Cornerstone Foundation Inc
Cornerstone Foundation Inc shows strong asset growth and minimal liabilities with no reported officer compensation.
EIN: 113737220 · Washington, DC · NTEE: T22 · Updated: 2026-03-28
Is Cornerstone Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cornerstone Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cornerstone Foundation Inc
Cornerstone Foundation Inc (EIN: 113737220) is a nonprofit organization based in Washington, DC, classified under NTEE code T22. The organization reported total revenue of $55.7M and total assets of $52.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornerstone Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornerstone Foundation Inc is a major nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-130,876 |
| Total Assets | $45.9M |
| Total Liabilities | $1 |
| Net Assets | $45.9M |
| Operating Margin | -7.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 276.0 months |
Financial Health Grade: B
In 2023, Cornerstone Foundation Inc reported a deficit of $131K with expenses exceeding revenue, holds 276.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Cornerstone Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -78.3% | +9.9% | -0.3% |
| 2022 | +3.2% | +3.5% | +17.3% |
| 2021 | +35.4% | -1.5% | +20.1% |
| 2020 | -1.5% | +30.2% | +15.1% |
| 2019 | +41.8% | -14.0% | +125.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Cornerstone Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $131K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Cornerstone Foundation Inc consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer-led executive team or that executive salaries are covered by an external entity, which enhances financial efficiency but could benefit from clarification for full transparency.
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 Foundation Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Cornerstone Foundation Inc:
- 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.
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) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Cornerstone Foundation Inc spend its money?
Cornerstone Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cornerstone Foundation Inc tax-deductible?
Cornerstone Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113737220). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the specific nature of Cornerstone Foundation Inc's programs and grantmaking activities?
The provided data indicates the organization's NTEE code is T22 (Philanthropy, Voluntarism, and Grantmaking Foundations), suggesting its primary activities involve making grants to other organizations or individuals, or supporting philanthropic endeavors. Further details on specific beneficiaries or impact areas would require reviewing their full IRS Form 990 or website.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's executive leadership may be entirely volunteer-based, or that compensation for officers is paid by a related entity and not directly by Cornerstone Foundation Inc. This practice, while potentially increasing funds available for programs, would benefit from explicit disclosure for complete transparency.
What caused the significant revenue fluctuation, particularly the drop from $8.5 million in 2022 to $1.8 million in 2023?
Revenue fluctuations are common for grantmaking foundations, often depending on large donations, investment returns, or the timing of grant receipts. The substantial drop from $8.5 million in 2022 to $1.8 million in 2023 could be due to a one-time large contribution in 2022, a change in investment performance, or a shift in funding cycles. A detailed review of their Form 990 for those years would provide specific reasons.
How does Cornerstone Foundation Inc manage its assets, which have grown significantly to over $45 million?
The substantial growth in assets from $7.7 million in 2011 to $45.8 million in 2023, alongside fluctuating but generally lower annual revenues, suggests effective investment management and/or significant cumulative contributions over time. The organization likely has an investment strategy to grow its endowment or reserves, which is typical for foundations.
Filing History
IRS 990 filing history for Cornerstone Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Cornerstone Foundation Inc's revenue has declined by 17%, moving from $2.2M to $1.9M. Total assets increased by 490% over the same period, from $7.8M to $45.9M. Total functional expenses rose by 534.9%, from $314K to $2.0M. In its most recent filing year (2023), Cornerstone Foundation Inc reported a deficit of $131K, with expenses exceeding revenue. The organization holds $1 in liabilities against $45.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $45.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.0M | $45.9M | $1 | — | — |
| 2022 | $8.6M | $1.8M | $46.0M | $1 | — | View 990 |
| 2021 | $8.3M | $1.8M | $39.2M | $1 | — | — |
| 2020 | $6.2M | $1.8M | $32.7M | $1 | — | — |
| 2019 | $6.2M | $1.4M | $28.4M | $0 | — | View 990 |
| 2015 | $4.4M | $1.6M | $12.6M | $0 | — | View 990 |
| 2014 | $532K | $1.4M | $9.9M | $1 | — | View 990 |
| 2013 | $393K | $440K | $10.8M | $1 | — | View 990 |
| 2012 | $3.4M | $377K | $10.8M | $0 | — | View 990 |
| 2011 | $2.2M | $314K | $7.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.0M, and assets of $45.9M (revenue -78.3% year-over-year).
- 2022: Revenue of $8.6M, expenses of $1.8M, and assets of $46.0M (revenue +3.2% year-over-year).
- 2021: Revenue of $8.3M, expenses of $1.8M, and assets of $39.2M (revenue +35.4% year-over-year).
- 2020: Revenue of $6.2M, expenses of $1.8M, and assets of $32.7M (revenue -1.5% year-over-year).
- 2019: Revenue of $6.2M, expenses of $1.4M, and assets of $28.4M (revenue +41.8% year-over-year).
- 2015: Revenue of $4.4M, expenses of $1.6M, and assets of $12.6M (revenue +728.5% year-over-year).
- 2014: Revenue of $532K, expenses of $1.4M, and assets of $9.9M (revenue +35.1% year-over-year).
- 2013: Revenue of $393K, expenses of $440K, and assets of $10.8M (revenue -88.4% year-over-year).
- 2012: Revenue of $3.4M, expenses of $377K, and assets of $10.8M (revenue +51.6% year-over-year).
- 2011: Revenue of $2.2M, expenses of $314K, and assets of $7.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornerstone Foundation Inc:
Data Sources and Methodology
This transparency report for Cornerstone Foundation 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.