Overview
What is Cornerstone Early Education & Youth Center Inc?
Cornerstone Early Education & Youth Center Inc is a nonprofit organization situated in Bear, Delaware. With a Christian-centered approach, their primary mission is to offer a nurturing and educational experience for children aged 2 and above. Their programs encompass daycare, after-school care, and a summer youth day camp. The center serves approximately 204 children, utilizing the A Beka curriculum, which integrates faith and academics. The curriculum includes daily Bible lessons, multicultural experiences, science, math, music, computer classes, and various fun activities such as arts and crafts and field trips. The team comprises 35 dedicated individuals committed to fostering an enriching environment for both children and their families.
Official website here: www.cornerstonedelaware.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (66%, Two-Star out of Four Star rating)
Cornerstone Early Education & Youth Center Inc has received a rating of "Needs Improvement" from Charity Navigator, reflecting an overall score of 66%. The organization's financial practices show strengths in program expense allocation, with a high ratio of 94.28%, indicating a strong commitment to using funds for its programs. Furthermore, it has robust policies in place for conflict of interest, whistleblower protection, and document retention.
However, significant concerns arise from the lack of independent board members, scoring 0% in both the majority independent board members and independent board size categories. Additionally, the organization has not made its financial statements available, which is crucial for transparency and accountability. While it does maintain a low liabilities to assets ratio, the absence of publicly posted tax forms raises questions about its overall financial transparency and governance.
Despite these limitations, Cornerstone Early Education & Youth Center demonstrates a commitment to its core mission, as evidenced by its high program expense ratio. Addressing governance and transparency issues will be essential for strengthening its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Early Education & Youth Center Inc legitimate?
Cornerstone Early Education & Youth Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Early Education & Youth Center 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: $43,680
Professional Fundraising Fees: $0
Other Salaries and Wages: $744,693
For more financial information, click here
Official website here: www.cornerstonedelaware.com
What is the mission statement of Cornerstone Early Education & Youth Center Inc?
Cornerstone Early Education & Youth Center Inc's mission is centered around providing a faith-infused and academically sound learning experience for children aged 2 to 5. The organization uses the Christian-based A Beka curriculum in its preschool program, incorporating daily Bible lessons, multicultural experiences, science, math, music, and computer lessons. Children also engage in various fun activities such as arts and crafts and field trips. The mission of Cornerstone Early Education & Youth Center Inc is to nurture and educate children in a Christ-centered environment, fostering their intellectual and spiritual growth.
Official website here: www.cornerstonedelaware.com
What is the revenue of Cornerstone Early Education & Youth Center Inc?
Cornerstone Early Education & Youth Center Inc's revenue in 2024 was $1,361,885.
Official website here: www.cornerstonedelaware.com
Who are the executives of Cornerstone Early Education & Youth Center Inc and what are their salaries?
The average compensation at Cornerstone Early Education & Youth Center Inc during 2024 was $23,187. There are 34 employees and 2 volunteers at Cornerstone Early Education & Youth Center Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $56,832
- Other: $65,520
- Compensation: $0
- Related: $52,716
- Other: $20,520
- Compensation: $43,680
- Related: $0
- Other: $0
Official website here: www.cornerstonedelaware.com
Where can I find the form 990 for Cornerstone Early Education & Youth Center Inc?
Cornerstone Early Education & Youth Center Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cornerstonedelaware.com
Learn more at the official website: www.cornerstonedelaware.com
Mission Statement of Cornerstone Early Education & Youth Center Inc
Cornerstone Early Education & Youth Center Inc is dedicated to providing a nurturing and faith-based learning environment for children and their families. Designed with a blend of faith and academics, this organization offers a preschool program for children aged 2 to 5, utilizing the Christian-based A Beka curriculum. The curriculum encompasses various subjects, including Bible lessons, multicultural experiences, science, mathematics, music, and computer studies. Children also engage in a variety of enjoyable activities such as arts and crafts and field trips. The mission of Cornerstone Early Education & Youth Center Inc is to offer a well-rounded educational experience that not only fosters academic growth but also nurtures the spiritual development of its young learners.
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Impact
July, 2024
Cornerstone Early Education & Youth Center Inc has a significant impact on the community by providing a Christ-centered learning and nurturing experience for children and their families. Through their preschool program that educates children ages 2 through 5 using the Christian-based A Beka curriculum, the organization not only focuses on academics but also incorporates daily Bible lessons, multicultural experiences, science, math, music, and computer skills. Additionally, children participate in various fun activities including arts and crafts, field trips, and more.
By offering day care, after school care, and a summer youth day camp program for children ages 2 years and older, Cornerstone Early Education & Youth Center serves approximately 204 children, providing them with a safe and enriching environment where they can learn and grow. This holistic approach to education and childcare helps instill values, knowledge, and skills that contribute to the overall development and well-being of the children they serve.
This information is meant to be a general summary of Cornerstone Early Education & Youth Center 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 2024.
- Investment Income: $5
- Program Service Revenue: $1,352,391
- Gross Receipts: $1,361,885
Assets and Liabilities:
- Total Assets: $541,333
- Total Liabilities: $0
- Net Assets: $541,333
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$1,352,391
Organization Details
Founding Year
1995
Principal Officer
Daniel Carroll
Website
www.cornerstonedelaware.comNTEE Category
Code: P33 - Human services
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