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← CENTERSTONE FOUNDATION INC

Form 990 for tax year 2024

Filed by CENTERSTONE FOUNDATION INC.

Totals

Total revenue
$5,877,562
Total expenses
$5,557,500
Contributions and grants received
$4,154,844
Grants paid
$3,633,450
Program service revenue
$0
Investment income
$298,143
Other revenue
$1,424,575
Total assets, end of year
$23,340,424
Total liabilities, end of year
$218,599
Net assets or fund balances, end of year
$23,121,825
Program services expenses (Part IX)
$4,854,036
Management and general expenses
$703,464
Fundraising expenses
$0
Program service expenses (Part III)
$4,854,036

Program services were 87.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $574,002

  • 1f · All other contributions, gifts and grants

    $3,580,842

  • 1g · Noncash contributions included above

    $18,996

  • 3 · Investment income

    total $336,503 · excluded $336,503

  • 6a · Gross rents

    real property $8,985

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $8,985

  • 6d · Net rental income or loss

    total $8,985 · excluded $8,985

  • 7b · Less cost or other basis and sales expenses

    securities $38,360

  • 7c · Gain or loss

    securities -$38,360

  • 7d · Net gain or loss

    total -$38,360 · excluded -$38,360

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $574,002

  • 8b · Fundraising events: direct expenses

    $248,706

  • 8c · Net income from fundraising events

    total -$248,706 · excluded -$248,706

  • 11a · Other revenue: AFFILIATED MANAGEMENT

    total $1,662,076 · related or exempt $1,662,076

  • 11b · Other revenue: MISCELLANEOUS

    total $2,220 · related or exempt $2,220

  • 11e · Other revenue, total

    $1,664,296

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,633,450 · program services $3,633,450

  • 5 · Compensation of officers, directors and key employees

    total $158,260 · program services $158,260

  • 7 · Other salaries and wages

    total $1,122,399 · program services $548,484 · management and general $573,915

  • 8 · Pension plan contributions

    total $17,287 · program services $5,580 · management and general $11,707

  • 9 · Other employee benefits

    total $74,210 · program services $40,471 · management and general $33,739

  • 10 · Payroll taxes

    total $91,271 · program services $50,073 · management and general $41,198

  • 11b · Fees: legal

    total $12,958 · program services $12,958

  • 11c · Fees: accounting

    total $18,581 · program services $18,581

  • 11g · Fees: other

    total $193,069 · program services $193,069

  • 12 · Advertising and promotion

    total $8,460 · program services $8,460

  • 13 · Office expenses

    total $61,754 · program services $54,810 · management and general $6,944

  • 14 · Information technology

    total $24,058 · program services $24,058

  • 16 · Occupancy

    total $23,173 · program services $14,794 · management and general $8,379

  • 17 · Travel

    total $49,816 · program services $22,234 · management and general $27,582

  • 19 · Conferences, conventions and meetings

    total $5,121 · program services $5,121

  • 23 · Insurance

    total $63,633 · program services $63,633

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,334,672 · end of year $3,040,541

  • 3 · Pledges and grants receivable

    beginning of year $4,845,221 · end of year $3,924,151

  • 4 · Accounts receivable

    beginning of year $115,166 · end of year $281,408

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,160 · end of year $16,768

  • 10a · Land, buildings and equipment: cost or other basis

    $5,112

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,112

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $12,989,924 · end of year $14,630,299

  • 15 · Other assets

    beginning of year $1,379,186 · end of year $1,447,257

  • 17 · Accounts payable and accrued expenses

    beginning of year $158,514 · end of year $218,599

  • 27 · Net assets without donor restrictions

    beginning of year $11,549,775 · end of year $12,631,614

  • 28 · Net assets with donor restrictions

    beginning of year $9,964,040 · end of year $10,490,211

Mission and programs · 2024

Mission

OUR MISSION IS TO "DELIVER CARE THAT CHANGES PEOPLE'S LIVES"

Activities or mission (Part I)

WE ARE DEDICATED TO DELIVERING CARE THAT CHANGES PEOPLE'S LIVES.THE CENTERSTONE FOUNDATION SECURES PHILANTHROPIC RESOURCES TO SUPPORT CENTERSTONE'S MISSION OF "DELIVERING CARE THAT CHANGES PEOPLE'S LIVES" BOTH NOW AND IN THE FUTURE. IN ADDITION TO SECURING PHILANTHROPIC RESOURCES FOR ITS AFFILIATES AND THE PEOPLE WE SERVE, THE FOUNDATION IS CHARGED WITH PROVIDING EFFECTIVE STEWARDSHIP OF ENDOWMENTS, INCLUDING INVESTMENT AND DISBURSEMENTS. WE ARE DEDICATED TO IMPROVING THE QUALITY OF LIFE OF THE INDIVIDUALS AND FAMILIES WHO COME TO CENTERSTONE FOR CARE.

  • ESTABLISHED IN 1992 (ORIGINALLY AS THE DEDE WALLACE FOUNDATION), CENTERSTONE'S FOUNDATION EXISTS TO GENERATE PHILANTHROPIC SUPPORT FOR CENTERSTONE, IN SUPPORT OF OUR MISSION TO "DELIVER CARE THAT CHANGES PEOPLE'S LIVES." THE FOUNDATION IS ACCOUNTABLE TO OUR REGIONAL AND NATIONAL COMPNAIES IN STEWARDING, ADMINISTERING AND GROWING PHILANTHROPIC FUNDING. THE FOUNDATION IS ALSO CHARGED WITH PROVIDING EFFECTIVE STEWARDSHIP OF DONORS AND THEIR GIVING INTENTIONS, AS WELL AS GROWING THE ORGANIZATION'S PLANNED GIFTS AND ENDOWMENT. THIS WORK IS ACCOMPLISHED UNDER THE GUIDANCE AND PURVIEW OF CENTERSTONE'S FOUNDATION BOARD OF DIRECTORS, WHICH INCLUDES LEADERSHIP MEMBERS FROM ALL CENTERSTONE BENEFICIARY ORGANIZATIONS, TO REPRESENT THOSE WE SERVE. THE FOUNDATION RAISES PHILANTHROPIC SUPPORT THROUGH ANNUAL, CAPITAL AND SPECIAL GIVING CAMPAIGNS, AND THROUGH PLANNING AND HOSTING ANNUAL FUNDRAISING EVENTS IN OUR REGIONAL MARKETS. IN ADDITION, THE FOUNDATION APPLIES FOR AND SECURES PRIVATE AND CORPORATE FUNDING IN SUPPORT OF SERVICES, CLINICAL INNOVATION AND PATIENT CARE. THE FUNDING GENERATED VIA THE FOUNDATION'S EFFORTS MAY BE REPORTED ON THE FINANCIAL STATEMENTS AND FORM 990S OF OTHER CENTERSTONE BENEFICIARY ORGANIZATIONS, RATHER THAN DIRECTLY ON THE FOUNDATION'S FINANCIAL STATEMENTS AND FORM 990S. FOR THE YEAR ENDING JUNE 30, 2025, CENTERSTONE'S FOUNDATION SECURED MORE THAN $5 MILLION IN SUPPORT OF OUR MISSION'S PRIORITIES ACROSS OUR SYSTEM.

    Expenses $4,854,036 · Grants $3,633,450 · Revenue $1,664,296

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Julie Spears

    REGIONAL FINANCE OFFICER

    Total calculated
    $226,448
    From this org
    $0
    From related orgs
    $204,606
    Other
    $21,842
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,379 related
    Bonus
    $0
    Other
    $0 + $9,227 related
    Deferred
    $0 + $12,877 related
    Nontaxable benefits
    $0 + $8,965 related
    Filer's total
    $0 + $226,448 related

  • Ramona Rhodes

    FOUNDATION PRESIDENT

    Total calculated
    $158,260
    From this org
    $149,073
    From related orgs
    $0
    Other
    $9,187
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,331
    Bonus
    $0
    Other
    $33,742
    Deferred
    $8,650
    Nontaxable benefits
    $537
    Filer's total
    $158,260

  • Bruce Barrick

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Timothy Knowles

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Jack Wallace

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • John Voigt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Richard Fitzgerald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rev James Golden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Dr Kevin Hamilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Tom Mahler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Ronda Dunn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Nedda Pollack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Mary Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Laura Weinland Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • AMY'S CROSSING INC

    501(C)(3) · PROVIDE HOUSING FOR THE DISABLED · IL

    Directly controlled by CENTERSTONE OF ILLINOIS

  • ASPEN HOUSE INC

    501(C)(3) · PROVIDE LOW INCOME HOUSING · IN

    Directly controlled by CENTERSTONE OF INDIANA

  • CEDAR VIEW INC

    501(C)(3) · PROVIDE LOW INCOME HOUSING · IN

    Directly controlled by CENTERSTONE OF INDIANA

  • CENTERSTONE HEALTH SERVICES

    501(C)(3) · PROVIDE HEALTHCARE FOR AT-RISK INDIVIDUALS · IN

    Directly controlled by CENTERSTONE OF INDIANA

  • CENTERSTONE HOUSING RESOURCES

    501(C)(3) · OWN AND OPERATE GROUP HOMES · TN

    Directly controlled by CENTERSTONE OF TENNESSEE

  • CENTERSTONE MILITARY SERVICES

    501(C)(3) · PROVIDE MENTAL HEALTH SERVICES · TN

    Directly controlled by CENTERSTONE OF AMERICA

  • CENTERSTONE OF AMERICA

    501(C)(3) · HOLDING COMPANY · TN

  • CENTERSTONE OF FLORIDA

    501(C)(3) · PROVIDE MENTAL HEALTH SERVICES · FL

    Directly controlled by CENTERSTONE OF AMERICA

  • CENTERSTONE OF ILLINOIS INC

    501(C)(3) · PROVIDE MENTAL HEALTH SERVICES · IL

    Directly controlled by CENTERSTONE OF AMERICA

  • CENTERSTONE OF INDIANA

    501(C)(3) · PROVIDE MENTAL HEALTH SERVICES · IN

    Directly controlled by CENTERSTONE OF AMERICA

  • CENTERSTONE OF TENNESSEE

    501(C)(3) · PROVIDE MENTAL HEALTH SERVICES · TN

    Directly controlled by CENTERSTONE OF AMERICA

  • CENTERSTONE PROPERTY LLC

    HOLDING COMPANY · FL

    Directly controlled by CENTERSTONE OF FLORIDA

  • CENTERSTONE PSH LLC

    HOLDING COMPANY · IN

    Directly controlled by CENTERSTONE OF INDIANA

  • CENTERSTONE RESEARCH INSTITUTE

    501(C)(3) · RESEARCH RELATED TO MENTAL HEALTH · TN

    Directly controlled by CENTERSTONE OF AMERICA

  • CENTERSTONE SUPPORTIVE HOUSING LLC

    PROVIDE LOW INCOME HOUSING · IN

    Directly controlled by CENTERSTONE OF INDIANA

  • CUMBERLAND HOLDING CORPORATION

    501(C)(3) · PROVIDE LOW INCOME HOUSING · TN

    Directly controlled by CENTERSTONE OF TENNESSEE

  • DOGWOOD PLACE INC

    501(C)(3) · PROVIDE LOW INCOME HOUSING · IN

    Directly controlled by CENTERSTONE OF INDIANA

  • FRANKLIN-WILLIAMSON PROPERTIES INC

    501(C)(2) · REAL ESTATE HOLDING COMPANY FOR CENTERSTONE OF ILLINOIS · IL

    Directly controlled by CENTERSTONE OF ILLINOIS

  • F-W RESIDENTIAL PROPERTIES INC

    501(C)(3) · PROVIDE LOW INCOME HOUSING · IL

    Directly controlled by CENTERSTONE OF ILLINOIS

  • HEMPEL HOUSE INC

    501(C)(3) · PROVIDE HOUSING FOR THE DISABLED · IL

    Directly controlled by CENTERSTONE OF ILLINOIS

  • HOMEWOOD INSURANCE COMPANY INC

    501(C)(3) · CAPTIVE INSURANCE COMPANY · TN

    Directly controlled by CENTERSTONE OF AMERICA

  • INDEPENDENT LIVING ALTERNATIVES INC

    501(C)(3) · PROVIDE LOW INCOME HOUSING · IN

    Directly controlled by CENTERSTONE OF INDIANA

  • INDIANA HOUSE INC

    501(C)(3) · PROVIDE LOW INCOME HOUSING · IN

    Directly controlled by CENTERSTONE OF INDIANA

  • MAPLEVIEW INC

    501(C)(3) · PROVIDE LOW INCOME HOUSING · IN

    Directly controlled by CENTERSTONE OF INDIANA

  • MHC DEVELOPMENT COMPANY INC

    501(C)(3) · PROVIDE HOUSING FOR THE DISABLED · IL

    Directly controlled by CENTERSTONE OF ILLINOIS

  • MILESTONE APARTMENTS INC

    501(C)(3) · PROVIDE LOW INCOME HOUSING · IL

    Directly controlled by CENTERSTONE OF ILLINOIS

  • OAKVIEW INC

    501(C)(3) · PROVIDE LOW INCOME HOUSING · IN

    Directly controlled by CENTERSTONE OF INDIANA

  • PINEVIEW INC

    501(C)(3) · PROVIDE LOW INCOME HOUSING · IN

    Directly controlled by CENTERSTONE OF INDIANA

  • RED OAK INDUSTRIES

    501(C)(3) · SUPPORTIVE EMPLOYMENT COMPANY FOR IN CMHC · IN

    Directly controlled by CENTERSTONE OF INDIANA

  • THEODORO PLACE

    501(C)(3) · PROVIDE LOW INCOME HOUSING · IL

    Directly controlled by CENTERSTONE OF ILLINOIS

  • WILLOWVIEW INC

    501(C)(3) · PROVIDE LOW INCOME HOUSING · IN

    Directly controlled by CENTERSTONE OF INDIANA

  • YAKUBIAN HOMES INC

    501(C)(3) · PROVIDE HOUSING FOR THE DISABLED · IL

    Directly controlled by CENTERSTONE OF ILLINOIS

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CENTERSTONE HEALTH PARTNERS INC

    C · PROVIDE SUPPORT FOR CENTERSTONE RESEARCH INSTITUTE · TN

    Directly controlled by CENTERSTONE OF AMERICA

Provenance

Return type
form_990
Tax year
2024
Filed
19 December 2025
IRS schema version
2024v5.2
Source object
202523539349300827

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