Quick charity verification for Cornerstone Foundation Inc (EIN: 113737220)
Verdict: Cornerstone Foundation Inc appears trustworthy
85/100Mission Score
$55.7MRevenue
$52.4MAssets
2Red Flags
5Strengths
Red Flags
Significant year-over-year revenue volatility (e.g., $8.5M in 2022 to $1.8M in 2023) without immediate explanation in provided data.
Lack of detailed breakdown for program, administrative, and fundraising expenses in the provided summary, making precise efficiency calculations difficult.
Strengths
Strong asset growth, increasing from $7.7 million in 2011 to $45.8 million in 2023, indicating robust financial health.
Consistently low liabilities (often $0 or $1), demonstrating excellent financial management and minimal debt.
Consistent reporting of 0% officer compensation, suggesting high efficiency in executive overhead or volunteer leadership.
Expenses have remained relatively stable and controlled despite revenue fluctuations, indicating efficient operational management.
Positive net assets in most years, with assets significantly exceeding liabilities.
Spending Breakdown
How Cornerstone Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Cornerstone Foundation Inc
Is Cornerstone Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cornerstone Foundation Inc (EIN: 113737220) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Cornerstone Foundation Inc a good charity to donate to?
Cornerstone Foundation Inc has a Mission Score of 85/100. Revenue: $55.7M. Assets: $52.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cornerstone Foundation Inc?
The Employer Identification Number (EIN) for Cornerstone Foundation Inc is 113737220. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Cornerstone Foundation Inc spend its money?
Cornerstone Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cornerstone Foundation Inc's tax-exempt status?
You can verify Cornerstone Foundation Inc's tax-exempt status using EIN 113737220 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Cornerstone Foundation Inc demonstrates a strong financial position with significant asset growth over the past decade, from $7.7 million in 2011 to $45.8 million in 2023. The organization consistently maintains minimal liabilities, often reported as $1 or $0, indicating sound financial management and low debt risk. While revenue has fluctuated, notably a peak of $8.5 million in 2022 followed by a decrease to $1.8 million in 2023, expenses have remained relatively stable and controlled, ranging from $1.3 million to $1.9 million in recent years. This suggests efficient operations relative to their program delivery.
The organization's transparency is commendable given the consistent reporting of zero officer compensation across all available filings. This indicates either a fully volunteer-led executive team or that executive compensation is covered by another entity, which would warrant further investigation for complete transparency. The NTEE code T22 (Philanthropy, Voluntarism, and Grantmaking Foundations) aligns with their operational profile, suggesting a focus on grantmaking or supporting other nonprofits. Overall, Cornerstone Foundation Inc appears to be a financially healthy and efficiently managed organization, though the specific breakdown of program, administrative, and fundraising expenses is not directly available from the provided data.