Cornerstone Family Programs FY2023 filing
Empowering individuals to improve their lives and strengthen communities. For fiscal year 2023 it reported $6.4M in revenue, $6.8M in expenses, and $8.4M in net assets.Pt I
- Founded
- 1813
- Type
- Public charity (501(c)(3)) · Human Services
- Location
- Morristown, NJ
- Filings
- 5 on file (2020–2023)
More identity details & actions ⌄
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Summary of the Filing
Where the work happens
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 and other sports) and the arts (violin, dance and other visual and performing…
Programs for Seniors
We provide support through our social adult day care to seniors and their caregivers. Seniors gain a safe place to socialize and avoid isolation while participating in enriching activities while caregivers have peace of mind while they go to work or run ERRANDS.DURING 2023, over 96 seniors participated in these programs.
Programs for Adults
We provide support through our operation sisterhood female veterans program, friends of the blind, and hope for the holidays program. Our goal is to increase education and employment opportunities, improve parenting and communications skills, and enhance military veterans and their families' well-being and smooth integration as they…
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| 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
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 85% | — | — |
| Overhead ratio | 9% | — | — |
| Fundraising cost ratio | 10% | — | — |
| Revenue growth | 14% | — | — |
| Investment management fee ratio | 0.3% | — | — |
| Accounting fee ratio | 0.5% | — | — |
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
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Filings & Schedule Manifest
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Sources
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