Program areas at Cornerstone University
Academic instruction and academic support make up the educational expenses. The university has over 270 full- and part-time staff and faculty. We have just under 2000 students on a 120-acre campus and online.
Auxiliaries include room and board, apartment rentals, hospitality and events, and radio ministries. Cornerstone Radio Ministries includes the operations of five non-commercial radio stations WCSG, Grand Rapids with signals also in Kalamazoo, Benton Harbor and Battle Creek. 3,548,831 is included in contribution revenue on Part VIII, Line 1f.
Student services includes campus life and activities including athletics, health counseling services, enrollment services financial aid, etc. Organized activities include summer sports camps, golf outings, special academic and athletic trips, banquets, and other miscellaneous activities.
Who funds Cornerstone University
Grants from foundations and other nonprofits
Personnel at Cornerstone University
| Name | Title | Compensation | Date of data |
|---|
| Scott Stewart | Vice President for Finance and Operations | $126,778 | 2023-10-26 |
| Robert Sack | Vice President of Advancement | $114,725 | 2023-05-31 |
| Emilie Azkoul | Vice President of Human Resources | $111,201 | 2023-05-31 |
| Heidi Cece | Vice President Chief of Staff | $166,056 | 2023-05-31 |
| Lisa Link | Associate Vice President for Enrollment Management | | 2023-01-24 |
| ...and 28 more key personnel |
Financials for Cornerstone University
| Revenues | FYE 05/2023 | FYE 05/2022 | % Change |
|---|
| Total grants, contributions, etc. | $6,580,347 | $12,728,865 | -48.3% |
| Program services | $46,579,760 | $46,483,413 | 0.2% |
| Investment income and dividends | $465,896 | $602,250 | -22.6% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $131,585 | $-3,660 | 3695.2% |
| Net gain from sale of non-inventory assets | $-300,619 | $74,694 | -502.5% |
| Net income from fundraising events | $-45,773 | $-24,552 | -86.4% |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $53,411,196 | $59,861,010 | -10.8% |
Organizations like Cornerstone University
| Organization | Type | Location | Revenue |
|---|
| Coe College (COE) | 501(c)(3) | Cedar Rapids, IA | $91,175,984 |
| Charleston Southern University | 501(c)(3) | Charleston, SC | $118,040,499 |
| Indiana Wesleyan University (IWU) | 501(c)(3) | Marion, IN | $197,828,333 |
| Grand View University | 501(c)(3) | Des Moines, IA | $60,819,063 |
| Northwestern Media (UNWSP) | 501(c)(3) | Saint Paul, MN | $124,304,779 |
| Southern Nazarene University (SNU) | 501(c)(3) | Bethany, OK | $74,735,048 |
| Chaminade University of Honolulu | 501(c)(3) | Honolulu, HI | $78,361,559 |
| Saint Francis University | 501(c)(3) | Loretto, PA | $112,838,960 |
| University of St Francis (USF) | 501(c)(3) | Joliet, IL | $71,715,272 |
| Anderson University (AU) | 501(c)(3) | Anderson, SC | $130,183,026 |
Data update history
January 2, 2024
Received grants
December 4, 2023
Posted financials
Added Form 990 for fiscal year 2023
December 3, 2023
Updated personnel
Identified 7 new personnel
November 27, 2023
Used new vendors
Identified 3 new vendors, including , , and
October 25, 2023
Received grants
Identified 6 new grant, including a grant for $510,000 from Onequest Foundation Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
Education
Characteristics
ReligiousChristianFundraising eventsOperates internationallyReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donations
General information
- Address
- 1001 E Beltline Ne
- Grand Rapids, MI 49525
- Metro area
- Grand Rapids-Kentwood, MI
- County
- Kent County, MI
- Website URL
- cornerstone.edu/Â
- Phone
- (616) 222-1446
- Facebook page
- cornerstoneuniversityÂ
- Twitter profile
- @cornerstoneuÂ
IRS details
- EIN
- 38-1443369
- Fiscal year end
- May
- Taxreturn type
- Form 990
- Year formed
- 1941
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B30: Vocational, Technical Schools
- NAICS code, primary
- 611310: Colleges, Universities, and Professional Schools
- Parent/child status
- Parent of group exemption
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