Overview
What is Cornerstone Foundation?
The Cornerstone Foundation, situated in Biloxi, Mississippi, is a compassionate nonprofit organization dedicated to serving individuals of limited resources. Their primary mission involves providing top-notch medical care in various specialties such as family practice, pediatrics, cardiology, internal medicine, surgery, maternal child health, and dentistry. Their medical clinics operate five days a week, while emergency room and in-patient services are available round the clock, 365 days a year. Furthermore, the Cornerstone Foundation strives to build a diverse community of Christian believers, offering them medical care and continuously sharing the message of Jesus Christ. Their goal is to serve the body, soul, and spirit of those in need, through initiatives like medical care, child care, community development, and education. With a workforce of four dedicated individuals, they strive to fulfill their mission in the North Coast of Honduras.
Official website here: www.crstone.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating
Cornerstone Foundation demonstrates a strong commitment to accountability and financial health, earning a Four-Star rating from Charity Navigator. The organization scored 92% in Accountability & Finance, reflecting a well-managed structure with independent board members and comprehensive financial oversight practices. Key indicators of their strength include a high program expense ratio of 86.01%, meaning the majority of their expenses go directly to programs rather than administrative costs, and a solid liabilities to assets ratio of just 1.93%.
User feedback supports the foundation's positive reputation, highlighting its impactful work in Honduras over the past 26 years. Reviewers commend the foundation for creating essential infrastructure, including a full-service hospital, a children's sanctuary, and educational programs. One donor specifically noted the organization’s reliance on faith to achieve significant outcomes despite limited resources, emphasizing the transformative effect of their efforts in the local community.
While the organization showcases a robust operational framework, it is essential for potential supporters to consider the challenges inherent in working in under-resourced areas. However, the overall sentiment from donors indicates a high level of trust and satisfaction with the foundation's initiatives and its commitment to serving those in need.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Cornerstone Foundation legitimate?
Cornerstone Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Foundation 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: $85,964
Professional Fundraising Fees: $0
Other Salaries and Wages: $82,180
For more financial information, click here
Official website here: www.crstone.org
What is the mission statement of Cornerstone Foundation?
The Cornerstone Foundation is dedicated to honoring God and fulfilling the Great Commission by providing ministry to those in need, focusing on their physical, emotional, and spiritual well-being. This is achieved through services such as medical care, child care, community development, and education. The foundation's medical facility, Loma de Luz, serves over 20,000 patients with minimal resources, offering high-quality, full-time medical care in various specialties, including family practice, pediatrics, cardiology, internal medicine, surgery, maternal-child health, and dentistry. Medical clinics operate five days a week, with 24/7 emergency room and in-patient services available round the clock.
Official website here: www.crstone.org
Who is the CEO of Cornerstone Foundation?
Jeff Mckenney is the Personnel of Cornerstone Foundation.
Official website here: www.crstone.org
What is the revenue of Cornerstone Foundation?
Cornerstone Foundation's revenue in 2022 was $922,393.
Official website here: www.crstone.org
Who are the executives of Cornerstone Foundation and what are their salaries?
The average compensation at Cornerstone Foundation during 2022 was $42,036. There are 4 employees and 6 volunteers at Cornerstone Foundation.
Here are 12 key members and their salaries:
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- Compensation: $42,982
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- Other: $9,900
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- Compensation: $42,982
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- Other: $9,900
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Official website here: www.crstone.org
Where can I find the form 990 for Cornerstone Foundation?
Cornerstone Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.crstone.org
Learn more at the official website: www.crstone.org
Mission Statement of Cornerstone Foundation
The Cornerstone Foundation is committed to glorifying God and fulfilling the Great Commission by providing medical care, as well as addressing the spiritual, physical, and emotional needs of individuals in need. This faith-based organization strives to achieve its mission through various services, including medical care, child care, community development, and education.
At the heart of Cornerstone Foundation's efforts is Hospital Loma de Luz, which has demonstrated its dedication to providing high-quality medical care to those with minimal resources. The hospital offers comprehensive services in various medical fields such as family practice, pediatrics, cardiology, internal medicine, surgery, maternal and child health, and dentistry. The hospital's clinics are open five days a week, and it provides emergency room and inpatient services around the clock, ensuring that patients receive prompt and continuous care.
By offering full-time medical care of the highest quality, Cornerstone Foundation aims to make a significant impact on the lives of those in need. This mission is driven by the organization's commitment to the glory of God and the fulfillment of the Great Commission, as stated in the Bible. By responding to this calling through medical care, child care, community development, and education, the Cornerstone Foundation continues to make a lasting difference in the lives of those it serves.
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Impact
July, 2024
Cornerstone Foundation has made a profound impact by providing medical care to over 20,000 patients in Honduras, many of whom have minimal resources. The Hospital Loma de Luz, operated by the Foundation, offers a wide range of medical services including family practice, pediatrics, cardiology, surgery, and maternal child health. With clinics open five days a week and emergency services available 24/7, they ensure that the community receives high-quality healthcare consistently. In addition to medical care, the Foundation also focuses on sharing the gospel of Jesus Christ, fulfilling their mission to minister to the body, soul, and spirit of those in need. Their dedication to serving communities in Honduras exemplifies their commitment to the fulfillment of the great commission.
This information is meant to be a general summary of Cornerstone Foundation. 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: $1,760
- Gross Receipts: $922,393
Assets and Liabilities:
- Total Assets: $2,226,715
- Total Liabilities: $57,549
- Net Assets: $2,169,166
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Organization Details
Founding Year
1992
Phone
(228) 207-1811Principal Officer
Jeff Mckenney
Main Address
9032 WOOLMARKET RD, BILOXI, MS, 39532
Website
www.crstone.orgNTEE Category
Code: Q300 - International
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