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Nonprofiteer
← CORNERSTONE MINISTRIES INC

Form 990 for tax year 2022

Filed by CORNERSTONE MINISTRIES INC.

Totals

Total revenue
$2,008,284
Total expenses
$1,798,796
Contributions and grants received
$1,778,185
Grants paid
$0
Program service revenue
$386,691
Investment income
$13,801
Other revenue
-$170,393
Total assets, end of year
$8,934,877
Total liabilities, end of year
$5,214,643
Net assets or fund balances, end of year
$3,720,234
Program services expenses (Part IX)
$1,512,798
Management and general expenses
$198,280
Fundraising expenses
$87,718
Program service expenses (Part III)
$1,512,798

Program services were 84.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DAVID HEATON

    EXECUTIVE DI

    Total calculated
    $36,893
    From this org
    $36,893
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • TERRI ECK

    DAY PGM DIRE

    Total calculated
    $69,971
    From this org
    $69,971
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MORGAN RUSSELL

    RESIDENTIAL

    Total calculated
    $59,342
    From this org
    $59,342
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • DANIEL BRASCH

    FACILITIES M

    Total calculated
    $68,549
    From this org
    $68,549
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • CYNTHIA HEATON

    BOARD SECRET

    Total calculated
    $0
    Hours/week
    30

  • KIRT RUBY

    BOARD CHAIRM

    Total calculated
    $0
    Hours/week
    1

  • JIMMY LAFERNEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MORGAN TAYLOR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRIS JONES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICKY REEVES

    BOARD TREASU

    Total calculated
    $0
    Hours/week
    1

  • STEVE FISCHER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN STROUD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHARLIE PHILLIPS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
31 October 2023
IRS schema version
2022v5.0
Source object
202323079349302087

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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