Cornerstone Studios Limited
- Assets
- $17.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2015
- Data as of
- 12/2022
- EIN
- 47-3421838
Organization Overview
Cornerstone Studios Limited is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Studios Limited 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 Studios Limited generated $71.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $73.8k during the year ending 12/2022. While expenses have increased by 9.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ADVANCE PUBLIC INTEREST IN UNDERSTANDING THE ARTS IN WASHINGTON HEIGHTS INWOOD NEIGHBORHOOD OF MANHATTAN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Hoppa President | 4 | $0 | |
Kristin Spix Secretary | 4 | $0 | |
David Hemingson Member | 2 | $0 | |
Rev John Z Flack Ex Oficio Member | 1 | $0 | |
Anna Shukeylo Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $405 |
| Total Program Service Revenue | $0 |
| Membership dues | $70,924 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $71,329 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $575 |
| Occupancy, rent, utilities, and maintenance | $63,712 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,543 |
| Total expenses | $73,830 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,743 |
| Other assets | $0 |
| Total assets | $17,743 |
| Total liabilities | $4,772 |
| Net assets or fund balances | $12,971 |