2015-06-08T13:34:22-05:00 2014-12-31 221430039 SOBEL AND CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2014-01-01 221489900 CORNERSTONE FAMILY PROGRAMS CORN 9735385260 62 ELM STREET MORRISTOWN NJ 07960 PATRICE PICARD CHIEF EXECUTIVE OFFICER 9735385260 2015-06-05 1 BRIDGET HARTNETT P01429163 9739949494 2015-06-05 2014 2016-03-07 17:11:31Z CHRISTINE MYERS 62 ELM STREET MORRISTOWN NJ 07960 6760642 0 X WWW.CORNERSTONEFAMILYPROGRAMS.ORG X 1813 NJ STRENGTHENING COMMUNITIES BY HELPING PEOPLE BUILD BETTER LIVES. 27 27 243 300 0 0 3663970 4232212 1437955 1578326 112919 238022 -43265 -88160 5171579 5960400 132000 90878 0 0 4235762 4914073 0 0 579267 1259512 1523189 5627274 6528140 -455695 -567740 12324031 11597356 1116361 1276259 11207670 10321097 CORNERSTONE FAMILY PROGRAMS IS A PRIVATE, NOT-FOR-PROFIT ORGAZNIATION DEDICATED TO STRENGTHENING COMMUNITIES BY HELPING PEOPLE BUILD BETTER LIVES. 0 0 3088218 0 649137 PROGRAMMING TO GIVE YOUNG CHILDREN THE BEST START IN LIFE BY IMPROVING THEIR HEALTH, SOCIAL DEVELOPMENT, AND SCHOOL PERFORMANCE. 1297721 0 342852 PROGRAMMING TO KEEP SENIORS INDEPENDENT AND IN THEIR HOMES. 1022418 90878 586337 PROGRAMMING TO GUIDE TEENS TO SUCCESSFUL ADULTHOOD BY ENCOURAGING SMART SOCIAL, ACADEMIC, AND CAREER CHOICES; 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. 5408357 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 20 0 1 243 1 0 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X X THE ORGANIZATION 9735385260 62 ELM STREET MORRISTOWN NJ 07960 CHRISTINE MYERS PRESIDENT 2.00 X X 0 0 0 THOMAS BINTINGER DIRECTOR 2.00 X 0 0 0 ANN STACHENFELD VICE-PRESIDENT 2.00 X X 0 0 0 GERALD MARCUS 2ND VP THEN TREASURER ON 5/31/14 2.00 X X 0 0 0 MARK REFFNER TREASURER THROUGH 5/31/14 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 MARK BYRON DIRECTOR 2.00 X 0 0 0 JOSEPH CARFAGNA DIRECTOR 2.00 X 0 0 0 REYNALDO CAUDILLO 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 BETSY HOLLO DIRECTOR 2.00 X 0 0 0 RICHARD KLAUSER DIRECTOR 2.00 X 0 0 0 GERALD MCBRIDE DIRECTOR 2.00 X 0 0 0 THOMAS MCLAUGHLIN 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 JUDITH PIERCE DIRECTOR 2.00 X 0 0 0 PATRICIA SANTEN DIRECTOR 2.00 X 0 0 0 ELIZABETH VANDEVEER DIRECTOR 2.00 X 0 0 0 JOSEPH VISAGGIO DIRECTOR 2.00 X 0 0 0 LISA WELSH 2ND VP ON 5/31/14 2.00 X X 0 0 0 PATRICE PICARD CHIEF EXECUTIVE OFFICER 35.00 X 128043 0 11500 AUDREY WELLS CFO 35.00 X 103448 0 16512 231491 0 28012 2 0 0 0 0 272839 378825 2586701 993847 4232212 PROGRAM SERVICE FEES 900099 1578326 1578326 1578326 71383 71383 21125 8593 12532 12532 12532 798250 631611 166639 166639 166639 47705 378825 160038 -112333 -112333 MISC. REVENUE 900099 11641 11641 11641 5960400 1578326 0 149862 90878 90878 259503 213034 21768 24701 3643540 2995566 300648 347326 88462 72621 7421 8420 484430 397683 40637 46110 438138 359680 36754 41704 34555 28368 2898 3289 561128 521972 16560 22596 7030 7030 63294 44576 8695 10023 150390 140598 3386 6406 31433 30866 555 12 11085 3732 5099 2254 51635 51635 271581 222949 22782 25850 108572 89624 8556 10392 REPAIRS AND MAINTENANCE 117784 106144 4097 7543 EQUIPMENT RENTAL AND MA 35714 29465 2832 3417 OTHER 30564 25091 2564 2909 SUPPLIES 24623 20214 2066 2343 23801 15296 1563 6942 6528140 5408357 540516 579267 246423 219797 57971 105519 347470 274175 153322 66014 62361 76821 10414972 2266165 8604397 8148807 2786663 2657193 65424 49030 12324031 11597356 374448 276248 3973 39723 668380 893818 69560 66470 1116361 1276259 X 10289245 9857174 659920 455418 258505 8505 11207670 10321097 12324031 11597356 X -567740 -101479 -217354 X X 0 1 X 1 0 X 2157173 2260220 2707630 3663970 4232212 15021205 2157173 2260220 2707630 3663970 4232212 15021205 220651 14800554 76972 61779 61293 75183 92508 367735 39856 4879 301 21844 11641 78521 15467461 5539979 0.95690 0.94450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2483212 66700 105890 195000 2460802 2007118 235432 345660 104998 2483212 1848244 106460 207810 155396 2007118 2045178 -69448 127486 1848244 1877872 210831 43525 2045178 0.97000 0.01000 0.02000 0 0 1316352 1316352 7979176 1230862 6748314 1119444 1035303 84141 8148807 SECURITY DEPOSIT 4180 CASH HELD ON BEHALF OF OTHERS 352 UNEMPLOYMENT TRUST FUND 61938 66470 X 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 2014 AND 2013. THE TAX YEARS SUBJECT TO AUDIT BY FEDERAL AND STATE JURISDICTIONS ARE THE YEARS ENDED DECEMBER 31, 2011 AND FORWARD. AT DECEMBER 31, 2014 AND 2013, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. ANNUAL BALL 251204 221112 30092 1050 16963 34152 7132 53242 GALA 121180 106390 14790 15046 2714 1 54146 51323 2823 6116 6115 6921 10586 426530 378825 47705 1050 16963 55314 6115 14053 66542 160037 -112332 1 SCHOLARSHIP AWARDS 32 90878 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 XI, LINE 9: LOSS ON DISPOSAL OF ASSETS -217,354. 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 $886,573 DURING 2014. OF THE TOTAL DECREASE, 30.6%, OR $271,582, IS DEPRECIATION, A RECURRING NON-CASH EXPENSE WHICH ALLOCATES THE COST OF CAPITAL ASSETS, PRINCIPALLY FUNDED BY CONTRIBUTIONS RECORDED IN PRIOR YEARS. AN ADDITIONAL 24.5%, OR $217,354, IS DUE TO THE DISPOSAL OF THE MADISON ADULT DAYCARE PROGRAM BUILDING AS NOTED IN PART XI, LINE 9. THIS DISPOSAL IS A NON-RECURRING, NON-CASH TRANSACTION. THE REMAINING $397,637 CAN BE ATTRIBUTED MAINLY TO THE FOLLOWING THREE FACTORS: 1)EXPENSES RELATED TO THE INTEGRATION OF THE MORRISTOWN NEIGHBORHOOD HOUSE, ACQUIRED IN 2013, INTO OVERALL AGENCY OPERATIONS. THESE EXPENSES INCLUDE THOSE INCURRED FOR PROGRAM AND STAFF REORGANIZATION, COMBINATION OF ADMINISTRATIVE FUNCTIONS, AND CLOSING COSTS ON THE REFINANCING OF PREVIOUSLY EXISTING MORRISTOWN NEIGHBORHOOD HOUSE DEBT. THESE ARE EXPECTED TO BE ONE-TIME OCCURRENCES AND WILL TAPER OFF THROUGH 2015; 2)REVENUE SHORTFALLS RELATED TO AN EVOLVING FUNDRAISING CLIMATE AND TO THE EFFECT OF THE ACQUISITION OF MORRISTOWN NEIGHBORHOOD HOUSE ON THE AGENCY'S COMBINED DONOR BASE. A NEW, MORE AGGRESSIVE DEVELOPMENT PLAN HAS BEEN IMPLEMENTED FOR 2015 ADDRESSING THESE ISSUES; AND, 3)REVENUE SHORTFALLS DUE TO LOW PARTICIPATION IN SEVERAL PROGRAMS IN THE SENIOR SERVICES AREA. THIS WILL BE ADDRESSED WITH A COMBINATION OF AGGRESSIVE MARKETING AND PROGRAM ADJUSTMENTS WHERE NECESSARY. 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