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Nonprofiteer
← CENTERSTATE CEO FOUNDATION INC

Form 990 for tax year 2023

Filed by CENTERSTATE CEO FOUNDATION INC.

Totals

Total revenue
$754,823
Total expenses
$656,710
Contributions and grants received
$751,135
Grants paid
$17,000
Program service revenue
$0
Investment income
$3,188
Other revenue
$500
Total assets, end of year
$2,218,921
Total liabilities, end of year
$954,486
Net assets or fund balances, end of year
$1,264,435
Program services expenses (Part IX)
$656,710
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$656,710

Program services were 100.0% 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)

    $50,000

  • 1f · All other contributions, gifts and grants

    $701,135

  • 3 · Investment income

    total $3,188 · excluded $3,188

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $500 · related or exempt $500

  • 11e · Other revenue, total

    $500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,000 · program services $17,000

  • 7 · Other salaries and wages

    total $19,698 · program services $19,698

  • 10 · Payroll taxes

    total $1,193 · program services $1,193

  • 11c · Fees: accounting

    total $2,160 · program services $2,160

  • 11g · Fees: other

    total $21,089 · program services $21,089

  • 12 · Advertising and promotion

    total $1,266 · program services $1,266

  • 13 · Office expenses

    total $727 · program services $727

  • 17 · Travel

    total $585 · program services $585

  • 23 · Insurance

    total $1,962 · program services $1,962

  • 24a · Other expenses: PROGRAM EXPENSE

    total $590,764 · program services $590,764

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $266 · program services $266

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $911,562 · end of year $941,035

  • 2 · Savings and temporary cash investments

    beginning of year $10,477 · end of year $11,274

  • 4 · Accounts receivable

    beginning of year $500 · end of year $86,500

  • 7 · Other notes and loans receivable

    end of year $118,324

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,619 · end of year $1,719

  • 13 · Investments: program-related

    beginning of year $577,177 · end of year $577,808

  • 15 · Other assets

    beginning of year $482,261 · end of year $482,261

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,632 · end of year $155,993

  • 19 · Deferred revenue

    beginning of year $330,252 · end of year $424,062

  • 25 · Other liabilities

    beginning of year $480,021 · end of year $374,431

  • 27 · Net assets without donor restrictions

    beginning of year $728,715 · end of year $881,898

  • 28 · Net assets with donor restrictions

    beginning of year $436,976 · end of year $382,537

Mission and programs · 2023

Mission

TO ATTRACT PHILANTHROPIC SUPPORT FOR CENTERSTATE CEO PROGRAMS THAT REMOVE BARRIERS TO ECONOMIC PROSPERITY FOR PEOPLE AND PLACES. THESE PROGRAMS HELP RESIDENTS ACCESS QUALITY JOBS, INCLUSIVE WORKPLACES, AND ENTREPRENEURSHIP OPPORTUNITIES, AS WELL AS BUILD VIBRANT NEIGHBORHOOD BUSINESS CENTERS.

  • TO ATTRACT PHILANTHROPIC SUPPORT FOR CENTERSTATE CEO PROGRAMS THAT REMOVE BARRIERS TO ECONOMIC PROSPERITY FOR PEOPLE AND PLACES. THESE PROGRAMS HELP RESIDENTS ACCESS QUALITY JOBS, INCLUSIVE WORKPLACES, AND ENTREPRENEURSHIP OPPORTUNITIES, AS WELL AS BUILD VIBRANT NEIGHBORHOOD BUSINESS CENTERS.

    Expenses $656,710 · Grants $17,000 · Revenue $500

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • NATHAN ANDREWS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VICKI BRACKENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EVELYN INGRAM

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARGARET O'CONNELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELANIE LITTLEJOHN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVE NUTTING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY PENIX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID SCHNECKENBURGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT SIMPSON

    PRESIDENT

    Total calculated
    $399,163
    From this org
    $0
    From related orgs
    $322,752
    Other
    $76,411
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $317,424 related
    Bonus
    $0
    Other
    $0 + $5,328 related
    Deferred
    $0 + $37,588 related
    Nontaxable benefits
    $0 + $38,823 related
    Filer's total
    $0 + $399,163 related

  • GAIL COWLEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • SUSAN CROSSETT

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MANTOSH DEWAN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL NASH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIMBERLY TOWNSEND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES REED

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY MURPHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN HUHTALA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SOMAK CHATTOPADHYAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN FOURNIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC MOWER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS SCHNEIDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIK SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN GORCZYNSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LORI DIETZ

    SVP OF ADMINISTRATION & HU

    Total calculated
    $160,388
    From this org
    $0
    From related orgs
    $141,188
    Other
    $19,200
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,648 related
    Bonus
    $0
    Other
    $0 + $540 related
    Deferred
    $0 + $6,815 related
    Nontaxable benefits
    $0 + $12,385 related
    Filer's total
    $0 + $160,388 related

  • KELLY FURMAROLA

    EXECUTIVE DIRECTOR

    Total calculated
    $106,578
    From this org
    $15,480
    From related orgs
    $70,826
    Other
    $20,272
    Hours/week
    7 + 34 related

  • MARIAN FRANCHER

    SENIOR DIRECTOR OF FINANCE

    Total calculated
    $57,540
    From this org
    $0
    From related orgs
    $57,103
    Other
    $437
    Hours/week
    1 + 40 related

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

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

PART I, LINE 3
THE RELATED ORGANZATION REQUIRES BOARD/COMPENSATION COMMITTEE APPROVAL OF SALARIES.

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

  • IT TAKES A VILLAGE LLC

    $7,000

    PROGRAM FUNDING

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GREATER SYRACUSE SERVICE CORP

    C · INSURANCE · NY

    Directly controlled by GREATER SYRACUSE CHAMBER OF COMMERCE

  • CENTERSTATE CEO HOLDINGS LLC

    C · INVESTMENT HOLDING COMPANY · NY · 17.62% owned · share of income $1,408 · share of assets $586,588

    Directly controlled by CENTERSTATE CORP FOR ECONOMIC OPPURTUNITY

Provenance

Return type
form_990
Tax year
2023
Filed
11 September 2024
IRS schema version
2023v5.1
Source object
202442719349301629

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