Centrum Foundation EIN 23-7348302

Centrum Foundation

EIN  23-7348302 Public charity (501(c)(3)) Port Townsend, WA
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/25/26 · see original filing: IRS
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Size
$1–10M
What they do
Promotes artistic growth and presents visual, literary, and performing arts to the public.
Leadership
Rob Birman · Executive Dir. · $147K
Money in and out
$4.5M revenue, $4.6M expenses
Bottom line
73% program efficiency

Promotes artistic growth and presents visual, literary, and performing arts to the public. For fiscal year 2024 it reported $4.5M in revenue, $4.6M in expenses, and $3.6M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$4.5M
Pt VIII · Ln 12
Total expenses
$4.6M
Pt IX · Ln 25
Net assets
$3.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$84K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.12 Fundraising $0.16
Program efficiency
73%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
6.6mo
months of highly liquid reserves at operating expense rate▲ +8% vs prior filing year
Surplus margin
-2%
revenue over expenses, this year▼ -157% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$4.5M
FY2024▼ -4%
Expenses
$4.6M
FY2024▲ +1%
Total assets
$5.1M
FY2024▼ -1%
Total liabilities
$1.5M
FY2024▼ -3%
Total revenue
$4.5M
Pt VIII · Ln 12
Total expenses
$4.6M
Pt IX · Ln 25
Net assets
$3.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$84K
Total assetsPt X · Ln 16$5.1M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

2 program services account for $3.3M of program spending, described in the organization's own filed words · FY2024.
01

Workshops, Performances and Education Programs

More than 10,000 people partake in centrum programs each year. The majority of activity happens in the summer when centrum offers workshops in jazz, blues, fiddle tunes and writing for students of all ages.

$3.3Mprogram expense
02

Public Awareness and Marketing Activities

Centrum activities are marketed through brochures, print, radio and television advertising as well as extensively through our website, facebook, twitter and other social networking sites. The website features new content daily through blogs and other material provided by staff, students and volunteers.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCentrum Foundation
EINHdr · item D23-7348302
Principal addressHdr · item CPort Townsend, WA
WebsiteHdr · item Jwww.centrum.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A25Z)
Ruling yearIRS BMFJun 1974

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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 Dir.
$147,100Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Rob Birman$147,100
Robert Birman$129,673$145,000
Robert Berman$109,508

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
Contributions & grants$2.8M · 62%
Program service revenue$1.6M · 37%
Investment income$75K · 2%
Contributions & grants62%$2.8M
Program service revenue37%$1.6M
Investment income2%$75K
Other revenue$587
— government grantsLn 1e$218K
Total revenueLn 12$4.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.12 Fundraising $0.16
Program services73%$3.3M
Management & general12%$547K
Fundraising16%$710K
Total functional expensesLn 25$4.6M

Balance Sheet

Part X · end of year
CashLn 1$564K
Total assetsLn 16$5.1M
Total liabilitiesLn 26$1.5M
Total net assetsLn 32$3.6M
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.5M · Operating expenses/yr $4.6M
6.6 months
Where the money goes
Program services
Program services $3.3M · Total expenses $4.6M
73%
Management & General
Management & general $547K · Total expenses $4.6M
12%
Fundraising
Fundraising $710K · Total expenses $4.6M
16%
Cost to raise $1
Fundraising expense (3-yr avg) $637K · Solicited contributions (3-yr avg) $2.6M
$0.25 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.8M · Total revenue $4.5M
62%
Government reliance
Government grants $218K · Total revenue $4.5M
5%
Earned-income share
Program service revenue $1.6M · Total revenue $4.5M
37%
Investment reliance
Investment income $75K · Total revenue $4.5M
+2%
Program self-sufficiency
Program service revenue $1.6M · Total expenses $4.6M
36%
Growth & trend
Revenue growth (YoY)
This year $4.5M · Prior year $4.7M
-4%
Revenue CAGR
FY2020 $2.0M · FY2024 $4.5M
+23%
Net-asset trend (YoY)
End of year $3.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.5M · Expenses $4.6M
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $5.1M
Net-asset ratio
Net assets $3.6M · Total assets $5.1M
71%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.0M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $5.1M
38%
People & payroll
Highest Reported Total Compensation
Individual Rob Birman · Reported title Executive Dir. · Highest reported compensation $147K · Total expenses $4.6M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.6M · Total expenses $4.6M
36%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 12%
Fundraising cost ratio 26%
Revenue growth -4%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · FY2025
Total grants receivedfrom 1 funder$8K

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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 (Latest)$4.5M revenue · viewing · ⤓ 990 PDF
FY2023$4.7M revenue · ⤓ 990 PDF
FY2022$4.6M revenue · ⤓ 990 PDF
FY2021$2.8M revenue · ⤓ 990 PDF
FY2020$2.0M 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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