Overview
What is Cornerstone Child Development Center?
Cornerstone Child Development Center is a nonprofit organization situated in Louisville, Kentucky, with a specific focus on young children aged between 6 weeks and 5 years old. This center offers a nurturing environment, providing developmental and educational activities as well as engaging learning experiences. With a dedicated team of 53 employees, Cornerstone Child Development Center aims to foster growth and learning in its young attendees, ensuring they start their educational journey on a strong foundation.
Official website here: www.cornerstonechild.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating
Cornerstone Child Development Center has received a Two-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial health. The organization demonstrates strong governance with 100% of its board members being independent, ensuring unbiased decision-making. Additionally, it shows a commendable program expense ratio, indicating that all its expenses are utilized for program delivery.
However, there are notable weaknesses in the organization's policies. The absence of a whistleblower policy and a document retention and destruction policy raises concerns about transparency and organizational practices. These deficiencies may impede the center’s ability to uphold ethical standards and proper document management.
While the organization excels in certain aspects of governance and program efficiency, addressing the gaps in its operational policies could significantly enhance its overall rating and trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Child Development Center legitimate?
Cornerstone Child Development Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Child Development Center 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: $182,487
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,225,208
For more financial information, click here
Official website here: www.cornerstonechild.org
What is the mission statement of Cornerstone Child Development Center?
The Cornerstone Child Development Center is committed to providing developmental and educational activities and learning experiences for children aged between 6 weeks and 5 years old. Their mission is to facilitate the growth and learning of these young individuals, offering them a nurturing environment where they can thrive. Through a variety of engaging activities, the center aims to foster their cognitive, emotional, social, and physical development. The center's primary objective is to equip these children with the necessary skills and knowledge to progress smoothly in their future educational journeys.
Official website here: www.cornerstonechild.org
Who is the CEO of Cornerstone Child Development Center?
Bridget Yates is the Director of Cornerstone Child Development Center.
Official website here: www.cornerstonechild.org
What is the revenue of Cornerstone Child Development Center?
Cornerstone Child Development Center's revenue in 2023 was $2,411,048.
Official website here: www.cornerstonechild.org
Who are the executives of Cornerstone Child Development Center and what are their salaries?
The average compensation at Cornerstone Child Development Center during 2023 was $26,560. There are 53 employees at Cornerstone Child Development Center.
Here are 12 key members and their salaries:
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- Compensation: $60,604
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Official website here: www.cornerstonechild.org
Where can I find the form 990 for Cornerstone Child Development Center?
Cornerstone Child Development Center's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cornerstonechild.org
Learn more at the official website: www.cornerstonechild.org
Mission Statement of Cornerstone Child Development Center
Cornerstone Child Development Center is committed to providing young children aged between six weeks and five years with a nurturing environment that fosters development and learning. Their mission is to offer a wide array of educational activities and learning experiences, aiming to stimulate the cognitive, emotional, and social growth of these young individuals. The center's primary goal is to equip these children with the necessary skills and knowledge to prepare them for their future educational journeys.
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Impact
July, 2024
Cornerstone Child Development Center positively impacts the lives of young children in Louisville, Kentucky by providing them with development and educational activities and learning experiences. This organization plays a crucial role in nurturing and supporting the growth and learning of children aged 6 weeks through 5 years old. Through its mission to provide these young children with meaningful developmental opportunities, Cornerstone Child Development Center contributes to their overall well-being and prepares them for future academic success.
This information is meant to be a general summary of Cornerstone Child Development Center. 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: $1,770
- Program Service Revenue: $1,749,859
- Gross Receipts: $2,436,323
Assets and Liabilities:
- Total Assets: $1,389,916
- Total Liabilities: $510,407
- Net Assets: $879,509
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$1,749,859
Organization Details
Founding Year
2004
Phone
(502) 897-9136Principal Officer
Bridget Yates
Main Address
211 BROWNS LN, LOUISVILLE, KY, 40207
Website
www.cornerstonechild.orgIf you are a representative of Cornerstone Child Development Center and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.