CORNERSTONE CENTER FOR THE ARTS INC

MUNCIE, IN, 47305-1834 (765) 281-9503 Est. 1988 EIN 35-1804398

990 - Public charity return 501(c)(3)

www.cornerstonearts.org

Mission

TO PROVIDE A BUILDING FOR THE PROMOTION OF THE ARTS IN THE COMMUNITY, AND TO ESTABLISH AND MAINTAIN DIVERSE ART PROGRAMS TO BE ADMINISTERED IN A SAFE LEARNING ENVIRONMENT FOR CHILDREN AND ADULTS.

Financials

Total Revenue

$915,682

Total Expenses

$642,910

Net Assets

$1,797,456

29 employees 50 volunteers

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

2.8 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 24.7%

Expenses ↓ 21.1%

Revenue Sources

Contributions 77.9% Earned revenue 19.2% Investment 0.1% Other 3.0%

Expense Breakdown

Program 66.0% Management 31.6% Fundraising 2.4%

Officers & Key Employees (13)

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Grants Received (43)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$915,682 ↑	$642,910	$1,797,456
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$734,036 ↑	$814,557	$1,479,515
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$714,891 ↑	$752,928	$2,259,665
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$568,995 ↓	$478,613	$2,438,980
2019 990 - Public charity return Jan 1, 2019 to Dec 31, 2019	$894,496 ↓	$795,277	$2,425,360
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$907,753	$760,704	$2,255,901