Cornerstone Hopelink Foundation
- Assets
- $79.7k
- Revenue
- $25.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Sumner, WA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-4249903
Organization Overview
Cornerstone Hopelink Foundation is located in Sumner, WA. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Hopelink 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 12/2021, Cornerstone Hopelink Foundation generated $25.0k 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 (29.3%) each year. All expenses for the organization totaled $24.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,045 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,045 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $241 |
| Total operating and administrative expenses | $241 |
| Contributions, gifts, grants paid | $24,485 |
| Total expenses and disbursements | $24,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $79,714 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $79,714 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Cornerstone Hopelink Foundation has awarded $24,485 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Tacoma, WA PURPOSE: OUTREACH AND MINISTRY | $21,161 |
MISSION CONCEPTS PURPOSE: OUTREACH AND MINISTRY | $2,500 |
CLARISSA ROSARIO COLLEGE FUND PURPOSE: ASSISTANCE | $824 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Millionair Club Inc Seattle, WA | $7,228,719 | $9,759,865 |
Catholic Community Service Inc Juneau, AK | $2,481,573 | $8,532,402 |
Community Action Agency Inc Lewiston, ID | $4,285,753 | $7,930,583 |
Children Of The Nations Silverdale, WA | $5,479,782 | $9,198,236 |
Aleutian Pribilof Island Community Development Association Apicda Juneau, AK | $174,975,366 | $13,959,274 |
Benton-Franklin Community Action Committee Inc Pasco, WA | $3,388,057 | $7,555,364 |
Pierce County Alliance Tacoma, WA | $6,078,507 | $8,246,140 |
United Indians Of All Tribes Foundation Seattle, WA | $5,174,405 | $8,250,554 |
Step By Step Family Support Center Milton, WA | $15,690,929 | $9,923,748 |
Okanogan County Community Action Council Inc Okanogan, WA | $1,971,419 | $6,852,467 |
Self---Support For Early Learning & Families Vancouver, WA | $1,119,732 | $6,082,785 |
Latino Community Fund Of Washingtonstate Seattle, WA | $5,864,865 | $7,422,173 |