Cornerstone Collaborative Florida Inc
- Assets
- $86.0k
- Revenue
- $262.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Boynton Beach, FL
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 82-5500021
Organization Overview
Cornerstone Collaborative Florida Inc is located in Boynton Beach, FL. The organization was established in 2019. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Collaborative Florida 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 12/2021, Cornerstone Collaborative Florida Inc generated $262.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 34.8% each year . All expenses for the organization totaled $257.3k during the year ending 12/2021. While expenses have increased by 34.1% per year over the past 4 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
THE COLLABORATIVES MISSION IS TO END POVERTY AND DISRUPT COMMUNITY VIOLENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WATERING FARMS INITIATIVE SEEKS TO MEASURABLY IMPROVE THE ABILITY OF RURAL FARMERS IN ST. ANN, JAMAICA TO ACCESS WATER FOR YEAR-ROUND AND SUSTAINABLE AGRICULTURE FOR FOOD PRODUCTION. DURING 2021, THREE WATER TANKS AND THE ACCOMPANYING IRRIGATION SYSTEM WERE FUNDED AND INSTALLED TO RECIPIENTS PARTICIPATING IN THE INITIATIVE. FUNDING FOR A FOURTH FARMER BEGAN IN 2021 AND SUCCESSFULLY CONCLUDED IN EARLY 2022.
THE BRUNCH AND BALL PROGRAM PROVIDES MENTORING FOR BOSTON-AREA YOUTH AGES 12-17 IN COLLABORATION WITH PARTNERING COMMUNITY ORGANIZATIONS. THE PROGRAM SERVED A COHORT OF APPROXIMATELY 20 YOUNG PEOPLE OVER THE COURSE OF TEN MONTHS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keenyn Mcfarlane CEO | OfficerTrustee | $1,900 | |
Andrew G March Director | Trustee | $0 | |
Francois Fils Aime II Director | Trustee | $0 | |
Cassandra Thomas Director | Trustee | $0 | |
Darlene Hill Director | Trustee | $0 | |
Saul Ivy PHD Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,160 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,924 |
| Noncash contributions included in lines 1a–1f | $185,933 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,084 |
| Total Program Service Revenue | $7,496 |
| Investment income | $0 |
| 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 | $262,586 |
| 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 | $3,569 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,900 |
| Compensation of current officers, directors, key employees. | $1,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $125,263 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,020 |
| Office expenses | $2 |
| Information technology | $2,407 |
| Royalties | $0 |
| Occupancy | $1,339 |
| Travel | $1,438 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $935 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,489 |
| All other expenses | $52 |
| Total functional expenses | $257,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,390 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $80,485 |
| 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 | $180 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,973 |
| Total assets | $86,028 |
| Accounts payable and accrued expenses | $52 |
| Grants payable | $0 |
| Deferred revenue | $1,051 |
| 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 | $34,800 |
| Other liabilities | $206 |
| Total liabilities | $36,109 |
| Net assets without donor restrictions | $48,607 |
| Net assets with donor restrictions | $1,312 |
| 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 | $86,028 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cornerstone Collaborative Florida Inc has recieved totaling $28.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Tallatoona Community Action Partnership Inc Cartersville, GA | $2,878,907 | $21,403,724 |
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Coastal Plain Area Economic Opportunity Authority Inc Valdosta, GA | $6,623,534 | $13,801,263 |
Tri-County Community Council Inc Bonifay, FL | $6,451,084 | $10,551,381 |
Community Action For Improvement Inc Lagrange, GA | $4,305,950 | $11,116,636 |
Action Ministries Inc Atlanta, GA | $1,217,329 | $6,005,144 |
Economic Opportunities Council Of Indian River County Inc Vero Beach, FL | $1,869,765 | $6,434,584 |
Grand Avenue Economic Community Development Corp Orlando, FL | $15,324,319 | $6,865,821 |