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Nonprofiteer
← AMERICAN CORNERSTONE INSTITUTE INC

Form 990 for tax year 2022

Filed by AMERICAN CORNERSTONE INSTITUTE INC.

Totals

Total revenue
$8,512,372
Total expenses
$8,955,894
Contributions and grants received
$8,627,693
Grants paid
$0
Program service revenue
$0
Investment income
$9
Other revenue
-$115,330
Total assets, end of year
$2,414,173
Total liabilities, end of year
$595,443
Net assets or fund balances, end of year
$1,818,730
Program services expenses (Part IX)
$4,297,190
Management and general expenses
$1,255,648
Fundraising expenses
$3,403,056
Program service expenses (Part III)
$4,297,190

Program services were 48.0% 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.

  • 1c · Fundraising events

    $507,500

  • 1f · All other contributions, gifts and grants

    $8,120,193

  • 3 · Investment income

    total $9 · excluded $9

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $507,500

  • 8b · Fundraising events: direct expenses

    $115,330

  • 8c · Net income from fundraising events

    total -$115,330 · excluded -$115,330

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $798,000 · program services $246,000 · management and general $276,000 · fundraising $276,000

  • 7 · Other salaries and wages

    total $371,885 · program services $140,423 · management and general $158,981 · fundraising $72,481

  • 11b · Fees: legal

    total $140,517 · management and general $136,117 · fundraising $4,400

  • 11g · Fees: other

    total $1,671,049 · program services $1,118,261 · management and general $240,419 · fundraising $312,369

  • 12 · Advertising and promotion

    total $116,282 · program services $52,419 · management and general $2,449 · fundraising $61,414

  • 13 · Office expenses

    total $55,214 · program services $18 · management and general $49,122 · fundraising $6,074

  • 16 · Occupancy

    total $137,704 · program services $22,003 · management and general $115,701

  • 17 · Travel

    total $285,040 · program services $52,406 · management and general $34,993 · fundraising $197,641

  • 19 · Conferences, conventions and meetings

    total $18,628 · program services $13,467 · management and general $20 · fundraising $5,141

  • 23 · Insurance

    total $1,738 · management and general $1,738

  • 24a · Other expenses: PROGRAM EPENSES

    total $1,693,749 · program services $1,693,749

  • 24b · Other expenses: MAILING/POSTAGE

    total $1,674,420 · program services $22,784 · management and general $89,433 · fundraising $1,562,203

  • 24c · Other expenses: PRODUCT DEVELOPMENT

    total $935,314 · program services $899,336 · management and general $19,410 · fundraising $16,568

  • 24d · Other expenses: DIGITAL FUNDRAISING EXP

    total $837,623 · fundraising $837,623

  • 24e · All other expenses

    total $218,731 · program services $36,324 · management and general $131,265 · fundraising $51,142

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,374,749 · end of year $2,078,627

  • 10a · Land, buildings and equipment: cost or other basis

    $6,812

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,362

  • 10c · Land, buildings and equipment, net

    beginning of year $6,812 · end of year $5,450

  • 15 · Other assets

    beginning of year $0 · end of year $330,096

  • 17 · Accounts payable and accrued expenses

    beginning of year $119,309 · end of year $260,680

  • 25 · Other liabilities

    beginning of year $0 · end of year $334,763

  • 27 · Net assets without donor restrictions

    beginning of year $2,262,252 · end of year $1,818,730

Mission and programs · 2022

Mission

THE ORGANIZATION DEVELOPS AND DISTRIBUTES POLICY, SOLUTION AND EDUCATIONAL PROGRAMS AND MATERIALS (INCLUDING BOOKS) PROMOTING CONSERVATIVE COMMONSENSE SOLUTIONS TO THE ISSUES FACING OUR SOCIETY.

Activities or mission (Part I)

THE ORGANIZATION DEVELOPS AND DISTRIBUTES EDUCATIONAL PROGRAMS AND MATERIALS PROMOTING CONSERVATIVE COMMONSENSE SOLUTIONS TO THE ISSUES FACING OUR SOCIETY.

  • 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.

    Expenses $4,297,190

As filed on the 2022 return.

Listed in Part VII

  • DR BEN CARSON

    CHAIR

    Total calculated
    $350,000
    From this org
    $350,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $350,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $350,000

  • LACENA CARSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANDREW HUGHES

    CEO

    Total calculated
    $288,000
    From this org
    $288,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,000
    Bonus
    $48,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $288,000

  • IRVING DENNIS

    CFO

    Total calculated
    $229,390
    From this org
    $229,390
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,390
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $229,390

  • JAMES DEMINT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SCOTT TURNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRIAN JACK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KENT HANCE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT UNANUE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL B WILLIAMS

    SECRETARY

    Total calculated
    $160,400
    From this org
    $160,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $160,400
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $160,400

  • DREW MCCALL

    COO

    Total calculated
    $255,000
    From this org
    $255,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,000
    Bonus
    $35,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $255,000

  • MICHAEL BURLEY

    CDO

    Total calculated
    $257,581
    From this org
    $255,000
    From related orgs
    $0
    Other
    $2,581
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,000
    Bonus
    $35,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $2,581
    Filer's total
    $257,581

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
11 November 2023
IRS schema version
2022v5.0
Source object
202333159349300523

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