements$-402,356
Other Expense Adjustments$-424,060
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
CEO
Phone
2023324200
Signed
2020-05-05
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
276
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 serves low-income, working families and their children by providing a continuum of early childhood education and care for children aged 0-5 that lays the foundation for school readiness. Our model includes home visiting programs as well as full-day, center-based education and care in a dual-language, multicultural envirnoment. Our high quality programs take a whole-child approach, offering developmentally-appropriate physical, socio-emotional and cognitive experiences complemented by dramatic play; activities related to music, gardening and science; health and physical education; and monthly fieldtrips for experiential learning. Teachers conduct ongoing formative assessments and individualize lesson planning to maximize each child's learning and development and promote their future academic success and wellbeing.

Form 990, Part III, Line 4B

Centronia's community engagement & education (c.e.e) programs support school-aged children, their families, and the greater community. These include an out-of-school time program that provides children from kindergarten through third grade with academic enrichment in the areas of science, technology, engineering, mathematics and the arts in a safe, stimulating environment. C.e.e. Also includes a family center which provides significant family support services both in-house and through networked partnerships and collaborative engagement with governmental and other community-based organizations. This allows centronia to partner with parents to increase their understanding of child development; boost parental resilience through classes and trainings promoting responsive parenting, family life and leadership skills; and serve as a trusted resource linking parents to social and health services.

Form 990, Part III, Line 4C

Centronia's food and wellness department supports the cognitive and physical development of early learners through the preparation of nutritionally balanced meals and promotes lifelong healthy habits that can decrease young children's chances of developing health problems later in life. In addition to meal preparation, food and wellness staff support educators in aligning classroom activities with health and wellness topics, promote familial wellbeing through nutritional workshops and cooking demonstrations for families, and increase families perceived and actual access to fresh produce through partnerships with local farmers markets.

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, 2019. 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, 2019 or 2018.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses -424,060.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses -424,060.

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