Civic Intelligence

Cornerstone Family Ministries Inc

EIN 59-0638509 • 501(c)3 • Tampa, FL

Profile

The mission of cornerstone family ministries is to make a lasting and positive impact in the lives of economically disadvantaged children and their families in our community by nourishing young bodies, developing young minds, and fostering hope through christone child at a time.

1802 North Albany AvenueTampa, FL 33607

www.cornerstonefamilyministries.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

51st percentile

0.13x

Higher debt load relative to assets than 51% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

46th percentile

0.13x

Higher debt load relative to revenue than 46% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

34th percentile

-0.8%

Higher net margin than 34% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

50th percentile

$129,295

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

26th percentile

-2.7%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

37th percentile

1.0%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$8,691,735

Down $243,665 (-2.7%) from 2023

Liabilities

Up

$1,126,417

Up $64,226 (+6.0%) from 2023

Net Assets

Down

$7,565,318

Down $307,891 (-3.9%) from 2023

Revenue

Up

$8,704,269

Up $81,917 (+1.0%) from 2023

Expenses

Up

$8,774,802

Up $384,390 (+4.6%) from 2023

Net Income

Down

-$70,533

Down $302,473 (-130%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2011: $748,692Liabilities 2011: $438,619Net Assets 2011: $310,0732011Assets 2012: $1,118,469Liabilities 2012: $825,461Net Assets 2012: $293,0082012Assets 2013: $1,457,415Liabilities 2013: $806,920Net Assets 2013: $650,4952013Assets 2014: $1,132,023Liabilities 2014: $492,980Net Assets 2014: $639,0432014Assets 2015: $1,653,820Liabilities 2015: $997,242Net Assets 2015: $656,5782015Assets 2016: $1,615,813Liabilities 2016: $998,593Net Assets 2016: $617,2202016Assets 2017: $1,646,226Liabilities 2017: $939,091Net Assets 2017: $707,1352017Assets 2018: $1,654,409Liabilities 2018: $989,795Net Assets 2018: $664,6142018Assets 2019: $1,621,331Liabilities 2019: $958,665Net Assets 2019: $662,6662019Assets 2020: $1,672,198Liabilities 2020: $1,112,422Net Assets 2020: $559,7762020Assets 2021: $2,158,105Liabilities 2021: $1,129,235Net Assets 2021: $1,028,8702021Assets 2022: $8,906,893Liabilities 2022: $957,461Net Assets 2022: $7,949,4322022Assets 2023: $8,935,400Liabilities 2023: $1,062,191Net Assets 2023: $7,873,2092023Assets 2024: $8,691,735Liabilities 2024: $1,126,417Net Assets 2024: $7,565,3182024

Highlighted filing

2024

Assets$8,691,735
Liabilities$1,126,417
Net Assets$7,565,318

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $5,460,570Expenses 2011: $5,429,924Net Income 2011: $30,6462011Expenses 2012: $5,229,8152012Revenue 2013: $6,016,327Expenses 2013: $5,658,840Net Income 2013: $357,4872013Revenue 2014: $6,355,240Expenses 2014: $6,366,692Net Income 2014: -$11,4522014Revenue 2015: $6,952,833Expenses 2015: $6,935,298Net Income 2015: $17,5352015Revenue 2016: $7,079,958Expenses 2016: $7,119,316Net Income 2016: -$39,3582016Revenue 2017: $7,537,046Expenses 2017: $7,447,131Net Income 2017: $89,9152017Revenue 2018: $7,493,913Expenses 2018: $7,532,208Net Income 2018: -$38,2952018Revenue 2019: $7,307,627Expenses 2019: $7,305,169Net Income 2019: $2,4582019Revenue 2020: $6,179,936Expenses 2020: $6,276,225Net Income 2020: -$96,2892020Revenue 2021: $7,026,934Expenses 2021: $6,583,427Net Income 2021: $443,5072021Revenue 2022: $11,104,114Expenses 2022: $6,836,667Net Income 2022: $4,267,4472022Revenue 2023: $8,622,352Expenses 2023: $8,390,412Net Income 2023: $231,9402023Revenue 2024: $8,704,269Expenses 2024: $8,774,802Net Income 2024: -$70,5332024

Highlighted filing

2024

Revenue$8,704,269
Expenses$8,774,802
Net Income-$70,533

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.69$1.13$7.57$8.70$8.77$0.07
2023Detailed filing. Detailed filing data is available for this year.$8.94$1.06$7.87$8.62$8.39$0.23
2022Detailed filing. Detailed filing data is available for this year.$8.91$0.96$7.95$11.1$6.84$4.27
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$1.13$1.03$7.03$6.58$0.44
2020Detailed filing. Detailed filing data is available for this year.$1.67$1.11$0.56$6.18$6.28$0.10
2019Detailed filing. Detailed filing data is available for this year.$1.62$0.96$0.66$7.31$7.31$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.65$0.99$0.66$7.49$7.53$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.65$0.94$0.71$7.54$7.45$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.62$1.00$0.62$7.08$7.12$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.65$1.00$0.66$6.95$6.94$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.13$0.49$0.64$6.36$6.37$0.01
2013Summary only. Only limited summary data is available for this year.$1.46$0.81$0.65$6.02$5.66$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.83$0.29$5.23
2011Summary only. Only limited summary data is available for this year.$0.75$0.44$0.31$5.46$5.43$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
May 30, 2025
Return Version
2023v6.0
Gross Receipts
$8,737,527
Mission and Program Overview

Mission

The mission of cornerstone family ministries is to make a lasting and positive impact in the lives of economically disadvantaged children and their families in our community by nourishing young bodies, developing young minds, and fostering hope through christone child at a time.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,487,702$4,540,501▲ $52,799
Other Notes and Loans Receivable, Net$2,466,841$2,215,626▼ $251,215
Pledges and Grants Receivable$1,007,022$998,112▼ $8,910
Cash and Non-Interest-Bearing Accounts$852,964$803,678▼ $49,286
Investments Other Securities$120,871$127,818▲ $6,947
Prepaid Expenses and Deferred Charges-$6,000-
Total Assets$8,935,400$8,691,735▼ $243,665
Liabilities
Accounts Payable and Accrued Expenses$1,058,509$1,124,577▲ $66,068
Mortgage Notes Payable Secured by Investment Property$3,682$1,840▼ $1,842
Total Liabilities$1,062,191$1,126,417▲ $64,226
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,813,598$6,415,441▼ $398,157
Net Assets Without Donor Restrictions$1,059,611$1,149,877▲ $90,266
Total Net Assets Fund Balance$7,873,209$7,565,318▼ $307,891
Total Liabilities and Net Assets / Fund Balance$8,935,400$8,691,735▼ $243,665

Asset Categories

AssetBook ValueDepreciationBasis
Land$3,148,000-$3,148,000
Buildings$1,267,249$211,672$1,478,921
Leasehold Improvements$119,730$31,264$150,994
Equipment$5,522$40,799$46,321

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$120,871-▲ $22,024$14,125$127,818
2022$114,363-▲ $8,486$1,077$120,871
2021$145,690-▼ $22,582$7,709$114,363
2020$144,169-▲ $11,613$8,826$145,690
2019$156,031-▲ $9,491$20,095$144,169
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cathy StoneExecutive DiFT$129,295$129,295
Sarah EllisDirector of Fin &FT$77,447$77,447

Board Members and Trustees

NameTitle
Hilary RainChair of Ope
Curtis Parry JrPresident
Steve BeatyDev Comm CHA
Gloria EmersonMember
Pamela HansenMember
Shari GillisMember
Skip HenkMember
Tara RubergMember
Christine HairlesonSecretary
Cindy SiscoTreasurer
Ephraim LivingstonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$8,206,342
Program Service Revenue
$182,275
Investment Income
$9,111
Other Revenue
$306,541
All Other Contributions
$225,402
Change in Net Assets
$-70,533

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,704,269
Revenue Not Reported on Form 990
$211,666
Total Revenue per Audited Statements
$8,915,935
Total Revenue per Form 990
$8,704,269
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,819,120
Salaries, Compensation, and Employee Benefits$1,955,682
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,465,353$119,501-$1,584,854
Occupancy$209,889$150-$210,039
Current Officers, Directors, Trustees, and Key Employees$179,344$14,625-$193,969
Payroll Taxes$126,531$10,184-$136,715
Fees for Services Other$107,837$12,398-$120,235
Depreciation Depletion$1,047$79,224-$80,271
Office Expenses$41,004$15,113-$56,117
Information Technology$37,998$1,758-$39,756
Fees for Services Accounting$31,140$8,595-$39,735
Other Employee Benefits$26,346$2,624-$28,970
All Other Expenses$4,189$20,827-$25,016
Travel$24,975$35-$25,010
Insurance$11,057$11,323-$22,380
Other Expenses$15,753$2,673-$15,753
Pension Plan Contributions$10,063$1,111-$11,174
Advertising$2,121$3,290-$5,411
Conferences and Meetings$3,823$462-$4,285
Interest$21--$21
Total Functional Expenses$8,470,838$303,964$0$8,774,802

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,223,826
Expenses per Audited Statements$8,774,802
Total Expenses per Form 990$8,774,802
Expenses Not Reported on Form 990$449,024
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$333,871
Fundraising Direct Expenses$32,895
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$177,903$177,903$3,717$174,186
Wonderwalk$155,968$155,968$17,357$138,611
Total Events$333,871$333,871$32,895$300,976
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 was reviewed with the board at their regularly scheduled meeting prior to filing.

Form 990, Page 6, Part VI, Line 12C

The organization monitors its procedures for conflict of interest annually or as needed.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available for public inspection upon request at its administrative offices located at 1802 n. Albany avenue in tampa, florida.

Filing and Contact Details

Filer

Filer Name
Cornerstone Family Ministries Inc
EIN
59-0638509
Phone
8132533853
Address
1802 NORTH ALBANY AVENUE, TAMPA, FL 33607

Signing Officer

Name
Curtis Parry Jr
Title
President
Phone
8132533853
Signed
2025-05-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Curtis Parry Jr
Formed
1976
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
11
Employees
50

Preparer

Firm
Financial Solution Advisors Pllc
Address
4350 PABLO PROFESSIONAL CT STE 200, JACKSONVILLE, FL 32224-3224
Preparer
Michael B Mcleod CPA
Phone
9042962024
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of cornerstone family ministries is to make a lasting and positive impact in the lives of economically disadvantaged children and their families in our community by nourishing young bodies, developing young minds, and fostering hope through christone child at a time.

Form 990, Page 2, Part III, Line 4B

Children's early learning center & lab school (the rosa valdez early learning center & lab school) - majority of the children at the center live at or below the poverty level. The center has a standard for high quality care, low teacher-to-child ratios, certified staff, and an enriched learning environment. In addition to a literacy based christian curriculum, the center provides developmental assessments, therapeutic services, behavioral counseling, family support, and lots of love and care for the children and families who are part of the rosa family. Although the center's goal is to prepare children for future academic success, it also strives to provide safe childcare so that parents and caregivers can work or go to school to move their family out of poverty. There are two locations: one is located at oak grove united methodist church and the other is our original located in old west tampa. The organization provided 98 child care scholarships for the children served and sponsored 11 lab school students on the teach scholarship program.

Form 990, Page 2, Part III, Line 4C

The cornerstone children's nutrition education - the cornerstone children's nutrition connection provides nutrition, education, and obesity prevention awareness to low income children and their families, as well as program development and training around nutrition education and nutritious menu planning for the staff of the 150+ centers sponsored by cornerstone through its sponsorship of the child care food program where these children attend for early childhood programming. Our nutritionist and technical assistance coaching staff provide coaching and training sessions to centers to help them improve quality and to ensure that nutritious food was served to children who really need it in addition, cornerstone launched in 2018 a community garden to address the need for community education and access to fresh fruits and vegetables in one of tampa's known food desert areas known as ybor city. The garden is a place where children and their educators and families can learn about where food comes from, how it grows, how to take it home and prepare it, and how it fuels our bodies (the garden movement). This year throughout all our nutrition programs, we had 167 centers serving an average of 18,004 children participate under our sponsorship. 4,064,280 meals were served and 64% of the children served were food insecure.

Form 990, Part XI, Line 9

Special event expenses 32,894 special event expenses -32,894

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Endowment assets consist of investments restricted by the general board of global ministries (gbgm) to provide for the maintenance and repair of certain buildings and leasehold improvements. The agreement calls for assets to be invested in a balanced portfolio comprising not less than 70% in fixed income investments, with the remaining balance invested in medium risk equity securities. The board of directors of the organization has considered the uniform prudent management of institutional funds act of 2007 (upmifa), which requires preservation of the fair value of the original gift as of the gift date of donor-restricted endowment funds, absent explicit donor stipulation to the contrary. Due to the fact that gbgm has stipulated 5.00% of the gift can be used annually for qualified expenses, the endowment is classified as net assets with donor restrictions at september 30, 2024 and 2023.

Schedule D, Page 3, Part X

The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code (irc) and from state corporate income tax under applicable florida statutes. In addition, the organization qualifies for the charitable contribution deduction under irc section 170(b)(1)(a) and has been classified as an organization that is not a private foundation and has been designated a publicly supported organization. The organization follows the income tax standard for uncertain tax positions. The organization has evaluated their tax positions and determined they have no uncertain tax positions as of september 30, 2024 and 2023. Should the organizations tax-exempt status be challenged in the future, the organizations 2022, 2023, and 2024 tax years are open for examination by the irs.

Schedule D, Page 4, Part XI, Line 2D

Special event expenses 32,894

Schedule D, Page 4, Part XII, Line 2D

Special event expenses 32,894

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IRS990/MissionDesc0THE MISSION OF CORNERSTONE FAMILY MINISTRIES IS TO MAKE A LASTING AND POSITIVE IMPACT IN THE LIVES OF ECONOMICALLY DISADVANTAGED CHILDREN AND THEIR FAMILIES IN OUR COMMUNITY BY NOURISHING YOUNG BODIES, DEVELOPING YOUNG MINDS, AND FOSTERING HOPE THROUGH CHRISTONE CHILD AT A TIME.
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IRS990/ProgSrvcAccomActy2Grp/Desc0CHILDREN'S EARLY LEARNING CENTER & LAB SCHOOL (THE ROSA VALDEZ EARLY LEARNING CENTER & LAB SCHOOL) - MAJORITY OF THE CHILDREN AT THE CENTER LIVE AT OR BELOW THE POVERTY LEVEL. THE CENTER HAS A STANDARD FOR HIGH QUALITY CARE, LOW TEACHER-TO-CHILD RATIOS, CERTIFIED STAFF, AND AN ENRICHED LEARNING ENVIRONMENT. IN ADDITION TO A LITERACY BASED CHRISTIAN CURRICULUM, THE CENTER PROVIDES DEVELOPMENTAL ASSESSMENTS, THERAPEUTIC SERVICES, BEHAVIORAL COUNSELING, FAMILY SUPPORT, AND LOTS OF LOVE AND CARE FOR THE CHILDREN AND FAMILIES WHO ARE PART OF THE ROSA FAMILY. ALTHOUGH THE CENTER'S GOAL IS TO PREPARE CHILDREN FOR FUTURE ACADEMIC SUCCESS, IT ALSO STRIVES TO PROVIDE SAFE CHILDCARE SO THAT PARENTS AND CAREGIVERS CAN WORK OR GO TO SCHOOL TO MOVE THEIR FAMILY OUT OF POVERTY. THERE ARE TWO LOCATIONS: ONE IS LOCATED AT OAK GROVE UNITED METHODIST CHURCH AND THE OTHER IS OUR ORIGINAL LOCATED IN OLD WEST TAMPA. THE ORGANIZATION PROVIDED 98 CHILD CARE SCHOLARSHIPS FOR THE CHILDREN SERVED AND SPONSORED 11 LAB SCHOOL STUDENTS ON THE TEACH SCHOLARSHIP PROGRAM.
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE CORNERSTONE CHILDREN'S NUTRITION EDUCATION - THE CORNERSTONE CHILDREN'S NUTRITION CONNECTION PROVIDES NUTRITION, EDUCATION, AND OBESITY PREVENTION AWARENESS TO LOW INCOME CHILDREN AND THEIR FAMILIES, AS WELL AS PROGRAM DEVELOPMENT AND TRAINING AROUND NUTRITION EDUCATION AND NUTRITIOUS MENU PLANNING FOR THE STAFF OF THE 150+ CENTERS SPONSORED BY CORNERSTONE THROUGH ITS SPONSORSHIP OF THE CHILD CARE FOOD PROGRAM WHERE THESE CHILDREN ATTEND FOR EARLY CHILDHOOD PROGRAMMING. OUR NUTRITIONIST AND TECHNICAL ASSISTANCE COACHING STAFF PROVIDE COACHING AND TRAINING SESSIONS TO CENTERS TO HELP THEM IMPROVE QUALITY AND TO ENSURE THAT NUTRITIOUS FOOD WAS SERVED TO CHILDREN WHO REALLY NEED IT IN ADDITION, CORNERSTONE LAUNCHED IN 2018 A COMMUNITY GARDEN TO ADDRESS THE NEED FOR COMMUNITY EDUCATION AND ACCESS TO FRESH FRUITS AND VEGETABLES IN ONE OF TAMPA'S KNOWN FOOD DESERT AREAS KNOWN AS YBOR CITY. THE GARDEN IS A PLACE WHERE CHILDREN AND THEIR EDUCATORS AND FAMILIES CAN LEARN ABOUT WHERE FOOD COMES FROM, HOW IT GROWS, HOW TO TAKE IT HOME AND PREPARE IT, AND HOW IT FUELS OUR BODIES (THE GARDEN MOVEMENT). THIS YEAR THROUGHOUT ALL OUR NUTRITION PROGRAMS, WE HAD 167 CENTERS SERVING AN AVERAGE OF 18,004 CHILDREN PARTICIPATE UNDER OUR SPONSORSHIP. 4,064,280 MEALS WERE SERVED AND 64% OF THE CHILDREN SERVED WERE FOOD INSECURE.
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