Community Education Building Corp
- Assets
- $62.1m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/2012
- Data as of
- 06/2022
- EIN
- 45-4797267
Organization Overview
Community Education Building Corp is located in Wilmington, DE. The organization was established in 2012. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Education Building Corp 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 06/2022, Community Education Building Corp generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $7.9m during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE CEB IS TO BUILD AN EDUCATIONAL SUPPORT SYSTEM THAT ALLOWS EVERY STUDENT AN EQUITABLE OPPORTUNITY TO SUCCEED. CEB'S INNOVATIVE EDUCATIONAL MODEL CREATES EDUCATIONAL EQUITY FOR TRADITIONALLY UNDERSERVED STUDENTS BY REMOVING BARRIERS THAT CAUSE INEQUITABLE ACCESS TO LEARNING, CREATING OPPORTUNITIES FOR STUDENTS, INVESTING IN STABLE FAMILIES, AND ENABLING ACADEMIC EXCELLENCE BY FREEING SCHOOLS TO FOCUS ON TEACHING AND LEARNING. IN DOING SO STUDENTS WILL HAVE THE NETWORK, CONFIDENCE, AND SKILLS NECESSARY TO SUCCEED IN SCHOOL AND BE PREPARED FOR LIFE BEYOND HIGH SCHOOL. DURING THIS YEAR, CEB TOOK A GIANT STEP TOWARD LONG-TERM FINANCIAL AND OPERATIONAL SUSTAINABILITY. THE CEB IS NOW 95% OCCUPIED IN ADDITION, SEVERAL MULTI-YEAR GRANTS HAVE SUPPORTED MODERATE PROGRAM GROWTH ALLOWING US TO COLLECT AND SHARE DATA THAT DEMONSTRATES THE TREMENDOUS IMPACT OUR INNOVATE MODEL IS HAVING ON STUDENT SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Jennings Chief Executive Officer | 40 | $187,916 | |
David Blowman Cfo/coo | 40 | $136,589 | |
Ihsan Muhammad Impact Officer | 40 | $117,420 | |
Michael Snyder Facilities Director | 40 | $96,478 | |
Elizabeth Renzo Development Director | 40 | $84,500 | |
James Stallings Community Outreach D | 40 | $80,678 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Russell Grant | 6/29/22 | $334,252 |
East Coast Plumbing And Hvac | 6/29/22 | $276,699 |
Allied Universal | 6/29/22 | $251,180 |
Tornado Ii Janitorial Service | 6/29/22 | $595,159 |
Us Foods | 6/29/22 | $499,816 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,392,646 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $3,611,502 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $349,021 |
| Other Income | $56,400 |
| Total Revenue | $5,409,569 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $187,916 |
| Other employee salaries and wages | $1,800,214 |
| Pension plans, employee benefits | $284,507 |
| Interest | $963,208 |
| Taxes | $0 |
| Depreciation | $1,121,857 |
| Occupancy | $527,330 |
| Travel, conferences, and meetings | $21,641 |
| Printing and publications | $0 |
| Other expenses | $2,390,894 |
| Total operating and administrative expenses | $7,885,101 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $7,885,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,362,770 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $208,282 |
| Net Pledges Receivable | $26,156,434 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $33,351,414 |
| Other assets | $0 |
| Total assets | $62,091,900 |
| Accounts payable and accrued expenses | $634,353 |
| Grants payable | $0 |
| Deferred revenue | $28,977 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $28,200,227 |
| Other liabilities | $246,300 |
| Total liabilities | $29,109,857 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Community Education Building Corp has recieved totaling $96,666.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $66,666 |
The Albertsons Companies Foundation Pleasanton, CA PURPOSE: HUNGER | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Education Building Corp Wilmington, DE | $62,091,900 | $5,409,569 |
Stoneleigh Foundation Philadelphia, PA | $92,384,286 | $2,978,235 |
Global Ahead Inc Derwood, MD | $0 | $4,557,570 |
Satell Institute King Of Prussia, PA | $13,359,727 | $1,126,245 |
Rona And Jeffrey Abramson Foundation Rockville, MD | $47,786,937 | $3,092,454 |
Jack Miller Center For Teaching Americas Founding Principles And Bala Cynwyd, PA | $14,689,077 | $1,577,352 |
Wheaton Arts And Cultural Center Inc Millville, NJ | $6,256,174 | $3,464,653 |
Jayne Koskinas Ted Giovanis Foundation For Health And Policy Highland, MD | $14,613,580 | $2,825,934 |
Artyard Erwinna, PA | $77,186,190 | $24,985,342 |
Mansmann Foundation Pa Pittsburgh, PA | $6,102,751 | $745,895 |
Tamim Academies Narberth, PA | $1,567,123 | $2,002,258 |
The Uplands Center Foundation North Haledon, NJ | $18,508,198 | $1,883,897 |