EIN 26-1186476

Centerstone Foundation

IRS 501(c) type
501(c)(3)
Num. employees
9
Year formed
2007
Most recent tax filings
2023-06-01
Description
The Centerstone Foundation dedicates itself to delivering care that changes people's lives. It secures philanthropic resources to support Centerstone's mission both now and in the future. In addition, it procures funding for affiliates and individuals in need of mental health services. The foundation is located in Nashville, TN.
Total revenues
$3,395,771
2023
Total expenses
$3,145,779
2023
Total assets
$13,988,410
2023
Num. employees
9
2023

Program areas at Centerstone Foundation

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 2023 tax year ended june 30, 2023, Centerstone of america and its affiliates earned gross revenue of $336 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 more than 10,000 people of all ages in southern Illinois and the metro east st. louis area. We are 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 approximately 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 50,000 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.centerstone solutions is a specialty organization of Centerstone, creating healthcare management solutions that improve access to services and advance patient care and outcomes. We operate a provider network that delivers counseling services for Centerstone's military services' referrals, and provide employee assistance programs and other employee wellness services to regional employers. 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.

Grants made by Centerstone Foundation

GranteeGrant descriptionAmount
Centerstone Research Institute (CRI)Support Tax-Exempt Purpose$0
Centerstone of IndianaSupport Tax-Exempt Purpose$0
Centerstone Military ServicesSupport Tax-Exempt Purpose$0
...and 3 more grants made

Who funds Centerstone Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Community Foundation of Middle Tennessee (CFMT)Entire Grant Amount To Be Earmarked for Centerstone's Military Services Division.$200,000
Community Foundation of Middle Tennessee (CFMT)Annual Distribution$76,320
Louise B Wallace Foundation 19702To Support Charity$25,000
...and 13 more grants received

Personnel at Centerstone Foundation

NameTitleCompensation
Carol BeanChief Financial Officer
Steven C HolmanPast Chief Financial Officer
Bruce BarrickVice Chair$0
Timothy KnowlesChairman$0
John VoigtSecretary$0
...and 8 more key personnel

Financials for Centerstone Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,810,121
Program services$0
Investment income and dividends$294,044
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$23,387
Net gain from sale of non-inventory assets$-87,847
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,356,066
Total revenues$3,395,771

Form 990s for Centerstone Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-062023-04-18990View PDF
2021-062021-12-10990View PDF
2020-062021-04-05990View PDF
2019-062020-09-04990View PDF
2018-062019-09-14990View PDF
...and 9 more Form 990s
Data update history
October 25, 2023
Received grants
Identified 11 new grant, including a grant for $110,000 from Ayers Foundation
June 29, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Updated personnel
Identified 1 new personnel
May 31, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsMental health organizationsCharities
Issues
HealthMental health
Characteristics
Funds one specific organizationProvides grantsEndowed supportTax deductible donations
General information
Address
44 Vantage Way Suite 400
Nashville, TN 37228
Metro area
Nashville-Davidson--Murfreesboro--Franklin, TN
County
Davidson County, TN
Website URL
centerstone.org/ 
Phone
(615) 463-6610
IRS details
EIN
26-1186476
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2007
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
F11: Mental Health and Crisis Intervention Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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