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← CENTERSTONE FOUNDATION INC

Form 990 for tax year 2023

Filed by CENTERSTONE FOUNDATION INC.

Totals

Total revenue
$10,669,836
Total expenses
$3,651,554
Contributions and grants received
$8,510,431
Grants paid
$1,889,124
Program service revenue
$0
Investment income
$732,470
Other revenue
$1,426,935
Total assets, end of year
$21,672,329
Total liabilities, end of year
$158,514
Net assets or fund balances, end of year
$21,513,815
Program services expenses (Part IX)
$3,016,854
Management and general expenses
$634,700
Fundraising expenses
$0
Program service expenses (Part III)
$3,016,854

Program services were 82.6% 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

    $622,969

  • 1f · All other contributions, gifts and grants

    $7,887,462

  • 1g · Noncash contributions included above

    $6,000

  • 3 · Investment income

    total $292,551 · excluded $292,551

  • 6a · Gross rents

    real property $31,053

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $31,053

  • 6d · Net rental income or loss

    total $31,053 · excluded $31,053

  • 7a · Gross sales of assets other than inventory

    securities $439,919

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

    securities $0

  • 7c · Gain or loss

    securities $439,919

  • 7d · Net gain or loss

    total $439,919 · excluded $439,919

  • 8a · Fundraising events: gross income

    $0

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

    $622,969

  • 8b · Fundraising events: direct expenses

    $254,770

  • 8c · Net income from fundraising events

    total -$254,770 · excluded -$254,770

  • 11a · Other revenue: AFFILIATED MANAGEMENT FEES

    total $1,650,480 · related or exempt $1,650,480

  • 11b · Other revenue: MISCELLANEOUS

    total $172 · related or exempt $172

  • 11e · Other revenue, total

    $1,650,652

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,889,124 · program services $1,889,124

  • 5 · Compensation of officers, directors and key employees

    total $150,188 · program services $150,188

  • 7 · Other salaries and wages

    total $903,432 · program services $415,354 · management and general $488,078

  • 8 · Pension plan contributions

    total $22,114 · program services $11,870 · management and general $10,244

  • 9 · Other employee benefits

    total $86,979 · program services $46,687 · management and general $40,292

  • 10 · Payroll taxes

    total $78,383 · program services $42,073 · management and general $36,310

  • 11b · Fees: legal

    total $19,419 · program services $19,419

  • 11c · Fees: accounting

    total $18,040 · program services $18,040

  • 11g · Fees: other

    total $206,525 · program services $206,525

  • 12 · Advertising and promotion

    total $68,123 · program services $68,123

  • 13 · Office expenses

    total $25,083 · program services $19,003 · management and general $6,080

  • 14 · Information technology

    total $19,872 · program services $19,872

  • 16 · Occupancy

    total $79,431 · program services $47,508 · management and general $31,923

  • 17 · Travel

    total $46,499 · program services $24,726 · management and general $21,773

  • 19 · Conferences, conventions and meetings

    total $4,201 · program services $4,201

  • 23 · Insurance

    total $34,141 · program services $34,141

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $638,284 · end of year $2,334,672

  • 3 · Pledges and grants receivable

    beginning of year $110,297 · end of year $4,845,221

  • 4 · Accounts receivable

    beginning of year $228,659 · end of year $115,166

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,008 · end of year $8,160

  • 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 $11,618,439 · end of year $12,989,924

  • 15 · Other assets

    beginning of year $1,383,723 · end of year $1,379,186

  • 17 · Accounts payable and accrued expenses

    beginning of year $127,354 · end of year $158,514

  • 19 · Deferred revenue

    beginning of year $1 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $8,456,061 · end of year $11,549,775

  • 28 · Net assets with donor restrictions

    beginning of year $5,404,994 · end of year $9,964,040

Mission and programs · 2023

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.

  • THE CENTERSTONE FOUNDATION SECURES PHILANTHROPIC RESOURCES TO SUPPORT CENTERSTONE'S NOBLE PURPOSE, "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. CENTERSTONE OF INDIANA IS THE SOLE CORPORATE MEMBER OF THE CENTERSTONE FOUNDATION.THE CENTERSTONE FOUNDATION IS STRUCTURED IS SET UP TO BE CONNECTED TO ONE OF ITS BENEFICIARIES. THEREFORE, CENTERSTONE OF INDIANA IS THE SOLE CORPORATE MEMBER OF THE CENTERSTONE FOUNDATION. AND, CENTERSTONE OF AMERICA, INC. IS THE SOLE CORPORATE MEMBER OF CENTERSTONE OF INDIANA. FOR THE 2024 TAX YEAR ENDED JUNE 30, 2024, CENTERSTONE OF AMERICA AND ITS AFFILIATES EARNED GROSS REVENUE OF $378 MILLION.CENTERSTONE IS A NONPROFIT HEALTH SYSTEM PROVIDING MENTAL HEALTH AND SUBSTANCE USE DISORDER TREATMENTS. SERVICES ARE AVAILABLE IN FLORIDA, ILLINOIS, INDIANA, NORTH CAROLINA, AND TENNESSEE THROUGH THE OPERATION OF OUTPATIENT CLINICS, RESIDENTIAL PROGRAMS, SCHOOL-BASED SERVICES, TELEHEALTH, AND AN INPATIENT HOSPITAL. CENTERSTONE ALSO OFFERS SPECIALIZED PROGRAMS AVAILABLE NATIONWIDE FOR THE MILITARY COMMUNITY, AS WELL AS SERVICES FOR CHILDREN, INCLUDING THERAPEUTIC FOSTER CARE. CENTERSTONE'S INSTITUTE PROVIDES GUIDANCE THROUGH RESEARCH AND TECHNOLOGY, LEVERAGING THE BEST EVIDENCE-BASED PRACTICES FOR USE ACROSS OUR COMMUNITIES. CENTERSTONE'S FOUNDATION SECURES PHILANTHROPIC RESOURCES TO SUPPORT THE WORK AND MISSION OF DELIVERING CARE THAT CHANGES PEOPLE'S LIVES. CENTERSTONE PROVIDES CARE FOR MORE THAN 110,000 INDIVIDUALS AND FAMILIES ANNUALLY, AND IS ACCREDITED BY CARF AND THE JOINT COMMISSION.THE FOUNDATION'S AFFILIATES INCLUDE:CENTERSTONE OF FLORIDA IS THE LEADING COMMUNITY BEHAVIORAL HEALTH HOSPITAL AND OUTPATIENT PRACTICE IN SOUTHWEST FLORIDA. WITH A HISTORY SPANNING MORE THAN SIX DECADES AND FULL CONTINUUM OF BEHAVIORAL HEALTH SERVICES, WE ARE WORKING TO CHANGE THE LIVES OF CHILDREN, TEENS, ADULTS AND SENIORS WHO FACE TRAUMA, ADDICTIONS, PSYCHIATRIC ILLNESSES AND EMOTIONAL DISORDERS. CENTERSTONE OF FLORIDA SERVES NEARLY 20,000 PEOPLE OF ALL AGES. CENTERSTONE OF FLORIDA IS ACCREDITED BY THE JOINT COMMISSION.CENTERSTONE OF ILLINOIS SERVES CHILDREN, YOUTH, ADULTS AND FAMILIES THROUGH MENTAL HEALTH COUNSELING, SUBSTANCE USE TREATMENT, LIFE SKILLS ENRICHMENT PROGRAMS, AND SPECIALIZED SERVICES FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. EACH YEAR, CENTERSTONE OF ILLINOIS SERVICES NEARLY 10,000 PEOPLE OF ALL AGES IN SOUTHERN ILLINOIS AND THE METRO EAST ST. LOUIS AREA. CENTERSTONE OF ILLINOIS IS ACCREDITED BY CARF INTERNATIONAL.CENTERSTONE OF INDIANA PROVIDES AN ARRAY OF MENTAL HEALTH TREATMENT, SUBSTANCE USE DISORDER TREATMENT, INTEGRATED PRIMARY CARE, THERAPEUTIC FOSTER CARE AND SUPPORTIVE SERVICES TO MORE THAN 30,000 PEOPLE OF ALL AGES ACROSS SOUTHERN AND CENTRAL INDIANA EACH YEAR. CENTERSTONE HAS BEEN RECOGNIZED BY THE STATE OF INDIANA FOR ITS INNOVATIVE SERVICES IN ADDICTIONS CARE AND RE-ENTRY SERVICES. WE ARE ACCREDITED BY CARF INTERNATIONAL AND HAVE RECEIVED HEALTH HOME STATUS. CENTERSTONE OF INDIANA'S SUBSIDIARIES INCLUDE THE CENTERSTONE FOUNDATION, INC., CENTERSTONE SUPPORTIVE HOUSING, LLC AND INDEPENDENT LIVING. CENTERSTONE OF TENNESSEE HAS PROVIDED A WIDE RANGE OF MENTAL HEALTH, ADDICTION, AND THERAPEUTIC FOSTER CARE SERVICES TO PEOPLE OF ALL AGES FOR MORE THAN 60 YEARS. THROUGH OPERATIONS IN THE MIDDLE AND EAST TENNESSEE REGIONS, CENTERSTONE SERVES OVER 40,000 CHILDREN, ADOLESCENTS, ADULTS AND SENIORS EACH YEAR. CENTERSTONE OF TENNESSEE IS ACCREDITED BY CARF INTERNATIONAL AND IS A MEMBER ORGANIZATION OF THE NATIONAL FOOTBALL LEAGUE'S NFL LIFELINE.CENTERSTONE'S RESEARCH INSTITUTE IS DEDICATED TO BRIDGING THE GAP BETWEEN EVIDENCE AND PRACTICE, BRINGING INDUSTRY PROVEN AND HIGH-VALUE PRACTICES TO OUR PHYSICIANS, NURSES AND PRACTITIONERS. THIS IS ACCOMPLISHED THROUGH RESEARCH AND EVALUATION STUDIES TO DEFINE BEST PRACTICE AND ADVANCE THE TREATMENT AND PREVENTION OF MENTAL HEALTH AND ADDICTION DISORDERS. STAFF WORK CLOSELY WITH OUR CENTERSTONE AFFILIATES TO DELIVER CLINICALLY EXCELLENT, EVIDENCE-BASED AND VALUE-CARE MODELS. CENTERSTONE'S RESEARCH INSTITUTE EMBRACES TRANSPARENCY AND MEASUREMENT AS A MEANS TO ENHANCING PATIENT CARE.CENTERSTONE'S MILITARY SERVICES WORKS TO ENSURE THAT SERVICE MEMBERS, VETERANS AND THEIR FAMILIES HAVE THE RESOURCES AND SUPPORT NEEDED TO LEAD HEALTHY AND FULFILLING LIVES BEYOND MILITARY SERVICE. WE OFFER A VARIETY OF SERVICES TO ADDRESS MANY ISSUES INCLUDING COMBAT STRESS, TRAUMA, HOMELESSNESS, DEPRESSION, ADDICTION, MARRIAGE ISSUES, PARENT-CHILD RELATIONSHIP REPAIR, AND OTHER INVISIBLE WOUNDS OF WAR. THIS INCLUDES THOSE WHO ARE CURRENTLY SERVING OR HAVE SERVED IN ANY BRANCH OF THE MILITARY REGARDLESS OF DISCHARGE STATUS OR CONFLICT IN WHICH THEY SERVED.HOMEWOOD INSURANCE COMPANY, INC. WAS FORMED IN JUNE 2021 AS A CAPTIVE INSURANCE COMPANY SOLELY OWNED BY CENTERSTONE OF AMERICA, INC. CENTERSTONE WILL UTILIZE THE CAPTIVE PRIMARILY AS A FORMALIZED FUNDING MECHANISM TO FACILITATE A GRADUAL INCREASE IN SELF-INSURED RETENTION THEREBY REDUCING THE COMPANY'S RELIANCE ON COMMERCIAL COVERAGE TO THE HIGHER, NON-WORKING LOSS EXPOSURE LAYERS. THE CAPTIVE WILL BE UTILIZED TO FUND THE COMPANY'S SELF-INSURED EXPOSURES FOR ITS MEDICAL PROFESSIONAL, GENERAL AND AUTOMOBILE LIABILITY PROGRAMS.

    Expenses $3,016,854 · Grants $1,889,124 · Revenue $1,650,652

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JULIE SPEARS

    REGIONAL FINANCE DIRECTOR

    Total calculated
    $191,831
    From this org
    $0
    From related orgs
    $161,910
    Other
    $29,921
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $142,957 related
    Bonus
    $0
    Other
    $0 + $18,953 related
    Deferred
    $0 + $10,281 related
    Nontaxable benefits
    $0 + $19,640 related
    Filer's total
    $0 + $191,831 related

  • RAMONA RHODES

    FOUNDATION PRESIDENT

    Total calculated
    $150,188
    From this org
    $141,888
    From related orgs
    $0
    Other
    $8,300
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,659
    Bonus
    $0
    Other
    $31,229
    Deferred
    $8,300
    Nontaxable benefits
    $0
    Filer's total
    $150,188

  • TIMOTHY KNOWLES

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • BRUCE BARRICK

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JOHN VOIGT

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • JACK WALLACE

    IMMEDIATE PAST CHAIR

    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 + 3 related

  • TOM MAHLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • BRAD SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CAROL ZWICK

    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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
4 December 2024
IRS schema version
2023v5.1
Source object
202443409349300124

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