Public Charity

CORNERSTONE OF HOPE INC

CORNERSTONE OF HOPE INC is a Public Charity headquartered in Johnston, IA. Financial data from the 2025 filing: $62K revenue, $46K expenses, $92K total assets. 4 publicly reported grants to this organization, totaling roughly $25K, appear in IRS filings.

EIN: 050623289 Johnston, IA Housing & Shelter N.E.C. NTEE: L99 Latest filing: 2025
Total Revenue$62K
Total Expenses$46K
Total Assets$92K
Grant Records4
Funding Total$25K
Filing Years2021–2025

Mission

We support orphan causes and help orphans to have a place to live. This includes food programs, health care, clean water, Housing, education and adoption. We also educate people in the United States on orphan issues.

Where $100 goes at Cornerstone of Hope Inc

How Cornerstone of Hope Inc divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.

$87 Programs the work itself
$3 Management running the organization
$10 Fundraising raising the next dollar

Inside the $87 for programs

$74
Grant to fund operations of Cornerstone of Hope, Nigeria Orphanage
85% of program spending
$7
Program to find adoptive parents for the children and educate American's on Orphan's needs
About 8% (cost not reported)
$6
Providing Educational presentations to schools and organizations about Nigerian orphans and issues that cause children to become orphans
7% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Director / President Aliou Kieta
Director Eric Idehen
Director Jon Albert
Director / Treasurer Kevin Mcguire

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$17,450 2 grants
Human & Social Services
$7,800 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $62K $46K $92K
2024 $65K $56K $75K
2023 $54K $45K $66K
2022 $92K $68K $57K
2021 $82K $75K $33K

Between 2021 and 2025, reported annual revenue declined from $82K to $62K (-24%), with total assets most recently reported at $92K.

Interactive year-over-year charts and full filing details available with membership.

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