Cornerstone Counseling Center
- Assets
- $1.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 34
- Location
- Hickory, NC
- Founding
- 01/1996
- Data as of
- 12/2021
- EIN
- 56-1935926
Organization Overview
Cornerstone Counseling Center is located in Hickory, NC. The organization was established in 1996. According to its NTEE Classification (P46) the organization is classified as: Family Counseling, under the broad grouping of Human Services and related organizations. As of 12/2021, Cornerstone Counseling Center employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Counseling 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 12/2021, Cornerstone Counseling 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 3.8% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 3.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHRISTIAN COUNSELING, TRAINING, & EDUCATIONAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED COUNSELING AND EDUCATIONAL SERVICES TO INDIVIDUALS AND GROUPS TO ADDRESS SPIRITUAL, PHYCHOLOGICAL AND EDUCATIONAL NEEDS. WE ALSO OFFERED EDUCATIONAL SERVICES FOR STUDENTS WITH LEARNING ISSUES. WE SERVED 1703 CLIENTS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Huffman Secretary/counselor | OfficerTrustee | 40 | $60,764 |
Judy Stewart Treasurer/counselor | OfficerTrustee | 40 | $59,067 |
Michael Stewart Exec. Director | OfficerTrustee | 40 | $58,750 |
Bruce Carlton President | OfficerTrustee | 2 | $0 |
Duree Joseph Vice President | OfficerTrustee | 1 | $0 |
Brenda Ragan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $302,611 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $302,611 |
| Total Program Service Revenue | $1,484,266 |
| Investment income | $428 |
| 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 | $1,789,854 |
| 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. | $249,000 |
| Compensation of current officers, directors, key employees. | $29,382 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $907,290 |
| Pension plan accruals and contributions | $75,776 |
| Other employee benefits | $19,224 |
| Payroll taxes | $89,006 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,869 |
| Advertising and promotion | $2,512 |
| Office expenses | $38,767 |
| Information technology | $1,677 |
| Royalties | $0 |
| Occupancy | $15,600 |
| Travel | $982 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,174 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,589 |
| Insurance | $16,629 |
| All other expenses | $46,273 |
| Total functional expenses | $1,597,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,747 |
| Savings and temporary cash investments | $1,088,046 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $469,332 |
| Investments—publicly traded securities | $190,902 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,888,027 |
| Accounts payable and accrued expenses | $0 |
| 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 | $125,259 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $125,259 |
| 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 | $1,762,768 |
| Total liabilities and net assets/fund balances | $1,888,027 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Cornerstone Counseling Center has recieved totaling $16,236.
| Awarding Organization | Amount |
|---|---|
Minnie & Bernard Lane Foundation Altavista, VA PURPOSE: COUNSELING | $10,000 |
Broyhill Family Foundation Inc Lenoir, NC PURPOSE: MISCELLANEOUS SUPPORT | $5,000 |
L B Lane Family Foundation Inc Hickory, NC PURPOSE: SCHOLARSHIP FUND | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $220 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $16 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child & Family Services Of Eastern Virginia Inc Norfolk, VA | $7,283,033 | $15,260,339 |
Morningstar Children And Family Services Inc Brunswick, GA | $2,598,018 | $5,582,206 |
Association For Guidance Aid Placement & Empathy Nashville, TN | $5,269,153 | $5,314,610 |
Sistercare Inc Columbia, SC | $2,870,356 | $4,220,188 |
Marriage And Family Life Consultants Incorporated Winston Salem, NC | $15,003,549 | $2,547,945 |
The Summit Counseling Center Inc Johns Creek, GA | $2,350,845 | $4,754,539 |
Family Service Of Roanoke Valley Roanoke, VA | $1,805,375 | $1,872,087 |
Odyssey Family Counseling Center Corporation College Park, GA | $1,628,894 | $1,995,523 |
Transformation Center Chattanooga, TN | $1,300,653 | $1,753,892 |
Family Crisis Center Of Walker Dade Catoosa & Chattooga Counties Inc Lafayette, GA | $2,929,878 | $1,740,192 |
Early Learning Scholars & Family Services Inc Clarkston, GA | $1,096,597 | $1,677,076 |
Cornerstone Counseling Center Hickory, NC | $1,888,027 | $1,789,854 |