Centerstone Of America Inc
- Assets
- $43.4m
- Revenue
- $37.2m
- Investments
- $0.0
- Employees
- 282
- Location
- Nashville, TN
- Founding
- 08/2003
- Data as of
- 06/2021
- EIN
- 20-0072992
Organization Overview
Centerstone Of America Inc is located in Nashville, TN. The organization was established in 2003. According to its NTEE Classification (F99) the organization is classified as: Mental Health & Crisis Intervention N.E.C., under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2021, Centerstone Of America Inc employed 282 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centerstone Of America 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, Centerstone Of America Inc generated $37.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $37.1m during the year ending 06/2021. While expenses have increased by 13.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
"DELIVERING CARE THAT CHANGES PEOPLE'S LIVES"
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTERSTONE OF AMERICA, INC. EXISTS TO SERVE ITS AFFILIATED ORGANIZATIONS THROUGH OPERATIONS SUPPORT, BUSINESS ANALYTICS, UNIFIED BRANDING, SEAMLESS TECHNOLOGY NETWORK AND COMMUNICATIONS INFRASTRUCTURE AND FINANCIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Guth CEO & Board Director | OfficerTrustee | 38 | $702,281 |
Kevin Norton Chief Operating Officer | Officer | 40 | $374,549 |
Steven Holman Chief Financial Officer | Officer | 38 | $339,691 |
Robert Vero CEO Centerstone Of Tennessee | Officer | 1 | $269,569 |
Wayne Easterwood Chief Admin Officer | Officer | 40 | $250,478 |
Deborah Cagle Chief Marketing Officer | Officer | 40 | $241,004 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Titanville Tt Lp Vantage Way Rent | 6/29/21 | $927,889 |
Butler Snow Omara Cannada Legal Services | 6/29/21 | $189,952 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $1,515,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$51,960 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,223,353 |
| Statement of Expenses | |
|---|---|
| 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. | $2,862,118 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,175,586 |
| Pension plan accruals and contributions | $446,507 |
| Other employee benefits | $2,295,935 |
| Payroll taxes | $1,268,897 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $7,594 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,873,865 |
| Advertising and promotion | $177,245 |
| Office expenses | $165,661 |
| Information technology | $5,417,481 |
| Royalties | $0 |
| Occupancy | $1,638,043 |
| Travel | $96,508 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $191,058 |
| Interest | $1,515,432 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,433,492 |
| Insurance | $80,538 |
| All other expenses | $0 |
| Total functional expenses | $37,098,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,604,860 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,817,706 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,910,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,656,905 |
| Total assets | $43,424,476 |
| Accounts payable and accrued expenses | $13,251,870 |
| 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 | $26,588,603 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,233,127 |
| Total liabilities | $50,073,600 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$6,649,124 |
Grants Awarded
Over the last fiscal year, Centerstone Of America Inc has awarded $2,430,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Nashville, TN PURPOSE: GENERAL SUPPORT | $2,415,000 |
Nashville, TN PURPOSE: GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centerstone Of Tennessee Inc Nashville, TN | $57,044,856 | $108,136,602 |
Centerstone Of America Inc Nashville, TN | $43,424,476 | $37,223,353 |
Tri-County Mental Health Services Inc Kansas City, MO | $22,092,672 | $25,835,399 |
Gateway Homes Inc Richmond, VA | $8,528,159 | $15,816,448 |
Georgia Mental Health Consumer Network Inc Tucker, GA | $2,209,582 | $6,098,566 |
Benton County Developmental Services Incorporated Camden, TN | $4,185,808 | $2,271,819 |
Durham County Community Living Programs Inc Durham, NC | $1,836,580 | $2,349,160 |
Council On Substance Abuse-Ncadd Montgomery, AL | $1,502,699 | $2,080,455 |
New Beginnings Bluegrass Inc Lexington, KY | $3,312,769 | $1,772,160 |
Region Ten Community Services Board Inc Charlottesville, VA | $30,661,161 | $2,380,934 |
Ozarks Teen Challenge Branson West, MO | $3,149,937 | $1,903,660 |
Healing Action Network Inc St Louis, MO | $550,790 | $1,281,387 |