Cornerstone Family Ministries
- Assets
- $361.7k
- Revenue
- $465.9k
- Investments
- $0.0
- Employees
- 9
- Location
- Houston, TX
- Founding
- 08/2008
- Data as of
- 05/2023
- EIN
- 26-1101017
Organization Overview
Cornerstone Family Ministries is located in Houston, TX. The organization was established in 2008. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 05/2023, Cornerstone Family Ministries employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Family Ministries 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 05/2023, Cornerstone Family Ministries generated $465.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $481.3k during the year ending 05/2023. While expenses have increased by 2.7% per year over the past 5 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
CORNERSTON FAMILY MINISTRIES MISSION IS TO CATALYZE THE LOCAL CHURCH TOWARD COMMUNITY ENGAGEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICRO GROUPS: A SPACE TO CREATE SPIRITUAL GROWTH. STUDENTS SPLIT INTO GROUPS BASED ON GENDER AND AGE AND CREATE A SAFE PLACE TO CREATE RELATIONSHIPS THAT PROMOTE SPIRITUAL GROWTH.
LUMINARY: VOCATIONAL PATHWAYS COURSE FOR HIGH SCHOOL STUDENTS AIMED AT HELPING STUDENTS DISCOVER GOD'S PLAN AND CALLING ON THEIR LIVES VOCATIONALLY ON MONDAYS.
AFTER SCHOOL ENRICHMENT: MEANT TO PROVIDE A SAFTE AFFORDABLE OPTION FOR KIDS TO GO AFTER SCHOOL. WHEN KIDS ATTEND ASE, THEY ARE PICKED UP ON CORNERSTONE BUSES, TRANSPORTED TO OUR LOCATION, RECEIVE A HEALTHY SNACK, OUTDOOR PLAY, ACADEMIC SUPPORT, AND DAIL BIBLE LESSON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Benton President & CEO | Officer | 40 | $69,665 |
Kyle Cooper Chairman | Trustee | 5 | $0 |
Liz Booker Secretary | Trustee | 5 | $0 |
Sarah Beth Lathrop Trustee | Trustee | 5 | $0 |
Lisa Ortega Chairman | Trustee | 5 | $0 |
Adam Outland Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $147,020 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $297,251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $444,271 |
| Total Program Service Revenue | $19,343 |
| Investment income | $2,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $465,898 |
| 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. | $69,665 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,130 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,337 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,931 |
| Advertising and promotion | $7,253 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,494 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,744 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,834 |
| Insurance | $35,877 |
| All other expenses | $5,242 |
| Total functional expenses | $481,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,790 |
| Savings and temporary cash investments | $0 |
| 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 | $87,051 |
| Investments—publicly traded securities | $150,752 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,155 |
| Total assets | $361,748 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $146,593 |
| Other liabilities | $0 |
| Total liabilities | $146,593 |
| Net assets without donor restrictions | $177,135 |
| Net assets with donor restrictions | $38,020 |
| 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 | $361,748 |