EIN 20-3106498

Cornerstone Charitable Foundation

IRS 501(c) type
501(c)(3)
Num. employees
1
City
Beloit
State
Year formed
2005
Most recent tax filings
2023-12-01
Description
Cornerstone is a Charitable Foundation to benefit st john the baptist catholic school and parish specifically, and to provide endowment funding programs for other roman catholic schools, parishes, and organizations.
Total revenues
$2,040,987
2023
Total expenses
$3,539,557
2023
Total assets
$7,370,227
2023
Num. employees
1
2023

Program areas at Cornerstone Charitable Foundation

Under its endowment funding program, Cornerstone maintains and administers and insurance program which involves the payment of life insurance premiums on a pool of insurance policies of which Cornerstone is the owner and beneficiary.
Under its real estate program, Cornerstone acquires, manages and develops real estate to strengthen catholic communities.
Under its conduit bond program, Cornerstone serves as a bond issuer for other mission-supportive organizations.

Grants made by Cornerstone Charitable Foundation

GranteeGrant descriptionAmount
St John the Baptist ParishRestoration of Church$50,000

Who funds Cornerstone Charitable Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
American Online Giving FoundationGeneral Support$7,250

Financials for Cornerstone Charitable Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$259,673
Program services$1,720,605
Investment income and dividends$60,665
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$44
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,040,987
Data update history
March 26, 2025
Received grants
Identified 1 new grant, including a grant for $7,250 from American Online Giving Foundation
March 4, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 7, 2025
Used new vendors
Identified 1 new vendor, including
September 23, 2024
Updated personnel
Identified 2 new personnel
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $39,983 from Charities Aid Foundation of America
Nonprofit Types
School foundationsGrantmaking organizationsCharities
Issues
Education
Characteristics
Funds one specific organizationProvides grantsState / local levelEndowed supportTax deductible donationsAccepts online donations
General information
Address
1110 N Independence Ave
Beloit, KS 67420
County
Mitchell County, KS
Website URL
cornerstonecharitablefoundation.org/ 
Phone
(785) 738-6476
IRS details
EIN
20-3106498
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2005
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B11: Education Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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