The Cornerstone Foundation Incorporated
The Cornerstone Foundation: Consistent Growth, High Program Spending
EIN: 222587192 · Vernon, CT · Updated: 2026-04-04
Is The Cornerstone Foundation Incorporated Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Cornerstone Foundation Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Cornerstone Foundation Incorporated
The Cornerstone Foundation Incorporated (EIN: 222587192) is a nonprofit organization based in Vernon, CT. The organization reported total revenue of $2.7M and total assets of $831K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Cornerstone Foundation Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Cornerstone Foundation Incorporated 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Cornerstone Foundation Incorporated allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, indicating it is likely below the IRS reporting threshold for key employees, suggesting a volunteer or minimally compensated leadership structure.
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.
Strengths
The following positive indicators were identified for The Cornerstone Foundation Incorporated:
- Strong program efficiency with 85% of expenses dedicated to programs in 2023.
- Consistent revenue growth observed over the past several years, from $942,403 in 2016 to $2,867,751 in 2023.
- Healthy asset base of $720,971 in 2023, showing financial stability.
- Low liabilities relative to assets, indicating good financial health.
Frequently Asked Questions about The Cornerstone Foundation Incorporated
Is The Cornerstone Foundation Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, The Cornerstone Foundation Incorporated (EIN: 222587192) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does The Cornerstone Foundation Incorporated spend its money?
The Cornerstone Foundation Incorporated directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Cornerstone Foundation Incorporated tax-deductible?
The Cornerstone Foundation Incorporated is registered as a tax-exempt nonprofit (EIN: 222587192). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does The Cornerstone Foundation Incorporated do?
The Cornerstone Foundation Incorporated is a nonprofit organization in the Unknown sector, located in Vernon, Connecticut. It is classified under NTEE code Unknown.
How much revenue does The Cornerstone Foundation Incorporated have?
The Cornerstone Foundation Incorporated reported total revenue of $2,723,522. Based on 13 IRS 990 filings on record.
What are The Cornerstone Foundation Incorporated's total assets?
The Cornerstone Foundation Incorporated holds total assets of $831,322 as reported in IRS 990 filings.
Where is The Cornerstone Foundation Incorporated located?
The Cornerstone Foundation Incorporated is based in Vernon, Connecticut.
What is The Cornerstone Foundation Incorporated's EIN?
The Cornerstone Foundation Incorporated's Employer Identification Number (EIN) is 222587192. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Cornerstone Foundation Incorporated?
The Cornerstone Foundation Incorporated is classified under NTEE code Unknown (Unknown).
Is The Cornerstone Foundation Incorporated a registered 501(c)(3)?
The Cornerstone Foundation Incorporated appears in IRS records (EIN: 222587192). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Cornerstone Foundation Incorporated file IRS Form 990?
Yes, The Cornerstone Foundation Incorporated has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was The Cornerstone Foundation Incorporated's revenue in 2023?
In the 202312 filing period, The Cornerstone Foundation Incorporated reported total revenue of $2,867,751, total expenses of $2,911,135, and net assets of $720,971.
Is The Cornerstone Foundation Incorporated's revenue growing or declining?
The Cornerstone Foundation Incorporated's revenue is growing. Revenue went from $2,358,088 (202212) to $2,867,751 (202312), a +21.6% change. Based on 13 filings on record.
What is The Cornerstone Foundation Incorporated's most recent 990 filing?
The most recent IRS Form 990 filing for The Cornerstone Foundation Incorporated covers tax period 202312. It shows revenue of $2,867,751, expenses of $2,911,135, total assets of $720,971, and liabilities of $261,550.
How much does The Cornerstone Foundation Incorporated spend on programs vs administration?
Based on IRS 990 analysis, The Cornerstone Foundation Incorporated allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is The Cornerstone Foundation Incorporated a trustworthy charity?
Based on AI analysis of IRS 990 data, The Cornerstone Foundation Incorporated appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are The Cornerstone Foundation Incorporated's strengths?
Positive indicators for The Cornerstone Foundation Incorporated include: Strong program efficiency with 85% of expenses dedicated to programs in 2023.. Consistent revenue growth observed over the past several years, from $942,403 in 2016 to $2,867,751 in 2023.. Healthy asset base of $720,971 in 2023, showing financial stability.. Low liabilities relative to assets, indicating good financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does The Cornerstone Foundation Incorporated compensate executives?
Executive compensation is not reported in the provided data, indicating it is likely below the IRS reporting threshold for key employees, suggesting a volunteer or minimally compensated leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent growth in revenue and assets, what strategies has The Cornerstone Foundation employed to maintain such high program spending efficiency?
The consistent high program spending efficiency, despite revenue growth, suggests effective cost management, potentially through volunteer reliance, efficient operational models, or strategic partnerships that minimize administrative and fundraising overhead.
Filing History
IRS 990 filing history for The Cornerstone Foundation Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Cornerstone Foundation Incorporated's revenue has grown by 493%, moving from $484K to $2.9M. Total assets increased by 15.1% over the same period, from $626K to $721K. Total functional expenses rose by 576.5%, from $430K to $2.9M. In its most recent filing year (2023), The Cornerstone Foundation Incorporated reported a deficit of $43K, with expenses exceeding revenue. The organization holds $262K in liabilities against $721K in assets (debt-to-asset ratio: 36.3%), resulting in net assets of $459K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.9M | $721K | $262K | — | — |
| 2022 | $2.4M | $2.2M | $629K | $128K | — | — |
| 2021 | $2.3M | $2.4M | $576K | $191K | — | View 990 |
| 2020 | $1.7M | $1.6M | $594K | $154K | — | — |
| 2019 | $1.3M | $1.4M | $579K | $213K | — | View 990 |
| 2018 | $1.5M | $1.3M | $661K | $171K | — | View 990 |
| 2017 | $973K | $1.1M | $408K | $72K | — | View 990 |
| 2016 | $942K | $925K | $538K | $98K | — | View 990 |
| 2015 | $704K | $711K | $528K | $106K | — | View 990 |
| 2014 | $643K | $529K | $561K | $132K | — | View 990 |
| 2013 | $433K | $502K | $483K | $168K | — | View 990 |
| 2012 | $371K | $434K | $547K | $163K | — | View 990 |
| 2011 | $484K | $430K | $626K | $179K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.9M, and assets of $721K (revenue +21.6% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.2M, and assets of $629K (revenue +2.0% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.4M, and assets of $576K (revenue +39.7% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.6M, and assets of $594K (revenue +28.8% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.4M, and assets of $579K (revenue -12.1% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.3M, and assets of $661K (revenue +50.4% year-over-year).
- 2017: Revenue of $973K, expenses of $1.1M, and assets of $408K (revenue +3.2% year-over-year).
- 2016: Revenue of $942K, expenses of $925K, and assets of $538K (revenue +33.8% year-over-year).
- 2015: Revenue of $704K, expenses of $711K, and assets of $528K (revenue +9.6% year-over-year).
- 2014: Revenue of $643K, expenses of $529K, and assets of $561K (revenue +48.3% year-over-year).
- 2013: Revenue of $433K, expenses of $502K, and assets of $483K (revenue +16.9% year-over-year).
- 2012: Revenue of $371K, expenses of $434K, and assets of $547K (revenue -23.3% year-over-year).
- 2011: Revenue of $484K, expenses of $430K, and assets of $626K.
Data Sources and Methodology
This transparency report for The Cornerstone Foundation Incorporated 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.