Nonprofit · EIN 59-3237140
CORNERSTONE BROADCASTING CORPORATION
Tax-exempt · PORT ORANGE, FL 32127
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $711,214 | $558,371 | $152,843 | $1,033,405 | $40,547 | $992,858 |
| December 31, 2024 | 990 | $437,682 | $456,474 | -$18,792 | $975,922 | $135,907 | $840,015 |
| December 31, 2023 | 990 | $460,288 | $475,941 | -$15,653 | $1,021,556 | $182,435 | $839,121 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $598,154
- of which government grants
- $578,120
- Program service revenue
- $0
- Investment income
- $19,167
- Net rental income
- $1,200
- Other revenue
- $93,893
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $60,000
- Other salaries and wages
- $153,782
- Salaries, compensation and benefits (total)
- $237,493
- Professional fundraising fees
- $2,789
- Accounting fees
- $4,335
- Depreciation
- $59,362
- Program services (functional)
- $555,582
- Fundraising (functional)
- $2,789
Balance sheet and other
- Total assets, start of year
- $975,922
- Total assets, end of year
- $1,033,405
- Total liabilities, end of year
- $40,547
- Net assets, end of year
- $992,858
- Land, buildings and equipment
- $355,712
- Publicly traded securities
- $220,458
- Net assets without donor restrictions
- $992,858
- Gross receipts
- $711,214
- Employees
- 7
- Year formed
- 1994
- State of legal domicile
- FL
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM POWELL | PRESIDENT Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $60,000 |
| CINDY RAY | SECRETARY Officer | 1 | $0 |
| CHRIS JOHNSON | DIRECTOR Officer | 1 | $0 |
| DENIS SHELLY | DIRECTOR Officer | 1 | $0 |
| LOUIS MUELLER | DIRECTOR Officer | 1 | $0 |
| MARK MCGRANE | DIRECTOR Officer | 1 | $0 |
| FRANK REYNOLDS | DIRECTOR Officer | 1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM POWELL | PRESIDENT Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $0 |
| CINDY RAY | SECRETARY Officer | 0 | $0 |
| CHRIS JOHNSON | DIRECTOR Officer | 0 | $0 |
| DENIS SHELLY | DIRECTOR Officer | 0 | $0 |
| LOUIS MUELLER | DIRECTOR Officer | 0 | $0 |
| MARK MCGRANE | DIRECTOR Officer | 0 | $0 |
| FRANK REYNOLDS | DIRECTOR Officer | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM POWELL | PRESIDENT Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $65,692 |
| LOUIS MUELLER | DIRECTOR Officer | 0 | $0 |
| MARK MCGRANE | DIRECTOR Officer | 0 | $0 |
| FRANK REYNOLDS | DIRECTOR Officer | 0 | $0 |
| CINDY RAY | SECRETARY Officer | 0 | $0 |
| PAUL FRANCIS | DIRECTOR Officer | 0 | $0 |
| DENIS SHELLY | DIRECTOR Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 4295 S RIDGEWEED AVENUE, PORT ORANGE, FL 32127-0000
- In care of
- % WILLIAM POWELL
- Principal officer (990 for 2025)
- WILLIAM POWELL, 4295 RIDGEWOOD AVE, PORT ORANGE, FL 321274512
- Signed the 990
- WILLIAM POWELL, PRESIDENT
- Phone
- (386) 756-9094
- Website
- WWW.CORNERSTONEMINISTRY.ORG
- Return prepared by
- Certified Financial & Tax
Mission
24 HOURS/DAY, 7 DAYS/WEEK BROADCASTING OF CHRISTIAN MUSIC AND PROGRAMMING.
Program accomplishments
- 24 HRS PER DAY, 7 DAYS PER WEEK BROADCASTING OF CHRISTIAN MUSIC AND PROGRAMMING.Expenses $555,582 · revenue $711,214
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 | 990 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
- 59-3237140
- 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
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X80)
- Assets (IRS master file)
- $1,033,405
- Income (IRS master file)
- $711,214
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $711,214 | $558,371 | $1,033,405 | XML |
| 990 | December 2024 | $437,682 | $456,474 | $975,922 | XML |
| 990 | December 2023 | $460,288 | $475,941 | $1,021,556 | XML |
| 990 | December 2022 | $467,116 | $493,143 | $901,885 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 59-3237140).
Questions about CORNERSTONE BROADCASTING CORPORATION
- What is the EIN of CORNERSTONE BROADCASTING CORPORATION?
- The employer identification number (EIN) of CORNERSTONE BROADCASTING CORPORATION is 59-3237140.
- Is CORNERSTONE BROADCASTING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to CORNERSTONE BROADCASTING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE BROADCASTING CORPORATION 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 BROADCASTING CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORNERSTONE BROADCASTING CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CORNERSTONE BROADCASTING CORPORATION?
- The 990 for the year ended December 31, 2025 names WILLIAM POWELL.
- Who are the officers and directors of CORNERSTONE BROADCASTING CORPORATION?
- The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $60,000 (WILLIAM POWELL, PRESIDENT).
- How much revenue does CORNERSTONE BROADCASTING CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $711,214, expenses of $558,371 and total assets of $1,033,405 at year end.
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