Cornerstone Foundation

Organization Overview

Cornerstone Foundation is located in Biloxi, MS. The organization was established in 1994. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Cornerstone Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2021, Cornerstone Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $998.3k during the year ending 12/2021. While expenses have increased by 9.3% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

BUILD A DIVERSE COMMUNITY OF CHRISTIAN BELIEVERS COOPERATING TO PROVIDE MEDICAL CARE, AND A CONSTANT, PRESENT, ON-GOING HEARING OF THE GOSPEL OF JESUS CHRIST TO THE PEOPLE OF THE NORTH COAST OF HONDURAS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOSPITAL LOMA DE LUZ CARED FOR 20,000 PATIENTS OF MINIMAL RESOURCES OFFERING FULL-TIME MEDICAL CARE OF THE HIGHEST QUALITY IN AREAS OF FAMILY PRACTICE, PEDIATRICS, CARDIOLOGY, INTERNAL MEDICINE, SURGERY, AND MATERNAL CHILD HEALTH AND DENTISTRY. MEDICAL CLINICS WERE OPEN 5 DAYS PER WEEK. EMERGENCY ROOM AND IN-PATIENT SERVICES WERE OFFERED 24/7/365. PERFORMED NUMEROUS OPERATIONS OF ALL KINDS.


ESCUELA EL CAMINO OFFERED CLASSES FOR FULL TIME STUDENTS INCLUDING GEOGRAPHY, ART, MUSIC AND READING. SUPPORT FOR ALL PUBLIC SCHOOLS IN THE AREA IN OBTAINING LIBRARIES, OFFERING SPECIAL PROGRAMS, AND HELPING CONSTRUCT/UPGRADE SCHOOLS. HELD WEEK LONG ANNUAL MISSIONARY KIDS CAMP FOR KIDS ALL OVER HONDURAS.


ONGOING HOUSING/CARE OF POOREST PATIENT FAMILIES AND PATIENTS FROM OTHER PARTS OF THE COUNTRY AT THE SANCTUARY CENTER AND CHILDRENS CENTER.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Jeff Mckenney
President
$40,170
Rosanne Mckenney
Comptroller
$40,170
Sally Mahoney
Communications
$803
Bruce Coble
Secretary
$0
Dr Wade Bishop
Treasurer
$0
Linda Kuykendall
Teacher Assistant
$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$1,171,824
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,171,824
Total Program Service Revenue$0
Investment income $1,909
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 $1,173,733

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Cornerstone Foundation has recieved totaling $97,890.

Awarding OrganizationAmount
Samaritans Purse

Boone, NC

PURPOSE: MEDICAL ASSIST.

$47,424
Schwab Charitable Fund

San Francisco, CA

PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS

$25,000
Community Foundation Of West Kentucky Inc

Paducah, KY

PURPOSE: PROGRAM SUPPORT

$20,000
Norman Hugh And Regina S Mathews Fam Foundation Tr

Jacksonville, FL

PURPOSE: PROVIDE MEDICAL CARE IN HONDURAS

$2,500
Jkbae Foundation

Wilmington, DE

PURPOSE: OPERATING SUPPORT

$2,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$891
View Grant Recipient Profile

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