Cornerstone Magazine Inc
- Assets
- $49.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Land O Lakes, FL
- Founding
- 01/2017
- Data as of
- 12/2021
- EIN
- 81-2026570
Organization Overview
Cornerstone Magazine Inc is located in Land O Lakes, FL. The organization was established in 2017. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, 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. Cornerstone Magazine 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 12/2021, Cornerstone Magazine Inc generated $40.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 33.2% each year . All expenses for the organization totaled $35.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Kolchin Editor & Director | 5 | $0 | |
David Dunlap President & Director | 1 | $0 | |
Pheng T Tan Secretary & Director | 0.9 | $0 | |
George Ferrier Assistant Editor & Director | 2 | $0 | |
Brian Gunning Director | 0.4 | $0 | |
Eileen Lee Treasurer (not A Director) | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,119 |
| 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 | $40,119 |
| 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 | $5,878 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $28,587 |
| Other expenses | $527 |
| Total expenses | $34,992 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,974 |
| Other assets | $0 |
| Total assets | $49,210 |
| Total liabilities | $0 |
| Net assets or fund balances | $49,210 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cornerstone Magazine Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Meridian Foundation Lansing, MI PURPOSE: OPERATIONSGENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gods Word To The Nations Mission Society Fleming Island, FL | $542,636 | $1,365,536 |
Celebrating Grace Inc Macon, GA | $3,084,830 | $800,976 |
Associated Baptist Press Jacksonville, FL | $152,907 | $702,219 |
Inspiration Books East Inc Jemison, AL | $513,380 | $651,134 |
Polis Institute Inc Orlando, FL | $52,282 | $493,061 |
Alexandrian Forum Inc Fort Lauderdale, FL | $370,892 | $681,709 |
Palabra Publications Inc West Palm Beach, FL | $356,005 | $213,594 |
Bible Study Media Inc Jacksonville, FL | $267,746 | $344,937 |
Its A New Day Inc Woodstock, GA | $118,676 | $358,905 |
Anago Partners Inc Tucker, GA | $390,650 | $517,738 |
Miqlat Jacksonville, FL | $225,753 | $335,455 |
Korean Christian Times Corporation Duluth, GA | $263,068 | $199,925 |