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Cornerstone Broadcasting Corporation

Tax-deductible

Port Orange, FL501(c)(3)Religion EIN 59-3237140Revenue $711K in FY2025Latest return filed Feb 2, 2026

On file with the IRScornerstoneministry.org4295 S Ridgeweed Ave, 32127-0000 · Port Orange, FLTax-exempt since Jun 1995Publicly supported charity — 170(b)(1)(A)(vi)

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24 hours per day, 7 days per week, religious Broadcasting of programs and music.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$60K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $20K a year · 4% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 11% of spending
Top officer’s pay higher than 62% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$41K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$711K
+62% vs prior year
Spent
$558K
To programs
100%
Net assets
$993K
By yearFY2020–FY2025
Revenue
$711K
FY2025▲ +62%
Tap a bar for its year
Revenue by fiscal year
FY2020$404K
FY2021$421K
FY2022$467K
FY2023$460K
FY2024$438K
FY2025$711K
Expenses
$558K
FY2025▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$389K
FY2021$411K
FY2022$493K
FY2023$476K
FY2024$456K
FY2025$558K
Net assets
$993K
FY2025▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$863K
FY2021$891K
FY2022$848K
FY2023$839K
FY2024$840K
FY2025$993K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $556K Fundraising 0% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
$60,000Pt VII · Sec A
Cindy Ray
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Denis Shelly
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark McGrane
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

William Powell’s $60K as President is at the 62nd percentile of top reported officer pay among 2133 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2023FY2022FY2021FY2020
William Powell$60,000$65,692$59,300$59,000$58,700

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Cornerstone Broadcasting Corporation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Broadcasts religious programs and music 24/7.

Questions for Cornerstone Broadcasting Corporation

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1 program · $556K · in their own filed words · FY2025
01

24 HRS per day, 7 days per week broadcasting of christian music and programming.

$556Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$711K
Ln 12
Gifts and grantsLn 1h$598K
Other incomeLn 4–11$94K
Investment incomeLn 3$19K
Money outPt IX
$558K
Ln 25
Programscol B$556K
Fundraisingcol D$3K
Owns and owesPt X
$993K
net assets · Ln 32
Cash and savingsLn 1–2$386K
Total assetsLn 16$1.0M
LiabilitiesLn 26$41K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$598K
Government grantsLn 1e$578K
Fundraising eventsLn 1c$20K
Investment incomeLn 3$19K
Other incomeLn 4–11$94K
Total revenueLn 12$711K
Assets in detailPt X, end of year
CashLn 1$129K
SavingsLn 2$258K
Cash and savings togetherLn 1–2$386K
InvestmentsLn 11–13$220K
Land, buildings, equipmentLn 10c$356K
Other assetsLn 15$24K
Total assetsLn 16$1.0M
LiabilitiesLn 26$41K
Net assetsLn 32$993K
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$122K$386K
InvestmentsLn 11–13$329K$220K
Land, buildings, equipmentLn 10c$386K$356K
Total assetsLn 16$976K$1.0M
LiabilitiesLn 26$136K$41K
Net assetsLn 32$840K$993K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$60K$60K
Other salaries and wagesLn 7$154K$154K
Payroll taxesLn 10$24K$24K
Accounting feesLn 11c$4K$4K
Professional fundraising feesLn 11e$3K$3K
Investment management feesLn 11f$2K$2K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$7K$7K
Depreciation, depletion and amortizationLn 22$59K$59K
InsuranceLn 23$14K$14K
All other expensesLn 24e$223K$223K
Total functional expensesLn 25$558K$556K$0$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Feb 2, 2026 $711K$558K$153K$993K 990 PDF
FY2024Filed with the IRS Jul 10, 2025 $438K$456K−$19K$840K 990 PDF
FY2023Filed with the IRS May 15, 2024 $460K$476K−$16K$839K 990 PDF
FY2022Filed with the IRS May 10, 2023 $467K$493K−$26K$848K 990 PDF
FY2021Filed with the IRS Apr 1, 2022 $421K$411K$10K$891K 990 PDF
FY2020Filed with the IRS Apr 8, 2021 $404K$389K$15K$863K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $711,214 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $385,084$598,154
I-9 Program service revenue$0
I-10 Investment incomePrior year $46,359$19,167
I-11 Other revenuePrior year $6,239$93,893
I-12 Total revenuePrior year $437,682$711,214
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $187,245$237,493
I-16a Professional fundraising fees$2,789
I-17 Other expensesPrior year $269,229$318,089
I-18 Total expensesPrior year $456,474$558,371
I-19 Revenue less expensesPrior year −$18,792$152,843
Part VI · Governance 6 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $711,214 across 8 lines filed
VIII-1c Fundraising events$20,034
VIII-1e Government grants$578,120
VIII-1h Total contributions, gifts and grants$598,154
VIII-3 Investment incomeRelated to mission $19,167$19,167
VIII-6 Net rental income or lossRelated to mission $1,200$1,200
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $92,693$92,693
VIII-12 Total revenueRelated to mission $113,060 · Unrelated business $0 · Excluded from tax $0$711,214
Part IX · Statement of functional expenses $558,371 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $60,000$60,000
IX-7 Other salaries and wagesPrograms $153,782$153,782
IX-10 Payroll taxesPrograms $23,711$23,711
IX-11c Accounting feesPrograms $4,335$4,335
IX-11e Professional fundraising feesFundraising $2,789$2,789
IX-11f Investment management feesPrograms $2,103$2,103
IX-12 Advertising and promotionPrograms $8,691$8,691
IX-13 Office expensesPrograms $7,143$7,143
IX-22 Depreciation, depletion and amortizationPrograms $59,362$59,362
IX-23 InsurancePrograms $13,784$13,784
IX-24e All other expensesPrograms $222,671$222,671
IX-25 Total functional expensesPrograms $555,582 · Management $0 · Fundraising $2,789$558,371
Part X · Balance sheet $1,033,405 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $99,085$128,654
X-2 Savings and temporary cash investmentsStart of year $22,550$257,762
X-4 Accounts receivableStart of year $6,053$7,220
X-10c Land, buildings and equipment, netStart of year $385,921$355,712
X-11 Publicly traded securitiesStart of year $329,108$220,458
X-14 Intangible assetsStart of year $54,319$39,953
X-15 Other assetsStart of year $78,886$23,646
X-16 Total assetsStart of year $975,922$1,033,405
X-17 Accounts payable and accrued expensesStart of year $58,567$18,447
X-25 Other liabilitiesStart of year $77,340$22,100
X-26 Total liabilitiesStart of year $135,907$40,547
X-27 Net assets without donor restrictionsStart of year $840,015$992,858
X-32 Total net assets or fund balancesStart of year $840,015$992,858
X-33 Total liabilities and net assetsStart of year $975,922$1,033,405
Part XI · Reconciliation of net assets $992,858 net assets at year end
XI-1 Total revenue$711,214
XI-2 Total expenses$558,371
XI-3 Revenue less expenses$152,843
XI-4 Net assets at start of year$840,015
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$992,858

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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