Cornerstone Charitable Foundation

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Cornerstone Charitable Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Cornerstone Charitable Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Cornerstone Charitable Foundation in one place.

Is Cornerstone Charitable Foundation Legit?

Significant Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Cornerstone Charitable Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Cornerstone Charitable Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

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.

Organization Overview

Cornerstone Charitable Foundation is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2023, Cornerstone Charitable Foundation reported a deficit of $1.5M with expenses exceeding revenue, holds 25.0 months of operating reserves (strong position), has a debt-to-asset ratio of 161.9% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Cornerstone Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 19.4%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $1.5M, with expenses exceeding revenue.
• Debt-to-asset ratio: 161.9%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Cornerstone Charitable Foundation:

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.