Cornerstone Community Radio Inc

Organization Overview

Cornerstone Community Radio Inc is located in Edgewater, FL. The organization was established in 1986. According to its NTEE Classification (A34) the organization is classified as: Radio, 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 Community Radio 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 Community Radio Inc generated $81.1k 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 (26.6%) each year. All expenses for the organization totaled $99.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.0%) per year over the past 8 years. 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

DEVELOPEMENT OF NEW RELIGIOUS RADIO SITES AND STATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DEVELOPMENT OF NEW RELIGEOUS RADIO SITES AND STATIONS.


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Financial Statements

Statement of Revenue
Federated campaigns$1,200
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,200
Total Program Service Revenue$0
Investment income $2,308
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $77,605
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $81,113

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