Overview
What is Cornerstone Charitable Foundation?
The Cornerstone Charitable Foundation, based in Beloit, Kansas, is a nonprofit organization with a strong mission to strengthen local Catholic communities for future generations. They accomplish this by offering financial support and programs through grants, loans, bond financing, structured giving, and endowment building. Their unique endeavor involves maintaining and administering an insurance program, where they pay life insurance premiums on a pool of policies, acting as both the owner and beneficiary. This nonprofit primarily focuses on Catholic schools, parishes, foundations, and mission-supported organizations in Beloit, Kansas, and across the nation.
Official website here: www.cornerstoncharitablefoundation.com
Is Cornerstone Charitable Foundation legitimate?
Cornerstone Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Charitable Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $10,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cornerstoncharitablefoundation.com
What is the mission statement of Cornerstone Charitable Foundation?
The Cornerstone Charitable Foundation's mission is centered around strengthening local Catholic communities for future generations. They accomplish this by offering financial aid and programming to Catholic schools, parishes, foundations, and mission-aligned non-profit organizations, not just in Beloit, KS, but nationwide. Their services encompass grant provision, loans, bond financing, structured giving, and endowment building. Additionally, they have an endowment funding program that involves administering an insurance program, paying life insurance premiums on a pool of policies, with Cornerstone serving as both the owner and beneficiary.
Official website here: www.cornerstoncharitablefoundation.com
Who is the CEO of Cornerstone Charitable Foundation?
Douglas Thiessen is the Chairman/Trustee of Cornerstone Charitable Foundation.
Official website here: www.cornerstoncharitablefoundation.com
What is the revenue of Cornerstone Charitable Foundation?
Cornerstone Charitable Foundation's revenue in 2022 was $1,284,970.
Official website here: www.cornerstoncharitablefoundation.com
Who are the executives of Cornerstone Charitable Foundation and what are their salaries?
The average compensation at Cornerstone Charitable Foundation during 2022 was $10,000. There are 1 employees and 8 volunteers at Cornerstone Charitable Foundation.
Here are 9 key members and their salaries:
- Joseph Walter (President)
- Douglas Thiessen (Chairman/Trustee)
- Dan Ellenz (Vice President/Trustee)
- Doug Eilert (Treasurer/Trustee)
- Dean Gengler (Secretary/Trustee)
- Jeff Bechard (Trustee)
- David Dubbert (Trustee)
- Jerome Eilert (Trustee)
- Fr Jarett Konrade (Trustee)
Official website here: www.cornerstoncharitablefoundation.com
Where can I find the form 990 for Cornerstone Charitable Foundation?
The Cornerstone Charitable Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.cornerstoncharitablefoundation.com
Learn more at the official website: www.cornerstoncharitablefoundation.com
Mission Statement of Cornerstone Charitable Foundation
Cornerstone Charitable Foundation, a non-profit organization, is committed to strengthening local Catholic communities for future generations. They accomplish this mission by offering grants, financing programs, loans, bond financing, structured giving, and endowment building capabilities to Catholic schools, parishes, foundations, and mission-supported non-profit organizations both in Beloit, KS, and nationwide. In addition, the foundation maintains and administers an insurance program through its endowment funding program. This insurance program involves the payment of life insurance premiums on a pool of insurance policies, with Cornerstone serving as the owner and beneficiary. The goal of these initiatives is to support and empower Catholic communities, ensuring their continued growth and impact for generations to come.
Impact
This information is meant to be a general summary of Cornerstone Charitable Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Cornerstone Charitable Foundation's impact is significant in strengthening local Catholic communities for future generations. Through its grants, loans, bond financing, structured giving, and endowment building capabilities, it supports Catholic schools, parishes, foundations, and mission-supported organizations not only in Beloit, KS but also across the country. By providing financial assistance and resources, Cornerstone Charitable Foundation plays a crucial role in ensuring the sustainability and growth of these vital institutions within the Catholic community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEATH BENEFITS
Revenue
$550,424
CONDUIT BOND FEES
Revenue
$30,793
Organization Details
Founding Year
2005
Phone
(785) 534-9409
Principal Officer
Douglas Thiessen
Main Address
1110 N INDEPENDENCE AVE, BELOIT, KS, 67420
NTEE Category
Code: T30 - Philanthropy
If you are a representative of Cornerstone Charitable Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.