Overview
What is The Cornerstone Foundation Inc C/O Lutheran Social Services Of Illinois?
The Cornerstone Foundation Inc, affiliated with Lutheran Social Services of Illinois, is an endowment that supports the ministries and future operations of Lutheran Social Services of Illinois (LSSI). Situated in Des Plaines, Illinois, this nonprofit organization plays a crucial role in developing active support for LSSI's social services. LSSI, with over 190 programs across more than 80 sites in Illinois, serves a diverse population, reaching tens of thousands of individuals regardless of age, race, religion, or economic circumstances. LSSI's services encompass senior care, family strengthening, crisis assistance, and support for those with developmental disabilities or addiction issues. The Cornerstone Foundation, in essence, contributes to the sustainability of these vital initiatives.
Official website here: www.lssi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Cornerstone Foundation Inc, affiliated with Lutheran Social Services of Illinois, has received a commendable Four-Star rating from Charity Navigator. This indicates a high level of accountability and financial management, as the rating is based entirely on its strong performance in the Accountability & Finance category. With a score of 96%, the organization demonstrates a commitment to transparency and responsible financial practices.
The Foundation's strengths are highlighted by its independent board structure, which consists entirely of independent members, reflecting a transparent governance model. Additionally, it has robust auditing and oversight practices, with no reported material diversions of assets. The organization has comprehensive policies in place, including conflict of interest, whistleblower, and document retention policies, further underscoring its accountability.
While the charity excels in financial management and governance, the summary does not highlight any specific areas for improvement. The high program expense ratio of 84.90% indicates that a significant majority of its expenses are directed towards its programs, which suggests a focus on impactful service delivery. Overall, The Cornerstone Foundation Inc presents itself as a trustworthy and well-managed nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Cornerstone Foundation Inc C/O Lutheran Social Services Of Illinois legitimate?
The Cornerstone Foundation Inc C/O Lutheran Social Services Of Illinois is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cornerstone Foundation Inc C/O Lutheran Social Services Of Illinois 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lssi.org
What is the mission statement of The Cornerstone Foundation Inc C/O Lutheran Social Services Of Illinois?
The Cornerstone Foundation, associated with Lutheran Social Services of Illinois, is committed to supporting the ministries and future of the latter organization. Its primary role involves developing active assistance for the social services provided by Lutheran Social Services of Illinois. This foundation plays a significant part in touching the lives of numerous individuals, irrespective of age, race, religion, or economic circumstances, annually. The services offered by Lutheran Social Services of Illinois encompass over 190 programs across more than 80 sites in Illinois. These programs cater to senior adults, strengthen families, provide aid during times of crisis, and assist those facing challenges related to developmental disabilities or addiction problems.
Official website here: www.lssi.org
Who is the CEO of The Cornerstone Foundation Inc C/O Lutheran Social Services Of Illinois?
Mark A Stutrud is the Ceo of The Cornerstone Foundation Inc C/O Lutheran Social Services Of Illinois. The CEO's salary of The Cornerstone Foundation Inc C/O Lutheran Social Services Of Illinois is $0 and their total compensation is $398,835.
Official website here: www.lssi.org
What is the revenue of The Cornerstone Foundation Inc C/O Lutheran Social Services Of Illinois?
The Cornerstone Foundation Inc C/O Lutheran Social Services Of Illinois's revenue in 2022 was $2,125,942.
Official website here: www.lssi.org
Who are the executives of The Cornerstone Foundation Inc C/O Lutheran Social Services Of Illinois and what are their salaries?
There 21 volunteers at The Cornerstone Foundation Inc C/O Lutheran Social Services Of Illinois.
Here are 25 key members and their salaries (The Cornerstone Foundation Inc C/O Lutheran Social Services Of Illinois's CEO's salary is $0 and their total compensation is $398,835):
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- Related: $335,702
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- Other: $24,810
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- Other: $15,948
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- Other: $2,021
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Official website here: www.lssi.org
Where can I find the form 990 for The Cornerstone Foundation Inc C/O Lutheran Social Services Of Illinois?
The Cornerstone Foundation Inc C/O Lutheran Social Services Of Illinois's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lssi.org
Learn more at the official website: www.lssi.org
Mission Statement of The Cornerstone Foundation Inc C/O Lutheran Social Services Of Illinois
The Cornerstone Foundation, a vital component of Lutheran Social Services of Illinois (LSSI), is dedicated to supporting the ministries and securing the future of this organization. Its mission revolves around actively fostering backing for the social services provided by LSSI. LSSI impacts the lives of countless individuals annually, catering to people of various ages, races, religious beliefs, and economic circumstances. With more than 190 programs at over 80 sites scattered across Illinois, LSSI offers a wide array of services. These programs encompass care for senior adults, strengthening families, aiding individuals and adults in times of crisis, and providing assistance to those dealing with challenges related to developmental disabilities or addiction issues. Essentially, The Cornerstone Foundation's role is to ensure the continuity and growth of LSSI's significant contributions to the community.
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Impact
October, 2024
The Cornerstone Foundation plays a pivotal role in fostering the future and sustainability of Lutheran Social Services of Illinois (LSSI). By developing active support for various social services, the foundation ensures that LSSI can continue its impactful work of serving diverse communities throughout Illinois.
Each year, LSSI positively influences the lives of tens of thousands, addressing the needs of individuals from all walks of life, regardless of age, race, religion, or economic status. With over 190 programs operating in more than 80 locations, LSSI offers vital services that care for senior adults, strengthen families, provide crisis support for children and adults, and assist individuals facing developmental disabilities or addiction challenges.
The foundation's commitment to responding to the gospel inspires its mission, allowing LSSI to nurture and uplift communities through compassionate, essential services. By securing funding and resources, the Cornerstone Foundation ensures that these impactful programs can thrive and expand, meeting the growing needs of the populations they serve.
This information is meant to be a general summary of The Cornerstone Foundation Inc C/O Lutheran Social Services Of Illinois. 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: $305,556
- Gross Receipts: $2,653,331
Assets and Liabilities:
- Total Assets: $21,575,495
- Total Liabilities: $468,451
- Net Assets: $21,107,044
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Organization Details
Founding Year
1984
Phone
(847) 635-4600Principal Officer
Mark A Stutrud
Main Address
1001 E TOUHY AVENUE 50, DES PLAINES, IL, 60018
Website
www.lssi.orgNTEE Category
Code: P200 - Human services
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