Cornerstone Foundation Inc
- Assets
- $799.7k
- Revenue
- $21.5k
- Investments
- $708.4k
- Employees
- 0
- Location
- Estes Park, CO
- Founding
- 10/2003
- Data as of
- 12/2023
- 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 12/2023, Cornerstone Foundation Inc generated $21.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $88.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Cornerstone Foundation Inc has awarded 38 individual grants totaling $392,000. 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 |
|---|---|---|---|
James B Fay President/tr | 2 | $0 | |
Mary K Fay Secretary | 2 | $0 | |
Tessa E Fay Director | 1 | $0 | |
Emma M Fay Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,984 |
| Dividends & Interest | $18,246 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,243 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,473 |
| 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 | $0 |
| Total operating and administrative expenses | $11,575 |
| Contributions, gifts, grants paid | $77,000 |
| Total expenses and disbursements | $88,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,038 |
| Savings and temporary cash investments | $82,259 |
| 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 | $799,664 |
| 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 $77,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LINCOLN CHRISTIAN SCHOOL FOUNDATION PURPOSE: RAISING LEADERS IN TRUTH CAPITAL | $5,000 |
AMERICAN CENTER FOR LAW AND JUSTICE PURPOSE: PROTECT RELIGIOUS & FREEDOMS | $2,500 |
SAMARITAN'S PURSE PURPOSE: SPIRITUAL AND PHYSICAL AID IN TIMES | $10,000 |
CROSSROADS MINISTRY OF ESTES PARK PURPOSE: SPREAD THE TEACHINGS OF THE BIBLE | $2,000 |
ROCKY MOUNTAIN EVANGELICAL CHURCH PURPOSE: SPREAD THE TEACHINGS OF THE BIBLE | $50,000 |
GIDEONS INTERNATIONAL PURPOSE: SPREAD THE TEACHINGS OF THE BIBLE | $2,500 |