CENTRE FOUNDATION INC

EIN: 251782197 501(c)(3) Philanthropy & Grantmaking

STATE COLLEGE, PA

Total Revenue
$6,043,071
Total Expenses
$5,804,494
Total Assets
$78,171,662
Net Assets
$78,155,967
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
PA
Principal Officer
MOLLY KUNKEL
Phone
8142376229
Tax Period
2023-01-01 to 2023-12-31

CENTRE FOUNDATION INC, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.0M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $5.8M left a modest 4% surplus.

Mission

TO INSPIRE AND FACILITATE A CULTURE OF GIVING AND ENGAGEMENT THAT CULTIVATES A VIBRANT, EQUITABLE AND INCLUSIVE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,569,402
Program Service Revenue $9,060
Investment Income $1,604,800
Other Revenue $-140,191
TOTAL REVENUE $6,043,071

Expense Breakdown

Grants Paid $4,378,774
Salaries & Benefits $751,753
Fundraising Expenses $306,534
Program Expenses $5,139,942
Other Expenses $673,967
TOTAL EXPENSES $5,804,494

Year-over-Year Comparison

2023 2022 Change
Revenue $6,043,071 $5,437,523 +0.1%
Expenses $5,804,494 $5,946,892 0.0%
Net Income $238,577 $-509,369 -1.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
10
Volunteers
30

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✓ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$173,079
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEN HALL DIRECTOR 1.00
Director
$0 $0 $0
LYDIA ABDULLAH DIRECTOR 1.00
Director
$0 $0 $0
CARI GUSTAFSON DIRECTOR 1.00
Director
$0 $0 $0
PAULA WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
MADHURI SHRIKANT DESAI DIRECTOR 1.00
Director
$0 $0 $0
ERIN MEITZLER VICE CHAIR/SECRETARY 1.00
Officer Director
$0 $0 $0
RANDY WOOLRIDGE DIRECTOR 1.00
Director
$0 $0 $0
BOB HICKS DIRECTOR 2.00
Director
$0 $0 $0
BLAKE GALL DIRECTOR 4.00
Director
$0 $0 $0
RICH KALIN DIRECTOR 1.00
Director
$0 $0 $0
KATE BENNETT TRUITT CHAIR 4.00
Officer Director
$0 $0 $0
ELLEN MATIS DIRECTOR 1.00
Director
$0 $0 $0
SERIA CHATTERS DIRECTOR 1.00
Director
$0 $0 $0
JOE DIONISIO TREASURER 2.00
Officer Director
$0 $0 $0
VENKAT BENDAPUDI DIRECTOR 1.00
Director
$0 $0 $0
MOLLY KUNKEL PRESIDENT/CEO 50.00
Officer
$149,329 $23,750 $173,079
CARRIE RYAN CFO/COO 50.00
Highest
$124,009 $28,257 $152,266
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $6,043,071 $5,804,494 $78,171,662 $238,577
2022 $5,437,523 $5,946,892 $70,860,925 $-509,369
2021 $14,856,609 $5,234,439 $81,202,469 $9,622,170
2020 $5,981,830 $5,219,017 $66,122,521 $762,813
2019 $7,895,464 $4,273,383 $57,460,240 $3,622,081
2018 $10,501,287 $3,572,708 $46,743,484 $6,928,579
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