Cornerstone Support Services
- Assets
- $3.0m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 108
- Location
- Mechanicsville, VA
- Founding
- 06/2009
- Data as of
- 06/2023
- EIN
- 26-2359268
Organization Overview
Cornerstone Support Services is located in Mechanicsville, VA. The organization was established in 2009. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 06/2023, Cornerstone Support Services employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Support Services 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 06/2023, Cornerstone Support Services generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $5.0m during the year ending 06/2023. While expenses have increased by 11.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESIDENTIAL SUPPORT SERVICES FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES WHILE FOCUSING ON OPPORTUNITIES FOR THEIR PERSONAL CHOICES TO BE EXERCISED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RESIDENTIAL SUPPORT SERVICES FOR INDIVIDUALS WITH DEVELOPMENTAL DIABILITIES WHILE FOCUSING ON OPPORTUNITIES FOR THEIR PERSONAL CHOICES TO BE EXERCISED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alcy R Cave III President, Secretary | OfficerTrustee | 40 | $127,376 |
Elizabeth L Cave Vice President, Treasurer | OfficerTrustee | 40 | $128,701 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $543,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $543,326 |
| Total Program Service Revenue | $5,770,432 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,519 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,316,717 |
| 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. | $256,077 |
| Compensation of current officers, directors, key employees. | $256,077 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,188,902 |
| Pension plan accruals and contributions | $15,235 |
| Other employee benefits | $94,624 |
| Payroll taxes | $198,921 |
| Fees for services: Management | $1,321 |
| Fees for services: Legal | $2,272 |
| Fees for services: Accounting | $4,379 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,321 |
| Advertising and promotion | $0 |
| Office expenses | $27 |
| Information technology | $5,203 |
| Royalties | $0 |
| Occupancy | $792,108 |
| Travel | $98 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,669 |
| Interest | $31,413 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,201 |
| Insurance | $101,737 |
| All other expenses | $19,607 |
| Total functional expenses | $5,049,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,046,884 |
| Savings and temporary cash investments | $110,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $235,510 |
| 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 | $1,560,755 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,327 |
| Total assets | $2,972,476 |
| Accounts payable and accrued expenses | $186,833 |
| 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 | $509,987 |
| Unsecured mortgages and notes payable | $110,504 |
| Other liabilities | $0 |
| Total liabilities | $807,324 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,165,152 |
| 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 | $2,972,476 |