Overview
What is Cornerstone Community Action Agency Inc?
Cornerstone Community Action Agency Inc is a nonprofit organization situated at 114 Needham Street, Coleman, Texas, with a team of 196 employees. Their primary mission revolves around early childhood development, offering services to children from birth to age 5 and expectant families who are economically disadvantaged. The program focuses on enhancing families and their young children through comprehensive development plans. Cornerstone Community Action Agency's purpose extends beyond early childhood care, as they also provide opportunities for training, education, rental and utility assistance, outreach services, and housing rehabilitation. Their ultimate goal is to empower individuals and communities, fostering self-sufficiency.
Official website here: www.ctoinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Cornerstone Community Action Agency Inc has achieved a high level of accountability and financial transparency, as evidenced by its 96% score from Charity Navigator. This impressive rating is primarily based on its strong performance in accountability and finance, reflecting the organization’s commitment to responsible management of funds. The majority of board members are independent, further enhancing its governance integrity.
The agency's financial practices are commendable, with a low liabilities to assets ratio and a high program expense ratio, indicating that a substantial portion of its resources is directed towards its programs rather than administrative costs. Additionally, the organization has established rigorous policies regarding conflict of interest, whistleblower protections, and document retention, showcasing its dedication to ethical operations.
While the organization excels in accountability and finance, the summary does not provide insight into the effectiveness of its programs or areas where it might seek improvement. Nonetheless, the strong governance and sound financial management suggest that Cornerstone Community Action Agency Inc is a trustworthy entity within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Community Action Agency Inc legitimate?
Cornerstone Community Action Agency Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Community Action Agency 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: $179,520
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,767,468
For more financial information, click here
Official website here: www.ctoinc.org
What is the mission statement of Cornerstone Community Action Agency Inc?
The Cornerstone Community Action Agency Inc is dedicated to empowering individuals and communities, offering hope and promoting self-sufficiency. Their mission encompasses providing opportunities for training and education, as well as essential assistance with rent and utilities. The organization offers a range of services including outreach, child care, and housing rehabilitation.
In particular, they focus on early childhood development, serving children from birth to age five and pregnant families with low incomes. Their approach aims to strengthen families and their children through comprehensive child development plans. Approximately 502 clients have benefited from their services.
Official website here: www.ctoinc.org
What is the revenue of Cornerstone Community Action Agency Inc?
Cornerstone Community Action Agency Inc's revenue in 2023 was $11,318,953.
Official website here: www.ctoinc.org
Who are the executives of Cornerstone Community Action Agency Inc and what are their salaries?
The average compensation at Cornerstone Community Action Agency Inc during 2023 was $23,898. There are 207 employees and 150 volunteers at Cornerstone Community Action Agency Inc.
Here are 11 key members and their salaries:
- Compensation: $105,268
- Related: $0
- Other: $5,010
- Compensation: $74,251
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- Other: $5,059
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- Other: $0
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- Other: $0
Official website here: www.ctoinc.org
Where can I find the form 990 for Cornerstone Community Action Agency Inc?
Cornerstone Community Action Agency Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ctoinc.org
Learn more at the official website: www.ctoinc.org
Mission Statement of Cornerstone Community Action Agency Inc
Cornerstone Community Action Agency Inc, a dynamic organization, is dedicated to empowering individuals and communities, offering hope and promoting self-sufficiency. Their mission is multi-faceted, encompassing the provision of opportunities for training and education, financial assistance, outreach services, child care, and housing rehabilitation.
In practical terms, this means that Cornerstone Community Action Agency Inc offers a range of services to help low-income families and children from birth to age 5. The Early Childhood Development program, in particular, aims to strengthen these families and their young children through comprehensive child development plans. With around 502 clients served, the program strives to make a significant impact on the lives of those it reaches.
Cornerstone Community Action Agency Inc's commitment to self-sufficiency extends beyond the realm of early childhood development. The organization's efforts are geared towards improving the lives of individuals and communities through various means. By providing training and education, financial assistance for rent and utilities, outreach services, child care, and housing rehabilitation, Cornerstone Community Action Agency Inc is a beacon of hope and an essential resource for those in need.
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Impact
October, 2024
Cornerstone Community Action Agency Inc significantly impacts the Coleman, TX community by empowering individuals and families to achieve self-sufficiency. Through its diverse programs, it serves approximately 502 clients, focusing particularly on early childhood development for children from birth to age 5 and pregnant families facing low income challenges.
By providing comprehensive child development plans, Cornerstone helps strengthen families and improve the health and educational outcomes of their children. Beyond early childhood services, the agency offers critical support in training, education, rent and utility assistance, outreach services, child care, and housing rehabilitation. This multifaceted approach not only addresses immediate needs but also fosters long-term stability and growth within the community.
This information is meant to be a general summary of Cornerstone Community Action Agency 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 2023.
- Investment Income: $875
- Program Service Revenue: $927,349
- Gross Receipts: $11,599,133
Assets and Liabilities:
- Total Assets: $5,776,333
- Total Liabilities: $1,531,753
- Net Assets: $4,244,580
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EARLY CHILDHOOD
Revenue
$780,336
HOUSING SERVICES
Revenue
$96,306
COMMUNITY SERVICES
Revenue
$50,707
Organization Details
Founding Year
1965
Principal Officer
Hanna Adams
Website
www.ctoinc.orgNTEE Category
Code: P200 - Human services
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