The Cornerstone Life Inc in Baltimore, Maryland (MD)
Table of contents:
| The Cornerstone Life Inc | |
| Employer Identification Number (EIN) | 593265343 |
| Name of Organization | The Cornerstone Life Inc |
| Address | 2400 Kentucky Ave, Baltimore, MD 21213-1014 |
| Activities | Supplying money, goods or services to the poor, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1994 |
| 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 | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $1 |
| Amount of Income | $4,705 |
| Form 990 Revenue Amount | $4,705 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Group Home (Long Term) |
Non-representatives - add comments:
Amount of income in 2013: $4,705 (it was $1,785 in 2012)
| The Cornerstone Life Inc: | $4,705 |
| Other organizations performing similar types of work: | $3,251,536 |
Assets in 2013: $1 (it was $7,716 in 2012)
| This organization: | $1 |
| Other organizations performing similar types of work: | $2,399,213 |
Expenses in 2013: $874
| This organization: | $874 |
| Other organizations performing similar types of work: | $3,307,580 |
Income to expenses ratio in 2013: 5.4
| This organization: | 5.4 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 2.6% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $1,645 | $1,785 | $4,705 |
| Contributions, gifts, grants, and similar amounts received | $1,608 | $1,769 | $4,705 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $37 | $16 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $1,211 | $7,098 | $874 |
| Total net assets | $13,040 | $7,716 | $0 |
| Excess/Deficit for the year | $434 | $-5,313 | $3,831 |
| Net assets or fund balances at beginning of year | $12,606 | $13,029 | $-3,831 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $7,716 | $11,547 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $13,040 | $7,716 | $1 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $13,040 | $7,716 | $0 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $4,705 |
| Subtotal | $4,705 |
| Gifts, grants, contributions, and membership fees received | $4,705 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $4,705 |
| Public support | $4,705 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Chimes Inc | 4815 Seton Dr, Baltimore, MD 21215-3211 | MD | 1950-09 | $46,887,928 |
| 2 | Richcroft Inc | 11350 Mccormick Rd Ste 700, Hunt Valley, MD 21031-1002 | MD | 1983-09 | $28,417,927 |
| 3 | Washington County Human Development Council Inc | 433 Brewer Ave, Hagerstown, MD 21740-5364 | MD | 1978-10 | $6,481,466 |
| 4 | The Childrens Home Inc | 205 Bloomsbury Ave, Catonsville, MD 21228-5223 | MD | 1935-02 | $5,807,194 |
| 5 | Archway Station Inc | 408 N Centre St, Cumberland, MD 21502-2204 | MD | 1982-08 | $4,871,380 |
| 6 | Caring Hands Inc | 41 N Philadelphia Blvd, Aberdeen, MD 21001-2510 | MD | 1990-07 | $1,544,601 |
| 7 | Residential Continuum Inc | 8615 E Village Ave, Montgomry Vlg, MD 20886-4316 | MD | 1982-01 | $1,232,501 |
| 8 | Childrens Resources Inc | PO BOX 1307, Hagerstown, MD 21741-1307 | MD | 1986-06 | $762,401 |
| 9 | New Concepts In Living Inc | PO BOX 1860, Prnc Frederck, MD 20678-1860 | MD | 1980-09 | $285,631 |
| 10 | Willie Ross Foundation | 22048 Sherman Way Ste 101, Canoga Park, CA 91303-3010 | CA | 1982-08 | $1,267,750,001 |
| 11 | Wolverine Human Services | 15100 Mack Ave, Grosse Pointe, MI 48230-6202 | MI | 1990-05 | $25,284,409 |
| 12 | Verland Foundation Inc | 212 Iris Rd, Sewickley, PA 15143-2402 | PA | 1978-08 | $16,118,900 |
| 13 | The Arc Of North Carolina Inc | 219 Smith Landing Road, Mount Airy, NC 27030 | NC | 1957-11 | $15,914,137 |
| 14 | The Unity Care Group | 1400 Parkmoor Ave Ste 115, San Jose, CA 95126-3797 | CA | 1992-12 | $10,954,242 |
| 15 | Sarah Tuxis Residential Services Inc | 45 Boston St, Guilford, CT 06437-2816 | CT | 1991-09 | $8,999,084 |
| 16 | St Lukes Lutheran Care Center | 1219 S Ramsey St, Blue Earth, MN 56013-2227 | MN | 1961-11 | $8,533,876 |
| 17 | The Childrens Study Home Inc | 44 Sherman St, Springfield, MA 01109-3517 | MA | 1923-01 | $7,790,439 |
| 18 | Youth Focus Inc | 715 N Eugene St, Greensboro, NC 27401-1621 | NC | 1974-05 | $6,952,396 |
| 19 | Crossroads Community Inc | 120 Banjo Ln, Centreville, MD 21617-1002 | MD | 1984-10 | $4,039,211 |
| 20 | The Cornerstone Life Inc | 2400 Kentucky Ave, Baltimore, MD 21213-1014 | MD | 1994-12 | $4,705 |
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