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 noncommercial 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.
Other program services
Who funds Cornerstone University
Grants from foundations and other nonprofits
Personnel at Cornerstone University
| Name | Title | Compensation | Date of data |
|---|
| Dave Veneklase | Vice President for Finance , People Development and Chief Financial Officer | | 2024-11-23 |
| George Lake | WCSG Chief Engineer | | 2023-01-24 |
| Scott Stewart | Controller | $127,983 | 2024-10-22 |
| Robert Sack | Vice President of Advancement | $113,110 | 2024-05-31 |
| Emilie Azkoul | Vice President of Human Resources | $111,201 | 2023-05-31 |
| ...and 30 more key personnel |
Financials for Cornerstone University
| Revenues | FYE 05/2024 | FYE 05/2023 | % Change |
|---|
| Total grants, contributions, etc. | $6,011,527 | $6,580,347 | -8.6% |
| Program services | $47,085,224 | $46,579,760 | 1.1% |
| Investment income and dividends | $428,410 | $465,896 | -8% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $226,043 | $131,585 | 71.8% |
| Net gain from sale of non-inventory assets | $-83,046 | $-300,619 | 72.4% |
| Net income from fundraising events | $-28,739 | $-45,773 | 37.2% |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $53,639,419 | $53,411,196 | 0.4% |
Organizations like Cornerstone University
| Organization | Type | Location | Revenue |
|---|
| Charleston Southern University | 501(c)(3) | Charleston, SC | $122,487,793 |
| Grand View University | 501(c)(3) | Des Moines, IA | $63,110,655 |
| Coe College (COE) | 501(c)(3) | Cedar Rapids, IA | $80,028,857 |
| Indiana Wesleyan University (IWU) | 501(c)(3) | Marion, IN | $226,049,056 |
| Hardin-Simmons University (HSU) | 501(c)(3) | Abilene, TX | $82,347,518 |
| Lafayette College | 501(c)(3) | Easton, PA | $258,966,915 |
| Anderson University (AU) | 501(c)(3) | Anderson, SC | $131,165,523 |
| Southern Nazarene University (SNU) | 501(c)(3) | Bethany, OK | $62,857,791 |
| Northwestern Media (UNWSP) | 501(c)(3) | Saint Paul, MN | $124,259,575 |
| Le Moyne College | 501(c)(3) | Syracuse, NY | $148,595,597 |
Data update history
November 26, 2024
Updated personnel
Identified 5 new personnel
November 25, 2024
Posted financials
Added Form 990 for fiscal year 2024
November 24, 2024
Used new vendors
Identified 1 new vendor, including
November 1, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
Education
Characteristics
ReligiousChristianFundraising eventsOperates internationallyReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donationsAccepts online 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) 949-5300
- 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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