Overview
What is Cornerstone Hospice Foundation Inc?
Cornerstone Hospice Foundation Inc is a nonprofit organization based in Tavarees, Florida, with 12 employees. Their primary mission is to provide resources for critical end-of-life services, supporting individuals and families in Central Florida. This includes funding for four hospice houses and two inpatient units, providing a homelike setting with 24-hour hospice caregivers. They also offer a palliative care program, emotional support services, and improved quality of life for those experiencing serious or chronic illness. Their Children's & Community Bereavement Program helps individuals of all ages cope with grief, and their Humanitarian Fund offers emergency relief to families in need. The foundation serves as the philanthropic link in providing and ensuring the stewardship of resources to support hospice care through Cornerstone Hospice & Palliative Care Inc. in Lake, Sumter, Orange, Osceola, Hardee, Highlands, and Polk Counties.
Official website here: www.cornerstonehospice.org/the-foundation/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star rating.
Cornerstone Hospice Foundation Inc has received a solid rating of 85%, indicating a good level of accountability and financial health. The organization excels in areas such as board independence, governance policies, and asset management, which reflects strong oversight and commitment to ethical practices. Their high scores in program expense ratio and working capital ratio signify that a significant portion of their resources is directed towards their mission.
However, the foundation does face challenges, particularly in fundraising efficiency, where it received a score of 0 out of 25. This suggests that the organization may struggle to generate funds relative to its fundraising expenses, which could impact its ability to sustain its programs over the long term. Despite this limitation, the overall financial health and governance practices remain robust, contributing positively to their mission delivery.
In summary, while Cornerstone Hospice Foundation Inc demonstrates strong governance and financial practices, improvements in fundraising efficiency are necessary to enhance their overall sustainability and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Hospice Foundation Inc legitimate?
Cornerstone Hospice Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Hospice Foundation 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: $0
Professional Fundraising Fees: $15,000
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cornerstonehospice.org/the-foundation/
What is the mission statement of Cornerstone Hospice Foundation Inc?
The Cornerstone Hospice Foundation serves as a philanthropic bridge, managing and safeguarding resources to uphold hospice care provided by Cornerstone Hospice & Palliative Care Inc. Their mission is to support seriously ill individuals and their families, residing in various central Florida counties, during their end-of-life journey. The foundation, led by its board, staff, and volunteers, shares a common goal of enhancing the quality of life and promoting community participation through various initiatives, such as special events, planned giving, corporate and annual contributions, and community support. Their aim is to enrich both the lives of individuals and the community, ensuring a positive impact for future generations.
Official website here: www.cornerstonehospice.org/the-foundation/
Who is the CEO of Cornerstone Hospice Foundation Inc?
Unavailable
Official website here: www.cornerstonehospice.org/the-foundation/
What is the revenue of Cornerstone Hospice Foundation Inc?
Cornerstone Hospice Foundation Inc's revenue in 2022 was $961,785.
Official website here: www.cornerstonehospice.org/the-foundation/
Who are the executives of Cornerstone Hospice Foundation Inc and what are their salaries?
There are 12 employees and 34 volunteers at Cornerstone Hospice Foundation Inc.
Here are 13 key members and their salaries:
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Official website here: www.cornerstonehospice.org/the-foundation/
Where can I find the form 990 for Cornerstone Hospice Foundation Inc?
Cornerstone Hospice Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cornerstonehospice.org/the-foundation/
Learn more at the official website: www.cornerstonehospice.org/the-foundation/
Mission Statement of Cornerstone Hospice Foundation Inc
Cornerstone Hospice Foundation Inc serves as a philanthropic bridge, ensuring the proper allocation and management of resources to uphold hospice care through Cornerstone Hospice & Palliative Care Inc. This foundation's mission is to support end-of-life care for seriously ill individuals and their families residing in Central Florida, which encompasses Lake, Sumter, Orange, Osceola, Hardee, Highlands, and Polk counties. The Board of Directors, staff, and volunteers share a collective passion for improving the quality of life for these individuals and their communities, both presently and for future generations. They actively engage the community through partnerships for special events, planned giving, community support, corporate and annual giving, and enrichment initiatives, aiming to positively impact the lives of individuals and the community at large.
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Impact
July, 2024
Cornerstone Hospice Foundation Inc plays a crucial role in providing essential end-of-life services to individuals and families throughout Central Florida. By supporting Cornerstone Hospice & Palliative Care Inc., the foundation ensures the availability of hospice care facilities such as hospice houses and inpatient units that offer round-the-clock care in a homelike setting. Additionally, their palliative care program delivers comfort and emotional support to patients with serious illnesses, enhancing their quality of life.
Furthermore, Cornerstone Hospice Foundation Inc's children's and community bereavement program assists individuals of all ages in navigating the grieving process and emerging healthier. The foundation also operates a humanitarian fund that aids families in financial need, providing emergency relief for necessities of daily life. Through partnerships, planned giving, and community support, the foundation enriches the lives of individuals and the community, aiming to improve the quality of life for seriously ill individuals and their families in Central Florida.
This information is meant to be a general summary of Cornerstone Hospice Foundation 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: $143,532
- Gross Receipts: $1,576,089
Assets and Liabilities:
- Total Assets: $13,105,079
- Total Liabilities: $6,111,112
- Net Assets: $6,993,967
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Organization Details
Founding Year
1988
Phone
(352) 742-6819Main Address
2445 LANE PARK ROAD, TAVARES, FL, 32778
NTEE Category
Code: P740 - Human services
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