Overview
What is The Cornerstone Initiative?
The Cornerstone Initiative is a faith-based nonprofit organization situated in Huntsville, Alabama (specifically at PO Box 35804). Their primary mission is to empower and support individuals residing in Madison County, aiming to assist them in overcoming poverty and establishing a sustainable pathway towards self-sufficiency. The organization, with a team of three dedicated employees, offers resources and guidance to help men and women navigate this journey.
Official website here: www.cornerstone-al.com
Is The Cornerstone Initiative legitimate?
The Cornerstone Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cornerstone Initiative 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: $171,288
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Official website here: www.cornerstone-al.com
What is the mission statement of The Cornerstone Initiative?
The CornerStone Initiative, as a faith-based nonprofit organization, is dedicated to assisting men and women in overcoming poverty and achieving sustainable self-sufficiency. This organization provides encouragement and necessary tools to guide individuals in Madison County, Alabama, on their journey towards a more stable financial future. The CornerStone Initiative's mission involves facilitating this transition, ultimately empowering people to break free from poverty and build a life of self-reliance.
Official website here: www.cornerstone-al.com
What is the revenue of The Cornerstone Initiative?
The Cornerstone Initiative's revenue in 2023 was $319,236.
Official website here: www.cornerstone-al.com
Who are the executives of The Cornerstone Initiative and what are their salaries?
The average compensation at The Cornerstone Initiative during 2023 was $42,822. There are 4 employees at The Cornerstone Initiative.
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Official website here: www.cornerstone-al.com
Where can I find the form 990 for The Cornerstone Initiative?
The Cornerstone Initiative's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cornerstone-al.com
Learn more at the official website: www.cornerstone-al.com
Mission Statement of The Cornerstone Initiative
The Cornerstone Initiative is a faith-based nonprofit organization that dedicates its efforts to inspiring and empowering men and women residing in Madison County, Alabama. Their primary goal is to guide these individuals on a journey out of poverty, ultimately leading them towards a state of self-sufficiency that is sustainable. This organization serves as a beacon of hope, providing the necessary resources and support to help individuals navigate this transformative path.
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Impact
October, 2024
The Cornerstone Initiative has a significant impact on the lives of individuals and families in Madison County, Alabama. By providing resources, support, and encouragement, it equips men and women to navigate the challenging pathway out of poverty toward sustainable self-sufficiency. This initiative fosters community improvement by addressing the root causes of poverty and empowering individuals with the skills and confidence they need to thrive. Through various programs and outreach efforts, The Cornerstone Initiative cultivates a supportive environment where participants can develop essential life skills, gain access to educational opportunities, and build a network of support that promotes long-term financial stability and personal growth.
This information is meant to be a general summary of The Cornerstone Initiative. 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.
- Gross Receipts: $319,236
Assets and Liabilities:
- Total Assets: $180,170
- Total Liabilities: $7,285
- Net Assets: $172,885
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Organization Details
Founding Year
2011
Principal Officer
Docquinn Taylor
Website
www.cornerstone-al.comNTEE Category
Code: S47 - Community improvement
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