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Nonprofiteer
← CORNERSTONES OF CARE FOUNDATION

Form 990 for tax year 2023

Filed by CORNERSTONES OF CARE FOUNDATION.

Totals

Total revenue
$193,059
Total expenses
$547,637
Contributions and grants received
$73,220
Grants paid
$515,292
Program service revenue
$0
Investment income
$116,716
Other revenue
$3,123
Total assets, end of year
$13,083,143
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$13,083,143
Program services expenses (Part IX)
$515,292
Management and general expenses
$32,345
Fundraising expenses
$0
Program service expenses (Part III)
$515,292

Program services were 94.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $73,220

  • 3 · Investment income

    total $271,102 · excluded $271,102

  • 7a · Gross sales of assets other than inventory

    securities $515,292

  • 7b · Less cost or other basis and sales expenses

    securities $669,678

  • 7c · Gain or loss

    securities -$154,386

  • 7d · Net gain or loss

    total -$154,386 · excluded -$154,386

  • 11a · Other revenue: MISC INCOME

    total $3,123 · excluded $3,123

  • 11e · Other revenue, total

    $3,123

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $515,292 · program services $515,292

  • 11f · Fees: investment management

    total $32,345 · management and general $32,345

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,084,643 · end of year $1,011,287

  • 11 · Investments: publicly traded securities

    beginning of year $10,743,539 · end of year $12,070,731

  • 15 · Other assets

    beginning of year $53,950 · end of year $1,125

  • 27 · Net assets without donor restrictions

    beginning of year $8,815,601 · end of year $9,636,375

  • 28 · Net assets with donor restrictions

    beginning of year $3,066,531 · end of year $3,446,768

Mission and programs · 2023

Mission

CORNERSTONES OF CARE FOUNDATION WAS FORMED TO CONDUCT AND SUPPORT ACTIVITIES FOR THE BENEFIT OF CORNERSTONES OF CARE.

  • THE FOUNDATION SUPPORTS THE ACTIVITIES OF CORNERSTONES OF CARE, A 501(C)(3) ORGANIZATION.

    Expenses $515,292 · Grants $515,292

As filed on the 2023 return.

Listed in Part VII

  • Kathleen Jackson

    BOARD MEMBER/CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kate Allen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Appleby

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dan Cranshaw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jim Hogan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Christine Leyva

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ryan Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Brian Stewart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jill Beck

    TREASURER/CFO

    Total calculated
    $174,471
    From this org
    $0
    From related orgs
    $162,960
    Other
    $11,511
    Hours/week
    2 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,140 related
    Bonus
    $0 + $14,820 related
    Other
    $0
    Deferred
    $0 + $3,066 related
    Nontaxable benefits
    $0 + $8,445 related
    Filer's total
    $0 + $174,471 related

  • Merideth Rose

    CEO/PRESIDENT

    Total calculated
    $298,651
    From this org
    $0
    From related orgs
    $271,236
    Other
    $27,415
    Hours/week
    2 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,873 related
    Bonus
    $0 + $38,363 related
    Other
    $0
    Deferred
    $0 + $1,214 related
    Nontaxable benefits
    $0 + $26,201 related
    Filer's total
    $0 + $298,651 related

  • Chad Harris

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $144,630
    From this org
    $0
    From related orgs
    $129,311
    Other
    $15,319
    Hours/week
    2 + 45 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE RELATED ORGANIZATION, CORNERSTONES OF CARE, USES INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION OF CORNERSTONES OF CARE'S CEO.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
21 August 2024
IRS schema version
2023v5.1
Source object
202422399349301012

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