Nonprofit · EIN 20-3106498
CORNERSTONE CHARITABLE FOUNDATION
Tax-exempt · BELOIT, KS 67420
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,317,717 | $2,181,849 | -$864,132 | $6,620,233 | $12,043,228 | -$5,422,995 |
| December 31, 2023 | 990 | $2,040,987 | $3,539,557 | -$1,498,570 | $7,370,227 | $11,928,976 | -$4,558,749 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $812,873
- Program service revenue
- $336,479
- Investment income
- $168,365
- Net gain from sales of assets
- -$28,565
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $248,008
- Compensation of officers, directors and key employees
- $82,500
- Salaries, compensation and benefits (total)
- $89,063
- Professional fundraising fees
- $0
- Legal fees
- $12,000
- Accounting fees
- $34,411
- Occupancy
- $24,195
- Travel
- $539
- Depreciation
- $29,090
- Program services (functional)
- $1,985,744
- Management and general (functional)
- $139,298
- Fundraising (functional)
- $56,807
Balance sheet and other
- Total assets, start of year
- $7,370,227
- Total assets, end of year
- $6,620,233
- Total liabilities, end of year
- $12,043,228
- Net assets, end of year
- -$5,422,995
- Land, buildings and equipment
- $972,137
- Net assets without donor restrictions
- -$6,842,823
- Net assets with donor restrictions
- $1,419,828
- Gross receipts
- $1,512,717
- Employees
- 1
- Volunteers
- 9
- Year formed
- 2005
- State of legal domicile
- KS
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH WALTER | PRESIDENT Officer | 35 | $82,500 |
| DOUGLAS THIESSEN | CHAIR Trustee or director, Officer | 5 | $0 |
| DAN ELLENZ | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| DOUG EILERT | TREASURER Trustee or director, Officer | 10 | $0 |
| DEAN GENGLER | SECRETARY Trustee or director, Officer | 10 | $0 |
| DAVID DUBBERT | TRUSTEE Trustee or director | 2 | $0 |
| JEFF BECHARD | TRUSTEE Trustee or director | 2 | $0 |
| FR JARETT KONRADE | TRUSTEE Trustee or director | 2 | $0 |
| BRAD ELLENZ | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH WALTER | PRESIDENT Officer | 35 | $50,000 |
| DOUGLAS THIESSEN | CHAIR Trustee or director, Officer | 5 | $0 |
| DAN ELLENZ | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| DOUG EILERT | TREASURER Trustee or director, Officer | 10 | $0 |
| DEAN GENGLER | SECRETARY Trustee or director, Officer | 10 | $0 |
| FR JARETT KONRADE | TRUSTEE Trustee or director | 2 | $0 |
| JEFF BECHARD | TRUSTEE Trustee or director | 2 | $0 |
| DAVID DUBBERT | TRUSTEE Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1110 N INDEPENDENCE AVE, BELOIT, KS 67420-2103
- In care of
- % DEAN GENGLER
- Principal officer (990 for 2024)
- DOUGLAS THIESSEN, 1110 N INDEPENDENCE AVE, BELOIT, KS 67420
- Signed the 990
- DOUGLAS THIESSEN, CHAIR
- Phone
- (785) 738-6476
- Return prepared by
- ADAMSBROWN LLC
Mission
TO STRENGTHEN CATHOLIC COMMUNITIES FOR FUTURE GENERATIONS BY PROVIDING GRANTS, LOANS, BOND FINANCING, STRUCTURED GIVING, AND ENDOWMENT BUILDING CAPABILITIES TO CATHOLIC SCHOOLS, PARISHES, FOUNDATIONS, AND OTHER ORGANIZATIONS IN BELOIT, KS, AND THROUGHOUT THE COUNTRY
Program accomplishments
- 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.Expenses $1,966,049 · grants $248,008 · revenue $281,552
- UNDER ITS CONDUIT BOND PROGRAM, CORNERSTONE SERVES AS A BOND ISSUER FOR OTHER MISSION-SUPPORTIVE ORGANIZATIONS.Expenses $3,000 · revenue $13,327
- UNDER ITS REAL ESTATE PROGRAM, CORNERSTONE ACQUIRES, MANAGES AND DEVELOPS REAL ESTATE TO STRENGTHEN CATHOLIC COMMUNITIES.Expenses $16,695 · revenue $23,750
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-3106498
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $6,620,233
- Income (IRS master file)
- $1,512,717
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,317,717 | $2,181,849 | $6,620,233 | XML |
| 990 | December 2023 | $2,040,987 | $3,539,557 | $7,370,227 | XML |
| 990 | December 2022 | $1,284,970 | $1,358,399 | $8,845,009 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 20-3106498).
Questions about CORNERSTONE CHARITABLE FOUNDATION
- What is the EIN of CORNERSTONE CHARITABLE FOUNDATION?
- The employer identification number (EIN) of CORNERSTONE CHARITABLE FOUNDATION is 20-3106498.
- Is CORNERSTONE CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to CORNERSTONE CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE CHARITABLE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CORNERSTONE CHARITABLE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORNERSTONE CHARITABLE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CORNERSTONE CHARITABLE FOUNDATION?
- The 990 for the year ended December 31, 2024 names DOUGLAS THIESSEN.
- Who are the officers and directors of CORNERSTONE CHARITABLE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $82,500 (JOSEPH WALTER, PRESIDENT).
- How much revenue does CORNERSTONE CHARITABLE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,317,717, expenses of $2,181,849 and total assets of $6,620,233 at year end.
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