Nonprofit · EIN 92-0283902
CORNERSTONE FRANCISCAN MINISTRIES INC
Tax-exempt · LUTHVLE TIMON, MD 21094
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,484,879 | $2,707,747 | -$222,868 | $1,997,492 | $500,541 | $1,496,951 |
| December 31, 2023 | 990 | $6,431,336 | $6,223,719 | $207,617 | $2,316,635 | $613,355 | $1,703,280 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,180,699
- of which government grants
- $2,047,410
- Program service revenue
- $265,453
- Investment income
- $38,727
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,263,549
- Compensation of officers, directors and key employees
- $282,177
- Other salaries and wages
- $832,699
- Salaries, compensation and benefits (total)
- $1,256,284
- Professional fundraising fees
- $0
- Legal fees
- $413
- Accounting fees
- $40,194
- Travel
- $14,568
- Program services (functional)
- $2,538,742
- Management and general (functional)
- $169,005
Balance sheet and other
- Total assets, start of year
- $2,316,635
- Total assets, end of year
- $1,997,492
- Total liabilities, end of year
- $500,541
- Net assets, end of year
- $1,496,951
- Publicly traded securities
- $866,322
- Net assets without donor restrictions
- $1,496,951
- Gross receipts
- $2,484,879
- Employees
- 22
- Volunteers
- 0
- Year formed
- 2022
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ABBOGGS JR | DIRECTOR, EX-OFFICIO, CEO/ Trustee or director, Officer | 40 | $170,402 | $7,899 |
| JOSEPH M BENTZEN | FINANCE DIRECTOR Officer | 40 | $103,381 | $935 |
| REV DR KRISTOFER LINDH-PAYNE | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| STEVE MORGAN | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| KYLIE DELGADO | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAN MCCARTHY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DIANNA MORGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REV MONIQUE ELLISON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUDITH M WRIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ABBOGGS JR | DIRECTOR, EX-OFFICIO, CEO/CFO Trustee or director, Officer | 30 | $75,000 | $7,701 |
| REV DR KRISTOFER LINDH-PAYNE | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| STEVE MORGAN | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| KYLIE DELGADO | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAN MCCARTHY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DIANNA MORGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REV MONIQUE ELLISON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUDITH M WRIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5257, LUTHVLE TIMON, MD 21094-5257
- In care of
- % JAY BOGGS
- Principal officer (990 for 2024)
- AB JAY BOGGS JR, PO BOX 5257, LUTHERVILLE, MD 21094
- Signed the 990
- AB JAY BOGGS JR, CEO
- Phone
- (410) 538-2830
- Website
- CFMINS.ORG
- Return prepared by
- GROSS MENDELSOHN & ASSOCIATES PA
Mission
INVESTING IN PEOPLE AND INSPIRING COMMUNITY.
Program accomplishments
- CORNERSTONE HAS DEVELOPED AN INNOVATIVE FINANCIAL WELLNESS APPROACH TO SUPPORT THE WORK OF ITS CORE MINISTRIES. THROUGH ITS FAMILY SERVICES MINISTRY, CORNERSTONE WORKS DIRECTLY WITH INDIVIDUALS AND FAMILIES TO BUILD KEY LIFE SKILLS, SECURE ACCESS TO AND MAINTAIN AFFORDABLE HOUSING, AND MEET THEIR GOALS TOWARD A BETTER FUTUREExpenses $2,115,907 · grants $1,263,549
- CORNERSTONE ALSO WORKS WITH FAITH-BASED ORGANIZATIONS PROVIDING ACCOUNTING, FINANCIAL, AND ADMINISTRATIVE SERVICES TO SUPPORT THEIR MISSION AND MINISTRIES.Expenses $422,835 · revenue $265,453
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 92-0283902
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X02)
- Assets (IRS master file)
- $1,997,492
- Income (IRS master file)
- $2,484,879
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,484,879 | $2,707,747 | $1,997,492 | XML |
| 990 | December 2023 | $6,431,336 | $6,223,719 | $2,316,635 | XML |
| 990 | December 2022 | $1,675,896 | $1,282 | $4,735,203 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 92-0283902).
Questions about CORNERSTONE FRANCISCAN MINISTRIES INC
- What is the EIN of CORNERSTONE FRANCISCAN MINISTRIES INC?
- The employer identification number (EIN) of CORNERSTONE FRANCISCAN MINISTRIES INC is 92-0283902.
- Is CORNERSTONE FRANCISCAN MINISTRIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to CORNERSTONE FRANCISCAN MINISTRIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE FRANCISCAN MINISTRIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CORNERSTONE FRANCISCAN MINISTRIES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORNERSTONE FRANCISCAN MINISTRIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CORNERSTONE FRANCISCAN MINISTRIES INC?
- The 990 for the year ended December 31, 2024 names AB JAY BOGGS JR.
- Who are the officers and directors of CORNERSTONE FRANCISCAN MINISTRIES INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $170,402 (ABBOGGS JR, DIRECTOR, EX-OFFICIO, CEO/).
- How much revenue does CORNERSTONE FRANCISCAN MINISTRIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,484,879, expenses of $2,707,747 and total assets of $1,997,492 at year end.
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