Cornerstone Community Action Agency Inc
- Assets
- $6.4m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 207
- Location
- Coleman, TX
- Founding
- 11/1966
- Data as of
- 12/2023
- EIN
- 75-1230663
Organization Overview
Cornerstone Community Action Agency Inc, operating under the name Cornerstone Community Action Agency, is located in Coleman, TX. The organization was established in 1966. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Cornerstone Community Action Agency employed 207 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Community Action Agency 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 Community Action Agency generated $11.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $9.9m during the year ending 12/2023. While expenses have increased by 22.7% 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
A COMMUNITY IN ACTION, EMPOWERING PEOPLE, CHANGING LIVES, AND OFFERING HOPE TO ACHIEVE SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY CHILDHOOD DEVELOPMENT - SERVICES ARE PROVIDED TO CHILDREN FROM BIRTH TO AGE 5 AND PREGNANT FAMILIES WHICH ARE LOW INCOME. THE PROGRAM STRIVES TO STRENGTHEN FAMILIES AND THEIR CHILDREN THROUGH COMPREHENSIVE CHILD DEVELOPMENT PLANS. APPROXIMATELY 1,253 CLIENTS SERVED.
VOLUNTEER SERVICES - PROGRAM PROVIDES VOLUNTEER OPPORTUNITIES FOR SENIORS AND OTHER TO SUPPORT THIER COMMUNITY. APPROXIMATELY 6,843 CLIENTS SERVED.
COMMUNITY SERVICES - PROVIDES A VARIETY OF SERVICES TO HELP SUPPORT LOW- INCOME INDIVIDUALS AND FAMILIES. APPROXIMATELY 2,662 CLIENTS SERVED..
HOUSING SERVICES - PROVIDES HOME OWNERSHIP, AND TRANSITIONAL HOUSING FOR THOSE WHO ARE INCOME ELIGIBLE, INCLUDING HOUSING REHABILITATION AND RENTAL ASSISTANCE. APPROXIMATELY 1,084 CLIENTS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hanna Adams Executive Di | Officer | 40 | $105,268 |
Brandy Crowder Chief Financ | Officer | 40 | $74,251 |
Tom Bailey Director | Trustee | 1 | $0 |
Kerri Bill Director | Trustee | 1 | $0 |
Connie Sue Carroll Vice Chairma | OfficerTrustee | 1 | $0 |
Mike Corley Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ripple Effect Contracting Ripple Effect Contracting Construction | 12/30/23 | $977,071 |
A&s Heating And Air Hvac | 12/30/23 | $210,085 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,825,729 |
| All other contributions, gifts, grants, and similar amounts not included above | $668,076 |
| Noncash contributions included in lines 1a–1f | $131,611 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,493,805 |
| Total Program Service Revenue | $927,349 |
| Investment income | $875 |
| 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 | -$113,646 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,318,953 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,229,980 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $179,520 |
| Compensation of current officers, directors, key employees. | $167,504 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,767,468 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $374,814 |
| Advertising and promotion | $0 |
| Office expenses | $49,436 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $344,103 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $280,804 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $282,779 |
| Insurance | $0 |
| All other expenses | $33,331 |
| Total functional expenses | $9,864,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,494 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $355,707 |
| Accounts receivable, net | $600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $391,939 |
| Prepaid expenses and deferred charges | $35,478 |
| Net Land, buildings, and equipment | $5,422,472 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,374 |
| Total assets | $6,444,064 |
| Accounts payable and accrued expenses | $473,725 |
| Grants payable | $0 |
| Deferred revenue | $110,718 |
| 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 | $160,879 |
| Total liabilities | $745,322 |
| Net assets without donor restrictions | $5,624,926 |
| Net assets with donor restrictions | $73,816 |
| 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 | $6,444,064 |