Cornerstone Legacy Foundation

Irvine, CA
Tax-exempt since Oct. 2004
EIN: 20-0470994

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$124k (2024)

Expenses

$405k (2024)

Total Assets

$785k (2024)

Total Liabilities

$6k (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$123,732

Expenses

$405,270

Net Income

-$281,538

Net Assets

$778,663

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$55,000	44.5%
Interest Revenue	$55	0.0%
Dividends	$19,688	15.9%
Sales of Assets	$50,014	40.4%
Other Income	-$1,025

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$401,640	99.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$784,663
Total Liabilities	$6,000
Net Assets	$778,663

Compensation

Key Employees and Officers	Compensation	Other
Gerald Pharris (Ceo)	$0	$0
Lynn Pharris (Secretary / Cfo)	$0	$0
Catherine Anderson (Director)	$0	$0
Brian Pharris (Director)	$0	$0
Jonathan Pharris (Director)	$0	$0

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990-PF

Filed on Nov. 13, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$199,719

Expenses

$1,733,434

Net Income

-$1,533,715

Net Assets

$945,160

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$150,000	75.1%
Interest Revenue	$181	0.1%
Dividends	$51,730	25.9%
Sales of Assets	$0
Other Income	-$2,192

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,729,866	99.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$945,160
Total Liabilities	$0
Net Assets	$945,160

Compensation

Key Employees and Officers	Compensation	Other
Gerald Pharris (Ceo)	$0	$0
Lynn Pharris (Secretary / Cfo)	$0	$0
Catherine Anderson (Director)	$0	$0
Brian Pharris (Director)	$0	$0
Jonathan Pharris (Director)	$0	$0

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990-PF

Filed on Nov. 7, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$46,487

Expenses

$804,908

Net Income

-$758,421

Net Assets

$2,329,636

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$102	0.2%
Dividends	$17,423	37.5%
Sales of Assets	$18,589	40.0%
Other Income	$10,373	22.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$802,338	99.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,329,636
Total Liabilities	$0
Net Assets	$2,329,636

Compensation

Key Employees and Officers	Compensation	Other
Gerald Pharris (Ceo)	$0	$0
Lynn Pharris (Secretary / Cfo)	$0	$0
Catherine Anderson (Director)	$0	$0
Brian Pharris (Director)	$0	$0
Jonathan Pharris (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$97,679

Expenses

$437,589

Net Income

-$339,910

Net Assets

$3,247,379

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$980	1.0%
Dividends	$6,020	6.2%
Sales of Assets	-$32,105
Other Income	$122,784	> 100%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$425,275	97.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,247,379
Total Liabilities	$0
Net Assets	$3,247,379

Compensation

Key Employees and Officers	Compensation	Other
Gerald Pharris (Ceo)	$0	$0
Lynn Pharris (Secretary / Cfo)	$0	$0
Catherine Anderson (Director)	$0	$0
Brian Pharris (Director)	$0	$0
Jonathan Pharris (Director)	$0	$0

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990-PF

Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$699,132

Expenses

$844,774

Net Income

-$145,642

Net Assets

$3,502,179

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$530,000	75.8%
Interest Revenue	$2,840	0.4%
Dividends	$17,654	2.5%
Sales of Assets	$43,203	6.2%
Other Income	$105,435	15.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$810,373	95.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,502,180
Total Liabilities	$1
Net Assets	$3,502,179

Compensation

Key Employees and Officers	Compensation	Other
Gerald Pharris (Ceo)	$0	$0
Lynn Pharris (Secretary / Cfo)	$0	$0
Catherine Anderson (Director)	$0	$0
Brian Pharris (Director)	$0	$0
Jonathan Pharris (Director)	$0	$0

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990-PF

Filed on Nov. 16, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$844,004

Expenses

$801,659

Net Income

$42,345

Net Assets

$3,760,186

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$739,477	87.6%
Interest Revenue	$1,957	0.2%
Dividends	$61,113	7.2%
Sales of Assets	$11,516	1.4%
Other Income	$29,941	3.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$766,843	95.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,760,187
Total Liabilities	$1
Net Assets	$3,760,186

Compensation

Key Employees and Officers	Compensation	Other
Gerald Pharris (Ceo)	$0	$0
Lynn Pharris (Secretary / Cfo)	$0	$0
Catherine Anderson (Director)	$0	$0
Brian Pharris (Director)	$0	$0
Jonathan Pharris (Director)	$0	$0

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990-PF

Filed on Nov. 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$556,309

Expenses

$323,243

Net Income

$233,066

Net Assets

$1,092,672

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$348,142	62.6%
Interest Revenue	$5,762	1.0%
Dividends	$11,209	2.0%
Sales of Assets	$75,885	13.6%
Other Income	$115,311	20.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$298,518	92.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,092,672
Total Liabilities	$0
Net Assets	$1,092,672

Compensation

Key Employees and Officers	Compensation	Other
Gerald Pharris (Ceo)	$0	$0
Lynn Pharris (Secretary / Cfo)	$0	$0
Catherine Anderson (Director)	$0	$0
Brian Pharris (Director)	$0	$0
Jonathan Pharris (Director)	$0	$0

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990-PF

Filed on Nov. 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$108,681

Expenses

$145,716

Net Income

-$37,035

Net Assets

$833,326

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$52,500	48.3%
Interest Revenue	$4,158	3.8%
Dividends	$17,900	16.5%
Sales of Assets	$11,041	10.2%
Other Income	$23,082	21.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$135,112	92.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$840,156
Total Liabilities	$6,830
Net Assets	$833,326

Compensation

Key Employees and Officers	Compensation	Other
Gerald Pharris (Ceo)	$0	$0
Lynn Pharris (Secretary/Cfo)	$0	$0
Catherine Anderson (Director)	$0	$0
Brian Pharris (Director)	$0	$0
Jonathan Pharris (Director)	$0	$0

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990-PF

Filed on Nov. 13, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$92,998

Expenses

$172,766

Net Income

-$79,768

Net Assets

$919,637

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$96,050	> 100%
Interest Revenue	$5,237	5.6%
Dividends	$15,019	16.1%
Sales of Assets	-$7,120
Other Income	-$16,188

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$161,180	93.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$924,598
Total Liabilities	$4,961
Net Assets	$919,637

Compensation

Key Employees and Officers	Compensation	Other
Gerald Pharris (Ceo)	$0	$0
Lynn Pharris (Secretary/Cfo)	$0	$0
Catherine Anderson (Director)	$0	$0
Brian Pharris (Director)	$0	$0
Jonathan Pharris (Director)	$0	$0

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990-PF

Filed on Nov. 10, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$125,729

Expenses

$221,582

Net Income

-$95,853

Net Assets

$996,029

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$35,400	28.2%
Interest Revenue	$5,618	4.5%
Dividends	$15,188	12.1%
Sales of Assets	$9,501	7.6%
Other Income	$60,022	47.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$210,763	95.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$996,029
Total Liabilities	$0
Net Assets	$996,029

Compensation

Key Employees and Officers	Compensation	Other
Gerald Pharris (Ceo)	$0	$0
Lynn Pharris (Secretary/Cfo)	$0	$0
Catherine Anderson (Director)	$0	$0
Brian Pharris (Director)	$0	$0
Jonathan Pharris (Director)	$0	$0

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990-PF

Filed on Nov. 16, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$181,531

Expenses

$131,073

Net Income

$50,458

Net Assets

$1,149,883

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$117,547	64.8%
Interest Revenue	$6,229	3.4%
Dividends	$16,641	9.2%
Sales of Assets	$8,164	4.5%
Other Income	$32,950	18.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$120,528	92.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,149,883
Total Liabilities	$0
Net Assets	$1,149,883

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

-$271,129

Expenses

$82,917

Net Income

-$354,046

Net Assets

$1,160,564

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$13,211
Interest Revenue	$6,194
Dividends	$18,282
Sales of Assets	$645
Other Income	-$309,461

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$73,391	88.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,160,564
Total Liabilities	$0
Net Assets	$1,160,564

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$82,403

Expenses

$91,168

Net Income

-$8,765

Net Assets

$1,162,368

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6,366	7.7%
Dividends	$28,024	34.0%
Sales of Assets	$207,732	> 100%
Other Income	-$159,719

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$82,708	90.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,162,368
Total Liabilities	$0
Net Assets	$1,162,368

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Cornerstone Legacy Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $124k (2024)

Expenses $405k (2024)

Total Assets $785k (2024)

Total Liabilities $6k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Revenue

$124k (2024)

Expenses

$405k (2024)

Total Assets

$785k (2024)

Total Liabilities

$6k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003