Overview
What is Cornerstone Associates Inc?
Cornerstone Associates Inc, located in Corvallis, Oregon, is a nonprofit organization dedicated to empowering approximately 150 individuals with intellectual and developmental disabilities. Their mission is to foster meaningful community involvement for these individuals, providing them with training and employment opportunities in various community, industrial, and business settings. The ultimate goal is to secure sustainable employment, resulting in valuable work experience that may pave the way for further career development. With a team of 55 employees, Cornerstone Associates Inc is committed to enhancing the lives of individuals with intellectual and developmental disabilities, promoting their integration and active participation in the community.
Official website here: www.cornerstoneassociates.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 77% (Three-Star out of Four Star rating)
Cornerstone Associates Inc has received a Three-Star rating from Charity Navigator, reflecting a solid score of 77% primarily driven by its accountability and finance metrics. The organization demonstrates strong governance practices, with a fully independent board of directors and effective financial management, shown by a low liabilities to assets ratio and a high program expense ratio, indicating that a significant portion of its budget is allocated to its programs.
However, the evaluation highlights a notable limitation: Cornerstone Associates Inc lacks a whistleblower policy, which is essential for transparency and accountability in nonprofit organizations. While the charity excels in many areas, including having a conflict of interest policy and maintaining proper documentation of board meeting minutes, the absence of this policy may raise concerns about internal reporting mechanisms and protection for whistleblowers.
Overall, while Cornerstone Associates Inc shows strength in governance and financial responsibility, potential donors and stakeholders may want to consider the implications of the missing whistleblower policy when assessing the organization’s overall accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Associates Inc legitimate?
Cornerstone Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Associates 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: $78,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $976,878
For more financial information, click here
Official website here: www.cornerstoneassociates.com
What is the mission statement of Cornerstone Associates Inc?
Cornerstone Associates Inc is committed to fostering meaningful community involvement for individuals with intellectual and developmental disabilities. Their mission is achieved through providing training and employment opportunities, aiming to secure sustained, paid employment and work experience for approximately 150 individuals. This experience may potentially lead to further career development, enabling these individuals to contribute positively to various community, industrial, and business settings.
Official website here: www.cornerstoneassociates.com
Who is the CEO of Cornerstone Associates Inc?
Kenneth Smith is the Executive Di of Cornerstone Associates Inc.
Official website here: www.cornerstoneassociates.com
What is the revenue of Cornerstone Associates Inc?
Cornerstone Associates Inc's revenue in 2021 was $2,320,974.
Official website here: www.cornerstoneassociates.com
Who are the executives of Cornerstone Associates Inc and what are their salaries?
The average compensation at Cornerstone Associates Inc during 2021 was $19,180. There are 55 employees and 11 volunteers at Cornerstone Associates Inc.
Here are 10 key members and their salaries:
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Official website here: www.cornerstoneassociates.com
Where can I find the form 990 for Cornerstone Associates Inc?
Cornerstone Associates Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.cornerstoneassociates.com
Learn more at the official website: www.cornerstoneassociates.com
Mission Statement of Cornerstone Associates Inc
Cornerstone Associates Inc is dedicated to fostering meaningful community involvement for individuals with intellectual and developmental disabilities. Their mission is centered around providing training and employment opportunities, aiming to secure sustained, paid employment and work experiences for approximately 150 individuals in various community, industrial, and business settings. This endeavor may pave the way for further career development for these individuals, enabling them to fully participate in and contribute to their communities.
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Impact
July, 2024
Cornerstone Associates Inc's impact is evident in the meaningful community involvement it creates for people with intellectual and developmental disabilities. By providing training and employment opportunities to approximately 150 individuals in a variety of settings, including community, industrial, and business environments, the organization aims to foster sustained, paid employment and work experience for these individuals. This initiative not only enhances their quality of life by promoting independence and self-sufficiency but also opens doors to further career development opportunities. Through its focused efforts in Corvallis, OR, Cornerstone Associates Inc is making a significant difference in promoting inclusivity and empowerment for individuals with disabilities.
This information is meant to be a general summary of Cornerstone Associates 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 2021.
- Investment Income: $4,834
- Program Service Revenue: $1,711,865
- Gross Receipts: $2,325,611
Assets and Liabilities:
- Total Assets: $2,469,623
- Total Liabilities: $565,676
- Net Assets: $1,903,947
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES
Revenue
$1,157,732
MENTAL HEALTH PROGRAMS
Revenue
$534,586
FEES FOR SERVICE
Revenue
$19,547
Organization Details
Founding Year
1965
Phone
(541) 752-9724Principal Officer
Kenneth Smith
Main Address
1445 SE CRYSTAL LAKE DR, CORVALLIS, OR, 973331203
NTEE Category
Code: J300 - Employment
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