Cornerstone Of Hope Inc, operating under the name Cornerstone of Hope, is located in Independence, OH. The organization was established in 2004. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Cornerstone of Hope employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone of Hope 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 12/2023, Cornerstone of Hope generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $3.7m during the year ending 12/2023. While expenses have increased by 10.8% 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
CORNERSTONE OF HOPE, INC. IS A NONPROFIT, COMPREHENSIVE BEREAVEMENT SUPPORT CENTER PROVIDING PROFESSIONAL BEREAVEMENT PROGRAMS AND SERVICES TO CHILDREN, TEENS, AND ADULTS EXPERIENCING A LOSS. ITS SERVICES, LED BY LICENSED CLINICIANS, OFFER GRIEVING INDIVIDUALS AND FAMILIES THE OPPORTUNITY TO PROCESS GRIEF AND RECOVER FROM THE EFFECTS OF TRAUMA IN A SAFE AND COMPASSIONATE ENVIRONMENT AND EMERGE FROM PAIN WITH A RENEWED SENSE OF PURPOSE AND HOPE FOR THEIR FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORNERSTONE OF HOPE'S COMPREHENSIVE ARRAY OF BEREAVEMENT SERVICES INCLUDES:INDIVIDUAL COUNSELING (11,500 SESSIONS ANNUALLY) - CLINICIANS PROVIDE CHILDREN, TEENS, AND ADULTS INDIVIDUALIZED CLINICAL SUPPORT AND INTERVENTIONS WHICH HELP THEM EXPRESS GRIEF REACTIONS, NORMALIZE THEIR GRIEF, COPE WITH LOSS, AND EMERGE FROM THEIR PAIN WITH A RENEWED SENSE OF PURPOSE. TRAUMA-FOCUSED THERAPY - SPECIALIZED BEREAVEMENT SUPPORT FOR INDIVIDUALS WHO HAVE EXPERIENCED TRAUMATIC LOSS. OUR PROFESSIONAL STAFF IS TRAINED IN SEVERAL MODALITIES TO ADDRESS TRAUMA.ART THERAPY - AN INTERVENTION USED IN INDIVIDUAL COUNSELING SESSIONS TO HELP CHILDREN, TEENS, AND ADULTS EXPRESS THEIR FEELINGS OF GRIEF THROUGH ART-RELATED ACTIVITIES AND PROCESSES. SUPPORT GROUPS (500 PARTICIPANTS ANNUALLY) - PROFESSIONALLY TRAINED FACILITATORS LEAD SUPPORT GROUPS USING A SPECIALIZED CURRICULUM GEARED TO THE TYPE OF LOSS EXPERIENCED, DESIGNED TO SUPPORT THE UNIQUE NEEDS OF GRIEVERS. IN-SCHOOL SERVICES (100S OF STUDENTS SERVED ANNUALLY) - BEREAVEMENT SUPPORT FOR CHILDREN IN A SCHOOL SETTING THROUGH SUPPORT GROUPS AND EDUCATION AND TRAINING FOR ADMINISTRATION, COUNSELORS, AND FAMILIES.EDUCATION AND TRAINING (700+ PROFESSIONAL PARTICIPANTS ANNUALLY) - PROFESSIONAL TRAINING WHEREBY CORNERSTONE OF HOPE OFFERS NUMEROUS COURSES, APPROVED TO MEET PROFESSIONAL CONTINUING EDUCATION UNIT REQUIREMENTS (CEUS), FOR COUNSELORS, HEALTHCARE WORKERS, AND SOCIAL WORKERS CONCERNING BEREAVEMENT TOPICS.MEMORIAL EVENTS (1,000+ PARTICIPANTS ANNUALLY) - CORNERSTONE HOSTS ANNUAL MEMORIAL EVENTS SO THAT GRIEVERS MAY HONOR THE MEMORY OF THEIR LOVED ONES IN A SPECIAL WAY.SUMMER YOUTH CAMPS (175+ CAMPERS ANNUALLY) - UNIQUE SUMMER GRIEF CAMPS FOR CHILDREN WHO HAVE LOST A LOVED ONE ARE HELD ANNUALLY WHERE BEREAVEMENT COUNSELING IS PAIRED WITH TRADITIONAL CAMP ACTIVITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christi Tripodi Founder | OfficerTrustee | 10 | $0 |
Mark Tripodi Founder/ceo | OfficerTrustee | 60 | $125,000 |
Tom Futey Chairperson | OfficerTrustee | 4 | $0 |
Jamie Vilcheck Vice Chairperson | OfficerTrustee | 4 | $0 |
Kathy Futey Board Member | Trustee | 2 | $0 |
Cynthia Haire Board Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $1,591,261 |
Related organizations | $0 |
Government grants | $269,211 |
All other contributions, gifts, grants, and similar amounts not included above | $1,497,732 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,358,204 |
Total Program Service Revenue | $1,077,518 |
Investment income | $98,240 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $625 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $193,571 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,728,158 |
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. | $125,000 |
Compensation of current officers, directors, key employees. | $6,594 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,678,584 |
Pension plan accruals and contributions | $40,936 |
Other employee benefits | $165,725 |
Payroll taxes | $149,064 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $30,358 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $787,557 |
Advertising and promotion | $54,695 |
Office expenses | $315,441 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $148,896 |
Travel | $50,693 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $11,375 |
Interest | $1,796 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $86,710 |
Insurance | $34,636 |
All other expenses | $6,262 |
Total functional expenses | $3,687,728 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,340,291 |
Savings and temporary cash investments | $438,266 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $129,630 |
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 | $11,435 |
Net Land, buildings, and equipment | $2,480,026 |
Investments—publicly traded securities | $3,331,729 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $1,078 |
Other assets | $533,719 |
Total assets | $8,266,174 |
Accounts payable and accrued expenses | $147,572 |
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 | $31,721 |
Unsecured mortgages and notes payable | $5,000 |
Other liabilities | $599,925 |
Total liabilities | $784,218 |
Net assets without donor restrictions | $6,045,702 |
Net assets with donor restrictions | $1,436,254 |
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 | $8,266,174 |