Overview
What is Cornerstone Ministries International?
Cornerstone Ministries International is a nonprofit organization based in Tustin, California. Their primary mission is to deliver Bibles and Christian literature to persecuted churches in countries with restricted access to the Gospel, such as North Korea, China, Islamic nations, and Israel. They collaborate with various partnering ministries, mission organizations, and individual missionaries to accomplish this objective. As of the provided data, they have distributed a substantial number of Bibles in different languages, including 10,130 Chinese Bibles, 6,602 North Korean Bibles, and 2,736 Hebrew Bibles. They also produce and broadcast the 'South and North Korean Parallel Bible' to help North Korean refugees understand the North Korean Bible alongside the South Korean Bible. Through shortwave radio and apps, they reach out to believers and Christian leaders in North Korea and abroad. Their activities are geared towards propagating the Gospel of Jesus Christ in restricted nations, by delivering Bibles, raising local leaders, training and sending out missionaries, planting churches, and providing humanitarian assistance. The organization has a workforce of 14 individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Cornerstone Ministries International has received an 80% rating, indicating a solid level of accountability and financial management. The rating is primarily based on their Accountability & Finance score, which reflects their commitment to maintaining transparency and effective governance practices.
The organization demonstrates strengths in several areas, including a high program expense ratio of 86.47%, which signifies that a substantial portion of their funding directly supports their programs. Additionally, they have a low liabilities to assets ratio of 23.75%, showcasing their financial stability. Their board governance practices are also commendable, with 60% of board members being independent and having policies in place for conflict of interest and whistleblower protections.
However, there are notable limitations, particularly the absence of financial statements, which resulted in a score of zero in that category. Additionally, the organization has a small independent board size of only three members, which may limit diverse perspectives and oversight. Finally, the charity's website is not listed on their tax form, suggesting areas for improvement in transparency and accessibility of information.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Ministries International legitimate?
Cornerstone Ministries International is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Ministries International submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $115,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Cornerstone Ministries International?
Cornerstone Ministries International's mission is centered around spreading the Gospel of Jesus Christ in nations where it is restricted. They achieve this by delivering Bibles and Christian literature, nurturing local leaders, providing training, dispatching missionaries, establishing churches, and conducting evangelism alongside humanitarian aid. Their ultimate goal is to seek out lost individuals, turn them into disciples of Jesus Christ, and collaborate to build God's kingdom in these persecuted nations. Through partnerships with other ministries, mission organizations, and individual missionaries, they have distributed thousands of Bibles to countries such as North Korea, China, Islamic nations, and Israel. Additionally, they have published parallel Bibles for North Korean refugees and broadcast religious content over shortwave and apps to reach believers and Christian leaders in North Korea and abroad.
Who is the CEO of Cornerstone Ministries International?
Peter Lee is the President of Cornerstone Ministries International.
What is the revenue of Cornerstone Ministries International?
Cornerstone Ministries International's revenue in 2022 was $2,067,301.
Who are the executives of Cornerstone Ministries International and what are their salaries?
The average compensation at Cornerstone Ministries International during 2022 was $8,229. There are 14 employees and 120 volunteers at Cornerstone Ministries International.
Here are 5 key members and their salaries:
- Compensation: $57,600
- Related: $0
- Other: $0
- Compensation: $57,600
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cornerstone Ministries International?
Cornerstone Ministries International's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cornerstone Ministries International
Cornerstone Ministries International is dedicated to spreading the gospel of Jesus Christ in nations where it is restricted, with a focus on delivering Bibles, raising local leaders, training and sending out missionaries, planting churches, and carrying out evangelism with humanitarian assistance. Their mission is to seek out the lost sheep of God, make disciples of Jesus Christ, and work together in the Holy Spirit to build the kingdom of God in these nations. They do this by collaborating with other partnering ministries, mission organizations, and individual missionaries to deliver Bibles and Christian literature to persecuted churches in countries such as North Korea, China, Islamic nations, and Israel.
The organization has distributed a significant number of Bibles, including 31,403 in total, with a substantial portion going to North Korean and Chinese communities. They have also published the 'South and North Korean Parallel Bible' to aid North Korean refugees living in South Korea in reading their Bibles in parallel with the South Korean Bible. In addition to radio broadcasts, they produce and broadcast worship services and Bible readings over short wave and apps to reach believers and Christian leaders in North Korea and abroad. Their mission is driven by a desire to comfort the lost and build the kingdom of God in persecuted nations.
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Impact
July, 2024
Cornerstone Ministries International has a significant impact in propagating the Gospel of Jesus Christ in gospel-restricted nations. By delivering Bibles, raising up local leaders, training and sending out missionaries, planting churches, and carrying out evangelism with humanitarian assistance, this ministry is actively involved in spreading the message of Jesus in countries like North Korea, China, Islamic nations, and Israel. They have distributed over 31,000 Bibles, including Chinese Bibles, North Korean Bibles, Hebrew Bibles, Arabic Bibles, and Myanmar Bibles. Additionally, they have published the 'South and North Korean Parallel Bible' to assist North Korean refugees in South Korea. Through broadcasting over shortwave and apps, Cornerstone Ministries International reaches believers and Christian leaders in North Korea and overseas, demonstrating a commitment to sharing the Christian message even in challenging environments.
This information is meant to be a general summary of Cornerstone Ministries International. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,063
- Gross Receipts: $2,067,301
Assets and Liabilities:
- Total Assets: $1,652,340
- Total Liabilities: $392,571
- Net Assets: $1,259,769
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Organization Details
Founding Year
1992
Phone
(714) 484-0042Principal Officer
Peter Lee
Main Address
PO BOX 4002, TUSTIN, CA, 92781
NTEE Category
Code: Q330 - International
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