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EIN 38-2772476

Cornerstone Alliance

IRS 501(c) type
501(c)(3)
Num. employees
12
City
Benton Harbor
State
Michigan
Year formed
1988
Most recent tax filings
2022-12-01
NTEE code, primary
S30: Economic Development
Description
Cornerstone Alliance is an economic development organization based in Benton Harbor, Michigan that is engaged in activities to improve the economic performance of Michigan's great southwest. The 2018-2020 strategic plan is focused on five initiatives: generating leads and new businesses; retaining, expanding and supporting existing businesses; promoting entrepreneurship and startup companies; growing talent; and improving the perception of the region.
Total revenues
$3,194,171
2022
Total expenses
$3,537,824
2022
Total assets
$8,999,885
2022
Num. employees
12
2022

Program areas at Cornerstone Alliance

Cornerstone Alliance is an economic development organization (edo) engaged in activities to improve the economic performance of Michigan's great southwest. The 2022-2024 strategic plan is focused on four initiatives: economic growth, physical development, community leadership and organizational development.

Who funds Cornerstone Alliance

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Whirlpool CorporationStratgeic Grant$2,950,000
Manufacturing Growth AllianceSubcontractor Exp$742,509
Degroot Family FoundationContinued Economic Support$75,000
...and 9 more grants received

Personnel at Cornerstone Alliance

NameTitleCompensation
Robert ClevelandPresident and Chief Executive Officer$262,776
Christina FrankVice President of Extrnal Affairs$128,083
Rob ClevelandPresident
Michael TodmanVice Chair$0
Bryan von DorpowskiTreasurer$0
...and 5 more key personnel

Financials for Cornerstone Alliance

RevenuesFYE 12/2022
Total grants, contributions, etc.$2,959,369
Program services$252,882
Investment income and dividends$14,095
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-32,175
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,194,171

Form 990s for Cornerstone Alliance

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-20990View PDF
2021-122022-11-14990View PDF
2020-122021-11-15990View PDF
2019-122021-04-01990View PDF
2018-122020-01-23990View PDF
...and 9 more Form 990s
Data update history
September 21, 2024
Received grants
Identified 7 new grant, including a grant for $742,509 from Manufacturing Growth Alliance
May 18, 2024
Received grants
Identified 3 new grant, including a grant for $23,500 from Berrien Community Foundation
December 28, 2023
Received grants
Identified 2 new grant, including a grant for $2,950,000 from Whirlpool Corporation
December 3, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 2, 2023
Updated personnel
Identified 10 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Partially liquidatedState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
80 W Main St
Benton Harbor, MI 49022
Metro area
Niles, MI
County
Berrien County, MI
Website URL
cstonealliance.org/ 
Phone
(269) 925-6100
IRS details
EIN
38-2772476
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1988
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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