Family Cornerstones Inc
EIN: 621790686 · Cleveland, TN · NTEE: A70
| Metric | Value |
|---|---|
| Total Revenue | $238K |
| Total Expenses | $164K |
| Net Assets | $28K |
Is Family Cornerstones Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Family Cornerstones Inc
Family Cornerstones Inc (EIN: 621790686) is a nonprofit organization based in Cleveland, TN, classified under NTEE code A70. The organization reported total revenue of $238K and total assets of $57K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Cornerstones Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Family Cornerstones Inc is a small nonprofit that has been operating for 26 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $188K |
| Total Expenses | $164K |
| Surplus / Deficit | +$25K |
| Total Assets | $28K |
| Net Assets | $28K |
| Operating Margin | 13.1% |
| Months of Reserves | 2.1 months |
Financial Health Grade: A
In 2023, Family Cornerstones Inc reported a surplus of $25K with revenue exceeding expenses, holds 2.1 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2023), Family Cornerstones Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +53.2% | +28.0% | — |
| 2021 | +34.3% | -4.8% | -100.0% |
| 2020 | -43.2% | -31.4% | +15.9% |
| 2019 | -23.0% | -20.0% | -20.3% |
| 2018 | -26.0% | +0.9% | -75.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Family Cornerstones Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Family Cornerstones Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
Frequently Asked Questions about Family Cornerstones Inc
Is Family Cornerstones Inc a legitimate charity?
Family Cornerstones Inc (EIN: 621790686) is a registered tax-exempt nonprofit based in Tennessee. It has 12 years of IRS 990 filings on record. Total revenue: $238K. No red flags identified. Financial health grade: A.
How does Family Cornerstones Inc spend its money?
Family Cornerstones Inc reported $238K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Family Cornerstones Inc tax-deductible?
Family Cornerstones Inc is registered as a tax-exempt nonprofit (EIN: 621790686). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Family Cornerstones Inc located?
Family Cornerstones Inc is headquartered in Cleveland, Tennessee and files with the IRS under EIN 621790686. It is classified under NTEE code A70.
How many years of IRS 990 filings does Family Cornerstones Inc have?
Family Cornerstones Inc has 12 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 $238K in total revenue.
Filing History
IRS 990 filing history for Family Cornerstones Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Family Cornerstones Inc's revenue has declined by 28.2%, moving from $262K to $188K. Total assets decreased by 68.3% over the same period, from $88K to $28K. Total functional expenses fell by 38.8%, from $267K to $164K. In its most recent filing year (2023), Family Cornerstones Inc reported a surplus of $25K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $188K | $164K | $28K | $0 | — | — |
| 2021 | $123K | $128K | $0 | $40K | — | View 990 |
| 2020 | $91K | $134K | $10K | $80K | — | — |
| 2019 | $161K | $196K | $9K | $36K | — | View 990 |
| 2018 | $209K | $245K | $11K | $3K | — | View 990 |
| 2017 | $282K | $243K | $44K | $650 | — | View 990 |
| 2016 | $249K | $262K | $57K | $53K | — | View 990 |
| 2015 | $259K | $244K | $47K | $30K | — | View 990 |
| 2014 | $270K | $271K | $38K | $36K | — | View 990 |
| 2013 | $259K | $284K | $25K | $22K | — | View 990 |
| 2012 | $297K | $281K | $93K | $64K | — | View 990 |
| 2011 | $262K | $267K | $88K | $75K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $188K, expenses of $164K, and assets of $28K (revenue +53.2% year-over-year).
- 2021: Revenue of $123K, expenses of $128K, and assets of $0 (revenue +34.3% year-over-year).
- 2020: Revenue of $91K, expenses of $134K, and assets of $10K (revenue -43.2% year-over-year).
- 2019: Revenue of $161K, expenses of $196K, and assets of $9K (revenue -23.0% year-over-year).
- 2018: Revenue of $209K, expenses of $245K, and assets of $11K (revenue -26.0% year-over-year).
- 2017: Revenue of $282K, expenses of $243K, and assets of $44K (revenue +13.4% year-over-year).
- 2016: Revenue of $249K, expenses of $262K, and assets of $57K (revenue -3.9% year-over-year).
- 2015: Revenue of $259K, expenses of $244K, and assets of $47K (revenue -4.1% year-over-year).
- 2014: Revenue of $270K, expenses of $271K, and assets of $38K (revenue +4.1% year-over-year).
- 2013: Revenue of $259K, expenses of $284K, and assets of $25K (revenue -12.6% year-over-year).
- 2012: Revenue of $297K, expenses of $281K, and assets of $93K (revenue +13.2% year-over-year).
- 2011: Revenue of $262K, expenses of $267K, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Family Cornerstones Inc:
Data Sources and Methodology
This transparency report for Family Cornerstones Inc 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.