Civic Intelligence

The Cornerstone Group Foundation

EIN 20-2307008 • 501(c)3 • Minneapolis, MN

Profile

To transform communities through socially responsible philanthropy. The cornerstone group foundation provided philanthropic support for communities which it had business endeavors and/or employee volunteer commitment. The cornerstone group foundation supported non-profit organizations through grants and distributions. The majority of the cornerstone group foundation's philanthropic support was focused on efforts in the area of environmental sustainability. The balance of the support was focused on organizations working to stabilize familes, enrich lives through the arts, culture, and education, and promote social justice.

5324 Oliver Avenue SouthMinneapolis, MN 55419

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2023

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

14th percentile

-49%

Higher net margin than 14% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

502%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$0

Down $10,434 (-100%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$0

Down $10,434 (-100%) from 2022

Revenue

Up

$21,176

Up $17,661 (+502%) from 2022

Expenses

Up

$31,610

Up $31,610 from 2022

Net Income

Down

-$10,434

Down $13,949 (-397%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30K$20K$10K$0Assets 2016: $21,738Liabilities 2016: $0Net Assets 2016: $21,7382016Assets 2017: $874Liabilities 2017: $0Net Assets 2017: $8742017Assets 2018: $874Liabilities 2018: $0Net Assets 2018: $8742018Assets 2019: $870Liabilities 2019: $0Net Assets 2019: $8702019Assets 2020: $866Liabilities 2020: $0Net Assets 2020: $8662020Assets 2021: $6,919Liabilities 2021: $0Net Assets 2021: $6,9192021Assets 2022: $10,434Liabilities 2022: $0Net Assets 2022: $10,4342022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2016: $346,308Expenses 2016: $382,041Net Income 2016: -$35,7332016Revenue 2017: $53,661Expenses 2017: $74,525Net Income 2017: -$20,8642017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $1Expenses 2019: $5Net Income 2019: -$42019Revenue 2020: $1Expenses 2020: $5Net Income 2020: -$42020Revenue 2021: $6,058Expenses 2021: $5Net Income 2021: $6,0532021Revenue 2022: $3,515Expenses 2022: $0Net Income 2022: $3,5152022Revenue 2023: $21,176Expenses 2023: $31,610Net Income 2023: -$10,4342023

Highlighted filing

2023

Revenue$21,176
Expenses$31,610
Net Income-$10,434

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jan 29, 2024
Return Version
2023v4.0
Gross Receipts
$21,176
Mission and Program Overview

Mission

To transform communities through socially responsible philanthropy. The cornerstone group foundation will provide philanthropic support for communities which it has business endeavors and/or employee volunteer commitment. The cornerstone group foundation will support non-profit organizations through grants and distributions. The majority of the cornerstone group foundation's philanthropic support will focus on efforts in the area of environmental sustainability. The balance of the support will focus on organizations working to stabilize familes, enrich lives through the arts, culture, and education, and promote social justice.

To transform communities through socially responsible philanthropy. The cornerstone group foundation provided philanthropic support for communities which it had business endeavors and/or employee volunteer commitment. The cornerstone group foundation supported non-profit organizations through grants and distributions. The majority of the cornerstone group foundation's philanthropic support was focused on efforts in the area of environmental sustainability. The balance of the support was focused on organizations working to stabilize familes, enrich lives through the arts, culture, and education, and promote social justice.

Program Services

DescriptionGrantsExpenses
TRANSFORMED COMMUNITIES THROUGH SOCIALLY RESPONSIBLE PHILANTHROPY.$31,610$31,610
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
COLLEEN CAREYPresident-$0--
LAWRENCE BLACKTreasurer-$0--
PAMELA ENDEANVice Presdient / Secretary-$0--
Filing and Contact Details

Filer

Filer Name
The Cornerstone Group Foundation
EIN
20-2307008
Phone
6524846857
Address
5324 OLIVER AVENUE SOUTH, MINNEAPOLIS, MN 55419

Signing Officer

Name
Colleen Carey
Title
President
Phone
9524846857
Signed
2024-01-29
Discuss with paid preparer
Yes

Preparer

Firm
Mahoney Ulbrich Christiansen & Russ Pa
Address
10 RIVER PARK PLAZA SUITE 800, SAINT PAUL, MN 55107
Preparer
Lucas Roessler
Phone
6512276695
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 51.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: donation. Grantee name: minnesota land trust. Grantee address: 2356 university avenue west, suite 240 saint paul, mn 55114. Grantee relationship: none. Property description: cash. Date of gift: 11/17/23. Amount given: 31,610.

Raw XML Appendix171 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum09524846857
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt05324 OLIVER AVENUE SOUTH
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MINNEAPOLIS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd055419
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt010434
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt00
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IRS990EZ/GrossReceiptsAmt021176
IRS990EZ/InfoInScheduleOPartIIIInd0X
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IRS990EZ/LobbyingActivitiesInd00
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IRS990EZ/NetAssetsOrFundBalancesEOYAmt00
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0COLLEEN CAREY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LAWRENCE BLACK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2PAMELA ENDEAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESDIENT / SECRETARY
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd01
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO TRANSFORM COMMUNITIES THROUGH SOCIALLY RESPONSIBLE PHILANTHROPY. THE CORNERSTONE GROUP FOUNDATION PROVIDED PHILANTHROPIC SUPPORT FOR COMMUNITIES WHICH IT HAD BUSINESS ENDEAVORS AND/OR EMPLOYEE VOLUNTEER COMMITMENT. THE CORNERSTONE GROUP FOUNDATION SUPPORTED NON-PROFIT ORGANIZATIONS THROUGH GRANTS AND DISTRIBUTIONS. THE MAJORITY OF THE CORNERSTONE GROUP FOUNDATION'S PHILANTHROPIC SUPPORT WAS FOCUSED ON EFFORTS IN THE AREA OF ENVIRONMENTAL SUSTAINABILITY. THE BALANCE OF THE SUPPORT WAS FOCUSED ON ORGANIZATIONS WORKING TO STABILIZE FAMILES, ENRICH LIVES THROUGH THE ARTS, CULTURE, AND EDUCATION, AND PROMOTE SOCIAL JUSTICE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TRANSFORMED COMMUNITIES THROUGH SOCIALLY RESPONSIBLE PHILANTHROPY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt031610
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt031610
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MN
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt031610
IRS990EZ/TotalProgramServiceExpensesAmt031610
IRS990EZ/TotalRevenueAmt021176
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt021125
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt06051
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt030676
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt051
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt075
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.22460
IRS990ScheduleA/PublicSupportPY170Pct00.49540
IRS990ScheduleA/PublicSupportTotal170Amt06906
IRS990ScheduleA/SubstantialContributorsTotAmt023770
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt021125
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt06051
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt030676
IRS990ScheduleA/TotalSupportAmt030751
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0DONATION OF CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0MINNESOTA LAND TRUST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02023-11-17
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0411713654
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt031610
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501 (C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0CASH DONATED
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt02356 UNIVERISTY AVENUE WEST SUITE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0SAINT PAUL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0MN
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IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 51.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: DONATION. GRANTEE NAME: MINNESOTA LAND TRUST. GRANTEE ADDRESS: 2356 UNIVERSITY AVENUE WEST, SUITE 240 SAINT PAUL, MN 55114. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: 11/17/23. AMOUNT GIVEN: 31,610.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0COLLEEN CAREY
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ReturnHeader/BusinessOfficerGrp/PhoneNum09524846857
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE CORNERSTONE GROUP FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CORN
ReturnHeader/Filer/EIN0202307008
ReturnHeader/Filer/PhoneNum06524846857
ReturnHeader/Filer/USAddress/AddressLine1Txt05324 OLIVER AVENUE SOUTH
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055419
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411647057
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAHONEY ULBRICH CHRISTIANSEN & RUSS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010 RIVER PARK PLAZA SUITE 800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAINT PAUL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055107
ReturnHeader/PreparerPersonGrp/PhoneNum06512276695
ReturnHeader/PreparerPersonGrp/PreparationDt02024-01-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LUCAS ROESSLER
ReturnHeader/ReturnTs02024-02-03T10:28:34-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0COLLEEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CAREY
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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