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Centerstate Ceo Foundation Inc

EIN 22-2305294 · Syracuse, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair60 out of 100GovernanceStrong95 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO ATTRACT PHILANTHROPIC SUPPORT FOR CENTERSTATE CEO PROGRAMS THAT REMOVE BARRIERS TO ECONOMIC PROSPERITY FOR PEOPLE AND PLACES. THESE PROGRAMS HELP RESIDENTS ACCESS QUALITY JOBS, INCLUSIVE WORKPLACES, AND ENTREPRENEURSHIP OPPORTUNITIES, AS WELL AS BUILD VIBRANT NEIGHBORHOOD BUSINESS CENTERS.

Income
$310,542
Spending
$426,992
Spent on programs
100%
Reserves
20.6 months of spending
Largest source of income
donations and private grants, 96%
Employees
0
Volunteers
0
Highest pay
$434,054, president

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 60 out of 100. Higher than 22% of charities in its peer group (public benefit, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 20.6 months of spending.

  • Debt

    10 of 20

    It owes 37% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 37% of income.

  • Income trend

    0 of 15

    Income fell 59% on the year before.

  • Spending floor

    15 of 15

    100% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 95 out of 100. Higher than 90% of charities in its peer group (public benefit, $250k to $1m).

  • Independent board

    25 of 25

    23 of 24 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $426,992 spent. SEE SCHEDULE OBASED IN SYRACUSE, NY, THE CENTERSTATE CEO FOUNDATION IS A SUPPORTING ORGANIZATION TO CENTERSTATE CORPORATION FOR ECONOMIC OPPORTUNITY. CENTERSTATE CEO FOUNDATION'S MISSION IS TO ATTRACT PHILANTHROPIC SUPPORT FOR CENTERSTATE CEO PROGRAMS THAT REMOVE BARRIERS TO ECONOMIC PROSPERITY FOR PEOPLE AND PLACES. SUPPORTED ACTIVITIES ARE DESIGNED IN COLLABORATION WITH COMMUNITY PARTNERS AND INCLUDE SMALL BUSINESS, WORKFORCE, AND NEIGHBORHOOD DEVELOPMENT. HIGHLIGHTED STRATEGIES AND PROGRAMS INCLUDE:WORKFORCE INNOVATION: THROUGH THE WORK TRAIN PROGRAM, CENTERSTATE CEO SUPPORTS INDUSTRY PARTNERSHIPS IN A VARIETY OF SECTORS, INCLUDING ADVANCED MANUFACTURING, CONSTRUCTION, TECH, CDL, AND HEALTHCARE. INDUSTRY PARTNERSHIPS INCLUDE EMPLOYERS, TRAINING AND EDUCATION PROVIDERS, AND COMMUNITY-BASED PARTNERS ALL WORKING TO DEVELOP STRATEGIES FOR FILLING GOOD QUALITY JOBS ALONG IN DEMAND CAREER PATHWAYS. IN COLLABORATION WITH THESE PARTNERS, CENTERSTATE CEO BUILD INITIATIVES THAT ACTIVATE TALENT FROM ALL ACROSS THE REGION, INCLUDING RESIDENTS WHO ARE UN OR UNDEREMPLOYED AND/OR IN LOW DEMAND OR LOW PAYING FIELDS. WORK TRAIN HAS PLACED OVER 1,200 INDIVIDUALS IN QUALITY JOBS, USING FEEDBACK FROM JOBSEEKERS TO IMPROVE PROGRAMMING TO ACHIEVE MORE PLACEMENTS, RETENTION, AND ADVANCEMENT.SMALL BUSINESS DEVELOPMENT: THROUGH ITS UP START PROGRAM AND GROWTH + EQUITY FUND, CENTERSTATE CEO AIMS TO SUPPORT THE LAUNCH, GROWTH, AND SUSTAINABILITY OF SMALL BUSINESSES ACROSS SECTORS. THE UP START TEAM WORKS CLOSELY WITH EACH BUSINESS OWNER TO DEVELOP CUSTOMIZED BUSINESS PLANS AND TROUBLESHOOT CHALLENGES. THE PROGRAM LEVERAGES VARIOUS PARTNERS ACROSS THE REGION, INCLUDING THE SBDC AND WISE WOMENS BUSINESS CENTER, TO SUPPORT THESE ENTREPRENEURS. STARTED IN 2022, THE GROWTH + EQUITY FUND AIMS TO PROVIDE MARKET SOLUTIONS FOR EMERGING AND GROWING SMALL BUSINESSES THAT ARE NOT ABLE TO ACCESS CAPITAL FROM TRADITIONAL LENDERS. THROUGH THE FUND, CENTERSTATE WORKS CLOSELY WITH BUSINESS OWNERS TO HELP DE-RISK THEIR VENTURES, POSITIONING THEM TO ACCESS THE TRADITIONAL FINANCIAL MARKET EITHER IN THE FUTURE OR AS CO-LENDERS. TO DATE, ALL SIX GROWTH + EQUITY FUND BORROWERS ARE UP TO DATE ON PAYMENTS WITH NO DEFAULTS. CENTERSTATE CEO ALSO OPERATED A PILOT ACCELERATOR FOR STARTUPS LED BY ENTREPRENEURS FROM DISADVANTAGED BACKGROUNDS, WHICH GRADUATED FIVE COMPANIES.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 1980.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.