Civic Intelligence

Centro Community Partners

990 • Fiscal year 2019 • EIN 45-2992960

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 02, 2020

Organization Profilewww.centrocommunity.org

View Organization Page

825 Washington St 228Oakland, CA 94607

(510) 556-4249

Siviq Scores

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

Liabilities / Assets

65th percentile

0.10x

Higher debt load relative to assets than 65% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

56th percentile

0.05x

Higher debt load relative to revenue than 56% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

77th percentile

$72,000

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

98th percentile

282%

Faster asset growth than 98% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

91st percentile

78%

Faster revenue growth than 91% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$362,379

Up $267,455 (+282%) from 2018

Net Assets

Up

$324,494

Up $250,387 (+338%) from 2018

Liabilities

Up

$37,885

Up $17,068 (+82%) from 2018

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin84th percentile

Revenue

Up

$835,721

Up $365,160 (+78%) from 2018

Expenses

Up

$585,334

Up $91,835 (+19%) from 2018

Net Income

Up

$250,387

Up $273,325 (+1192%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2013: $29,185Liabilities 2013: $14,490Net Assets 2013: $14,6952013Assets 2014: $26,988Liabilities 2014: $20,4132014Assets 2015: $65,557Liabilities 2015: $23,687Net Assets 2015: $41,8702015Assets 2016: $149,084Liabilities 2016: $59,062Net Assets 2016: $90,0222016Assets 2017: $147,186Liabilities 2017: $50,141Net Assets 2017: $97,0452017Assets 2018: $94,924Liabilities 2018: $20,817Net Assets 2018: $74,1072018Assets 2019: $362,379Liabilities 2019: $37,885Net Assets 2019: $324,4942019Assets 2020: $669,400Liabilities 2020: $135,276Net Assets 2020: $534,1242020Assets 2021: $1,288,160Liabilities 2021: $133,682Net Assets 2021: $1,154,4782021Assets 2022: $2,833,662Liabilities 2022: $95,028Net Assets 2022: $2,738,6342022Assets 2023: $2,589,838Liabilities 2023: $95,096Net Assets 2023: $2,494,7422023Assets 2024: $3,078,130Liabilities 2024: $87,330Net Assets 2024: $2,990,8002024

Highlighted filing

2019

Assets$362,379
Liabilities$37,885
Net Assets$324,494
Open 2019 Filing

Operations Trend

Revenue Growth91st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $100,411Expenses 2013: $75,133Net Income 2013: $25,2782013Revenue 2014: $162,694Expenses 2014: $159,830Net Income 2014: $2,8642014Revenue 2015: $433,054Expenses 2015: $401,990Net Income 2015: $31,0642015Revenue 2016: $523,236Expenses 2016: $475,084Net Income 2016: $48,1522016Revenue 2017: $461,936Expenses 2017: $443,172Net Income 2017: $18,7642017Revenue 2018: $470,561Expenses 2018: $493,499Net Income 2018: -$22,9382018Revenue 2019: $835,721Expenses 2019: $585,334Net Income 2019: $250,3872019Revenue 2020: $971,435Expenses 2020: $761,805Net Income 2020: $209,6302020Revenue 2021: $1,589,193Expenses 2021: $968,839Net Income 2021: $620,3542021Revenue 2022: $2,926,541Expenses 2022: $1,342,385Net Income 2022: $1,584,1562022Revenue 2023: $1,320,793Expenses 2023: $1,564,685Net Income 2023: -$243,8922023Revenue 2024: $2,171,374Expenses 2024: $1,679,501Net Income 2024: $491,8732024

Highlighted filing

2019

Revenue$835,721
Expenses$585,334
Net Income$250,387
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 2, 2020
Return Version
2018v3.1
Gross Receipts
$835,721
Mission and Program Overview

Mission

Centro Community Partners (Centro) provides the underserved, low income entrepreneurs with entrepreneurship education, one-on-one business advising, mentorship, and access to capital.

To provide services to low income entrepreneurs with education business advising mentorship and access to capital

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$46,993$191,510▲ $144,517
Accounts Receivable$44,159$127,355▲ $83,196
Savings and Temporary Cash Investments$1,001$42,307▲ $41,306
Prepaid Expenses and Deferred Charges$1,931$799▼ $1,132
Land, Buildings, and Equipment, Net$840$408▼ $432
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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$94,924$362,379▲ $267,455
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$20,817$37,885▲ $17,068
Total Liabilities$20,817$37,885▲ $17,068
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$322,500-
Unrestricted Net Assets$74,107$1,994▼ $72,113
Total Net Assets Fund Balance$74,107$324,494▲ $250,387
Total Liabilities and Net Assets / Fund Balance$94,924$362,379▲ $267,455

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$408$3,475$3,883
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Arturo NoriegaCEOFT$72,000$72,000
Naldo PeliksCOOFT$72,000$72,000

Board Members and Trustees

NameTitle
Steve PetersenDirector
Simone HarveySecretary
Carly PerreraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$805,871
Program Service Revenue
$29,606
Investment Income
$244
Other Revenue
$0
All Other Contributions
$805,871
Change in Net Assets
$250,387

Audited Revenue Reconciliation

Revenue per Audited Statements
$835,721
Revenue Not Reported on Form 990
$97,771
Total Revenue per Audited Statements
$933,492
Total Revenue per Form 990
$835,721
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$343,536
Salaries, Compensation, and Employee Benefits$241,798
Total Fundraising Expense$107,159
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$109,786$31,888$44,215$185,889
Current Officers, Directors, Trustees, and Key Employees$72,000$28,800$43,200$144,000
Other Salaries and Wages$37,118$10,234$7,753$55,105
Payroll Taxes$14,484$23,149$3,908$41,541
Occupancy$2,489$19,722-$22,211
Travel$6,613$9,270$5,344$21,227
Advertising$7,094$9,513$2,584$19,191
Information Technology$2,537$10,180-$12,717
Fees for Services Accounting-$8,626-$8,626
Other Expenses$2,986$3,836$33$3,836
All Other Expenses$720$2,560$74$3,354
Fees for Services Legal-$2,351-$2,351
Other Employee Benefits-$1,152-$1,152
Interest-$763-$763
Insurance-$516-$516
Depreciation Depletion-$432-$432
Total Functional Expenses$306,901$171,274$107,159$585,334

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$683,105
Expenses per Audited Statements$585,334
Total Expenses per Form 990$585,334
Expenses Not Reported on Form 990$97,771
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
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
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Copy of 990 will be emailed to board for review and approval. Board members will email written confirmation of their approval.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Salary surveys were researched and then sent to Centrosboard for review. New salary was proposed and board reviewed and sent written approval.”

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

“Available upon request”

Filing and Contact Details

Filer

Filer Name
Centro Community Partners
EIN
45-2992960
Phone
5105564249
Address
825 Washington St 228, Oakland, CA 94607

Signing Officer

Name
Arturo Noriega
Title
CEO
Signed
2020-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arturo Noriega
Formed
2011
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
5
Volunteers
20

Preparer

Firm
Iryna Ac
Address
1000 Broadway 200-G, Oakland, CA 94607
Preparer
Iryna Oreshkova CPA
Phone
5104679506
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“Centro is recognized as a public charity exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code, whereby only unrelated business income, as defined by Section 512(a)(1) of the Internal Revenue Code and similar code section of the California Revenue and Taxation Code, is subject to income tax. Management believes that all of Centros income was directly related to its exempt purpose, thus the accompanying financial statements do not include any provision for income taxes.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0Advanced Entrepreneurship Readiness Program (ERP) is created for those who have completed a basic entrepreneurship program or similar training, have a portfolio of products or services, and want help developing a business model they can act upon. The ERP is a 14-week in-class program that prepares entrepreneurs to launch and grow their businesses. Each entrepreneur is paired with a MBA student advisor and creates a business plan, financials, and growth plan to reach $100,000 in revenue within three years.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt081240
IRS990/ProgSrvcAccomActy3Grp/Desc0Mobile App Entrepreneurship Program is a free mobile self-pace tool that walks entrepreneurs through a series of fun activities to produce a micro-loan ready business plan. It is offered in English, Spanish, Russian and Portuguese, and has delivered over 2,500 business plans in 156 countries. In addition, Entrepreneurship Suite (E-Suite) combines Centros mobile BPA, entrepreneurship and financial literacy curriculum, facilitators guide and an online train-the-trainer program to enable non-profit with the ability to provide an affordable, effective and scalable training program.
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IRS990ScheduleD/DonatedServicesUseFcltsAmt097771
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt03475
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Centro is recognized as a public charity exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code, whereby only unrelated business income, as defined by Section 512(a)(1) of the Internal Revenue Code and similar code section of the California Revenue and Taxation Code, is subject to income tax. Management believes that all of Centros income was directly related to its exempt purpose, thus the accompanying financial statements do not include any provision for income taxes.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Copy of 990 will be emailed to board for review and approval. Board members will email written confirmation of their approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Salary surveys were researched and then sent to Centrosboard for review. New salary was proposed and board reviewed and sent written approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Available upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalVolunteersCnt020

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$362,379
Liabilities
$37,885
Net assets
$324,494
Revenue
$835,721
Expenses
$585,334
Net income
$250,387
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.08$0.09$2.99$2.17$1.68$0.49
2023Detailed filing. Detailed filing data is available for this year.$2.59$0.10$2.49$1.32$1.56$0.24
2022Detailed filing. Detailed filing data is available for this year.$2.83$0.10$2.74$2.93$1.34$1.58
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.13$1.15$1.59$0.97$0.62
2020Detailed filing. Detailed filing data is available for this year.$0.67$0.14$0.53$0.97$0.76$0.21
2019Detailed filing. Detailed filing data is available for this year.$0.36$0.04$0.32$0.84$0.59$0.25
2018Detailed filing. Detailed filing data is available for this year.$0.09$0.02$0.07$0.47$0.49$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.15$0.05$0.10$0.46$0.44$0.02
2016Summary only. Only limited summary data is available for this year.$0.15$0.06$0.09$0.52$0.48$0.05
2015Summary only. Only limited summary data is available for this year.$0.07$0.02$0.04$0.43$0.40$0.03
2014Summary only. Only limited summary data is available for this year.$0.03$0.02$0.16$0.16$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.01$0.01$0.10$0.08$0.03