Cornerstone Grace Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 862308938 ✦ La jolla, CA ✦ Designated as a 501(c)(3)

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Overview

What is Cornerstone Grace Foundation?

The Cornerstone Grace Foundation is a nonprofit organization that extends financial aid to financially struggling college students, enabling them to pursue their higher education. The foundation accomplishes this by granting scholarships to four deserving individuals. This philanthropic initiative aims to support the educational aspirations of those in need, thereby contributing to their future success and personal growth.

Is Cornerstone Grace Foundation legitimate?

Cornerstone Grace Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Grace Foundation submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of Cornerstone Grace Foundation?

The Cornerstone Grace Foundation's mission is centered around providing scholarship opportunities for financially struggling college students. This organization aims to support four deserving individuals annually, enabling them to pursue higher education. The foundation's mission is about empowering these students, thereby contributing to their personal growth and potential future success.

Who is the CEO of Cornerstone Grace Foundation?

John Han is the President of Cornerstone Grace Foundation.

What is the revenue of Cornerstone Grace Foundation?

Cornerstone Grace Foundation's revenue in 2022 was $80,000.

Who are the executives of Cornerstone Grace Foundation and what are their salaries?


Here are 4 key members and their salaries:


John Han (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hyungmi Han-Yi (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hu Sang Chon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Cornerstone Grace Foundation?

Cornerstone Grace Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Cornerstone Grace Foundation

The Cornerstone Grace Foundation, a nonprofit organization, is committed to providing scholarship opportunities for financially disadvantaged college students who aspire to further their education. Their mission is to recognize and support four deserving individuals by granting them scholarship awards. By doing so, the foundation aims to contribute to their academic pursuits and help them overcome financial barriers, ultimately fostering their personal growth and future success.

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Impact




August, 2024

The impact of Cornerstone Grace Foundation is evident through its provision of scholarship opportunities for needy college students to pursue higher education. By offering scholarship awards to four deserving individuals, the foundation helps these students access the education they need to reach their academic and career goals. This support ultimately contributes to the empowerment and advancement of individuals who may not have been able to afford a college education otherwise.




This information is meant to be a general summary of Cornerstone Grace Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$80,000 (2022)
Expenses
$33,100 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $80,000

Assets and Liabilities:

  • Total Assets: $88,982
  • Total Liabilities: $0
  • Net Assets: $88,982

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Organization Details

Principal Officer

John Han

Main Address

855 La Jolla Corona Ct, La Jolla, CA, 920377445

NTEE Category

Code: B82 - Education

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