Nonprofit · EIN 42-1653252
FIRST CORNERSTONE FOUNDATION INC
Tax-exempt · WEST CHESTER, PA 19382
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $569,933 | $437,575 | $132,358 | $7,727,391 | $0 | $7,727,391 |
| June 30, 2024 | 990-PF | $1,046,604 | $476,176 | $570,428 | $7,597,969 | $0 | $7,597,969 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Dividends
- $229,950
- Net gain from sales of assets
- $339,059
- Other income
- $924
Expenses
- Grants and similar amounts paid
- $416,250
- Disbursements for charitable purposes
- $421,229
- Excise tax on investment income
- $7,789
Balance sheet and other
- Total assets, start of year
- $7,597,969
- Total assets, end of year
- $7,727,391
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,727,391
- Fair market value of assets
- $10,431,246
- Qualifying distributions
- $421,229
- Net investment income
- $569,009
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANCES M ABBOTT 975 HILLSDALE RD, WEST CHESTER, PA 19385 | CO-TRUSTEE | 1 | $0 |
| FRANCES H ABBOTT JR 975 HILLSDALE RD, WEST CHESTER, PA 19385 | SECRETARY | 1 | $0 |
990-PF for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANCES M ABBOTT 975 HILLSDALE RD, WEST CHESTER, PA 19385 | CO-TRUSTEE | 1 | $0 |
| FRANCES H ABBOTT JR 975 HILLSDALE RD, WEST CHESTER, PA 19385 | SECRETARY | 1 | $0 |
| BNY MELLON N A PO BOX 185, PITTSBURGH, PA 152300185 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 975 HILLSDALE RD, WEST CHESTER, PA 19382-1920
- Signed the 990-PF
- FRANCES M ABBOTT, TRUSTEE
- Phone
- (610) 254-1199
- Return prepared by
- PWC US TAX 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 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-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 42-1653252
- 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
- 2005
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $7,727,391
- Income (IRS master file)
- $3,241,212
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $569,933 | $437,575 | $7,727,391 | XML |
| 990-PF | June 2024 | $1,046,604 | $476,176 | $7,597,969 | XML |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | 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 42-1653252).
Questions about FIRST CORNERSTONE FOUNDATION INC
- What is the EIN of FIRST CORNERSTONE FOUNDATION INC?
- The employer identification number (EIN) of FIRST CORNERSTONE FOUNDATION INC is 42-1653252.
- Is FIRST CORNERSTONE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to FIRST CORNERSTONE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FIRST CORNERSTONE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FIRST CORNERSTONE FOUNDATION INC 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 FIRST CORNERSTONE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of FIRST CORNERSTONE FOUNDATION INC?
- The 990-PF for the year ended June 30, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does FIRST CORNERSTONE FOUNDATION INC have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $569,933, expenses of $437,575 and total assets of $7,727,391 at year end.
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All nonprofits in WEST CHESTER · Pennsylvania · Philanthropy, voluntarism and grantmaking foundations