Cornerstone Rescue Mission Foundation Inc

Organization Overview

Cornerstone Rescue Mission Foundation Inc is located in Rapid City, SD. The organization was established in 2013. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Rescue Mission Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Cornerstone Rescue Mission Foundation Inc generated $6.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (38.2%) each year. All expenses for the organization totaled $33.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION'S MISSION IS TO RAISE FUNDS AND ESTABLISH AN ENDOWMENT THAT WILL SUPPORT NONPROFIT ORGANIZATIONS COMMITTED TO SERVING THE HOMELESS COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION STARTED ITS ENDOWMENT FUND IN 2013 AND IS CURRENTLY GAINING PRESENCE IN THE COMMUNITY AND LOOKING FOR FUTURE GROWTH.


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Board, Officers & Key Employees

Name (title)Compensation
Sam Fischer
President
$0
Tamara Pier
Secretary
$0
James Castleberry
Executive Di
$0
Greg Barnier
Vice Preside
$0
Rodney Schlauger
Director
$0
Jan Tibbles
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$10,565
Noncash contributions included in lines 1a–1f $6,568
Total Revenue from Contributions, Gifts, Grants & Similar$10,565
Total Program Service Revenue$0
Investment income $5,452
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$9,727
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,290

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Cornerstone Rescue Mission Foundation Inc has recieved totaling $1,592.

Awarding OrganizationAmount
Synchrony Foundation

Stamford, CT

PURPOSE: EMPLOYER MATCHING GIFT PROGRAM

$1,560
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$32
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,116,751
Earnings-$156,067
Admin Expense$6,302
Net Contributions$10,565
Other Expense$27,168
Ending Balance$937,779

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