EIN 46-4405437

Cornerstone Public Asset Fund

IRS 501(c) type
501(c)(3)
Num. employees
107
Year formed
2013
Most recent tax filings
2022-12-01
Description
Cornerstone Public Asset Fund, Inc. is engaged in the development and implementation of economic growth in partnership with local communities and municipalities. It operates as a supporting organization to Cornerstone alliance, a Public charity.
Total revenues
$6,344,021
2022
Total expenses
$5,590,561
2022
Total assets
$25,339,428
2022
Num. employees
107
2022

Program areas at Cornerstone Public Asset Fund

Michigan's great southwest strategic leadership council: the role of the council is to bring leaders from business, government, nonprofit, and education together to work collaboratively to achieve the mission of the council. Leaders are based locally in berrien county, mi and are all volunteer participants.
Whirlpool corporation community charity golf event: the whirlpool community charity golf event (wccge) is conducted each summer. Over the past 19 years, the wccge has raised over $28 million to support area youth in the community. The fundraising from the wccge has enabled the expansion and growth of local organizations, and the money raised helps around 10,000 youth a year. These organizations include the boys & girls clubs of greater southwest Michigan, first tee of benton harbor and the local Public school foundations of benton harbor, lakeshore and st. joseph as well as other youth programs and organizations.

Grants made by Cornerstone Public Asset Fund

GranteeGrant descriptionAmount
Boys and Girls Clubs of Benton HarborGeneral Support$1,000,000
Lakeshore Excellence FoundationGeneral Support$250,000
St Joseph Public Schools FoundationGeneral Support$250,000
...and 5 more grants made

Who funds Cornerstone Public Asset Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Whirlpool CorporationStratgeic Grant$15,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$9,500

Personnel at Cornerstone Public Asset Fund

NameTitleCompensation
Josh DoxtatorGeneral Manager$167,042
Christopher J CookPresident$0
Deb O'ConnorVice President$0
John CameronSecretary$0
Jeff GilbertsonVice President$0
...and 3 more key personnel

Financials for Cornerstone Public Asset Fund

RevenuesFYE 12/2022
Total grants, contributions, etc.$4,517,394
Program services$2,602,924
Investment income and dividends$5,474
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$23,049
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-1,260,720
Net income from gaming activities$0
Net income from sales of inventory$451,043
Miscellaneous revenues$4,857
Total revenues$6,344,021

Form 990s for Cornerstone Public Asset Fund

Fiscal year endingDate received by IRSFormPDF link
2022-122023-08-24990View PDF
2021-122023-01-12990View PDF
2020-122021-08-10990View PDF
2019-122021-02-22990View PDF
2018-122020-01-15990View PDF
...and 5 more Form 990s
Data update history
December 28, 2023
Received grants
Identified 1 new grant, including a grant for $15,000 from Whirlpool Corporation
October 2, 2023
Updated personnel
Identified 3 new personnel
October 1, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 1, 2023
Updated personnel
Identified 1 new personnel
September 25, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Business and community development organizationsReal estate organizationsHeadquarter / parent organizationsCharities
Issues
Land and water conservationEnvironmentCommunity improvementEconomic development
Characteristics
Partially liquidatedFundraising eventsFundraising races, competitions, and tournamentsTax deductible donations
General information
Address
80 W Main St
Benton Harbor, MI 49022
Metro area
Niles, MI
County
Berrien County, MI
Phone
(269) 925-6100
IRS details
EIN
46-4405437
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2013
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
5313: Real Estate Services
Parent/child status
Central organization
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