Nonprofit · EIN 92-1987060
CORNERSTONE PRIVATE FOUNDATION
Tax-exempt · IRVINE, CA 92604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $13,279 | $14,696 | -$1,417 | $879,180 | $1,005,035 | -$125,855 |
| December 31, 2023 | 990-PF | -$115,844 | $8,594 | -$124,438 | $0 | $0 | $0 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $16,057
- Net gain from sales of assets
- -$2,778
Expenses
- Grants and similar amounts paid
- $4,770
- Disbursements for charitable purposes
- $17,192
- Excise tax on investment income
- $192
Balance sheet and other
- Total assets, start of year
- $14,670
- Total assets, end of year
- $879,180
- Total liabilities, end of year
- $1,005,035
- Net assets, end of year
- -$125,855
- Fair market value of assets
- $879,180
- Qualifying distributions
- $17,192
- Net investment income
- $16,057
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Feng He 18 Woodpine Dr, Irvine, CA 92604 | President | 4 | $0 |
| Jing Li 18 Woodpine Dr, Irvine, CA 92604 | Treasurer and Secretary | 0 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Feng He 18 Woodpine Dr, Irvine, CA 92604 | President | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 18 WOODPINE DR, IRVINE, CA 92604-4574
- In care of
- % JING LI
- Signed the 990-PF
- JING LI, Treasurer
- Phone
- (909) 215-1768
- Return prepared by
- Classic CPA
California records
California keeps its own records of charities and corporations. Search them by EIN 92-1987060 or by the name CORNERSTONE PRIVATE FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 92-1987060
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $879,180
- Income (IRS master file)
- $650,285
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $13,279 | $14,696 | $879,180 | XML |
| 990-PF | December 2023 | -$115,844 | $8,594 | $0 | XML |
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 92-1987060).
Questions about CORNERSTONE PRIVATE FOUNDATION
- What is the EIN of CORNERSTONE PRIVATE FOUNDATION?
- The employer identification number (EIN) of CORNERSTONE PRIVATE FOUNDATION is 92-1987060.
- Is CORNERSTONE PRIVATE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to CORNERSTONE PRIVATE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CORNERSTONE PRIVATE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CORNERSTONE PRIVATE 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 PRIVATE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of CORNERSTONE PRIVATE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does CORNERSTONE PRIVATE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $13,279, expenses of $14,696 and total assets of $879,180 at year end.
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All nonprofits in IRVINE · California · Philanthropy, voluntarism and grantmaking foundations