The Cornerstone Foundation in Hghlnds Ranch, Colorado (CO)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Colorado
| The Cornerstone Foundation | |
| Employer Identification Number (EIN) | 042940520 |
| Name of Organization | The Cornerstone Foundation |
| Address | 8475 S Wildcat St, Hghlnds Ranch, CO 80126-2019 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 01/1988 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 10/2012 |
| Assets | $10,000 to $24,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $11,179 |
| Amount of Income | $277,885 |
| Form 990 Revenue Amount | $-2,495 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $84,740 | $1,305 | $1,305 | |
| Contributions, gifts, grants, etc., received | $132,695 | |||
| Interest on savings and temporary cash investments | $19 | |||
| Dividends and interest from securities | $1,286 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $281,022 | $0 | $0 | $281,001 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $21 | $0 | $0 | |
| Contributions, gifts, grants paid | $281,001 | |||
| Excess of revenue over expenses and disbursements | $-196,282 | |||
| Net investment income | $1,305 | |||
| Adjusted net income | $1,305 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $11,179 | $11,179 |
| Cash - non-interest-bearing | $11,179 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $11,179 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-49,260 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $13 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $13 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $128,914 |
| Net value of noncharitable-use assets | $126,980 |
| Minimum investment return | $6,349 |
| Distributable Amount (for 2012) | |
| Distributable amount | $6,336 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $6,336 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Other organizations in Colorado | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Colorado Conservation Trust A Community Foundation For Conservat | 1420 Ogden St 104, Denver, CO 80218-1910 | CO | 2001-07 | $1,185,284 |
| 2 | The Colorado County Treasurers Association | PO BOX 97, Conejos, CO 81129-0097 | CO | 1986-07 | $84,827 |
| 3 | Colorado Enviromental Management Society | PO BOX 2426, Evergreen, CO 80437-2426 | CO | 1991-04 | $54,856 |
| 4 | The Colorado Parent And Child Foundation | 800 N Grant St Ste 200, Denver, CO 80203-2944 | CO | 1991-07 | $1,649,011 |
| 5 | The Columbine High School Academic Foundation | Po Box 620816, Littleton, CO 80162-0816 | CO | 2010-09 | $0 |
| 6 | The Commons Design Review Board Inc | 1110 E 17th Ave, Denver, CO 80218-1523 | CO | 2002-08 | $21,540 |
| 7 | The Community Foundation Serving Greeley And Weld County | 2425 35th Ave Suite 201, Greeley, CO 80634-4171 | CO | 1995-12 | $3,696,954 |
| 8 | The Community Kitchen, The Kitchen | 1259 N Lincoln Ave, Loveland, CO 80537-4848 | CO | 2003-06 | $186,310 |
| 9 | The Connie Burwell White And William W White Foundation | PO BOX 621428, Littleton, CO 80162-1428 | CO | 1985-04 | $1,865,671 |
| 10 | The Cooney Foundation, Cooney Thomas W Ttee | 9117 Ranch River Cir, Hghlnds Ranch, CO 80126-5078 | CO | 1988-08 | $15,658 |
| 11 | The Cornerstone Foundation | 8475 S Wildcat St, Hghlnds Ranch, CO 80126-2019 | CO | 1988-01 | $277,885 |
| 12 | The Dahms-Talton Foundation | 626 E Platte Ave, Fort Morgan, CO 80701-3339 | CO | 2006-08 | $89,630 |
| 13 | The Dale House Project | 7 W Dale St, Colorado Spgs, CO 80903-3209 | CO | 2001-05 | $1,027,278 |
| 14 | The Delta Gamma Anchor Center For Blind Children | 2550 Roslyn St, Denver, CO 80238-3482 | CO | 1983-03 | $2,428,563 |
| 15 | The Denver Architectural Foundation Inc | 303 E 17th Avenue, Denver, CO 80203-1235 | CO | 1991-11 | $111,910 |
| 16 | The Denver Health And Hospitals Foundation | 655 Broadway Ste 750, Denver, CO 80203-3462 | CO | 1988-10 | $7,765,840 |
| 17 | The Denver Joint Industry Promotional Fund | 495 Uinta Way Ste 240, Denver, CO 80230-7198 | CO | 1988-09 | $730,809 |
| 18 | The Diversity Foundation | 6684 Olympus Dr, Evergreen, CO 80439-5344 | CO | 2000-08 | $1,300 |
| 19 | The Doerr Family Foundation | 9 Silver Fox Dr, Greenwood Vlg, CO 80121-2126 | CO | 1987-03 | $92,697 |
| 20 | The Dominic Foundation | 3900 S Wadsworth, Lakewood, CO 80235-2203 | CO | 1995-01 | $85,587 |
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