New Cornerstone Group Inc

Nonprofit profile at a glance

EIN: 710877159
IRS 990-EZ coverage: 2021–2024
Forms available: Form 990-EZ 2024
Location: South Euclid, OH, USA
Phone: 2162560592
Rating: 85
Verdict: STRONG
Rating confidence: Moderate
Sector: Education N.E.C.

Reported finances

Revenue: $71,000
Expenses: $39,829
Assets: $42,775
Liabilities: $0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

Blanton Harper (President)
Richard Gibson (Vice-President)

People named in this filing

Blanton Harper (President)
Richard Gibson (Vice-President)
Joyce McIntosh (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To raise funds to support and implement youth enrichment and community outreach services

What it reported doing in 2024

Arts For The Soul Youth Program. 25 youth (between the ages of 8 and 14) were taught theatre, dance and choral singing on Saturdays from 9 AM to 12 Noon in the spring and fall. 64 youth (between the ages of 8 and 16) were engaged in mural painting, urban farming and culinary preparations in the summer, Monday to Friday, from 9 AM to 4 PM for 6 weeks. A free breakfast and lunch was provided as well.

Operating model

Revenue model: Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model: Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

Financial Efficiency: 72
Transparency & Controls: 100
Sustainability: 71
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 55.5%; rating input score 56
Program expense ratio: 99%; rating input score 99

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: 43.9%; rating input score 89; 89th percentile among comparable filings
Total-asset coverage ratio: 1.07; rating input score 48; 48th percentile among comparable filings
Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: 85.1% per year; rating input score 100; 97th percentile among comparable filings
Revenue growth: 59.2% per year; rating input score 100; 97th percentile among comparable filings
Asset growth: 45.4% per year; rating input score 100; 95th percentile among comparable filings

Details

Where the money goes: 55.5% of revenue deployed · 99% of spending went to programs
Governance: Filed governance answers
Accomplishments: 2 filed program accomplishments · $39K in reported program spending
Leadership: top reported pay $0 · 5 people listed
Consistency: 9 of 9 current checks pass
Schedules: 2 filed schedules
Filing history: 4 filing years from 2021 to 2024
Contacts: How to reach this organization
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 56/100.
Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
Review — Sustainability: Officer compensation ratio scored 56/100.