Centerboard Inc

Nonprofit profile at a glance

EIN
043019658
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Lynn, MA, USA
Phone
7815989417
Rating
83
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$63,149,527
Expenses
$56,128,623
Assets
$47,210,035
Liabilities
$18,027,814

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • MARK DEJOIE (CEO)
  • THOMAS O'KEEFE (PRESIDENT)

Highest reported compensation

  • MARK DEJOIE (CEO): $307,417 total reported compensation
  • HEATHER HILDEBRAND (COO): $272,477 total reported compensation
  • KAREN A ORSINI-SARRO (DIR OF HUMAN): $153,476 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

(continued from page 1) we work with local residents, businesses, and elected officials to increase economic opportunity in the community. Through these efforts, we serve over 1,500 people each year.

What it reported doing in 2024

Young parent living program ("yplp") the yplp is a residential program designed to provide a permanent and stable home environment for approximately 33 pregnant or parenting young mothers and their children. In an emergency situation, the program may temporarily accommodate three additional young mothers and their children until permanent homes are found. Young parents must be referred to centerboard by the Massachusetts department of children and families ("dcf"). Every young mother must attend school regularly, and participate in skill development. This structured curriculum is balanced with a nurturing support system designed to foster physical and social development for the residents and their children.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 84
  • Accountability: 95
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.4%; rating input score 83
  • Program expense ratio: 94.2%; rating input score 94
  • Fundraising efficiency: $1.39 raised per $1 spent on fundraising; rating input score 3; 3rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 39th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11.1%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 0.84; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0.38; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 2.2%; rating input score 51; 51st percentile among comparable filings

Growth

  • Program expense growth: 17.5% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 17.4% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 20.9% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 83.4% of revenue deployed · 94.2% of spending went to programs
  • Governance: 10 of 11 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $52.9M in reported program spending
  • Leadership: top reported pay $307K · 17 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $6.7M reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 3/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.
  • Review — Sustainability: Officer compensation ratio scored 51/100.