Cornerstone for Hope FY2024 filing

Tax-deductible

Oaks, PA501(c)(3)Since 2016Mental HealthEIN 81-3354850Revenue $223K in FY2024

On file with the IRScornerstoneforhope.org1310 Egypt Rd Unit 177, 19456-1306 · Oaks, PATax-exempt since Aug 2016Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Cornerstone for Hope is to enhance the quality of life for young men and women battling the disease of addiction. Cornerstone supports individuals and communities in recovery. Cornerstone offers scholarships, community & professional education, and community activism.

501(c)(3) charity; gifts are tax-deductible.
44¢ of each $1 spent went to programs.
$52K 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

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
0 of 3
filings with a surplus
Average deficit $28K a year · 12% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
44%
of spending
Concern: 44% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$52K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $142K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 8 voting members
Looks good: 6 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$223K
-2% vs prior year
Spent
$268K
To programs
44%
Net assets
$82K
By yearFY2021–FY2024
Revenue
$223K
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2021$94K
FY2022$237K
FY2023$226K
FY2024$223K
FY2024$345K
Expenses
$268K
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$255K
FY2023$248K
FY2024$268K
FY2024$259K
Net assets
$82K
FY2024▼ -36%
Tap a bar for its year
Net assets by fiscal year
FY2021$166K
FY2022$148K
FY2023$127K
FY2024$82K
FY2024$167K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2016.

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

Where the money goes

44 cents of each dollar spent went to programs.

Program services 44% · $118K Management & general 45% · $121K Fundraising 11% · $29K

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

9 people listed on the 990; $52K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director
$52,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer - P
$0Pt VII · Sec A

George Hall’s $52K as Director-P is at the 38th percentile of top reported officer pay among 2094 $100K–1M mental health 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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022
George Hall$52,000$52,000$54,000$38,000
Darek Raguza - P———$20,377
Linda M Kunze - P———$15,000

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Teaches job skills and offers support for recovery and independence.

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Provided by the organization

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2 programs · $118K · in their own filed words · FY2023
01

Recovery worx program aims to help those in early recovery from addiction acquire interpersonal skills that will help them keep future jobs. The program offers computer training skills, vocational training through woodshop work, behavioral health issue resources, and hosting support groups.

$89Kprogram expense
02

To enhance the quality of life for young men and women battling the disease of addiction.

$29Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$142K
Grants paid · 3 grants · $54K · 2021–2023
Manor of HopeFY2023$21,000
Manor of HopeFY2022$21,000
Synergy HousesFY2021$11,642

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$223K
Ln 12
Gifts and grantsLn 1h$192K
Fees for servicesLn 2g$20K
Other incomeLn 4–11$11K
Money outPt IX
$268K
Ln 25
Programscol B$118K
Managementcol C$121K
Fundraisingcol D$29K
Owns and owesPt X
$82K
net assets · Ln 32
Cash and savingsLn 1–2$67K
Total assetsLn 16$83K
LiabilitiesLn 26$1K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$192K
Noncash giftsLn 1g$7K
Fees for servicesLn 2g$20K
Investment incomeLn 3$45
Other incomeLn 4–11$11K
Gains on assetsLn 7$0
Total revenueLn 12$223K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$67K
Cash and savings togetherLn 1–2$67K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$16K
Other assetsLn 15$0
Total assetsLn 16$83K
LiabilitiesLn 26$1K
Net assetsLn 32$82K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$125K$67K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2K$16K
Total assetsLn 16$127K$83K
LiabilitiesLn 26$0$1K
Net assetsLn 32$127K$82K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$21K$21K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$52K$13K$26K$13K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$56K$14K$28K$14K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$6K$6K
Payroll taxesLn 10$5K$1K$3K$1K
Management feesLn 11a$0
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$9K$9K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$12K$6K$6K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$10K$10K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$35K$35K
TravelLn 17$199$199
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$35K$25K$10K
All other expensesLn 24e$6K$1K$4K$649
Total functional expensesLn 25$268K$118K$121K$29K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $223K$268K−$45K$82K 990 PDF
FY2023 $226K$248K−$21K$127K 990 PDF
FY2022 $237K$255K−$18K$148K 990 PDF
FY2021 $94K$166K 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 $222,640 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $230,781$191,545
I-9 Program service revenue$20,105
I-10 Investment incomePrior year $64$45
I-11 Other revenuePrior year −$4,600$10,945
I-12 Total revenuePrior year $226,245$222,640
I-13 Grants and similar amounts paidPrior year $21,000$21,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $112,647$119,135
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $113,944$127,739
I-18 Total expensesPrior year $247,591$267,874
I-19 Revenue less expensesPrior year −$21,346−$45,234
Part VI · Governance 6 of 8 board members independent, 5 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $222,640 across 11 lines filed
VIII-1f All other contributions, gifts and grants$191,545
VIII-1g Noncash contributions (included above)$6,890
VIII-1h Total contributions, gifts and grants$191,545
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,105$20,105
VIII-3 Investment incomeExcluded from tax $45$45
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$8,883
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,062$2,062
VIII-12 Total revenueRelated to mission $20,105 · Excluded from tax $2,107$222,640
Part IX · Statement of functional expenses $267,874 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $21,000$21,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $13,000 · Management $26,000 · Fundraising $13,000$52,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $14,051 · Management $28,102 · Fundraising $14,051$56,204
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsManagement $5,895$5,895
IX-10 Payroll taxesPrograms $1,259 · Management $2,518 · Fundraising $1,259$5,036
IX-11a Management fees$0
IX-11b Legal feesManagement $1,486$1,486
IX-11c Accounting feesManagement $8,728$8,728
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $5,898 · Management $5,898$11,796
IX-12 Advertising and promotionManagement $9,950$9,950
IX-13 Office expensesManagement $9,683$9,683
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $35,480$35,480
IX-17 TravelPrograms $199$199
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $3,062$3,062
IX-23 InsuranceManagement $5,679$5,679
IX-24 Other expenses (24a–d)Programs $25,319 · Management $10,165$35,484
IX-24e All other expensesPrograms $1,445 · Management $4,098 · Fundraising $649$6,192
IX-25 Total functional expensesPrograms $117,651 · Management $121,264 · Fundraising $28,959$267,874
Part X · Balance sheet $82,946 assets, 18 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $124,953$67,013
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $2,044$15,933
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $126,997$82,946
X-17 Accounts payable and accrued expenses$1,183
X-26 Total liabilitiesStart of year $0$1,183
X-27 Net assets without donor restrictionsStart of year $126,997$81,763
X-32 Total net assets or fund balancesStart of year $126,997$81,763
X-33 Total liabilities and net assetsStart of year $126,997$82,946
Part XI · Reconciliation of net assets $81,763 net assets at year end
XI-1 Total revenue$222,640
XI-2 Total expenses$267,874
XI-3 Revenue less expenses−$45,234
XI-4 Net assets at start of year$126,997
XI-10 Net assets at end of year$81,763

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

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