Cornerstone For Hope
- Assets
- $148.3k
- Revenue
- $236.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Wayne, PA
- Founding
- 08/2016
- Data as of
- 06/2022
- EIN
- 81-3354850
Organization Overview
Cornerstone For Hope is located in Wayne, PA. The organization was established in 2016. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Cornerstone For Hope employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone For Hope 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, Cornerstone For Hope generated $236.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 63.8% each year . All expenses for the organization totaled $254.7k during the year ending 06/2022. 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
THE MISSION OF THE CORNERSTONE FOR HOPE IS TO ENHANCE THE QUALITY OF LIFE FOR YOUNG MEN AND WOMEN BATTLING THE DISEASE OF ADDICTION. CORNERSTONE SUPPORTS INDIVIDUALS AND COMMUNITIES IN RECOVERY. CORNERSTONE OFFERS SCHOLARSHIPS, COMMUNITY & PROFESSIONAL EDUCATION, AND COMMUNITY ACTIVISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENHANCE THE QUALITY OF LIFE FOR YOUNG MEN AND WOMEN BATTLING THE DISEASE OF ADDICTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Hall Director Of Community Engagement | 40 | $38,000 | |
Darek Raguza - P Executive Director | 40 | $20,377 | |
Linda M Kunze - P Executive Director | 40 | $15,000 | |
Richard H Patterson Director-N | Trustee | 5 | $0 |
Nancy Paul Trustee-P | Trustee | 0 | $0 |
Frederick Hubler Director - P | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,100 |
| Related organizations | $0 |
| Government grants | $7,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $223,052 |
| Noncash contributions included in lines 1a–1f | $17,959 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $240,652 |
| Total Program Service Revenue | $0 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,744 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $236,927 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,642 |
| 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. | $73,377 |
| Compensation of current officers, directors, key employees. | $36,689 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,078 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,092 |
| Payroll taxes | $5,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,612 |
| Fees for services: Accounting | $7,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,600 |
| Advertising and promotion | $13,633 |
| Office expenses | $2,180 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,898 |
| Travel | $373 |
| 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 | $309 |
| Insurance | $1,516 |
| All other expenses | $10,136 |
| Total functional expenses | $254,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $142,257 |
| 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 | $2,632 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,454 |
| Total assets | $148,343 |
| 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 | $148,343 |
| 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 | $148,343 |
Grants Awarded
Over the last fiscal year, Cornerstone For Hope has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LIBERTAE PURPOSE: GENERAL OPERATING EXPENSES | $7,500 |
MARKET STREET MISSION PURPOSE: GENERAL OPERATING EXPENSES | $7,500 |