Overview

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Est.

2002

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Cornerstone Ministries Inc is a nonprofit organization dedicated to providing residential mental health care for adults with special needs, operating under Christian values to foster a family-centric environment that promotes independence, character development, and confidence. With an operating budget of $2.7 million and total revenue of $13.2 million for the 2024 filing year, the organization is financially supported by multiple significant funders. Cornerstone Ministries does not rely on a single funder for 50% or more of its revenue. More information can be found on their website at www.Cornerstone-Ranch.com.

Mission Statement

Cornerstone Ministries provides a home for adults with special needs. Built on Christian values, the home provides a family-centric environment where independence thrives, character grows, and confidence is nurtured.
Revenues
$13.2M
Expenses
$2.7M
Net Income:
+$10.5M
Assets
$32.5M
Liabilities
$5.3M
Net Assets:
+$27.2M
Operating Budget
$2.7M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
18
Median grant size
$13.1K
Largest grant received
$1M
D
David Heaton
Board Member
S
Steve Fischer
Board Member
J
Jimmy Laferney
Board Member

Frequently Asked Questions

What is Cornerstone Ministries Inc’s budget?
In 2024, Cornerstone Ministries Inc reported an annual operating budget of around $2.7 million. More detailed financial information is available to registered users.
What causes does Cornerstone Ministries Inc support?
Cornerstone Ministries Inc supports work in Residential mental health care.
Where does Cornerstone Ministries Inc operate?
Cornerstone Ministries Inc is headquartered in Mckinney, TX.
Who funded Cornerstone Ministries Inc recently?
In 2025, Cornerstone Ministries Inc received grants from HILLCREST FOUNDATION C/O BANK OF AMERICA NA, RAYMOND JAMES CHARITABLE ENDOWMENT FUND, and Dallas Seminary Found Vision Fund. More information on this organization’s funders is available to registered users.
What is the largest grant Cornerstone Ministries Inc received in 2024?
The largest grant to Cornerstone Ministries Inc in 2024 exceeds $1 million.