Cornerstone Community Ministries Inc
- Assets
- $1.0m
- Revenue
- $251.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Elizabethtown, PA
- Founding
- 02/2004
- Data as of
- 06/2023
- EIN
- 25-1900867
Organization Overview
Cornerstone Community Ministries Inc is located in Elizabethtown, PA. The organization was established in 2004. According to its NTEE Classification (X90) the organization is classified as: Interfaith Coalitions, under the broad grouping of Religion-Related and related organizations. As of 06/2023, Cornerstone Community Ministries Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Community Ministries Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Cornerstone Community Ministries Inc generated $251.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $274.7k during the year ending 06/2023. While expenses have increased by 5.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO MEET THE SPIRITUAL AND PRACTICAL NEEDS OF YOUTH IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIDAY NIGHT & SATURDAY NIGHT OUTREACH TO YOUTH ALLOWING INTERACTION WITH VOLUNTEERS WHO PROVIDE SPIRITUAL AND PRACTICAL ADVICE AS WELL AS FRIENDSHIP, AVERAGE 60-100/WEEK AFTER SCHOOL OUTREACH ON MONDAY THROUGH THURSDAY, AVERAGE 5-15/WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Bush Executive Di | Officer | 40 | $16,615 |
Norman Smith Board Chair | OfficerTrustee | 4 | $0 |
Mason Brown Asst. Board | OfficerTrustee | 4 | $0 |
Kenneth Wolfe Board Treasu | OfficerTrustee | 4 | $0 |
Kevin Smith Board Secret | OfficerTrustee | 4 | $0 |
Ed Cunningham Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,640 |
| Noncash contributions included in lines 1a–1f | $600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,640 |
| Total Program Service Revenue | $28,404 |
| Investment income | $423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,296 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $251,763 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,318 |
| Pension plan accruals and contributions | $330 |
| Other employee benefits | $0 |
| Payroll taxes | $8,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,112 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $54 |
| Office expenses | $12,879 |
| Information technology | $4,672 |
| Royalties | $0 |
| Occupancy | $31,741 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,649 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,539 |
| Insurance | $9,873 |
| All other expenses | $598 |
| Total functional expenses | $274,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,201 |
| Savings and temporary cash investments | $56,178 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $888,249 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,031,628 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $399,225 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $399,225 |
| Net assets without donor restrictions | $624,376 |
| Net assets with donor restrictions | $8,027 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,031,628 |