Overview
What is Cornerstone Assistance Network Of North Central Te?
Cornerstone Assistance Network of North Central Texas is a local nonprofit organization situated in Prosper, Texas. Their primary mission is to extend aid and assistance to individuals and families in need within their community. This assistance encompasses providing essential items such as clothing and furniture, as well as offering financial support. One of their key initiatives is offering case management services, which last year included distributing back-to-school supplies and backpacks for children, gifting Christmas presents to 351 children through their Cornerstone Christmas program, and offering financial assistance to families in need. With a dedicated workforce of 19 individuals, this nonprofit remains committed to supporting its community members and helping them overcome various challenges.
Official website here: www.cornerstonenct.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61% (Two-Star out of Four Star rating)
Cornerstone Assistance Network of North Central Texas has received a 61% rating from Charity Navigator, indicating average performance in terms of accountability and finance. The organization has demonstrated strong governance practices, with a fully independent board and comprehensive policies in place for conflict of interest and whistleblower protections. Key financial metrics such as the liabilities to assets ratio are healthy, suggesting a manageable level of debt.
However, the program expense ratio at 53.64% is a notable concern, as it indicates that less than half of its expenses are directed towards programs and services, which may raise questions about the efficiency of resource allocation. The organization has strengths in transparency, with all board meeting minutes documented and available, but the financial allocation towards programs could be improved to enhance its overall effectiveness.
Overall, while Cornerstone Assistance Network exhibits good governance and transparency, potential donors and stakeholders may want to consider the implications of its relatively low program expense ratio on the impact of its services.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Assistance Network Of North Central Te legitimate?
Cornerstone Assistance Network Of North Central Te is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Assistance Network Of North Central Te 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:
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Other Salaries and Wages: $221,713
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Official website here: www.cornerstonenct.org
What is the mission statement of Cornerstone Assistance Network Of North Central Te?
The Cornerstone Assistance Network in an unspecified local area is committed to providing assistance in various forms to individuals in need. Their mission involves offering financial aid, essential clothing, and necessary furniture. Additionally, they extend their support through skill development and other resources. In practice, they have provided back-to-school supplies and Christmas gifts to children, as well as offered financial assistance to needy families.
Official website here: www.cornerstonenct.org
What is the revenue of Cornerstone Assistance Network Of North Central Te?
Cornerstone Assistance Network Of North Central Te's revenue in 2023 was $627,171.
Official website here: www.cornerstonenct.org
Who are the executives of Cornerstone Assistance Network Of North Central Te and what are their salaries?
The average compensation at Cornerstone Assistance Network Of North Central Te during 2023 was $10,078. There are 22 employees at Cornerstone Assistance Network Of North Central Te.
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Official website here: www.cornerstonenct.org
Where can I find the form 990 for Cornerstone Assistance Network Of North Central Te?
Cornerstone Assistance Network Of North Central Te's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cornerstonenct.org
Learn more at the official website: www.cornerstonenct.org
Mission Statement of Cornerstone Assistance Network Of North Central Te
Cornerstone Assistance Network of North Central Texas is dedicated to helping those in need within its local community. Its mission, as stated, is to provide essential assistance such as financial aid, clothing, and furniture, alongside offering skills and support to those in need. In practice, this organization demonstrates its commitment by offering case management services. Through this initiative, they provide back-to-school supplies and backpacks for children, distribute Christmas gifts to 351 children through their Cornerstone Christmas program, and offer financial assistance to families in need. By offering these services, Cornerstone Assistance Network of North Central Texas aims to support families and contribute positively to its community.
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Impact
October, 2024
Cornerstone Assistance Network of North Central Texas significantly enhances the lives of individuals and families in the local community through vital support services. By offering financial assistance, clothing, and furniture, it addresses immediate needs and fosters stability among vulnerable populations.
The organization plays a crucial role in ensuring children are well-prepared for school, providing back-to-school supplies and backpacks, which helps families focus on education rather than financial burdens. During the holiday season, the Cornerstone Christmas program brings joy to families by delivering gifts to 351 children, creating memorable experiences that many might otherwise miss.
Moreover, through comprehensive case management, Cornerstone equips families with essential skills and resources, promoting long-term self-sufficiency and empowerment. This multi-faceted approach not only alleviates immediate hardships but also builds a stronger, more resilient community in Prosper, TX.
This information is meant to be a general summary of Cornerstone Assistance Network Of North Central Te. 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: $83
- Gross Receipts: $906,018
Assets and Liabilities:
- Total Assets: $419,063
- Total Liabilities: $40,787
- Net Assets: $378,276
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Organization Details
Founding Year
2010
Principal Officer
Jennifer Lutes
Website
www.cornerstonenct.orgNTEE Category
Code: P20 - Human services
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