Cornerstone Center for Early Learning INC

Tax-deductible

Saint Louis, MO501(c)(3)EIN 43-0923158Revenue $3.6M in FY2024

On file with the IRScornerstonecenterstl.org3901 Russell Blvd, 63110-3709 · Saint Louis, MOTax-exempt since Oct 1970Publicly supported — 509(a)(2)

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Our purpose is to provide the finest care and education for children who live in st. Louis' near south side neighborhood.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 133 volunteers and 65 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $391K a year · 13% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$139K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $275K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.0M
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.6M
+0.5% vs prior year
Spent
$3.5M
To programs
79%
Net assets
$4.6M
By yearFY2020–FY2024
Revenue
$3.6M
FY2024▲ +0.5%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$2.8M
FY2022$3.2M
FY2023$3.6M
FY2024$3.6M
Expenses
$3.5M
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$2.2M
FY2022$2.5M
FY2023$3.1M
FY2024$3.5M
Net assets
$4.6M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.7M
FY2021$3.2M
FY2022$3.9M
FY2023$4.5M
FY2024$4.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1970.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $2.8M Management & general 14% · $486K Fundraising 7% · $246K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $139K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$139,394Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Karen Lucy$139,394$145,826$132,097$119,224$84,985
Jerry Ehrlich————$19,618

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides fine care and education for children in St. Louis' near South Side.

Questions for Cornerstone Center for Early Learning INC

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Provided by the organization

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1 program · $2.8M · in their own filed words · FY2024
01

Day care center licensed & accredited by the state of missouri to provide comprehensive, high quality child development programs for young children.

$2.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 11 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.6M
Ln 12
Gifts and grantsLn 1h$2.5M
Fees for servicesLn 2g$894K
Investment incomeLn 3$112K
Money outPt IX
$3.5M
Ln 25
Programscol B$2.8M
Managementcol C$486K
Fundraisingcol D$246K
Owns and owesPt X
$4.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$5.6M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.5M
Government grantsLn 1e$1.8M
Fundraising eventsLn 1c$75K
Fees for servicesLn 2g$894K
Investment incomeLn 3$112K
Other incomeLn 4–11$107K
Total revenueLn 12$3.6M
Assets in detailPt X, end of year
CashLn 1$1.7M
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$2.0M
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$5.6M
LiabilitiesLn 26$1.0M
Net assetsLn 32$4.6M
OperationsPt I, VI
EmployeesI 565
VolunteersI 6133
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.1M$1.7M
InvestmentsLn 11–13$2.5M$2.0M
Land, buildings, equipmentLn 10c$1.6M$1.5M
Total assetsLn 16$6.5M$5.6M
LiabilitiesLn 26$2.0M$1.0M
Net assetsLn 32$4.5M$4.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$141K$111K$18K$12K
Other salaries and wagesLn 7$2.0M$1.6M$253K$172K
Other employee benefitsLn 9$299K$236K$37K$25K
Payroll taxesLn 10$177K$140K$22K$15K
Accounting feesLn 11c$24K$20K$4K
Other fees for servicesLn 11g$60K$51K$9K
Office expensesLn 13$17K$13K$4K$418
OccupancyLn 16$260K$221K$32K$6K
Conferences, conventions and meetingsLn 19$18K$17K$2K
InterestLn 20$41K$31K$9K$1K
Depreciation, depletion and amortizationLn 22$116K$87K$26K$3K
InsuranceLn 23$57K$48K$7K$1K
Other expenses (24a–d)Ln 24$289K$217K$63K$10K
All other expensesLn 24e$2K$2K$413
Total functional expensesLn 25$3.5M$2.8M$486K$246K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.6M$3.5M$96K$4.6M 990 PDF
FY2023 $3.6M$3.1M$525K$4.5M 990 PDF
FY2022 $3.2M$2.5M$670K$3.9M 990 PDF
FY2021 $2.8M$2.2M$596K$3.2M 990 PDF
FY2020 $2.2M$2.2M$66K$2.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $3,620,463 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,703,995$2,507,699
I-9 Program service revenuePrior year $715,971$893,893
I-10 Investment incomePrior year $93,568$111,520
I-11 Other revenuePrior year $88,670$107,351
I-12 Total revenuePrior year $3,602,204$3,620,463
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,294,640$2,640,491
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $782,146$883,730
I-18 Total expensesPrior year $3,076,786$3,524,221
I-19 Revenue less expensesPrior year $525,418$96,242
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,620,463 across 10 lines filed
VIII-1a Federated campaigns$173,483
VIII-1c Fundraising events$75,352
VIII-1e Government grants$1,829,305
VIII-1f All other contributions, gifts and grants$429,559
VIII-1h Total contributions, gifts and grants$2,507,699
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $893,893$893,893
VIII-3 Investment incomeExcluded from tax $111,520$111,520
VIII-8 Net income from fundraising eventsExcluded from tax $97,107$97,107
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $10,244$10,244
VIII-12 Total revenueRelated to mission $893,893 · Unrelated business $0 · Excluded from tax $218,871$3,620,463
Part IX · Statement of functional expenses $3,524,221 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $111,381 · Management $17,623 · Fundraising $11,984$140,988
IX-7 Other salaries and wagesPrograms $1,598,539 · Management $252,933 · Fundraising $171,995$2,023,467
IX-9 Other employee benefitsPrograms $236,108 · Management $37,358 · Fundraising $25,404$298,870
IX-10 Payroll taxesPrograms $139,961 · Management $22,146 · Fundraising $15,059$177,166
IX-11c Accounting feesPrograms $20,162 · Management $3,558$23,720
IX-11g Other fees for servicesPrograms $50,992 · Management $8,999$59,991
IX-13 Office expensesPrograms $12,549 · Management $3,765 · Fundraising $418$16,732
IX-16 OccupancyPrograms $220,925 · Management $32,489 · Fundraising $6,498$259,912
IX-19 Conferences, conventions and meetingsPrograms $16,564 · Management $1,840$18,404
IX-20 InterestPrograms $30,678 · Management $9,203 · Fundraising $1,023$40,904
IX-22 Depreciation, depletion and amortizationPrograms $86,822 · Management $26,047 · Fundraising $2,894$115,763
IX-23 InsurancePrograms $48,350 · Management $7,110 · Fundraising $1,422$56,882
IX-24 Other expenses (24a–d)Programs $216,912 · Management $62,667 · Fundraising $9,777$289,356
IX-24e All other expensesPrograms $1,653 · Management $413$2,066
IX-25 Total functional expensesPrograms $2,791,596 · Management $486,151 · Fundraising $246,474$3,524,221
Part X · Balance sheet $5,586,044 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $2,051,689$1,693,342
X-4 Accounts receivableStart of year $307,142$413,848
X-9 Prepaid expenses and deferred chargesStart of year $41,294$41,773
X-10c Land, buildings and equipment, netStart of year $1,551,027$1,469,096
X-11 Publicly traded securitiesStart of year $2,548,418$1,967,985
X-16 Total assetsStart of year $6,499,570$5,586,044
X-17 Accounts payable and accrued expensesStart of year $82,650$123,843
X-26 Total liabilitiesStart of year $2,047,378$1,021,656
X-27 Net assets without donor restrictionsStart of year $4,171,241$4,269,871
X-28 Net assets with donor restrictionsStart of year $280,951$294,517
X-32 Total net assets or fund balancesStart of year $4,452,192$4,564,388
X-33 Total liabilities and net assetsStart of year $6,499,570$5,586,044
Part XI · Reconciliation of net assets $4,564,388 net assets at year end
XI-1 Total revenue$3,620,463
XI-2 Total expenses$3,524,221
XI-3 Revenue less expenses$96,242
XI-4 Net assets at start of year$4,452,192
XI-5 Net unrealized gains (losses) on investments$15,954
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,564,388

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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