Centerstone Of America Inc
- Assets
- $40.1m
- Revenue
- $49.1m
- Investments
- $0.0
- Employees
- 376
- Location
- Nashville, TN
- Founding
- 08/2003
- Data as of
- 06/2024
- EIN
- 20-0072992
Organization Overview
Centerstone Of America Inc is located in Nashville, TN. The organization was established in 2003. According to its NTEE Classification (F99) the organization is classified as: Mental Health & Crisis Intervention N.E.C., under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2024, Centerstone Of America Inc employed 376 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centerstone Of America Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Centerstone Of America Inc generated $49.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $49.1m during the year ending 06/2024. While expenses have increased by 13.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
"DELIVERING CARE THAT CHANGES PEOPLE'S LIVES"
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTERSTONE OF AMERICA, INC. EXISTS TO SERVE ITS AFFILIATED ORGANIZATIONS THROUGH OPERATIONS SUPPORT, BUSINESS ANALYTICS, UNIFIED BRANDING, SEAMLESS TECHNOLOGY NETWORK AND COMMUNICATIONS INFRASTRUCTURE, AND FINANCIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Sweeten Chair | OfficerTrustee | 2 | $0 |
Phil Krebs Vice Chair | OfficerTrustee | 2 | $0 |
Lee Brackett Immedidate Past Chair | OfficerTrustee | 2 | $0 |
Patricia Lucas Secretary | OfficerTrustee | 2 | $0 |
Reed Farley Director | Trustee | 2 | $0 |
Sara C Huggins Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Titanville Tt Lp Rent/lease | 6/29/24 | $1,143,790 |
Vaco Indianapolis Llc Staffing Services | 6/29/24 | $210,538 |
Simplicity Llc Security Monitoring Services | 6/29/24 | $176,509 |
Navigate Wellbeing Solutions Benefits | 6/29/24 | $105,771 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,643 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,643 |
| Total Program Service Revenue | $47,131,877 |
| Investment income | $1,348,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $458,115 |
| Net Gain/Loss on Asset Sales | $810 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,057,792 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,075,630 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,862,546 |
| Pension plan accruals and contributions | $536,886 |
| Other employee benefits | $3,137,530 |
| Payroll taxes | $1,796,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $17,330 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,782,872 |
| Advertising and promotion | $157,853 |
| Office expenses | $217,406 |
| Information technology | $7,144,874 |
| Royalties | $0 |
| Occupancy | $1,628,902 |
| Travel | $372,088 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $221,175 |
| Interest | $1,350,284 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,390,982 |
| Insurance | $103,367 |
| All other expenses | $33,790 |
| Total functional expenses | $49,122,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,961,120 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,463,037 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,157,746 |
| Net Land, buildings, and equipment | $3,857,421 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,655,079 |
| Total assets | $40,094,403 |
| Accounts payable and accrued expenses | $10,453,673 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $24,053,677 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,651,273 |
| Total liabilities | $42,158,623 |
| Net assets without donor restrictions | -$2,078,219 |
| Net assets with donor restrictions | $13,999 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $40,094,403 |
Grants Awarded
Over the last fiscal year, Centerstone Of America Inc has awarded $2,430,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CENTERSTONE FOUNDATION PURPOSE: GENERAL SUPPORT | $15,000 |
CENTERSTONE MILITARY SERVICES PURPOSE: GENERAL SUPPORT | $2,415,000 |