Cornerstone Ministries Inc
- Assets
- $3.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hays, KS
- Founding
- 07/1993
- Data as of
- 12/2021
- EIN
- 48-1126150
Organization Overview
Cornerstone Ministries Inc is located in Hays, KS. The organization was established in 1993. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., 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 Inc 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 Ministries Inc generated $46.1k 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 (12.9%) each year. All expenses for the organization totaled $67.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 4 years. 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
HELP CHURCHES AND OTHER MINISTRIES TO REACH OUT TO THEIR COMMUNITIES. MINISTER TO THE SPIRITUAL, EMOTIONAL AND PHYSICAL NEEDS OF PEOPLE EVERYWHERE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwight Craig Atkinson Jr President | 40 | $0 | |
Debra Atkinson Secr/treasurer | 5 | $0 | |
Robert Deacon Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,555 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$18,490 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $46,065 |
| 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 | $5,127 |
| Occupancy, rent, utilities, and maintenance | $41,813 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,529 |
| Total expenses | $67,469 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,166 |
| Other assets | $0 |
| Total assets | $3,159 |
| Total liabilities | $59,312 |
| Net assets or fund balances | -$56,153 |
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