Charity Review

Expires: May 2018

Charity Seal Holder

Cornerstone Youth Center

Meets Standards
 
(260) 623-3972 19819 Monroeville Rd, Monroeville IN 46773 www.cornerstoneyc.org
  1. Conclusions
  2. Purpose
  3. Programs
  4. Governance & Staff
  5. Fund Raising
  6. Tax Status
  7. Financial
Conclusions

Cornerstone Youth Center meets the 20 Standards for Charity Accountability.

Purpose

"Through a Christian environment that welcomes all, we provide opportunities for positive moral growth and sustainable life skills development for youth and families in Southeast Allen County."

Incorporated: 2000 in IN

Also Known As: Southeast Youth Council, Inc.

Programs

The Southeast Youth Council dba Cornerstone Youth Center is an independent center and school site based program that offers enrichment and educational support to youth in grades 7-12 year around. It currently has after school services in New Haven Middle School and at the Cornerstone Youth Center, located in Monroeville, IN. It will be opening a third site in Heritage Jr High in the fall of 2017. All sites offer students a place to go after school, under positive adult supervision for enrichment activities, recreation and homework help. Staff continually works to implement the Forty Developmental Assets identified by the Search Institute in all of the programming to ensure that the students have opportunity to gain skills that benefit them through their school journey and well into adulthood. Through its Drop In centers we offer a safe environment for students to develop life and social skills, while exploring different opportunities they may not otherwise be exposed to including music, theater arts, culinary, technology, science, leadership training, community service and college and career exploration. It also offers food and recreational activities that teach the importance of physical fitness and a healthy lifestyle. Through its Education Centers and center based computer lab there is daily opportunity for homework assistance with paid staff, both one on one, and in small group settings. Special tutoring may also be available through special appointment if staffing is available. Supplemental and enrichment activities are always available for those students who need a boost in mastering their grade level standards. In the evenings it offers extended services at the Monroeville center, for students who want to dig deeper into life lessons that will help them succeed in the transition from school into adulthood. These programs include Summit (college and career exploration), Voltage (alcohol, tobacco and other drugs prevention), and The Code (relationships and communication skills). Every focus also includes family enrichment sessions for parents to engage and become an active and educated partner in their child's journey towards adulthood. Summer programs include recreation and life skills programming focused on wellness. Currently these are held three days a week, and include two full weeks of camp. Our camps focus on Leadership skills and Culinary Skills. Cornerstone Youth Center is open M-F 3-6 pm with extended hours for special programs and weekend Drop In. New Haven Middle School is open M-Th 2:30pm-530pm Heritage Jr High (fall of 2017) TBD Cornerstone also partners with LEARN Resource Center to offer after school programming for grades K-6 at Heritage Elementary School. More information can be found at www.learnresourcecenter.org.

Governance & Staff

Board Size: 18

Staff: 1

CEO: Sarah Deans Adams
Chairperson: Nancy Gasparini Community Volunteer
Full-time Staff: 5 full time and 13 part time

Fund Raising

Fund raising methods include: Direct Mail Appeals, Grant Proposals, Internet, and Membership Appeals.

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.

Financial

The following information is based on Cornerstone Youth Center's Audited Financial Statements for the fiscal year ending Thursday, December 31, 2015.

Source of Funds
Grants $671,885
Contributions $41,562
Fundraising $28,347
In-Kind Contributions $12,760
Program Fees $7,385
Interest Income $16
Change In Value of Beneficial Interest ($670)
Other Income $1,250
Total Income: $762,535
 
Fusion Chart
 
Program Expenses: $379,485
Fundraising Expenses: $30,658
Administrative Expenses: $87,576
Total Expenses: $497,719
 
Income in Excess of Expenses: $264,816
 
Beginning Net Assets: $743,709
Ending Net Assets: $1,008,525
Total Liabilities: $20,502
Total Assets: $1,029,027


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Standards Legend

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Standard 1: Board Oversight


Description:

Organizations shall have a board of directors that provides adequate oversight of the charity's operations and its staff. Indication of adequate oversight includes, but is not limited to, regularly scheduled appraisals of the CEO's performance, evidence of disbursement controls such as board approval of the budget, fund raising practices, establishment of a conflict of interest policy, and establishment of accounting procedures sufficient to safeguard charity finances.

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Standard 2: Board Size


Description:

Soliciting organizations shall have a board of directors with a minimum of five voting members.

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Standard 3: Board Meetings


Description:

An organization shall have a minimum of three evenly spaced meetings per year of the full governing body with a majority in attendance, with face-to-face participation. A conference call of the full board can substitute for one of the three meetings of the governing body. For all meetings, alternative modes of participation are acceptable for those with physical disabilities.

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Standard 4: Board Compensation


Description:

Not more than one or 10% (whichever is greater) directly or indirectly compensated person(s) serving as voting member(s) of the board. Compensated members shall not serve as the board's chair or treasurer.

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Standard 5: Conflict of Interest


Description:

No transaction(s) in which any board or staff members have material conflicting interests with the charity resulting from any relationship or business affiliation. Factors that will be considered when concluding whether or not a related party transaction constitutes a conflict of interest and if such a conflict is material, include, but are not limited to: any arm's length procedures established by the charity; the size of the transaction relative to like expenses of the charity; whether the interested party participated in the board vote on the transaction; if competitive bids were sought and whether the transaction is one-time, recurring or ongoing.

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Standard 6: Effectiveness Policy


Description:

Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.

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Standard 7: Effectiveness Report


Description:

Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.

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Standard 8: Program Expenses


Description:

Spend at least 65% of its total expenses on program activities.

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Standard 9: Fund Raising Expenses


Description:

Spending should be no more than 35% of related contributions on fund raising. Related contributions include donations, legacies, and other gifts received as a result of fund raising efforts.

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Standard 10: Accumulating Funds


Description:

Avoid accumulating funds that could be used for current program activities. To meet this standard, the charity's unrestricted net assets available for use should not be more than three times the size of the past year's expenses or three times the size of the current year's budget, whichever is higher.

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Standard 11: Audit Report


Description:

Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles. When total annual gross income exceeds $500,000, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $500,000, a review by a certified public accountant is sufficient to meet this standard. For charities whose annual gross income is less than $250,000, an internally produced, complete financial statement is sufficient to meet this standard.

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Standard 12: Detailed Expense Breakdown


Description:

Include in the financial statements a breakdown of expenses (e.g., salaries, travel, postage, etc.) that shows what portion of these expenses was allocated to program, fund raising, and administrative activities. If the charity has more than one major program category, the schedule should provide a breakdown for each category.

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Standard 13: Accurate Expense Reporting


Description:

Accurately report the charity's expenses, including any joint cost allocations, in its financial statements. For example, audited or unaudited statements which inaccurately claim zero fund raising expenses or otherwise understate the amount a charity spends on fund raising, and/or overstate the amount it spends on programs will not meet this standard.

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Standard 14: Budget Plan


Description:

Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.

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Standard 15: Truthful Materials


Description:

Have solicitations and informational materials, distributed by any means, that are accurate, truthful and not misleading, both in whole and in part. Appeals that omit a clear description of program(s) for which contributions are sought will not meet this standard. A charity should also be able to substantiate that the timing and nature of its expenditures are in accordance with what is stated, expressed, or implied in the charity's solicitations.

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Standard 16: Annual Report


Description:

Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

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Standard 17: Website Disclosures


Description:

Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.

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Standard 18: Donor Privacy


Description:

Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.

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Standard 19: Cause Marketing Disclosures


Description:

Clearly disclose how the charity benefits from the sale of products or services (i.e., cause-related marketing) that state or imply that a charity will benefit from a consumer sale or transaction. Such promotions should disclose, at the point of solicitation: (a) the actual or anticipated portion of the purchase price that will benefit the charity (e.g., 5 cents will be contributed to abc charity for every xyz company product sold), (b) the duration of the campaign (e.g., the month of October), (c) any maximum or guaranteed minimum contribution amount (e.g., up to a maximum of $200,000).

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Standard 20: Complaints


Description:

Respond promptly to and act on complaints brought to its attention by the BBB Wise Giving Alliance and/or local Better Business Bureaus about fund raising practices, privacy policy violations and/or other issues.