Nonprofit · EIN 27-2521668
CORNET ASSOCIATION OF AMERICA
Tax-exempt · WASHINGTON, DC 20006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,847,662 | $584,020 | $1,263,642 | $56,059,244 | $0 | $56,059,244 |
| June 30, 2024 | 990 | $1,748,827 | $477,044 | $1,271,783 | $54,795,602 | $0 | $54,795,602 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $537,882
- Net gain from sales of assets
- $31,476
- Other revenue
- $1,309,780
Expenses
- Grants and similar amounts paid
- $160,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $26,185
- Accounting fees
- $17,500
- Program services (functional)
- $160,000
- Management and general (functional)
- $424,020
Balance sheet and other
- Total assets, start of year
- $54,795,602
- Total assets, end of year
- $56,059,244
- Total liabilities, end of year
- $0
- Net assets, end of year
- $56,059,244
- Publicly traded securities
- $12,620,719
- Gross receipts
- $1,847,662
- Employees
- 0
- Year formed
- 2010
- State of legal domicile
- DC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Donald D Kozusko | Secretary Treasurer Trustee or director, Officer | 1 | $0 |
| George N Harris Jr | President Trustee or director, Officer | 1 | $0 |
| Edwin J Broecker | Vice President Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Donald D Kozusko | Secretary Treasurer Trustee or director, Officer | 0 | $0 |
| George N Harris Jr | President Trustee or director, Officer | 1 | $0 |
| Edwin J Broecker | Vice President Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 750 17TH ST NW STE 900, WASHINGTON, DC 20006-4675
- In care of
- % GEORGE N HARRIS
- Principal officer (990 for 2024)
- George N Harris, 1666 K Street NW Suite 400, Washington, DC 20006
- Signed the 990
- George Harris, President
- Phone
- (202) 457-7200
- 990-N for 2020 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: George Harris, 1666 K Street NW 400, Washington DC 200061219. Mailing address: 1666 K Street NW 400, Washington DC 200061219.
- Return prepared by
- Wannen and Company
Mission
SEE ATTACHED SCH O
Program accomplishments
- To support, promote and advance medical science and health care, particularly for developing and refining innovative means of prevention, diagnosis, or treatment. To support, promote and advance primary, secondary, or higher education and alternative methods of education, particularly for new fields of learning or enhanced understanding or application of established fields;grants $160,000
- To support, promote and advance biological, marine, and environmental science, particularly as they complement the purposes of medical science, health care, and education; (4) political activities that foster individual responsibility and business development, especially in support of the other purposes; (5) public parks and land, including natural resource conservation; (6) amateur athletics; (7) performing arts; (8) m useums and educational facilities, making historical materials or artistic works accessible to others; (9) historic preservation and rehabilitation; and (10) programs that support best practices and management continuity in familybased, communityoriented privately held businesses;
- Each fiscal year, Cornet Association of America identifies several programs operated by unrelated Section 501(c)(3) organizations that will support the primary educational mission. Now that Cornet has available assets, it intends to make distributions to these unrelated educational organizations each year. See Schedule O.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-2521668
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2010
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S11)
- Assets (IRS master file)
- $56,059,244
- Income (IRS master file)
- $1,847,662
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,847,662 | $584,020 | $56,059,244 | XML |
| 990 | June 2024 | $1,748,827 | $477,044 | $54,795,602 | XML |
| 990 | June 2023 | $1,420,994 | $459,996 | $53,523,820 | IRS |
| 990 | June 2022 | $52,915,713 | $352,891 | $52,562,822 | IRS |
| 990-N for 2020 Officer: George Harris Filed under this EIN, most likely by a chapter or affiliate | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: GEORGE N HARRIS Filed under this EIN, most likely by a chapter or affiliate | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: GEORGE N HARRIS Filed under this EIN, most likely by a chapter or affiliate | June 30, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 27-2521668).
Questions about CORNET ASSOCIATION OF AMERICA
- What is the EIN of CORNET ASSOCIATION OF AMERICA?
- The employer identification number (EIN) of CORNET ASSOCIATION OF AMERICA is 27-2521668.
- Is CORNET ASSOCIATION OF AMERICA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2010.
- Are donations to CORNET ASSOCIATION OF AMERICA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CORNET ASSOCIATION OF AMERICA 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 CORNET ASSOCIATION OF AMERICA due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORNET ASSOCIATION OF AMERICA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CORNET ASSOCIATION OF AMERICA?
- The 990 for the year ended June 30, 2025 names George N Harris.
- Who are the officers and directors of CORNET ASSOCIATION OF AMERICA?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does CORNET ASSOCIATION OF AMERICA have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,847,662, expenses of $584,020 and total assets of $56,059,244 at year end.
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All nonprofits in WASHINGTON · District of Columbia · Community improvement and capacity building