Overview
What is Cornerstone Foundation Inc?
The Cornerstone Foundation Inc, situated in Rockville, Connecticut, is a compassionate nonprofit organization. Originating from a former textile mill city approximately 15 miles northeast of Hartford, the foundation serves its community by offering essential aid to those in need. They provide a significant number of meals, between 3,500 and 4,000, every month through their Community Kitchen, creating a dignified environment for those who require assistance. Furthermore, they operate a food pantry, extending a helping hand to individuals in need who meet federal guidelines for food assistance. The Cornerstone Foundation also engages in after-school programs for at-risk local teenagers, offering them a supportive environment. With a dedicated team of 40 employees, the foundation strives to improve the lives of its community members.
Official website here: www.cornerstone-rockville.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Cornerstone Foundation Inc has achieved a commendable Four-Star rating on Charity Navigator, indicating a strong performance in both financial health and impact measurement. The overall score reflects high ratios in accountability and finance, particularly with a program expense ratio of 90.48%, demonstrating a strong commitment to utilizing funds effectively towards its mission. However, the absence of several key policies, including conflict of interest and whistleblower policies, raises concerns about governance practices.
The organization excels in its impact measurement, receiving a perfect score, which emphasizes its effectiveness in achieving its goals and evaluating its programs. Leadership and adaptability scores are also flawless, suggesting that the foundation is well-positioned to respond to changing needs and challenges. This strategic capability is crucial for nonprofit organizations aiming for long-term sustainability and growth.
Despite the strengths highlighted, the missing governance policies could potentially undermine trust and transparency. Stakeholders may want to encourage the foundation to implement these policies to enhance its accountability framework, ensuring it maintains its high standards while addressing these areas of improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Foundation Inc legitimate?
Cornerstone Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Foundation 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
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Other Salaries and Wages: $586,110
For more financial information, click here
Official website here: www.cornerstone-rockville.org
What is the mission statement of Cornerstone Foundation Inc?
The Cornerstone Foundation is a non-profit organization that serves its community by providing essential aid to those in need. This includes supplying food, clothing, and shelter, as well as offering after-school programs for at-risk local teenagers. The organization operates a Community Kitchen, serving between 3,500 and 4,000 meals per month in a dignified environment, and also maintains a food pantry to assist individuals who meet the federal guidelines for food assistance. The Cornerstone Foundation aims to support and uplift its community members, providing them with the necessary resources during challenging times.
Official website here: www.cornerstone-rockville.org
Who is the CEO of Cornerstone Foundation Inc?
Angela Atwater is the President of Cornerstone Foundation Inc.
Official website here: www.cornerstone-rockville.org
What is the revenue of Cornerstone Foundation Inc?
Cornerstone Foundation Inc's revenue in 2022 was $2,358,088.
Official website here: www.cornerstone-rockville.org
Who are the executives of Cornerstone Foundation Inc and what are their salaries?
The average compensation at Cornerstone Foundation Inc during 2022 was $14,653. There are 40 employees and 200 volunteers at Cornerstone Foundation Inc.
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Official website here: www.cornerstone-rockville.org
Where can I find the form 990 for Cornerstone Foundation Inc?
Cornerstone Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cornerstone-rockville.org
Learn more at the official website: www.cornerstone-rockville.org
Mission Statement of Cornerstone Foundation Inc
The Cornerstone Foundation, a non-profit organization, is committed to assisting individuals in need within its community. Located in a former textile mill city, this organization offers a dignified environment, providing between 3,500 and 4,000 meals per month through a community kitchen. Additionally, the foundation has a food pantry that offers extra help to those who meet federal guidelines for food assistance. Beyond providing essentials such as food and clothing, the Cornerstone Foundation also extends its support to at-risk local teenagers, offering after-school programs to help guide and empower them.
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Impact
October, 2024
Cornerstone Foundation Inc plays a vital role in addressing the immediate needs of the Rockville community by providing essential resources such as food, clothing, and shelter to individuals and families in need. The organization operates a Community Kitchen that serves between 3,500 and 4,000 meals each month, ensuring that those struggling with food insecurity have access to nutritious meals in a dignified environment. Additionally, their food pantry offers further assistance to eligible individuals, helping to alleviate the burden of hunger for many in the area.
Beyond basic needs, Cornerstone Foundation Inc is also dedicated to supporting at-risk local teenagers through after-school programs. These initiatives provide a safe and structured environment, fostering personal growth, education, and community engagement among youth, which can be crucial for their development and future success.
Overall, Cornerstone Foundation Inc significantly impacts the community by not only addressing immediate physical needs but also investing in the future of its youth, promoting resilience and well-being within Rockville and the surrounding areas.
This information is meant to be a general summary of Cornerstone Foundation 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.
- Investment Income: $999
- Gross Receipts: $2,391,291
Assets and Liabilities:
- Total Assets: $628,617
- Total Liabilities: $128,410
- Net Assets: $500,207
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Organization Details
Founding Year
1983
Phone
(860) 871-1823Principal Officer
Angela Atwater
Main Address
15 PROSPECT STREET, ROCKVILLE, CT, 060661436
NTEE Category
Code: K30 - Food
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