Cornerstone Studios Limited
- Assets
- $20.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-3421838
Organization Overview
Cornerstone Studios Limited is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Studios Limited 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 Studios Limited generated $75.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $70.3k during the year ending 12/2021. While expenses have increased by 13.8% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
ADVANCE PUBLIC INTEREST IN UNDERSTANDING THE ARTS IN WASHINGTON HEIGHTS INWOOD NEIGHBORHOOD OF MANHATTAN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Hoppa President | 4 | $0 | |
David Hemingson Member | 2 | $0 | |
Rev John Z Flack Ex Oficio Member | 1 | $0 | |
Kristin Spix Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,110 |
| Total Program Service Revenue | $0 |
| Membership dues | $65,805 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $75,915 |
| 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 | $575 |
| Occupancy, rent, utilities, and maintenance | $61,834 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,908 |
| Total expenses | $70,317 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,694 |
| Other assets | $0 |
| Total assets | $20,694 |
| Total liabilities | $5,222 |
| Net assets or fund balances | $15,472 |
Peer Organizations
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|---|---|---|
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Municipal Art Society Of New York New York, NY | $12,093,728 | $3,370,052 |
The Wildenstein Plattner Institute New York, NY | $1,898,409 | $4,064,152 |
Drawing Center Inc New York, NY | $11,094,197 | $3,697,448 |
Conservation Center For Art And Historic Artifacts Philadelphia, PA | $4,515,696 | $3,186,711 |
Clay Studio Philadelphia, PA | $16,944,971 | $9,873,164 |
Van Alen Institute Projects In Public Architecture Brooklyn, NY | $44,490,814 | $3,072,994 |
Urbanglass New York Contemporary Glass Center Inc Brooklyn, NY | $1,687,992 | $2,437,335 |
American Institute Of Architects New York, NY | $10,952,534 | $3,079,461 |
Manchester Craftsmens Guild Pittsburgh, PA | $15,522,345 | $4,460,670 |