Cornerstones Career Learning Center Inc
- Assets
- $382.1k
- Revenue
- $828.9k
- Investments
- $0.0
- Employees
- 26
- Location
- Huron, SD
- Founding
- 07/1994
- Data as of
- 06/2022
- EIN
- 46-0431867
Organization Overview
Cornerstones Career Learning Center Inc is located in Huron, SD. The organization was established in 1994. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2022, Cornerstones Career Learning Center Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstones Career Learning Center 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, Cornerstones Career Learning Center Inc generated $828.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $814.1k during the year ending 06/2022. While expenses have increased by 3.4% 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
ASSIST IN TRAINING AND PLACING IN PRODUCTIVE EMPLOYMENT INDIVIDUALS WITH SIGNIFICANT BARRIERS TO EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE JOB SEARCH SKILLS, JOB RETENTION SKILLS, AND EDUCATIONAL TRAINING TO ECONOMICALLY DISADVANTAGED INDIVIDUALS, DISLOCATED WORKERS, AND OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Olson Executive Dir. | Trustee | 40 | $63,259 |
Steve Riedel Board Chair | Officer | 1 | $0 |
Davin Johnson Secretary/treas | Officer | 1 | $0 |
Rita Nelson Vice Chairman | Officer | 1 | $0 |
Paullyn Carey Director | Trustee | 1 | $0 |
Rhonda Hanson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $651,894 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,822 |
| Noncash contributions included in lines 1a–1f | $22,810 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $675,716 |
| Total Program Service Revenue | $124,682 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $350 |
| 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 | $828,937 |
| 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. | $76,686 |
| Compensation of current officers, directors, key employees. | $10,736 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $395,123 |
| Pension plan accruals and contributions | $11,677 |
| Other employee benefits | $54,902 |
| Payroll taxes | $35,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,411 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,502 |
| Office expenses | $8,707 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,194 |
| Travel | $23,720 |
| 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 | $13,859 |
| Insurance | $7,011 |
| All other expenses | $12,278 |
| Total functional expenses | $814,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,479 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $104,661 |
| Accounts receivable, net | $16,299 |
| 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 | $12,618 |
| Net Land, buildings, and equipment | $17,594 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,404 |
| Other assets | $0 |
| Total assets | $382,055 |
| Accounts payable and accrued expenses | $10,370 |
| 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 | $21,569 |
| Total liabilities | $31,939 |
| Net assets without donor restrictions | $350,116 |
| 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 | $382,055 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cornerstones Career Learning Center Inc has recieved totaling $8,822.
| Awarding Organization | Amount |
|---|---|
Mitchell United Way Mitchell, SD | | $8,800 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Counseling And Correctional Services Inc Butte, MT | $34,634,302 | $30,045,680 |
Mdi Commercial Services Minneapolis, MN | $12,235,145 | $20,998,249 |
Rural Minnesota Cep Inc Detroit Lakes, MN | $2,024,791 | $10,325,488 |
Minnesota Assistance Council For Veterans Saint Paul, MN | $12,934,970 | $10,768,734 |
H I R E D Minneapolis, MN | $1,685,532 | $8,749,042 |
Southeastern Minnesota Private Industry Council Inc Rochester, MN | $868,120 | $8,914,255 |
Mayors Youth Empowerment Program Iowa City, IA | $6,304,962 | $7,071,387 |
Proteus Inc Des Moines, IA | $1,359,202 | $6,864,690 |
Central Minnesota Jobs And Training Services Inc Monticello, MN | $1,103,520 | $6,129,722 |
Twin Cities Rise Minneapolis, MN | $5,211,326 | $2,720,985 |
West Central Industries Inc Willmar, MN | $4,827,123 | $3,766,210 |
Minnesota Teamsters Service Bureau Minneapolis, MN | $1,073,608 | $2,764,246 |