Civic Intelligence

Centro Community Partners

990 • Fiscal year 2020 • EIN 45-2992960

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 19, 2021

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

69th percentile

0.20x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

63rd percentile

0.14x

Higher debt load relative to revenue than 63% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

72nd percentile

22%

Higher net margin than 72% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

84th percentile

$89,217

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 9.2% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

89th percentile

85%

Faster asset growth than 89% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

71st percentile

16%

Faster revenue growth than 71% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$669,400

Up $307,021 (+85%) from 2019

Net Assets

Up

$534,124

Up $209,630 (+65%) from 2019

Liabilities

Up

$135,276

Up $97,391 (+257%) from 2019

Revenue

Up

$971,435

Up $135,714 (+16%) from 2019

Expenses

Up

$761,805

Up $176,471 (+30%) from 2019

Net Income

Down

$209,630

Down $40,757 (-16%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$669,400
Liabilities$135,276
Net Assets$534,124

Operations Trend

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

2020

Revenue$971,435
Expenses$761,805
Net Income$209,630
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 19, 2021
Return Version
2019v5.0
Gross Receipts
$971,435
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
Savings and Temporary Cash Investments$42,307$234,315▲ $192,008
Cash and Non-Interest-Bearing Accounts$191,510$233,909▲ $42,399
Pledges and Grants Receivable$127,355$199,968▲ $72,613
Prepaid Expenses and Deferred Charges$799$1,208▲ $409
Land, Buildings, and Equipment, Net$408$0▼ $408
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$362,379$669,400▲ $307,021
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$37,885$81,494▲ $43,609
Unsecured Notes Loans Payable-$53,782-
Total Liabilities$37,885$135,276▲ $97,391
Net Assets / Fund Balance
Net Assets With Donor Restrictions$322,500$313,750▼ $8,750
Net Assets Without Donor Restrictions$1,994$220,374▲ $218,380
Total Net Assets Fund Balance$324,494$534,124▲ $209,630
Total Liabilities and Net Assets / Fund Balance$362,379$669,400▲ $307,021

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$3,883$3,883
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Arturo NoriegaExecutive DirectorFT$89,217$89,217
Naldo PeliksCOOFT$82,669$82,669

Board Members and Trustees

NameTitle
Steve PetersenDirector
Simone HarveySecretary
Carly PerreraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$890,250
Program Service Revenue
$80,411
Investment Income
$774
Other Revenue
$0
All Other Contributions
$890,250
Change in Net Assets
$209,630

Audited Revenue Reconciliation

Revenue per Audited Statements
$971,435
Revenue Not Reported on Form 990
$25,208
Total Revenue per Audited Statements
$996,643
Total Revenue per Form 990
$971,435
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$444,516
Other Expenses$317,289
Total Fundraising Expense$144,002
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$171,197$24,387$41,667$237,251
Current Officers, Directors, Trustees, and Key Employees$77,349$25,783$68,755$171,887
Information Technology$97,763$1,179-$98,942
Fees for Services Other$41,522$4,815$5,236$51,573
Fees for Services Accounting-$35,900-$35,900
Payroll Taxes$20,919$3,519$10,940$35,378
Travel$2,135$3,660$15,742$21,537
Advertising$12,836--$12,836
Occupancy$4,831$6,817-$11,648
Office Expenses$4,938$3,549$556$9,043
Conferences and Meetings$3,482$2,883$1,106$7,471
Other Expenses$2,945$3,874-$3,874
Fees for Services Legal-$2,780-$2,780
Interest-$1,409-$1,409
Insurance-$1,252-$1,252
Depreciation Depletion-$408-$408
Total Functional Expenses$485,448$132,355$144,002$761,805

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$787,013
Expenses per Audited Statements$761,805
Total Expenses per Form 990$761,805
Expenses Not Reported on Form 990$25,208
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 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
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
Executive Director
Signed
2021-04-19
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
10
Volunteers
10

Preparer

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

Additional Explanations

Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services

Programs were simplified for FY20 but the focus remains the same - business training and mentoring for under-served entrepreneurs.

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 the Internal Revenue Code 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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IRS990/Desc0Centro divides its program into four activities as follows:Basic Entrepreneurship Program (BEP). Activity is designed for individuals primarily on the idea stage of their business and who have not been exposed yet to any business education. This activity is an 8-week, 25 hours in-class activity that teaches women and minority entrepreneurs about basic business functions such as strategy, business finance, market analysis, operations, personal finance, products and services resulting in a business plan.Advanced Entrepreneurship Program (AEP). Activity 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 an 8-week 25 hours in-class program that prepares entrepreneurs to launch and grow their businesses. Each entrepreneur creates a business plan, financials, and growth plan to reach $100,000 in revenue.Centro Business Planning App (BPA). Activity is a free mobile self-pace tool that walks entrepreneurs through a series of fun activities to produce a micro-loan ready business plan on their phone. It is offered in English, Spanish, Russian and Portuguese, and has delivered 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.Kiva Capital Hub Activity - Kiva US is an online crowdfunding platform that provides entrepreneurs with 0% interest loans of up to $15,000. Through Centros partnership with Kiva US, the Organization can endorse entrepreneurs who have completed the Centro Business Planning and Advanced Entrepreneurship Readiness Activity. Centro endorses entrepreneurs with Centro Community Partners Kiva Trustee account, which can be used to promote crowdfunding campaign to the community of supporters.
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IRS990/PayrollTaxesGrp/FundraisingAmt010940
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03519
IRS990/PayrollTaxesGrp/ProgramServicesAmt020919
IRS990/PayrollTaxesGrp/TotalAmt035378
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0127355
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0199968
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0799
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01208
IRS990/PrincipalOfficerNm0Arturo Noriega
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IRS990/RevenueAmt080411
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt042307
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0234315
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0890250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0805871
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0774
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0244
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt069
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt021
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01108
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0335940
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IRS990ScheduleA/PublicSupportPY170Pct00.60510
IRS990ScheduleA/PublicSupportTotal170Amt01565628
IRS990ScheduleA/SubstantialContributorsTotAmt01363060
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0890250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0805871
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02928688
IRS990ScheduleA/TotalSupportAmt02929796
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleD/DonatedServicesUseFcltsAmt025208
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03883
IRS990ScheduleD/ExpensesNotReportedAmt025208
IRS990ScheduleD/ExpensesSubtotalAmt0761805
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt025208
IRS990ScheduleD/RevenueSubtotalAmt0971435
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 the Internal Revenue Code 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
IRS990ScheduleD/TotalExpensesPerForm990Amt0761805
IRS990ScheduleD/TotalRevenuePerForm990Amt0971435
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0996643
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0787013
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Programs were simplified for FY20 but the focus remains the same - business training and mentoring for under-served entrepreneurs.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Copy of 990 will be emailed to board for review and approval. Board members will email written confirmation of their approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Salary surveys were researched and then sent to Centrosboard for review. New salary was proposed and board reviewed and sent written approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Available upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalContributionsAmt0890250
IRS990/TotalEmployeeCnt010
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0132355
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0485448
IRS990/TotalFunctionalExpensesGrp/TotalAmt0761805
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IRS990/TotalLiabilitiesEOYAmt0135276
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IRS990/TotalProgramServiceExpensesAmt0485448
IRS990/TotalProgramServiceRevenueAmt080411
IRS990/TotalReportableCompFromOrgAmt0171886
IRS990/TotalRevenueGrp/ExclusionAmt0774
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt080411
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0971435
IRS990/TotalVolunteersCnt010
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0669400
IRS990/TravelGrp/FundraisingAmt015742
IRS990/TravelGrp/ManagementAndGeneralAmt03660
IRS990/TravelGrp/ProgramServicesAmt02135
IRS990/TravelGrp/TotalAmt021537
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt053782
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0825 Washington St 228
IRS990/USAddress/CityNm0Oakland
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094607
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.centrocommunity.org
IRS990/WhistleblowerPolicyInd0true

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