Cornerstone Center for Early Learning
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Cornerstone Center for Early Learning meets the 20 Standards for Charity Accountability.
Stated Purpose:
"To provide quality, comprehensive, and affordable childcare and
preschool education in a nurturing, creative environment for St.
Louis-area families of all economic backgrounds."
Year, State Incorporated:
1969, MO
Early childhood center and high quality child development programs.
For the year ended December 31, 2023, Cornerstone Center for Early Learning's program expenses were:
| Programs | $2,384,348 |
| Total Program Expenses | $2,384,348 |
Chief Executive
Karen Lucy, Executive Director
Compensation*
$147,435
Chair of the Board
Carmin Pruit, Vice President, Medical Affairs Operations
Chair's Profession / Business Affiliation
Centene Corporation
Board Size
13
Paid Staff Size
57
* Compensation includes annual salary and, if applicable, benefit plans, expense accounts and other allowances.
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Grant proposals, Internet, Planned giving arrangements, Appeals via Social Media (Facebook, etc.)
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.
The following information is based on Cornerstone Center for Early Learning's audited financial statements for the year ended December 31, 2023.
Source of Funds
| Government Contracts | $2,027,232 |
| Program Service Fees | $715,971 |
| Contributions | $407,551 |
| Special Events | $230,368 |
| United Way of Greater St. Louis | $192,759 |
| Investment Income | $105,758 |
| Miscellaneous | $2,270 |
| Total Income | $3,681,909 |
Programs: 76% Fundraising: 11% Administrative: 14%
| Total Income | $3,681,909 |
| Total expenses: | $3,144,301 |
| Program expenses | $2,384,348 |
| Fundraising expenses | $334,618 |
| Administrative expenses | $425,335 |
| Other expenses | $0 |
| Income in Excess of Expenses | $537,608 |
| Beginning Net Assets | $3,914,584 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $4,452,192 |
| Total Liabilities | $2,047,378 |
| Total Assets | $6,499,570 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB of Eastern & Southwest Missouri & Southern Illinois