Cornerstone Family Ministries 
The information on this page was last updated 5/21/2026. If you see errors or omissions, please email: [email protected]
Summary
At Cornerstone Family Ministries we positively impact the students and families we serve through:
Nourishing Bodies
Developing Minds
Fostering Hope Through Christ
Contact information
Mailing address:
Cornerstone Family Ministries
PO Box 4576
Tampa, FL 33677
Website: www.cornerstonefamilyministries.org
Phone: (813) 253-3853
Email: [email protected] [email protected]
Organization details
EIN: 590638509
CEO/President: Cathy Capo Stone
Chairman: Curtis Parry Jr.
Board size: 10
Founder: Eliza Wolff and Rosa Valdez
Ruling year: 1977
Tax deductible: Yes
Fiscal year end: 09/30
Member of ECFA: No
Member of ECFA since:
Purpose
All disadvantaged children in our community will have access to nutritious food,quality safe early childhood care education and opportunities to connect to the sustaining love of Jesus Christ through a local church.
Mission statement
The mission of Cornerstone Family Ministries is to make a lasting and positive impact in the lives of economically disadvantaged children and their families in our community by nourishing young bodies, developing young minds, and fostering hope through Christ...One Child at a time.
Statement of faith
Articles
| 6/5/2026 | Anderson University, Dallas Christian School Jump Into Highest Tier for Financial Efficiency |
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 122 of 1435 | 23 of 148 |
| Fund acquisition rating | | 108 of 1435 | 10 of 148 |
| Resource allocation rating | | 57 of 1435 | 11 of 148 |
| Asset utilization rating | | 705 of 1436 | 78 of 148 |
According to the organization's Form 990, it received $7,622,191 in government grants in 2025.
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 0% | 0% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 91% | 95% | 94% | 95% | 97% | 97% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 0% | 0% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 9% | 5% | 6% | 5% | 3% | 3% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 96% | 97% | 95% | 94% | 96% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 103% | 101% | 97% | 62% | 94% |
Program output ratio Program output ratio = Program services / Total revenue | 79% | 98% | 97% | 93% | 58% | 90% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | -3% | -1% | 3% | 38% | 6% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 4% | -3% | -1% | 3% | 54% | 43% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 4% | 3% | 4% | 6% | 4% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.02 | 1.09 | 1.01 | 0.94 | 0.77 | 3.05 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.89 | 5.68 | 4.81 | 4.80 | 5.34 | 1.27 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.14 | 6.17 | 4.85 | 4.51 | 4.10 | 3.86 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 12.56 | 1.53 | 1.61 | 1.76 | 1.75 | 1.94 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.65 | 0.62 | 0.57 | 0.57 | 0.52 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.79 | 0.68 | 0.93 | 1.15 | 1.26 | 1.51 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 11% | 13% | 12% | 11% | 52% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 12% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 77% | 82% | 86% | 94% | 116% | 16% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $628,596 | $803,678 | $852,964 | $458,233 | $931,647 |
| Receivables, inventories, prepaids | $627,780 | $1,004,112 | $1,007,022 | $1,095,421 | $772,741 |
| Short-term investments | $135,837 | $0 | $0 | $114,363 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,392,213 | $1,807,790 | $1,859,986 | $1,668,017 | $1,704,388 |
| Long-term investments | $0 | $127,818 | $120,871 | $0 | $145,690 |
| Fixed assets | $4,560,988 | $4,540,501 | $4,487,702 | $4,528,479 | $308,027 |
| Other long-term assets | $1,955,978 | $2,215,626 | $2,466,841 | $2,710,397 | $0 |
| Total long-term assets | $6,516,966 | $6,883,945 | $7,075,414 | $7,238,876 | $453,717 |
| Total assets | $7,909,179 | $8,691,735 | $8,935,400 | $8,906,893 | $2,158,105 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $671,288 | $1,124,577 | $1,058,509 | $951,590 | $878,624 |
| Other current liabilities | $235,802 | $0 | $0 | $0 | $0 |
| Total current liabilities | $907,090 | $1,124,577 | $1,058,509 | $951,590 | $878,624 |
| Debt | $0 | $1,840 | $3,682 | $5,871 | $250,611 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $0 | $1,840 | $3,682 | $5,871 | $250,611 |
| Total liabilities | $907,090 | $1,126,417 | $1,062,191 | $957,461 | $1,129,235 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $848,818 | $1,149,877 | $1,059,611 | $984,058 | $704,530 |
| With donor restrictions | $6,153,271 | $6,415,441 | $6,813,598 | $6,965,374 | $324,340 |
| Net assets | $7,002,089 | $7,565,318 | $7,873,209 | $7,949,432 | $1,028,870 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $7,897,967 | $8,206,342 | $8,214,296 | $10,775,553 | $6,821,451 |
| Program service revenue | $180,300 | $182,275 | $141,028 | $110,207 | $77,619 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $95,406 | $9,111 | $14,834 | $8,759 | $12,299 |
| Other revenue | $181,023 | $306,541 | $252,194 | $209,595 | $115,565 |
| Total other revenue | $456,729 | $497,927 | $408,056 | $328,561 | $205,483 |
| Total revenue | $8,354,696 | $8,704,269 | $8,622,352 | $11,104,114 | $7,026,934 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $8,224,733 | $8,470,838 | $8,008,590 | $6,424,721 | $6,292,585 |
| Management and general | $361,835 | $303,964 | $372,032 | $401,560 | $286,029 |
| Fundraising | $0 | $0 | $9,790 | $10,386 | $4,813 |
| Total expenses | $8,586,568 | $8,774,802 | $8,390,412 | $6,836,667 | $6,583,427 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | ($231,872) | ($70,533) | $231,940 | $4,267,447 | $443,507 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($231,872) | ($70,533) | $231,940 | $4,267,447 | $443,507 |
Compensation
| Name | Title | Compensation |
| Cathy Stone | Executive Di | $149,804 |
Compensation data as of: 9/30/2025
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 5/21/2026. To update the information below, please email: [email protected]
History
Conerstone Family Ministries (CFM) has a unique history dating back to 1892.
In the late 19th century, segregation ruled the public arena. For many of Tampa's immigrant families there were no public schools open to their children. Rosa Valdez was a Hispanic woman who lived in Tampa and was moved by the plight of the newly arriving immigrant children. With her own funds and the help of benefactors, she established a small school in her west Tampa neighborhood. At the same time, Eliza Wolff, who wintered in Tampa, pleaded with the Women's Home Missionary Society of the Methodist Episcopal Church South (today known as United Methodist Women) to form a mission school for the immigrants living in east Tampa. The determination and caring of these two women was the foundation of the mission that is now known as Cornerstone Family Ministries. The public schools eventually opened their doors to Latino children, so a settlement program was instituted to meet broader needs of the families like cooking and sewing classes that would benefit children in their home environment. Cornerstone Family Ministries has evolved through the years and is now represented by a broad section of the Christian community who like Rosa Valdez and Eliza Wolff are moved to make a difference for Christ in the lives of marginalized children and their families. Moving with the times and the changes in the neighborhoods that make up Tampa's inner-city, Cornerstone serves the needs of children from diverse backgrounds using education and Christian character building to equip children and their families to navigate the difficult circumstances they find themselves in so that they can realize hope for a brighter tomorrow.