Overview
What is Centerstone Foundation?
The Centerstone Foundation, based in Nashville, Tennessee, is a nonprofit organization committed to securing philanthropic resources to support Centerstone, a mental health and substance use disorder treatment provider. The Foundation's primary role is to provide effective stewardship of endowments and manage investments and disbursements. Its mission is to enhance the quality of life for individuals and families seeking care at Centerstone. With a workforce of approximately 9 employees, the Foundation supports various affiliates, including Centerstone of Florida, Centerstone of Illinois, Centerstone of Indiana, Centerstone of Tennessee, and more. These affiliates offer a wide range of mental health, addiction, and therapeutic foster care services to individuals and families across states including Florida, Illinois, Indiana, North Carolina, and Tennessee. The Centerstone Foundation's goal is to raise funds to support the work and mission of delivering care that changes people's lives.
Official website here: www.centerstone.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
Centerstone Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization has a perfect score in areas such as independent board governance, material diversion of assets, and various policies that promote transparency and ethical management. This rating indicates that the foundation effectively manages its resources, ensuring that funds are utilized for their intended purposes.
The foundation exhibits an impressive program expense ratio of 91.71%, demonstrating its commitment to directing a majority of its expenses towards its programs rather than administrative costs. Additionally, its outstanding fundraising efficiency suggests that it incurs no costs in raising funds, which is a significant positive aspect of its financial management. The low liabilities to assets ratio of 0.91% further reinforces its financial stability and responsible operations.
While Centerstone Foundation has received high marks for its financial practices, the summary does not provide detailed information on its specific programs or impact outcomes. Understanding the effectiveness of its initiatives would offer a more comprehensive perspective on its overall contributions to the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Centerstone Foundation legitimate?
Centerstone Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centerstone Foundation 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: $134,434
Professional Fundraising Fees: $0
Other Salaries and Wages: $633,524
For more financial information, click here
Official website here: www.centerstone.org
What is the mission statement of Centerstone Foundation?
The Centerstone Foundation is committed to securing philanthropic resources to support Centerstone's mission of delivering care that transforms people's lives, both now and in the future. The foundation aims to effectively manage endowments, including investments and disbursements, with the ultimate goal of improving the quality of life for individuals and families seeking care at Centerstone. The foundation's work is dedicated to providing care for more than 110,000 individuals annually, across various ages and demographics, offering mental health treatments, substance use disorder treatments, integrated primary care, therapeutic foster care, and supportive services. The foundation is accredited by CARF and the Joint Commission, demonstrating its commitment to delivering high-quality care.
Official website here: www.centerstone.org
Who is the CEO of Centerstone Foundation?
Ramona Rhodes is the Foundation President of Centerstone Foundation.
Official website here: www.centerstone.org
What is the revenue of Centerstone Foundation?
Centerstone Foundation's revenue in 2023 was $3,395,771.
Official website here: www.centerstone.org
Who are the executives of Centerstone Foundation and what are their salaries?
The average compensation at Centerstone Foundation during 2023 was $85,329. There are 9 employees and 11 volunteers at Centerstone Foundation.
Here are 12 key members and their salaries:
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- Compensation: $130,192
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- Other: $4,241
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- Related: $156,380
- Other: $23,821
Official website here: www.centerstone.org
Where can I find the form 990 for Centerstone Foundation?
Centerstone Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.centerstone.org
Learn more at the official website: www.centerstone.org
Mission Statement of Centerstone Foundation
The Centerstone Foundation is a philanthropic organization dedicated to improving the quality of life for individuals and families seeking care. Its primary mission, as stated, is to "deliver care that changes people's lives." In pursuit of this objective, the Foundation secures philanthropic resources to support Centerstone's various affiliates and the people they serve, both presently and in the future. The Foundation also oversees the effective stewardship of endowments, including investments and disbursements.
The Centerstone Foundation is an integral part of Centerstone, a nonprofit health system that provides mental health and substance use disorder treatments. Services are available across Florida, Illinois, Indiana, North Carolina, and Tennessee through outpatient clinics, residential programs, school-based services, telehealth, and an inpatient hospital. Centerstone also offers specialized programs across the United States for the military community, as well as services for children, including therapeutic foster care.
In addition to its financial support, the Foundation provides guidance through research and technology, leveraging evidence-based practices for use across communities. This commitment to delivering care that transforms lives extends to the over 110,000 individuals and families Centerstone serves annually. The Foundation is accredited by CARF and The Joint Commission, ensuring the delivery of high-quality care.
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Impact
June, 2024
Centerstone Foundation is dedicated to delivering care that changes people's lives by securing philanthropic resources to support Centerstone's mission. They provide mental health and substance use disorder treatments through outpatient clinics, residential programs, and school-based services in multiple states. Centerstone Foundation impacts over 110,000 individuals and families annually, offering specialized programs for the military community and children. Through their affiliates, such as Centerstone of Florida and Centerstone of Tennessee, they provide a wide range of mental health services and therapeutic foster care. Additionally, their Research Institute works to bridge the gap between evidence and practice, enhancing patient care and advancing treatment for mental health and addiction disorders. Centerstone Foundation's work extends to supporting service members, veterans, and their families through dedicated military services.
This information is meant to be a general summary of Centerstone Foundation. 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 2023.
- Investment Income: $206,197
- Gross Receipts: $3,746,108
Assets and Liabilities:
- Total Assets: $13,988,410
- Total Liabilities: $127,355
- Net Assets: $13,861,055
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Organization Details
Founding Year
2007
Phone
(615) 463-6610Principal Officer
Ramona Rhodes
Main Address
44 VANTAGE WAY SUITE 400, NASHVILLE, TN, 37228
Website
www.centerstone.orgNTEE Category
Code: F11 - Mental health
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