Cornerstone Family Programs EIN 22-1489900

Cornerstone Family Programs

EIN  22-1489900 Public charity (501(c)(3)) Morristown, NJ Founded 1813
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/17/26 · see original filing: IRS
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Size
$1–10M
What they do
Empowering individuals to improve their lives and strengthen communities.
Leadership
Patrice Picard · CEO · $174K
Money in and out
$7.1M revenue, $7.5M expenses
Bottom line
86% program efficiency

Empowering individuals to improve their lives and strengthen communities. For fiscal year 2024 it reported $7.1M in revenue, $7.5M in expenses, and $8.6M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$7.1M
Pt VIII · Ln 12
Total expenses
$7.5M
Pt IX · Ln 25
Net assets
$8.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$414K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.08 Fundraising $0.05
Program efficiency
86%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
10.7mo
months of highly liquid reserves at operating expense rate▼ -4% vs prior filing year
Surplus margin
-6%
revenue over expenses, this year▲ +10% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$7.1M
FY2024▲ +11%
Expenses
$7.5M
FY2024▲ +10%
Total assets
$10.8M
FY2024▲ +14%
Total liabilities
$2.1M
FY2024▲ +112%
Total revenue
$7.1M
Pt VIII · Ln 12
Total expenses
$7.5M
Pt IX · Ln 25
Net assets
$8.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$414K
Total assetsPt X · Ln 16$10.8M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 322
Independent voting membersPt I · Ln 422
Mission & Programs · Part III

Where the work happens

3 program services account for $6.5M of program spending, described in the organization's own filed words · FY2024.
01

Programs for Children

We offer quality pre-school education, BEFORE/AFTER school, summer camp, and teen work-force programs, as well as programs to improve the physical and emotional health and social development of children through mentoring, recreation (basketball, soccer, other sports, and youth night) and the arts (violin, dance and other visual and…

$5.6Mprogram expense
02

Programs for Seniors

Our social adult day care center provides support and socialization to seniors while giving caregivers respite and peace of mind. During 2024, over 70 seniors participated in these programs.

$821Kprogram expense
03

Programs for Adults

Through open gym and core and cardio we helped adults stay active and encouraged a healthy lifestyle. Other community wide events including mother's day brunch, game night, and book club provided opportunities for socialization.

$103Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCornerstone Family Programs
EINHdr · item D22-1489900
Principal addressHdr · item CMorristown, NJ
Year of formationHdr · item L1813
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P40)
Ruling yearIRS BMFDec 1942

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a22
Independent voting membersPt VI · Ln 1b22
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$173,641Pt VII · Sec A
$116,620Pt VII · Sec A
Director of Development
$106,620Pt VII · Sec A
Vice President, Programs
$105,455Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Patrice Picard’s $174K as CEO is at the 83rd percentile of top reported officer pay among 3863 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Patrice Picard$173,641$173,721$170,201$175,000
Garfield Grant$78,295$122,500
Cole Jordan$116,620$119,115$34,400
Gwenn Heller-Dellapelle$106,620$107,317$108,618$115,000
Jacquelyn Looby$105,455$106,933
Ayo Sanderson Wilson$67,692

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$4.4M · 61%
Program service revenue$2.7M · 38%
Investment income$96K · 1%
Contributions & grants61%$4.4M
Program service revenue38%$2.7M
Investment income1%$96K
— government grantsLn 1e$2.8M
Total revenueLn 12$7.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.08 Fundraising $0.05
Program services86%$6.5M
Management & general8%$615K
Fundraising5%$410K
Total functional expensesLn 25$7.5M

Balance Sheet

Part X · end of year
CashLn 1$897K
Total assetsLn 16$10.8M
Total liabilitiesLn 26$2.1M
Total net assetsLn 32$8.6M
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.6M · Operating expenses (Pt IX) $7.5M · Less non-cash grants $126K · Cash operating expenses/yr $7.4M
10.7 months
Where the money goes
Program services
Program services $6.5M · Total expenses $7.5M
86%
Management & General
Management & general $615K · Total expenses $7.5M
8%
Fundraising
Fundraising $410K · Total expenses $7.5M
5%
Cost to raise $1
Fundraising expense (3-yr avg) $379K · Solicited contributions (3-yr avg) $1.5M
$0.25 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.4M · Total revenue $7.1M
61%
Government reliance
Government grants $2.8M · Total revenue $7.1M
40%
Earned-income share
Program service revenue $2.7M · Total revenue $7.1M
38%
Investment reliance
Investment income $96K · Total revenue $7.1M
+1%
Program self-sufficiency
Program service revenue $2.7M · Total expenses $7.5M
36%
Growth & trend
Revenue growth (YoY)
This year $7.1M · Prior year $6.4M
+11%
Revenue CAGR
FY2020 $4.2M · FY2024 $7.1M
+14%
Net-asset trend (YoY)
End of year $8.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $7.1M · Expenses $7.5M
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $10.8M
Net-asset ratio
Net assets $8.6M · Total assets $10.8M
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.7M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $10.8M
53%
People & payroll
Highest Reported Total Compensation
Individual Patrice Picard · Reported title CEO · Highest reported compensation $174K · Total expenses $7.5M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $5.7M · Total expenses $7.5M
76%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 8%
Fundraising cost ratio 9%
Revenue growth 11%
Investment management fee ratio 0%
Accounting fee ratio 1%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 24 funders →
Grants paid · 1 grant · $6K · 2020–2020
Unitemized GrantFY2020$5,754

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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
FY2024 (Latest)$7.1M revenue · viewing · ⤓ 990 PDF
FY2023$6.4M revenue · ⤓ 990 PDF
FY2022$5.6M revenue · ⤓ 990 PDF
FY2021$6.4M revenue · ⤓ 990 PDF
FY2020$4.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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