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Nonprofiteer
← CENTENNIAL PLACE ACADEMY INC

Form 990 for tax year 2023

Filed by CENTENNIAL PLACE ACADEMY INC.

Totals

Total revenue
$16,874,157
Total expenses
$16,156,501
Contributions and grants received
$16,441,337
Grants paid
$0
Program service revenue
$51,404
Investment income
$273,048
Other revenue
$108,368
Total assets, end of year
$11,490,705
Total liabilities, end of year
$818,882
Net assets or fund balances, end of year
$10,671,823
Program services expenses (Part IX)
$13,193,686
Management and general expenses
$2,913,067
Fundraising expenses
$49,748
Program service expenses (Part III)
$13,193,686

Program services were 81.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $15,976,388

  • 1f · All other contributions, gifts and grants

    $464,949

  • 2a · Program service revenue: SCHOOL ACTIVITIES INCOME

    total $51,404 · related or exempt $51,404

  • 3 · Investment income

    total $273,048 · excluded $273,048

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $108,368 · related or exempt $108,368

  • 11e · Other revenue, total

    $108,368

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $780,868 · program services $485,794 · management and general $270,211 · fundraising $24,863

  • 7 · Other salaries and wages

    total $8,752,560 · program services $7,160,848 · management and general $1,584,537 · fundraising $7,175

  • 8 · Pension plan contributions

    total $1,473,415 · program services $1,202,253 · management and general $261,784 · fundraising $9,378

  • 9 · Other employee benefits

    total $1,033,426 · program services $922,268 · management and general $104,144 · fundraising $7,014

  • 10 · Payroll taxes

    total $163,446 · program services $143,947 · management and general $18,181 · fundraising $1,318

  • 11a · Fees: management

    total $168,816 · management and general $168,816

  • 11b · Fees: legal

    total $57,695 · management and general $57,695

  • 11c · Fees: accounting

    total $185,425 · management and general $185,425

  • 11g · Fees: other

    total $229,860 · program services $185,733 · management and general $44,127

  • 12 · Advertising and promotion

    total $15,445 · management and general $15,445

  • 13 · Office expenses

    total $27,105 · management and general $27,105

  • 14 · Information technology

    total $68,217 · program services $68,217

  • 16 · Occupancy

    total $669,766 · program services $669,766

  • 17 · Travel

    total $411,972 · program services $411,972

  • 22 · Depreciation, depletion and amortization

    total $580,920 · program services $580,920

  • 23 · Insurance

    total $128,859 · program services $117,252 · management and general $11,607

  • 24a · Other expenses: INSTRUCTIONAL EXPENSES

    total $865,048 · program services $865,048

  • 24b · Other expenses: TRAINING AND STAFF DEVE

    total $365,078 · program services $357,341 · management and general $7,737

  • 24c · Other expenses: STAFF WELLNESS

    total $122,797 · management and general $122,797

  • 24d · Other expenses: MISCELLANEOUS

    total $33,456 · management and general $33,456

  • 24e · All other expenses

    total $22,327 · program services $22,327

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,505,713 · end of year $3,237,426

  • 3 · Pledges and grants receivable

    beginning of year $2,081,844 · end of year $159,623

  • 4 · Accounts receivable

    beginning of year $165,490 · end of year $433,306

  • 9 · Prepaid expenses and deferred charges

    beginning of year $59,968 · end of year $337,314

  • 10a · Land, buildings and equipment: cost or other basis

    $5,377,223

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,912,533

  • 10c · Land, buildings and equipment, net

    beginning of year $1,755,764 · end of year $1,464,690

  • 12 · Investments: other securities

    beginning of year $3,045,541 · end of year $5,858,346

  • 17 · Accounts payable and accrued expenses

    beginning of year $660,153 · end of year $818,882

  • 27 · Net assets without donor restrictions

    beginning of year $9,954,167 · end of year $10,671,823

Mission and programs · 2023

Mission

THE MISSION OF CENTENNIAL ACADEMY IS TO PROVIDE EDUCATIONAL EQUITY THROUGH A RIGOROUS STEAM CURRICULUM TO ALL OF ITS SCHOLARS.

  • CENTENNIAL PLACE ACADEMY WILL IMPLEMENT AN EDUCATIONAL PROGRAM FOCUSED ON INCREASING STUDENT ACHIEVEMENT BY ESTABLISHING SCHOOL-SPECIFIC CLASSROOM AND PERSONNEL STRUCTURES TO ADDRESS STUDENT ACHIEVEMENT GOALS, INCLUDING ADJUSTING CLASS SIZE, ADDRESSING READINESS PROMOTION AND HIRING BASED ON A STEAM CURRICULUM AND PROJECT-BASED LEARNING.

    Expenses $13,193,686 · Revenue $159,772

As filed on the 2023 return.

Listed in Part VII

  • EGBERT PERRY

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3
  • RENEE GLOVER

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    3
  • AQUARIA SMITH

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • MAURICE BAKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • REWA BERRY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • CHRISTOPHER BURKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • LIZANNE DESTEFANO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • CHAUNDRA GIPSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • HOWARD GRANT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • DERRICK GERVIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • WALT HIGGINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • DEMETRIUS PATTERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • VIRGINIA SHEPPARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • ALLISON TOLLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • JESSICA OLOWOYO

    HEAD OF SCHOOL

    Total calculated
    $230,698
    From this org
    $180,955
    From related orgs
    $0
    Other
    $49,743
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,356
    Bonus
    $19,599
    Other
    $0
    Deferred
    $33,461
    Nontaxable benefits
    $16,282
    Filer's total
    $230,698
  • STEPHANIE HODGES

    PRINCIPAL

    Total calculated
    $165,973
    From this org
    $124,418
    From related orgs
    $0
    Other
    $41,555
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,418
    Bonus
    $0
    Other
    $0
    Deferred
    $25,273
    Nontaxable benefits
    $16,282
    Filer's total
    $165,973
  • JULIEN M SIAH

    DIRECTOR OF OPERATIONS

    Total calculated
    $155,707
    From this org
    $116,832
    From related orgs
    $0
    Other
    $38,875
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,832
    Bonus
    $0
    Other
    $0
    Deferred
    $23,547
    Nontaxable benefits
    $15,328
    Filer's total
    $155,707
  • EZEQUIEL ALEJANDRO II

    DIRECTOR OF DATA & ANALYTI

    Total calculated
    $171,770
    From this org
    $137,876
    From related orgs
    $0
    Other
    $33,894
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,876
    Bonus
    $0
    Other
    $0
    Deferred
    $26,143
    Nontaxable benefits
    $7,751
    Filer's total
    $171,770
  • ADINA D WADE

    PERSONALIZED LEARNING SPEC

    Total calculated
    $152,085
    From this org
    $114,669
    From related orgs
    $0
    Other
    $37,416
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,669
    Bonus
    $0
    Other
    $0
    Deferred
    $21,849
    Nontaxable benefits
    $15,567
    Filer's total
    $152,085
  • ANGELA DAMA HENDRICKS

    ASSISTANT PRINCIPAL

    Total calculated
    $148,175
    From this org
    $113,689
    From related orgs
    $0
    Other
    $34,486
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511359349303061

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