Cornerstone Church Network in Allen, Texas (TX)
Table of contents:
| Cornerstone Church Network | |
| Employer Identification Number (EIN) | 205131015 |
| Name of Organization | Cornerstone Church Network |
| Address | PO BOX 819, Allen, TX 75013-0014 |
| Subsection | Charitable Organization |
| Ruling Date | 10/2006 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $3,294,759 |
| Amount of Income | $183,161 |
| Form 990 Revenue Amount | $183,161 |
| National Taxonomy of Exempt Entities (NTEE) | Religion-Related, Spiritual Development: Protestant |
Non-representatives - add comments:
Amount of income in 2011: $183,161 (it was $517,070 in 2010)
| This organization: | $183,161 |
| Other organizations performing similar types of work: | $66,638 |
Assets in 2011: $3,294,759 (it was $3,652,792 in 2010)
| Cornerstone Church Network: | $3,294,759 |
| Other organizations performing similar types of work: | $23,949 |
Expenses in 2011: $395,573
| Cornerstone Church Network: | $395,573 |
| Other organizations performing similar types of work: | $61,434 |
Income to expenses ratio in 2011: 0.5
| Cornerstone Church Network: | 0.5 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2011: 0.0%
| Cornerstone Church Network: | 0.0% |
| Other organizations performing similar types of work: | 49.5% |
Revenue for 2011
Functional expenses for 2011
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2011) | |
| Total revenue | $183,161 |
| Contributions, Gifts, Grants and Other Similar Amounts | $50 |
| Program Service Revenue | $8,180 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $174,931 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2011) | |
| Total functional expenses | $395,573 |
| Compensation of current officers, directors, trustees, and key employees | $114,970 |
| Other salaries and wages | $31,640 |
| Payroll taxes | $2,187 |
| Professional fundraising services | $0 |
| Other | $246,776 |
| Balance Sheet (for 2011) | |
| Total assets | $3,294,759 |
| Total liabilities | $39,605 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $39,605 |
| Total net assets or fund balances | $3,255,154 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2011) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011) | |
| 2007 - 2011 Total | |
|---|---|
| Total Support | $858,049 |
| Gifts, grants, contributions, and membership fees received | $617,079 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $240,970 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | St Marys Jacobite Church Of Colorado Inc | 3410 W Walsh Pl, Denver, CO 80219-3374 | CO | 2005-02 | $54,985 |
| 2 | Shepherd Creek Ministries | PO BOX 403, Kendalia, TX 78027-0403 | TX | 2000-01 | $38,773 |
| 3 | Rothko Chapel | 1409 Sul Ross St, Houston, TX 77006-4829 | TX | 1972-12 | $4,591,874 |
| 4 | Triunfo Communications | 13226 Chipman Glen Dr, Houston, TX 77082-5008 | TX | 2010-08 | $3,319,610 |
| 5 | Riverbend Retreat Center | 1232 County Road 411b Unit C, Glen Rose, TX 76043-6355 | TX | 2004-03 | $3,088,518 |
| 6 | Sky Ranch At Cave Springs Inc | 24657 County Road 448, Van, TX 75790-4723 | TX | 2005-09 | $1,771,101 |
| 7 | World Covenant Ministries Inc | 8190 Precinct Line Rd Ste 270, Colleyville, TX 76034-7675 | TX | 2012-01 | $1,611,062 |
| 8 | National Baptist Convention Of America Inc | 4812 Bennington St, Houston, TX 77016-7003 | TX | 2001-12 | $1,036,529 |
| 9 | Pearsons Ministries International | PO BOX 136159, Fort Worth, TX 76136-0159 | TX | 2011-08 | $904,055 |
| 10 | Iglesia Bautista Townwood | 2822 Trailridge Ct, Missouri City, TX 77459-2361 | TX | 2009-11 | $835,634 |
| 11 | Tributary Retreat And Training Center Inc | PO BOX 131373, Tyler, TX 75713-1373 | TX | 2013-03 | $816,662 |
| 12 | Vision America Inc | PO BOX 10, Lufkin, TX 75902-0010 | TX | 2000-02 | $700,203 |
| 13 | Faith Ministry Ministerio De Fe | PO BOX 756, Mcallen, TX 78505-0756 | TX | 2006-03 | $657,295 |
| 14 | Redimir, Redeemed Ministries | 330 Rayford Rd 390 Suites 180-304, Spring, TX 77386 | TX | 2009-05 | $530,090 |
| 15 | Strategic World Impact Inc | PO BOX 830337, Richardson, TX 75083-0337 | TX | 2004-10 | $524,117 |
| 16 | Pais Global Inc | 2304 W Park Row Dr Ste 18, Pantego, TX 76013 | TX | 2012-09 | $505,737 |
| 17 | Garland Street Church Of Christ Missions Inc | 700 Garland St, Plainview, TX 79072-6030 | TX | 2010-04 | $503,436 |
| 18 | St Andrews Episcopal Day School | 1819 Heights Blvd, Houston, TX 77008-4025 | TX | 1940-01 | $500,877 |
| 19 | Genesis Veracity Foundation | 701 Bering Dr Apt 1006, Houston, TX 77057-2114 | TX | 2011-04 | $490,100 |
| 20 | Take It To The Bridge Ministries | 14880 Bellaire Blvd, Houston, TX 77083-2509 | TX | 2000-11 | $454,295 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 36,876 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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