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Cornerstone Ranch INC FY2020 filing

Tax-deductible

Gardendale, AL501(c)(3)Recreation & SportsEIN 63-1244189Revenue $189K in FY2020

On file with the IRSPo Box 152, 35071-0152 · Gardendale, ALTax-exempt since May 2001Publicly supported charity — 170(b)(1)(A)(vi)

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To provide therapeutic horse back riding and other activities to those who are physically challenged in a christian environment.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $85K a year · 47% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Looks good: 16.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$58K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$189K
Spent
$90K
To programs
68%
Net assets
$434K
By yearFY2020–FY2024
Revenue
$189K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$189K
FY2021$173K
FY2023$156K
FY2024$97K
Expenses
$90K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$90K
FY2021$102K
FY2023Not on file
FY2024Not on file
Net assets
$434K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$434K
FY2021$420K
FY2023$424K
FY2024$408K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2001.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $61K Management & general 32% · $29K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Jimmy Nation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Dalton Moore
Director
$0Pt VII · Sec A
See Cornerstone Ranch INC executive salaries →

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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 15aNo

Programs and updates

Offers therapeutic horseback riding and activities for physically challenged individuals in a Christian setting.

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3 programs · in their own filed words · FY2020
01

To provide therapeutic horse back riding and other activities to those who are physically challenged in a christian environment.

Pt IX · col B
02

To provide therapeutic horse back riding and other activities to those who are physically challenged in a christian environment.

Pt IX · col B
03

To provide therapeutic horse back riding and other activities to those who are physically challenged in a christian environment.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$189K
Ln 12
Gifts and grantsLn 1h$129K
Fees for servicesLn 2g$60K
Investment incomeLn 3$29
Money outPt IX
$90K
Ln 25
Programscol B$61K
Managementcol C$29K
Owns and owesPt X
$434K
net assets · Ln 32
Cash and savingsLn 1–2$126K
Total assetsLn 16$493K
LiabilitiesLn 26$58K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$129K
Government grantsLn 1e$129K
Fees for servicesLn 2g$60K
Investment incomeLn 3$29
Total revenueLn 12$189K
Assets in detailPt X, end of year
CashLn 1$126K
Cash and savings togetherLn 1–2$126K
Land, buildings, equipmentLn 10c$367K
Total assetsLn 16$493K
LiabilitiesLn 26$58K
Net assetsLn 32$434K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$25K$126K
Land, buildings, equipmentLn 10c$305K$367K
Total assetsLn 16$331K$493K
LiabilitiesLn 26$71K$58K
Net assetsLn 32$259K$434K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$100$100
Other salaries and wagesLn 7$29K$29K
Management feesLn 11a$1K$1K
Other fees for servicesLn 11g$24K$24K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$218$218
OccupancyLn 16$22K$22K
TravelLn 17$692$692
InterestLn 20$4K$4K
InsuranceLn 23$7K$7K
Total functional expensesLn 25$90K$61K$29K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $97K$408K 990 PDF
FY2023 $156K$424K 990 PDF
FY2022 Not on file
FY2021 $173K$102K$71K$420K 990 PDF
FY2020 Viewing $189K$90K$99K$434K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $189,092 revenue, 12 lines filed
I-8 Contributions and grants$128,910
I-9 Program service revenue$60,153
I-10 Investment income$29
I-11 Other revenue$0
I-12 Total revenue$189,092
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$28,700
I-16a Professional fundraising fees$0
I-17 Other expenses$61,145
I-18 Total expenses$89,845
I-19 Revenue less expenses$99,247
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $189,092 across 5 lines filed
VIII-1e Government grants$128,910
VIII-1h Total contributions, gifts and grants$128,910
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $60,153$60,153
VIII-3 Investment incomeRelated to mission $29$29
VIII-12 Total revenueRelated to mission $60,182$189,092
Part IX · Statement of functional expenses $89,845 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $100$100
IX-7 Other salaries and wagesManagement $28,600$28,600
IX-11a Management feesPrograms $1,088$1,088
IX-11g Other fees for servicesPrograms $23,872$23,872
IX-12 Advertising and promotionPrograms $2,747$2,747
IX-13 Office expensesPrograms $218$218
IX-16 OccupancyPrograms $21,701$21,701
IX-17 TravelPrograms $692$692
IX-20 InterestPrograms $4,230$4,230
IX-23 InsurancePrograms $6,597$6,597
IX-25 Total functional expensesPrograms $61,245 · Management $28,600 · Fundraising $0$89,845
Part X · Balance sheet $492,623 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $25,136$125,917
X-10c Land, buildings and equipment, netStart of year $305,402$366,706
X-16 Total assetsStart of year $330,538$492,623
X-17 Accounts payable and accrued expensesStart of year $1,694$1,679
X-25 Other liabilitiesStart of year $69,485$56,724
X-26 Total liabilitiesStart of year $71,179$58,403
X-32 Total net assets or fund balancesStart of year $259,359$434,220
X-33 Total liabilities and net assetsStart of year $330,538$492,623
Part XI · Reconciliation of net assets $434,220 net assets at year end
XI-1 Total revenue$189,092
XI-2 Total expenses$89,845
XI-3 Revenue less expenses$99,247
XI-4 Net assets at start of year$259,359
XI-8 Prior period adjustments$75,614
XI-10 Net assets at end of year$434,220

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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