Centerstate Ceo Foundation Inc
- Assets
- $1.5m
- Revenue
- $245.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Syracuse, NY
- Founding
- 07/1980
- Data as of
- 12/2021
- EIN
- 22-2305294
Organization Overview
Centerstate Ceo Foundation Inc is located in Syracuse, NY. The organization was established in 1980. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centerstate Ceo Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Centerstate Ceo Foundation Inc generated $245.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $304.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE CENTRAL NEW YORK AS A FAVORABLE BUSINESS ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GERMINATOR (FORMERLY KNOWN AS START-UP LABS) IS OPEN TO ALL START-UP AND SMALL BUSINESSES WITHIN THE 12- COUNTY CENTRAL UPSTATE NEW YORK REGION WITH LESS THAN $5 MILLION IN ANNUAL REVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evelyn Ingram Chair | OfficerTrustee | 1 | $0 |
Robert Simpson President | Officer | 1 | $0 |
Amy Lawler SVP Of Finance | Officer | 1 | $0 |
Vicki Brackens Director | Trustee | 1 | $0 |
Eric Mower Director | Trustee | 1 | $0 |
Susan Crossett Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $245,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,775 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $245,775 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,161 |
| Advertising and promotion | $400 |
| Office expenses | $274 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,363 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,580 |
| All other expenses | $5 |
| Total functional expenses | $304,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $546,149 |
| Savings and temporary cash investments | $10,476 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,512 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $484,577 |
| Intangible assets | $0 |
| Other assets | $482,261 |
| Total assets | $1,524,975 |
| Accounts payable and accrued expenses | $3,101 |
| Grants payable | $0 |
| Deferred revenue | $144,677 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $281,689 |
| Total liabilities | $429,467 |
| Net assets without donor restrictions | $658,532 |
| Net assets with donor restrictions | $436,976 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,524,975 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Centerstate Ceo Foundation Inc has recieved totaling $1,265,442.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $750,000 |
Richard S Shineman Foundation Oswego, NY PURPOSE: GENERAL OPERATING | $100,000 |
Allyn Foundation Inc Skaneateles, NY PURPOSE: OPERATIONAL COSTS ASSOCIATED WITH DEVELOPING PLANS, STRATEGIES AND RESOURCE DEVELOPMENT FOR THE COMMUNITY PROSPERITY PORTFOLIO | $85,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $75,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $75,000 |
The Dorothy And Marshall M Reisman Foundation Dewitt, NY PURPOSE: WORK TRAIN PROGRAMS, STUDENT SUPPORT PROGRAMS, SYR BUILD VEHICLES TO WORK | $51,392 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Services Organizations Inc New York, NY | $7,357,534 | $4,376,514 |
Partnerships For A Skilled Workforce Inc Marlborough, MA | $388,132 | $2,174,358 |
Pittsburgh Leadership Fund Oakmont, PA | $0 | $249,472 |
Gleif Americas A New Jersey Nonprofit Corporation New York, NY | $743,178 | $1,398,634 |
A Better City Initiative Inc Boston, MA | $169,877 | $99,202 |
716 Squash Inc Buffalo, NY | $441,855 | $379,048 |
Wlvt Re Inc Bethlehem, PA | $11,227,340 | $240,000 |
Operation Troop Appreciation Mckeesport, PA | $317,888 | $572,487 |
Friends Of Vfw Post No 6076 Myerstown, PA | $122,582 | $343,864 |
Centerstate Ceo Foundation Inc Syracuse, NY | $1,524,975 | $245,775 |
Elisabeth S Prentiss Fbo Board Of Foreign Missions Of The Presbytech Pittsburgh, PA | $3,141,798 | $191,622 |
Soldier On Foundation Inc Pittsfield, MA | $521,232 | $391,473 |