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Nonprofit · EIN 22-2587192

THE CORNERSTONE FOUNDATION INCORPORATED

Tax-exempt · VERNON, CT 06066

Financials

$2.9M$2.9M2023$2.7M$2.5M2024
Revenue Expenses · by fiscal year end
Financials of THE CORNERSTONE FOUNDATION INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,699,566$2,507,958$191,608$831,322$179,120$652,202
December 31, 2023990$2,867,751$2,911,135-$43,384$720,971$261,550$459,421
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,622,942
Program service revenue
$0
Investment income
$14,057
Net rental income
$2,244
Net gain from sales of assets
$5,860
Net income from fundraising events
$41,340
Other revenue
$62,567

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$619,188
Salaries, compensation and benefits (total)
$694,930
Professional fundraising fees
$0
Accounting fees
$39,741
Occupancy
$126,869
Travel
$4,837
Depreciation
$41,155
Program services (functional)
$2,201,448
Management and general (functional)
$249,613
Fundraising (functional)
$56,897

Balance sheet and other

Total assets, start of year
$720,971
Total assets, end of year
$831,322
Total liabilities, end of year
$179,120
Net assets, end of year
$652,202
Land, buildings and equipment
$432,612
Publicly traded securities
$223,050
Net assets without donor restrictions
$652,202
Gross receipts
$2,723,522
Employees
41
Volunteers
200
Year formed
1983
State of legal domicile
CT

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.

NameTitleHours / weekCompensation
GRACE BOUCHERMEMBER-AT-LA
Trustee or director
3$0
ERIKA BROOKMANMEMBER-AT-LA
Trustee or director
3$0
RICHARD CARTERUDASSISTANT TR
Trustee or director, Officer
12$0
MATTHEW COUZENSDEVELOP. COM
Trustee or director
6$0
JOEL DEFELICEMEMBER-AT-LA
Trustee or director
3$0
BRIAN MOTOLAASSISTANT VI
Trustee or director, Officer
3$0
JOHN O'CONNELLMEMBER-AT-LA
Trustee or director
3$0
MARTIN POWERSMEMBER-AT-LA
Trustee or director
3$0
TERILYNN ROGERSMEMBER-AT-LA
Trustee or director
3$0
NICOLE SAMOKARMEMBER-AT-LA
Trustee or director
3$0
JEANNE SCHROEDERVICE PRES/TR
Trustee or director, Officer
18$0
SIMONE SEWELLMEMBER-AT-LA
Trustee or director
3$0
GRETCHEN SHEAMEMBER-AT-LA
Trustee or director
3$0
DEBORAH STAUFFERSECRETARY
Trustee or director, Officer
12$0
THOMAS STAUFFERPRESIDENT
Trustee or director, Officer
18$0
2 more people on this return
NameTitleHours / weekCompensation
HELEN D SYRIACFOUNDER
Trustee or director
–$0
PATRICIA SZAFIRMEMBER-AT-LA
Trustee or director
3$0
990 for the year ended December 31, 2023: 21 people
NameTitleHours / weekCompensation
GRACE BOUCHERMEMBER-AT-LA
Trustee or director
3$0
ERIKA BROOKMANMEMBER-AT-LA
Trustee or director
3$0
RICHARD CARTERUDASSISTANT TR
Trustee or director, Officer
12$0
MATTHEW COUZENSMEMBER-AT-LA
Trustee or director
6$0
JOEL DEFELICEMEMBER-AT-LA
Trustee or director
3$0
EVE MAGOONMEMBER-AT-LA
Trustee or director
3$0
CARMEN MELARAGNOMEMBER-AT-LA
Trustee or director
3$0
BRIAN MOTOLAMEMBER-AT-LA
Trustee or director
3$0
CRISTAL MUNOZMEMBER-AT-LA
Trustee or director
3$0
JOHN O'CONNELLMEMBER-AT-LA
Trustee or director
3$0
MARTIN POWERSMEMBER-AT-LA
Trustee or director
3$0
MARY POWERSMEMBER-AT-LA
Trustee or director
3$0
TERILYNN ROGERSMEMBER-AT-LA
Trustee or director
3$0
NICOLE SAMOKARMEMBER-AT-LA
Trustee or director
3$0
ALAN SAUERTREASURER
Trustee or director, Officer
12$0
JEANNE SCHROEDERVICE PRESIDE
Trustee or director, Officer
18$0
SIMONE SEWELLMEMBER-AT-LA
Trustee or director
3$0
DEBORAH STAUFFERSECRETARY
Trustee or director
12$0
THOMAS STAUFFERPRESIDENT
Trustee or director, Officer
18$0
HELEN D SYRIACFOUNDER
Trustee or director
18$0
PATRICIA SZAFIRMEMBER-AT-LA
Trustee or director
3$0

Address and contacts

Address (IRS master file)
15 PROSPECT ST, VERNON, CT 06066-3215
Principal officer (990 for 2024)
THOMAS STAUFFER, 15 PROSPECT STREET, ROCKVILLE, CT 06066
Signed the 990
THOMAS STAUFFER, PRESIDENT
Phone
(860) 871-1823
Return prepared by
SHANE NAVRATIL & CO CPA'S

Mission

THE CORNERSTONE FOUNDATION IS A NON-PROFIT ORGANIZATION BASED IN ROCKVILLE, CONNECTICUT, A FORMER TEXTILE MILL CITY ABOUT 15 MILES NORTHEAST OF HARTFORD. THE ORGANIZATION PROVIDES FOOD, CLOTHING, AND SHELTER TO THOSE IN NEED WITHIN THEIR COMMUNITY. THEY ALSO PROVIDE AFTER SCHOOL TEEN PROGRAMS FOR AT RISK LOCAL TEENAGERS.

990 for the year ended December 31, 2024

Program accomplishments

  • COMMUNITY KITCHEN - PROVIDES A DIGNIFIED ENVIRONMENT SERVING BETWEEN 3,500 AND 4,000 MEALS PER MONTH. ALSO A FOOD PANTRY THAT PROVIDES ASSISTANCE TO THOSE NEEDING SOME EXTRA HELP WHO MEET THE FEDERAL GUIDELINES FOR FOOD ASSISTANCE.
    Expenses $1,090,880
  • CLOTHING BANK - DONATED CLOTHING AND HOUSEHOLD GOODS ARE TAKEN IN, SORTED, AND DISTRIBUTED FREE OF CHARGE WHEREVER THERE IS A NEED.
    Expenses $573,696
  • SHELTER - A FACILITY TO PROVIDE TEMPORARY SHELTER FOR INDIVIDUALS IN THE AREA NEEDING A WARM, SAFE PLACE TO SPEND THE NIGHT.
    Expenses $490,652
  • COMMUNITY CENTER - WE WORK WITH MANY DIFFERENT BUSINESSES, CHURCH GROUPS, YOUTH ORGANIZATIONS AND INDIVIDUALS TO SHARE RESOURCES.
    Expenses $46,220

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
22-2587192
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
1985
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$831,322
Income (IRS master file)
$2,723,522

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,699,566$2,507,958$831,322XML
990December 2023$2,867,751$2,911,135$720,971XML
990December 2022$2,358,088$2,240,909$628,617IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 22-2587192).

Questions about THE CORNERSTONE FOUNDATION INCORPORATED

What is the EIN of THE CORNERSTONE FOUNDATION INCORPORATED?
The employer identification number (EIN) of THE CORNERSTONE FOUNDATION INCORPORATED is 22-2587192.
Is THE CORNERSTONE FOUNDATION INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Are donations to THE CORNERSTONE FOUNDATION INCORPORATED tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE CORNERSTONE FOUNDATION INCORPORATED 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 THE CORNERSTONE FOUNDATION INCORPORATED 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 THE CORNERSTONE FOUNDATION INCORPORATED 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 THE CORNERSTONE FOUNDATION INCORPORATED?
The 990 for the year ended December 31, 2024 names THOMAS STAUFFER.
Who are the officers and directors of THE CORNERSTONE FOUNDATION INCORPORATED?
The 990 for the year ended December 31, 2024 lists 17 people; 0 received compensation from the organization.
How much revenue does THE CORNERSTONE FOUNDATION INCORPORATED have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,699,566, expenses of $2,507,958 and total assets of $831,322 at year end.

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