Nonprofit · EIN 05-0623289
CORNERSTONE OF HOPE INC
Tax-exempt · JOHNSTON, IA 50131
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $62,324 | $45,790 | $16,534 | $92,007 | $188 | $91,819 |
| December 31, 2024 | 990 | $65,081 | $55,789 | $9,292 | $75,284 | $0 | $75,284 |
| December 31, 2023 | 990-EZ | $54,172 | $44,643 | $9,529 | $65,993 | $0 | $65,993 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $61,929
- Program service revenue
- $0
- Investment income
- $395
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $37,669
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $37,669
- Management and general (functional)
- $3,776
- Fundraising (functional)
- $4,345
Balance sheet and other
- Total assets, start of year
- $75,284
- Total assets, end of year
- $92,007
- Total liabilities, end of year
- $188
- Net assets, end of year
- $91,819
- Gross receipts
- $62,324
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2005
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Eric Idehen | Director Trustee or director, Officer | 10 | $0 |
| Kevin McGuire | Director / Treasurer Trustee or director, Officer | 10 | $0 |
| Aliou Kieta | Director / President Trustee or director, Officer | 10 | $0 |
| Jon Albert | Director Trustee or director | 5 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Eric Idehen | Director Trustee or director, Officer | 14 | $0 |
| Kevin McGuire | Director / Treasurer Trustee or director, Officer | 3 | $0 |
| Aliou Kieta | Director / President Trustee or director, Officer | 2 | $0 |
| Jon Albert | Director Trustee or director | 1 | $0 |
| Jacque Mahoney | Director / VP Trustee or director, Officer | 1 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Eric Idehen | Director | 6 | $0 |
| Kevin McGuire | Director / Treasurer | 6 | $0 |
| Aliou Kieta | Director / President | 6 | $0 |
| Muhammad Shaw | Director | 3 | $0 |
| Jacque Mahoney | Director / VP | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 9809 SKYLINE CIR, JOHNSTON, IA 50131-2720
- In care of
- % ERIC E IDEHEN
- Principal officer (990 for 2025)
- Kevin McGuire, 9809 Skyline Circle, Johnston, IA 50131
- Signed the 990
- Kevin McGuire, Treasurer
- Phone
- (515) 988-2284
- Website
- www.thehopeorphans.org
Mission
We support orphan causes and help orphans to have a place to live. This includes food programs, health care, clean water, Housing, education and adoption. We also educate people in the United States on orphan issues.
Program accomplishments
- Grant to fund operations of Cornerstone of Hope, Nigeria Orphanage. Cornerstone of Hope Nigeria takes care of Orphan Children in a permanent facility. They provide food, health care, clean water, education, security, and family support programs in Nigeria.Expenses $34,669
- Program to find adoptive parents for the children and educate American's on Orphan's needs. All volunteers provide the presentations. Cornerstone has no expense for this service.0
- Providing Educational presentations to schools and organizations about Nigerian orphans and issues that cause children to become orphans. All presentations are delivered by volunteers at travel expenses only to the organizationExpenses $3,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 05-0623289
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L990)
- Assets (IRS master file)
- $92,007
- Income (IRS master file)
- $62,324
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $62,324 | $45,790 | $92,007 | XML |
| 990 | December 2024 | $65,081 | $55,789 | $75,284 | XML |
| 990-EZ | December 2023 | $54,172 | $44,643 | $65,993 | XML |
| 990 | December 2022 | $91,746 | $68,091 | $56,545 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 05-0623289).
Questions about CORNERSTONE OF HOPE INC
- What is the EIN of CORNERSTONE OF HOPE INC?
- The employer identification number (EIN) of CORNERSTONE OF HOPE INC is 05-0623289.
- Is CORNERSTONE OF HOPE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to CORNERSTONE OF HOPE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE OF HOPE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CORNERSTONE OF HOPE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORNERSTONE OF HOPE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CORNERSTONE OF HOPE INC?
- The 990 for the year ended December 31, 2025 names Kevin McGuire.
- Who are the officers and directors of CORNERSTONE OF HOPE INC?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does CORNERSTONE OF HOPE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $62,324, expenses of $45,790 and total assets of $92,007 at year end.
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