Jerusalem Cornerstone Foundation
- Assets
- $370.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Oshkosh, WI
- Founding
- 10/2002
- Data as of
- 12/2022
- EIN
- 61-1415090
Organization Overview
Jerusalem Cornerstone Foundation is located in Oshkosh, WI. The organization was established in 2002. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jerusalem Cornerstone Foundation 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, Jerusalem Cornerstone Foundation generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $902.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
JERUSALEM CORNERSTONE FOUNDATION IS A CHRISTIAN NON-PROFIT ORGANIZATION BASED IN JERUSALEM ISRAEL. WE PROMOTE A WIDE VARIETY OF EDUCATIONAL PROGRAMS IN CONJUNCTION WITH HUMANITARIAN RELIEF WORK AND PASTORAL CAARE. OUR EDUCATION PROGRAMS TAILORED MAINLY FOR STUDENTS AND VISITORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDY TOURS IS AN EDUCATIONAL PROGRAM DESIGNED TO BRING INDIVIDUALS AND CHURCH GROUPS TO ISRAEL IN ORDER TO BRING THE BIBLICAL WORLD ALIVE THROUGH THE LAND, LANGUAGE AND LITERATURE OF THE BIBLE. AS THE TOUR GROUPS COVER THE LAND OF ISRAEL THERE IS ALSO THE OPPORTUNITY TO INTRODUCE THEM TO THE CHARITY NEEDS WE SUPPORT. FOR THE YEAR 2021, THERE WERE NO TOURS DUE TO COVID 19 AND TRAVEL RESTRICTIONS
CHILDRENS FUND OFFERS ASSISTANCE FOR CHILDRENS SCHOOL FEES, SUPPLIES, MEDICAL NEEDS AND SOCIAL NEEDS. THE OBJECTIVE OF THIS PROGRAM IS TO SPECIFICALLY PROVIDE FOR CHILDREN IN NEED, BOTH INDIVIDUALLY AND THROUGH INSTITUTIONS.
ISRAEL RELIEF PROVIDES ASSISTANCE FOR FOOD, RENT, MEDICAL ASSISTANCE, TRANSPORTATION TO THE POOR AND ELDERLY IN ISRAEL. THIS INCLUDES AID TO SUDANESE REFUGEES. THE OBJECTIVE OF THESE PROGRAMS IS TO HELP THE POOREST OF THE POOR.
NARKIS AND MIDDLE EAST REFUGEE ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Gerrish Secretary | OfficerTrustee | 40 | $14,350 |
Larry Ehrlich Vice Chairman | OfficerTrustee | 10 | $9,310 |
Gary Alley Chairman Of The Board | OfficerTrustee | 8 | $5,500 |
Randall Buth Director | Trustee | 0 | $1,000 |
Nicole Yoder Treasurer | Trustee | 4 | $0 |
Brian Kvasnica Director | Trustee | 0 | $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 | $86,670 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,670 |
| Total Program Service Revenue | $1,018,595 |
| Investment income | $788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,106,053 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $73,381 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $56,310 |
| Compensation of current officers, directors, key employees. | $27,310 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,675 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $650 |
| Information technology | $112 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $729,719 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $902,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $370,642 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $370,642 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $370,642 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $370,642 |