Nonprofit · EIN 13-3097502
JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION
Tax-exempt · CHARLOTTESVLE, VA 22903
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $7,961,674 | $6,448,703 | $1,512,971 | $66,101,387 | $0 | $66,101,387 |
| December 31, 2024 | 990-PF | $10,400,921 | $5,492,641 | $4,908,280 | $64,538,806 | $0 | $64,538,806 |
| December 31, 2023 | 990-PF | $7,044,434 | $5,546,466 | $1,497,968 | $59,630,526 | $0 | $59,630,526 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $3,172,060
- Net gain from sales of assets
- $4,768,077
- Other income
- $21,537
Expenses
- Grants and similar amounts paid
- $5,629,050
- Compensation of officers, directors and key employees
- $366,834
- Disbursements for charitable purposes
- $5,992,201
- Excise tax on investment income
- $105,400
Balance sheet and other
- Total assets, start of year
- $64,538,806
- Total assets, end of year
- $66,101,387
- Total liabilities, end of year
- $0
- Net assets, end of year
- $66,101,387
- Fair market value of assets
- $135,693,861
- Qualifying distributions
- $5,992,201
- Net investment income
- $7,949,237
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH ERDMAN ONE BOARS HEAD POINTE SUITE 127, CHARLOTTESVILLE, VA 22903 | TRUSTEE | 20 | $183,417 |
| MELISSA YOUNG ONE BOARS HEAD POINTE SUITE 127, CHARLOTTESVILLE, VA 22903 | TRUSTEE | 20 | $183,417 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH ERDMAN ONE BOARS HEAD POINTE SUITE 127, CHARLOTTESVILLE, VA 22903 | TRUSTEE | 20 | $196,308 |
| MELISSA YOUNG ONE BOARS HEAD POINTE SUITE 127, CHARLOTTESVILLE, VA 22903 | TRUSTEE | 20 | $196,308 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH ERDMAN ONE BOARS HEAD POINTE SUITE 127, CHARLOTTESVILLE, VA 22903 | TRUSTEE | 20 | $178,685 |
| MELISSA YOUNG ONE BOARS HEAD POINTE SUITE 127, CHARLOTTESVILLE, VA 22903 | TRUSTEE | 20 | $178,685 |
Address and contacts
- Address (IRS master file)
- 1 BOARS HEAD POINTE STE 127, CHARLOTTESVLE, VA 22903-4656
- In care of
- % FIDUCIARY TRUST COMPANY
- Signed the 990-PF
- MELISSA YOUNG, TRUSTEE
- Phone
- (434) 466-3292
- Return prepared by
- RSM US LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 13-3097502
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $66,101,387
- Income (IRS master file)
- $12,177,166
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $7,961,674 | $6,448,703 | $66,101,387 | IRS |
| 990-PF | December 2024 | $10,400,921 | $5,492,641 | $64,538,806 | XML |
| 990-PF | December 2023 | $7,044,434 | $5,546,466 | $59,630,526 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3097502).
Questions about JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION
- What is the EIN of JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION?
- The employer identification number (EIN) of JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION is 13-3097502.
- Is JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 2 received compensation from the organization, the highest $183,417 (JOSEPH ERDMAN, TRUSTEE).
- How much revenue does JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $7,961,674, expenses of $6,448,703 and total assets of $66,101,387 at year end.
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