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Nonprofit · EIN 93-0517401

CORNERSTONE ASSOCIATES INC

Tax-exempt · CORVALLIS, OR 97339

Financials

$3M$2.4M2021$2.4M$1.8M2022$2.8M$2.3M2023$3.2M$3.3M2024
Revenue Expenses · by fiscal year end
Financials of CORNERSTONE ASSOCIATES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$3,192,224$3,258,635-$66,411$4,153,117$638,786$3,514,331
June 30, 2024990$2,786,499$2,306,533$479,966$4,105,611$524,869$3,580,742
June 30, 2023990$2,374,352$1,789,747$584,605$3,378,183$277,407$3,100,776
June 30, 2022990$2,995,590$2,403,777$591,813$2,790,700$274,529$2,516,171
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$244,733
of which government grants
$196,166
Program service revenue
$2,760,035
Investment income
$97,545
Net gain from sales of assets
$14,653
Net income from fundraising events
$414
Other revenue
$89,911

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$111,192
Other salaries and wages
$1,929,797
Salaries, compensation and benefits (total)
$2,407,651
Professional fundraising fees
$0
Legal fees
$3,567
Accounting fees
$41,374
Occupancy
$22,356
Travel
$2,021
Depreciation
$159,551
Program services (functional)
$2,733,863
Management and general (functional)
$524,772

Balance sheet and other

Total assets, start of year
$4,105,611
Total assets, end of year
$4,153,117
Total liabilities, end of year
$638,786
Net assets, end of year
$3,514,331
Land, buildings and equipment
$1,126,752
Net assets without donor restrictions
$3,434,805
Net assets with donor restrictions
$79,526
Gross receipts
$3,239,489
Employees
0
Volunteers
7
Year formed
1965
State of legal domicile
OR

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.

NameTitleHours / weekCompensation
KEN SMITHEXECUTIVE DIRECTOR40$111,192
PETER BALLTreasurer
Trustee or director
1$0
DEBRA HAMMONDBoard Member
Trustee or director
2$0
STAN SELFRIDGEBoard Member
Trustee or director
2$0
GAIL EBYVice President
Officer
0$0
BECKY DILLEYPresident
Officer
2$0
JOHN MENTLERBoard Member
Officer
1$0
SUSAN ZAREMBASecretary
Officer
2$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensation
KENNETH SMITHExecutive Dir.
Officer
40$106,332
PETER BALLBOARD MEMBER
Trustee or director
1$0
DEBRA HAMMONDBOARD MEMBER
Trustee or director
2$0
STAN SELFRIDGETreasurer
Trustee or director
2$0
BECKY DILLEYPresident
Officer
2$0
JOHN MENTLERBOARD MEMBER
Officer
1$0
SUSAN ZAREMBASecretary
Officer
2$0
990 for the year ended June 30, 2023: 10 people
NameTitleHours / weekCompensation
PETER BALLBOARD MEMBER
Trustee or director
1$0
KEVIN FANDREMBOARD MEMBER
Trustee or director
1$0
DEBRA HAMMONDBOARD MEMBER
Trustee or director
1$0
ASHLEY LANEBOARD MEMBER
Trustee or director
1$0
STAN SELFRIDGEBOARD MEMBER
Trustee or director
1$0
KENNETH SMITHExecutive Dir.
Officer
40$0
BECKY DILLEYPresident
Officer
4$0
JOHN MENTLERTreasurer
Officer
2$0
SHERRIE PAYNEVice President
Officer
3$0
SUSAN ZAREMBASecretary
Officer
4$0
990 for the year ended June 30, 2022: 10 people
NameTitleHours / weekCompensation
KENNETH SMITHExecutive Dir.
Officer
40$81,947
PETER BALLBOARD MEMBER
Trustee or director
1$0
KEVIN FANDREMBOARD MEMBER
Trustee or director
1$0
DEBRA HAMMONDBOARD MEMBER
Trustee or director
1$0
ASHLEY LANEBOARD MEMBER
Trustee or director
1$0
STAN SELFRIDGEBOARD MEMBER
Trustee or director
1$0
BECKY DILLEYPresident
Officer
4$0
JOHN MENTLERTreasurer
Officer
2$0
SHERRIE PAYNEVice President
Officer
3$0
SUSAN ZAREMBASecretary
Officer
4$0

Address and contacts

Address (IRS master file)
PO BOX 973, CORVALLIS, OR 97339-0973
Principal officer (990 for 2024)
KENNETH SMITH
Signed the 990
KENNETH SMITH, Executive Director
Phone
(541) 752-9724
Return prepared by
RAUCH MCFETRIDGE CLEVELAND & STEIN CPA

Mission

CREATE MEANINGFUL COMMUNITY INVOLVEMENT FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

990 for the year ended June 30, 2025

Program accomplishments

  • PROVIDE TRAINING END EMPLOYMENT TO APPROXIMATELY 150 INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES IN A COMMUNITY, INDUSTRIAL, AND BUSINESS SETTING. THE DESIRED OUTCOME IS SUSTAINED, PAID EMPLOYMENT, AND WORK EXPERIENCE WHICH MAY LEAD TO FURTHER CARRER DEVELOPMENT.
    Expenses $2,733,863

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
93-0517401
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
1965
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Employment (J300)
Assets (IRS master file)
$4,153,117
Income (IRS master file)
$3,239,489

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$3,192,224$3,258,635$4,153,117XML
990June 2024$2,786,499$2,306,533$4,105,611XML
990June 2023$2,374,352$1,789,747$3,378,183IRS
990June 2022$2,995,590$2,403,777$2,790,700XML
990June 2021$2,320,974$1,960,546$2,469,623IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 93-0517401).

Questions about CORNERSTONE ASSOCIATES INC

What is the EIN of CORNERSTONE ASSOCIATES INC?
The employer identification number (EIN) of CORNERSTONE ASSOCIATES INC is 93-0517401.
Is CORNERSTONE ASSOCIATES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
Are donations to CORNERSTONE ASSOCIATES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CORNERSTONE ASSOCIATES INC 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 ASSOCIATES 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 CORNERSTONE ASSOCIATES INC 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 CORNERSTONE ASSOCIATES INC?
The 990 for the year ended June 30, 2025 names KENNETH SMITH.
Who are the officers and directors of CORNERSTONE ASSOCIATES INC?
The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $111,192 (KEN SMITH, EXECUTIVE DIRECTOR).
How much revenue does CORNERSTONE ASSOCIATES INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $3,192,224, expenses of $3,258,635 and total assets of $4,153,117 at year end.

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