Corner House Foundation FY2021 filing

Princeton, NJUnknown exempt organizationEIN 22-2359490Revenue $346K in FY2021

On file with the IRScornerhousenj.orgOne Monument Drive · Princeton, NJ

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70¢ of each $1 spent went to programs.
$12K paid to officers and key staff.
Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $18K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$12K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$66K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$346K
-17% vs prior year
Spent
$346K
To programs
70%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$346K
FY2021▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2020$416K
FY2021$346K
FY2022$252K
FY2023$131K
FY2024$81K
FY2025$56K
Expenses
$346K
FY2021▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$298K
FY2021$346K
FY2022$334K
FY2023$105K
FY2024$54K
FY2025Not on file
Net assets
$1.3M
FY2021▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.0M
FY2023$1.2M
FY2024$1.3M
FY2025$0

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $241K Management & general 29% · $99K Fundraising 2% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $12K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director (thru 9/30)
$12,006Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Gary J Deblasio$12,006$15,066

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides direct financial assistance for healthcare services to individuals at a community health agency.

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Provided by the organization

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3 programs · $241K · in their own filed words · FY2021
01

Contributions to Corner House for counseling services to adolescents, young adults and their families.

$200Kprogram expense
02

Program expenditures assisting individuals at the community health agency.

$38Kprogram expense
03

Scholarships to assist students in their education.

$3Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$15K
Grants paid · 3 grants · $600K · 2020–2022
Municipality of PrincetonFY2022$200,000
Municipality of PrincetonFY2021$200,000
Municipality of PrincetonFY2020$200,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$346K
Ln 12
Gifts and grantsLn 1h$255K
Investment incomeLn 3$90K
Other incomeLn 4–11$562
Money outPt IX
$346K
Ln 25
Programscol B$241K
Managementcol C$99K
Fundraisingcol D$6K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$83K
Total assetsLn 16$1.4M
LiabilitiesLn 26$66K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$255K
Fundraising eventsLn 1c$50K
Investment incomeLn 3$90K
Other incomeLn 4–11$562
Gains on assetsLn 7$70K
Total revenueLn 12$346K
Assets in detailPt X, end of year
SavingsLn 2$83K
Cash and savings togetherLn 1–2$83K
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.4M
LiabilitiesLn 26$66K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 52
VolunteersI 616
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$32K$83K
InvestmentsLn 11–13$1.2M$1.3M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.2M$1.4M
LiabilitiesLn 26$5K$66K
Net assetsLn 32$1.2M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$200K$200K
Grants to domestic individualsLn 2$3K$3K
Pay of current officers, directors and key staffLn 5$12K$12K
Other salaries and wagesLn 7$11K$11K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$21K$21K
Investment management feesLn 11f$12K$12K
Other fees for servicesLn 11g$350$350
Office expensesLn 13$8K$8K$20
Information technologyLn 14$8K$8K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$55K$37K$13K$5K
All other expensesLn 24e$8K$2K$5K$1K
Total functional expensesLn 25$346K$241K$99K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $56K$0 990 PDF
FY2024 $81K$54K$27K$1.3M 990 PDF
FY2023 $131K$105K$26K$1.2M 990 PDF
FY2022 $252K$334K−$82K$1.0M 990 PDF
FY2021 Viewing $346K$346K$273$1.3M 990 PDF
FY2020 $416K$298K$118K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $345,930 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $340,748$255,120
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $74,450$90,248
I-11 Other revenuePrior year $386$562
I-12 Total revenuePrior year $415,584$345,930
I-13 Grants and similar amounts paidPrior year $205,000$203,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $28,591$25,571
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $64,427$117,086
I-18 Total expensesPrior year $298,018$345,657
I-19 Revenue less expensesPrior year $117,566$273
Part VI · Governance 16 of 16 board members independent, 2 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $345,930 across 8 lines filed
VIII-1c Fundraising events$49,662
VIII-1f All other contributions, gifts and grants$205,458
VIII-1h Total contributions, gifts and grants$255,120
VIII-3 Investment incomeExcluded from tax $19,838$19,838
VIII-7 Net gain or loss on sales of assetsExcluded from tax $70,410$70,410
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $562$562
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $90,810$345,930
Part IX · Statement of functional expenses $345,657 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $200,000$200,000
IX-2 Grants to domestic individualsPrograms $3,000$3,000
IX-5 Pay of current officers, directors and key staffManagement $12,006$12,006
IX-7 Other salaries and wagesManagement $10,680$10,680
IX-10 Payroll taxesManagement $2,885$2,885
IX-11c Accounting feesManagement $21,085$21,085
IX-11f Investment management feesManagement $12,063$12,063
IX-11g Other fees for servicesManagement $350$350
IX-13 Office expensesManagement $8,036 · Fundraising $20$8,056
IX-14 Information technologyManagement $7,704$7,704
IX-19 Conferences, conventions and meetingsManagement $2,435$2,435
IX-23 InsuranceManagement $3,288$3,288
IX-24 Other expenses (24a–d)Programs $36,570 · Management $13,461 · Fundraising $4,535$54,566
IX-24e All other expensesPrograms $1,843 · Management $4,671 · Fundraising $1,025$7,539
IX-25 Total functional expensesPrograms $241,413 · Management $98,664 · Fundraising $5,580$345,657
Part X · Balance sheet $1,392,337 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $31,674$82,970
X-3 Pledges and grants receivableStart of year $44,650$35,000
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $379,450$326,021
X-12 Other securitiesStart of year $793,131$948,346
X-16 Total assetsStart of year $1,248,905$1,392,337
X-17 Accounts payable and accrued expensesStart of year $5,499$66,423
X-26 Total liabilitiesStart of year $5,499$66,423
X-27 Net assets without donor restrictionsStart of year −$7,545−$43,149
X-28 Net assets with donor restrictionsStart of year $1,250,951$1,369,063
X-32 Total net assets or fund balancesStart of year $1,243,406$1,325,914
X-33 Total liabilities and net assetsStart of year $1,248,905$1,392,337
Part XI · Reconciliation of net assets $1,325,914 net assets at year end
XI-1 Total revenue$345,930
XI-2 Total expenses$345,657
XI-3 Revenue less expenses$273
XI-4 Net assets at start of year$1,243,406
XI-5 Net unrealized gains (losses) on investments$82,235
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,325,914

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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