Centri Tech Foundation EIN 82-4044837

Centri Tech Foundation FY2021 filing

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Empowers local groups with tech and innovation to build sustainable solutions for economic and educational improvement. For fiscal year 2021 it reported $4.6M in revenue, $1.2M in expenses, and $6.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Washington, DC
Website
www.centricommunities.org
Filings
5 on file (2019–2021)
Revenue
$4.6MFY2021
Expenses
$1.2M
Net assets
$6.0M
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-4044837 Public charity (501(c)(3)) Washington, DC
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Empowers local groups with tech and innovation to build sustainable solutions for economic and educational improvement.
Leadership
Marta Urquilla · President · $141K
Money in and out
$4.6M revenue, $1.2M expenses
Bottom line
90% program efficiency
Where the money goes · FY2021
Total revenue
$4.6M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$6.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.4M
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs
Operating runway
61.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+74%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$4.6M
FY2021▲ ×30
Expenses
$1.2M
FY2021
Total assets
$6.0M
FY2021
Total liabilities
$0
FY2021
Total revenue
$4.6M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$6.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.4M
Total assetsPt X · Ln 16$6.0M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $1.0M of program spending, described in the organization's own filed words · FY2021.
01

The Digital Advancement Program seeks to leverage investments in technology access and adoption to build an inclusive digital economy. By extending affordable reliable high-speed internet to every American not only where they work and learn but also where they live leaders can implement bold strategies that drive technology-based…

$705Kprogram expense
02

Digital Integrators is a workforce model to be developed and piloted in select US cities. In 2021 CTF completed research and design of a pilot program to demonstrate the potential for innovative approaches to expand economic opportunity by connecting people to digital skills and employment.

$186Kprogram expense
03

In October 2021 CTF and Morgan Stanley announced the Sustainable Solutions Social Justice Innovation Awards SJIA a new award program dedicated to identifying systemic solutions that advance social and racial justice and achieve inclusive economic opportunity in the United States.

$145Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCentri Tech Foundation
EINHdr · item D82-4044837
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.centricommunities.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFJun 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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
$141,000Pt VII · Sec A
Program Director
$66,572Pt VII · Sec A
Program Director
$37,604Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Treasurer Secretary
$0Pt VII · Sec A

Marta Urquilla’s $181K as President is at the 60th percentile of top reported officer pay among 2834 $1–10M community development 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Marta Urquilla$181,138$188,000$188,000
Marta Urquilla$141,000
Kat Trujillo$95,417
Tyrell Holcomb$87,413
Laura Mueller-Soppart$66,572
Kendra Hills$54,697
Marc McAleavey$43,542
Grace Han$37,604

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 & grants100%$4.6M
Investment income$2K
Total revenueLn 12$4.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$1.1M
Management & general10%$117K
Total functional expensesLn 25$1.2M

Balance Sheet

Part X · end of year
CashLn 1$4.7M
Total assetsLn 16$6.0M
Total liabilitiesLn 26$0
Total net assetsLn 32$6.0M
Months of cash on handcomputed47.6

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.0M · Operating expenses/yr $1.2M
61.0 months
Where the money goes
Program services
Program services $1.1M · Total expenses $1.2M
90%
Management & General
Management & general $117K · Total expenses $1.2M
10%
Fundraising
Fundraising $0 · Total expenses $1.2M
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $4.6M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $4.6M · Total revenue $4.6M
100%
Government reliance
Government grants $0 · Total revenue $4.6M
0%
Earned-income share
Program service revenue $0 · Total revenue $4.6M
0%
Investment reliance
Investment income $2K · Total revenue $4.6M
+0.05%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.2M
0%
Growth & trend
Revenue growth (YoY)
This year $4.6M · Prior year $151K
×30
Net-asset trend (YoY)
End of year $6.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.6M · Expenses $1.2M
+74%
Liabilities-to-Assets
Total liabilities — · Total assets $6.0M
Net-asset ratio
Net assets $6.0M · Total assets $6.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.3M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $6.0M
22%
People & payroll
Highest Reported Total Compensation
Individual Marta Urquilla · Reported title President · Highest reported compensation $141K · Total expenses $1.2M
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $308K · Total expenses $1.2M
26%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
Revenue growth ×30
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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$10K
Grants paid · 16 grants · $1.6M · 2022–2024
Capital CauseMD · FY2024$19,090
Kalia HealthFY2022$250,000
Parity Baltimore IncorporatedMD · FY2022$250,000
Washington UniversityMO · FY2022$250,000
Thrive Industries IncorporatedFY2022$250,000
FlikshopFY2022$250,000
Allied Media Projects INCMI · FY2022$52,000
Drexel UniversityPA · FY2022$40,000
Metropolitan Area Planning CouncilFY2022$40,000
Lift INCDC · FY2022$40,000
Byte Back INCDC · FY2022$25,000

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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 (Latest)$1.3M revenue · ⤓ 990 PDF
FY2023$584K revenue · ⤓ 990 PDF
FY2022$183K revenue · ⤓ 990 PDF
FY2021$4.6M revenue · viewing · ⤓ 990 PDF
FY2020not on file
FY2019$151K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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