CORNERSTONE OF HOPE INC

EIN: 050623289 501(c)(3) Housing & Shelter

Johnston, IA

Total Revenue
$62,324
Total Expenses
$45,790
Total Assets
$92,007
Net Assets
$91,819
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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
IA
Principal Officer
Kevin McGuire
Phone
5159882284
Tax Period
2025-01-01 to 2025-12-31

CORNERSTONE OF HOPE INC, founded in 2005, is a micro nonprofit in the Housing & Shelter sector that reported $62K in total revenue in fiscal year 2025. The organization ran a surplus of $17K, a strong 27% operating margin.

Mission

We support orphan causes and help orphans to have a place to live. This includes food programs, health care, clean water, Housing, education and adoption. We also educate people in the United States on orphan issues.

Program Service Accomplishments

Program 1
Expenses: $34,669 Revenue: $0

Grant to fund operations of Cornerstone of Hope, Nigeria Orphanage. Cornerstone of Hope Nigeria takes care of Orphan Children in a permanent facility. They provide food, health care, clean water...

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Grant to fund operations of Cornerstone of Hope, Nigeria Orphanage. Cornerstone of Hope Nigeria takes care of Orphan Children in a permanent facility. They provide food, health care, clean water, education, security, and family support programs in Nigeria.

Program 2
Expenses: $0 Revenue: $0

Program to find adoptive parents for the children and educate American's on Orphan's needs. All volunteers provide the presentations. Cornerstone has no expense for this service.

Program 3
Expenses: $3,000 Revenue: $0

Providing Educational presentations to schools and organizations about Nigerian orphans and issues that cause children to become orphans. All presentations are delivered by volunteers at travel...

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Providing Educational presentations to schools and organizations about Nigerian orphans and issues that cause children to become orphans. All presentations are delivered by volunteers at travel expenses only to the organization

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $61,929
Program Service Revenue $0
Investment Income $395
Other Revenue $0
TOTAL REVENUE $62,324

Expense Breakdown

Grants Paid $37,669
Salaries & Benefits $0
Fundraising Expenses $4,345
Program Expenses $37,669
Other Expenses $8,121
TOTAL EXPENSES $45,790

Year-over-Year Comparison

2025 2024 Change
Revenue $62,324 $65,081 0.0%
Expenses $45,790 $55,789 -0.2%
Net Income $16,534 $9,292 +0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eric Idehen Director 10
Officer Director
$0 $0 $0
Kevin McGuire Director / Treasurer 10
Officer Director
$0 $0 $0
Aliou Kieta Director / President 10
Officer Director
$0 $0 $0
Jon Albert Director 5
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $62,324 $45,790 $92,007 $16,534
2024 $65,081 $55,789 $75,284 $9,292
2022 $91,746 $68,091 $56,545 $23,655
2021 $81,954 $75,417 $32,908 $6,537
2020 $74,552 $65,431 $26,372 $9,121
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