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THE CORNERSTONE FOUNDATION

Company Details

Name: THE CORNERSTONE FOUNDATION
Jurisdiction: MISSISSIPPI
Business Type: Non Profit Corporation
Status: Good Standing
Effective Date: 17 Sep 1992 (33 years ago)
Business ID: 591092
ZIP code: 39530
County: Harrison
State of Incorporation: MISSISSIPPI
Principal Office Address: 1196 BEACH BLVDBILOXI, MS 39530

Agent

Name Role Address
JEFFERSON CHASE MCKENNEY Agent 18384 W Lake Dr, Saucier, MS 39574

Incorporator

Name Role Address
JEFFERSON CHASE MCKENNCY M D Incorporator 1196 BEACH BLVD, BILOXI, MS 39530

Filings

Type Status Filed Date Description
Amendment Form Filed 2008-09-17 Amendment
See File Filed 1993-12-29 See File
Name Reservation Form Filed 1992-09-17 Name Reservation

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
64-0819423 Corporation Unconditional Exemption 9032 WOOLMARKET RD, BILOXI, MS, 39532-8152 1994-04
In Care of Name % JEFFERSON CHASE MCKENNEY
Group Exemption Number 0000
Subsection Charitable Organization, Educational Organization, Literary Organization, Organization to Prevent Cruelty to Animals, Organization to Prevent Cruelty to Children, Organization for Public Safety Testing, Religious Organization, Scientific Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Government Instrumentality, Title-Holding Corporation, Charitable Organization, Religious Organization, Agricultural Organization, Board of Trade, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Burial Association, Credit Union, Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Deductibility Contributions are deductible.
Foundation Hospital or medical research organization 170(b)(1)(A)(iii)
Tax Period 2023-12
Asset 1,000,000 to 4,999,999
Income 500,000 to 999,999
Filing Requirement 990 (all other) or 990EZ return
PF Filing Requirement No 990-PF return
Accounting Period Dec
Asset Amount 2315187
Income Amount 792196
Form 990 Revenue Amount 792196
National Taxonomy of Exempt Entities -
Sort Name -

Publication 78 Data

Description Organizations eligible to receive tax-deductible charitable contributions. Users may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List Yes
Deductibility Type of organization and use of contribution: A public charity. Deductibility Limitation: 50% (60% for cash contributions)

Copies of Returns (990, 990-EZ, 990-PF, 990-T)

Organization Name CORNERSTONE FOUNDATION
EIN 64-0819423
Tax Period 202212
Filing Type E
Return Type 990
File View File
Organization Name CORNERSTONE FOUNDATION
EIN 64-0819423
Tax Period 202112
Filing Type E
Return Type 990
File View File
Organization Name CORNERSTONE FOUNDATION
EIN 64-0819423
Tax Period 202012
Filing Type E
Return Type 990
File View File
Organization Name CORNERSTONE FOUNDATION
EIN 64-0819423
Tax Period 201912
Filing Type E
Return Type 990
File View File
Organization Name CORNERSTONE FOUNDATION
EIN 64-0819423
Tax Period 201812
Filing Type E
Return Type 990
File View File
Organization Name CORNERSTONE FOUNDATION
EIN 64-0819423
Tax Period 201712
Filing Type E
Return Type 990
File View File
Organization Name CORNERSTONE FOUNDATION
EIN 64-0819423
Tax Period 201712
Filing Type E
Return Type 990
File View File
Organization Name CORNERSTONE FOUNDATION
EIN 64-0819423
Tax Period 201612
Filing Type E
Return Type 990
File View File
Organization Name CORNERSTONE FOUNDATION
EIN 64-0819423
Tax Period 201512
Filing Type E
Return Type 990
File View File

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
2786437201 2020-04-16 0470 PPP 9032 WOOLMARKET RD, BILOXI, MS, 39532-8152
Loan Status Date 2021-01-16
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 36332
Loan Approval Amount (current) 36332
Undisbursed Amount 0
Franchise Name -
Lender Location ID 39666
Servicing Lender Name Merchants & Marine Bank
Servicing Lender Address 3118 Pascagoula St, PASCAGOULA, MS, 39567-4215
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address BILOXI, HARRISON, MS, 39532-8152
Project Congressional District MS-04
Number of Employees 4
NAICS code 813110
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Non-Profit Organization
Originating Lender ID 39666
Originating Lender Name Merchants & Marine Bank
Originating Lender Address PASCAGOULA, MS
Gender Female Owned
Veteran Unanswered
Forgiveness Amount 36598.43
Forgiveness Paid Date 2021-01-07

Date of last update: 14 Mar 2025

Sources: Mississippi Secretary of State