American Cornerstone Institute Inc
- Assets
- $2.4m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- Data as of
- 12/2021
- EIN
- 86-1545903
Organization Overview
American Cornerstone Institute Inc is located in Washington, DC. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. As of 12/2021, American Cornerstone Institute Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Cornerstone Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION DEVELOPS AND DISTRIBUTES EDUCATIONAL PROGRAMS AND MATERIALS PROMOTING CONSERVATIVE COMMONSENSE SOLUTIONS TO THE ISSUES FACING OUR SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DEVELOPMENT AND DISTRIBUTION OF CHILDREN'S EDUCATIONAL PROGRAMS WHICH INCLUDES BOOKS, CARTOONS AND WEB-BASED LEARNING MATERIALS. THE INSTITUTE IS ALSO DEVELOPING HIGHER-LEVEL EDUCATIONAL MATERIALS TO TEACH STUDENTS ABOUT THE EXECUTIVE BRANCH OF GOVERNMENT. IN ADDITION, THE INSTITUTE DEVELOPS AND DISTRIBUTES EDUCATIONAL VIDEO AND PODCAST MATERIALS AND OP-EDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Hughes CEO | OfficerTrustee | 40 | $172,615 |
Drew Mccall COO | Officer | 40 | $172,615 |
Michael Burley Cdo | Officer | 40 | $172,615 |
Michael B Williams Secretary | Officer | 30 | $123,000 |
Irving Dennis CFO | OfficerTrustee | 40 | $70,000 |
Dr Ben Carson Chair | OfficerTrustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tma Direct Marketing | 12/30/21 | $378,737 |
Rrg Consulting Consulting | 12/30/21 | $233,000 |
Michael B Williams Chief Legal Officer | 12/30/21 | $123,000 |
Bradley Evan Bishop Progam & Communication Support | 12/30/21 | $118,610 |
Old Fifth Strategies Llc Program Support | 12/30/21 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $640,800 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,745,233 |
| Noncash contributions included in lines 1a–1f | $114,964 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,386,033 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$160,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,226,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $710,845 |
| Compensation of current officers, directors, key employees. | $134,878 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,547 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $228,826 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $80,974 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,213,636 |
| Advertising and promotion | $60,677 |
| Office expenses | $17,163 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,872 |
| Travel | $179,079 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,243 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,497 |
| All other expenses | $44,656 |
| Total functional expenses | $2,963,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,374,749 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,812 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,381,561 |
| Accounts payable and accrued expenses | $119,309 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $119,309 |
| Net assets without donor restrictions | $2,262,252 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,381,561 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that American Cornerstone Institute Inc has recieved totaling $568,150.
| Awarding Organization | Amount |
|---|---|
Conservative Partnership Institute Washington, DC PURPOSE: Mission and program support | $160,950 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $131,300 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $115,600 |
Folsom Point Charities Fort Worth, TX PURPOSE: CHARITABLE | $100,000 |
Grey Sparrow Foundation West Des Moines, IA PURPOSE: MISSIONS/OUTREACH/EDUCATION | $20,000 |
The Don-Kay-Clay Cash Foundation Lubbock, TX PURPOSE: CHARITABLE DONATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
America First Inc Arlington, VA | $3,850,844 | $14,195,522 |
National Student Clearinghouse Research Center Herndon, VA | $3,158,535 | $8,719,036 |
R Street Institute Washington, DC | $9,433,752 | $12,078,892 |
American Bankruptcy Institute Alexandria, VA | $21,045,850 | $6,767,069 |
Centerpoint Education Solutions Washington, DC | $2,694,353 | $5,212,147 |
National Association Of Independent Colleges & Universities Washington, DC | $15,482,036 | $7,647,704 |
Achieve Inc Silver Spring, MD | $324,503 | $3,902,025 |
Thomas B Fordham Institute Washington, DC | $10,011,588 | $4,932,903 |
Excelencia In Education Inc Washington, DC | $16,958,749 | $12,336,645 |
State Educational Technology Directors Association Glen Burnie, MD | $1,209,563 | $3,539,021 |
American Cornerstone Institute Inc Washington, DC | $2,381,561 | $5,226,033 |
National Council On Teacher Quality Washington, DC | $2,597,023 | $2,378,006 |