The Centurion Foundation Inc
- Assets
- $193.2m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 1
- Location
- Atlanta, GA
- Founding
- 11/1996
- Data as of
- 06/2021
- EIN
- 58-2235068
Organization Overview
The Centurion Foundation Inc is located in Atlanta, GA. The organization was established in 1996. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centurion Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Centurion Foundation Inc generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $5.5m during the year ending 06/2021. While expenses have increased by 24.2% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES SERVICES AND ASSISTS OTHER TAX EXEMPT ENTITIES IN OBTAINING FINANCING FOR THEIR PROJECTS. THESE MAY OR MAY NOT INCLUDE A BROAD VARIETY OF SERVICES, PROGRAMS, AND ACTIVITIES SERVING THE NEEDS OF THE ELDERLY AND THE DEVELOPMENTALLY DISABLED, ADVANCING PHYSICAL AND MENTAL HEALTH, LESSENING THE BURDENS OF GOVERNMENT, PROVIDING AFFORDABLE LOW INCOME HOUSING, PROMOTING EDUCATION, AND FINANCING, HOLDING, AND LEASING FACILITIES AND INFRASTRUCTURE IN CONNECTION WITH THESE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Mingle President | 40 | $340,000 | |
Mitzi Ball Director | 1 | $0 | |
James W Field Director | 1 | $0 | |
Greg Grove CEO | 20 | $0 | |
Susan F Painter Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Evan Terry Associates Llc | 6/29/21 | $470,584 |
Andersen Construction | 6/29/21 | $9,155,685 |
Newmark | 6/29/21 | $750,000 |
Philowilke Partnership | 6/29/21 | $587,860 |
White-spunner Construction Inc | 6/29/21 | $12,607,276 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,759,227 |
| Total Revenue | $5,759,227 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $138,001 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $13,849 |
| Interest | $5,131,286 |
| Taxes | $0 |
| Depreciation | $3,265 |
| Occupancy | $16,075 |
| Travel, conferences, and meetings | $22,372 |
| Printing and publications | $230 |
| Other expenses | $49,489 |
| Total operating and administrative expenses | $5,452,766 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $5,456,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $593,780 |
| Savings and temporary cash investments | $12,248,787 |
| Net Accounts receivable | $2,074,438 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $11,847,925 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $41,656 |
| Other assets | $166,421,243 |
| Total assets | $193,227,829 |
| Accounts payable and accrued expenses | $1,936,107 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $190,840,563 |
| Total liabilities | $192,776,670 |
Grants Awarded
Over the last fiscal year, The Centurion Foundation Inc has awarded $4,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: 2020-21 HARD HATS WITH HEART DETROIT 2020 SILVER SPONSORSHIP | $2,500 |
Fairhope, AL PURPOSE: THE THOMAS FOUNDATION CHARITY GOLF SPONSORSHIP | $1,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Centurion Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Community Police Relations Foundation Fort Lauderdale, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Andrews Residence Of The Diocese Of Southeast Florida Inc West Palm Beach, FL | $295,539 | $24,065,641 |
Cypress Of Charlotte Club Inc Charlotte, NC | $4,602,507 | $19,033,502 |
Lavender Mountain Senior Living Inc Mount Berry, GA | $141,195,331 | $5,176,789 |
Cypress Club Inc Hilton Head Island, SC | $31,122,152 | $20,067,120 |
Westminster Pines Inc Orlando, FL | $103,132,021 | $15,458,662 |
Skidaway Health And Living Services Inc Savannah, GA | $89,340,251 | $17,567,308 |
Lake Prince Center Inc Newton, NC | $22,105,583 | $13,762,352 |
Palm Shores Retirement Community Inc Orlando, FL | $37,421,751 | $16,521,390 |
St George Village-Catholic Community Retirement Center Roswell, GA | $71,436,640 | $13,654,810 |
Wesley Homes Inc Atlanta, GA | $20,385,914 | $13,715,520 |
Tampa Life Plan Village Inc Tampa, FL | $57,175,002 | $4,514,952 |
Jewish Home Life Communities Inc Atlanta, GA | $30,539,364 | $15,353,434 |