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Cornerstone Initiative Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Real Estate Organizations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$327k (2024)

Expenses
$256k (2024)

Total Assets
$326k (2024)

Total Liabilities
$6.77k (2024)

Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$327,112
Expenses
$256,090
Net Income
$71,022
Net Assets
$319,246
Notable Sources of Revenue Percent of Total Revenue
Contributions $319,572
97.7%
Program Services $0
Investment Income $5,433
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,107
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $176,597
69.0%
Assets/Debt
Total Assets $326,014
Total Liabilities $6,768
Net Assets $319,246
Compensation
Key Employees and Officers Compensation Related Other
Terry Boyd (Board President) $0 $0 $0
Docquinn Taylor (Vice President) $0 $0 $0
Sarah Collins (Secretary) $0 $0 $0
Brandon Carrin (Treasurer) $0 $0 $0
David Myrick (Director) $0 $0 $0
Johann Moore (Director) $0 $0 $0
Jane Daniel (Director) $0 $0 $0
Bill Nash (Spiritual Director) $0 $0 $0
Elizabeth Feick (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$319,236
Expenses
$243,897
Net Income
$75,339
Net Assets
$248,224
Notable Sources of Revenue Percent of Total Revenue
Contributions $291,310
91.3%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $27,926
8.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $171,288
70.2%
Assets/Debt
Total Assets $256,575
Total Liabilities $8,351
Net Assets $248,224
Compensation
Key Employees and Officers Compensation Related Other
Brandon Carrin (Director) $0 $0 $0
Katie Herr (Director) $0 $0 $0
Bill Nash (Spiritual Director) $0 $0 $0
Jane Daniel (Director) $0 $0 $0
Docquinn Taylor (Vice President) $0 $0 $0
Terry Boyd (Board President) $0 $0 $0
Caleb Ficken (Treasurer) $0 $0 $0
Elizabeth Jacobus (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$216,620
Expenses
$227,554
Net Income
-$10,934
Net Assets
$172,885
Notable Sources of Revenue Percent of Total Revenue
Contributions $212,291
98.0%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,329
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $87,150
38.3%
Professional Fundraising Fees $0
Other Salaries and Wages $64,891
28.5%
Assets/Debt
Total Assets $180,170
Total Liabilities $7,285
Net Assets $172,885
Compensation
Key Employees and Officers Compensation Related Other
Docquinn Taylor (Director) $0 $0 $0
Elizabeth Jacobus (Director) $0 $0 $0
Katie Herr (Spiritual Director) $0 $0 $0
Brandon Carrin (Director) $0 $0 $0
Shakira Ellis (Director) $0 $0 $0
Terry Boyd (Vice President) $0 $0 $0
Harmony Heard (Board President) $0 $0 $0
Caleb Ficken (Treasurer) $0 $0 $0
Bill Nash (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$210,522
Expenses
$219,780
Net Income
-$9,258
Net Assets
$183,819
Notable Sources of Revenue Percent of Total Revenue
Contributions $197,348
93.7%
Program Services $0
Investment Income $112
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13,062
6.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $66,343
30.2%
Professional Fundraising Fees $0
Other Salaries and Wages $75,119
34.2%
Assets/Debt
Total Assets $189,604
Total Liabilities $5,785
Net Assets $183,819
Compensation
Key Employees and Officers Compensation Related Other
Michael Armour (Director) $0 $0 $0
Caleb Ficken (Director) $0 $0 $0
Katie Herr (Director) $0 $0 $0
Harmony Heard (Vice President) $0 $0 $0
Shakira Ellis (Board President) $0 $0 $0
Bill Nash (Secretary) $0 $0 $0
Terry Boyd (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$260,529
Expenses
$205,169
Net Income
$55,360
Net Assets
$193,077
Notable Sources of Revenue Percent of Total Revenue
Contributions $219,363
84.2%
Program Services $5,964
2.3%
Investment Income $187
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $35,015
13.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $64,725
31.5%
Professional Fundraising Fees $0
Other Salaries and Wages $74,716
36.4%
Assets/Debt
Total Assets $198,609
Total Liabilities $5,532
Net Assets $193,077
Compensation
Key Employees and Officers Compensation Related Other
Glenn Turner (Director) $0 $0 $0
Michael Armour (Director) $0 $0 $0
Harmony Heard (Director) $0 $0 $0
Shakira Ellis (Board President) $0 $0 $0
Lydia Pennington (Vice President) $0 $0 $0
Traci Preston (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$196,391
Expenses
$182,054
Net Income
$14,337
Net Assets
$103,927
Notable Sources of Revenue Percent of Total Revenue
Contributions $185,226
94.3%
Program Services $10,868
5.5%
Investment Income $277
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $20
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $64,725
35.6%
Professional Fundraising Fees $0
Other Salaries and Wages $56,692
31.1%
Assets/Debt
Total Assets $107,367
Total Liabilities $3,440
Net Assets $103,927
Compensation
Key Employees and Officers Compensation Related Other
Shakira Ellis (Board President) $0 $0 $0
Lydia Pennington (Vice President) $0 $0 $0
Traci Preston (Secretary) $0 $0 $0
Glenn Turner (Director) $0 $0 $0
Michael Armour (Director) $0 $0 $0
Harmony Heard (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$200,611
Expenses
$198,869
Net Income
$1,742
Net Assets
$89,590
Notable Sources of Revenue Percent of Total Revenue
Contributions $111,219
55.4%
Program Services $89,273
44.5%
Investment Income $76
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $43
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $64,725
32.5%
Professional Fundraising Fees $0
Other Salaries and Wages $53,930
27.1%
Assets/Debt
Total Assets $94,702
Total Liabilities $5,112
Net Assets $89,590
Compensation
Key Employees and Officers Compensation Related Other
Glenn Turner (Board President) $0 $0 $0
Michael Armour (Director) $0 $0 $0
Shakira Ellis (Treasurer) $0 $0 $0
Lydia Pennington (Director) $0 $0 $0
Traci Preston (Director) $0 $0 $0
Tim Howard (Past President) $0 $0 $0
Helen Housch (Past Treasurer) $0 $0 $0
Donna Lehman (Secretarydirector) $0 $0 $0
Joy Martin (Director) $0 $0 $0
Fred Whitlow (Director) $0 $0 $0
Val Davis (Director) $0 $0 $0
Ron Clegg (Director) $0 $0 $0
Will Irby (Director) $0 $0 $0
Alana Parker (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$109,158
Expenses
$159,297
Net Income
-$50,139
Net Assets
$87,848
Notable Sources of Revenue Percent of Total Revenue
Contributions $79,099
72.5%
Program Services $28,926
26.5%
Investment Income $76
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,057
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $64,725
40.6%
Professional Fundraising Fees $0
Other Salaries and Wages $31,843
20.0%
Assets/Debt
Total Assets $92,505
Total Liabilities $4,657
Net Assets $87,848
Compensation
Key Employees and Officers Compensation Related Other
Tim Howard (Board Presid) $0 $0 $0
Bruce Martin (Director) $0 $0 $0
Dale Jobes (Director) $0 $0 $0
Donna Lehman (Director) $0 $0 $0
Glenn Turner (Director) $0 $0 $0
Rebecca Bibee (Director) $0 $0 $0
Crissy Long (Director) $0 $0 $0
Fredrick Whitlow Ii (Director) $0 $0 $0
Joy Martin (Director) $0 $0 $0
Lee Wynn (Director) $0 $0 $0
Val Davis (Director) $0 $0 $0
Helen Housch (Treasurer/Di) $0 $0 $0
Alana Parker (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$158,179
Expenses
$123,538
Net Income
$34,641
Net Assets
$137,987
Notable Sources of Revenue Percent of Total Revenue
Contributions $127,683
80.7%
Program Services $30,150
19.1%
Investment Income $335
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $67,474
54.6%
Assets/Debt
Total Assets $140,144
Total Liabilities $2,157
Net Assets $137,987

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$154,410
Expenses
$168,524
Net Income
-$14,114
Net Assets
$103,346
Notable Sources of Revenue Percent of Total Revenue
Contributions $129,167
83.7%
Program Services $23,742
15.4%
Investment Income $958
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $543
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $114,424
67.9%
Assets/Debt
Total Assets $106,598
Total Liabilities $3,252
Net Assets $103,346

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$223,849
Expenses
$136,733
Net Income
$87,116
Net Assets
$118,484
Notable Sources of Revenue Percent of Total Revenue
Contributions $187,683
83.8%
Program Services $34,958
15.6%
Investment Income $1,208
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $82,447
60.3%
Assets/Debt
Total Assets $123,854
Total Liabilities $5,370
Net Assets $118,484

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$125,041
Expenses
$99,417
Net Income
$25,624
Net Assets
$35,080
Notable Sources of Revenue Percent of Total Revenue
Contributions $124,559
99.6%
Program Services $0
Investment Income $482
0.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $37,158
Total Liabilities $2,078
Net Assets $35,080

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$44,674
Expenses
$109,825
Net Income
-$65,151
Net Assets
$9,456
Notable Sources of Revenue Percent of Total Revenue
Contributions $35,048
78.5%
Program Services $140
0.3%
Investment Income $75
0.2%
Net Fundraising $9,410
21.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $11,903
Total Liabilities $2,447
Net Assets $9,456

Document Links

Fiscal Year Ending Dec.
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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