Centennial Education Foundation EIN 23-2946167 Form 990 (PDF) Claim this org

Centennial Education Foundation

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Funds programs to improve education and community support for Centennial School District students. For fiscal year 2024 it reported $150K in revenue, $135K in expenses, and $677K in net assets.Pt I

Founded
1996
Type
Public charity (501(c)(3)) · Education
Location
Warminster, PA
Website
www.centennialer.org
Filings
4 on file (2021–2024)
Revenue
$150KFY2024
Expenses
$135K
Net assets
$677K
People
23
Filings
4
Updates
0
More identity details & actions ⌄
EIN  23-2946167 Public charity (501(c)(3)) Warminster, PA Founded 1996
Form 990 (PDF)
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Size
$100K–1M
What they do
Funds programs to improve education and community support for Centennial School District students.
Leadership
Jennifer Schultz · Executive Director · $34K
Money in and out
$150K revenue, $135K expenses
Bottom line
79% program efficiency
Where the money goes · FY2024
Total revenue
$150K
Pt VIII · Ln 12
Total expenses
$135K
Pt IX · Ln 25
Net assets
$677K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $15K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.15 Fundraising $0.06
Program efficiency
79%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
60.2mo
months of highly liquid reserves at operating expense rate▼ -14% vs prior filing year
Surplus margin
+10%
revenue over expenses, this year▼ -36% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$150K
FY2024▲ +9%
Expenses
$135K
FY2024▲ +16%
Total assets
$677K
FY2024▼ -0.6%
Total liabilities
$0
FY2024
Total revenue
$150K
Pt VIII · Ln 12
Total expenses
$135K
Pt IX · Ln 25
Net assets
$677K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$15K
Total assetsPt X · Ln 16$677K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 322
Independent voting membersPt I · Ln 422

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCentennial Education Foundation
EINHdr · item D23-2946167
Principal addressHdr · item CWarminster, PA
WebsiteHdr · item Jwww.centennialer.org
Year of formationHdr · item L1996
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFSep 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a22
Independent voting membersPt VI · Ln 1b22
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$34,000Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jennifer Schultz’s $34K as Executive Director is at the 26th percentile of top reported officer pay among 1612 $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 · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Jennifer Schultz$34,000
Carolyn Fisher$6,876$27,500$25,000
Albert Catarro$20,628
Jennifer Schultz$16,154

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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Mission & Programs · Part III

Where the work happens

3 program services account for $105K of program spending, described in the organization's own filed words · FY2024.
01

Grants* these grants funded creative, curriculum-enhancing projects, instructional materials, and hands-on learning experiences that are not typically covered by standard school budgets* the short-term objective of the program is to empower educators to implement innovative teaching strategies and enrich classroom engagement.

$91Kprogram expense
02

Community food program * the farmers market at klinger & davis provides a trunkful of groceries bi-monthly to families in our community who are experiencing food insecurity. This year, we have been providing food for approximately 300-400 families each distribution.

$9Kprogram expense
03

Robotics* this support enabled students to design, build, and program robots while developing skills in engineering, problem-solving, teamwork, and INNOVATION.* the short-term objective of the program is to enhance access to high-quality stem experiences and prepare students for regional competitions and collaborative projects.

$4Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$96K · 64%
Investment income$26K · 18%
Other revenue$28K · 18%
Contributions & grants64%$96K
Investment income18%$26K
Other revenue18%$28K
Total revenueLn 12$150K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.15 Fundraising $0.06
Program services79%$107K
Management & general15%$21K
Fundraising6%$8K
Total functional expensesLn 25$135K

Balance Sheet

Part X · end of year
CashLn 1$160K
Total assetsLn 16$677K
Total liabilitiesLn 26$0
Total net assetsLn 32$677K
Months of cash on handcomputed14.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $677K · Operating expenses/yr $135K
60.2 months
Where the money goes
Program services
Program services $107K · Total expenses $135K
79%
Management & General
Management & general $21K · Total expenses $135K
15%
Fundraising
Fundraising $8K · Total expenses $135K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $117K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $96K · Total revenue $150K
64%
Government reliance
Government grants — · Total revenue $150K
Earned-income share
Program service revenue $0 · Total revenue $150K
0%
Investment reliance
Investment income $26K · Total revenue $150K
+18%
Program self-sufficiency
Program service revenue $0 · Total expenses $135K
0%
Growth & trend
Revenue growth (YoY)
This year $150K · Prior year $137K
+9%
Revenue CAGR
FY2020 $130K · FY2024 $150K
+4%
Net-asset trend (YoY)
End of year $677K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $150K · Expenses $135K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $677K
Net-asset ratio
Net assets $677K · Total assets $677K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $517K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $677K
76%
People & payroll
Highest Reported Total Compensation
Individual Jennifer Schultz · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $34K · Total expenses $135K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $34K · Total expenses $135K
25%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 15%
Fundraising cost ratio 8%
Revenue growth 9%

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 · received and paid
Grants received · FY2024
GE FoundationFY2024$3K
Total grants receivedfrom 3 funders$13K
See all 3 funders →
Grants paid · 10 grants · $458K · 2020–2024
Cenntennial School DistrictFY2024$73,852
Unitemized GrantFY2024$17,000
Centennial School DistrictFY2023$57,664
Unitemized GrantFY2023$13,000
Centennial School DistrictFY2022$68,986
Unitemized GrantFY2022$13,000
Centennial School DistrictFY2021$67,206
Unitemized GrantFY2021$14,000
Centennial School DistrictFY2020$110,632
Unitemized GrantFY2020$23,000

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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
FY2024$137K revenue · ⤓ 990 PDF
FY2023$168K revenue · ⤓ 990 PDF
FY2022$171K revenue · ⤓ 990 PDF
FY2021$130K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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