The Cornerstone Creative Inc
- Assets
- $52.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gloucester, MA
- Founding
- Data as of
- 12/2022
- EIN
- 83-4250760
Organization Overview
The Cornerstone Creative Inc is located in Gloucester, MA. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Creative 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 12/2022, Cornerstone Creative Inc generated $82.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (19.5%) each year. All expenses for the organization totaled $104.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Quinn President | 40 | $37,500 | |
Amanda Chittick Treasurer | 1 | $0 | |
Dylan Girard Clerk | 1 | $0 | |
Kathlen Quinn Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,370 |
| Total Program Service Revenue | $16,941 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $82,311 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $37,500 |
| Professional fees and other payments to independent contractors | $980 |
| Occupancy, rent, utilities, and maintenance | $15,103 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $50,466 |
| Total expenses | $104,049 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,143 |
| Other assets | $0 |
| Total assets | $52,328 |
| Total liabilities | $137 |
| Net assets or fund balances | $52,191 |