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Nonprofiteer
← CENTENNIAL PLACE ACADEMY INC

Form 990 for tax year 2022

Filed by CENTENNIAL PLACE ACADEMY INC.

Totals

Total revenue
$14,961,312
Total expenses
$14,151,593
Contributions and grants received
$14,757,514
Grants paid
$0
Program service revenue
$82,051
Investment income
$119,889
Other revenue
$1,858
Total assets, end of year
$10,614,320
Total liabilities, end of year
$660,153
Net assets or fund balances, end of year
$9,954,167
Program services expenses (Part IX)
$11,934,003
Management and general expenses
$2,161,308
Fundraising expenses
$56,282
Program service expenses (Part III)
$11,934,003

Program services were 84.3% 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)

    $14,584,168

  • 1f · All other contributions, gifts and grants

    $173,346

  • 2a · Program service revenue: SCHOOL ACTIVITIES INCOME

    total $82,051 · related or exempt $82,051

  • 3 · Investment income

    total $119,889 · excluded $119,889

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,858 · related or exempt $1,858

  • 11e · Other revenue, total

    $1,858

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $545,708 · program services $474,766 · management and general $70,942

  • 7 · Other salaries and wages

    total $7,044,685 · program services $5,818,975 · management and general $1,182,899 · fundraising $42,811

  • 8 · Pension plan contributions

    total $1,281,377 · program services $1,061,802 · management and general $211,883 · fundraising $7,692

  • 9 · Other employee benefits

    total $941,897 · program services $796,185 · management and general $140,622 · fundraising $5,090

  • 10 · Payroll taxes

    total $122,165 · program services $110,199 · management and general $11,277 · fundraising $689

  • 11a · Fees: management

    total $124,605 · management and general $124,605

  • 11b · Fees: legal

    total $76,521 · management and general $76,521

  • 11c · Fees: accounting

    total $168,008 · management and general $168,008

  • 11g · Fees: other

    total $198,315 · program services $160,724 · management and general $37,591

  • 13 · Office expenses

    total $26,343 · management and general $26,343

  • 14 · Information technology

    total $84,647 · program services $84,647

  • 16 · Occupancy

    total $1,015,605 · program services $1,015,605

  • 17 · Travel

    total $333,591 · program services $333,591

  • 22 · Depreciation, depletion and amortization

    total $517,246 · program services $517,246

  • 23 · Insurance

    total $117,759 · program services $106,372 · management and general $11,387

  • 24a · Other expenses: INSTRUCTIONAL EXPENSES

    total $1,012,218 · program services $1,012,218

  • 24b · Other expenses: TRAINING AND STAFF DEVE

    total $437,292 · program services $437,292

  • 24c · Other expenses: COMMUNITY SUPPORT

    total $80,365 · management and general $80,365

  • 24d · Other expenses: STAFF WELLNESS

    total $11,111 · management and general $11,111

  • 24e · All other expenses

    total $12,135 · program services $4,381 · management and general $7,754

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,850,172 · end of year $3,505,713

  • 3 · Pledges and grants receivable

    beginning of year $2,545,168 · end of year $2,081,844

  • 4 · Accounts receivable

    beginning of year $282,179 · end of year $165,490

  • 9 · Prepaid expenses and deferred charges

    beginning of year $119,940 · end of year $59,968

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

    $5,087,377

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

    $3,331,613

  • 10c · Land, buildings and equipment, net

    beginning of year $1,862,036 · end of year $1,755,764

  • 12 · Investments: other securities

    end of year $3,045,541

  • 17 · Accounts payable and accrued expenses

    beginning of year $515,047 · end of year $660,153

  • 27 · Net assets without donor restrictions

    beginning of year $9,144,448 · end of year $9,954,167

Mission and programs · 2022

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 $11,934,003 · Revenue $83,909

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

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 As Of 022023

    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
  • Joseph Handy Until 102022

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jessica Olowoyo As Of 712022

    HEAD OF SCHOOL

    Total calculated
    $147,405
    From this org
    $116,545
    From related orgs
    $0
    Other
    $30,860
    Hours/week
    40
  • Tequila Lamar Until 6302022

    IMMEDIATE PAST HEAD OF SCHOOL

    Total calculated
    $107,055
    From this org
    $82,408
    From related orgs
    $0
    Other
    $24,647
    Hours/week
    40
  • Stephanie Hodges

    PRINCIPAL

    Total calculated
    $148,047
    From this org
    $111,104
    From related orgs
    $0
    Other
    $36,943
    Hours/week
    40
  • Julien M Siah

    DIRECTOR OF OPERATIONS

    Total calculated
    $147,500
    From this org
    $112,201
    From related orgs
    $0
    Other
    $35,299
    Hours/week
    40
  • Ezequiel Alejandro II

    DIRECTOR OF DATA & ANALYTICS

    Total calculated
    $170,786
    From this org
    $138,753
    From related orgs
    $0
    Other
    $32,033
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,753
    Bonus
    $0
    Other
    $0
    Deferred
    $27,605
    Nontaxable benefits
    $4,428
    Filer's total
    $170,786
  • Adina D Wade

    PERSONALIZED LEARNING SPECIALIST

    Total calculated
    $130,416
    From this org
    $100,138
    From related orgs
    $0
    Other
    $30,278
    Hours/week
    40
  • Angela-Dama Hendricks

    ASSISTANT PRINCIPAL

    Total calculated
    $125,943
    From this org
    $101,102
    From related orgs
    $0
    Other
    $24,841
    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
2022
Filed
2 May 2024
IRS schema version
2022v5.0
Source object
202431289349300013

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