Centra Foundation Inc
- Assets
- $39.2k
- Revenue
- $232.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, IN
- Founding
- 08/2012
- Data as of
- 12/2021
- EIN
- 45-5288066
Organization Overview
Centra Foundation Inc is located in Columbus, IN. The organization was established in 2012. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centra 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, Centra Foundation Inc generated $232.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $228.3k during the year ending 12/2021. While expenses have increased by 20.6% 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.
Since 2017, Centra Foundation Inc has awarded 232 individual grants totaling $1,001,552. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS TO BE A POSITIVE FORCE IN COMMUNITIES SERVED BY CENTRA CREDIT UNION. GRANTS WILL BE AWARDED TO ELIGIBLE NOT-FOR-PROFITS FOR ACTIVITIES THAT WILL HAVE A PUBLIC BENEFIT IN THESE AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Dimmitt Secretary/treasurer | 1.5 | $0 | |
Jenni Carr Chair | 1.5 | $0 | |
Brad Davis Voting Member | 1.5 | $0 | |
Dawn Miley Voting Member | 1.5 | $0 | |
Kevina Schumaker Centra Board Representative | 1.5 | $0 | |
Chrissy Bailey Non Voting Member | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $232,112 |
| Interest on Savings | $33 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $232,145 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $228,288 |
| Total expenses and disbursements | $228,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,340 |
| Savings and temporary cash investments | $31,859 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $39,199 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Centra Foundation Inc has awarded $228,288 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
BURD SCHOLARSHIPS 29 PURPOSE: CHARITABLE | $72,500 |
COPS AND KIDS JACKSON COUNTY - SEYMOUR FOP PURPOSE: CHARITABLE | $9,107 |
SALVATION ARMY - NEW ALBANY PURPOSE: CHARITABLE | $8,881 |
TURNING POINT PURPOSE: CHARITABLE | $7,500 |
Columbus, IN PURPOSE: CHARITABLE | $6,831 |
SHOP WITH A COP SCOTT COUNTY PURPOSE: CHARITABLE | $5,833 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Shoulders Fund Chicago, IL | $125,993,936 | $62,883,883 |
Voluntary Interdistrict Choice Corporation Saint Louis, MO | $12,736,595 | $40,180,054 |
Northern School District Tr Nsdt Ashland, WI | $7,100,055 | $19,700,380 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Cristo Rey Network Chicago, IL | $14,102,009 | $11,695,592 |
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Holy Family Ministries Chicago, IL | $16,241,007 | $8,503,495 |
Middlebury Community Schools Employee Benefit Trust Middlebury, IN | $1,426,617 | $4,992,187 |
Drexel Funds Milwaukee, WI | $18,531,220 | $8,522,964 |