Cornerstone Child Care Center
- Assets
- $628.0k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 1
- Location
- Chicago, IL
- Founding
- 04/1998
- Data as of
- 06/2022
- EIN
- 36-4154929
Organization Overview
Cornerstone Child Care Center is located in Chicago, IL. The organization was established in 1998. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Child Care Center 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 Child Care Center generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 5.0% 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
CORNERSTONE CHILDREN'S LEARNING CENTER, A MINISTRY OF LASALLE STRET CHURCH, ACHIEVES ITS VISION BY PROVIDING THE HIGHEST QUALITY AFFORDABLE EDUCATION AND CARE, BY REACHING OUT TO A DIVERSE COMMUNITY AND BY PARTNERING WITH AND SUPPORTING FAMILIES AND TEACHERS BECAUSE WE ARE CALLED TO BE AN EXPRESSION OF GOD'S KINGDOM IN CORNERSTONE CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORNERSTONE CHILDREN'S LEARNING CENTER, A MINISTRY OF LASALLE STRET CHURCH, ACHIEVES ITS VISION BY PROVIDING THE HIGHEST QUALITY AFFORDABLE EDUCATION AND CARE, BY REACHING OUT TO A DIVERSE COMMUNITY AND BY PARTNERING WITH AND SUPPORTING FAMILIES AND TEACHERS BECAUSE WE ARE CALLED TO BE AN EXPRESSION OF GOD'S KINGDOM IN CORNERSTONE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois Scott Executive Director | 40 | $86,165 | |
Dale Branda President | OfficerTrustee | 2 | $0 |
Brian Hodapp Treasurer | OfficerTrustee | 1 | $0 |
Jane Lambshead Secretary | OfficerTrustee | 1 | $0 |
Chelsea Hosler Director | Trustee | 1 | $0 |
Gale Formato Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Lasalle Foundation Rent/occupancy | 6/29/22 | $0 |
Childtime Learning Center Mgmt Co & Labor | 6/29/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $197,133 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,845 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,978 |
| Total Program Service Revenue | $1,568,412 |
| Investment income | $9 |
| 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 | $1,776,399 |
| 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. | $91,003 |
| Compensation of current officers, directors, key employees. | $91,003 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,557 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,828 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,222 |
| Advertising and promotion | $0 |
| Office expenses | $5,355 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $354,686 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,192 |
| Insurance | $15,571 |
| All other expenses | $102,328 |
| Total functional expenses | $1,739,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $256,268 |
| Savings and temporary cash investments | $16,731 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,912 |
| 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 | $271,110 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $628,021 |
| Accounts payable and accrued expenses | $59,590 |
| 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 | $17,082 |
| Other liabilities | $0 |
| Total liabilities | $76,672 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $551,349 |
| Total liabilities and net assets/fund balances | $628,021 |
Grants Awarded
Over the last fiscal year, Cornerstone Child Care Center has awarded $55,005 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LASALLE STREET CHURCH PURPOSE: SUPPORT CHURCH ACTIVITES | $25,000 |
Chicago, IL PURPOSE: SUPPORT KITCHEN FUND | $25,000 |
Federal Way, WA PURPOSE: CHILD SPONSORSHIP | $5,005 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cornerstone Child Care Center has recieved totaling $52.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $52 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Contacts Inc Elgin, IL | $3,819,582 | $12,869,082 |
Institute For Community Alliances Des Moines, IA | $2,443,302 | $12,133,028 |
New Directions Housing Corporation Louisville, KY | $27,737,851 | $9,868,214 |
Western Home Services Inc Cedar Falls, IA | $36,931,248 | $9,460,886 |
Chicago Metropolitan Housing Development Corporation Chicago, IL | $46,092,100 | $7,394,940 |
Partners For Community Development Inc Sheboygan, WI | $8,253,882 | $7,968,342 |
West Chicago Preservation Corp Chicago, IL | $9,151,204 | $2,715,959 |
Cedar Lake Residences Inc Louisville, KY | $2,301,086 | $7,918,008 |
Ahepa Affordable Housing Management Company Inc Fishers, IN | $29,875,447 | $8,886,631 |
Justine Petersen Housing And Reinvestment Corporation Saint Louis, MO | $49,338,747 | $7,649,655 |
Bridge Communities Inc Glen Ellyn, IL | $16,127,143 | $5,545,489 |
Appalachian Foothills Housing Agency Incorporated Wurtland, KY | $1,707,535 | $4,881,556 |