Cornerstone Assistance Network Inc

Organization Overview

Cornerstone Assistance Network Inc is located in Fort Worth, TX. The organization was established in 1992. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, Cornerstone Assistance Network Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Assistance Network 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 12/2021, Cornerstone Assistance Network Inc generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $6.5m during the year ending 12/2021. While expenses have increased by 10.8% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION ASSISTS HOMELESS INDIVIDUALS, SINGLE PARENTS AND LOW INCOME FAMILIES IN OBTAINING FOOD, SHELTER, CLOTHING, EMPLOYMENT CHILDCARE, TRANSPORTATION AND FINANCIAL AND MEDICAL ASSISTANCE

Describe the Organization's Program Activity:

Part 3 - Line 4a

EMERGENCY FIN SRVCS, CCB,& CCC: OUTREACH TO HOMELESS PEOPLE TO ENGAGE THEM INTO A STRATEGY TO ACCESS SERVICES AVAILABLE TO THEM


COMM SRVCS, THRIFT STORE,RE-ENTRY SRVCS, WORKFORCE DEV., INTERMED SRVCS, MEDICAL CLINIC, VISTA, CAN VISTA, RSVP: DIRECT ACCESS TO SERVICES AND RESOURCES TO PEOPLE IN THEIR TARRANT COUNTY AREA


SPANISH GARDENS &PERMANENT HOUSING:PROVIDE DWELLINGS FOR LOW INCOME AND HOMELESS PEOPLE ACCOMPANIED BY SUPPORT SERVICES NECESSARY TO ACHIEVE SELF-SUFFICIENCY


ALL OTHER ACCOMPLISHMENT , PROVIDED FOOD , CLOTHING, HOUSEHOLD ITEMS, JOB TRAINING, AFTER SCHOOL CARE, MEDICAL CLINICS, COMMUNITY MEETING YOUTH ACTIVITIES, COMPUTER LABS , TRAINING, ESL,GED HOUSING, CASE MANAGEMENT, RENT AMD UTILITY ASSISTANCE, EMERGENCY ASSISTANCE, REFERRAL SERVICES, TRANSPORTATION AND RELATED SERVICES TO LOW INCOME & HOMELESS INDIVIDUALS. ALSO PROVIDED FURNITURE, APPLIANCES, HOUSEHOLD ITEMS AND TECHNICAL ASSISTANCE TO ORGANIZATIONS SERVING NEEDY, LOW INCOME AND HOMELESS PEOPLE


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Board, Officers & Key Employees

Name (title)Compensation
Mike Doyle
Exec Director
$126,575
Mark Barfield
Board Member
$0
Becky Biser
Vice Chair-Bd Of Dir
$0
Michael T Cooke
Chairman Bd Of Dir
$0
Max Falls
Board Member
$0
David Haefeli
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $996,858
All other contributions, gifts, grants, and similar amounts not included above$5,233,277
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,230,135
Total Program Service Revenue$293,345
Investment income $10,843
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $66,436
Net Gain/Loss on Asset Sales -$19,374
Net Income from Fundraising Events $106,517
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,928,385

Grants Recieved

Over the last fiscal year, we have identified 23 grants that Cornerstone Assistance Network Inc has recieved totaling $2,135,402.

Awarding OrganizationAmount
Rainwater Charitable Foundation

Fort Worth, TX

PURPOSE: THE FAMILY SERVICES PROGRAM

$371,453
Good Start Foundation

Plano, TX

PURPOSE: 2021 DENTAL CLINIC OPERATIONS SUPPORT.

$309,892
Rainwater Charitable Foundation

Fort Worth, TX

PURPOSE: FWCP PROJECT SUPPORT

$283,800
Rainwater Charitable Foundation

Fort Worth, TX

PURPOSE: SUPPORT OF THE LEADERSHIP ACADEMY NETWORK

$260,200
Ardon And Iris Moore Foundation

Fort Worth, TX

PURPOSE: GENERAL PURPOSES

$250,000
Rainwater Charitable Foundation

Fort Worth, TX

PURPOSE: GENERAL OPERATIONS AND PROJECT SUPPORT

$145,200
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$321,658
Earnings$10,343
Ending Balance$332,001

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