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EIN 38-2772476

Cornerstone Alliance

IRS 501(c) type
501(c)(3)
Num. employees
11
City
Benton Harbor
State
Michigan
Year formed
1988
Most recent tax filings
2023-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Cornerstone Alliance fosters economic development by enhancing employment, attracting investments, and supporting community growth in Michigan's Great Southwest through strategic partnerships.
Total revenues
$4,418,337
2023
20192020202120222023$1m$3m$5m
Total expenses
$4,849,353
2023
20192020202120222023$2m$4m
Total assets
$7,171,886
2023
20192020202120222023$7m$9m$11m
Num. employees
11
2023
2019202020212022202301020

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 CorporationEconocmic Development Grant$1,900,000
Manufacturing Growth AllianceSubcontractor Exp$742,509
Tides FoundationEquity, Human Rights, and Economic Empowerment$150,000
...and 8 more grants received

Personnel at Cornerstone Alliance

NameTitleCompensation
Robert ClevelandPresident and Chief Executive Officer$262,776
Andrew HaanVice President , Business Development
Zach VaughnDirector , Business Growth
Brandy JaquezDirector , Women's Business Center
Missy HoldenDirector , First Choice
...and 11 more key personnel

Financials for Cornerstone Alliance

RevenuesFYE 12/2023
Total grants, contributions, etc.$4,152,850
Program services$208,489
Investment income and dividends$76,425
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-55,246
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$35,819
Total revenues$4,418,337

Form 990s for Cornerstone Alliance

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-10-20990View PDF
2021-122022-11-14990View PDF
2020-122021-11-15990View PDF
2019-122021-04-01990View PDF
...and 10 more Form 990s
Data update history
December 28, 2024
Received grants
Identified 2 new grant, including a grant for $1,900,000 from Whirlpool Corporation
November 30, 2024
Used new vendors
Identified 1 new vendor, including
November 3, 2024
Updated personnel
Identified 5 new personnel
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
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
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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