Cornerstone Foundation Inc
- Assets
- $866.9k
- Revenue
- $17.4k
- Investments
- $778.7k
- Employees
- 0
- Location
- Estes Park, CO
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 47-0844162
Organization Overview
Cornerstone Foundation Inc is located in Estes Park, CO. The organization was established in 2003. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Cornerstone Foundation Inc generated $17.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $86.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Cornerstone Foundation Inc has awarded 34 individual grants totaling $345,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary K Fay Secretary | 2 | $0 | |
Tessa E Fay Director | 1 | $0 | |
James B Fay President/tr | 2 | $0 | |
Emma M Fay Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $286 |
| Dividends & Interest | $17,500 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$486 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $128 |
| Total Revenue | $17,428 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $136 |
| Total operating and administrative expenses | $11,860 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $86,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,100 |
| Savings and temporary cash investments | $74,085 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $866,853 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Cornerstone Foundation Inc has awarded $75,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ROCKY MOUNTAIN EVANGELICAL CHURCH PURPOSE: SPREAD THE TEACHINGS OF THE BIBLE | $45,000 |
Lincoln, NE PURPOSE: RAISING LEADERS IN TRUTH CAPITAL | $10,000 |
Boone, NC PURPOSE: SPIRITUAL AND PHYSICAL AID IN TIMES | $7,500 |
Denver, CO PURPOSE: SPREAD THE TEACHINGS OF THE BIBLE | $5,000 |
Nashville, TN PURPOSE: SPREAD THE TEACHINGS OF THE BIBLE | $2,500 |
AMERICAN CENTER FOR LAW AND JUSTICE PURPOSE: PROTECT RELIGIOUS & FREEDOMS | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Pacific Foundation Omaha, NE | $336,276 | $9,519,950 |
Schlessman Foundation Inc Denver, CO | $82,645,895 | $9,127,697 |
Robert M Beren Foundation Inc Wichita, KS | $0 | $13,792,730 |
Winifred Stevens Foundation Tempe, AZ | $145,980,607 | $5,750,312 |
Arizona Sheet Metal Trade Trust Fund Phoenix, AZ | $16,953,948 | $8,730,285 |
Pivotal Foundation Phoenix, AZ | $29,461,930 | $23,938,101 |
Ben And Catherine Ivy Foundation Scottsdale, AZ | $302,350,252 | $12,975,372 |
Homer A Scott And Mildred S Scott Foundation Sheridan, WY | $28,032,742 | $11,071,204 |
A W Baldwin Charitable Foundation Inc Leawood, KS | $13,708,852 | $4,775,692 |
Simone Charitable Foundation Inc Scottsdale, AZ | $116,213,813 | $7,192,727 |
Leland J And Dorothy H Olson Charitable Fountation Omaha, NE | $59,544,198 | $8,036,267 |
Merlin Foundation Boulder, CO | $11,755,104 | $10,100,928 |