Cornerstone Life Development INC EIN 20-2705124 Form 990 (PDF) Claim this org

Cornerstone Life Development INC FY2022 filing

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Guides teens in life skills, career choices, and decision-making. For fiscal year 2022 it reported $86K in revenue, $56K in expenses, and $479K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Syracuse, NY
Filings
6 on file (2020–2022)
Revenue
$86KFY2022
Expenses
$56K
Net assets
$479K
People
7
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-2705124 Public charity (501(c)(3)) Syracuse, NY
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Guides teens in life skills, career choices, and decision-making.
Leadership
Wayne Wager · Board Member
Money in and out
$86K revenue, $56K expenses
Bottom line
100% program efficiency
Where the money goes · FY2022
Total revenue
$86K
Pt VIII · Ln 12
Total expenses
$56K
Pt IX · Ln 25
Net assets
$479K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $30K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
11.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+35%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$86K
FY2022▲ +78%
Expenses
$56K
FY2022▲ +2%
Total assets
$479K
FY2022▲ +7%
Total liabilities
$0
FY2022
Total revenue
$86K
Pt VIII · Ln 12
Total expenses
$56K
Pt IX · Ln 25
Net assets
$479K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$30K
Total assetsPt X · Ln 16$479K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $56K of program spending, described in the organization's own filed words · FY2021.
01

Provide counsel, help, and direction to approximately 100 teenaged students in people skills, career choices, and life decisions

$56Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCornerstone Life Development INC
EINHdr · item D20-2705124
Principal addressHdr · item CSyracuse, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFSep 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$66K · 77%
Other revenue$20K · 23%
Contributions & grants77%$66K
Other revenue23%$20K
Total revenueLn 12$86K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$56K
Total functional expensesLn 25$56K

Balance Sheet

Part X · end of year
CashLn 1$29K
Total assetsLn 16$479K
Total liabilitiesLn 26$0
Total net assetsLn 32$479K
Months of cash on handcomputed6.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $29K · Operating expenses (Pt IX) $56K · Less non-cash grants $25K · Cash operating expenses/yr $31K
11.4 months
Where the money goes
Program services
Program services $56K · Total expenses $56K
100%
Management & General
Management & general $0 · Total expenses $56K
0%
Fundraising
Fundraising $0 · Total expenses $56K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $59K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $66K · Total revenue $86K
77%
Government reliance
Government grants $0 · Total revenue $86K
0%
Earned-income share
Program service revenue $0 · Total revenue $86K
0%
Investment reliance
Investment income $0 · Total revenue $86K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $56K
0%
Growth & trend
Revenue growth (YoY)
This year $86K · Prior year $48K
+78%
Net-asset trend (YoY)
End of year $479K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $86K · Expenses $56K
+35%
Liabilities-to-Assets
Total liabilities — · Total assets $479K
Net-asset ratio
Net assets $479K · Total assets $479K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $479K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Wayne Wager · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $56K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $56K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 78%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$18K revenue · ⤓ 990 PDF
FY2024$16K revenue · ⤓ 990 PDF
FY2023$74K revenue · ⤓ 990 PDF
FY2022$86K revenue · viewing · ⤓ 990 PDF
FY2021$48K revenue · ⤓ 990 PDF
FY2020$71K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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