Nonprofit · EIN 86-2308938
CORNERSTONE GRACE FOUNDATION
Tax-exempt · LA JOLLA, CA 92037
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $79,999 | $49,702 | $30,297 | $197,285 | $0 | $197,285 |
| December 31, 2024 | 990-EZ | $80,000 | $41,952 | $38,048 | $166,988 | $0 | $166,988 |
| December 31, 2023 | 990-EZ | $79,999 | $40,041 | $39,958 | $128,940 | $0 | $128,940 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $80,000
- Program service revenue
- $0
- Investment income
- $0
- Net gain from sales of assets
- -$1
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $49,603
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Other expenses
- $100
Balance sheet and other
- Total assets, start of year
- $166,988
- Total assets, end of year
- $197,285
- Total liabilities, end of year
- $0
- Net assets, end of year
- $197,285
- Cash, savings and investments
- $197,285
- Gross receipts
- $79,999
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Han | President | 2 | $0 |
| Hyungmi Han-Yi | Corporate Secretary | 1 | $0 |
990-EZ for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Han | President | 2 | $0 |
| Hyungmi Han-Yi | Corporate Secretary | 1 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Han | President | 3 | $0 |
| Hyungmi Han-Yi | Secretary | 1 | $0 |
| Josh Lee | Director | 1 | $0 |
| Hu Sang Chon | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 855 LA JOLLA CORONA CT, LA JOLLA, CA 92037-7445
- In care of
- % JOHN HAN
- Mailing address (990-N for 2021)
- 855 La Jolla Corona Ct, La Jolla CA 92037
- Principal officer (990-N for 2021)
- John Han, 855 La Jolla Corona Ct, La Jolla CA 92037
- Signed the 990-EZ
- John Han, President
- Phone
- (000) 000-0000
California records
California keeps its own records of charities and corporations. Search them by EIN 86-2308938 or by the name CORNERSTONE GRACE FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Providing college scholarships to 12 needy students average 3500 per student per year
Program accomplishments
- 0
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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 86-2308938
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- 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 (B82)
- Assets (IRS master file)
- $197,285
- Income (IRS master file)
- $79,999
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $79,999 | $49,702 | $197,285 | XML |
| 990-EZ | December 2024 | $80,000 | $41,952 | $166,988 | XML |
| 990-EZ | December 2023 | $79,999 | $40,041 | $128,940 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: John Han | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 86-2308938).
Questions about CORNERSTONE GRACE FOUNDATION
- What is the EIN of CORNERSTONE GRACE FOUNDATION?
- The employer identification number (EIN) of CORNERSTONE GRACE FOUNDATION is 86-2308938.
- Is CORNERSTONE GRACE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to CORNERSTONE GRACE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE GRACE FOUNDATION 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 GRACE FOUNDATION 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 GRACE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of CORNERSTONE GRACE FOUNDATION?
- The 990-N for 2021 names John Han.
- Who are the officers and directors of CORNERSTONE GRACE FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does CORNERSTONE GRACE FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $79,999, expenses of $49,702 and total assets of $197,285 at year end.
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