CORNERSTONE CHILDCARE CENTER CORP Charity Report

Tax-exempt status may be revoked

CORNERSTONE CHILDCARE CENTER CORP

EIN 84-4171086 · Child Day Care (P33)

What they do

PROVIDE CHILD CARE to COMMUNITY

Before you give

Should I give to this charity?

Easy charity check

Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2021The report may be old. Ask for a newer one.

They explain their jobThe explanation is very short. Ask what work they really do.

They name their leaders1 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

86.90%of revenue went to mission work82.1% of expenses · Program services

$105.89spent for every $100 of revenueSpending was higher than revenue this year.

18.98%of revenue went to management and office costs17.9% of expenses

$0.00in assets for every $1 spent this yearSome assets cannot be spent right away.

16.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $24,417 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $43,864 for SALLY HOLLEY (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2021

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$414,839

Mission workProgram services$360,51586.90% of revenue82.1% of expenses

ManagementOffice and general costs$78,74118.98% of revenue17.9% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$439,256105.89% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Money in and money out

Revenue$414,839

Expenses$439,256

Annual shortfall $24,417 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$360,515 · 82.1% of expenses

Management and office costs$78,741 · 17.9% of expenses

See all reported dollar amounts

Revenue$414,839

Expenses$439,256

Assets$894

Contributions$69,414

Mission work (program services)$360,515

Management and general$78,741

Accounting fees$4,263

People

Leadership and board

Tax year 2021

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

SALLY HOLLEYPRESIDENT $43,864

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (1)

SALLY HOLLEYPRESIDENT

About this charity

Recognized since: July 2020
Location: 121 NE 5TH ST, ABILENE, KS 67410
County: Dickinson
In care of: SALLY HOLLEY
Primary officer: SALLY HOLLEY, PRESIDENT

How to reach them

Phone(785) 280-0962

Filing and classification

Latest tax year: 2021
Tax period began: January 1, 2021
Return type: 990
Tax preparer: MCCALLSON TAX & ACCOUNTING
NTEE classification: Child Day Care (P33)
IRS tax category: Child Day Care
Revocation date: May 15, 2025