4 Cornerstones Foundation
- Assets
- $50.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Edina, MN
- Founding
- Data as of
- 12/2023
- EIN
- 84-4038769
Organization Overview
4 Cornerstones Foundation is located in Edina, MN. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 4 Cornerstones Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, 4 Cornerstones Foundation has awarded 45 individual grants totaling $6,085,205. 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 |
|---|---|---|---|
Anne Wichmann President | 4 | $0 | |
David Wichmann Secretary | 1 | $0 | |
Therese Wichmann Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,398,798 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,398,798 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,335 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,073 |
| Total operating and administrative expenses | $20,170 |
| Contributions, gifts, grants paid | $2,195,500 |
| Total expenses and disbursements | $2,215,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,896,073 |
| 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 | $50,896,073 |
| 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, 4 Cornerstones Foundation has awarded $2,195,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
SPECIAL OLYMPICS PURPOSE: GENERAL SUPPORT | $500,000 |
ACES PURPOSE: GENERAL SUPPORT | $25,000 |
CF FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
UNITEDHEALTHCARE CHILDREN'S FOUNDATION PURPOSE: GENERAL SUPPORT | $150,000 |
USA TRACK AND FIELD FOUNDATION INC PURPOSE: GENERAL SUPPORT | $50,000 |
SPORT AND ENTERTAINMENT CORPORATION OF MARYLAND PURPOSE: GENERAL SUPPORT | $500,000 |