Cornerstone Family Programs
Cornerstone Family Programs: Steady Finances, Strong Local Presence
EIN: 221489900 · Morristown, NJ · NTEE: P40 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $9.4M |
| Total Expenses | $6.8M |
| Program Spending | 75% |
| Net Assets | $8.4M |
| Transparency Score | 75/100 |
Is Cornerstone Family Programs Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cornerstone Family Programs directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cornerstone Family Programs
Cornerstone Family Programs (EIN: 221489900) is a nonprofit organization based in Morristown, NJ, classified under NTEE code P40. The organization reported total revenue of $9.4M and total assets of $10.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornerstone Family Programs's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornerstone Family Programs is a mid-size nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.4M |
| Total Expenses | $6.8M |
| Surplus / Deficit | $-416,550 |
| Total Assets | $9.4M |
| Total Liabilities | $1.0M |
| Net Assets | $8.4M |
| Operating Margin | -6.5% |
| Debt-to-Asset Ratio | 10.8% |
| Months of Reserves | 16.5 months |
Financial Health Grade: B
In 2023, Cornerstone Family Programs reported a deficit of $417K with expenses exceeding revenue, holds 16.5 months of operating reserves (strong position), has a debt-to-asset ratio of 10.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cornerstone Family Programs's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.1% | +16.5% | +3.6% |
| 2022 | -12.0% | +15.0% | -10.2% |
| 2021 | +51.9% | +4.9% | -0.3% |
| 2020 | -11.0% | -1.6% | -0.7% |
| 2019 | +3.5% | +6.9% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cornerstone Family Programs with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Cornerstone Family Programs allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $417K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.8%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific salary figures, as the provided data only includes revenue, expenses, assets, and liabilities.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Cornerstone Family Programs:
- Consistent revenue generation over several years, with 2023 revenue at $6,418,690.
- Healthy asset base, with $9,422,944 in assets as of 2023.
- Long-standing presence in Morristown, NJ, suggesting deep community roots and trust.
- Stable financial position with consistent liabilities around $1,000,000 annually.
Frequently Asked Questions about Cornerstone Family Programs
Is Cornerstone Family Programs a legitimate charity?
Based on AI analysis of IRS 990 filings, Cornerstone Family Programs (EIN: 221489900) appears legitimate. Mission Score: 75/100. 0 red flags identified, 4 strengths noted.
How does Cornerstone Family Programs spend its money?
Cornerstone Family Programs directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cornerstone Family Programs tax-deductible?
Cornerstone Family Programs is registered as a tax-exempt nonprofit (EIN: 221489900). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cornerstone Family Programs's spending goes to programs?
Cornerstone Family Programs directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cornerstone Family Programs compare to similar nonprofits?
With a transparency score of 75/100 (Good), Cornerstone Family Programs is above average for NTEE category P40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cornerstone Family Programs located?
Cornerstone Family Programs is headquartered in Morristown, New Jersey and files with the IRS under EIN 221489900. It is classified under NTEE code P40.
How many years of IRS 990 filings does Cornerstone Family Programs have?
Cornerstone Family Programs has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9.4M in total revenue.
What does Cornerstone Family Programs do?
Cornerstone Family Programs is a nonprofit organization in the Human Services sector, located in Morristown, New Jersey. It is classified under NTEE code P40.
How much revenue does Cornerstone Family Programs have?
Cornerstone Family Programs reported total revenue of $9,377,167. Based on 13 IRS 990 filings on record.
What are Cornerstone Family Programs's total assets?
Cornerstone Family Programs holds total assets of $10,755,290 as reported in IRS 990 filings.
Where is Cornerstone Family Programs located?
Cornerstone Family Programs is based in Morristown, New Jersey.
What is Cornerstone Family Programs's EIN?
Cornerstone Family Programs's Employer Identification Number (EIN) is 221489900. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Cornerstone Family Programs?
Cornerstone Family Programs is classified under NTEE code P40 (Human Services).
Is Cornerstone Family Programs a registered 501(c)(3)?
Yes, Cornerstone Family Programs is recognized as a tax-exempt organization by the IRS. EIN: 221489900.
Does Cornerstone Family Programs file IRS Form 990?
Yes, Cornerstone Family Programs has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Cornerstone Family Programs's revenue in 2023?
In the 202312 filing period, Cornerstone Family Programs reported total revenue of $6,418,690, total expenses of $6,835,240, and net assets of $9,422,944.
Is Cornerstone Family Programs's revenue growing or declining?
Cornerstone Family Programs's revenue is growing. Revenue went from $5,624,542 (202212) to $6,418,690 (202312), a +14.1% change. Based on 13 filings on record.
What is Cornerstone Family Programs's most recent 990 filing?
The most recent IRS Form 990 filing for Cornerstone Family Programs covers tax period 202312. It shows revenue of $6,418,690, expenses of $6,835,240, total assets of $9,422,944, and liabilities of $1,014,802.
How much does Cornerstone Family Programs spend on programs vs administration?
Based on IRS 990 analysis, Cornerstone Family Programs allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Cornerstone Family Programs a trustworthy charity?
Based on AI analysis of IRS 990 data, Cornerstone Family Programs appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 4 strengths noted.
What are Cornerstone Family Programs's strengths?
Positive indicators for Cornerstone Family Programs include: Consistent revenue generation over several years, with 2023 revenue at $6,418,690.. Healthy asset base, with $9,422,944 in assets as of 2023.. Long-standing presence in Morristown, NJ, suggesting deep community roots and trust.. Stable financial position with consistent liabilities around $1,000,000 annually.. These findings are derived from AI analysis of the organization's financial filings.
How does Cornerstone Family Programs compensate executives?
Executive compensation cannot be assessed without specific salary figures, as the provided data only includes revenue, expenses, assets, and liabilities. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Cornerstone Family Programs manage to maintain a relatively stable asset base despite fluctuations in annual revenue and expenses?
The consistent asset base, hovering around $9-10 million, suggests effective long-term financial planning and investment strategies that buffer against yearly operational variances in revenue and expenses.
What specific programs or services contribute most to Cornerstone Family Programs' consistent revenue streams, given the 'P40' National Taxonomy code?
While the data doesn't detail specific programs, the 'P40' code (Human Services - Family Services) indicates a focus on family-oriented services, which likely form the core of their consistent revenue, possibly through grants, donations, or service fees related to these programs.
Filing History
IRS 990 filing history for Cornerstone Family Programs showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cornerstone Family Programs's revenue has grown by 103.4%, moving from $3.2M to $6.4M. Total assets increased by 14.3% over the same period, from $8.2M to $9.4M. Total functional expenses rose by 95%, from $3.5M to $6.8M. In its most recent filing year (2023), Cornerstone Family Programs reported a deficit of $417K, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $9.4M in assets (debt-to-asset ratio: 10.8%), resulting in net assets of $8.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.4M | $6.8M | $9.4M | $1.0M | — | — |
| 2022 | $5.6M | $5.9M | $9.1M | $1.0M | — | View 990 |
| 2021 | $6.4M | $5.1M | $10.1M | $789K | — | View 990 |
| 2020 | $4.2M | $4.9M | $10.2M | $1.6M | — | — |
| 2019 | $4.7M | $4.9M | $10.2M | $948K | — | View 990 |
| 2018 | $4.6M | $4.6M | $10.0M | $891K | — | View 990 |
| 2017 | $5.3M | $5.4M | $10.5M | $995K | — | View 990 |
| 2016 | $5.4M | $5.5M | $10.6M | $1.1M | — | View 990 |
| 2015 | $5.2M | $5.8M | $10.6M | $1.1M | — | View 990 |
| 2014 | $6.0M | $6.5M | $11.6M | $1.3M | — | View 990 |
| 2013 | $5.2M | $5.6M | $12.3M | $1.1M | — | View 990 |
| 2012 | $3.7M | $3.5M | $8.5M | $148K | — | View 990 |
| 2011 | $3.2M | $3.5M | $8.2M | $174K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.4M, expenses of $6.8M, and assets of $9.4M (revenue +14.1% year-over-year).
- 2022: Revenue of $5.6M, expenses of $5.9M, and assets of $9.1M (revenue -12.0% year-over-year).
- 2021: Revenue of $6.4M, expenses of $5.1M, and assets of $10.1M (revenue +51.9% year-over-year).
- 2020: Revenue of $4.2M, expenses of $4.9M, and assets of $10.2M (revenue -11.0% year-over-year).
- 2019: Revenue of $4.7M, expenses of $4.9M, and assets of $10.2M (revenue +3.5% year-over-year).
- 2018: Revenue of $4.6M, expenses of $4.6M, and assets of $10.0M (revenue -13.3% year-over-year).
- 2017: Revenue of $5.3M, expenses of $5.4M, and assets of $10.5M (revenue -2.2% year-over-year).
- 2016: Revenue of $5.4M, expenses of $5.5M, and assets of $10.6M (revenue +2.7% year-over-year).
- 2015: Revenue of $5.2M, expenses of $5.8M, and assets of $10.6M (revenue -12.0% year-over-year).
- 2014: Revenue of $6.0M, expenses of $6.5M, and assets of $11.6M (revenue +15.3% year-over-year).
- 2013: Revenue of $5.2M, expenses of $5.6M, and assets of $12.3M (revenue +39.5% year-over-year).
- 2012: Revenue of $3.7M, expenses of $3.5M, and assets of $8.5M (revenue +17.5% year-over-year).
- 2011: Revenue of $3.2M, expenses of $3.5M, and assets of $8.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornerstone Family Programs:
Data Sources and Methodology
This transparency report for Cornerstone Family Programs is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.