Centerstone Foundation, Inc.
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$4,381,468.00
Projected Expenses
$1,998,042.00
Organizational Budgets and Other Documents
| Foundation Budget | 2024 |
| FY230 Board Approved Budget - Centerstone Foundation | 2023 |
| Foundation Budget | 2022 |
| Foundation Budget | 2021 |
| Foundation Budget | 2020 |
| Foundation Budget | 2019 |
| Foundation Budget | 2018 |
IRS Letter of Exemption
| centerstone foundation irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $3,395,771.00 | $4,584,900.00 | $4,135,761.00 |
| Total Expenses | $3,145,779.00 | $3,707,136.00 | $2,405,443.00 |
| Revenue Less Expenses | $249,992.00 | $877,764.00 | $1,730,318.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $1,810,121.00 | $2,980,815.00 | $1,822,336.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $15,103.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $214,481.00 | $552,424.00 | $1,393,152.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $1,356,066.00 | $1,051,661.00 | $920,273.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $2,773,234.00 | $3,500,517.00 | $2,217,165.00 |
| Administration Expense | $372,545.00 | $206,619.00 | $188,278.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 108% | 124% | 172% |
| Program Expense/Total Expenses | 88% | 94% | 92% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $1,810,121.00 | Contributions, Gifts, and Grants $2,980,815.00 | Contributions, Gifts, Grants $1,822,336.00 |
| Second Highest Funding Source & Dollar Amount | Other Revenue $1,356,066.00 | Other Revenue $1,051,661.00 | Interest Income $1,393,152.00 |
| Third Highest Funding Source & Dollar Amount | Investment Income $214,481.00 | Investment Income $552,424.00 | Other Revenue $920,273.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $13,988,410.00 | $12,854,505.00 | $14,569,882.00 |
| Current Assets | $986,248.00 | $983,843.00 | $666,280.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $127,355.00 | $185,184.00 | $150,070.00 |
| Total Net Assets | $13,861,055.00 | $12,669,321.00 | $14,419,812.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$10,581,436.00
What is the spending policy for your endowment?
Percentage
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Under Extension
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| Centerstone's Foundation secures philanthropic resources to support Centerstone's mission (our noble purpose) of, "delivering care that changes people's lives" both now and in the future. In addition to securing philanthropic resources for its affiliates and the people we serve (through those affiliates), the Foundation is charged with providing effective stewardship of endowments, including investment and disbursements. We are dedicated to improving the quality of life of the individuals and families who come to Centerstone for care. |
Foundation Staff Comments
| Financials taken from the Form 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Financials prepared by LBMC, PC. Comments provided by Nicole Rose 03/19/2024. |
