Centro Community Partners is located in Oakland, CA. The organization was established in 2013. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Centro Community Partners employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centro Community Partners 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 06/2021, Centro Community Partners generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $968.8k during the year ending 06/2021. While expenses have increased by 15.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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 PROVIDE SERVICES TO LOW INCOME ENTREPRENEURS WITH EDUCATION BUSINESS ADVISING MENTORSHIP AND ACCESS TO CAPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACCOMPLISH ITS PURPOSE, CENTRO HAS AFFILIATED ITSELF WITH MULTIPLE LOCAL AND GLOBAL ORGANIZATIONS THAT DISPENSE BASIC ENTREPRENEURSHIP TRAINING, FACILITATE BUSINESS STUDENTS AS ADVISORS, AND GIVE ACCESS TO CAPITAL WHEN THE ENTREPRENEURS ARE READY.CENTRO DIVIDES ITS PROGRAM INTO SEVEN ACTIVITIES AS FOLLOWS:BASIC ENTREPRENEURSHIP PROGRAM (BEP) - ACTIVITY IS DESIGNED FOR INDIVIDUALS PRIMARILY ON THE IDEA STAGE OF THEIR BUSINESS AND WHO HAVE NOT BEEN EXPOSED YET TO ANY BUSINESS EDUCATION. THIS ACTIVITY IS NINE SESSIONS THAT TEACHES ENTREPRENEURS ABOUT BASIC BUSINESS FUNCTIONS SUCH AS STRATEGY, BUSINESS FINANCE, MARKET ANALYSIS, OPERATION, PERSONAL BUDGETING THAT LED TO THE CREATION OF A BUSINESS PLAN. THE BEP PROGRAM IS OFFERED IN ENGLISH AND SPANISH.ENTREPRENEURSHIP BOOTCAMP - ACTIVITY IS A BASIC, ONE-DAY OR TWO-DAY WORKSHOP FOR INDIVIDUALS SEEKING AN ACCELERATED PROGRAM TO CREATE A BUSINESS PLAN AND LAUNCH A NEW SMALL BUSINESS. THE ENTREPRENEURSHIP BOOTCAMP IS OFFERED IN ENGLISH AND SPANISH.ADVANCED ENTREPRENEURSHIP PROGRAM (AEP) - ACTIVITY IS CREATED FOR THOSE WHO HAVE COMPLETED A BASIC ENTREPRENEURSHIP PROGRAM OR SIMILAR TRAINING, HAVE A PORTFOLIO OF PRODUCTS OR SERVICES, AND WANT HELP DEVELOPING A BUSINESS MODEL THEY CAN ACT UPON. THE 10 SESSION AEP IS DESIGNED FOR ENTREPRENEURS TO VALIDATE THEIR BUSINESS MODELS AND LAUNCH OR GROW THEIR BUSINESSES. THE AEP TEACHES PARTICIPANTS TO ANALYZE, DESIGN, AND IMPLEMENT BUSINESS PLANS. THE AEP IS OFFERED IN ENGLISH AND SPANISH.CENTRO CAPITAL HUB ACTIVITY THAT CONNECTS ENTREPRENEURS TO CAPITAL AND GRANTS, INCLUDING KIVA ZERO INTEREST LOANS UP TO $15,000, GOVERNMENT GRANTS AND SBA FUNDS.ENTREPRENEURSHIP SUITE (E-SUITE) - ACTIVITY IS CENTROS TURN-KEY TECHNICAL ASSISTANCE SOLUTION THAT IS OFFERED TO OTHER NON-PROFIT MDOS TO ADOPT CENTROS TECHNOLOGY AND CURRICULUM TO PROVIDE ENTREPRENEURSHIP EDUCATION AND FINANCIAL LITERACY PROGRAMS FOR LOW-INCOME WOMEN AND BIPOC ENTREPRENEURS IN OTHER GEOGRAPHIC AREAS.CENTRO BUSINESS PLANNING APP (CENTRO APP) ACTIVITY IS A FREE MOBILE SELF-PACE TOOL THAT WALKS ENTREPRENEURS THROUGH A SERIES OF FUN ACTIVITIES TO PRODUCE A MICRO-LOAN READY BUSINESS PLAN ON THEIR PHONE. THE CENTRO APP ALSO SERVES AS A PLATFORM TO BUILD LOCALIZED VIRTUAL MICROENTERPRISE DEVELOPMENT ECOSYSTEMS HOSTING LOCAL MICROLENDERS, COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) AND MICROENTERPRISE DEVELOPMENT ORGANIZATION (MDOS), CONNECTING LOW-INCOME BIPOC (BLACK, INDIGENOUS, PEOPLE OF COLOR) ENTREPRENEURS AND COMMUNITIES WITH LOCAL RESOURCES AND IMPROVING ECONOMIC OUTCOMES. IT IS OFFERED IN ENGLISH, SPANISH, RUSSIAN AND PORTUGUESE, AND HAS DELIVERED BUSINESS PLANS IN 156 COUNTRIES.ADVISORY SERVICES ACTIVITY THAT ALLOWS AN ACCESS TO QUALITY MENTORSHIP AND BUSINESS ADVISORY SERVICES HELPS ENTREPRENEURS ACCESS AND CONNECT WITH SMALL BUSINESS ADVISORS, WHO CAN ASSIST UNDERSERVED ENTREPRENEURS, ESPECIALLY WOMEN AND MINORITIES. DURING THE COVID-19 PANDEMIC, CENTRO CREATED THE RAPID RESPONSE ADVISORY TEAM TO BE AVAILABLE TO PROVIDE QUALITY ONE-ON-ONE BUSINESS ADVISORY SERVICES TO HELP SMALL BUSINESSES COME BACK STRONGER.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Arturo Noriega President & Ed | OfficerTrustee | 40 | $100,637 |
Naldo Peliks COO | Officer | 40 | $96,406 |
Felix Fan Treasurer | OfficerTrustee | 4 | $0 |
Danelis Padron-Castillo Secretary | OfficerTrustee | 4 | $0 |
Steve Petersen Board Member | Trustee | 4 | $0 |
Simone Harvey Board Member | Trustee | 4 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $52,000 |
All other contributions, gifts, grants, and similar amounts not included above | $1,274,554 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,326,554 |
Total Program Service Revenue | $261,825 |
Investment income | $814 |
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 | $1,589,193 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $470 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $198,169 |
Compensation of current officers, directors, key employees. | $49,752 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $274,655 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $36,009 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,150 |
Fees for services: Accounting | $30,600 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $251,562 |
Advertising and promotion | $110,349 |
Office expenses | $11,417 |
Information technology | $2,910 |
Royalties | $0 |
Occupancy | $11,087 |
Travel | $5,447 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $51 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $2,435 |
All other expenses | $0 |
Total functional expenses | $968,839 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $488,099 |
Savings and temporary cash investments | $392,892 |
Pledges and grants receivable | $406,100 |
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 | $1,069 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,288,160 |
Accounts payable and accrued expenses | $79,900 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $53,782 |
Other liabilities | $0 |
Total liabilities | $133,682 |
Net assets without donor restrictions | $913,878 |
Net assets with donor restrictions | $240,600 |
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 | $1,288,160 |
Over the last fiscal year, we have identified 17 grants that Centro Community Partners has recieved totaling $2,142,511.
Awarding Organization | Amount |
---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Community Development | $537,500 |
Citi Foundation New York, NY PURPOSE: COMMUNITY PROGRESS MAKERS | $250,000 |
Citi Foundation New York, NY PURPOSE: COMMUNITY PROGRESS MAKERS | $250,000 |
Sobrato Family Foundation Mountain View, CA PURPOSE: TO EXPAND THE SUITE OF SUPPORTS FOR SMALL BUSINESSES THROUGHOUT SANTA CLARA, SAN MATEO, AND SOUTHERN ALAMEDA COUNTIES. | $185,000 |
Umpqua Bank Charitable Foundation Portland, OR PURPOSE: MICROENTERPRISE ECOSYSTEM DEVELOPMENT AND ACCESS T | $175,000 |
Umpqua Bank Charitable Foundation Portland, OR PURPOSE: IMPACT GRANT | $150,000 |
Organization Name | Assets | Revenue |
---|---|---|
Cplc Texas Inc Phoenix, AZ | $13,673,290 | $82,582,605 |
Community Investment Corporation Tucson, AZ | $12,041,358 | $40,472,550 |
Accion Opportunity Fund Community Development San Jose, CA | $200,481,759 | $53,600,614 |
Mission Asset Fund San Francisco, CA | $54,523,090 | $57,826,731 |
Civic San Diego San Diego, CA | $12,596,747 | $8,835,597 |
Csac Finance Corporation Sacramento, CA | $22,360,310 | $12,934,423 |
Ampac Tri-State Cdc Inc Ontario, CA | $22,461,621 | $9,676,882 |
Local First Arizona Foundation Phoenix, AZ | $3,232,104 | $5,988,087 |
Inclusive Action For The City Los Angeles, CA | $6,839,271 | $6,785,637 |
Genesis La Economic Growth Corporation Los Angeles, CA | $84,073,617 | $20,248,596 |
Business Development Finance Corporation Tucson, AZ | $22,193,625 | $4,107,444 |
Economic Development Collaborative Ventura County Camarillo, CA | $6,956,185 | $3,790,106 |