Cornerstone Youth Development Fund in Rochester, Michigan (MI)
Table of contents:
| Cornerstone Youth Development Fund | |
| Employer Identification Number (EIN) | 208861311 |
| Name of Organization | Cornerstone Youth Development Fund |
| Address | 1030 Prairie View Ct, Rochester, MI 48306-2565 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2007 |
| 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 | 12/2012 |
| 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 | $4,429 |
| Amount of Income | $8,995 |
| Form 990 Revenue Amount | $8,995 |
| National Taxonomy of Exempt Entities (NTEE) | International, Foreign Affairs and National Security: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2012: $8,995 (it was $28,728 in 2011)
| Cornerstone Youth Development Fund: | $8,995 |
| Other organizations performing similar types of work: | $59,804 |
Assets in 2012: $4,429 (it was $10,350 in 2011)
| This organization: | $4,429 |
| Other organizations performing similar types of work: | $21,830 |
Expenses in 2012: $14,916
| This organization: | $14,916 |
| Other organizations performing similar types of work: | $55,139 |
Income to expenses ratio in 2012: 0.6
| Cornerstone Youth Development Fund: | 0.6 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 100.0%
| Cornerstone Youth Development Fund: | 100.0% |
| Other organizations performing similar types of work: | 100.0% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012) | |
| Total revenue | $8,995 |
| Contributions, gifts, grants, and similar amounts received | $8,995 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Gain from sale of assets other than inventory | $0 |
| Net income from gaming and fundraising events | $0 |
| Gross profit from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $14,916 |
| Total net assets | $4,429 |
| Deficit for the year | $-5,921 |
| Net assets or fund balances at beginning of year | $10,350 |
| Other changes in net assets or fund balances | $0 |
| Balance Sheets (for 2012) | |
| Total assets | $4,429 |
| Total liabilities | $0 |
| Net assets or fund balances | $4,429 |
| Other Information (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $8,995 |
| Gifts, grants, contributions, and membership fees received | $8,995 |
| 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 |
| 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 and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Edify | 10590 W Ocean Air Dr Ste 300, San Diego, CA 92130-4682 | CA | 2009-10 | $3,920,110 |
| 2 | Novak Djokovic Foundation Usa | 8401 Chagrin Rd Ste 16, Chagrin Falls, OH 44023-4702 | OH | 2012-12 | $3,769,347 |
| 3 | Turkish Philanthropy Funds Inc | 1036 Park Ave 15a, New York, NY 10028-0971 | NY | 2007-12 | $2,570,689 |
| 4 | Vinacapital Foundation | PO BOX 1357, Highlands, NC 28741-1357 | NC | 2008-04 | $1,161,584 |
| 5 | Machon Maayan | 1719 Old Trenton Rd, Princeton Jct, NJ 08550-3210 | NJ | 2010-05 | $988,903 |
| 6 | Fundy Community Foundation | Po Box 3902, St. Andrews | international | 1999-03 | $901,362 |
| 7 | Mercy Medical Center Cambodia Inc | PO BOX 3014, Westerville, OH 43086-3014 | OH | 2012-02 | $630,442 |
| 8 | Southeast Asia Resource Action Center Searac | 1628 16th St Nw, Washington, DC 20009-3064 | DC | 1979-11 | $588,283 |
| 9 | Jerusalem Capital Development Fund Inc | 195 Route 46 West, Totowa, NJ 07512-1824 | NJ | 2010-12 | $549,398 |
| 10 | Power Of Education Foundation | 2896 Canyonside Ct Ne, Grand Rapids, MI 49525-3176 | MI | 2010-06 | $120,132 |
| 11 | Majority World Market Development Inc | 8 E Bridge Street Ste D, Rockford, MI 49341 | MI | 2015-01 | $53,785 |
| 12 | Nouveau Kiskeya Foundation | 2600 5 Mile Road Ne, Grand Rapids, MI 49525-6519 | MI | 2007-09 | $33,212 |
| 13 | Manna Ministries Worldwide | 6757 Cascade Rd Se 171, Grand Rapids, MI 49546-6849 | MI | 2013-11 | $24,452 |
| 14 | Cornerstone Youth Development Fund | 1030 Prairie View Ct, Rochester, MI 48306-2565 | MI | 2007-07 | $8,995 |
| 15 | Addison Pto | 219 Comstock, Addison, MI 49220 | MI | 2012-10 | $0 |
| 16 | Blessed Torch Inc | 2050 Commerce Blvd, Ann Arbor, MI 48103-4402 | MI | 2010-10 | $0 |
| 17 | Build 2 Bless | 2330 Pebble Creek, Flushing, MI 48434 | MI | 2013-11 | $0 |
| 18 | Estrella Ferrer Dungog Foundation | Pmb 88 Cascade Rd Se, Grand Rapids, MI 49546 | MI | 2013-11 | $0 |
| 19 | International School Development Foundation, International School Foundation | 3511 Coolidge Road Ste 200, East Lansing, MI 48823 | MI | 2002-03 | $0 |
| 20 | Staff Initiatives Inc | 48473 Binghampton Drive, Northville, MI 48168 | MI | 2014-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 525 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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