Community Education Building Corp
- Assets
- $89.0m
- Revenue
- $21.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/2012
- Data as of
- 06/2023
- 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 06/2023, Community Education Building Corp generated $21.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.6% each year . All expenses for the organization totaled $8.6m during the year ending 06/2023. While expenses have increased by 5.9% per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEB'S MISSION 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 CONTINUED TO STRENGTHEN ITS LONG-TERM FINANCIAL AND OPERATIONAL SUSTAINABILITY. WITH THE ADDITION THIS YEAR OF TWO MISSION ALIGNED TENANTS, NETWORK CONNECT AND CODE DIFFERENTLY, CEB IS OVER 93% OCCUPIED. WITH THE EXPANSION OF STUDENT AND FAMILY SERVICES, WE HAVE HIGH QUALITY DATA AND ARE ABLE TO DEMONSTRATE THE TREMENDOUS IMPACT OUR INNOVATE MODEL IS HAVING ON STUDENT SUCCESS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eleuthere I Du Pont Chairman | 5 | $0 | |
William Manning Secretary | 2 | $0 | |
Logan Herring Director | 2 | $0 | |
Eli Sharp Director | 2 | $0 | |
Michael Conklin Director | 2 | $0 | |
Paul Mcconnell Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Foods | 6/29/23 | $581,789 |
Tornado Ii Janitorial Service | 6/29/23 | $526,954 |
Edis Company | 6/29/23 | $297,744 |
American Beauty Fish And Produce | 6/29/23 | $251,514 |
Allied Universal | 6/29/23 | $225,094 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,931,051 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $4,237,098 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $305,618 |
| Other Income | $206,504 |
| Total Revenue | $21,680,271 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $196,942 |
| Other employee salaries and wages | $2,133,474 |
| Pension plans, employee benefits | $344,416 |
| Interest | $1,462,552 |
| Taxes | $0 |
| Depreciation | $1,136,081 |
| Occupancy | $609,930 |
| Travel, conferences, and meetings | $8,025 |
| Printing and publications | $0 |
| Other expenses | $2,055,174 |
| Total operating and administrative expenses | $8,569,792 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $8,569,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,669,778 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $515,323 |
| Net Pledges Receivable | $41,640,000 |
| 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 | $32,983,785 |
| Other assets | $134,086 |
| Total assets | $88,955,972 |
| Accounts payable and accrued expenses | $678,872 |
| Grants payable | $0 |
| Deferred revenue | $9,068 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $41,925,506 |
| Other liabilities | $250,004 |
| Total liabilities | $42,863,450 |