Centennial Place Academy Inc
- Assets
- $9.7m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 143
- Location
- Atlanta, GA
- Founding
- 07/2014
- Data as of
- 06/2022
- EIN
- 46-3320965
Organization Overview
Centennial Place Academy Inc is located in Atlanta, GA. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Centennial Place Academy Inc employed 143 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centennial Place Academy 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 06/2022, Centennial Place Academy Inc generated $15.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $12.7m during the year ending 06/2022. While expenses have increased by 4.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTENNIAL PLACE ACADEMY WILL IMPLEMENT AN EDUCATIONAL PROGRAM FOCUSED ON INCREASING STUDENT ACHIEVEMENT BY ESTABLISHING SCHOOL-SPECIFIC CLASSROOM AND PERSONNEL STRUCTURES TO ADDRESS STUDENT ACHIEVEMENT GOALS, INCLUDING ADJUSTING CLASS SIZE, ADDRESSING READINESS PROMOTION AND HIRING BASED ON A STEAM CURRICULUM AND PROJECT-BASED LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Egbert Perry Chairman | OfficerTrustee | 3 | $0 |
Renee Glover Vice Chairman | OfficerTrustee | 3 | $0 |
Aquaria Smith Secretary | OfficerTrustee | 1 | $0 |
Maurice Baker Board Member | Trustee | 1 | $0 |
Rewa Berry Board Member | Trustee | 1 | $0 |
Christopher Burke Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ksw Management And Accounting | 6/29/21 | $126,615 |
Onehrsource Human Resource Consulting | 6/29/21 | $106,156 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,766,589 |
| All other contributions, gifts, grants, and similar amounts not included above | $264,305 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,030,894 |
| Total Program Service Revenue | $31,672 |
| Investment income | $1,784 |
| 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 | $15,067,449 |
| 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. | $740,385 |
| Compensation of current officers, directors, key employees. | $96,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,199,388 |
| Pension plan accruals and contributions | $1,090,749 |
| Other employee benefits | $684,647 |
| Payroll taxes | $126,511 |
| Fees for services: Management | $125,926 |
| Fees for services: Legal | $77,948 |
| Fees for services: Accounting | $161,188 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $432,390 |
| Advertising and promotion | $0 |
| Office expenses | $410,166 |
| Information technology | $77,663 |
| Royalties | $0 |
| Occupancy | $907,004 |
| Travel | $54,121 |
| 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 | $500,090 |
| Insurance | $113,801 |
| All other expenses | $32,754 |
| Total functional expenses | $12,723,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,850,172 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,545,168 |
| Accounts receivable, net | $282,179 |
| 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 | $119,940 |
| Net Land, buildings, and equipment | $1,862,036 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,659,495 |
| Accounts payable and accrued expenses | $515,047 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $515,047 |
| Net assets without donor restrictions | $9,144,448 |
| Net assets with donor restrictions | $0 |
| 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 | $9,659,495 |