Cornerstone Charitable Foundation
Cornerstone Charitable Foundation
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About this organization
Mission
Cornerstone Charitable Foundation's mission is to strengthen local Catholic (see sch o) communities for future generations through providing grants and financing programs for Catholic and mission-supportive nonprofit organizations.
About
Under its endowment funding program, Cornerstone maintains and administers an insurance program which involves the payment of life insurance premiums on a pool of insurance policies of which Cornerstone is the owner and beneficiary.
Interesting data from their 2020 990 filing
In the filing, the mission of the non-profit is noted as “Cornerstone's charitable foundation's mission is to strengthen local catholic communities for future generations by providing grants, loans, bond financing, structured giving and endowment-building capabilities to catholic schools, parishes, foundation and (see sch o) mission-supportive nonprofit organizations in beloit, ks, and around the country.”.
When referring to its responsibilities, they were outlined as: “Cornerstone charitable foundation's mission is to strengthen local catholic (see sch o) communities for future generations through providing grants and financing programs for catholic and mission-supportive nonprofit organizations.”.
- The state in which the non-profit is legally registered to operate is KS, as per legal records.
- The filing documents the non-profit's address in 2020 as 1110 N INDEPENDENCE AVE, BELOIT, KS, 67420.
- According to the non-profit's form, they have 3 employees on their payroll as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$15,749.
- The organization has 7 independent voting members.
- The organization was formed in 2005.
- The organization pays $103,641 in salary, compensation, and benefits to its employees.
- The organization pays $87,180 in fundraising expenses.