Overview
What is Cornerstone School Of Summit Inc?
Cornerstone School of Summit Inc is a nonprofit organization situated in Summit, New Jersey. Their primary focus is on nurturing children's growth and development through a play-based curriculum, which ignites curiosity, fosters creativity, and promotes character development. The school is dedicated to strengthening families by organizing discussions, parenting and child development workshops, and social events, providing a platform for parents and children to connect with the wider community. Embracing diversity, the school is energized by various faith traditions and cultures, creating an inclusive environment. With a team of 24 dedicated individuals, Cornerstone School of Summit Inc serves as a catalyst for supporting and enhancing educational programs, seeking donations and contributions to further their charitable goals.
Official website here: www.cornerstonekids.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Cornerstone School Of Summit Inc has received a 77% rating from Charity Navigator, indicating a solid level of accountability and financial management. The organization's score is derived from a single beacon focused entirely on accountability and finance, which is significant for potential donors seeking transparency and responsible stewardship of funds.
The nonprofit excels in several key areas, including having 100% independent board members and no material diversion of assets, scoring top marks in these categories. Additionally, it maintains a high program expense ratio of 96.37%, suggesting that a substantial portion of its funding effectively supports its mission. The organization also adheres to strong governance practices, with policies for conflict of interest and document retention in place.
However, a notable limitation is the absence of a whistleblower policy, which earned a score of zero out of four points. This gap could raise concerns regarding ethical accountability and protection for individuals who report misconduct. Overall, while Cornerstone School Of Summit Inc demonstrates commendable financial practices, addressing the identified weakness in governance could enhance its reputation further among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone School Of Summit Inc legitimate?
Cornerstone School Of Summit Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone School Of Summit 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: $80,828
Professional Fundraising Fees: $0
Other Salaries and Wages: $589,539
For more financial information, click here
Official website here: www.cornerstonekids.org
What is the mission statement of Cornerstone School Of Summit Inc?
The Cornerstone School of Summit Inc. is dedicated to fostering the holistic development of children through a play-based curriculum that stimulates curiosity, encourages creativity, and nurtures character. The school is also committed to strengthening families by offering opportunities for discussions, parenting and child development workshops, and social events that allow parents and children to connect with other community members. Additionally, the Cornerstone School promotes understanding and diversity in a community that is energized by a variety of faith traditions and cultures, serving as a catalyst to support and enhance improvement programs that enhance learning opportunities for children. The school seeks donations, contributions, and gifts of equipment and funds from the general public to support its charitable goals and purposes.
Official website here: www.cornerstonekids.org
Who is the CEO of Cornerstone School Of Summit Inc?
Joanna Chan is the Chair of Cornerstone School Of Summit Inc.
Official website here: www.cornerstonekids.org
What is the revenue of Cornerstone School Of Summit Inc?
Cornerstone School Of Summit Inc's revenue in 2022 was $1,020,711.
Official website here: www.cornerstonekids.org
Who are the executives of Cornerstone School Of Summit Inc and what are their salaries?
The average compensation at Cornerstone School Of Summit Inc during 2022 was $27,932. There are 24 employees and 16 volunteers at Cornerstone School Of Summit Inc.
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Official website here: www.cornerstonekids.org
Where can I find the form 990 for Cornerstone School Of Summit Inc?
Cornerstone School Of Summit Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cornerstonekids.org
Learn more at the official website: www.cornerstonekids.org
Mission Statement of Cornerstone School Of Summit Inc
Cornerstone School of Summit Inc is dedicated to fostering the holistic development of children, igniting their curiosity, stimulating creativity, and promoting character. This is achieved through a play-based curriculum that serves as an engaging and effective learning tool. Beyond academic growth, the school is committed to strengthening families by offering opportunities for open discussions, parenting and child development workshops, and social events where parents and children can connect with other community members, thereby fostering a sense of belonging and understanding. The school's mission is further enriched by its commitment to diversity, creating a vibrant community energized by a variety of faith traditions and cultures, thereby promoting a harmonious and inclusive environment for all its members.
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Impact
October, 2024
Cornerstone School of Summit Inc. has a profound impact on the community by fostering the holistic development of children through a play-based curriculum that ignites curiosity, inspires creativity, and promotes character. This approach encourages children to engage deeply in exploration and learning, empowering them to take risks, ask questions, and actively seek knowledge.
The school creates an environment where childhood is celebrated as a time for growth, allowing children to experiment with developmentally appropriate materials and activities. This not only nurtures their cognitive abilities but also helps them form positive relationships with peers and adults, enhancing their social skills and emotional intelligence.
In addition to its educational focus, Cornerstone School is dedicated to strengthening families by providing various workshops, discussions, and social events that foster connections among parents and community members. This commitment to family engagement ensures that parents are equipped with resources and support in their child-rearing journey.
Cornerstone School also champions diversity, encouraging children to celebrate their community's rich cultural tapestry through songs, stories, and cooperative games, which enhance understanding and acceptance among different backgrounds. The school serves as a catalyst for improving learning opportunities, promoting inclusivity, and building supportive relationships within the private sector to address educational needs.
Through these initiatives, Cornerstone School of Summit Inc. not only contributes to the development of well-rounded individuals but also cultivates a vibrant, interconnected community that values education and diversity.
This information is meant to be a general summary of Cornerstone School Of Summit 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: $3,732
- Program Service Revenue: $939,892
- Gross Receipts: $1,020,711
Assets and Liabilities:
- Total Assets: $647,547
- Total Liabilities: $244,685
- Net Assets: $402,862
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$835,507
MISC STUDENT REVENUE
Revenue
$86,410
REGISTRATION FEES
Revenue
$17,975
Organization Details
Founding Year
2008
Phone
(908) 277-4400Principal Officer
Joanna Chan
Main Address
561 SPRINGFIELD AVE, SUMMIT, NJ, 07901
Website
www.cornerstonekids.orgNTEE Category
Code: B21 - Education
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