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Centri Tech Foundation

When people are connected, our possibilities are limitless.

Washington, DC   |  centritechfdn.org
GuideStar Charity Check

Centri Tech Foundation

EIN: 82-4044837


Mission

Centri Tech Foundation (fna CENTRI Communities) supports local community development organizations to solve problems in their community by bringing together stakeholders to create sustainable asset building solutions that yield long term economic, health and educational enhancement to its residents by leveraging technology and innovative solutions.

Ruling year info

2019

Principal Officer

Marta Urquilla

Main address

1717 Pennsylvania Ave, NW Suite 1025

Washington, DC 20006 USA

Show more contact info

EIN

82-4044837

Subject area info

Digital divide

Web applications

Internet

Economic development

Public housing

Population served info

Women and girls

Ethnic and racial groups

Immigrants and migrants

Economically disadvantaged people

NTEE code info

Economic Development (S30)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Digital Integrators Pilot Program

Digital Integrators is a workforce model to be piloted in select US markets in 2021 and early 2022. Pilots will demonstrate the potential for tech-enabled human capital approaches to expand economic opportunity by connecting people to digital skills and employment. Pilots are hosted by local community organizations who effectively join our Digital Advancement Alliances, a peer network of practitioners and advocates. With Centri Tech Foundation's support, local organizations will leverage investment made in digital access and adoption to implement Digital Advancement principles and policy recommendations. More information: https://www.digitalintegrators.org

Population(s) Served

The Centri Tech Foundation’s Social Justice Innovation Awards, a partnership with Morgan Stanley, recognize innovative approaches to systemic change in the United States that seek to advance social and racial justice and build an inclusive economy. In 2022, we selected five inaugural winners to receive $250,000 and customized support to accelerate and scale their innovative social justice solutions. More information: https://www.sjiawards.org

Population(s) Served
Economically disadvantaged people
Ethnic and racial groups
Economically disadvantaged people
Ethnic and racial groups

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We share the feedback we received with the people we serve, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Financials

Centri Tech Foundation
Fiscal year: Jan 01 - Dec 31
Financial documents
2021 CTF Audited Financial Statements 2021
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

89305.48

Average of 22326.37 over 4 years

Months of cash in 2022 info

SOURCE: IRS Form 990

5

Average of 31.7 over 4 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

16%

Average of 8% over 4 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Centri Tech Foundation

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Centri Tech Foundation

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Centri Tech Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Centri Tech Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $2,580,949 $3,395,065 -$2,764,686
As % of expenses 615.9% 288.7% -100.4%
Unrestricted surplus (deficit) after depreciation $2,580,949 $3,395,065 -$2,764,686
As % of expenses 615.9% 288.7% -100.4%
Revenue composition info
Total revenue (unrestricted & restricted) $3,000,000 $4,560,279 $183,007
Total revenue, % change over prior year 0.0% 52.0% -96.0%
Program services revenue 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0%
Investment income 0.0% 0.1% 12.6%
Government grants 0.0% 0.0% 0.0%
All other grants and contributions 100.0% 99.9% 87.4%
Other revenue 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $419,051 $1,176,037 $2,752,868
Total expenses, % change over prior year 0.0% 180.6% 134.1%
Personnel 0.0% 26.2% 17.3%
Professional fees 0.1% 4.4% 3.6%
Occupancy 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 54.8%
All other expenses 99.9% 69.4% 24.3%
Full cost components (estimated) info 2020 2021 2022
Total expenses (after depreciation) $419,051 $1,176,037 $2,752,868
One month of savings $34,921 $98,003 $229,406
Debt principal payment $0 $0 $0
Fixed asset additions $0 $0 $0
Total full costs (estimated) $453,972 $1,274,040 $2,982,274

Capital structure indicators

Liquidity info 2020 2021 2022
Months of cash 74.0 47.6 5.0
Months of cash and investments 74.0 61.0 14.0
Months of estimated liquid unrestricted net assets 74.0 61.0 14.0
Balance sheet composition info 2020 2021 2022
Cash $2,585,284 $4,669,526 $1,146,345
Investments $0 $1,310,823 $2,069,343
Receivables $0 $0 $0
Gross land, buildings, equipment (LBE) $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 0.0% 0.0% 0.0%
Unrestricted net assets $2,585,284 $5,980,349 $3,215,663
Temporarily restricted net assets N/A N/A N/A
Permanently restricted net assets N/A N/A N/A
Total restricted net assets $0 $0 $0
Total net assets $2,585,284 $5,980,349 $3,215,663

Key data checks

Key data checks info 2020 2021 2022
Material data errors No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Principal Officer

Marta Urquilla

Number of employees

Source: IRS Form 990

Centri Tech Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Centri Tech Foundation

Board of directors
as of 02/28/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Rey Ramsey

Wendell Brown

Clyde Edwards

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 6/29/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Hispanic/Latino/Latina/Latinx
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 06/29/2023

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.