Cornerstone Ministries International is located in Tustin, CA. The organization was established in 1992. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Cornerstone Ministries International employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Ministries International 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 International generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 11.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROPOGATING THE GOSPEL OF JESUS CHRIST IN THE GOSPEL RESTRICTED NATIONS BY DELIVERING BIBLES, RAISING UP LOCAL LEADERS, TRAINING AND SENDING OUT MISSIONARIES, PLANTING CHURCHES, FOR CARRYING OUT EVANGELISM, AND PROVIDING HUMANITARIAN ASSISTANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DELIVERING BIBLES AND CHRISTIAN LITERATURE TO THE PERSECUTED CHURCH IN THE GOSPEL RESTRICTED NATIONS SUCH AS NORTH KOREA. CHINA, ISLAMIC NATIONS, AND ISRAEL WITH THE COMBINED EFFORT OF OTHER PARTNERING MINISTRIES, MISSION ORGANIZATIONS, AND INDIVIDUAL MISSIONARIES. HAVE DISTRIBUTED 19,839 INCLUDING 3,857 CHINESE BIBLES AND 3,848 BIBLES TO NORTH KOREA, 1,449 HEBREW BIBLES, 979 ARABIC BIBLES AND 9,693 MYANMAR BIBLES. WE HAVE PUBLISHED THE 'SOUTH AND NORTH KOREAN PARALLEL BIBLES SO THAT NORTH KOREAN REFUGEES LIVING IN SUTH KOREA CAN READ THE NORTH KOREAN BIBLES IN PARALLEL WITH THE SOUTH KOREAN BIBLE. WE ARE PRINTING NORTH KOREAN BIBLES IN PREPARATION FOR THE OPENING OF NORTH KOREA. WE ALSO BROADCASTING OVER SHORT WAVE AND APPS TO REACH BELIEVERS AND CHRISTIAN LEADERS IN NORTH KOREA AND OVERSEAS. WE PRODUCE AND BROADCAST OVER SHORT WAVE 60 MINUTES PER EVERY DAY AND 30 MINUTES ON WEDNESDAY AND ONE HOUR ON SUNDAY ON AM FREQUENCY.
RAISE UP LEADERS IN THE RESTRICTED NATIONS FOR THEM TO MINISTER TO PROPOGATING THE GOSPEL OF JESUS CHRIST BY HAVING BIBLES SCHOOL, SEMINARIES TEACHING, AND CONFERENCES ALONG WITH THE OTHER MINISTRIES, MISSIONARIES, AND ORGANIZATIONS. EQUIP POTENTIAL LEADERS AMONG KOREAN LIVING IN KOREA AND LIVING AROUND THE WORLD TO ENTER INTO THE RESTRICTED MISSION FIELD. WE DISTRIBUTED NEWSLETTERS AND PRAYER LETTERS TO INFORM THE NEEDS OF SUPPORTING LEADERS AND CURRENT SITUATION OF THE PERSECUTED CHURCH IN THE RESTRICTED NATIONS.WE TAUGHT490 STUDENTS WHO ARE STUDYING IN 8 CAMPUSES AND 35 GRADUATED FROM 4 CAMPUSES. TOTAL 5,686 HOURS OF TEACHING WERE TAUGHT BY 183 LECTURERS. WE CONTINUED TO SUPPORT A THEOLOGICAL COLLEGE IN INDIA AND PROVIDED LEADER'S TRAINING IN VIETNAM AND SUPPORT OTHER MISSION ORGANIZATIONS FOR LEADERSHIP TRAINING IN ISRAEL. IN THE FIELD, COVID-19 BECAME AN OPPORTUNITY RATHER THAN A CRISIS, AND ON-LINE MISSIONARY TRAINEES EXCEED 50,000 PARTICIPATED IN 2021.
FACILITATING AND SUPPORTING MISSIONARIES FOR NETWORKING AND PARTNERING WITH OTHER MINISTRIES AND IN TEACHING THE WORD OF GOD AND TRAINING PEOPLE TO BE MISSIONARIES IN KOREA AND IN THE RESTRICTED NATIONS. THE MISSION CONFERNCES WERE HELD OVER INTERNET IN JANUARY AND JULY WITH 1,090 OVER ON LINE. THESE NUMBER IS CONSIDERABLELY HIGHLY THAN FACE-TO-FACE CONFERENCE. A TOTAL OF 481 PEOPLE WERE TRAINED IN 12 WEEK LONG COURSES TO PREPARE TO GO TO MISSION FIELD. DURING THE PADENMIC PERIOD CHINESE LOCAL CARRIED OUT IN 7 TEACHINGS SITES FOR 56 LEADERS. AT THE MISSION CENTER IN ISRAEL, 126 MISSIONARIES SPOUSES WERE TRAINED IN SPEAKING HEBREW IN ORDER TO REACHING OUT ISRAELI AND ARAB WOMEN. WE HAD PRINTED OVER 165,000 EVANGELISTIC TRACTS AND DISTRIBUTED OVER 6,300.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Isaac Lee President | Officer | 60 | $52,080 |
Peter Lee Executive Director | Officer | 60 | $52,080 |
Y I Song Director | Trustee | 0 | $0 |
C I Kim Director | Trustee | 0 | $0 |
Seounghee Ko Director | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $3,197,766 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,197,766 |
Total Program Service Revenue | $0 |
Investment income | $10,904 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $140,309 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,348,979 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $265,021 |
Grants and other assistance to domestic individuals. | $173,700 |
Grants and other assistance to Foreign Orgs/Individuals | $2,105,512 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $104,160 |
Compensation of current officers, directors, key employees. | $20,832 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $434,684 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,360 |
Payroll taxes | $39,625 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,051 |
Advertising and promotion | $0 |
Office expenses | $9,506 |
Information technology | $21,015 |
Royalties | $0 |
Occupancy | $35,175 |
Travel | $5,268 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $101 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $13,288 |
Insurance | $0 |
All other expenses | $107,800 |
Total functional expenses | $3,321,266 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $289,187 |
Savings and temporary cash investments | $1,254,090 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $49,646 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $5,000 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $30,000 |
Net Land, buildings, and equipment | $20,222 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,648,145 |
Accounts payable and accrued expenses | $0 |
Grants payable | $477,571 |
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 | $477,571 |
Net assets without donor restrictions | $0 |
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 | $807,939 |
Retained earnings, endowment, accumulated income, or other funds | $362,635 |
Total liabilities and net assets/fund balances | $1,648,145 |
Over the last fiscal year, Cornerstone Ministries International has awarded $250,801 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
Norman, OK PURPOSE: MISSIONARY TRAINING | $170,601 |
Wichita, KS PURPOSE: LEADERS TRAINING/MOBILIZING MISSIONARY | $74,200 |
Anaheim, CA | | $6,000 |
Over the last fiscal year, we have identified 1 grants that Cornerstone Ministries International has recieved totaling $9,000.
Awarding Organization | Amount |
---|---|
Lee & Lee Foundation Los Angeles, CA PURPOSE: MISSIONARY SUPPORT | $9,000 |
Organization Name | Assets | Revenue |
---|---|---|
Mission Without Borders International Camarillo, CA | $12,905,795 | $20,022,100 |
Assist International Inc Ripon, CA | $15,283,547 | $16,657,420 |
Maranatha Volunteers International Inc Roseville, CA | $22,832,161 | $24,229,076 |
Alliance For Medical Outreach And Relief Fresno, CA | $15,431,819 | $11,809,946 |
Iris Global Redding, CA | $6,251,509 | $13,219,595 |
Behring Global Educational Foundation Danville, CA | $225,486,118 | $12,863,733 |
Far Reaching Ministries Murrieta, CA | $21,362,367 | $12,281,756 |
Good Neighbors Usa Tustin, CA | $3,226,157 | $7,785,780 |
Ywam Ships Orange County Kailua Kona, HI | $1,414,962 | $7,142,839 |
Guara Bi Inc Las Vegas, NV | $2,785,131 | $6,283,964 |
Operation Usa Los Angeles, CA | $6,771,517 | $5,746,005 |
Onesky Berkeley, CA | $3,976,088 | $6,959,503 |