Cornerstone Counseling Center
- Assets
- $2.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 38
- Location
- Hickory, NC
- Founding
- 01/1996
- Data as of
- 12/2023
- 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 12/2023, Cornerstone Counseling Center employed 38 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 12/2023, Cornerstone Counseling Center generated $1.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 5 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
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, PSYCHOLOGICAL AND EDUCATIONAL NEEDS. WE ALSO OFFERED EDUCATIONAL SERVICES FOR STUDENTS WITH LEARNING ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Huffman Secretary/co | OfficerTrustee | 40 | $89,264 |
Judy Stewart Treasurer/co | OfficerTrustee | 40 | $89,567 |
Michael Stewart Exec. Direct | OfficerTrustee | 40 | $88,952 |
Bill Burnham President | OfficerTrustee | 2 | $0 |
Duree Joseph Vice Preside | OfficerTrustee | 1 | $0 |
Bill Pulley 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 | $223,472 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,472 |
| Total Program Service Revenue | $1,661,705 |
| Investment income | $47,016 |
| 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 | $1,936,204 |
| 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. | $276,000 |
| Compensation of current officers, directors, key employees. | $32,568 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,030,062 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $565 |
| Payroll taxes | $97,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,519 |
| Advertising and promotion | $2,409 |
| Office expenses | $50,856 |
| Information technology | $6,999 |
| Royalties | $0 |
| Occupancy | $16,600 |
| Travel | $1,810 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,539 |
| Interest | -$1,083 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,052 |
| Insurance | $18,799 |
| All other expenses | $53,320 |
| Total functional expenses | $1,702,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,223 |
| Savings and temporary cash investments | $1,207,301 |
| 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 | $43,917 |
| Net Land, buildings, and equipment | $419,070 |
| Investments—publicly traded securities | $210,882 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,974,393 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $1,974,393 |
| Total liabilities and net assets/fund balances | $1,974,393 |