Cornerstones Of Science
- Assets
- $166.0k
- Revenue
- $281.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Brunswick, ME
- Founding
- 05/2011
- Data as of
- 06/2022
- EIN
- 27-1337213
Organization Overview
Cornerstones Of Science is located in Brunswick, ME. The organization was established in 2011. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2022, Cornerstones Of Science employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstones Of Science 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 06/2022, Cornerstones Of Science generated $281.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $282.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CORNERSTONES OF SCIENCE WORKS WITH PUBLIC LIBRARIES TO CREATE SCIENCE PROGRAMS THAT SPARK CURIOSITY AND FOSTER A DEEPER UNDERSTANDING OF THE WORLD AROUND US.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER: NLM_CORNERSTONES OF SCIENCE TEST THE WATERS KIT INITIATIVE WAS INITIATED IN 2018 WHERE 510 KITS WERE DEVELOPED AND DISTRIBUTED TO PUBLIC LIBRARIES IN ALL STATES NATIONWIDE. A SERIES OF HANDS-ON EXPERIENTIAL ACTIVITIES FOCUSED ON THE ROLE AND IMPORTANCE OF CLEAN SAFE DRINKING WATER HAS ON OUR HEALTH, ENVIRONMENT AND LIFESTYLES. THE KIT ACTIVITY GUIDE IS TRANSLATED IN 5 LANGUAGES (SPANISH, ARABIC, CHINESE, KOREAN AND ENGLISH) AS WELL AS IT IS SUITABLE FOR THE VISUALLY IMPAIRED AND BLIND USERS. THE KIT IS IN PARTNERSHIP WITH THE NATIONAL NETWORK OF LIBRARIES OF MEDICINE. WE RECENTLY COMPLETED A PILOT WHERE 100 HISPANIC/LATINO FAMILIES USED THE KITS AND PROVIDED FEEDBACK AND PROVIDE A BETTER UNDERSTANDING ON THE IMPACT AND IMPLICATIONS OF THE KIT FROM DIVERSE CULTURAL PERSPECTIVES.
BUILDING CAPACITY: INSTITUTE OF MUSEUM AND LIBRARY SERVICES STEM EQUITY FRAMEWORK PROJECT WAS AWARDED IN SEPTEMBER OF 2021. THIS 30-MONTH PROJECT IS DESIGNED FOR LIBRARY DIRECTORS, AND THEIR LEADERSHIP TEAMS, THAT RECOGNIZE THE NEED FOR, AND ARE INTERESTED IN, FOCUSING ON INCLUSION-CENTERED LEADERSHIP SKILLS AND COMPETENCIES REQUISITE FOR CREATING A LIBRARY THAT IS RESPONSIVE TO COMMUNITY WELL-BEING (ESPECIALLY IN COMMUNITIES THAT ARE MARGINALIZED). THERE ARE TWO CORE ELEMENTS FOR CREATING LIBRARIES THAT ARE RESPONSIVE TO COMMUNITY WELLBEING. THERE ARE TWO PARTS TO THIS PROJECT: 1) NURTURING INCLUSION-CENTERED PRACTICES, POLICIES AND ATTITUDES NEEDED TO CREATE AN EQUITABLE LIBRARY SERVICES AND PROGRAMS FOR ALL COMMUNITY MEMBERS AND 2) FOCUSED ON ADULT LEARNERS AND ACCESS TO ON-DEMAND ACTIONABLE SCIENCE INFORMATION IN ORDER TO IMMEDIATELY ACT
TELESCOPE:LIBRARY TELESCOPE PROGRAM THE LIBRARY TELESCOPE PROGRAM (CLASS - SCIENCE PRODUCTS) - IS A LOANABLE SCIENCE KIT PUBLIC LIBRARIES WHERE THE PUBLIC CAN BORROW AS THEY WOULD A BOOK. WITH EACH SALE, CORNERSTONES MODFIES THE TELESCOPE TO ENSURE A HIGH QUALITY RUGGED PRODUCT ABLE TO WITHSTAND INTENSE USE, PARTNER THE LIBRARY WITH A LOCAL ASTRONOMY GROUP TO HELP MAINTAIN THE TELESCOPE AS WELL AS PROVIDE PROGRAMMING. IN ADDITION, THERE ARE TRAINING VIDEOS TO HELP LIBRARIANS BECOME FAMILIAR WITH THE TELESCOPE AND MAINTAIN THE INSTRUMENT. CURRENTLY THERE ARE OVER 600 TELESCOPES IN 40 STATES. THIS YEAR, A TOTAL OF 56 TELESCOPES IN THIS FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Randall Executive Director | 40 | $60,100 | |
Chris Goodwin Pres & Treas | OfficerTrustee | 0.5 | $0 |
Lee Grodzins Founder | Trustee | 0.25 | $0 |
Steve Weems Member | Trustee | 0.25 | $0 |
Hal Grodzins Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $163,751 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,463 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,214 |
| Total Program Service Revenue | $23,515 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $281,736 |
| 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. | $60,001 |
| Compensation of current officers, directors, key employees. | $20,833 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,473 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,142 |
| Payroll taxes | $7,684 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,192 |
| Fees for services: Accounting | $8,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,858 |
| Advertising and promotion | $155 |
| Office expenses | $7,280 |
| Information technology | $3,075 |
| Royalties | $0 |
| Occupancy | $16,501 |
| Travel | $1,387 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75 |
| Interest | $17 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $317 |
| Insurance | $2,225 |
| All other expenses | $334 |
| Total functional expenses | $282,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,457 |
| Savings and temporary cash investments | $58,770 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,797 |
| 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 | $2,777 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $156 |
| Total assets | $165,957 |
| Accounts payable and accrued expenses | $18,351 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,351 |
| Net assets without donor restrictions | $147,606 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $165,957 |
Grants Awarded
Over the last fiscal year, Cornerstones Of Science has awarded $18,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, ME | | $6,000 |
Auburn, ME | | $6,000 |
NEVINS MEMORIAL LIBRARY | | | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cornerstones Of Science has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Libraries | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bangor Public Library Trustees Bangor, ME | $25,795,919 | $2,775,295 |
Maine Peoples Resource Center Portland, ME | $2,139,124 | $2,704,072 |
Rockport Library Foundation Rockport, ME | $310,933 | $664,921 |
The Upper Room A Family Resource Center Derry, NH | $2,012,046 | $1,533,126 |
York Public Library Association Inc York, ME | $7,085,661 | $941,036 |
Kennebunk Free Library Association Kennebunk, ME | $2,344,059 | $951,000 |
Topsham Public Library Topsham, ME | $1,623,953 | $916,950 |
Meredith Library Fund Meredith, NH | $40,551 | $10,850 |
Park Street Foundation Concord, NH | $304,435 | $636,101 |
Sanford Library Association Sanford, ME | $2,367,641 | $997,039 |
Trustees Of Merrill Memorial Library Yarmouth, ME | $4,155,143 | $731,086 |
Southwest Harbor Public Library Southwest Harbor, ME | $5,912,644 | $804,852 |