Better Business Bureau Report for
Cornerstone Center for Early Learning, Inc.

Better Business Bureau Report issued November 2011
Better Business Bureau Report expires November 2012


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Cornerstone Center for Early Learning, Inc.
Address: 3901 Russell Blvd
  St. Louis , MO 63110
Phone: 314-865-5244
Web Address: www.cornerstonecenterstl.org
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Better Business Bureau Comments

Year, State Incorporated: 1969, Missouri
Affiliates: None
Stated Purpose: "exists to provide high-quality, affordable, comprehensive care and education for children of all economic backgrounds while following a Constructivist philosophy which governs all aspects of operation. As a nonprofit, United Way agency, the Center enables parents to enter or remain in the workforce, or to seek higher education. Cornerstone Center encourages the development of all people within its sphere, promoting the autonomy, creativity, and initiative of children, staff, and family members."

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Evaluation Conclusions

               

Cornerstone Center for Early Learning, Inc. (CCEL) meets the 20 Standards for Charity Accountability.
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Programs

               

Day care center and high quality child development programs.

For the fiscal year ended December 31, 2010, CCEL's program expenses were:

  
Daycare 1,522,237
Total Program Expenses: $1,522,237
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Governance

               

Chief Executive : Jerry Ehrlich, Executive Director
Compensation*:
 $23,422

Chair of the Board: Chris Casey
Chair's Profession / Business Affiliation: Washington University

Board Size: 16

Paid Staff Size: 36

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances. This amount is for a partial year.
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Fund Raising

               

Method(s) Used:

direct mail, grant proposals
Fund raising costs were 2% of related contributions. (Related contributions, which totaled $1,503,262, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on CCEL's audited financial statements - consolidated for the fiscal year ended December 31, 2010.

Source of Funds  
Government Contracts 969,712
Program Service Fees 374,058
United Way 260,517
Contributions 183,632
Special Events 63,369
United Way Scholarship and Day Care Match 26,032
Miscellaneous 1,089
Interest and Dividend Income 395
Total Income $1,878,804


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Uses of Funds as a % of Total Expenses

Programs: 80%  Fund Raising: 2%  Administrative: 16%  Other Expenses: 2%

Total income   $1,878,804
  Program expenses $1,522,237
  Fund raising expenses 32,961
  Administrative expenses 305,508
  Other Expenses 47,311
Total expenses   $1,908,017
Expenses in Excess of Income   (29,213)
Beginning net assets   1,500,599
Ending net assets   1,471,386
Total liabilities   387,846
Total assets   $1,859,232


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