CORNELL MINISTRIES INC

EIN: 815258445 501(c)(3) Religion

Murfreesboro, TN

Total Revenue
$209,243
Total Expenses
$179,432
Total Assets
$245,279
Net Assets
$245,279
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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
LA
Principal Officer
Sharon Cornell
Phone
2252848020
Tax Period
2023-01-01 to 2023-12-31

CORNELL MINISTRIES INC, founded in 2015, is a small nonprofit in the Religion sector that reported $209K in total revenue in fiscal year 2023. Expenses of $179K left a modest 14% surplus.

Mission

Specifically the Corporation is formed to spread the Gospel of Jesus Christ throughout the world (Mark 16:15); to see people of all ages and all nations brought to a saving knowledge of Jesus Christ (Matthew 28:19) and to glorify Jesus Christ in everything we say and do.

Program Service Accomplishments

Program 1
Expenses: $19,729 Revenue: $0

Significant accomplishments continued to be realized during this time period. Cornell Ministries, Inc., organized several evangelical events which resulted in 90% of the attendees expressing growth...

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Significant accomplishments continued to be realized during this time period. Cornell Ministries, Inc., organized several evangelical events which resulted in 90% of the attendees expressing growth in their personal walk with Christ and moreover were ignited in their desire to tell others how they can know Jesus Christ as their Savior and Lord. Additionally, these events resulted in an initial introduction to several attendees to the saving knowledge of Jesus Christ. These evangelical events included: Inner city outreach, Youth Ministry Events, Ministry events including teaching, preaching and singing. Although these events incurred expenses to conduct, they also generated a desire for others to partner with this Ministry to enable us to continue the fulfillment of our mission statement, to bring all to a saving knowledge of Jesus Christ.

Program 2
Expenses: $28,379 Revenue: $0

Cornell Ministries, Inc. has been involved in several media outreach forums, such as: Television, radio and social media. Specifically, hosting a television program, entitled, "Cross Life," that...

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Cornell Ministries, Inc. has been involved in several media outreach forums, such as: Television, radio and social media. Specifically, hosting a television program, entitled, "Cross Life," that aired twice a week. Additionally, Bob and Sharon Cornell are frequently guest ministers on an international Christian Broadcasting Network, preaching and teaching practical Biblical truths enabling the listener to know and live in their identity in Christ through His finished work on the Cross. Reaching the United States and world wide, sharing this message of hope - the Love of Christ. Though it is difficult to accurately provide a specific amount of revenue as a result of this initiative, growth is evidenced by the increase of contributors.

Program 3
Expenses: $57,126 Revenue: $0

Cornell Ministries Inc., were able to expand our outreach and is still is honored to be able to fulfill these scriptures found in Matthew 25:35-37. "For I was hungry, and you gave me something to...

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Cornell Ministries Inc., were able to expand our outreach and is still is honored to be able to fulfill these scriptures found in Matthew 25:35-37. "For I was hungry, and you gave me something to eat: I was thirsty, and you gave me drink: I was a stranger, and you took me in: I needed clothes and you clothed me: I was sick, and you looked after me: I was in prison, and you came to visit me." Through the benevolence of Cornell Ministries we have been able to demonstrate the love of Christ in these practical ways, as mentioned above, as we have been called to do. Thus, continuing to glorify Jesus Christ in everything we say and do. "Come unto Me all you that labor and are heavy laden and I will give you rest." Mathew 11:28

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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 (2023)

Revenue Breakdown

Contributions & Grants $209,243
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $209,243

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $105,234
Other Expenses $179,432
TOTAL EXPENSES $179,432

Year-over-Year Comparison

2023 2022 Change
Revenue $209,243 $213,093 0.0%
Expenses $179,432 $154,510 +0.2%
Net Income $29,811 $58,583 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Cornell President 25
Director
$0 $0 $0
Sharon Cornell Vice President/Secretary/Treasurer 20
Director
$0 $0 $0
Clara Wright Director 10
Director
$0 $0 $0
Asher Webber Director 1
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
2024 No data No data No data No data
2023 $209,243 $179,432 $245,279 $29,811
2022 $213,093 $154,510 $215,468 $58,583
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