Cornerstone Ministries International
- Assets
- $12.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rochelle, IL
- Founding
- 09/1985
- Data as of
- 12/2020
- EIN
- 43-1377134
Organization Overview
Cornerstone Ministries International is located in Rochelle, IL. The organization was established in 1985. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Ministries International 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 12/2020, Cornerstone Ministries International generated $29.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (29.8%) each year. All expenses for the organization totaled $55.8k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
SUPPORT AND MAINTENANCE OF A PHILIPPINE ORPHANAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Erickson President | 10 | $0 | |
Anne Erickson Sec/treas | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,160 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $29,160 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $55,763 |
| Total expenses | $55,763 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,213 |
| Other assets | $0 |
| Total assets | $12,213 |
| Total liabilities | $0 |
| Net assets or fund balances | $12,213 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cornerstone Ministries International has recieved totaling $115,000.
| Awarding Organization | Amount |
|---|---|
Tru Needs Inc Litchfield, IL PURPOSE: SUPPORT AND MAINTENANCE OF AN ORPHANAGE | $115,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Resourcing Christian Education International Nfp Wheaton, IL | $4,529,324 | $9,552,178 |
Freedom From Religion Foundation Inc Madison, WI | $25,982,708 | $9,398,786 |
Mission Eurasia Wheaton, IL | $4,079,309 | $7,777,222 |
G O Ministries Inc Louisville, KY | $3,216,170 | $6,018,777 |
Lutheran Bible Translators Inc Concordia, MO | $15,904,913 | $8,793,746 |
Refugeeone Chicago, IL | $12,176,477 | $10,528,802 |
Jehovah-Jireh Foundation Inc Jeffersonville, IN | $48,262,098 | $3,821,165 |
Kids Across America Branson, MO | $15,902,662 | $5,474,356 |
Good Shepherd Children And Family Services St Louis, MO | $11,979,849 | $5,884,271 |
Provident Ministries Ltd South Bend, IN | $1,633,793 | $5,569,454 |
Faith And Learning International Nfp Wheaton, IL | $3,798,689 | $6,103,075 |