Civic Intelligence

Centronia

990 • Fiscal year 2022 • EIN 25-1689720

Jul 01, 2021 to Jun 30, 2022 • Filed on May 12, 2023

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

0.48x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.44x

Higher debt load relative to revenue than 66% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

44th percentile

4.1%

Higher net margin than 44% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

73rd percentile

$264,591

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

17th percentile

-11%

Faster asset growth than 17% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

42nd percentile

0.1%

Faster revenue growth than 42% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$15,603,390

Down $2,002,783 (-11%) from 2021

Net Assets

Down

$8,066,661

Down $1,312,224 (-14%) from 2021

Liabilities

Down

$7,536,729

Down $690,559 (-8.4%) from 2021

Revenue

Up

$16,970,796

Up $17,974 (+0.1%) from 2021

Expenses

Up

$16,275,387

Up $793,080 (+5.1%) from 2021

Net Income

Down

$695,409

Down $775,106 (-53%) from 2021

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

2022

Assets$15,603,390
Liabilities$7,536,729
Net Assets$8,066,661

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

2022

Revenue$16,970,796
Expenses$16,275,387
Net Income$695,409
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 12, 2023
Return Version
2021v4.2
Gross Receipts
$18,493,529
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$13,713,215$11,640,693▼ $2,072,522
Pledges and Grants Receivable$1,345,706$1,635,479▲ $289,773
Cash and Non-Interest-Bearing Accounts$1,934,105$1,142,487▼ $791,618
Accounts Receivable$135,581$662,947▲ $527,366
Land, Buildings, and Equipment, Net$161,981$157,825▼ $4,156
Prepaid Expenses and Deferred Charges$103,160$155,546▲ $52,386
Total Assets$17,606,173$15,603,390▼ $2,002,783
Other Assets Total$212,425$208,413▼ $4,012
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,524,783$3,424,783▼ $100,000
Tax Exempt Bond Liabilities$3,037,554$3,094,508▲ $56,954
Accounts Payable and Accrued Expenses$1,333,517$631,460▼ $702,057
Other Liabilities$285,213$339,994▲ $54,781
Deferred Revenue$46,221$45,984▼ $237
Total Liabilities$8,227,288$7,536,729▼ $690,559
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,314,676$6,978,737▼ $1,335,939
Net Assets With Donor Restrictions$1,064,209$1,087,924▲ $23,715
Total Net Assets Fund Balance$9,378,885$8,066,661▼ $1,312,224
Total Liabilities and Net Assets / Fund Balance$17,606,173$15,603,390▼ $2,002,783

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$121,700$448,579$570,279
Equipment$33,851$448,897$482,748
Other Land Buildings$2,274$142,864$145,138
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Myrna PeraltaPresident & CEOFT$224,423$40,168$264,591
Ignacio BravoCFOFT$152,250$10,029$162,279
Rosalina BurgosSr. Director for Early ChildhooFT$104,237$6,840$111,077
Cynthia MercadoSr Director of Oper & AdminFT$105,468$5,360$110,828

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Sysco BaltimoreFood PurchasePO BOX 1099, Jessup, MD 20794$623,491
Moseley ArchitectsAchitectural Services3200 NORFOLK STREET, Richmond, VA 23230$433,789
Bohler EngineeringEngineering Service30 INDEPENDENCE BLVD SUITE 200, Warren, NJ 07059$125,885
Professional Cleaning Services Dmv LLCCleaning Service15228 BRAZIL CIRCLE, Woodbridge, VA 22193$101,289
Revenue and Support

Revenue Composition

Contributions and Grants
$13,754,239
Program Service Revenue
$2,065,912
Investment Income
$508,003
Other Revenue
$642,642
All Other Contributions
$1,000,057
Change in Net Assets
$695,409

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,593,145
Revenue Not Reported on Financial Statements
$-622,349
Revenue Not Reported on Form 990
$-1,934,215
Other Revenue Adjustments
$-695,028
Total Revenue per Audited Statements
$15,658,930
Total Revenue per Form 990
$16,970,796
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,558,115
Other Expenses$5,626,222
Total Fundraising Expense$237,361
Grants and Similar Amounts Paid$91,050
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,734,508$806,569$170,335$8,711,412
Occupancy$1,180,230$810,085$10,677$2,000,992
Payroll Taxes$595,988$143,271$15,576$754,835
Fees for Services Other$570,661$84,995$3,743$659,399
Other Employee Benefits$516,502$124,163$13,498$654,163
Office Expenses$491,409$108,416$3,236$603,061
Current Officers, Directors, Trustees, and Key Employees$388,621$40,526$8,558$437,705
Fees for Services Accounting$203,754$2,000$2,450$208,204
Insurance$109,245$12,870$2,491$124,606
Interest$99,109$11,676$2,260$113,045
Grants to Domestic Individuals$91,050--$91,050
Conferences and Meetings$79,041$158-$79,199
Fees for Service Investment Mgmnt Fees-$72,679-$72,679
Depreciation Depletion$41,276--$41,276
Fees for Services Legal-$25,458-$25,458
Other Expenses$23,184$40,795$4,442$23,184
Travel$7,488$429$95$8,012
All Other Expenses$294,079$-294,079--
Total Functional Expenses$14,046,833$1,991,193$237,361$16,275,387

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$16,971,154
Expenses per Audited Statements$16,897,736
Total Expenses per Form 990$16,275,387
Expenses Not Reported on Form 990$73,418
Expenses Not Reported on Financial Statements$-622,349
Other Expense Adjustments$-695,028
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$339,994
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
2023-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Myrna Peralta
Formed
1991
Legal Domicile
Dc
Voting Board Members
10
Independent Board Members
10
Employees
261
Volunteers
230

Preparer

Firm
Cherry Bekaert Advisory LLC
Address
6116 EXECUTIVE BLVD STE 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 environment. 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 diverse 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 fourth 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, 2022. 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, 2022 or 2021.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses -695,028.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses -695,028.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10CFO
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IRS990/Form990PartVIISectionAGrp/TitleTxt12SR DIR OF OPER & ADMIN
IRS990/Form990PartVIISectionAGrp/TitleTxt13SR. DIR FOR EARLY CHILDHOO
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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/ProgSrvcAccomActy3Grp/Desc0CENTRONIA'S FOOD AND WELLNESS DEPARTMENTSEE SCHEDULE O FOR COMPLETE DESCRIPTION
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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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