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Nonprofiteer
← CORNERSTONE FOUNDATION INC

Form 990 for tax year 2023

Filed by CORNERSTONE FOUNDATION INC.

Totals

Total revenue
$3,237,849
Total expenses
$959,992
Contributions and grants received
$2,444,416
Grants paid
$849,847
Program service revenue
$0
Investment income
$793,433
Other revenue
$0
Total assets, end of year
$29,632,259
Total liabilities, end of year
$540,926
Net assets or fund balances, end of year
$29,091,333
Program services expenses (Part IX)
$849,847
Management and general expenses
$62,862
Fundraising expenses
$47,283
Program service expenses (Part III)
$849,847

Program services were 88.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PR MICHEL CLARK

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.4

  • CAROL A POPLAWSKI

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.4

  • MARY ANN SMITH

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.4

  • THOMAS CUNNIFF

    TREASURER

    Total calculated
    $0
    Hours/week
    0.4

  • MARCIA A ANDERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4

  • SUSAN BERNARDI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4

  • STEPHEN BISHOP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4

  • PR GREG BUSBOOM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4

  • WILLIAM BILL S FLECK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4

  • CONNIE FRANKENFELD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4

  • PR JOHN FREIDHEIM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4

  • SUSAN GILPIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4

  • RONALD KOK-ALBLAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4

  • NANCY NAGEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4

  • ROLAND PERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4

  • CHARLES PRICE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4

  • PR ART PUOTINEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4

  • JON A THEEKE JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4

  • MARK TOMAW

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4

  • BONALYNN WALLACH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.4

  • MARK A STUTRUD

    CEO

    Total calculated
    $830,781
    From this org
    $0
    From related orgs
    $774,576
    Other
    $56,205
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $310,385 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $404,191 related
    Deferred
    $0 + $44,979 related
    Nontaxable benefits
    $0 + $11,226 related
    Filer's total
    $0 + $830,781 related

  • DAVID NOVAK

    VP OF ADVANCEMENT

    Total calculated
    $225,432
    From this org
    $0
    From related orgs
    $198,284
    Other
    $27,148
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,718 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $2,566 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $27,148 related
    Filer's total
    $0 + $225,432 related

  • LISA SROGA

    VP FINANCE/CFO

    Total calculated
    $221,934
    From this org
    $0
    From related orgs
    $214,933
    Other
    $7,001
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,007 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $926 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,001 related
    Filer's total
    $0 + $221,934 related

  • DAVID K WILDS

    DIR OF TREASURY SERVICES

    Total calculated
    $0
    Hours/week
    1 + 39 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
ALL OFFICERS ARE EMPLOYEES OF LUTHERAN SOCIAL SERVICES OF ILLINOIS (LSSI), A RELATED ORGANIZATION. LSSI USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: COMPENSATION COMMITTEE; WRITTEN EMPLOYMENT CONTRACT; AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4B
MARK STUTRUD, CEO OF LSSI, IS ENTITLED TO BENEFITS UNDER A 457F PLAN MAINTAINED BY LSSI. DURING FY24, THE AMOUNT ACCRUED WAS $44,979 AND MARK RECEIVED A PAYOUT OF $400,000.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
31 March 2025
IRS schema version
2023v6.0
Source object
202520909349301652

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