Nonprofit · EIN 84-3775046
CORNERSTONE OF GRACE
Tax-exempt · WATERTOWN, WI 53094
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $495,431 | $392,701 | $102,730 | $415,234 | $86,264 | $328,970 |
| December 31, 2024 | 990 | $404,671 | $318,300 | $86,371 | $226,236 | $0 | $226,236 |
| December 31, 2023 | 990 | $329,196 | $341,622 | -$12,426 | $143,623 | $3,756 | $139,867 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $479,324
- Program service revenue
- $8,823
- Investment income
- $1,769
- Net income from fundraising events
- $5,515
- Other revenue
- $5,515
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $79,711
- Other salaries and wages
- $76,394
- Salaries, compensation and benefits (total)
- $179,733
- Professional fundraising fees
- $0
- Legal fees
- $911
- Accounting fees
- $2,601
- Occupancy
- $56,506
- Travel
- $1,569
- Depreciation
- $6,924
- Program services (functional)
- $262,688
- Management and general (functional)
- $130,013
Balance sheet and other
- Total assets, start of year
- $226,236
- Total assets, end of year
- $415,234
- Total liabilities, end of year
- $86,264
- Net assets, end of year
- $328,970
- Land, buildings and equipment
- $169,620
- Net assets without donor restrictions
- $328,970
- Gross receipts
- $496,355
- Employees
- 7
- Volunteers
- 100
- Year formed
- 2020
- State of legal domicile
- WI
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michele Altman | Director Trustee or director, Officer | 60 | $79,711 |
| Erin Stai | Board Secretary Trustee or director, Officer | 1 | $0 |
| Linda Oberbrunner | Board Member Trustee or director | 1 | $0 |
| Jeffrey Finger | Board Treasurer Trustee or director, Officer | 10 | $0 |
| Mary Quinsey | Board Member Trustee or director | 1 | $0 |
| Matt Keever | Board Member Trustee or director | 1 | $0 |
| Deb Portman | Board Chair Trustee or director, Officer | 1 | $0 |
| Casey Hushon | Board Member Trustee or director | 1 | $0 |
| Tom Merfeld | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michele Altman | Director Trustee or director, Officer | 60 | $72,041 |
| Nancy Zimmerman | Board Chair Trustee or director, Officer | 10 | $0 |
| Jeremy Walker | Member at Large Trustee or director | 1 | $0 |
| Emily McFarland | Member at Large Trustee or director | 1 | $0 |
| Erin Stai | Member at Large Trustee or director | 1 | $0 |
| Linda Oberbrunner | Member at Large Trustee or director | 1 | $0 |
| Jeffrey Finger | Treasurer Trustee or director, Officer | 10 | $0 |
| Mary Quinsey | Member at Large Trustee or director | 1 | $0 |
| Matt Keever | Member at Large Trustee or director | 1 | $0 |
| Deb Portman | Secretary Trustee or director, Officer | 1 | $0 |
| Casey Huson | Member at Large Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michele Altman | Director Trustee or director, Officer | 60 | $63,592 |
| Nancy Zimmerman | Board Chair Trustee or director | 10 | $0 |
| Rachel Haberkorn | Treasurer Trustee or director, Officer | 10 | $0 |
| Jeremy Walker | Member at Large Trustee or director | 1 | $0 |
| Emily McFarland | Member at Large Trustee or director | 1 | $0 |
| Carrie Sharkozy | Member at Large Trustee or director | 1 | $0 |
| Linda Oberbrunner | Member at Large Trustee or director | 1 | $0 |
| Jeffrey Finger | Treasurer Trustee or director, Officer | 10 | $0 |
| Angel Slawinski | Member at Large Trustee or director | 1 | $0 |
| Cassandra Wagner | Member at Large Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 217 N 5TH ST, WATERTOWN, WI 53094-3801
- In care of
- % JEFFREY FINGER
- Principal officer (990 for 2025)
- Jeffrey Finger, 217 N 5th Street, Watertown, WI 53094
- Signed the 990
- Jeffrey Finger, Treasurer
- Phone
- (920) 285-8378
- Website
- www.cornerstoneofgrace.org
- Return prepared by
- Corey A Pfaffe CPA LLC
Mission
Our mission is to offer a safe residential environment for women and their children, equipping them to face lifes challenges by building healthy relationships. We offer love, discipleship and resources to build a solid foundation for growth and stability.
Program accomplishments
- Cornerstone of Grace purchased a duplex to provide second chance housing for our program graduates who are not attractive to traditional landlords becasue of past legal issues and evictions. This year we served 25 women and children, as well as their extended family members, providing them with the tools to rebuild their futures. Our approach focuses on more than just immediate needs we invest in long-term stability. 100 of individuals had safe housing while enrolled in the program, 90 have found steady work, 100 have received counseling, financial training, and parenting education, and 90 of children are enrolled in school or childcare.Expenses $262,688 · revenue $8,823
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 | 990 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
- 84-3775046
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $415,234
- Income (IRS master file)
- $496,355
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $495,431 | $392,701 | $415,234 | IRS |
| 990 | December 2024 | $404,671 | $318,300 | $226,236 | IRS |
| 990 | December 2023 | $329,196 | $341,622 | $143,623 | XML |
| 990 | December 2022 | $220,734 | $176,108 | $157,875 | IRS |
| 990-EZ | December 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 84-3775046).
Questions about CORNERSTONE OF GRACE
- What is the EIN of CORNERSTONE OF GRACE?
- The employer identification number (EIN) of CORNERSTONE OF GRACE is 84-3775046.
- Is CORNERSTONE OF GRACE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to CORNERSTONE OF GRACE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE OF GRACE 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 OF GRACE 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 CORNERSTONE OF GRACE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CORNERSTONE OF GRACE?
- The 990 for the year ended December 31, 2025 names Jeffrey Finger.
- Who are the officers and directors of CORNERSTONE OF GRACE?
- The 990 for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $79,711 (Michele Altman, Director).
- How much revenue does CORNERSTONE OF GRACE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $495,431, expenses of $392,701 and total assets of $415,234 at year end.
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