Cornerstone Service Inc
- Assets
- $39.7m
- Revenue
- $40.8m
- Investments
- $0.0
- Employees
- 796
- Location
- Joliet, IL
- Founding
- 12/1969
- Data as of
- 06/2022
- EIN
- 36-2706578
Organization Overview
Cornerstone Service Inc is located in Joliet, IL. The organization was established in 1969. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, Cornerstone Service Inc employed 796 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Service 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 06/2022, Cornerstone Service Inc generated $40.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $36.5m during the year ending 06/2022. While expenses have increased by 2.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SEEKS TO PROVIDE RESIDENTIAL SERVICES FOR DISABLED ADULTS AND CHILDREN, AS WELL AS BEHAVIORAL HEALTH, REGULAR WORK AND SUPPORTED EMPLOYMENT SERVICES FOR THESE DISABLED INDIVIDUALS. ADDITIONALLY, DEVELOPMENTAL TRAINING AND VOCATIONAL TRAINING IS ALSO AVAILABLE FOR THESE SAME INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL SERVICES FOR DISABLED ADULTS AND CHILDREN; REGULAR WORK AND SUPPORTED EMPLOYMENT; DEVELOPMENTAL TRAINING AND VOCATIONAL TRAINING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Stortz President & CEO | Officer | 40 | $228,830 |
Kenneth Mihelich Vice President | Officer | 40 | $150,603 |
Kimberly Hudgens Vice President | Officer | 40 | $142,378 |
Dawn A Flowers Residential Lead Dsp | 40 | $130,729 | |
Aaron T Warner Manager Of It | 40 | $124,292 | |
Susan Murphy Vice President | Officer | 40 | $121,929 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,512,380 |
| All other contributions, gifts, grants, and similar amounts not included above | $194,316 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,706,696 |
| Total Program Service Revenue | $28,454,120 |
| Investment income | $9,275 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,467 |
| Net Gain/Loss on Asset Sales | $1,421,332 |
| Net Income from Fundraising Events | $52,760 |
| Net Income from Gaming Activities | $15,698 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,769,202 |
| 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. | $228,830 |
| Compensation of current officers, directors, key employees. | $205,947 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,438,881 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,122,660 |
| Payroll taxes | $1,791,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,275 |
| Fees for services: Accounting | $59,908 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $40,645 |
| Office expenses | $131,579 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,027,474 |
| Travel | $801,650 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,373 |
| Interest | $573,449 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,983,253 |
| Insurance | $752,922 |
| All other expenses | $317,633 |
| Total functional expenses | $36,532,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,949,714 |
| Savings and temporary cash investments | $855,455 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,118,668 |
| 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 | $733,531 |
| Net Land, buildings, and equipment | $21,191,617 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,888,285 |
| Total assets | $39,737,270 |
| Accounts payable and accrued expenses | $2,115,459 |
| 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 | $12,051,820 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,608,030 |
| Total liabilities | $18,775,309 |
| Net assets without donor restrictions | $20,681,655 |
| Net assets with donor restrictions | $280,306 |
| 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 | $39,737,270 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cornerstone Service Inc has recieved totaling $34,892.
| Awarding Organization | Amount |
|---|---|
United Way Of Will County Joliet, IL PURPOSE: GEN ASSISTANCE | $21,900 |
Coleman Foundation Inc Chicago, IL PURPOSE: INTELLECTUAL & DEVELOPMENTAL DISABILITIES - GENERAL OPERATING SUPPORT | $12,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $492 |
Endowment Analysis
| Beg. Balance | $952,443 |
| Earnings | -$117,268 |
| Net Contributions | $20,280 |
| Ending Balance | $855,455 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rosecrance Inc Rockford, IL | $86,180,732 | $66,976,100 |
Hope Haven Incorporated Rock Valley, IA | $37,686,994 | $51,176,008 |
Cornerstone Service Inc Joliet, IL | $39,737,270 | $40,769,202 |
Lighthouse For The Blind St Louis, MO | $132,994,524 | $33,499,796 |
Newcap Inc Oconto, WI | $18,167,211 | $33,388,655 |
Independence First Inc Milwaukee, WI | $17,159,948 | $27,006,891 |
Center For Human Services Inc Sedalia, MO | $26,886,839 | $25,741,187 |
Mainstream Living Inc Stuart Ambrose Ames, IA | $14,812,634 | $26,461,263 |
Area Resources For Community And Human Services St Louis, MO | $7,485,781 | $21,715,515 |
Kreider Services Inc Dixon, IL | $7,634,045 | $20,356,792 |
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |
Community Health Ctr Of Central Missouri Jefferson City, MO | $23,228,826 | $19,931,072 |