BBB Wise Giving Report for
CentroNia

BBB Wise Giving Report issued November 2011
BBB Wise Giving Report expires November 2013


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: CentroNia
Address: 1420 Columbia Road, NW
  Washington, DC 20009
Phone: 202-332-4200
202-745-2562
Web Address: www.centronia.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1986, District of Columbia
Affiliates: DC Bilingual Public Charter School

Stated Purpose: "to educate children, youth and families in a bilingual and multicultural environment."

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Evaluation Conclusions

               

CentroNia does not meet the following 3 Standards for Charity Accountability.

Standard 6: Board Policy on Effectiveness - Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.

CentroNia does not meet this Standard because:

  • The board of directors does not have a written policy stating that, at least every two years, an appraisal be done assessing the organization’s performance and effectiveness and determining future actions required to achieve its mission.

Standard 7: Board Approval of Written Report on Effectiveness - Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.

CentroNia does not meet this Standard because:

  • It has not completed a written effectiveness assessment in the past two years.

Standard 16: Annual Report - Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

CentroNia does not meet this Standard because its 2010 annual report did not include:

  • The organization’s mission statement.
  • Total income.
  • Total end of year net assets.

In addition, the financial information in the 2010 annual report was based on 2009 figures.
CentroNia meets the remaining 17 Standards for Charity Accountability.
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Programs

               

CentroNía reports providing educational programs, professional development, and family support services to the community. Its programs center around four interconnected areas to ensure the organization's mission reaches the families served. The four program areas are: early childhood education, community education, DC Bilingual Public Charter School and CentroNía Institute. The accredited early childhood education program strives to build responsive relationships between children, families and instructors at an early age. The community education program engages children, youth and adults in the community through youth leadership programs, tutoring programs, and before and after school programs. DC Bilingual Public Charter School is a learning community for pre-K through fifth grade that aims to ensure high academic achievement for all students in both English and Spanish. The CentroNía Institute serves as a resource that supports the professional development of teachers and instructs best practices for working with bilingual, multicultural communities.

For the year ended December 31, 2010, CentroNia's program expenses were:

  
Program services 8,614,830
Total Program Expenses: $8,614,830
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Governance

               

Chief Executive : Myrna Y. Peralta, President and CEO
Compensation*:

Chair of the Board: Dennis A. Davison
Chair's Profession / Business Affiliation: Partner, McKenna Long & Aldridge, LLP

Board Size: 14

Paid Staff Size: 255

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances. The incumbent, Ms. Peralta assumed office in February 2011. Prior to the current CEO, Beatriz Otero served in such capacity and was compensated $160,000 in 2010.
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Fund Raising

               

Method(s) Used:

Direct mail, special events, Internet appeals, and grant proposals.
Fund raising costs were 13% of related contributions. (Related contributions, which totaled $4,063,620, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on CentroNia's audited financial statements for the year ended December 31, 2010.

Source of Funds  
Grants and contributions 3,998,808
Government contract revenue 3,052,437
Rental income 1,231,156
Management fee and other revenue 1,000,951
Parents' fees 750,310
In-kind contributions 64,812
Investment income 723
Total Income $10,099,197


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Uses of Funds as a % of Total Expenses

Programs: 79%  Fund Raising: 5%  Administrative: 16% 

Total income   $10,099,197
  Program expenses $8,614,830
  Fund raising expenses 509,461
  Administrative expenses 1,795,925
 
Total expenses   $10,920,216
Expenses in Excess of Income   (821,019)
Beginning net assets   4,487,803
Other Changes in Net Assets 410,416
Ending net assets   4,077,200
Total liabilities   5,313,225
Total assets   $9,390,425

Note 1: In the above financial summary, "other changes in net assets" include net capitalized equipment and leasehold ($346,916) and forgiveness of long-term debt ($63,500).

Note 2: According to CentroNia's 2010 audited financial statemnts, the organization received contribution in the amount of $64,812 for pro-bono legal services.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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