2025-05-15T08:48:51-07:00 2024-06-30 204994635 Iryna AC 1000 Broadway Ste 200-C Oakland CA 94607 990 2023-07-01 452992960 Centro Community Partners CENT 5102503233 825 Washington Street 229 Oakland CA 94607 Arturo Noriega President & CEO 2025-05-14 true true Kostyantyn Oreshkov EA P00923916 5104679506 2023 2025-03-06 01:10:19Z Arturo Noriega 825 Washington Street 229 Oakland CA 94607 2171374 false X www.centrocommunity.org X 2011 CA To provide services to low income entrepreneurs with education business advising mentorship and access to capital. 2 2 13 2 0 1249907 2146489 63656 15957 7230 8928 0 1320793 2171374 0 0 747021 799776 118580 248770 817664 761145 1564685 1679501 -243892 491873 2589838 3078130 95096 87330 2494742 2990800 Centro Community Partners (Centro) provides the underserved, low income entrepreneurs with entrepreneurship education, one-on-one business advising, mentorship, and access to capital. false false 1101043 15957 During the financial year from July 1, 2023, to June 30, 2024, Centro Community Partners strengthened its commitment to advancing financial empowerment and entrepreneurship support for underserved communities. Our programs, partnerships, and innovations enabled us to make a significant impact on small business owners, aspiring entrepreneurs, and their families.Key Achievements:- Entrepreneurship Support & Training-- Served over 253 entrepreneurs through our Bootcamp, Basic Entrepreneurship, Start My Business, Grow My Business, and Fund My Business programs.-- Conducted 60 coaching sessions, equipping entrepreneurs with essential skills to launch and scale their businesses.-- Unique Served Entrepreneurs in Programs: 158-- Unique Served Entrepreneurs in Access to Capital: 35- Access to Capital & Financial Empowerment-- Provided financial literacy and credit-building education to individuals, focusing on Spanish-speaking entrepreneurs and low-income communities.-- Facilitated access to micro-loans and alternative funding sources, helping 36 businesses secure capital for growth.-- Total Capital Access Records: 36-- Unique Entrepreneurs Who Accessed Capital: 35-- Total Microloan Amount Accessed: $361,500- Tech Innovation & Expansion-- Transitioned from the Centro Business Planning App to the Centro CEO App, expanding access to our business development tools.- Community & Partnerships-- Strengthened collaboration with the Public Library System in California, New York, and Florida. Also, deepen our relationship with Kiva, Small Business Women Associations, Small Business Development Centers, and CDFIs, deepening support for small business owners.-- Attended 16 community events and networking opportunities, fostering connections among entrepreneurs and resource providers.- Organizational Growth & Equity Work-- Completed a year-long anti-racist education initiative, engaging 12 staff members in monthly training sessions from October 2023 to May 2024.-- Expanded our team, hiring five new trainers, program managers, and technology operations staff to enhance program delivery and impact.- Recognition-- During the financial year from July 1, 2023, to June 30, 2024, Centro Community Partners received several notable awards recognizing our commitment to empowering underserved entrepreneurs:-- Truist Foundation Inspire Award: In April 2024, we were honored with the top grant at the Truist Foundation's Inspire Awards, a pitch-style grant program celebrating nonprofits with innovative technology solutions to support undercapitalized communities. This recognition included a $250,000 grant to advance our initiatives, along with an additional $75,000 Audience Favorite award, reflecting the community's support for our mission.Centro Community Partners continues to drive economic empowerment through innovation, education, and advocacy. We look forward to building on these achievements in the coming year and expanding opportunities for entrepreneurs across diverse communities. 1101043 true true false false false false false false false false true false false false false true true false false true false false false true false false false false false true false false false false false false false false false false false false false false false false false true 29 0 true 13 true false false false false false false false 0 false false false false false false false X 2 2 false false false false false false false true true false false true true true true true true true true false CA X Han CPA and Consulting 9565661357 813 N Main St 202 McAllen TX 78501 Arturo Noriega President & CEO 40.00 0.00 X 145000 0 54951 Anita Dharapuram Board Chair 0.57 0.00 X X 0 0 0 Felix Fan Treasurer 0.57 0.00 X X 0 0 0 145000 54951 1 false true false Han CPA & Consulting LLC 813 Main St 202 McAllen TX 78501 Accounting service 132417 1 2500 2143989 8000 2146489 Fees for services 611430 15957 15957 15957 8928 8928 0 0 0 0 0 0 0 0 2171374 15957 8928 X 0 0 0 0 199951 79980 39990 79981 0 494489 448209 30028 16252 9601 9601 45685 41280 2594 1811 50050 39316 5020 5714 0 4785 4785 140225 1170 139055 0 118580 118580 0 353950 307350 46450 150 41330 37440 3568 322 13880 6930 6715 235 50076 24314 25364 398 0 19965 14538 3752 1675 78093 59212 5472 13409 0 17771 11990 5139 642 0 0 1280 1280 7412 32 7380 Professional development 28744 28744 Dues and other charges 3634 538 3096 0 1679501 1101043 329688 248770 789697 1449097 1237171 1255628 340607 543237 1685 0 0 0 0 10424 3475 12368 5184 1242 7184 8067 20454 0 0 0 0 2589838 3078130 95096 87330 95096 87330 X 1848842 2499550 645900 491250 2494742 2990800 2589838 3078130 491873 3208 977 X false true X true false X 890250 1326554 2718954 1313563 2146489 8395810 0 0 890250 1326554 2718954 1313563 2146489 8395810 2254360 6141450 774 814 2135 7230 8928 19881 0 0 8415691 627301 0.72980 0.64100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12368 5184 7184 7184 X 2215332 3208 40750 43958 2171374 2171374 1682214 2713 2713 1679501 1679501 Part X : FIN48 Footnote The Organization is a not-for-profit organization that is exempt from federal income tax on income under Section 501(c)(3) of the Internal Revenue Code and from state franchise tax under California Revenue and Taxation Code Section 23701 (d). However, income from activities not directly related to its tax-exempt purpose is subject to taxation as unrelated business income.The Organization has evaluated its current tax positions and has concluded that as of June 30, 2024, the Organization does not have any significant tax positions for which a provision would be necessary. X X X false Damanbir Singn 825 Washington St 229 Oakland CA 94607 Fundraising and advisory false 2146489 113280 2033209 2146489 113280 2033209 X X X false false false false false false false false false Arturo Noriega President & CEO 145000 40500 14451 199951 Form 990, Part VI, Section B, Line 11b Centros policy is to present Form 990, including significant schedules, to the full Board of Directors. Each Board member will receive a copy of Form 990 before the submission of the form to the Internal Revenue Service.990 prepared by CPA. Management reviews 990, presents to the board for review. Upon board approval, CPA files with appropriate tax agencies, and management/accounting sends out any required paper forms. Form 990, Part VI, Section B, Line 12c By monthly closing procedures. Form 990, Part VI, Section B, Line 15a The compensation is reviewed and approved by the Board of Directors. Individuals with a conflict of interest do not participate in the decision-making process. The organization utilizes publicly available data from similar nonprofit organizations to ensure that salaries are reasonable and competitive. Meeting minutes document the compensation discussions, including the data reviewed and the basis for approval. These records are maintained for compliance and transparency. Form 990, Part VI, Section C, Line 19 Available upon request.