To provide young children ages 6 weeks through 5 years old with Development and educational activities and learning experiences.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$216K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $150K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$216K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$524K
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+27% vs prior year
Spent
$2.1M
To programs
100%
Net assets
$569K
By yearFY2021–FY2025
Revenue
$2.3M
FY2022▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.8M
FY2022$2.3M
FY2023$2.4M
FY2024$2.4M
FY2025$2.2M
Expenses
$2.1M
FY2022▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.6M
FY2022$2.1M
FY2023$2.1M
FY2024$2.2M
FY2025$2.3M
Net assets
$569K
FY2022▲ +58%
Tap a bar for its year
Net assets by fiscal year
FY2021$359K
FY2022$569K
FY2023$880K
FY2024$1.0M
FY2025$863K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2005.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $2.1M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $216K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Direc
$115,250Pt VII · Sec A
Assistant Director
$55,473Pt VII · Sec A
Assistant Director
$44,824Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Bridget Yates$137,628$136,524$121,883$115,250$99,613
Sandy Bertke$68,870$68,159$60,604——
Sandy Betke———$55,473—
Kim Cox———$44,824—

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.

See Cornerstone Child Development Center INC executive salaries →

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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

Offers young children developmental and educational activities and learning experiences.

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Provided by the organization

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1 program · $2.1M · in their own filed words · FY2021
01

Provided children with developmental and educational activities and learning experiences.

$2.1Mprogram 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
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Fees for servicesLn 2g$1.6M
Gifts and grantsLn 1h$643K
Other incomeLn 4–11$862
Money outPt IX
$2.1M
Ln 25
Programscol B$2.1M
Owns and owesPt X
$569K
net assets · Ln 32
Cash and savingsLn 1–2$948K
Total assetsLn 16$1.1M
LiabilitiesLn 26$524K
PeoplePt VI, VII
17
listed · VII A
PaidVII A3
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$643K
Government grantsLn 1e$331K
Fees for servicesLn 2g$1.6M
Other incomeLn 4–11$862
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$948K
Cash and savings togetherLn 1–2$948K
Land, buildings, equipmentLn 10c$144K
Total assetsLn 16$1.1M
LiabilitiesLn 26$524K
Net assetsLn 32$569K
OperationsPt I, VI
EmployeesI 573
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$655K$948K
Land, buildings, equipmentLn 10c$154K$144K
Total assetsLn 16$812K$1.1M
LiabilitiesLn 26$453K$524K
Net assetsLn 32$359K$569K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$216K$216K
Other salaries and wagesLn 7$1.2M$1.2M
Other employee benefitsLn 9$97K$97K
Payroll taxesLn 10$101K$101K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$219$219
OccupancyLn 16$220K$220K
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$206K$206K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$2.1M$2.1M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.2M$2.3M−$142K$863K 990 PDF
FY2024 $2.4M$2.2M$126K$1.0M 990 PDF
FY2023 $2.4M$2.1M$310K$880K 990 PDF
FY2022 Viewing $2.3M$2.1M$210K$569K 990 PDF
FY2021 $1.8M$1.6M$246K$359K 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 FY2022 990 (6 parts)
Part I · Summary $2,277,241 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $279,281$643,087
I-9 Program service revenuePrior year $1,520,813$1,633,292
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $54$862
I-12 Total revenuePrior year $1,800,148$2,277,241
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 $1,131,792$1,603,349
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $422,604$463,926
I-18 Total expensesPrior year $1,554,396$2,067,275
I-19 Revenue less expensesPrior year $245,752$209,966
Part VI · Governance 17 of 17 board members independent, 2 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,277,241 across 6 lines filed
VIII-1e Government grants$330,679
VIII-1f All other contributions, gifts and grants$312,408
VIII-1h Total contributions, gifts and grants$643,087
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,633,292$1,633,292
VIII-8 Net income from fundraising eventsExcluded from tax $862$862
VIII-12 Total revenueRelated to mission $1,633,292 · Unrelated business $0 · Excluded from tax $862$2,277,241
Part IX · Statement of functional expenses $2,067,275 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $215,547$215,547
IX-7 Other salaries and wagesPrograms $1,189,608$1,189,608
IX-9 Other employee benefitsPrograms $96,793$96,793
IX-10 Payroll taxesPrograms $101,401$101,401
IX-11c Accounting feesPrograms $3,206$3,206
IX-12 Advertising and promotionPrograms $219$219
IX-16 OccupancyPrograms $220,173$220,173
IX-22 Depreciation, depletion and amortizationPrograms $12,906$12,906
IX-23 InsurancePrograms $16,246$16,246
IX-24 Other expenses (24a–d)Programs $206,260$206,260
IX-24e All other expensesPrograms $4,916$4,916
IX-25 Total functional expensesPrograms $2,067,275 · Management $0 · Fundraising $0$2,067,275
Part X · Balance sheet $1,092,916 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $654,861$947,807
X-4 Accounts receivableStart of year $2,180$0
X-9 Prepaid expenses and deferred chargesStart of year $925$900
X-10c Land, buildings and equipment, netStart of year $153,812$144,209
X-16 Total assetsStart of year $811,778$1,092,916
X-17 Accounts payable and accrued expensesStart of year $56,384$23,718
X-24 Unsecured notes and loans payableStart of year $396,162$500,000
X-26 Total liabilitiesStart of year $452,546$523,718
X-32 Total net assets or fund balancesStart of year $359,232$569,198
X-33 Total liabilities and net assetsStart of year $811,778$1,092,916
Part XI · Reconciliation of net assets $569,198 net assets at year end
XI-1 Total revenue$2,277,241
XI-2 Total expenses$2,067,275
XI-3 Revenue less expenses$209,966
XI-4 Net assets at start of year$359,232
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$569,198

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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