Cornerstone Magazine Inc
- Assets
- $56.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Land O Lakes, FL
- Founding
- 01/2017
- Data as of
- 12/2023
- EIN
- 81-2026570
Organization Overview
Cornerstone Magazine Inc is located in Land O Lakes, FL. The organization was established in 2017. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, 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 Magazine 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 12/2023, Cornerstone Magazine Inc generated $34.3k 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 (3.4%) each year. All expenses for the organization totaled $35.8k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
PUBLISHED AND DISTRIBUTED SIX (6) ISSUES OF CORNERSTONE'S BI-MONTHLY MAGAZINE TO OVER 3,300 SUBSCRIBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Dunlap President & Director | 0.58 | $0 | |
Mark Kolchin Editor & Director | 4.04 | $0 | |
Pheng T Tan Secretary & Director (resigned 9/21/23) | 0 | $0 | |
George Ferrier Assistant Editor & Director | 1.44 | $0 | |
Brian Gunning Director | 0.08 | $0 | |
Eileen Lee Treasurer (not A Director) | 3.94 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,318 |
| 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 | $34,318 |
| 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 | $1,966 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $33,308 |
| Other expenses | $572 |
| Total expenses | $35,846 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,954 |
| Other assets | $0 |
| Total assets | $56,201 |
| Total liabilities | $0 |
| Net assets or fund balances | $56,201 |