Form 990 for tax year 2024
Filed by CORNERSTONE MINISTRIES INTERNATIONAL.
Totals
- Total revenue
- $1,940,856
- Total expenses
- $1,839,495
- Contributions and grants received
- $1,905,433
- Grants paid
- $1,047,876
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $35,423
- Total assets, end of year
- $1,393,652
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,393,652
- Program services expenses (Part IX)
- $1,415,918
- Management and general expenses
- $173,934
- Fundraising expenses
- $249,643
- Program service expenses (Part III)
- $1,415,918
Program services were 77.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$1,905,433
-
1g · Noncash contributions included above
$0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11a · Other revenue: Interest Income
total $35,423 · related or exempt $35,423 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$35,423
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $38,188 · program services $38,188
-
2 · Grants to domestic individuals
total $151,100 · program services $151,100
-
3 · Grants to foreign organizations and individuals
total $858,588 · program services $858,588
-
5 · Compensation of officers, directors and key employees
total $513,988 · program services $246,050 · management and general $99,080 · fundraising $168,858
-
9 · Other employee benefits
total $1,298 · program services $778 · management and general $260 · fundraising $260
-
10 · Payroll taxes
total $37,035 · program services $17,729 · management and general $7,139 · fundraising $12,167
-
11b · Fees: legal
total $5,500 · management and general $5,500
-
11g · Fees: other
total $10,986 · program services $3,561 · management and general $7,425 · fundraising $0
-
13 · Office expenses
total $14,432 · program services $1,116 · management and general $6,100 · fundraising $7,216
-
14 · Information technology
total $13,163 · program services $6,865 · management and general $4,337 · fundraising $1,961
-
16 · Occupancy
total $30,573 · program services $3,057 · management and general $21,401 · fundraising $6,115
-
17 · Travel
total $33,218 · program services $24,913 · management and general $3,322 · fundraising $4,983
-
19 · Conferences, conventions and meetings
total $3,694 · program services $1,346 · management and general $539 · fundraising $1,809
-
22 · Depreciation, depletion and amortization
total $10,192 · program services $3,058 · management and general $2,038 · fundraising $5,096
-
24a · Other expenses: OTHER EXPENSES
total $70,857 · program services $46,314 · management and general $11,491 · fundraising $13,052
-
24e · All other expenses
total $46,683 · program services $13,255 · management and general $5,302 · fundraising $28,126
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $277,042 · end of year $414,290
-
2 · Savings and temporary cash investments
beginning of year $999,936 · end of year $972,740
-
10a · Land, buildings and equipment: cost or other basis
$267,351
-
10b · Land, buildings and equipment: accumulated depreciation
$260,729
-
10c · Land, buildings and equipment, net
beginning of year $15,314 · end of year $6,622
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $924,847 · end of year $924,847
-
31 · Retained earnings, endowment or other funds
beginning of year $367,445 · end of year $468,805
Mission and programs · 2024
Mission
TO SEEK THE LOST SHEEPS OF GOD AND COMFORT THEM, MAKE THE DISCIPLES OF JESUS CHRIST, AND TO WORK TOGETHER IN HOLY SPIRIT, TO BUILD THE KINGDOM OF GOD IN THE GOSPEL RESTRICTED NATIONS WHERE CHRISTIANS ARE BEING PERSECUTED BECAUSE OF THEIR FAITH IN JESUS CHRIST.
Activities or mission (Part I)
PROPOGATING THE GOSPEL OF JESUS CHRIST IN THE GOSPEL RESTRICTED NATIONS BY DELIVERING BIBLES, RAISING UP MISSIONAL LEADERS, TRAINING AND SENDING OUT MISSIONARIES, PLANTING CHURCHES, AND CARRYING OUT EVANGELISM WITH HUMANITARIAN ASSISTANCES.
-
DELIVERING BIBLES AND CHRISTIAN LITERATURES TO PERSECUTED CHURCHES IN THE GOSPEL RESTRICTED NATIONS SUCH AS NORTH KOREA, CHINA, MINOIRITIES IN CHINA, ISLAMIC NATIONS, AND ISRAEL WITH THE COMBINED EFFORT OF OTHER PARTNERING MINISTRIES, MISSION ORGANIZATIONS, AND INDIVIDUAL MISSIONARIES. HAVE DISTRIBUTED 139,390 BIBLES INCLUDING 102,052 CHINESE BIBLES,31,675 NORTH KOREAN BIBLES, 5,663 HEBREW AND ARABIC BIBLES. WE HAVE PUBLISHED 1,235 COPIES OF THE 'SOUTH AND NORTH KOREAN PARALLEL BIBLE' SO THAT NORTH KOREAN REFUGEES LIVING IN SOUTH KOREA CAN READ THE NORTH KOREAN BIBLES IN PARALLEL WITH THE SOUTH KOREAN BIBLE. WE PRINTED NORTH KOREAN BIBLES INCLUDING THE PARALLEL BIBLES IN PREPARATION FOR THE OPENING OF NORTH KOREA. WE ARE BROADCASTING 90 MINUTES OF CHRISTIAN RADIO PROGRAMS OVER SHORT AND MEDIUM WAVE TO REACH BELIEVERS AND CHRISTIAN LEADERS IN NORTH KOREA AND OVERSEAS. WE READ NORTH KOREAN BIBLES AT DICTATING SPEEED OVER RADIO. WE PRODUCED AND BROADCASTED OVER THE SHORT WAVE 90 MINUTES PER EVERY DAY AND PRODUCED 60 MINUTES WORSHIP SERVICE AND BROADCAST ON SUNDAY AND OTHER BIBLE TEACHING 30 MINUTES ON WEDNESDAY ON AM FREQUENCY.
Expenses $256,631 · Grants $148,481
-
RAISING 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. 387 STUDENTS TOOK CLASSES ON-LINE AND OFF-LINE AT 10 TEACHING SITES IN 8 CITIES, 75 STUDENTS GRADUATED FROM 6 TEACHING SITES. WE PROVIDED SCHOLARSHIPS TO 15 STUDENTS, ADDITIONALLY SUPPORTED THE INSUFFICIENT FINANCES OF 2 BRANCH TEACHING SITES, AND SUPPORTED LOCAL PASTORS WHO ARE SERVING AS A LOCAL LEADER FOR CHURCH PLANTING AND MISSION. WE CONTINUED TO SUPPORT A THEOLOGICAL COLLEGE IN INDIA, AND PROVIDED LEADER'S TRAINING IN VIETNAM, AND SUPPORTED OTHER MISSION ORGANIZATIONS FOR LEADERSHIP TRAINING IN ISRAEL. WE HAVE SUPPORTED BIBLE SCHOOLS IN THE FAR WESTERN PART OF CHINA TRAINING 12 STUDENTS.
Expenses $243,592 · Grants $187,895
-
FACILITATING AND SUPPORTING MISSIONARIES FOR NETWORKING AND PARTNERING WITH OTHER MINISTRIES AND TRAINING PEOPLE TO BE MISSIONARIES IN KOREA AND IN THE RESTRICTED NATIONS. THE MISSION CONFERNCES WERE HELD IN JANUARY AND JULY WITH 728 PARTICIPANTS. A TOTAL OF 294 PEOPLE WERE TRAINED IN 10-12 WEEKS LONG COURSES TO PREPARE TO GO TO MISSION FIELD. THESE COURSES INCLUDES INNER HEALING, WORSHIP AND PRAISE, BIBLICAL FOUNDATION FOR MISSION, COMMUNITY DEVELOPMENT PROGRAM AS WELL AS INTERNATIONAL DIASTER RESPONSE CLASSES. TRAINING TOOK PLACE IN INDO-CHINA NATIONS AND TRAINED 27 MIISIONARIES. IN 2024, 4,095 PEOPLE WERE EVANGELIZEDIN LAOS, CAMBODIA, MYANMAR, AND VIETNAM. AMONG THEM, WORKERS ARE PREPARING BASES FOR MISSIONS TO CHINA AND NORTH KOREA.
Expenses $464,376 · Grants $328,211
-
NETWORKING WITH THE EXISTING LOCAL LEADERS AND PASTORS OF THE PERSECUTED CHURCH IN NORTH KOREA AND CHINA TO ASSIST THEM FURTHERING IN CHURCH PLANTING AND PASTORING CHURCHES IN THEIR COMMUNITIES. WE HAVE FACILITATED AND ASSISTED THOSE PASTORS WHO WERE WILLING TO PLANT A CHURCH IN THEIR NEIGHBORHOOD. DURING THE PANDEMIC PERIOD, TRAVEL BETWEEN NORTH KOREA AND CHINA WAS RESTRICTED. YET, WE WERE CONTINUING TO TRAIN NORTH KOREANS WHO ARE STRANDED IN CHINA. WE HAVE TRAINED 60 LEADERS IN CHINA, NORTH KOREA, AND SOUTH KOREA IN 2024. IN 2024, 27 CHURCHES WERE PLANTED IN 15 REGIONS. WE ALSO HAVE STARTED TRAINING LEADERS IN SOUTH KOREA TO MOBILIZE NORTH KOREAN DEFECTORS FOR THE NK MISSION. WE IMPLEMENTED DIGITAL METHODS TO TRAIN NORTH KOREANS IN CHINA. IN 2024, GOD HAS ALLOWED TO SEND 2,564 SD CARDS, 624 USBs CONTAINING BIBLES AND THE TRAINING MATERIALS.
Expenses $357,488 · Grants $340,269
-
PROVIDING HUMANITARIAN ASSISTANCE TO NEEDY PEOPLE IN NORTH KOREA, REFUGEES OF NORTH KOREA IN CHINA ALONG THE BORDER, DEFECTORS OF NORTH KOREA IN SOUTH KOREA, NORTH KOREAN ORPHANS AND NK WIDOWS IN CHINA, AND OTHER NATIONS. THROUGH HUMANITARIAN ASSISTANCE, WE SHARED THE LOVE OF JESUS CHRIST AND TO MEET THEIR IMMEDIATE SURVIVAL NEEDS. WE ASSISTED THE NEEDY PEOPLE IN THE GOSPEL RESTRICTED NATIONS WITH FOODS, CLOTHES, MEDICINES, BASIC HUMAN NECESSARY ITEMS. WE ALSO PARTNERSING WITH OTHER MINISTRIES, NGO, MISSIONARIES, AND ORGANIZATIONS. WE WERE ABLE TO PROVIDE TO OUR CHURCH NETWORK AND HELPERS. RICE FLOURS WEREDELIVERED TO 235 FAMILIES AND NEIGHBORS THROUGH CHURCH NETWORKS. WE HAVE HELPED TO PROVIDE FOODS TO ORPHANS. WE SENT CHRISTMAS GIFTS TO NORTH KOREAN CHILDREN. WE ALSO HAVE PROVIDED HUMAN BASIS NECESSITY ITEMS TO THOSE NORTH KOREANS IN CHINA, RUSSIA, AND MONGOLIA TO SHARE THE GOSPEL OF JESUS CHRIST.
Expenses $93,831 · Grants $43,020
As filed on the 2024 return.
Listed in Part VII
-
Peter LeePETER LEE
EXECUTIVE DIRECTOR
- Total calculated
- $57,600
- From this org
- $57,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
-
Isaac LeeISAAC LEE
PRESIDENT
- Total calculated
- $57,600
- From this org
- $57,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
-
Y I SongY I SONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Seounghee KoSEOUNGHEE KO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
C I KimC I KIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$21,000
LEADERS TRAINING AND MOBILIZING MISSIONARIES
-
$17,188
MISSIONARY TRAINING
-
$6,000
SUPPORT OF BROADCASTING TO THE RESTRICTED NATIONS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202523169349301317
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