Cornerstone Collaborative Florida Inc
Nonprofit profile at a glance
- EIN
- 825500021
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024, Form 990-EZ 2018, Form 990-N 2024
- Location
- West Palm Bch, FL, USA
- Phone
- 7816262142
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $35,693
- Expenses
- $34,156
- Assets
- $59,276
- Liabilities
- $57,739
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Keenyn McFarlane (CEO)
Highest reported compensation
- Keenyn McFarlane (CEO): $6,786 total reported compensation
- FRANCOIS FILS AIME II (Director): $5,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Collaboratives mission is to end poverty and disrupt persistent community violence by developing and delivering innovative pathways and solutions.
What it reported doing in 2024
Brunch & Ball Youth Mentoring
Operating model
- Revenue model
- Donor-supported. 72% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 61% of its reported program spending out as grants.
The verdict
MIXED - Most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 53
- Transparency & Controls: 53
- Accountability: 79
- Sustainability: 39
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 53.5%; rating input score 54
- Program expense ratio: 55.9%; rating input score 56
- Fundraising efficiency: $5.24 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings
Transparency & Controls
- Consistency checks: 83.3%; rating input score 83; 4th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 0%; rating input score 0; 21st percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Limited
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 4.3%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 1.74; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: 0.97; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 34.5%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: -21.3% per year; rating input score 0; 16th percentile among comparable filings
- Revenue growth: -16.8% per year; rating input score 0; 22nd percentile among comparable filings
- Asset growth: 19.2% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 53.5% of revenue deployed · 55.9% of spending went to programs
- Governance: 10 of 10 board members independent · 4 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $11K in reported program spending
- Leadership: top reported pay $7K · 10 people listed
- Consistency: 41 of 43 current checks pass · 2 findings to review
- Schedules: 4 filed schedules · includes grants
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 54/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- Review — Financial Efficiency: Program expense ratio scored 56/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- High — Sustainability: Officer compensation ratio scored 9/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.