Civic Intelligence

Centro Romero

990 • Fiscal year 2020 • EIN 36-3517408

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 04, 2021

6216 N Clark StChicago, IL 60660

(773) 508-5300

Siviq Scores

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

Liabilities / Assets

36th percentile

0.03x

Higher debt load relative to assets than 36% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

24th percentile

0.02x

Higher debt load relative to revenue than 24% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

64th percentile

13%

Higher net margin than 64% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$62,833

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$1,260,168

No earlier filing loaded for comparison.

Net Assets

$1,218,295

No earlier filing loaded for comparison.

Liabilities

$41,873

No earlier filing loaded for comparison.

Revenue

$2,687,582

No earlier filing loaded for comparison.

Expenses

$2,334,355

No earlier filing loaded for comparison.

Net Income

$353,227

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2020: $1,260,168Liabilities 2020: $41,873Net Assets 2020: $1,218,2952020Assets 2021: $1,544,356Liabilities 2021: $202,643Net Assets 2021: $1,341,7132021Assets 2022: $1,484,824Liabilities 2022: $223,678Net Assets 2022: $1,261,1462022Assets 2023: $1,472,235Liabilities 2023: $491,019Net Assets 2023: $981,2162023Assets 2024: $1,322,113Liabilities 2024: $458,145Net Assets 2024: $863,9682024

Highlighted filing

2020

Assets$1,260,168
Liabilities$41,873
Net Assets$1,218,295

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2020: $2,687,582Expenses 2020: $2,334,355Net Income 2020: $353,2272020Revenue 2021: $2,667,687Expenses 2021: $2,544,269Net Income 2021: $123,4182021Revenue 2022: $2,890,811Expenses 2022: $2,971,379Net Income 2022: -$80,5682022Revenue 2023: $3,015,050Expenses 2023: $3,218,415Net Income 2023: -$203,3652023Revenue 2024: $3,806,709Expenses 2024: $3,931,627Net Income 2024: -$124,9182024

Highlighted filing

2020

Revenue$2,687,582
Expenses$2,334,355
Net Income$353,227
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 4, 2021
Return Version
2020v4.0
Gross Receipts
$2,691,004
Mission and Program Overview

Mission

Assist disadvantaged residents of Chicago's Edgewater, Rogers Park, and Uptown neighborhoods.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$446,969$659,713▲ $212,744
Pledges and Grants Receivable$345,972$401,218▲ $55,246
Land, Buildings, and Equipment, Net$80,159$184,381▲ $104,222
Prepaid Expenses and Deferred Charges$8,120$2,971▼ $5,149
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$893,105$1,260,168▲ $367,063
Other Assets Total$11,885$11,885→ $0
Liabilities
Accounts Payable and Accrued Expenses$28,037$24,758▼ $3,279
Deferred Revenue-$17,115-
Total Liabilities$28,037$41,873▲ $13,836
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$751,968$957,562▲ $205,594
Net Assets With Donor Restrictions$113,100$260,733▲ $147,633
Total Net Assets Fund Balance$865,068$1,218,295▲ $353,227
Total Liabilities and Net Assets / Fund Balance$893,105$1,260,168▲ $367,063

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$184,381$112,107$296,488
Leasehold Improvements-$2,969$2,969
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Daysi J FunesExecutive DirectorFT$62,833$62,833

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,518,433
Program Service Revenue
$945,996
Investment Income
$2
Other Revenue
$223,151
All Other Contributions
$461,495
Change in Net Assets
$353,227

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,687,582
Total Revenue per Audited Statements
$2,687,582
Total Revenue per Form 990
$2,687,582
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,421,138
Other Expenses$466,820
Grants and Similar Amounts Paid$446,397
Total Fundraising Expense$65,633
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,073,660$11,240$49,376$1,134,276
Grants to Domestic Individuals$446,397--$446,397
Other Employee Benefits$126,126$1,470$1,162$128,758
Occupancy$102,120$5,441$3,277$110,838
Payroll Taxes$89,998$1,372$3,901$95,271
Current Officers, Directors, Trustees, and Key Employees$57,033$5,800-$62,833
All Other Expenses$37,235$10,371$4,405$52,011
Depreciation Depletion-$31,852-$31,852
Other Expenses$16,567$407$1,258$16,974
Travel$14,016$582$138$14,736
Office Expenses$12,950$435$205$13,590
Insurance$11,332$381$232$11,945
Advertising-$393$139$532
Total Functional Expenses$2,191,985$76,737$65,633$2,334,355

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,334,355
Total Expenses per Audited Statements$2,334,355
Total Expenses per Form 990$2,334,355
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$30,458
Fundraising Direct Expenses$3,422
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Various$30,458$30,458$3,422$27,036
Total Events$30,458$30,458$3,422$27,036
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
No
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, Part VI, Line 11B: Form 990 Review Process

Form 990 is reviewed by the Board of Directors before it is submitted.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Officers and Directors are required to submit a signed written statement declaring whether or not he/she has a conflict of interest with the organization.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

A complete copy of form 990 and the audit report is posted on the web-site of the IL Attorney General. The web-site of the IL Attorney General is open to the general public.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Disclosure of the Organization's governing documents, policies, and financial statements are made available to the general public upon written request.

Filing and Contact Details

Filer

Filer Name
Centro Romero
EIN
36-3517408
Phone
7735085300
Address
6216 N Clark St, Chicago, IL 60660

Signing Officer

Name
Daysi J Funes
Title
Executive Director
Signed
2021-07-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Kasprzynski
Formed
1987
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
Employees
71
Volunteers
156

Preparer

Firm
James M Babic PC
Address
6414 Sinclair Ave, Berwyn, IL 60402
Preparer
James M Babic CPA
Phone
7087497030
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Public Benefits:A total of 1,485 family members benefited from accessing public benefits programs. We also educated 8,969 persons on the importance of preventive health care measures and the availability of health care services through Outreach Activities: organizing community education projects, seminars, workshops, and health fairs. We provided 693 persons with referrals to other agencies. The New Americans Initiative educated 522 immigrants eligible for citizenship. The Community Navigators Program educated 6,207 immigrants about their rights. The Community Technology Project enabled 79 clients of various programs to improve their computer skills.Also, in 2020 Centro Romero provided financial aid to impoverished individuals who incurred severe financial loss (i.e. job loss, significant reduction of hours, etc..) due to the government-imposed COVID 19 pandemic lockdowns. OTHER PROGRAM SERVICES 5: In the Youth Program, 60 youngsters between the ages of six through 13 attended an intensive age-specific after-school project that includes academic support, tutoring, recreational activities, and field trips to museums, and 190 older youth attended the BRAVE program, a violence prevention initiative. Additionally, 398 children and adults attended special events. Also, 36 parents of those program participants benefited from monthly educational workshops.

Financial Statement Notes

Part X : FIN48 Footnote

Centro Romero is exempt from federal taxes under Section 501(c)3 of the Internal Revenue Code. Contributions to Centro Romero qualify as charitable contributions under Section 170(b)(1)(A). Centro Romero is classified as an organization that is not a private foundation under Section 509(a)(2). Centro Romero's management has determined that FASB ASC 740-10, which addresses accounting for uncertainty in income taxes, has no effect on its financial statements due to Centro Romero's tax-exempt status.

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IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt01056938
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0446397
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0446397
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02691004
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/FundraisingAmt0232
IRS990/InsuranceGrp/ManagementAndGeneralAmt0381
IRS990/InsuranceGrp/ProgramServicesAmt011332
IRS990/InsuranceGrp/TotalAmt011945
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt02
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt022
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0115076
IRS990/LandBldgEquipBasisNetGrp/BOYAmt080159
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0184381
IRS990/LandBldgEquipCostOrOtherBssAmt0299457
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Assist disadvantaged residents of Chicago's Edgewater, Rogers Park, and Uptown neighborhoods.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0865068
IRS990/NetAssetsOrFundBalancesEOYAmt01218295
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt027036
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0751968
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0957562
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt03277
IRS990/OccupancyGrp/ManagementAndGeneralAmt05441
IRS990/OccupancyGrp/ProgramServicesAmt0102120
IRS990/OccupancyGrp/TotalAmt0110838
IRS990/OfficeExpensesGrp/FundraisingAmt0205
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0435
IRS990/OfficeExpensesGrp/ProgramServicesAmt012950
IRS990/OfficeExpensesGrp/TotalAmt013590
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt011885
IRS990/OtherAssetsTotalGrp/EOYAmt011885
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01162
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01470
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0126126
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0128758
IRS990/OtherExpensesGrp/Desc0Contract services and stipends
IRS990/OtherExpensesGrp/Desc1Equipment rent, maintenance
IRS990/OtherExpensesGrp/Desc2Educational materials
IRS990/OtherExpensesGrp/Desc3Program expenditures
IRS990/OtherExpensesGrp/FundraisingAmt01540
IRS990/OtherExpensesGrp/FundraisingAmt11258
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02774
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14219
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2407
IRS990/OtherExpensesGrp/ProgramServicesAmt0112711
IRS990/OtherExpensesGrp/ProgramServicesAmt162461
IRS990/OtherExpensesGrp/ProgramServicesAmt229379
IRS990/OtherExpensesGrp/ProgramServicesAmt316567
IRS990/OtherExpensesGrp/TotalAmt0117025
IRS990/OtherExpensesGrp/TotalAmt167938
IRS990/OtherExpensesGrp/TotalAmt229379
IRS990/OtherExpensesGrp/TotalAmt316974
IRS990/OtherInd0X
IRS990/OtherRevenueMiscGrp/Desc0Forgivess of SBA PPP loan
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0196115
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0196115
IRS990/OtherRevenueTotalAmt0196115
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt049376
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011240
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01073660
IRS990/OtherSalariesAndWagesGrp/TotalAmt01134276
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt03901
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01372
IRS990/PayrollTaxesGrp/ProgramServicesAmt089998
IRS990/PayrollTaxesGrp/TotalAmt095271
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0345972
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0401218
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08120
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02971
IRS990/PrincipalOfficerNm0Michael Kasprzynski
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Contract fees and awards
IRS990/ProgramServiceRevenueGrp/Desc1Program service fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0655637
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1290359
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0655637
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1290359
IRS990/ProgSrvcAccomActy2Grp/Desc0The Adult Education Program served 748 students. We instructed 313 adults in English as a Second Language (ESL), 72 in General Educational Development (GED), 201 adults attended citizenship test preparation classes, 22 received vocational training for a healthcare career, and 50 young children and parents participated in family literacy. Fifty-five adults received job-readiness training and 10 students learned to read and write in Spanish.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0533155
IRS990/ProgSrvcAccomActy3Grp/Desc0The Legal Services Program served 2,268 clients with immigration and naturalization issues. These client numbers include 134 adults who completed applications for citizenship, 43 clients that became lawful permanent residents (LPR), and another 62 clients who were naturalized. We processed new and renewal applications for the Deferred Action for Childhood Arrivals (DACA) for 749 persons.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0308995
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0731264
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0481506
IRS990/PYOtherRevenueAmt029096
IRS990/PYProgramServiceRevenueAmt0787403
IRS990/PYRevenuesLessExpensesAmt0-82856
IRS990/PYSalariesCompEmpBnftPaidAmt01149116
IRS990/PYTotalExpensesAmt01630622
IRS990/PYTotalRevenueAmt01547766
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0353227
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01545469
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0759491
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0929073
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0793166
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0646504
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04673703
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt014

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