Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation
EIN: 621666220 · Knoxville, TN
| Metric | Value |
|---|---|
| Total Expenses | $2.1M |
| Net Assets | $1.5M |
Is Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation
Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation (EIN: 621666220) is a nonprofit organization based in Knoxville, TN. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation is a mid-size nonprofit, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 80.8%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-320,466 |
| Total Assets | $6.4M |
| Total Liabilities | $4.9M |
| Net Assets | $1.5M |
| Operating Margin | -18.3% |
| Debt-to-Asset Ratio | 75.9% |
| Months of Reserves | 37.1 months |
Financial Health Grade: C
In 2017, Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation reported a deficit of $320K with expenses exceeding revenue, holds 37.1 months of operating reserves (strong position), has a debt-to-asset ratio of 75.9% (high leverage).
Financial Trends
Over 7 years of filings (2011–2017), Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation's revenue has grown at a compound annual growth rate (CAGR) of 80.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -18.5% | -23.2% | -9.6% |
| 2016 | +40.6% | +25.1% | -6.2% |
| 2015 | -24.7% | +9.0% | -7.5% |
| 2014 | +225.1% | +18.5% | +0.4% |
| 2013 | +868.1% | -16.7% | -13.8% |
AI Analysis Pending
AI enrichment for Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation 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 Foundation Of Knoxville C/O East Tennessee Foundation 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 (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $320K, with expenses exceeding revenue.
- Debt-to-asset ratio: 75.9%.
Frequently Asked Questions about Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation
Is Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation a legitimate charity?
Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation (EIN: 621666220) is a registered tax-exempt nonprofit based in Tennessee. It has 7 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation spend its money?
Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation reported its financials in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation tax-deductible?
Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation is registered as a tax-exempt nonprofit (EIN: 621666220). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation located?
Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation is headquartered in Knoxville, Tennessee and files with the IRS under EIN 621666220.
How many years of IRS 990 filings does Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation have?
Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation's revenue has grown by 3397.4%, moving from $50K to $1.8M. Total assets decreased by 45.7% over the same period, from $11.8M to $6.4M. Total functional expenses fell by 12.5%, from $2.4M to $2.1M. In its most recent filing year (2017), Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation reported a deficit of $320K, with expenses exceeding revenue. The organization holds $4.9M in liabilities against $6.4M in assets (debt-to-asset ratio: 75.9%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $1.8M | $2.1M | $6.4M | $4.9M | — | View 990 |
| 2016 | $2.2M | $2.7M | $7.1M | $5.2M | — | View 990 |
| 2015 | $1.5M | $2.2M | $7.6M | $5.2M | — | View 990 |
| 2014 | $2.0M | $2.0M | $8.2M | $5.1M | — | View 990 |
| 2013 | $625K | $1.7M | $8.1M | $5.2M | — | View 990 |
| 2012 | $65K | $2.0M | $9.5M | $5.4M | — | View 990 |
| 2011 | $50K | $2.4M | $11.8M | $5.8M | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $1.8M, expenses of $2.1M, and assets of $6.4M (revenue -18.5% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.7M, and assets of $7.1M (revenue +40.6% year-over-year).
- 2015: Revenue of $1.5M, expenses of $2.2M, and assets of $7.6M (revenue -24.7% year-over-year).
- 2014: Revenue of $2.0M, expenses of $2.0M, and assets of $8.2M (revenue +225.1% year-over-year).
- 2013: Revenue of $625K, expenses of $1.7M, and assets of $8.1M (revenue +868.1% year-over-year).
- 2012: Revenue of $65K, expenses of $2.0M, and assets of $9.5M (revenue +28.6% year-over-year).
- 2011: Revenue of $50K, expenses of $2.4M, and assets of $11.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornerstone Foundation Of Knoxville C/O East Tennessee Foundation:
Data Sources and Methodology
This transparency report for Cornerstone Foundation Of Knoxville C/O East Tennessee 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.