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Cornerstone University

Public charityFed auditsIRS 990990-T FY2024
DBA: % CONTROLLER
Other · GRAND RAPIDS, MI · EIN 38-1443369

About

The University, including Cornerstone Theological Seminary, Asia Biblical Theological Seminary, and radio ministries, exists to empower men and women to excel as influencers in our world for Christ by offering a student focused learning community where Jesus Christ is central.

In care of Controller

Donations are tax-deductible
Category
Other
Employees
1,148
Volunteers
170

Financial Snapshot

FY ending 2024-05-31
Revenue
$53.6M
Expenses
$55.3M
Assets
$105.2M
Liabilities
$7.5M

Financial history

$63.6M$31.8M$0
18192021222324
RevenueExpenses
Latest FY2024: $53.6M · Peak FY2018: $63.6M · Avg: $56.0M

Foreign activity (Schedule F)

Total spent abroad$103K
Foreign employees1
Foreign offices1
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
South Asia

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$16.2M
CORNERSTONE UNIVERSITY
Your actions

Address

1001 E Beltline AVE NE
Grand Rapids, MI, 49525-580

Governance

Voting board members17
Independent members15
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsYes
Equity-based compNo
Supplemental retirement planNo
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %14.0%
Permanent endowment %86.0%
Endowment held by related orgNo

Fundraising activity (Schedule G)

Uses professional fundraisersYes
Gross fundraising receipts$11K
Net to org-$12K
Retained by contractors$23K
ChannelsMail · Phone · Email · In-person · Grant solicitation
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.