CENTRI TECH FOUNDATION: Form 990EZ, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
CENTRI TECH FOUNDATION (EIN 82-4044837)
Tax period
2019-01-01 to 2019-12-31
Filed
2021-04-19
IRS object ID
202121099349200002
Schema version
2019v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-04-19T07:45:37-04:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt
Return Type990EZReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN824044837EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CENTRI COMMUNITIESBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Michael StaplesInCareOfNm
Business Name ControlCENTBusinessNameControlTxt
Phone5712146223PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13087 ORDWAY ST NWAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP200083255ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMichael StaplesPersonNm
Person TitleTreasurer, SecretaryPersonTitleTxt
Phone5712146223PhoneNum
Signature2021-04-19SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Website Addresswww.centricommunities.orgWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$150,775GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$150,000ContributionsGiftsGrantsEtcAmt
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$0GrossProfitLossSlsOfInvntryAmt
Other Revenue Total$775OtherRevenueTotalAmt
Total Revenue$150,775TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$141,738FeesAndOtherPymtToIndCntrctAmt
Other Expenses Total$4,702OtherExpensesTotalAmt
Total Expenses$146,440TotalExpensesAmt
Excess Or Deficit For Year$4,335ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$0NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$4,335NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$4,335EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$4,335EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$4,335EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeCENTRI Communities supports local community development organizations to solve problems in their community by bringing together stakeholders to create sustainable asset building solutions that yield long term economic, health and educational enhancement to its residents by leveraging technology and innovative solutions.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (2 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmtProgram Service ExpensesProgramServiceExpensesAmt
The Technology Adoption Program was established to create a useful technology capacity program for the affordable housing industry including affordable access to broadband and relevant technology for low-income residents. The initial stage of the program work started in 2019 which sought to demonstrate the programmatic and economic viability of life-enhancing technology enabled initiatives with the larger goal of creating a de-facto technology standard for affordable housing.$0$96,350
Community analysis of the Corktown region of Detroit in conjunction with Centri Capital's engagement by the Ford Foundation to evaluate potential investable opportunities and capital structures for neighborhood revitalization and economic development in tandem with the Ford Motor Company's investment and commitment into the neighborhood. The program focused on innovative community development lending, community engagement and program implementation for their mobility, small business lending and employment programs.$0$26,400
FieldValueIRS element (for citing)
Total Program Service Expenses$122,750TotalProgramServiceExpensesAmt
Info In Schedule O Part IVYes (X)InfoInScheduleOPartIVInd

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (6 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Michael Staples
Treasurer & Secretary5$0$0$0
Rey Ramsey
Director2$0$0$0
Reginald Van Lee
Executive Director2$0$0$0
Daniel Alter
Director2$0$0$0
Shirley Marcus Allen
Director2$0$0$0
Wendel Brown
Director2$0$0$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldDCStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMichael StaplesPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line125302 Diligence CtAddressLine1Txt
CityAldieCityNm
State AbbreviationVAStateAbbreviationCd
ZIP20105ZIPCd
FieldValueIRS element (for citing)
Phone5712146223PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$150,000CurrentTaxYearAmt
Total$150,000TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$150,000CurrentTaxYearAmt
Total$150,000TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$143,969SubstantialContributorsTotAmt
Public Support Total170$6,031PublicSupportTotal170Amt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$775CurrentTaxYearAmt
Total$775TotalAmt
FieldValueIRS element (for citing)
Total Support$150,775TotalSupportAmt
Gross Receipts Rltd Activities$0GrossReceiptsRltdActivitiesAmt
First5 Years170Yes (X)First5Years170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePart II, line 10FormAndLineReferenceDesc
Explanation| S.No:, Amount:, Description:| 1, $775, Reimbursed Expenses|ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, line 8| Other Revenues:, Amount:| Reimbursed Expenses, $775|
Part I, line 16| Other Expenses:, Amount:| Formation fees, $1058.00| Travel, $3644.00|

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