Overview
What is Cornerstone Life Development Inc?
Cornerstone Life Development Inc, located in Syracuse, New York, is a nonprofit organization dedicated to supporting and guiding approximately 100 teenage students. Their mission involves providing essential counsel, assistance, and direction in areas such as social skills, career choices, and significant life decisions. The organization's primary focus is to empower these young individuals to make informed decisions and prepare them for their futures.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Cornerstone Life Development Inc has received a 73% rating from Charity Navigator, which translates to a Two-Star rating. This score reflects a specific focus on accountability and finance, indicating that the organization meets several key financial benchmarks. It showcases strengths in governance, with a fully independent board and no material diversion of assets, contributing positively to their financial health.
The organization excels in its program expense ratio, maintaining a 100% allocation towards programs, which suggests that all funds are directed towards its mission. Furthermore, its liabilities to assets ratio stands at 0.00%, demonstrating solid financial stability. The board meets regularly and documents meeting minutes, reinforcing good governance practices.
Despite its strengths, the overall rating indicates some areas for improvement, particularly in broader operational aspects that are not captured solely by financial metrics. While the organization performs well financially, potential donors may want to consider additional factors such as program outcomes and community impact when evaluating their support for Cornerstone Life Development Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Life Development Inc legitimate?
Cornerstone Life Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Life Development Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Cornerstone Life Development Inc?
Cornerstone Life Development Inc is dedicated to offering guidance, assistance, and direction to approximately 100 teenaged students. Their primary focus is on enhancing their social skills, aiding in career choices, and assisting in making significant life decisions. By providing this support, the organization aims to empower these young individuals to navigate their future more confidently and make informed decisions. Their activities encompass a wide range of topics, ensuring that the students are well-equipped to handle various challenges in their personal and professional lives.
Who is the CEO of Cornerstone Life Development Inc?
Wayne Wager Sr is the Board Member of Cornerstone Life Development Inc.
What is the revenue of Cornerstone Life Development Inc?
Cornerstone Life Development Inc's revenue in 2022 was $85,665.
Who are the executives of Cornerstone Life Development Inc and what are their salaries?
There 7 volunteers at Cornerstone Life Development Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Cornerstone Life Development Inc?
Cornerstone Life Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cornerstone Life Development Inc
Cornerstone Life Development Inc is an organization dedicated to offering guidance, support, and direction to around 100 teenage students. Their mission is centered around helping these young individuals develop essential people skills, make informed career choices, and navigate significant life decisions. By providing this assistance, Cornerstone Life Development Inc aims to empower these teenagers, enabling them to navigate their formative years with confidence and clarity.
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Impact
October, 2024
Cornerstone Life Development Inc significantly impacts the lives of approximately 100 teenage students in Syracuse, NY, by providing essential guidance and support in key areas such as people skills, career choices, and life decisions. Through focused counseling and mentorship, it equips students with the tools they need to navigate complex social interactions and make informed decisions that lay the foundation for their future. By fostering personal development and enhancing interpersonal skills, Cornerstone helps these young individuals build confidence and resilience, setting them on a path toward successful and fulfilling lives. The organization's commitment to empowering youth contributes to healthier communities by nurturing responsible and engaged citizens.
This information is meant to be a general summary of Cornerstone Life Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $102,052
Assets and Liabilities:
- Total Assets: $479,426
- Total Liabilities: $0
- Net Assets: $479,426
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Organization Details
Founding Year
2005
Phone
(315) 729-9724Principal Officer
Wayne Wager Sr
Main Address
727 HILLSIDE STREET, SYRACUSE, NY, 13208
NTEE Category
Code: P20 - Human services
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