2016-11-11T16:11:25-06:00 2015-12-31 221430039 SOBEL AND CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2015-01-01 221489900 CORNERSTONE FAMILY PROGRAMS CORN 9735385260 62 ELM STREET MORRISTOWN NJ 07960 PATRICE PICARD CHIEF EXECUTIVE OFFICER 9735385260 2016-11-11 1 BRIDGET HARTNETT P01429163 9739949494 2016-11-11 2015 2017-02-10 21:41:12Z CHRISTINE MYERS 62 ELM STREET MORRISTOWN NJ 07960 5999664 0 X WWW.CORNERSTONEFAMILYPROGRAMS.ORG X 1813 NJ STRENGTHENING COMMUNITIES BY HELPING PEOPLE BUILD BETTER LIVES. 19 19 190 1681 0 0 4232212 3829423 1578326 1249445 238022 202722 -88160 -33905 5960400 5247685 90878 57700 0 0 4914073 4251740 0 0 532508 1523189 1478949 6528140 5788389 -567740 -540704 11597356 10630355 1276259 1145088 10321097 9485267 X CORNERSTONE FAMILY PROGRAMS IS A PRIVATE, NOT-FOR-PROFIT ORGANIZATION DEDICATED TO STRENGTHENING COMMUNITIES BY HELPING PEOPLE BUILD BETTER LIVES. 0 0 2803478 621502 PROGRAMMING TO GIVE YOUNG CHILDREN THE BEST START IN LIFE BY IMPROVING THEIR HEALTH, SOCIAL DEVELOPMENT, AND SCHOOL PERFORMANCE. 860877 298394 PROGRAMMING TO KEEP SENIORS INDEPENDENT AND IN THEIR HOMES. 699228 325430 PROGRAMMING TO SUPPORT ADULTS BY IMPROVING THEIR HEALTH, EDUCATION, EMPLOYMENT, RECREATION, PARENTING, AND COMMUNICATIONS SKILLS; IMPROVE MILITARY FAMILIES AND VETERANS' WELL-BEING AS THEY INTEGRATE BACK INTO FAMILIES AND SOCIETY; AND ENGAGE NEIGHBORS TO BUILD STRONG COMMUNITIES. 389970 57700 4119 TEEN AND OTHER PROGRAMS TO SUPPORT THE COMMUNITY. 389970 57700 4119 4753553 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 23 0 1 190 1 0 0 0 0 0 1 1 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X X CHERYL AMATELLICHIEF FINANCIAL OFFICER 9735385620 62 ELM STREET MORRISTOWN NJ 07960 CHRISTINE MYERS PRESIDENT 2.00 X X 0 0 0 ANN STACHENFELD VICE-PRESIDENT 2.00 X X 0 0 0 GERALD MARCUS TREASURER 2.00 X X 0 0 0 HECTOR MISLAVSKY SECRETARY 2.00 X X 0 0 0 DONALD BAILEY DIRECTOR 2.00 X 0 0 0 JOSEPH CARFAGNA DIRECTOR 2.00 X 0 0 0 RUSTON CEMBRINSKI DIRECTOR 2.00 X 0 0 0 JOAN DISALVIO DIRECTOR 2.00 X 0 0 0 KELLEE EWING DIRECTOR 2.00 X 0 0 0 KATHY HEHER DIRECTOR 2.00 X 0 0 0 DONNA MCNAMARA DIRECTOR 2.00 X 0 0 0 KERRY MOWRY DIRECTOR 2.00 X 0 0 0 WILLIAM SKRZAT DIRECTOR 2.00 X 0 0 0 ANDREW O'CONNOR DIRECTOR 2.00 X 0 0 0 JOSEPH VISAGGIO DIRECTOR 2.00 X 0 0 0 TODD SCHERMERHORN DIRECTOR 2.00 X 0 0 0 HEATHER ALTHOFF DIRECTOR 2.00 X 0 0 0 STEVEN GOODYEAR DIRECTOR 2.00 X 0 0 0 LISA WELSH 2ND VICE-PRESIDENT 2.00 X X 0 0 0 PATRICE PICARD CHIEF EXECUTIVE OFFICER 35.00 X 111160 0 12200 AUDREY WELLS CFO 35.00 X 80721 0 11950 191881 0 24150 1 0 0 0 0 254607 339131 2282959 952726 3829423 PROGRAM SERVICE FEES 900099 1249445 1249445 1249445 53714 53714 29675 8362 21313 21313 21313 777984 4811 633787 0 144197 4811 149008 149008 50759 339131 109830 -59071 -59071 MISC. REVENUE 900099 3853 3853 3853 5247685 1249445 0 168817 X 57700 57700 216031 175252 19041 21738 3205859 2601220 279291 325348 80925 66434 6789 7702 421584 346092 35363 40129 327341 268724 27459 31158 64558 52997 5416 6145 595108 541330 23657 30121 5432 5432 50333 34129 7513 8691 129000 120466 2898 5636 30867 30310 545 12 7402 2492 3404 1506 50790 50790 269617 221338 22616 25663 104532 86249 8282 10001 REPAIRS AND MAINTENANCE 99489 89711 3403 6375 EQUIPMENT RENTAL AND MA 36110 29793 2863 3454 SUPPLIES 15433 12669 1295 1469 DUES 12339 10130 1035 1174 7939 6517 668 754 5788389 4753553 502328 532508 219797 121394 105519 76762 274175 270266 66014 71465 76821 41516 10397152 2499282 8148807 7897870 2657193 2108440 49030 42642 11597356 10630355 276248 349756 39723 1273 893818 774673 66470 19386 1276259 1145088 X 9857174 9115408 455418 361354 8505 8505 10321097 9485267 11597356 10630355 -540704 -295126 0 X X 0 1 X 1 0 X 2260220 2707630 3663970 4232212 3829423 16693455 2260220 2707630 3663970 4232212 3829423 16693455 267797 16425658 61779 61293 75183 92508 83389 374152 4879 301 21844 11641 3853 42518 17110125 5903504 0.96000 0.95690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2460802 19750 -88812 510635 1881105 2483212 66700 105890 195000 2460802 2007118 235432 345660 104998 2483212 1848244 106460 207810 155396 2007118 2045178 -69448 127486 1848244 0.97000 0.01000 0.02000 0 0 1316352 1316352 7979176 1473389 6505787 1101624 1025893 75731 7897870 SECURITY DEPOSIT 5825 CASH HELD ON BEHALF OF OTHERS 352 UNEMPLOYMENT TRUST FUND 13209 19386 X 5065940 -299937 118192 -181745 5247685 0 5247685 5906581 118192 118192 5788389 0 5788389 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT LIABLE FOR FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING 2015 AND 2014. THE TAX YEARS SUBJECT TO AUDIT BY FEDERAL AND STATE JURISDICTIONS ARE THE YEARS ENDED DECEMBER 31, 2012 AND FORWARD. AT DECEMBER 31, 2015 AND 2014, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSE 109,830. RENTAL EXPENSE 8,362. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSE 109,830. RENTAL EXPENSE 8,362. ANNUAL BALL 202225 171025 31200 18000 32925 6969 11430 MNH GALA 139307 120903 18404 970 16054 200 4550 4 48358 47203 1155 118 2042 16572 389890 339131 50759 19088 51021 7169 32552 109830 -59071 1 SCHOLARSHIP AWARDS 30 57700 PART I, LINE 2: SCHOLARSHIP AWARD APPLICATIONS ARE RECEIVED AND REVIEWED BY MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 11 CORNERSTONE FAMILY PROGRAMS HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE: WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE GOVERNING BODY FOR ANY COMMENTS. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING BY THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C CORNERSTONE FAMILY PROGRAMS CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IS REGULARLY MONITORED AND ENFORCED. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST, MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. COMPENSATION IS DETERMINED BY REVIEW OF SALARIES FOR SIMILAR POSITIONS IN THE AREA. FORM 990, PART VI, SECTION C, LINE 19 CORNERSTONE FAMILY PROGRAMS MAKES ITS FORMS 990, 1023, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATION'S OFFICE AT 62 ELM STREET, MORRISTOWN, NJ 07960. THE FORM 990 IS ALSO MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART IX, LINE 11G PROGRAM CONSULTANTS: PROGRAM SERVICE EXPENSES 426,881. MANAGEMENT AND GENERAL EXPENSES 11,962. FUNDRAISING EXPENSES 16,851. TOTAL EXPENSES 455,694. PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 12,603. MANAGEMENT AND GENERAL EXPENSES 1,288. FUNDRAISING EXPENSES 1,461. TOTAL EXPENSES 15,352. FILING FEES: PROGRAM SERVICE EXPENSES 312. MANAGEMENT AND GENERAL EXPENSES 33. FUNDRAISING EXPENSES 36. TOTAL EXPENSES 381. OTHER FEES: PROGRAM SERVICE EXPENSES 101,534. MANAGEMENT AND GENERAL EXPENSES 10,374. FUNDRAISING EXPENSES 11,773. TOTAL EXPENSES 123,681. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S AUDIT COMMITTEE PROVIDES OVERSIGHT FOR CORNERSTONE FAMILY PROGRAMS CONCERNING (A) THE ANNUAL INDEPENDENT AUDIT, INCLUDING SELECTION OF THE INDEPENDENT ACCOUNTANT, (B) THE AGENCY'S ACCOUNTING AND FINANCIAL REPORTING PRACTICES, AND (C) THE AGENCY'S INTERNAL CONTROL STRUCTURE. FORM 990, PART XI CORNERSTONE FAMILY PROGRAMS EXPERIENCED A DECREASE IN NET ASSETS OF $835,830 DURING 2015.OF THE TOTAL DECREASE, 32% OR $269,617, IS DEPRECIATION, A RECURRING NON-CASH EXPENSE WHICH ALLOCATES THE COST OF CAPITAL ASSETS, PRINCIPALLY FUNDED BY CONTRIBUTIONS RECORDED IN PRIOR YEARS. AN ADDITIONAL 11%, OR $97,215, IS DUE TO NET LOSS ON INVESTMENTS. THE REMAINING $469,018 CAN BE ATTRIBUTED MAINLY TO THESE TWO FACTORS: 1. SIGNIFICANTLY DECREASED PARTICIPATION IN THE SENIOR SERVICES AREA DUE TO THE AFFORDABLE CARE ACT AND MEDICAID EXPANSION. SENIORS TRANSITIONED TO MEDICAID COVERAGE AND MEDICAID SERVICES SEVERELY REDUCED THE NUMBER SERVED AT CORNERSTONE AND SEVERELY REDUCED THE REIMBURSEMENT RELATED TO THOSE SERVICES.STAFF AND OTHER REDUCTIONS WERE IMPLEMENTED BUT COULD NOT KEEP PACE WITH THE DECLINE IN CENSUS. FOR 2016, SEVERAL OF THOSE PROGRAMS WERE CONSOLIDATED OR DISCONTINUED AFTER ENSURING THAT THE REMAINING CLIENTS WERE BEING SERVED. THE SHORTFALLS WILL NOT REOCCUR. 2. FUNDRAISING REVENUES FELL BELOW EXPECTATIONS DUE TO DEVELOPMENT STAFF TURNOVER AND OPEN POSITIONS AND DUE TO OPTIMISTIC EXPECTATIONS OF GROWTH IN FUNDRAISING. FOR 2016, FUNDRAISING PROJECTIONS ARE MORE CONSERVATIVE AND THE DEPARTMENT IS FULLY STAFFED WITH EXPERIENCED DEVELOPMENT PROFESSIONALS. NEW BOARD MEMBERS HAVE BEEN RECRUITED TO AID IN THE FUNDRAISING EFFORTS AND A COMPREHENSIVE PLAN FOR 2016 HAS BEEN IMPLEMENTED AND IS SHOWING FAVORABLE PROGRESS. MADISON DAY CARE 4 MADISON AVE MADISON NJ 07940 221866650 DAY CARE NJ 501(C)3 509(A)(1) 1 MORRISTOWN NEIGHBORHOOD HOUSE ASSOCIATION INC 12 FLAGLER ST MORRISTOWN NJ 07960 221487584 PROGRAMS TO ASSIST IMIGRANT CHILDREN AND FAMILIES NJ 501(C)3 509(A)(1) 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0