Cornerstones Career Learning Center Inc
- Assets
- $373.3k
- Revenue
- $922.3k
- Investments
- $0.0
- Employees
- 29
- Location
- Huron, SD
- Founding
- 07/1994
- Data as of
- 06/2023
- 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 06/2023, Cornerstones Career Learning Center Inc employed 29 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 06/2023, Cornerstones Career Learning Center Inc generated $922.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $940.4k during the year ending 06/2023. While expenses have increased by 4.9% 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
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Olson Executive Dir. | Trustee | 40 | $68,872 |
Paullyn Carey Member | Trustee | 1 | $0 |
Sandy Stockholm Member | Trustee | 1 | $0 |
Beth Schneider Member | Trustee | 1 | $0 |
Lacey Johnson Ex-Officio Mbr | Trustee | 1 | $0 |
Krista Mckee Ex-Officio Mbr | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $736,302 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,470 |
| Noncash contributions included in lines 1a–1f | $26,448 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $762,772 |
| Total Program Service Revenue | $127,905 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,100 |
| 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 | $922,287 |
| 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. | $68,872 |
| Compensation of current officers, directors, key employees. | $10,331 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $499,101 |
| Pension plan accruals and contributions | $13,863 |
| Other employee benefits | $60,675 |
| Payroll taxes | $44,010 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,353 |
| Office expenses | $4,140 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,069 |
| Travel | $31,604 |
| 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 | $13,832 |
| Insurance | $8,618 |
| All other expenses | $18,326 |
| Total functional expenses | $940,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,587 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $172,011 |
| Accounts receivable, net | $18,433 |
| 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 | $13,926 |
| Net Land, buildings, and equipment | $15,335 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $373,292 |
| Accounts payable and accrued expenses | $12,242 |
| 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 | $29,053 |
| Total liabilities | $41,295 |
| Net assets without donor restrictions | $331,997 |
| 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 | $373,292 |