Centergy Inc
- Assets
- $209.3k
- Revenue
- $294.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Wausau, WI
- Founding
- 10/1989
- Data as of
- 12/2022
- EIN
- 39-1643470
Organization Overview
Centergy Inc is located in Wausau, WI. The organization was established in 1989. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centergy Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Centergy Inc generated $294.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $174.2k during the year ending 12/2022. While expenses have increased by 0.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF CENTERGY IS TO PROMOTE THE REGION, RETAIN AND ATTRACT THRIVING BUSINESSES, ALIGN REGIONAL TALENT DEVELOPMENT RESOURCES AND INITIATIVES, AND SUPPORT INNOVATION AND ENTREPRENEURSHIP TO INSPIRE CONTINUOUS IMPROVEMENT IN OUR REGION'S ECONOMIC VITALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE DEVELOPMENT-CONVENED, FACILITATED, AND COLLABORATED WITH ALL ECONOMIC AND WORKFORCE DEVELOPMENT ENTITIES IN THE REGION-PLANNED AND OFFERED THE REGIONAL TALENT SUMMIT TO DISCUSS TALENT DEVELOPMENT, ATTRACTION AND RETENTION-SUPPORTED THE DEVELOPMENT OF THE INSPIRE PROGRAM FOR THE CENTRAL WISCONSIN REGION. THE PROGRAM WILL WORK TO CONNECT STUDENTS WITH EMPLOYERS TO GIVE THEM THE OPPORTUNITY TO DEVELOP WORKFORCE SKILLS, DETERMINE THEIR CAREER INTERESTS, AND NETWORK WITH DIFFERENT COMPANY REPRESENTATIVES.
REGIONAL DEVELOPMENT-REGIONAL CENTERGY STRATEGIC PLANNING SESSIONS: CENTERGY FACILITATED PLANNING MEETINGS WITH THE CENTERGY BOARD AND KEY REGIONAL PARTNERS INCLUDING WEDC, RPC, NCWWDB, & ECONOMIC DEVELOPMENT LEADERS, EDUCATION AND BUSINESS LEADERS, TO DEVELOP FUTURE REGIONAL ECONOMIC DEVELOPMENT STRATEGIES AND CREATE A PLAN OF ACTION FOR THE ORGANIZATION.-MONTHLY DISTRIBUTION OF A WEB-BASED "CENTERGY NEWS" PUBLICATION. THIS APPROACH INCORPORATED INPUT FROM PARTNERS AND ATTEMPTED TO COMMUNICATE ISSUES AND EVENTS OF SIGNIFICANCE TO ALL REGIONAL STAKEHOLDERS.-MONTHLY DISTRIBUTION TO KEY STAKEHOLDERS OF "BENCHMARK REPORT"-SUPPORTED THE COORDINATION OF REGULAR BUSINESS RETENTION AND EXPANSION ACTIVITIES THROUGHOUT THE REGION.
BUSINESS DEVELOPMENT INITIATIVESINFRASTRUCTURE-FACILITATED AND IMPLEMENTED EFFORTS TO DEVELOP A REGIONAL SUPPLY CHAIN NETWORK TO ENCOURAGE SCALABLE NEW MARKET OPPORTUNITIES WITH THE OBJECTIVE OF EXPANDED MARKET EXPOSURE AND DIVERSIFICATION OF SUPPLIERS.-STARTED THE WEBSITE REBUILD/MARKETING BROCHURE PROJECT RECEIVED BY BRAND ACCELERATION INC.-LED DEVELOPMENT OF REGIONAL MARKETING STRATEGIES.-LEGISLATIVE/GOVERNMENT RELATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gordon Crow Director | Trustee | 0 | $47,460 |
Angel Whitehead President & CEO | OfficerTrustee | 0 | $19,076 |
Scott Larson Chairman | OfficerTrustee | 0 | $0 |
Nick Faber Treasurer | OfficerTrustee | 0 | $0 |
Bobbi Damrow Director | Trustee | 0 | $0 |
Paul Fowler Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $136,775 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $267,275 |
| Total Program Service Revenue | $27,560 |
| Investment income | $35 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $294,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,077 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,300 |
| Payroll taxes | $1,543 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,235 |
| Office expenses | $669 |
| Information technology | $828 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,012 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,286 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,807 |
| All other expenses | $1,660 |
| Total functional expenses | $174,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,261 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,086 |
| Total assets | $209,347 |
| Accounts payable and accrued expenses | $2,981 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,981 |
| Net assets without donor restrictions | $206,366 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $209,347 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Centergy Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Aspirus Inc Wausau, WI PURPOSE: SPONSORSHIP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spire Credit Union Falcon Heights, MN | $1,948,614,361 | $81,305,193 |
Serveminnesota Minneapolis, MN | $9,195,680 | $42,573,491 |
Arrowhead Economic Opportunity Agency Incorporated Virginia, MN | $33,957,216 | $39,136,123 |
Minnesota Valley Action Council Inc Mankato, MN | $12,018,161 | $29,353,976 |
Capital Area Community Services Inc Lansing, MI | $6,281,706 | $28,298,422 |
Tri-Valley Opportunity Council Inc Crookston, MN | $15,068,505 | $26,983,244 |
United Community Action Partnership Inc Marshall, MN | $18,347,423 | $25,415,099 |
Des Moines Performing Arts Des Moines, IA | $53,428,793 | $29,638,099 |
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Foundation For Detroits Future Detroit, MI | $47,892,805 | $26,320,980 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Tri-County Opportunities Council Rock Falls, IL | $4,101,390 | $18,238,868 |