Cornerstone Charitable Foundation

Cornerstone Charitable Foundation faces significant financial deficits and declining assets.

EIN: 203106498 · Beloit, KS · NTEE: T30 · Updated: 2026-03-28

$1.5MRevenue

$6.6MAssets

45/100Mission Score (Fair)

T30

About Cornerstone Charitable Foundation

Cornerstone Charitable Foundation (EIN: 203106498) is a nonprofit organization based in Beloit, KS, classified under NTEE code T30. The organization reported total revenue of $1.5M and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornerstone Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Cornerstone Charitable Foundation exhibits fluctuating financial health over the past several years. While revenue in 2023 was $2,040,987, expenses significantly outpaced it at $3,539,557, leading to a substantial deficit. This trend of expenses exceeding revenue is also visible in 2022 ($1,358,399 expenses vs. $1,284,970 revenue) and 2021 ($1,460,735 expenses vs. $1,354,530 revenue). The organization's assets have also shown a notable decline, from $18,813,632 in 2019 to $7,370,227 in 2023, while liabilities have remained high, reaching $11,928,976 in 2023. This indicates a concerning financial trajectory with potential solvency issues.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent operational deficits suggest that current spending levels are not sustainable given the revenue generated. The absence of reported officer compensation across all filings suggests a potential for high volunteer involvement or that compensation is structured in a way not captured by this specific line item, which could be a positive for efficiency if true. However, the overall financial picture raises questions about long-term sustainability and the effective use of resources.

Regarding transparency, the consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to public disclosure. The zero reported officer compensation is a notable point, indicating either a fully volunteer-led executive team or that executive compensation is not reported under this specific category, which would warrant further investigation for complete transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Cornerstone Charitable Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Cornerstone Charitable Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer executive leadership or that executive compensation is categorized differently, which is unusual for an organization with over $2 million in annual revenue.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Cornerstone Charitable Foundation's IRS 990 filings:

Significant and consistent operational deficits (e.g., $2,040,987 revenue vs. $3,539,557 expenses in 2023).
Declining asset base from $18.8 million in 2019 to $7.3 million in 2023.
Liabilities consistently exceeding assets, indicating a negative net asset position.
Unexplained large increase in expenses in 2023.
Zero reported officer compensation for an organization of this size and revenue, which may obscure actual executive remuneration.

Strengths

The following positive indicators were identified for Cornerstone Charitable Foundation:

Consistent filing of IRS Form 990s, demonstrating a commitment to public disclosure.
Long operational history with 13 filings available.

Frequently Asked Questions about Cornerstone Charitable Foundation

Is Cornerstone Charitable Foundation financially stable?

Based on recent filings, the organization is not financially stable, with expenses significantly exceeding revenue in 2023 ($3,539,557 expenses vs. $2,040,987 revenue) and a consistent decline in assets from $18.8 million in 2019 to $7.3 million in 2023.

Why are liabilities so high relative to assets?

Liabilities have consistently been higher than assets in recent years, reaching $11,928,976 in 2023 compared to assets of $7,370,227. This indicates a negative net asset position, which is a significant financial concern.

What caused the large increase in expenses in 2023?

Expenses jumped from $1,358,399 in 2022 to $3,539,557 in 2023. Without a detailed breakdown of the 2023 expenses, it's unclear what specific activities or costs led to this substantial increase.

Filing History

IRS 990 filing history for Cornerstone Charitable Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Cornerstone Charitable Foundation's revenue has grown by 740.8%, moving from $243K to $2.0M. Total assets increased by 302.7% over the same period, from $1.8M to $7.4M. Total functional expenses rose by 189.2%, from $1.2M to $3.5M. In its most recent filing year (2023), Cornerstone Charitable Foundation reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $11.9M in liabilities against $7.4M in assets (debt-to-asset ratio: 161.9%), resulting in net assets of $-4,558,749.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.0M	$3.5M	$7.4M	$11.9M	—	—
2022	$1.3M	$1.4M	$8.8M	$11.9M	—	View 990
2021	$1.4M	$1.5M	$13.2M	$16.1M	—	View 990
2020	$3.0M	$1.6M	$13.9M	$16.8M	—	View 990
2019	$1.8M	$1.6M	$18.8M	$23.1M	—	View 990
2018	$1.6M	$1.6M	$16.3M	$20.8M	—	View 990
2017	$2.1M	$1.6M	$13.8M	$18.3M	—	View 990
2016	$480K	$1.6M	$5.2M	$10.1M	—	View 990
2015	$1.0M	$1.8M	$17.6M	$21.3M	—	View 990
2014	$1.0M	$1.9M	$17.9M	$20.8M	—	View 990
2013	$449K	$976K	$4.3M	$6.4M	—	View 990
2012	$1.1M	$1.4M	$2.9M	$4.7M	—	View 990
2011	$243K	$1.2M	$1.8M	$3.3M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.0M, expenses of $3.5M, and assets of $7.4M (revenue +58.8% year-over-year).
2022: Revenue of $1.3M, expenses of $1.4M, and assets of $8.8M (revenue -5.1% year-over-year).
2021: Revenue of $1.4M, expenses of $1.5M, and assets of $13.2M (revenue -55.1% year-over-year).
2020: Revenue of $3.0M, expenses of $1.6M, and assets of $13.9M (revenue +66.6% year-over-year).
2019: Revenue of $1.8M, expenses of $1.6M, and assets of $18.8M (revenue +11.8% year-over-year).
2018: Revenue of $1.6M, expenses of $1.6M, and assets of $16.3M (revenue -21.3% year-over-year).
2017: Revenue of $2.1M, expenses of $1.6M, and assets of $13.8M (revenue +328.2% year-over-year).
2016: Revenue of $480K, expenses of $1.6M, and assets of $5.2M (revenue -54.1% year-over-year).
2015: Revenue of $1.0M, expenses of $1.8M, and assets of $17.6M (revenue -0.2% year-over-year).
2014: Revenue of $1.0M, expenses of $1.9M, and assets of $17.9M (revenue +133.2% year-over-year).
2013: Revenue of $449K, expenses of $976K, and assets of $4.3M (revenue -57.8% year-over-year).
2012: Revenue of $1.1M, expenses of $1.4M, and assets of $2.9M (revenue +338.5% year-over-year).
2011: Revenue of $243K, expenses of $1.2M, and assets of $1.8M.

Data Sources and Methodology

This transparency report for Cornerstone Charitable Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.