Cornerstone Cougars Inc
EIN: 454007361 · Bellevue, NE · NTEE: B112
| Metric | Value |
|---|---|
| Total Revenue | $413K |
| Total Expenses | $413K |
| Net Assets | $16K |
Is Cornerstone Cougars Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cornerstone Cougars Inc
Cornerstone Cougars Inc (EIN: 454007361) is a nonprofit organization based in Bellevue, NE, classified under NTEE code B112. The organization reported total revenue of $413K and total assets of $36K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornerstone Cougars Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornerstone Cougars Inc is a small nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $359K |
| Total Expenses | $413K |
| Surplus / Deficit | $-53,479 |
| Total Assets | $94K |
| Total Liabilities | $78K |
| Net Assets | $16K |
| Operating Margin | -14.9% |
| Debt-to-Asset Ratio | 82.9% |
| Months of Reserves | 2.7 months |
Financial Health Grade: D
In 2023, Cornerstone Cougars Inc reported a deficit of $53K with expenses exceeding revenue, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 82.9% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.8% | +7.2% | -32.6% |
| 2022 | +175.0% | +233.6% | -72.6% |
| 2021 | +389.6% | -8.8% | -9.4% |
| 2020 | -78.0% | -25.6% | -12.8% |
| 2019 | -27.0% | +22.7% | +6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cornerstone Cougars Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cornerstone Cougars Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $53K, with expenses exceeding revenue.
- Debt-to-asset ratio: 82.9%.
Frequently Asked Questions about Cornerstone Cougars Inc
Is Cornerstone Cougars Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cornerstone Cougars Inc (EIN: 454007361) insufficient data. 0 red flags identified, 0 strengths noted.
How does Cornerstone Cougars Inc spend its money?
Detailed spending breakdown data is not yet available for Cornerstone Cougars Inc. Check back for updated IRS 990 analysis.
Are donations to Cornerstone Cougars Inc tax-deductible?
Cornerstone Cougars Inc is registered as a tax-exempt nonprofit (EIN: 454007361). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cornerstone Cougars Inc located?
Cornerstone Cougars Inc is headquartered in Bellevue, Nebraska and files with the IRS under EIN 454007361. It is classified under NTEE code B112.
How many years of IRS 990 filings does Cornerstone Cougars Inc have?
Cornerstone Cougars Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $413K in total revenue.
Filing History
IRS 990 filing history for Cornerstone Cougars Inc showing financial trends over 12 years of public records:
In its most recent filing year (2023), Cornerstone Cougars Inc reported a deficit of $53K, with expenses exceeding revenue. The organization holds $78K in liabilities against $94K in assets (debt-to-asset ratio: 82.9%), resulting in net assets of $16K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $359K | $413K | $94K | $78K | — | — |
| 2022 | $373K | $385K | $140K | $70K | — | View 990 |
| 2021 | $136K | $115K | $509K | $427K | — | View 990 |
| 2020 | $28K | $126K | $562K | $500K | — | View 990 |
| 2019 | $126K | $170K | $644K | $484K | — | View 990 |
| 2018 | $172K | $139K | $606K | $401K | — | View 990 |
| 2017 | $60K | $80K | $574K | $402K | — | View 990 |
| 2016 | $84K | $107K | $635K | $444K | — | View 990 |
| 2015 | $91K | $75K | $214K | $749 | — | View 990 |
| 2014 | $147K | $49K | $290K | $93K | — | View 990 |
| 2013 | $106K | $7K | $150K | $50K | — | View 990 |
| 2012 | $0 | $0 | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $359K, expenses of $413K, and assets of $94K (revenue -3.8% year-over-year).
- 2022: Revenue of $373K, expenses of $385K, and assets of $140K (revenue +175.0% year-over-year).
- 2021: Revenue of $136K, expenses of $115K, and assets of $509K (revenue +389.6% year-over-year).
- 2020: Revenue of $28K, expenses of $126K, and assets of $562K (revenue -78.0% year-over-year).
- 2019: Revenue of $126K, expenses of $170K, and assets of $644K (revenue -27.0% year-over-year).
- 2018: Revenue of $172K, expenses of $139K, and assets of $606K (revenue +185.7% year-over-year).
- 2017: Revenue of $60K, expenses of $80K, and assets of $574K (revenue -28.6% year-over-year).
- 2016: Revenue of $84K, expenses of $107K, and assets of $635K (revenue -7.3% year-over-year).
- 2015: Revenue of $91K, expenses of $75K, and assets of $214K (revenue -38.1% year-over-year).
- 2014: Revenue of $147K, expenses of $49K, and assets of $290K (revenue +38.4% year-over-year).
- 2013: Revenue of $106K, expenses of $7K, and assets of $150K.
- 2012: Revenue of $0, expenses of $0, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornerstone Cougars Inc:
Data Sources and Methodology
This transparency report for Cornerstone Cougars Inc 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.