Nonprofit · EIN 86-1545903
AMERICAN CORNERSTONE INSTITUTE INC
Tax-exempt · WASHINGTON, DC 20001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $12,057,456 | $12,375,071 | -$317,615 | $1,847,196 | $341,249 | $1,505,947 |
| December 31, 2023 | 990 | $11,253,909 | $11,249,077 | $4,832 | $2,337,747 | $514,185 | $1,823,562 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $11,998,682
- Program service revenue
- $0
- Investment income
- $16,968
- Other revenue
- $41,806
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,033,798
- Other salaries and wages
- $806,731
- Salaries, compensation and benefits (total)
- $2,106,127
- Professional fundraising fees
- $0
- Legal fees
- $182,060
- Occupancy
- $156,226
- Travel
- $500,510
- Program services (functional)
- $8,645,761
- Management and general (functional)
- $1,067,508
- Fundraising (functional)
- $2,661,802
Balance sheet and other
- Total assets, start of year
- $2,337,747
- Total assets, end of year
- $1,847,196
- Total liabilities, end of year
- $341,249
- Net assets, end of year
- $1,505,947
- Land, buildings and equipment
- $2,725
- Net assets without donor restrictions
- $1,505,947
- Gross receipts
- $12,057,456
- Employees
- 12
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- DC
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR BEN CARSON | CHAIR Trustee or director, Officer | 40 | $381,818 |
| ANDREW HUGHES | CEO Trustee or director, Officer | 40 | $299,302 |
| DREW MCCALL | COO & SECRETARY Officer | 40 | $268,590 |
| MICHAEL BURLEY | CDO Officer | 40 | $255,360 |
| MARIE EVELYN LIM | EMPLOYEE Key employee | 40 | $210,906 |
| IRVING DENNIS | CFO & TREASURER Trustee or director, Officer | 40 | $171,650 |
| LACENA CARSON | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES DEMINT | BOARD MEMBER Trustee or director | 1 | $0 |
| SCOTT TURNER | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIAN JACK | BOARD MEMBER Trustee or director | 1 | $0 |
| KENT HANCE | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT UNANUE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR BEN CARSON | CHAIR Trustee or director, Officer | 40 | $381,818 | $0 |
| ANDREW HUGHES | CEO Trustee or director, Officer | 40 | $289,700 | $2,769 |
| MICHAEL BURLEY | CDO Officer | 40 | $268,000 | $17,999 |
| DREW MCCALL | COO Officer | 40 | $258,000 | $2,539 |
| IRVING DENNIS | CFO Trustee or director | 40 | $224,800 | $0 |
| MARIE EVELYN LIM | EMPLOYEE Highest-paid employee | 40 | $171,923 | $8,112 |
| MICHAEL B WILLIAMS | SECRETARY Officer | 30 | $164,917 | $0 |
| LACENA CARSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES DEMINT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SCOTT TURNER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN JACK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KENT HANCE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT UNANUE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 50 F ST NW STE 530, WASHINGTON, DC 20001-1567
- In care of
- % MICHAEL WILLIAMS
- Principal officer (990 for 2024)
- MARIE EVELYN C LIM, 5815 E 9TH AVE, DENVER, CO 80220
- Signed the 990
- MARIE EVELYN C LIM, EXECUTIVE DIRECTOR
- Phone
- (202) 349-9634
- Return prepared by
- MCCONNELL & JONES LLP
Mission
THE ORGANIZATION DEVELOPS AND DISTRIBUTES POLICY, SOLUTION AND EDUCATIONAL PROGRAMS AND MATERIALS (INCLUDING BOOKS) PROMOTING CONSERVATIVE COMMONSENSE SOLUTIONS TO THE ISSUES FACING OUR SOCIETY.
Program accomplishments
- THE DEVELOPMENT AND DISTRIBUTION OF CHILDREN'S EDUCATIONAL PROGRAMS WHICH INCLUDES BOOKS, CARTOONS AND WEB-BASED LEARNING MATERIALS. THE INSTITUTE IS ALSO DEVELOPING HIGHER-LEVEL EDUCATIONAL MATERIALS TO TEACH STUDENTS ABOUT THE EXECUTIVE BRANCH OF GOVERNMENT. IN ADDITION, THE INSTITUTE DEVELOPS AND DISTRIBUTES EDUCATIONAL VIDEO AND PODCAST MATERIALS AND OP-EDS.Expenses $8,645,761
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-1545903
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B05)
- Assets (IRS master file)
- $1,847,196
- Income (IRS master file)
- $12,057,456
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $12,057,456 | $12,375,071 | $1,847,196 | XML |
| 990 | December 2023 | $11,253,909 | $11,249,077 | $2,337,747 | XML |
| 990 | December 2022 | $8,512,372 | $8,955,894 | $2,414,173 | IRS |
| 990 | December 2021 | – | – | – | 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 86-1545903).
Questions about AMERICAN CORNERSTONE INSTITUTE INC
- What is the EIN of AMERICAN CORNERSTONE INSTITUTE INC?
- The employer identification number (EIN) of AMERICAN CORNERSTONE INSTITUTE INC is 86-1545903.
- Is AMERICAN CORNERSTONE INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to AMERICAN CORNERSTONE INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN CORNERSTONE INSTITUTE 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 AMERICAN CORNERSTONE INSTITUTE INC 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 AMERICAN CORNERSTONE INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AMERICAN CORNERSTONE INSTITUTE INC?
- The 990 for the year ended December 31, 2024 names MARIE EVELYN C LIM.
- Who are the officers and directors of AMERICAN CORNERSTONE INSTITUTE INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 6 received compensation from the organization, the highest $381,818 (DR BEN CARSON, CHAIR).
- How much revenue does AMERICAN CORNERSTONE INSTITUTE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $12,057,456, expenses of $12,375,071 and total assets of $1,847,196 at year end.
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