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Cornerstone Equities Charitable Trust

Organization summary

Type of Nonprofit

Designated as a 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.

Summary charts: organization finances over time

Revenue
$69.2k (2024)

Expenses
$19.3k (2024)

Total Assets
$602k (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2016 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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$69,225
Expenses
$19,292
Net Income
$49,933
Net Assets
$602,393
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $27,000
39.0%
Interest Revenue $10,968
15.8%
Dividends $8,299
12.0%
Sales of Assets $22,958
33.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $12,291
63.7%
Compensation of Officers* $6,838
35.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $602,393
Total Liabilities $0
Net Assets $602,393
Compensation
Key Employees and Officers Compensation Other
Vision Bank Trust Department Vision Bank Trust Department (Trust Office) $6,838 $0
William J Dillon Iii (Director) $0 $0
Victoria Davison (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$39,032
Expenses
$17,524
Net Income
$21,508
Net Assets
$552,460
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $24,600
63.0%
Interest Revenue $9,291
23.8%
Dividends $8,201
21.0%
Sales of Assets -$3,060
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $11,314
64.6%
Compensation of Officers* $6,073
34.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $552,460
Total Liabilities $0
Net Assets $552,460
Compensation
Key Employees and Officers Compensation Other
Vision Bank Trust Department Vision Bank Trust Department (Trust Office) $6,073 $0
William J Dillon Iii (Director) $0 $0
Victoria Davison (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$21,183
Expenses
$15,912
Net Income
$5,271
Net Assets
$530,952
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,000
23.6%
Interest Revenue $9,260
43.7%
Dividends $6,690
31.6%
Sales of Assets $233
1.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,838
61.8%
Compensation of Officers* $6,074
38.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $530,952
Total Liabilities $0
Net Assets $530,952
Compensation
Key Employees and Officers Compensation Other
Vision Bank Trust Department Vision Bank Trust Department (Trust Office) $6,074 $0
William J Dillon Iii (Director) $0 $0
Victoria Davison (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$26,210
Expenses
$15,235
Net Income
$10,975
Net Assets
$525,681
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $8,000
30.5%
Interest Revenue $9,273
35.4%
Dividends $5,964
22.8%
Sales of Assets $2,973
11.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,856
58.1%
Compensation of Officers* $6,265
41.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $525,681
Total Liabilities $0
Net Assets $525,681
Compensation
Key Employees and Officers Compensation Other
Vision Bank Trust Department Vision Bank Trust Department (Trust Office) $6,265 $0
William J Dillon Iii (Director) $0 $0
Victoria Davison (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$99,434
Expenses
$13,679
Net Income
$85,755
Net Assets
$514,705
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $89,000
89.5%
Interest Revenue $9,277
9.3%
Dividends $4,337
4.4%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,284
60.6%
Compensation of Officers* $5,256
38.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $514,706
Total Liabilities $1
Net Assets $514,705
Compensation
Key Employees and Officers Compensation Other
Vision Bank Trust Department Vision Bank Trust Department (Trust Office) $5,256 $0
William J Dillon Iii (Director) $0 $0
Victoria Davison (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$24,503
Expenses
$13,813
Net Income
$10,690
Net Assets
$428,950
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $9,000
36.7%
Interest Revenue $9,242
37.7%
Dividends $4,614
18.8%
Sales of Assets $1,647
6.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,060
65.6%
Compensation of Officers* $4,670
33.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $428,951
Total Liabilities $1
Net Assets $428,950
Compensation
Key Employees and Officers Compensation Other
Vision Bank Trust Department (Trust Office) $4,670 $0
William J Dillon Iii (Director) $0 $0
Victoria Davison (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$22,860
Expenses
$12,559
Net Income
$10,301
Net Assets
$418,261
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $14,000
61.2%
Interest Revenue $8,130
35.6%
Dividends $4,456
19.5%
Sales of Assets -$3,726
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,308
66.2%
Compensation of Officers* $4,251
33.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $418,261
Total Liabilities $0
Net Assets $418,261
Compensation
Key Employees and Officers Compensation Other
Vision Bank Trust Department (Trust Office) $4,251 $0
William J Dillon Iii (Director) $0 $0
Victoria Davison (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,077
Expenses
$8,086
Net Income
$3,991
Net Assets
$407,960
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,000
41.4%
Interest Revenue $4,429
36.7%
Dividends $3,866
32.0%
Sales of Assets -$1,218
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,919
48.5%
Compensation of Officers* $4,167
51.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $407,960
Total Liabilities $0
Net Assets $407,960
Compensation
Key Employees and Officers Compensation Other
Vision Bank Trust Department (Trust Office) $4,167 $0
William J Dillon Iii (Director) $0 $0
Victoria Davison (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$405,001
Expenses
$1,032
Net Income
$403,969
Net Assets
$403,969
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $405,000
100.0%
Interest Revenue $1
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $403,969
Total Liabilities $0
Net Assets $403,969
Compensation
Key Employees and Officers Compensation Other
William J Dillon Iii (Director) $0 $0
Victoria Davison (Director) $0 $0
Vision Bank Trust Department (Trustee) $0 $0

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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