Cornerstone Foundation Of Clinton County
- Assets
- $462.0k
- Revenue
- $1.7k
- Investments
- $423.6k
- Employees
- 0
- Location
- Wilmington, OH
- Founding
- 10/1999
- Data as of
- 08/2023
- EIN
- 31-1665414
Organization Overview
Cornerstone Foundation Of Clinton County is located in Wilmington, OH. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Foundation Of Clinton County is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Cornerstone Foundation Of Clinton County generated $1.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (42.6%) each year. All expenses for the organization totaled $54.3k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GRANT COMMITTEE MAKES ANNUAL GRANTS TO CHARITIES THAT IMPROVE THE QUALITY OF LIFE IN CLINTON COUNTY, OHIO . THIS YEAR THE GRANT WENT TO WILMINGTON HOPE HOUSE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,414 |
| Dividends & Interest | $24,948 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$24,690 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,672 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,474 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $385 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,284 |
| Contributions, gifts, grants paid | $45,016 |
| Total expenses and disbursements | $54,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,366 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $461,998 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Cornerstone Foundation Of Clinton County has awarded $50,950 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SUGARTREE MINISTRY CENTER PURPOSE: DONATION | $15,000 |
CLINTON COUNTY HOMELESS SHELTER PURPOSE: DONATION | $15,000 |
CLINTON COUNTY HABITAT FOR HUMANITY PURPOSE: DONATION | $10,000 |
CLINTON COUNTY CASA PURPOSE: DONATION | $10,950 |