CORNERSTONE FOUNDATION FOR CHRISTIAN MINISTRY: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: CORNERSTONE FOUNDATION FOR CHRISTIAN MINISTRY (EIN 91-1997803)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-08-06
IRS object ID: 201242199349100619
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Schedule B
Gain Loss Sale Other Assets Sch
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-08-06T17:12:37-07:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	VERNON M MARTIN JR CPA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	12 SUMMIT DR	AddressLine1
City	DILLSBURG	City
State	PA	State
ZIP Code	17019	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	911997803	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	CORNERSTONE FOUNDATION FOR CHRISTIAN MINISTRIES	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	CORN	NameControl
Phone	2535146606	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	6606 64TH AVE NW	AddressLine1
City	GIG HARBOR	City
State	WA	State
ZIP Code	98335	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DAVID W GROFF	Name
Title	PRESIDENT	Title
Phone	2535146606	Phone
Date Signed	2012-08-06	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	VERNON M MARTIN JR CPA	Name
Phone	7177668156	Phone
Date Prepared	2012-08-06	DatePrepared
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	362397	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	7000	ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss	38	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	38	InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss	2684	DividendsRevAndExpnss
Dividends Net Invst Incm	2684	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	59321	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	109936	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	59321	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	69043	TotalRevenueAndExpenses
Total Net Investment Income	62043	TotalNetInvestmentIncome
Accounting Fees Rev And Expnss	1449	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	1449	AccountingFeesNetInvstIncm
Other Prof Fees Rev And Expnss	425	OtherProfFeesRevAndExpnss
Taxes Rev And Expnss	897	TaxesRevAndExpnss
Taxes Net Invst Incm	418	TaxesNetInvstIncm
Tot Opr Expenses Rev And Expnss	2771	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	1867	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	8664	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	8664	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	11435	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	1867	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	8664	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	57608	ExcessOfRevenueOverExpenses
Net Investment Income	60176	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	88588	CashBOY
Cash EOY	152691	CashEOY
Cash EOYFMV	152691	CashEOYFMV
Investments Corp Stock BOY	145553	InvestmentsCorpStockBOY
Investments Corp Stock EOY	139058	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	209706	InvestmentsCorpStockEOYFMV
Total Assets BOY	234141	TotalAssetsBOY
Total Assets EOY	291749	TotalAssetsEOY
Total Assets EOYFMV	362397	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	234141	RetainedEarningsBOY
Retained Earnings EOY	291749	RetainedEarningsEOY
Total Net Assets BOY	234141	TotalNetAssetsBOY
Total Net Assets EOY	291749	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	234141	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	291749	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	234141	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	57608	ExcessOfRevenueOverExpenses
Subtotal	291749	Subtotal
Total Net Assets Fund Balances EOY	291749	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo

Field	Value	IRS element (for citing)
Description Of Asset	COMMON STOCK	DescriptionOfAsset
How Acquired	P	HowAcquired
Date Acquired	2006-02-21	DateAcquired
Date Sold	2011-08-11	DateSold
Gross Sales Price	109936	GrossSalesPrice
Depreciation	0	Depreciation
Cost Or Other Basis	50615	CostOrOtherBasis
Gain Or Loss	59321	GainOrLoss
FMV As Of123169	0	FMVAsOf123169
Adjusted Basis As Of123169	0	AdjustedBasisAsOf123169
Excess Of FMV Over Adjusted Basis	0	ExcessOfFMVOverAdjustedBasis
Gains Minus Excess Or Losses	59321	GainsMinusExcessOrLosses

Field	Value	IRS element (for citing)
Capital Gain Net Income	59321	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	7600	QualifyingDistributionsYear1
Noncharitable Assets Year1	338335	NoncharitableAssetsYear1
Distribution Ratio Year1	0.022463	DistributionRatioYear1
Qualifying Distributions Year2	14205	QualifyingDistributionsYear2
Noncharitable Assets Year2	269395	NoncharitableAssetsYear2
Distribution Ratio Year2	0.052729	DistributionRatioYear2
Qualifying Distributions Year3	15144	QualifyingDistributionsYear3
Noncharitable Assets Year3	215735	NoncharitableAssetsYear3
Distribution Ratio Year3	0.070197	DistributionRatioYear3
Qualifying Distributions Year4	11552	QualifyingDistributionsYear4
Noncharitable Assets Year4	196259	NoncharitableAssetsYear4
Distribution Ratio Year4	0.058861	DistributionRatioYear4
Qualifying Distributions Year5	6110	QualifyingDistributionsYear5
Noncharitable Assets Year5	130455	NoncharitableAssetsYear5
Distribution Ratio Year5	0.046836	DistributionRatioYear5
Total Distribution Ratio	0.251086	TotalDistributionRatio
Average Distribution Ratio	0.050217	AverageDistributionRatio
Net Noncharitable Assets	361574	NetNoncharitableAssets
Adjusted Noncharitable Assets	18157	AdjustedNoncharitableAssets
One Percent Net Investment Income	602	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	18759	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	8664	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	1204	InvestmentIncomeExciseTax
Tax Under Section511	0	TaxUnderSection511
Subtotal	1204	Subtotal
Tax Based On Investment Income	1204	TaxBasedOnInvestmentIncome
Tax Paid Original Return	0	TaxPaidOriginalReturn
Form2220 Attached	X	Form2220Attached
Penalty For Underpayment	26	PenaltyForUnderpayment
Tax Due	1230	TaxDue
Amount Credited To Next Year	0	AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress
Books In Care Of Person Name	DAVID GROFF	BooksInCareOfPersonName
Books In Care Of Phone Number	2535146606	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	6606 64TH AVE NW	AddressLine1
City	GIG HARBOR	City
State	WA	State
ZIP Code	98335	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Business Holdings	false	BusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances
DAVID GROFF
6606 64TH AVE NW	GIG HARBOR	WA	98335	PRESIDENT	3.00	0	0	0
MILDRED GROFF
6606 64TH AVE NW	GIG HARBOR	WA	98335	SECRETARY	1.00	0	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k	0	TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k	0	TotNumberOfCntrctPaidOver50k

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	246440	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	120640	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	367080	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	367080	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	5506	CashDeemedCharitable
Net Noncharitable Assets	361574	NetNoncharitableAssets
Minimum Investment Return	18079	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	18079	MinimumInvestmentReturn
Tax Based On Investment Income	1204	TaxBasedOnInvestmentIncome
Total Tax	1204	TotalTax
Distributable Amount Before Adj	16875	DistributableAmountBeforeAdj
Distributable Amount Before Ded	16875	DistributableAmountBeforeDed
Distributable Amount As Adjusted	16875	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	8664	ExpensesAndContributions
Qualifying Distributions	8664	QualifyingDistributions
Adj Qualifying Distributions	8664	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	16875	DistributableAmountAsAdjusted
Excess Distri Carryover Year5	6110	ExcessDistriCarryoverYear5
Excess Distri Carryover Year4	2655	ExcessDistriCarryoverYear4
Excess Distri Carryover Year3	4549	ExcessDistriCarryoverYear3
Excess Distri Carryover Year2	2085	ExcessDistriCarryoverYear2
Excess Distri Carryover Year1	9537	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	24936	TotalExcessDistriCarryover
Qualifying Distributions	8664	QualifyingDistributions
Applied To Current Year	8664	AppliedToCurrentYear
Excess Distri Cyov App CY Corpus	8211	ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY	8211	ExcessDistriCyovAppliedCY
Total Corpus	16725	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov To Next Year	16725	ExcessDistriCyovToNextYear
Excess From Year4	554	ExcessFromYear4
Excess From Year3	4549	ExcessFromYear3
Excess From Year2	2085	ExcessFromYear2
Excess From Year1	9537	ExcessFromYear1

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	DAVID GROFF	ContributingManager

Appication Submission Info AppicationSubmissionInfo

Field	Value	IRS element (for citing)
Recipient Name	DAVID W GROFF	RecipientName

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	6606 64TH AVE NW	AddressLine1
City	GIG HARBOR	City
State	WA	State
ZIP Code	983356633	ZIPCode

Field	Value	IRS element (for citing)
Recipient Phone Number	2535146606	RecipientPhoneNumber
Form And Info And Materials	BASIC REQUEST	FormAndInfoAndMaterials
Submission Deadlines	NONE	SubmissionDeadlines
Restrictions On Awards	NONE	RestrictionsOnAwards

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	COMPASSION INTERNATIONAL INC	BusinessNameLine1

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	12290 VOYAGER PARKWAY	AddressLine1
City	COLORADO SPRINGS	City
State	CO	State
ZIP Code	80921	ZIPCode

Field	Value	IRS element (for citing)
Recipient Foundation Status	501(c)(3)	RecipientFoundationStatus
Purpose Of Grant Or Contribution	CHARITABLE DONATION	PurposeOfGrantOrContribution
Amount	$8,664	Amount

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	8664	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$38	ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$2,684	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	$59,321	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$62,043	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	62043	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	X	Organization501c3ExemptPF
General Rule	X	GeneralRule

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	1	ContributorNumber
Contributor Name Individual	DAVID W GROFF	ContributorNameIndividual

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	6606 64TH AVE NW	AddressLine1
City	GIG HARBOR	City
State	WA	State
ZIP Code	98335	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	6000	AggregateContributions
Person Contribution Type	X	PersonContributionType

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset

Field	Value	IRS element (for citing)
Name	FIDELITY STOCK ACCOUNT	Name
Date Acquired	2006-02	DateAcquired
How Acquired	Purchased	HowAcquired
Date Sold	2011-08	DateSold

Purchaser Name PurchaserName

Business Business

Field	Value	IRS element (for citing)
Business Name Line1	STOCK BROKER	BusinessNameLine1

Field	Value	IRS element (for citing)
Gross Sales Price	109936	GrossSalesPrice
Basis	50615	Basis
Total Net	59321	TotalNet

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	Income, US and Foreign	Category
Amount	$897	Amount
Net Investment Income	418	NetInvestmentIncome