Nonprofit · EIN 31-1220787
CORNERSTONE FOUNDATION
Tax-exempt · CINCINNATI, OH 45246
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $110,884 | $76,359 | $34,525 | $779,138 | $0 | $779,138 |
| December 31, 2023 | 990-PF | $41,778 | $47,992 | -$6,214 | $739,922 | $0 | $739,922 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,000
- Dividends
- $11,187
- Net gain from sales of assets
- $96,697
Expenses
- Grants and similar amounts paid
- $71,794
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $72,927
- Excise tax on investment income
- $1,467
Balance sheet and other
- Total assets, start of year
- $739,922
- Total assets, end of year
- $779,138
- Total liabilities, end of year
- $0
- Net assets, end of year
- $779,138
- Fair market value of assets
- $1,031,926
- Qualifying distributions
- $72,927
- Net investment income
- $107,884
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD H MCSWAIN 765 HEDGEROW LANE, CINCINNATI, OH 45246 | PRESIDENT/TREASURER | 1 | $0 |
| PHYLLIS MCSWAIN 765 HEDGEROW LANE, CINCINNATI, OH 45246 | VICE PRESIDENT | 0.5 | $0 |
| JASON MCSWAIN 765 HEDGEROW LANE, CINCINNATI, OH 45246 | SECRETARY | 0.5 | $0 |
| JULIE CARNES 765 HEDGEROW LANE, CINCINNATI, OH 45246 | DIRECTOR | 0.5 | $0 |
| MICHELLE BACON 765 HEDGEROW LANE, CINCINNATI, OH 45246 | DIRECTOR | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD H MCSWAIN 765 HEDGEROW LANE, CINCINNATI, OH 45246 | PRESIDENT/TREASURER | 1 | $0 |
| PHYLLIS MCSWAIN 765 HEDGEROW LANE, CINCINNATI, OH 45246 | VICE PRESIDENT | 0.5 | $0 |
| JASON MCSWAIN 765 HEDGEROW LANE, CINCINNATI, OH 45246 | SECRETARY | 0.5 | $0 |
| JULIE CARNES 765 HEDGEROW LANE, CINCINNATI, OH 45246 | DIRECTOR | 0.5 | $0 |
| MICHELLE BACON 765 HEDGEROW LANE, CINCINNATI, OH 45246 | DIRECTOR | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 366 OAK DR, CINCINNATI, OH 45246-4616
- Signed the 990-PF
- RONALD MCSWAIN, PRESIDENT
- Phone
- (513) 772-2142
- Return prepared by
- BARNES DENNIG & CO LTD
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 31-1220787
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $779,138
- Income (IRS master file)
- $498,443
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $110,884 | $76,359 | $779,138 | IRS |
| 990-PF | December 2023 | $41,778 | $47,992 | $739,922 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 31-1220787).
Questions about CORNERSTONE FOUNDATION
- What is the EIN of CORNERSTONE FOUNDATION?
- The employer identification number (EIN) of CORNERSTONE FOUNDATION is 31-1220787.
- Is CORNERSTONE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to CORNERSTONE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CORNERSTONE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CORNERSTONE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORNERSTONE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of CORNERSTONE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does CORNERSTONE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $110,884, expenses of $76,359 and total assets of $779,138 at year end.
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