Charity
Cornerstone Community Church
About
What does Cornerstone Community Church do?
Cornerstone Community Church is dedicated to spreading the Gospel of Jesus Christ through various communication methods such as visual, verbal, or written means. They also provide spiritual and material counseling services for those in need, including the sick, elderly, homeless, and impoverished individuals. The church engages in activities like constructing buildings, promoting events, collecting funds, and acquiring property to maintain its facilities. It's a non-profit organization that encourages Christian fellowship through prayer, discipleship, and spiritual gifts. Cornerstone Community Church is committed to building a Christ-centered congregation by preaching the Word of God and promoting evangelism, missionary work, and ministry growth.
Founded
1996
People
yang tuck yoong, kelly chia peng koon, andrew ong chin lee, hannah wei wei garcia, edwin ding yee min, lim lip yong, karen lee tze sein, daphne yang swee heng, rick chang wai wah, grace yeo peck hoon
Causes
Health & WellnessChildrenEducationHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 1996
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Spreading Christian faith through various communication methods.
- Providing counseling services to those in need, including the sick, elderly, homeless, and poor.
- Building and maintaining church buildings, social halls, offices, school facilities, parsonages, and recreational spaces for community use.
- Collecting funds, gifts, subscriptions, borrowing money, holding trusts, using, mortgaging, leasing, selling or disposing of property to support the Church's activities.
- Undertaking and executing various trusts deemed desirable by the church.
- Establishing agencies, branch churches, non-profit entities, and partnerships with other Christian organizations for mutual benefit.
- Building a Christ-centered congregation through worship, preaching of God's Word
Donation Income
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financials
Donation Income
What are the donations used for?
- Spreading Christian faith through various communication methods.
- Providing counseling services to those in need, including the sick, elderly, homeless, and poor.
- Building and maintaining church buildings, social halls, offices, school facilities, parsonages, and recreational spaces for community use.
- Collecting funds, gifts, subscriptions, borrowing money, holding trusts, using, mortgaging, leasing, selling or disposing of property to support the Church's activities.
- Undertaking and executing various trusts deemed desirable by the church.
- Establishing agencies, branch churches, non-profit entities, and partnerships with other Christian organizations for mutual benefit.
- Building a Christ-centered congregation through worship, preaching of God's Word
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financial Information
Source: Charity PortalCharities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.
| Receipts | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 20,007,080 | 20,795,306 | 19,041,683 |
| Total Donations in Cash | 20,007,080 | 20,795,306 | 19,041,683 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 148,452 | 408,192 | 1,076,790 |
| Investment Income | 329,081 | 29,229 | 126,410 |
| Programme Fees | 372,939 | 290,222 | 0 |
| Others Income | 219,135 | 99,386 | 517,901 |
| Total Receipts | 21,076,687 | 21,622,335 | 20,762,784 |
| Capital in Nature | 1,070,138 | 1,541,803 | 1,555,924 |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 11,793,996 | 11,633,551 | 10,219,064 |
| Overseas (Direct & Support) | 805,750 | 653,417 | 936,568 |
| Charitable Activities/Programme Expenses | 12,599,746 | 12,286,968 | 11,155,632 |
| Expenses | |||
| Other Expenses | 0 | 0 | 14,502 |
| Total Expenditure | 12,599,746 | 12,286,968 | 11,170,134 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 22,304,137 | 22,192,871 | 22,409,061 |
| Other Tangible Assets | 1,435,255 | 1,388,859 | 1,082,598 |
| Investments | 4,985,460 | 4,985,460 | 4,985,460 |
| Inventories | 137,349 | 140,792 | 137,306 |
| Account Receivables | 175,408 | 64,763 | 5,762 |
| Cash & Deposits | 58,877,226 | 50,492,583 | 40,936,840 |
| Other Assets | 1,655,663 | 1,659,097 | 1,642,793 |
| Total Assets | 89,570,498 | 80,924,425 | 71,199,820 |
| Funds | |||
| Total Unrestricted Funds | 70,882,143 | 62,334,450 | 53,695,055 |
| Total Restricted Funds | 16,710,915 | 16,525,120 | 15,827,445 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 87,593,058 | 78,859,570 | 69,522,500 |
| Liabilities | |||
| Total Current Liabilities | 1,175,678 | 1,113,232 | 1,047,520 |
| Total Non-Current Liabilities | 801,762 | 951,623 | 629,800 |
| Total Liabilities | 1,977,440 | 2,064,855 | 1,677,320 |
| Total Funds and Liabilities | 89,570,498 | 80,924,425 | 71,199,820 |
| Other Information | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 21,000 | 16,600 | 79,550 |
| No. of Employees | 95 | 90 | 93 |
| Total Employee Cost | 6,024,404 | 5,651,131 | 4,755,379 |
| Fudnraisig Efficiency Ratio | 0 | 0 | 0 |
| Total Related Party Transactions | 412,501 | 354,754 | 379,239 |
People
At Cornerstone Community Church, individuals come together to spread the Gospel of Jesus Christ through various communication methods such as visual, verbal, or written means. They provide spiritual and material counseling services for those in need, including the sick, elderly, homeless, and impoverished individuals. The church engages in activities like constructing buildings, promoting events, collecting funds, and acquiring property to maintain its facilities. It's a non-profit organization that encourages Christian fellowship through prayer, discipleship, and spiritual gifts. Cornerstone Community Church is committed to building a Christ-centered congregation by preaching the Word of God and promoting evangelism, missionary work, and ministry growth.
yang tuck yoong
kelly chia peng koon
andrew ong chin lee
hannah wei wei garcia
edwin ding yee min
lim lip yong
karen lee tze sein
daphne yang swee heng
rick chang wai wah
grace yeo peck hoon
News
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