Cornerstone Associates Inc

Organization Overview

Cornerstone Associates Inc is located in Corvallis, OR. The organization was established in 1965. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2021, Cornerstone Associates Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Associates 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 06/2021, Cornerstone Associates Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 6 years. 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

CREATE MEANINGFUL COMMUNITY INVOLVEMENT FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE TRAINING END EMPLOYMENT TO APPROXIMATELY 150 INDIVIDUALS WITH INTELLECTUAL AND DEVEOPMENTAL DISABILITIES IN A COMMUNITY, INDUSTRIAL, AND BUSINESS SETTING. THE DESIRED OUTCOME IS SUSTAINED, PAID EMPLOYMENT, AND WORK EXPERIENCE WHICH MAY LEAD TO FURTHER CARRER DEVELOPMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Kenneth Smith
Executive Di
$78,000
Becky Dilley
President
$0
Sherrie Payne
Vice-Preside
$0
Susan Zaremba
Secretary
$0
John Mentler
Treasurer
$0
Peter Ball
Board Member
$0

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$548,028
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$548,028
Total Program Service Revenue$1,711,865
Investment income $4,834
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $44,333
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,320,974

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Cornerstone Associates Inc has recieved totaling $63.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$63
View Grant Recipient Profile

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