The Cornerstone Group Foundation

Nonprofit profile at a glance

EIN
202307008
IRS 990-EZ coverage
2019–2023
Forms available
Form 990 2018, Form 990-EZ 2023, Form 990-N 2016
Location
Minneapolis, MN, USA
Phone
6524846857
Rating
93
Verdict
STRONG
Rating confidence
Moderate
Sector
Philanthropy, Charity, Voluntarism Promotion

Reported finances

Revenue
$21,176
Expenses
$31,610
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • COLLEEN CAREY (PRESIDENT)

People named in this filing

  • COLLEEN CAREY (PRESIDENT)
  • LAWRENCE BLACK (TREASURER)
  • PAMELA ENDEAN (VICE PRESDIENT / SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To transform communities through socially responsible philanthropy. The cornerstone group foundation provided philanthropic support for communities which it had business endeavors and/or employee volunteer commitment. The cornerstone group foundation supported non-profit organizations through grants and distributions. The majority of the cornerstone group foundation's philanthropic support was focused on efforts in the area of environmental sustainability. The balance of the support was focused on organizations working to stabilize familes, enrich lives through the arts, culture, and education, and promote social justice.

What it reported doing in 2023

Transformed communities through socially responsible philanthropy.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 14
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -49.3%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 80% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: -49% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -22.8% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $32K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 4 filing years from 2019 to 2023
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 14/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.