Public Charity

CORNERSTONE MINISTRIES INC

CORNERSTONE MINISTRIES INC is a nonprofit organization categorized as Public Charity based in MCKINNEY, TX. Its most recent IRS filing (2024) reports revenue of $13.2M, expenses of $2.7M, total assets of $32.5M. Imperigo tracks 67 reported grant relationships connected to this organization totaling approximately $4.9M.

EIN: 412053259 MCKINNEY, TX Residential Mental Health Treatment NTEE: F33 Latest filing: 2024
Total Revenue$13.2M
Total Expenses$2.7M
Total Assets$32.5M
Grant Records67
Funding Total$4.9M
Filing Years2019–2024

Mission

CORNERSTONE MINISTRIES PROVIDES A HOME WHERE ADULTS WITH SPECIAL NEEDS CAN EXPERIENCE ABUNDANT LIFE. BUILT ON CHRISTIAN VALUES, ITS FAMILY-CENTRIC ENVIRONMENT CREATES A SAFE PLACE WHERE INDEPENDENCE THRIVES, CHARACTER GROWS, AND CONFIDENCE IS NURTURED.

Where $100 goes at Cornerstone Ministries Inc

How Cornerstone Ministries Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$76 Programs the work itself
$13 Management running the organization
$11 Fundraising raising the next dollar

Inside the $76 for programs

$76
Cornerstone Ministries provides a community for adults with special needs including the developmentally delayed and adults with mild to moderate mental disabilities
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

CO-VICE CHAI Charlie Philips
SECRETARY Cynthia Heaton
BOARD MEMBER David Heaton
BOARD MEMBER Gerry Taylor
BOARD MEMBER Jimmy Laferney
BOARD CHAIRM Kirt Ruby

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$2,780,765 42 grants
Human & Social Services
$1,161,453 5 grants
Health & Medicine
$683,400 9 grants
Religion & Spirituality
$25,000 1 grant
Housing & Homelessness
$5,543 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $13.2M $2.7M $32.5M
2023 $15.2M $2.3M $21.9M
2022 $2.0M $1.8M $8.9M
2020 $1.2M $1.1M $3.3M
2019 $1.5M $1.2M $3.3M

Between 2019 and 2024, reported annual revenue grew from $1.5M to $13.2M (+772%), with total assets most recently reported at $32.5M.

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

See the full picture for CORNERSTONE MINISTRIES INC

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