Cornerstone Childrens Ranch Inc
- Assets
- $353.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Quemado, TX
- Founding
- 03/1999
- Data as of
- 12/2023
- EIN
- 74-2897724
Organization Overview
Cornerstone Childrens Ranch Inc is located in Quemado, TX. The organization was established in 1999. According to its NTEE Classification (P32) the organization is classified as: Foster Care, 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 Childrens Ranch 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 12/2023, Cornerstone Childrens Ranch Inc generated $132.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $126.9k during the year ending 12/2023. While expenses have increased by 10.6% per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE FOOD AND SHELTER FOR MORE THAN 700 UNDERPRIVLEDGED CHILDREN AND OTHER INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Mercer Counselor | 40 | $0 | |
Loraine Mercer Counselor | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,146 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $132,146 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $121,508 |
| Printing, publications, postage, and shipping | $145 |
| Other expenses | $5,286 |
| Total expenses | $126,939 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,042 |
| Other assets | $0 |
| Total assets | $353,192 |
| Total liabilities | $0 |
| Net assets or fund balances | $353,192 |