Overview
What is Cornerstone For Hope?
Cornerstone For Hope is a nonprofit organization based in Wayne, Pennsylvania, with a staff of three individuals dedicated to improving the lives of young men and women struggling with addiction. Their mission encompasses enhancing the quality of life for these individuals through various support services. This includes offering scholarships, community and professional education, and engaging in community activism. The organization aims to support individuals and communities in recovery, working towards a broader goal of promoting a healthier and more productive society.
Official website here: www.cornerstoneforhope.org/
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 45%, Zero-Star out of Four Star rating.
Cornerstone For Hope has received a low overall rating of 45% from Charity Navigator, primarily due to its Accountability & Finance score of 36. While the organization excels in areas related to governance, with a fully independent board and strong practices for collecting and using constituent feedback, its financial management raises concerns, particularly with a program expense ratio of only 45.27%. This suggests that a significant portion of its budget may not be directed toward its programs.
On the positive side, the nonprofit shows a strong commitment to community engagement and equity strategies, achieving high scores in constituent feedback and the implementation of equity policies. The organization demonstrates effective practices in engaging its stakeholders, indicating that it values input from the community it serves. However, the limitations in financial efficiency could hinder its ability to sustain programs and fulfill its mission effectively over time.
Overall, while Cornerstone For Hope shows promise in its governance and community involvement, its financial performance and program spending warrant further scrutiny. Potential donors and supporters should consider these factors when evaluating the organization's capacity to deliver on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone For Hope legitimate?
Cornerstone For Hope is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone For Hope 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: $73,377
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,078
For more financial information, click here
Official website here: www.cornerstoneforhope.org/
What is the mission statement of Cornerstone For Hope?
The Cornerstone For Hope is dedicated to improving the lives of young individuals battling addiction. Their mission encompasses providing support to these individuals and communities in recovery. Through various programs, they offer scholarships, community and professional education, and encourage community activism, all aimed at enhancing the quality of life for those affected by addiction.
Official website here: www.cornerstoneforhope.org/
Who is the CEO of Cornerstone For Hope?
Darek Raguza - P is the Executive Director of Cornerstone For Hope.
Official website here: www.cornerstoneforhope.org/
What is the revenue of Cornerstone For Hope?
Cornerstone For Hope's revenue in 2022 was $236,927.
Official website here: www.cornerstoneforhope.org/
Who are the executives of Cornerstone For Hope and what are their salaries?
The average compensation at Cornerstone For Hope during 2022 was $31,485. There are 3 employees at Cornerstone For Hope.
Here are 10 key members and their salaries:
- Compensation: $38,000
- Related: $0
- Other: $0
- Compensation: $20,377
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cornerstoneforhope.org/
Where can I find the form 990 for Cornerstone For Hope?
Cornerstone For Hope's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cornerstoneforhope.org/
Learn more at the official website: www.cornerstoneforhope.org/
Mission Statement of Cornerstone For Hope
Cornerstone For Hope, a nonprofit organization, is dedicated to improving the lives of young men and women struggling with addiction. The primary mission of Cornerstone For Hope is to provide support for individuals and communities in recovery. This support comes in various forms, including scholarships, community and professional education, and community activism.
By offering scholarships, Cornerstone For Hope aims to provide opportunities for recovery-focused individuals to continue their academic pursuits and build a better future for themselves. Through community and professional education, the organization seeks to raise awareness and understanding about addiction and recovery, fostering a supportive environment for those battling this disease.
In addition to these direct support services, Cornerstone For Hope also engages in community activism. This activism is aimed at creating a culture of recovery, where individuals and communities can thrive, free from the burdens of addiction. By providing education and advocacy, Cornerstone For Hope works towards creating a society where recovery is not only possible but also celebrated.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
June, 2024
Cornerstone For Hope's impact is profound in enhancing the quality of life for young individuals struggling with addiction. Through its support, scholarships, community and professional education, as well as community activism, Cornerstone For Hope is playing a crucial role in supporting individuals and communities in recovery. By focusing on mental health and addiction issues, Cornerstone For Hope is making a significant difference in the lives of those battling this disease.
This information is meant to be a general summary of Cornerstone For Hope. 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: $19
- Gross Receipts: $240,671
Assets and Liabilities:
- Total Assets: $148,343
- Total Liabilities: $0
- Net Assets: $148,343
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2016
Phone
(610) 687-7633Principal Officer
Darek Raguza - P
Main Address
175 STRAFFORD AVE ONE, WAYNE, PA, 19087
Website
www.cornerstoneforhope.org/NTEE Category
Code: F22 - Mental health
If you are a representative of Cornerstone For Hope 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.