Cornerstone Medical Services Foundation
- Assets
- $47.0k
- Revenue
- $152.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Federal Way, WA
- Founding
- 08/2011
- Data as of
- 12/2018
- EIN
- 27-3832515
Organization Overview
Cornerstone Medical Services Foundation is located in Federal Way, WA. The organization was established in 2011. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Medical Services Foundation 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 12/2018, Cornerstone Medical Services Foundation generated $152.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.2%) each year. All expenses for the organization totaled $154.5k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (25.4%) per year over the past 4 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO IMPROVE THE HEALTH ACCESS AND OUTCOMES FOR THE UNDERSERVED, ULIMITED ENGLISH PROFICIENCY IMMIGRANTS WITH A VISION THAT THE PERSONS WHO TAKES CARE OF OTHERS EXPERIENCE THE MOST POWERFUL FORM OF EQUITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2018, CMS PROVIDED FREE CONSULTATIONS AND FREE PRESCRIPTIONS FOR LOW INCOME PATIENTS, FREE QUIT SMOKING PROGRAMS TO THE GENERAL PATIENTS, SLIDING FEE SCALE MEDICAL SERVICES FOR THE UNINSURED PATIENTS, VARIOUS FREE VACICINES AND FREE FLU SHOTS TO THE UNINSURED LOW INCOME FAMILIES. CMS PROVIDED THE END OF LIFE CARE FOR SOME TERMINALLY ILL PATIENTS AND PROVIDED SESSIONS OF 15 MINUTES RADIO TALK PUBLIC EDUCATION TO THE LOCAL COMMUNITIES. OF 15 MINUES RADIO TALK FOR PUBLIC HEALTH EDUCATION IN THE LOCAL RADIO STATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jai Jun Byeon CEO | Officer | 8 | $0 |
Jason Lee Director | Trustee | 1 | $0 |
Joe Ha Chair | Trustee | 1 | $0 |
Chris Kim Director | Trustee | 1 | $0 |
Heonmin Lim Director | Trustee | 1 | $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 | $45,648 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,648 |
| Total Program Service Revenue | $93,239 |
| Investment income | $62 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,000 |
| 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 | $152,949 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,800 |
| 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 | $3,461 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $132 |
| Fees for services: Management | $28,256 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,664 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,814 |
| Information technology | $8,657 |
| Royalties | $0 |
| Occupancy | $70,307 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,042 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,744 |
| Insurance | $0 |
| All other expenses | $25,262 |
| Total functional expenses | $154,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,117 |
| 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 | $19,836 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,953 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $46,953 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $46,953 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cornerstone Medical Services Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Seattle Cancer Care Alliance Seattle, WA PURPOSE: SCCA COMMUNITY HEALTH IMPROVEMENT GRANTS | $7,500 |
Seattle Cancer Care Alliance Seattle, WA PURPOSE: SCCA COMMUNITY HEALTH IMPROVEMENT GRANTS | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Garcia Memorial Health Center Aloha, OR | $86,078,591 | $92,633,817 |
International Community Health Services Seattle, WA | $68,689,108 | $77,204,010 |
Columbia Basin Health Association Othello, WA | $104,325,193 | $64,489,572 |
Columbia Valley Community Health Wenatchee, WA | $78,404,723 | $56,441,371 |
Community Health Clinics Inc Nampa, ID | $33,428,784 | $52,318,309 |
Tri Cities Community Health Pasco, WA | $40,247,237 | $48,582,572 |
La Clinica Del Valle Family Health Care Center Inc Medford, OR | $55,035,443 | $47,900,757 |
Dirne Health Centers Inc Coeur Dalene, ID | $28,010,711 | $47,402,119 |
Unity Care Northwest Bellingham, WA | $45,628,581 | $41,863,654 |
Country Doctor Community Clinic Seattle, WA | $30,444,919 | $37,049,061 |
Seattle Indian Health Board Seattle, WA | $30,642,296 | $38,962,941 |
Health West Inc Pocatello, ID | $30,608,192 | $31,630,183 |