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Cornerstone Ministries

Also known as Cornerstone Ranch

McKinney, TX · EIN 41-2053259 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Cornerstone Ministries reported $13.2 million in revenue and $2.7 million in expenses for calendar year 2024. Of every $100 it spent, $66.20 went to program services, $18.36 to management and general costs and $15.44 to fundraising. Its largest source of revenue was contributions and grants: 96.8% of the total. The highest compensation it reported for one person was $41,597 (BOARD MEMBER). Revenue rose 772% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $2.7M

For context, the median across 864 covered mental health & crisis intervention charities: $86.13 programs, $13.87 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $13M

Other revenue was negative: −$187K. The bar shows the positive sources only.

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 864 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
66.2%85.2%
Management & general
Part IX 25(C) ÷ 25(A)
18.4%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
15.4%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.03$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
96.8%26.4%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%14.5%
Program service revenue share
Part VIII 2g ÷ 12
3.4%69.3%
Highest reported compensation
Part VII-A, columns D–F
$41,597$324,111
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.55%1.28%
People paid over $100,000
Part VII, line 2
Not reported8
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
121.46.2
Independent voting board members
Part VI 1a–1b
11 of 11100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$1.8M expenses · 100.0% of program spending · revenue $444K

Cornerstone Ministries provides a community for adults with special needs including the developmentally delayed and adults with mild to moderate mental disabilities. Complete resident care is provided, and the ministries offer residential programs and day programs. Participants can join in various activities and classes. Adults with special needs are uniquely equipped to impact the local community through service and enterprise

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
BOARD MEMBER
Director/trustee, 40.00 hrs/week
$41,597$0$0$41,597

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20M201920202021202220232024$13M$2.7M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$13M$2.7M66.2%$27M$41,597
2023 ⓘ$15M$2.3M65.8%$17M$72,913
2022 ⓘ$2.0M$1.8M84.1%$3.7M$69,971
2021 ⓘ$1.9M$1.3M85.9%$3.5M$71,316
2020 ⓘ$1.2M$1.1M97.2%$2.9M$69,150
2019 ⓘ$1.5M$1.2M79.4%$2.9M$65,000

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26Yes
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50
  • Volunteers Part I, line 6500

Private foundation grants it received

1 private foundation reported grants to Cornerstone Ministries totaling $383 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Cornerstone Ministries's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Cornerstone Ministries, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All mental health & crisis intervention charities · Largest charities in Texas

Questions people ask

How much of Cornerstone Ministries's spending goes to programs?

In calendar year 2024, Cornerstone Ministries reported that 66.2% of its $2.7 million in expenses went to program services, 18.4% to management and general and 15.4% to fundraising (Form 990, Part IX).

How much does Cornerstone Ministries pay its top executive?

The largest total compensation Cornerstone Ministries reported for one person in calendar year 2024 was $41,597, for the role of BOARD MEMBER (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Cornerstone Ministries get its money?

Of $13.2 million in revenue in calendar year 2024, 96.8% came from contributions and grants and 3.4% from program service revenue (Form 990, Part VIII).

Is Cornerstone Ministries a registered charity?

The IRS lists EIN 41-2053259 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202513119349303356 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202403209349320755 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202323079349302087 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202223199349312087 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202133199349315658 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202043219349324969 · read the filing

All filings for EIN 41-2053259: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.