Centurion Foundation
- Assets
- $150.8m
- Revenue
- $5.1m
- Investments
- $148.0m
- Employees
- 0
- Location
- West Fargo, ND
- Founding
- Data as of
- 12/2023
- EIN
- 87-3351799
Organization Overview
Centurion Foundation is located in West Fargo, ND. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Centurion Foundation 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 12/2023, Centurion Foundation generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (68.3%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Chambers Founder And Trustee | 2 | $0 | |
Victoria Chambers Founder And Trustee | 2 | $0 | |
Marc Wolff As Of 121923 Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,150,391 |
| Dividends & Interest | $3,882,083 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,391 |
| Capital Gain Net Income | $78,391 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,110,865 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $89,448 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $583,844 |
| Contributions, gifts, grants paid | $5,633,334 |
| Total expenses and disbursements | $6,217,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,747,041 |
| Savings and temporary cash investments | $0 |
| 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 | $260,583 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $150,793,153 |
| 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, Centurion Foundation has awarded $5,633,334 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD COLLEGE PURPOSE: MEDICAL RESEARCH | $350,000 |
NATIONAL BRAIN TUMOR SOCIETY PURPOSE: MEDICAL RESEARCH | $100,000 |
NORTH DAKOTA STATE UNIVERSITY PURPOSE: SCIENTIFIC RESEARCH (MICROBIOLOGY) | $1,000,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: MEDICAL RESEARCH | $683,334 |
WHITEHEAD INSTITUTE PURPOSE: MEDICAL RESEARCH | $1,000,000 |
GOLDMAN SACHS PHILANTHROPY FUND PURPOSE: GENERAL CHARITABLE PURPOSE | $2,500,000 |