Cornerstone Ministries Inc in Crownpoint, New Mexico (NM)

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Cornerstone Ministries Inc
Employer Identification Number (EIN)850476858
Name of OrganizationCornerstone Ministries Inc
In Care of NamePete Belon
AddressP O Box 496, Crownpoint, NM 87313
SubsectionReligious Organization, Charitable Organization
Ruling Date11/2003
DeductibilityContributions are deductible
FoundationChurch
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2007
Assets$10,000 to $24,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (church)
Asset Amount$17,046
Amount of Income$247,326
Form 990 Revenue Amount$247,326
National Taxonomy of Exempt Entities (NTEE)Religion-Related, Spiritual Development: Protestant


Submitted by:Pete Belon, CEO
this is updated information and new address POB 171 , Smith Lake, New Mexico 87365

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Amount of income in 2007: $247,326 (it was $247,326 in 2010)
Cornerstone Ministries Inc: 

 $247,326
Other organizations performing similar types of work: 

 $66,638

Assets in 2007: $17,046 (it was $17,046 in 2010)
Cornerstone Ministries Inc: 

 $17,046
Other organizations performing similar types of work: 

 $23,949

Expenses in 2010: $243,230
Cornerstone Ministries Inc: 

 $243,230
Other organizations performing similar types of work: 

 $61,434

Income to expenses ratio in 2010: 1.0
Cornerstone Ministries Inc: 

 1.0
Other organizations performing similar types of work: 

 0.8

Grants share in income in 2010: 100.0%
This organization: 

 100.0%
Other organizations performing similar types of work: 

 49.5%

Financial snapshot ($)

Functional expenses for 2010

Statements Regarding Other IRS Filings and Tax Compliance (for 2010)
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 2010)
Total revenue$247,326
Contributions, Gifts, Grants and Other Similar Amounts$247,326
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
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 2010)
Total functional expenses$243,230
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$89,220
Payroll taxes$8,265
Professional fundraising services$0
Other$145,745
Balance Sheet (for 2010)
Total assets$17,046
Total liabilities$754
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$754
Total net assets or fund balances$16,292
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2010)
The organization is not a private foundation because it is:A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i)
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1St Marys Jacobite Church Of Colorado Inc3410 W Walsh Pl, Denver, CO 80219-3374CO2005-02$54,985
2Shepherd Creek MinistriesPO BOX 403, Kendalia, TX 78027-0403TX2000-01$38,773
3Sacramento Camp And Conference Center Inc, Sacramento Methodist AssemblyPO BOX 8, Sacramento, NM 88347-0008NM2014-09$1,501,861
4Singing Hills Ministries Inc1441 State Road 344, Sandia Park, NM 87047-9609NM2004-07$270,502
5Cornerstone Ministries IncP O Box 496, Crownpoint, NM 87313NM2003-11$247,326
6Soul Provisions, Soul Provisions Inc Terry LentePo Box 12903, Albuquerque, NM 87195NM2008-07$116,406
7Hidden From View6100 Fourth Street Nw, Albuquerque, NM 87107NM2012-09$111,410
8Sole Ministries, Acacia Worship CenterPo Box 65400, Albuquerque, NM 87193-5400NM2005-03$70,004
9Unfailing Love MinistriesPO BOX 2488, Milan, NM 87021-2488NM2006-04$65,094
10United Bible Fellowship Church4012 2nd St Nw, Albuquerque, NM 87107-2243NM2006-10$44,834
11Waymaker Ranch IncPO BOX 2183, Roswell, NM 88202-2183NM2000-02$30,425
12Living Cross Prison Ministries IncorporatedPo Box 1313, Peralta, NM 87042NM1995-09$10,836
13Bridge Pastoral Ministries4702 N Paul, Roswell, NM 88201NM2009-03$7,171
14Ecumenical Institute For Ministry5825 Coors Blvd Sw, Albuquerque, NM 87121NM2014-03$3,263
15Totally AlivePO BOX 67302, Albuquerque, NM 87193-7302NM2004-03$1,798
16Adonai Fellowship18 Stuart Dr, Lunas, NM 87031-9478NM2004-04$0
17Agape Baptist Church14 Burke Dr, Gallup, NM 87301-5476NM2004-09$0
18Albuquerque Gospel Hall Assembly3108 Utah St Ne, Albuquerque, NM 87110-2443NM2015-04$0
19Amistad Cristiana6301 Topke Pl Ne, Albuquerque, NM 87109-2727NM2014-11$0
20Ancon Church Of ChristPO BOX 354, Ribera, NM 87560-0354NM2002-07$0
Number of organizations performing similar types of work
Alaska74
Alabama625
Arkansas373
Arizona576
California4,884
Colorado607
Connecticut339
District of Columbia130
Delaware158
Florida3,061
Georgia1,827
Hawaii133
Iowa192
Idaho77
Illinois1,408
Indiana772
Kansas221
Kentucky407
Louisiana800
Massachusetts489
Maryland1,103
Maine48
Michigan878
Minnesota368
Missouri732
Mississippi410
Montana92
North Carolina1,642
North Dakota33
Nebraska130
New Hampshire54
New Jersey958
New Mexico165
Nevada259
New York2,111
Ohio1,077
Oklahoma530
Oregon304
Pennsylvania1,088
Rhode Island73
South Carolina791
South Dakota50
Tennessee788
Texas3,956
Utah68
Virginia899
Vermont22
Washington486
Wisconsin363
West Virginia135
Wyoming37
International73
Total36,876

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