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Centerstone Foundation Inc

EIN 26-1186476 · Nashville, TN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood85 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

OUR MISSION IS TO "DELIVER CARE THAT CHANGES PEOPLE'S LIVES"

Income
$5.9 million
Spending
$5.6 million
Spent on programs
87%
Reserves
27.3 months of spending
Largest source of income
donations and private grants, 71%
Employees
12
Volunteers
13
Highest pay
$226,448, regional finance officer

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 85 out of 100. Higher than 75% of charities in its peer group (mental health, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 27.3 months of spending.

  • Debt

    20 of 20

    It owes 1% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 5% of income.

  • Income trend

    0 of 15

    Income fell 45% on the year before.

  • Spending floor

    15 of 15

    87% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 69% of charities in its peer group (mental health, $1m to $10m).

  • Independent board

    25 of 25

    12 of 12 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $4.9 million spent. ESTABLISHED IN 1992 (ORIGINALLY AS THE DEDE WALLACE FOUNDATION), CENTERSTONE'S FOUNDATION EXISTS TO GENERATE PHILANTHROPIC SUPPORT FOR CENTERSTONE, IN SUPPORT OF OUR MISSION TO "DELIVER CARE THAT CHANGES PEOPLE'S LIVES." THE FOUNDATION IS ACCOUNTABLE TO OUR REGIONAL AND NATIONAL COMPNAIES IN STEWARDING, ADMINISTERING AND GROWING PHILANTHROPIC FUNDING. THE FOUNDATION IS ALSO CHARGED WITH PROVIDING EFFECTIVE STEWARDSHIP OF DONORS AND THEIR GIVING INTENTIONS, AS WELL AS GROWING THE ORGANIZATION'S PLANNED GIFTS AND ENDOWMENT. THIS WORK IS ACCOMPLISHED UNDER THE GUIDANCE AND PURVIEW OF CENTERSTONE'S FOUNDATION BOARD OF DIRECTORS, WHICH INCLUDES LEADERSHIP MEMBERS FROM ALL CENTERSTONE BENEFICIARY ORGANIZATIONS, TO REPRESENT THOSE WE SERVE. THE FOUNDATION RAISES PHILANTHROPIC SUPPORT THROUGH ANNUAL, CAPITAL AND SPECIAL GIVING CAMPAIGNS, AND THROUGH PLANNING AND HOSTING ANNUAL FUNDRAISING EVENTS IN OUR REGIONAL MARKETS. IN ADDITION, THE FOUNDATION APPLIES FOR AND SECURES PRIVATE AND CORPORATE FUNDING IN SUPPORT OF SERVICES, CLINICAL INNOVATION AND PATIENT CARE. THE FUNDING GENERATED VIA THE FOUNDATION'S EFFORTS MAY BE REPORTED ON THE FINANCIAL STATEMENTS AND FORM 990S OF OTHER CENTERSTONE BENEFICIARY ORGANIZATIONS, RATHER THAN DIRECTLY ON THE FOUNDATION'S FINANCIAL STATEMENTS AND FORM 990S. FOR THE YEAR ENDING JUNE 30, 2025, CENTERSTONE'S FOUNDATION SECURED MORE THAN $5 MILLION IN SUPPORT OF OUR MISSION'S PRIORITIES ACROSS OUR SYSTEM.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 2014.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.