CENTRI TECH FOUNDATION

EIN: 824044837 501(c)(3) Community Improvement

WASHINGTON, DC

Total Revenue
$1,282,515
Total Expenses
$1,372,142
Total Assets
$1,161,462
Net Assets
$1,161,462
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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
DC
Principal Officer
MARTA URQUILLA
Phone
2029918579
Tax Period
2024-01-01 to 2024-12-31

CENTRI TECH FOUNDATION, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 120% from the prior year, signaling strong growth momentum.

Mission

CENTRI TECH FOUNDATION 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.

Program Service Accomplishments

Program 1
Expenses: $703,578

DIGITAL ADVANCEMENT INSTITUTETHE CENTRI TECH FOUNDATION SEEKS TO LEVERAGE INVESTMENTS IN TECHNOLOGY ACCESS AND ADOPTION TO BUILD AN INCLUSIVE DIGITAL ECONOMY. BY EXPANDING ACCESS TO AFFORDABLE...

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DIGITAL ADVANCEMENT INSTITUTETHE CENTRI TECH FOUNDATION SEEKS TO LEVERAGE INVESTMENTS IN TECHNOLOGY ACCESS AND ADOPTION TO BUILD AN INCLUSIVE DIGITAL ECONOMY. BY EXPANDING ACCESS TO AFFORDABLE, RELIABLE HIGH-SPEED INTERNET TO EVERY AMERICAN NOT ONLY WHERE THEY WORK AND LEARN, BUT ALSO WHERE THEY LIVE, LEADERS CAN IMPLEMENT BOLD STRATEGIES THAT DRIVE ECONOMIC DEVELOPMENT AND ACHIEVE PROSPERITY FOR ALL. THIS APPROACH IS CALLED DIGITAL ADVANCEMENT, THE MOBILIZATION OF TECHNOLOGY'S POTENTIAL TO LIFT THE HUMAN CONDITION.THE DIGITAL ADVANCEMENT MUNICIPAL INDEX (MUNI INDEX) IS A TOOL DESIGNED TO MEASURE U.S. CITIES' PROGRESS TOWARD SHARED PROSPERITY. USING 16 INDICATORS FROM FOUR CATEGORIES TECHNOLOGY, SOCIOECONOMICS, EDUCATION, AND HOUSING, THE MUNI INDEX CAPTURES AND COMPARES A CITY'S OVERALL PROSPERITY AND DIGITAL EQUITY METRICS ACROSS NEARLY U.S. CITIES WITH POPULATIONS OVER 65,000. OUR REFRESHED INDEX INCLUDES UPDATED DATA FOR 540 CITIES, FRESH INSIGHTS, AND NEW VISUALIZATIONS.IN 2024, BUILDING OFF OF THE SUCCESSFUL RELEASE OF THE V2.0 OF THE MUNI INDEX, WE STRENGTHENED OUR COMMITMENT TO SHARING DATA INSIGHTS FOR A NATIONAL AUDIENCE. WE INITIATED THE DEVELOPMENT OF A NEW AND COMPLIMENTARY ADDITION TO THE INDEX: AN INTERACTIVE MAP. WE SEEK TO DESIGN A MORE ACCESSIBLE, COMPELLING, AND VISUALLY ENGAGING TOOL THAT PROVIDES CITIES AND OTHER PRACTITIONERS A CLEARER, MORE IMPACTFUL VIEW OF KEY LOCAL INFORMATION.WE COLLABORATED WITH EXTERNAL STAKEHOLDERS TO REFINE AND ENHANCE THE MUNICIPAL INDEX, ACTIVELY GATHERING THE INPUT AND INSIGHTS OF OUR PEERS. ENGAGING IN MEANINGFUL DISCUSSIONS WITH REPRESENTATIVES FROM LOCAL AND STATE GOVERNMENTS, NATIONAL NONPROFITS, AND THE PRIVATE SECTOR ALLOWED US TO GATHER VALUABLE FEEDBACK ON USER NEEDS, USABILITY, AND DATA RELEVANCE. THESE DIALOGUES ENABLED US TO MAKE INFORMED IMPROVEMENTS TO THE TOOLS, ALIGNING WITH OUR END GOAL OF SUPPORTING DATA-DRIVEN DECISION MAKING.WE PRESENTED AT THE NATIONAL DIGITAL INCLUSION ALLIANCE'S 2024 NET INCLUSION CONFERENCE, WHERE OVER 1300 POLICYMAKERS, INTERNET SERVICE PROVIDERS, ADVOCATES, RESEARCHERS, EVALUATORS AND COMMUNITY PARTNERS GATHERED TO SHARE KNOWLEDGE AND DISCUSS BEST PRACTICES ON DIGITAL INCLUSION. WE ASSEMBLED A PANEL OF KEY STAKEHOLDERS WHO HAVE BEEN INSTRUMENTAL IN DEVELOPING THE DIGITAL ADVANCEMENT INSTITUTE, INCLUDING REPRESENTATIVES FROM THE FEDERAL RESERVE BANK OF PHILADELPHIA, NEXT CENTURY CITIES, THE ILLINOIS BROADBAND LAB AND THE CITY OF PHILADELPHIA. ALONGSIDE CTF PRESIDENT MARTA URQUILLA, WHO MODERATED THE PANEL, THE SPEAKERS DISCUSSED STRATEGIES FOR ACCESSING DATA AND LEVERAGING TOOLS LIKE THE MUNICIPAL INDEX TO MAKE STRIDES TOWARDS MEANINGFUL DIGITAL ADVANCEMENT.LOOK AHEAD: AS WE MOVE FORWARD, WE REMAIN COMMITTED TO USING DATA AS A POWERFUL RESOURCE TO SUPPORT DECISIONS IN PROGRESSING TOWARDS DIGITAL ADVANCEMENT. WE WILL UPDATE THE INDEX WITH NEW PUBLIC DATA AND ENGAGE WITH PARTNERS ACROSS GOVERNMENT, THE PRIVATE SECTOR, PHILANTHROPY AND NONPROFITS. A KEY PRIORITY WILL BE THE STRATEGIC PROMOTION AND AMPLIFICATION OF THE INDEX TO MAXIMIZE ITS REACH AND IMPACT, SUCH AS OPPORTUNITIES TO SHOWCASE THE TOOL AND ITS IMPACT TO NEW AND DIVERSE AUDIENCES. WE WILL SEEK STRATEGIC PARTNERSHIPS TO ENHANCE THE TOOL AND SECURE FUNDING TO FURTHER DEVELOP AND REFINE ITS CAPABILITIES, INCLUDING THE INTEGRATION OF COMMUNITY DATA.

Program 2
Expenses: $217,780

SOCIAL JUSTICE INNOVATION AWARDS IN 2024, THE CENTRI TECH FOUNDATION, IN PARTNERSHIP WITH MORGAN STANLEY, CONVENED AND PROVIDED LEADERSHIP COACHING AND MENTORING TO THE 2023 FELLOWS OF THE SOCIAL...

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SOCIAL JUSTICE INNOVATION AWARDS IN 2024, THE CENTRI TECH FOUNDATION, IN PARTNERSHIP WITH MORGAN STANLEY, CONVENED AND PROVIDED LEADERSHIP COACHING AND MENTORING TO THE 2023 FELLOWS OF THE SOCIAL JUSTICE INNOVATION AWARDS (SJIA), A PROGRAM NOW IN ITS THIRD YEAR THAT AIMS TO IDENTIFY AND INVEST IN BREAKTHROUGH IDEAS FOR SOCIAL JUSTICE. OVER 2022 AND 2023, CTF RE-GRANTED $2.75M ALONG WITH SUPPORT TO 11 INNOVATORS WHO ARE LEADING TECH-BASED SOLUTIONS FOR A VARIETY OF SOCIAL CHALLENGES FROM YOUTH MENTAL HEALTH TO ACCESS TO TECHNOLOGY, EDUCATION, PUBLIC BENEFITS, SECOND CHANCE OPPORTUNITIES, AND INDIGENOUS LANGUAGE PRESERVATION. THE 2023 WINNERS OF THE SJIA EACH RECEIVED GRANTS AND BESPOKE SUPPORT TO DEVELOP THEIR INNOVATIONS. THEY JOINED A 9-MONTH FELLOWSHIP COHORT DESIGNED TO PROMOTE COLLABORATION, BUILD LEADERSHIP CAPACITY, AND INCREASE THEIR ACCESS TO NETWORKS. THE FELLOWSHIP COMMENCED WITH AN IN-PERSON CONVENING IN WASHINGTON, D.C., IN SEPTEMBER 2023. FROM OCTOBER 2023 - JUNE 2024, THE COHORT CONNECTED WITH LEADING EXPERTS FOR STRATEGIC SESSIONS FOCUSED ON TECHNOLOGY, LEADERSHIP AND MANAGEMENT AND PARTICIPATED IN ONE-ON-ONE COACHING SESSIONS WITH A TRANSFORMATIONAL LEADERSHIP DEVELOPMENT EXPERT. - CTF AND THE SJIA FELLOWS ATTENDED TWO LEADERSHIP SESSIONS WITH EXECUTIVES FROM MORGAN STANLEY TO DISCUSS GENERATIVE AI AND INCLUSIVE ENTREPRENEURSHIP. CTF OPENED THE 2024 SOCIAL JUSTICE INNOVATION AWARDS, EXTENDING A CALL FOR NOMINATIONS TO A NATIONAL NETWORK OF SUBJECT MATTER EXPERTS AND SOCIAL JUSTICE PRACTITIONERS. OVER 100 APPLICATIONS WERE RECEIVED, FEATURING AI MODELS AND OTHER APPROACHES TO CHALLENGES SUCH AS CLIMATE CHANGE, WORKFORCE DEVELOPMENT, AND HEALTH. APPLICATIONS WERE EVALUATED BY AN EXTERNAL REVIEW PANEL, FOLLOWED BY SEMI-FINALIST INTERVIEWS. LOOK AHEAD: IN 2025, WE WILL SELECT AND ANNOUNCE THE PROGRAM'S THIRD COHORT; IMPLEMENT THE COHORT EXPERIENCE; SECURE PARTNERSHIPS AND SUPPORT TO ENHANCE THE PROGRAM; MEASURE, DOCUMENT, AND SHARE PROGRAM OUTCOMES; AND PURSUE FUTURE FUNDING AND SUPPORT.

Program 3
Expenses: $157,765

DIGITAL INTEGRATORS PROGRAM BUILDING ON OUR DIGITAL INTEGRATORS PROGRAM, CTF LAUNCHED NEW DIGITAL TOOLS FOR JOB SEEKERS IN BALTIMORE AND PHILADELPHIA AS PART OF COMMUNITY SKILLS CONNECT, AN...

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DIGITAL INTEGRATORS PROGRAM BUILDING ON OUR DIGITAL INTEGRATORS PROGRAM, CTF LAUNCHED NEW DIGITAL TOOLS FOR JOB SEEKERS IN BALTIMORE AND PHILADELPHIA AS PART OF COMMUNITY SKILLS CONNECT, AN INITIATIVE TO HELP LOW-INCOME RESIDENTS NAVIGATE LOCAL WORKFORCE DEVELOPMENT RESOURCES AND ACCESS DIGITAL SKILLS TRAINING. WITH SUPPORT PROVIDED BY VERIZON'S COMMUNITY ENHANCEMENT AWARD IN THE FALL OF 2023, CTF WAS ONE OF 10 GRANTEES HELPING FULFILL VERIZON'S $1 MILLION NATIONAL INITIATIVE TO ENSURE COMMUNITIES HAVE ACCESS TO THE TOOLS AND SKILLS TO NAVIGATE AN INCREASINGLY TECHNOLOGICAL WORLD. IN 2024, CTF DEVELOPED COMMUNITY SKILLS CONNECT, A NEW DIGITAL WORKFORCE DEVELOPMENT INITIATIVE TO CONNECT LOW-INCOME JOB SEEKERS IN BALTIMORE, MD, PHILADELPHIA, PA, AND WASHINGTON, DC TO DIGITAL SKILLS TRAINING OPPORTUNITIES AND LOCAL WORKFORCE DEVELOPMENT RESOURCES. WORKING WITH COMMUNITY PARTNERS IN EACH CITY, THE INITIATIVE AIMS TO HELP LOW-INCOME RESIDENTS NAVIGATE LOCAL WORKFORCE DEVELOPMENT RESOURCES, ACCESS DIGITAL SKILLS TRAINING, AND IDENTIFY PATHWAYS FOR JOBS AND CAREERS ON THE LOCAL LEVEL. IN MAY 2024, WE SELECTED OUR ON THE GROUND COMMUNITY PARTNERS AND RE-GRANTED A PORTION OF THE VERIZON AWARD DOLLARS TO SUPPORT THEIR PARTICIPATION. PHILADELPHIA'S TECHNOLOGY LEARNING COLLABORATIVE IS A NONPROFIT COALITION PROVIDING PROFESSIONAL DEVELOPMENT AND CAPACITY BUILDING FOR PRACTITIONERS AND ADVOCATING FOR DIGITALLY INCLUSIVE COMMUNITIES. THE BALTIMORE DIGITAL EQUITY COALITION IS A NONPROFIT HELPING INDIVIDUALS AND ORGANIZATIONS WORK TOGETHER TO BRING VITAL DIGITAL EQUITY RESOURCES TO THE CITY'S MOST DISCONNECTED RESIDENTS. OUR PARTNERS' SHARED GOAL IS TO HELP STREAMLINE RESIDENTS' JOURNEYS TOWARD ECONOMIC OPPORTUNITY, FROM GAINING DIGITAL LITERACY TO ADOPTING EMERGING TECH FOR THE WORKPLACE AND WEALTH BUILDING, TO EARNING CREDENTIALS FOR JOBS AND CAREERS. IN OCTOBER 2024, WE OFFICIALLY LAUNCHED THE COMMUNITY SKILLS CONNECT PLATFORM ACROSS OUR NETWORKS, IN COLLABORATION WITH OUR PARTNERS. WE PRODUCED CUSTOMIZED AND LOCALIZED WEBSITES FOR EACH CITY, PHILADELPHIA AND BALTIMORE, THAT ARE DEPLOYED VIA THE CENTRI LIFE DIGITAL SERVICES PLATFORM. EACH LOCAL SITE HAS BEEN CO-BRANDED WITH OUR COMMUNITY PARTNERS IN EACH CITY AND FEATURES DIGITAL SKILLS TRAINING AND OTHER LOCAL WORKFORCE DEVELOPMENT OPPORTUNITIES. THESE NEW SITES ARE AIMED TO HELP LOCAL JOB SEEKERS BETTER NAVIGATE AND ACCESS SERVICES, RESOURCES, AND INFORMATION IN THEIR COMMUNITIES, AND WILL AID OUR GRANTEE PARTNERS IN PROMOTING THEIR SERVICES TO COMMUNITY RESIDENTS. ADDITIONALLY, WE BROUGHT NEW MODELS FOR DIGITAL SKILLS EDUCATION DIRECTLY TO RESIDENTS IN WASHINGTON, DC'S WARDS 7 AND 8. IN MAY 2024, WE COLLABORATED WITH SERVICE PROVIDER MARTHA'S TABLE AND THE BLACK UPSTART, A NONPROFIT DEDICATED TO PROMOTING BLACK ENTREPRENEURSHIP, TO HOST AN AI FOR ENTREPRENEURS WORKSHOP IN WASHINGTON, DC. WE AWARDED SCHOLARSHIPS AND LAPTOPS TO 33 ASPIRING BUSINESS OWNERS, AGES 17 TO 70+. THESE ENTREPRENEURS WITH LITTLE TO NO TECH EXPERIENCE CAME TOGETHER TO LEARN HOW TO USE AI TO DESIGN, DEVELOP, AND MARKET PRODUCTS FOR THEIR PROPOSED VENTURES. AS A RESULT, 93% LEARNED TO USE AI FOR THE FIRST TIME, 87% PLAN TO PURSUE FURTHER TRAINING AND CERTIFICATIONS, AND 54% PLAN TO START THEIR OWN BUSINESS OR SIDE HUSTLE. LOOKING AHEAD: A SECOND AI FOR ENTREPRENEURS WORKSHOP EVENT WILL BE HELD FOR ASPIRING ENTREPRENEURS IN WASHINGTON, DC. WHILE OUR DIGITAL PLATFORMS HAVE OFFICIALLY LAUNCHED, THEY REMAIN IN PILOT MODE ACROSS BALTIMORE AND PHILADELPHIA, ALLOWING US TO COLLECT ESSENTIAL USER DATA AND FEEDBACK. THIS DATA WILL PROVIDE INSIGHT INTO HOW RESIDENTS ARE INTERACTING WITH THE PLATFORM, INFORMING FURTHER ENHANCEMENTS TO BETTER MEET THE NEEDS OF OUR COMMUNITIES. CTF IS PURSUING OPPORTUNITIES TO PROVIDE AI SKILLS TRAINING FOR YOUTH IN WASHINGTON DC TO INCREASE THEIR EMPLOYABILITY AND ECONOMIC MOBILITY.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,201,596
Program Service Revenue $0
Investment Income $80,919
Other Revenue $0
TOTAL REVENUE $1,282,515

Expense Breakdown

Grants Paid $94,426
Salaries & Benefits $450,757
Fundraising Expenses $125,000
Program Expenses $1,079,123
Other Expenses $826,959
TOTAL EXPENSES $1,372,142

Year-over-Year Comparison

2024 2023 Change
Revenue $1,282,515 $583,896 +1.2%
Expenses $1,372,142 $2,709,598 -0.5%
Net Income $-89,627 $-2,125,702 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
6
Volunteers
3

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
3
$203,256
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REY RAMSEY CHAIR 5.00
Director
$0 $0 $0
WENDELL BROWN DIRECTOR 2.00
Director
$0 $0 $0
CLYDE EDWARDS DIRECTOR 2.00
Director
$0 $0 $0
MARTA URQUILLA PRESIDENT 40.00
Officer
$181,138 $22,118 $203,256
MICHAEL STAPLES TREASURER & SECRETARY 5.00
Officer
$0 $0 $0
STEVEN TEPLITZ GENERAL COUNSEL 5.00
Officer
$0 $0 $0
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 $1,282,515 $1,372,142 $1,161,462 $-89,627
2023 $583,896 $2,709,598 $1,251,114 $-2,125,702
2022 $183,007 $2,752,868 $3,215,688 $-2,569,861
2021 $4,560,279 $1,176,037 $5,980,349 $3,384,242
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