EIN 38-2772476

Cornerstone Alliance

Name: Cornerstone Alliance financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Benton Harbor

State

Michigan

Year formed

1988

Most recent tax filings

2022-12-01

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

$3,194,171

2022

Total expenses

$3,537,824

2022

Total assets

$8,999,885

2022

Num. employees

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

Grantmaker	Grantmaker tax period	Description	Amount
Whirlpool Corporation	2022-12	Stratgeic Grant	$2,950,000
Manufacturing Growth Alliance	2023-06	Subcontractor Exp	$742,509
Tides Foundation	2023-12	Equity, Human Rights, and Economic Empowerment	$150,000
...and 10 more grants received

Personnel at Cornerstone Alliance

Name	Title	Compensation	Date of data
Robert Cleveland	President and Chief Executive Officer	$262,776	2022-12-31
Andrew Haan	Vice President , Business Development		2024-11-29
Zach Vaughn	Director , Business Growth		2024-11-03
Brandy Jaquez	Director , Women's Business Center		2024-11-29
Missy Holden	Director , First Choice		2024-11-29
...and 11 more key personnel

Financials for Cornerstone Alliance

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$2,959,369	$1,658,093	78.5%
Program services	$252,882	$215,002	17.6%
Investment income and dividends	$14,095	$12,229	15.3%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$-32,175	$-4,719	-581.8%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$27,680	-100%
Total revenues	$3,194,171	$1,908,285	67.4%

Form 990s for Cornerstone Alliance

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-10-20	990	View PDF
2021-12	2022-11-14	990	View PDF
2020-12	2021-11-15	990	View PDF
2019-12	2021-04-01	990	View PDF
2018-12	2020-01-23	990	View PDF
...and 9 more Form 990s

Organizations like Cornerstone Alliance

Organization	Type	Location	Revenue
East Baltimore Development (EBDI)	501(c)(3)	Baltimore, MD	$8,589,679
Philadelphia Chinatown Development Corporation (PCDC)	501(c)(3)	Philadelphia, PA	$2,537,285
Central Baltimore Partnership	501(c)(3)	Baltimore, MD	$3,232,830
Neighborhood Community Development Fund	501(c)(3)	Pittsburgh, PA	$1,987,923
H Street Community Development Corporation (HSCDC)	501(c)(3)	Washington, DC	$871,328
Uptown Reinvestment Corporation	501(c)(3)	Flint, MI	$3,251,972
Riverworks Development Corporation	501(c)(3)	Milwaukee, WI	$2,491,512
Northfield Community Local Development Corporation of Staten Island	501(c)(3)	Staten Island, NY	$1,898,705
Southwest Michigan First Corporation	501(c)(3)	Kalamazoo, MI	$8,034,787
City of Baltimore Development Corporation (BDC)	501(c)(3)	Baltimore, MD	$6,026,374

Data update history

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

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

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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Cornerstone Alliance

Program areas at Cornerstone Alliance

Who funds Cornerstone Alliance

Personnel at Cornerstone Alliance

Financials for Cornerstone Alliance

Form 990s for Cornerstone Alliance

Organizations like Cornerstone Alliance

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