Centri Tech Foundation EIN 82-4044837

Centri Tech Foundation FY2022 filing

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Empowers local groups with tech and innovation to build sustainable solutions for economic and educational improvement. For fiscal year 2022 it reported $183K in revenue, $2.8M in expenses, and $3.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Washington, DC
Website
www.centricommunities.org
Filings
5 on file (2019–2022)
Revenue
$183KFY2022
Expenses
$2.8M
Net assets
$3.2M
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 FY2022 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 · $188K
Money in and out
$183K revenue, $2.8M expenses
Bottom line
95% program efficiency
Where the money goes · FY2022
Total revenue
$183K
Pt VIII · Ln 12
Total expenses
$2.8M
Pt IX · Ln 25
Net assets
$3.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2.6M
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs
Operating runway
14.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-1404%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$183K
FY2022▼ -96%
Expenses
$2.8M
FY2022▲ +134%
Total assets
$3.2M
FY2022▼ -46%
Total liabilities
$25
FY2022
Total revenue
$183K
Pt VIII · Ln 12
Total expenses
$2.8M
Pt IX · Ln 25
Net assets
$3.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2.6M
Total assetsPt X · Ln 16$3.2M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $2.5M of program spending, described in the organization's own filed words · FY2022.
01

Social Justice Innovation Awards

In september 2022, the centri tech foundation, in partnership with morgan stanley, announced the five inaugural winners of the social justice innovation awards. Awardees received $250,000 and bespoke support to fully develop their innovations.

$1.5Mprogram expense
02

The Digital Advancement Program

The centri tech foundation 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 economic…

$582Kprogram expense
03

Digital Integrators Program

In april 2022, the centri tech foundation (CTF) launched the digital integrators pilot program to foster community-led innovations in digital equity. The foundation awarded $195,000 to community development organizations working in five U.S.

$470Kprogram 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 1a3
Independent voting membersPt VI · Ln 1b3
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
$188,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Treasury & Secretary
$0Pt VII · Sec A
General Counsel
$0Pt VII · Sec A
Director
$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 & grants$160K · 87%
Investment income$23K · 13%
Contributions & grants87%$160K
Investment income13%$23K
Total revenueLn 12$183K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$2.6M
Management & general5%$142K
Total functional expensesLn 25$2.8M

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$3.2M
Total liabilitiesLn 26$25
Total net assetsLn 32$3.2M
Months of cash on handcomputed5.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.2M · Operating expenses/yr $2.8M
14.0 months
Where the money goes
Program services
Program services $2.6M · Total expenses $2.8M
95%
Management & General
Management & general $142K · Total expenses $2.8M
5%
Fundraising
Fundraising $0 · Total expenses $2.8M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $2.4M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $160K · Total revenue $183K
87%
Government reliance
Government grants — · Total revenue $183K
Earned-income share
Program service revenue $0 · Total revenue $183K
0%
Investment reliance
Investment income $23K · Total revenue $183K
+13%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.8M
0%
Growth & trend
Revenue growth (YoY)
This year $183K · Prior year $4.6M
-96%
Net-asset trend (YoY)
End of year $3.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $183K · Expenses $2.8M
-1404%
Liabilities-to-Assets
Total liabilities — · Total assets $3.2M
Net-asset ratio
Net assets $3.2M · Total assets $3.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.1M · Other securities (Pt X, ln 12) $983K · Total assets (Pt X, ln 16) $3.2M
64%
People & payroll
Highest Reported Total Compensation
Individual Marta Urquilla · Reported title PRESIDENT · Highest reported compensation $188K · Total expenses $2.8M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $476K · Total expenses $2.8M
17%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Revenue growth -96%
Investment management fee ratio 0.4%

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 · viewing · ⤓ 990 PDF
FY2021$4.6M revenue · ⤓ 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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