Centro Las Olas EIN 20-5092900 Form 990 (PDF) Claim this org

Centro Las Olas FY2023 filing

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Provides early childhood education and parent support programs. For fiscal year 2023 it reported $332K in revenue, $319K in expenses, and $309K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
San Francisco, CA
Website
www.centrolasolas.com
Filings
5 on file (2021–2023)
Revenue
$332KFY2023
Expenses
$319K
Net assets
$309K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-5092900 Public charity (501(c)(3)) San Francisco, CA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Provides early childhood education and parent support programs.
Leadership
Elizabeth Quinn · Boardmember · $34K
Money in and out
$332K revenue, $319K expenses
Bottom line
99% program efficiency
Where the money goes · FY2023
Total revenue
$332K
Pt VIII · Ln 12
Total expenses
$319K
Pt IX · Ln 25
Net assets
$309K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $14K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01 Fundraising $0.00
Program efficiency
99%
of spending reaches programs
Operating runway
14.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$332K
FY2023▲ +40%
Expenses
$319K
FY2023▲ +48%
Total assets
$390K
FY2023▲ +25%
Total liabilities
$81K
FY2023▲ +378%
Total revenue
$332K
Pt VIII · Ln 12
Total expenses
$319K
Pt IX · Ln 25
Net assets
$309K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$14K
Total assetsPt X · Ln 16$390K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $314K of program spending, described in the organization's own filed words · FY2022.
01

The organization provides early childhood and parent education. It operates a Spanish immersion preschool program and educates parents in child development.

$314Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCentro Las Olas
EINHdr · item D20-5092900
Principal addressHdr · item CSan Francisco, CA
WebsiteHdr · item Jwww.centrolasolas.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B990)
Ruling yearIRS BMFMar 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Boardmember
$34,143Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Boardmember
$0Pt VII · Sec A

Elizabeth Quinn’s $77K as Staff Representative (non-Voting Role) is at the 69th percentile of top reported officer pay among 1615 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Elizabeth Quinn$77,012$80,002$34,143$68,505$66,325
Erica Cerda$19,936

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$258K · 78%
Contributions & grants$74K · 22%
Program service revenue78%$258K
Contributions & grants22%$74K
Investment income$129
Total revenueLn 12$332K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01 Fundraising $0.00
Program services99%$314K
Management & general1%$4K
Fundraising$360
Total functional expensesLn 25$319K

Balance Sheet

Part X · end of year
CashLn 1$385K
Total assetsLn 16$390K
Total liabilitiesLn 26$81K
Total net assetsLn 32$309K
Months of cash on handcomputed14.5

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $385K · Operating expenses/yr $319K
14.5 months
Where the money goes
Program services
Program services $314K · Total expenses $319K
99%
Management & General
Management & general $4K · Total expenses $319K
1%
Fundraising
Fundraising $360 · Total expenses $319K
0.1%
Cost to raise $1
Fundraising expense (3-yr avg) $120 · Solicited contributions (3-yr avg) $38K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $74K · Total revenue $332K
22%
Government reliance
Government grants $0 · Total revenue $332K
0%
Earned-income share
Program service revenue $258K · Total revenue $332K
78%
Investment reliance
Investment income $129 · Total revenue $332K
+0.04%
Program self-sufficiency
Program service revenue $258K · Total expenses $319K
81%
Growth & trend
Revenue growth (YoY)
This year $332K · Prior year $238K
+40%
Net-asset trend (YoY)
End of year $309K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $332K · Expenses $319K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $390K
Net-asset ratio
Net assets $309K · Total assets $390K
79%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $390K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Elizabeth Quinn · Reported title Boardmember · Highest reported compensation $34K · Total expenses $319K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $240K · Total expenses $319K
75%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Fundraising cost ratio 0.5%
Revenue growth 40%
Accounting fee ratio 0.8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$3K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$337K revenue · ⤓ 990 PDF
FY2024$372K revenue · ⤓ 990 PDF
FY2023$332K revenue · viewing · ⤓ 990 PDF
FY2022$238K revenue · ⤓ 990 PDF
FY2021$254K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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