Civic Intelligence

Centronia

990 • Fiscal year 2020 • EIN 25-1689720

Jul 01, 2019 to Jun 30, 2020 • Filed on May 14, 2021

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

75th percentile

0.55x

Higher debt load relative to assets than 75% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

73rd percentile

0.72x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

13th percentile

-19%

Higher net margin than 13% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

72nd percentile

$257,332

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

4th percentile

-14%

Faster asset growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

61st percentile

7.3%

Faster revenue growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$16,914,268

Down $2,767,518 (-14%) from 2019

Net Assets

Down

$7,572,433

Down $2,494,018 (-25%) from 2019

Liabilities

Down

$9,341,835

Down $273,500 (-2.8%) from 2019

Revenue

Up

$12,965,930

Up $876,588 (+7.3%) from 2019

Expenses

Up

$15,444,312

Up $343,986 (+2.3%) from 2019

Net Income

Up

-$2,478,382

Up $532,602 (+18%) from 2019

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

2020

Assets$16,914,268
Liabilities$9,341,835
Net Assets$7,572,433

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

2020

Revenue$12,965,930
Expenses$15,444,312
Net Income-$2,478,382
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 14, 2021
Return Version
2019v5.2
Gross Receipts
$21,130,186
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$15,252,404$11,577,061▼ $3,675,343
Cash and Non-Interest-Bearing Accounts$2,833,394$3,597,507▲ $764,113
Pledges and Grants Receivable$807,358$1,175,302▲ $367,944
Land, Buildings, and Equipment, Net$282,924$216,288▼ $66,636
Accounts Receivable$283,740$116,833▼ $166,907
Prepaid Expenses and Deferred Charges$86,001$100,417▲ $14,416
Intangible Assets$5,105--
Total Assets$19,681,786$16,914,268▼ $2,767,518
Other Assets Total$130,860$130,860→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,620,231$3,518,416▼ $2,101,815
Tax Exempt Bond Liabilities$2,923,646$2,980,600▲ $56,954
Deferred Revenue$17,434$1,817,967▲ $1,800,533
Accounts Payable and Accrued Expenses$1,034,937$1,005,765▼ $29,172
Other Liabilities$19,087$19,087→ $0
Total Liabilities$9,615,335$9,341,835▼ $273,500
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,712,265$5,901,704▼ $1,810,561
Net Assets With Donor Restrictions$2,354,186$1,670,729▼ $683,457
Total Net Assets Fund Balance$10,066,451$7,572,433▼ $2,494,018
Total Liabilities and Net Assets / Fund Balance$19,681,786$16,914,268▼ $2,767,518

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$194,286$382,915$577,201
Equipment$1,633$443,995$445,628
Other Land Buildings$20,369$124,769$145,138
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Myrna PeraltaPresident & CEOFT$210,000$47,332$257,332
Ignacio BravoCFOFT$145,000$16,449$161,449

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Sysco BaltimoreFood PurchasePO BOX 1099, Jessup, MD 20794$402,901
Align StaffingTemporary Personnel111 K STREET NE 4TH FLOOR, Washington, DC 20002$246,033
Revenue and Support

Revenue Composition

Contributions and Grants
$10,661,614
Program Service Revenue
$1,285,367
Investment Income
$636,402
Other Revenue
$382,547
All Other Contributions
$593,055
Change in Net Assets
$-2,478,382

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$197,545Fair Market Value (FMV)
Total Noncash Contributions1$197,545-

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,380,798
Revenue Not Reported on Financial Statements
$-414,868
Revenue Not Reported on Form 990
$72,660
Other Revenue Adjustments
$-517,123
Total Revenue per Audited Statements
$13,453,458
Total Revenue per Form 990
$12,965,930
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,704,377
Other Expenses$5,651,460
Total Fundraising Expense$121,263
Grants and Similar Amounts Paid$88,475
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,993,546$863,377$91,047$7,947,970
Occupancy$1,408,568$859,499-$2,268,067
Fees for Services Other$788,803$85,455$1,645$875,903
Other Employee Benefits$539,388$153,423$5,776$698,587
Payroll Taxes$511,049$145,363$5,473$661,885
Office Expenses$487,749$139,205$8,258$635,212
Current Officers, Directors, Trustees, and Key Employees$348,389$43,010$4,536$395,935
Interest$269,311$44,087$3,443$316,841
Fees for Services Accounting$234,250$700-$234,950
Fees for Service Investment Mgmnt Fees-$102,255-$102,255
Insurance$85,074$13,927$1,085$100,086
Grants to Domestic Individuals$88,475--$88,475
Depreciation Depletion$71,741--$71,741
Conferences and Meetings$32,748$641-$33,389
Travel$29,859$408-$30,267
Other Expenses$17,172$15,394-$17,172
All Other Expenses$210,932$-210,932--
Total Functional Expenses$13,050,911$2,272,138$121,263$15,444,312

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$15,947,476
Expenses per Audited Statements$15,859,180
Total Expenses per Form 990$15,444,312
Expenses Not Reported on Form 990$88,296
Expenses Not Reported on Financial Statements$-414,868
Other Expense Adjustments$-517,123
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 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
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 a 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
2021-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Myrna Peralta
Formed
1991
Legal Domicile
Dc
Voting Board Members
11
Independent Board Members
11
Employees
307
Volunteers
280

Preparer

Firm
Cherry Bekaert Llp
Address
6116 EXECUTIVE BLVD SUITE 600, ROCKVILLE, MD 20852
Preparer
Raymond Barbagallo
Phone
3015899000
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. Centronia's center-based services were suspended from march 12, 2020 thru june 22, 2020 due to the covid-19 pandemic. Cardozo site remains closed due to its location inside a d.c. Public school. During this period, staff provided remote educational and familial support services alongside robust community outreach and relief activities. Full-tuition parent fees were discounted or waived for families experiencing hardship, catering revenue fell due to client closures, and rental income from evening and weekend space use was lost. Due to strict regulatory requirements governing adult-child ratios, space use, and daily routines, reopening required building an inventory of personal protective equipment (ppe) and cleaning supplies; extensive staff training on new pandemic health and safety protocols; additional cleaning staff; new screening and changing stations, isolation areas; and modifications to existing classroom spaces. The organization also had to invest in improved connectivity and devices to allow for children and families to receive virtual services and staff to work remotely when they are unable to receive services or work onsite due to temporarily reduced occupancy limits or quarantine/isolation requirements. The reopening period was marked by low enrollment and a spike in the use of employee sick leave which necessitated the use of temporary staff to maintain coverage. Even as parents return to work, the center will continue to operate at reduced capacity for the forseeable future due to regulations which limit classes to eight (8) children.

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, 2020. 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, 2020 or 2019.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses -517,123.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses -517,123.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt11CFO
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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/ProgSrvcAccomActyOtherGrp/Desc0CENTRONIA INSTITUTE, THE PROFESSIONAL DEVELOPMENT ARM OF CENTRONIA, FILTERS THE LATEST RESEARCH ON PEDAGOGY AND COGNITIVE DEVELOPMENT INTO CLASSROOM-LEVEL PRACTICE THROUGH COACHING AND TECHNICAL ASSISTANCE CYCLES DESIGNED TO STRENGTHEN THEIR ABILITY TO SUSTAIN QUALITY TEACHER-CHILD INTERACTION AND TO CREATE A STIMULATING AND CONTENT-RICH EDUCATIONAL EXPERIENCE FOR CHILDREN THROUGH INTENTIONAL PLANNING, DOCUMENTATION, ASSESSMENT AND REFLECTIVE PRACTICES. ADDITIONAL AREAS OF FOCUS INCLUDE SECOND LANGUAGE ACQUISITION, EFFECTIVE INTERVENTIONS, AND DEVELOPMENTALLY APPROPRIATE ENVIRONMENTS. THE INSTITUTE ALSO OFFERS A TRAINING PROGRAM FOR PROSPECTIVE EDUCATORS TO OBTAIN A CHILD DEVELOPMENT ASSOCIATE (CDA) CREDENTIAL IN INFANT/TODDLER OR PRESCHOOL ENDORSEMENTS WITH A BILINGUAL SPECIALIZATION.
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