CORNERSTONE UNIVERSITY: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- CORNERSTONE UNIVERSITY (EIN 38-1443369)
- Tax period
- 2022-06-01 to 2023-05-31
- Filed
- 2023-10-05
- IRS object ID
- 202342849349300204
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-10-05T04:43:07-00:00 | ReturnTs |
| Tax Period End | 2023-05-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 381443369 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Cornerstone University | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CORN | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 E Beltline NE | AddressLine1Txt |
| City | Grand Rapids | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49525 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Scott Stewart | PersonNm |
| Person Title | VP for FinanceCFO | PersonTitleTxt |
| Phone | 6162221446 | PhoneNum |
| Signature | 2023-10-03 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Scott | PersonFirstNm |
| Person Last | Stewart | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Gerson Moreno-Riano | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 E Beltline Ave NE | AddressLine1Txt |
| City | Grand Rapids | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49525 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $55,397,515 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.cornerstone.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1941 | FormationYr |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Activity Or Mission | Cornerstone University 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 19 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 18 | VotingMembersIndependentCnt |
| Total Employee | 1235 | TotalEmployeeCnt |
| Total Volunteers | 170 | TotalVolunteersCnt |
| Total Gross UBI | $85,294 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $12,148 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $12,728,865 | PYContributionsGrantsAmt |
| CY Contributions Grants | $6,580,347 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $46,483,413 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $46,579,760 | CYProgramServiceRevenueAmt |
| PY Investment Income | $676,944 | PYInvestmentIncomeAmt |
| CY Investment Income | $165,277 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$28,212 | PYOtherRevenueAmt |
| CY Other Revenue | $85,812 | CYOtherRevenueAmt |
| PY Total Revenue | $59,861,010 | PYTotalRevenueAmt |
| CY Total Revenue | $53,411,196 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $17,810,613 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $15,916,380 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $22,433,027 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $22,032,691 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $95,235 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $17,994 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,635,946 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $15,858,027 | PYOtherExpensesAmt |
| CY Other Expenses | $15,395,882 | CYOtherExpensesAmt |
| PY Total Expenses | $56,196,902 | PYTotalExpensesAmt |
| CY Total Expenses | $53,362,947 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,664,108 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $48,249 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $108,326,203 | TotalAssetsBOYAmt |
| Total Assets EOY | $104,686,388 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $10,142,732 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $6,919,386 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $98,183,471 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $97,767,002 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $28,072,891 | ExpenseAmt |
| Grant | $15,916,380 | GrantAmt |
| Revenue | $37,839,077 | RevenueAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $9,430,761 | ExpenseAmt |
| Revenue | $387,637 | RevenueAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $6,513,762 | ExpenseAmt |
| Revenue | $7,833,385 | RevenueAmt |
| Desc | Auxiliaries include room and board, apartment rentals, hospitality and events, and radio ministries. Cornerstone Radio Ministries includes the operations of five non-commercial 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. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Revenue | $565,952 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $44,017,414 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (true) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | Yes (true) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (true) | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 2359 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 1235 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | TH | ForeignCountryCd |
| Foreign Country | SN | ForeignCountryCd |
| Foreign Country | RP | ForeignCountryCd |
| Foreign Country | HK | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Excs Tax Sect4951 Or4952 Or4953 | false | ExcsTaxSect4951Or4952Or4953Ind |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 19 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 18 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Scott Stewart VP CFO Cornerstone Un | PersonNm |
| Phone | 6169495300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 E Beltline NE | AddressLine1Txt |
| City | Grand Rapids | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49525 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Dr Gerson Moreno-Riano | ||||||||
| President | 050.00 | 000.25 | Yes (X) | Yes (X) | $332,681 | $0 | $25,213 | |
| Heidi Cece | ||||||||
| VP Chief of Staff | 050.00 | 000.25 | Yes (X) | $166,056 | $0 | $8,207 | ||
| John VerBerkmoes | ||||||||
| Exec Dir of Accreditation | 050.00 | 000.25 | $131,165 | $0 | $15,536 | Yes (X) | ||
| Scott Stewart | ||||||||
| VP CFO | 050.00 | 000.25 | Yes (X) | $126,778 | $0 | $15,252 | ||
| Robert Sack | ||||||||
| VP of Advancement | 050.00 | 000.25 | $114,725 | $0 | $16,754 | Yes (X) | ||
| Emilie Azkoul | ||||||||
| VP of HR | 050.00 | 000.25 | Yes (X) | $111,201 | $0 | $19,469 | ||
| Jonathan Marko | ||||||||
| Associate Vice President for Academics | 050.00 | 000.25 | $110,166 | $0 | $4,175 | Yes (X) | ||
| Maria McCormick | ||||||||
| Nursing Faculty | 050.00 | 000.25 | $112,686 | $0 | $978 | Yes (X) | ||
| Nicole Mcdonald | ||||||||
| Psycology Faculty | 050.00 | 000.25 | $103,468 | $0 | $2,802 | Yes (X) | ||
| Bradford Sample | ||||||||
| VP for Academics | 050.00 | 000.25 | Yes (X) | $72,486 | $0 | $785 | ||
| Carole Bos | ||||||||
| Trustee, Chair | 001.00 | 000.25 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Steven Hawks | ||||||||
| Trustee, Treasurer | 001.00 | 000.25 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Dr Albert Meredith | ||||||||
| Trustee | 001.00 | 000.25 | Yes (X) | $0 | $0 | $0 | ||
| David Pray | ||||||||
| Trustee | 001.00 | 000.25 | Yes (X) | $0 | $0 | $0 | ||
| Kelly Miller | ||||||||
| Trustee | 001.00 | 000.25 | Yes (X) | $0 | $0 | $0 | ||
| Doug Busch | ||||||||
| Trustee | 001.00 | 000.25 | Yes (X) | $0 | $0 | $0 | ||
| Dr Lee Zuidema | ||||||||
| Trustee, Secretary | 001.00 | 000.25 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Rick Koole | ||||||||
| Trustee | 001.00 | 000.25 | Yes (X) | $0 | $0 | $0 | ||
| Lori Cook | ||||||||
| Trustee - Vice Chair | 001.00 | 000.25 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Drew Martin | ||||||||
| Trustee | 001.00 | 000.25 | Yes (X) | $0 | $0 | $0 | ||
| Lee June | ||||||||
| Trustee | 001.00 | 000.25 | Yes (X) | $0 | $0 | $0 | ||
| Daniel Wielhouwer | ||||||||
| Trustee | 001.00 | 000.25 | Yes (X) | $0 | $0 | $0 | ||
| Julian Guzman | ||||||||
| Trustee | 001.00 | 000.25 | Yes (X) | $0 | $0 | $0 | ||
| Mark Campbell | ||||||||
| Trustee | 001.00 | 000.25 | Yes (X) | $0 | $0 | $0 | ||
| Nathan Vriesman | ||||||||
| Trustee | 001.00 | 000.25 | Yes (X) | $0 | $0 | $0 | ||
| David Bernd | ||||||||
| Trustee | 001.00 | 000.25 | Yes (X) | $0 | $0 | $0 | ||
| Jeff Baker | ||||||||
| Trustee | 001.00 | 000.25 | Yes (X) | $0 | $0 | $0 | ||
| Patrina Mosley | ||||||||
| Trustee | 001.00 | 000.25 | Yes (X) | $0 | $0 | $0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,381,412 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $109,171 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 9 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Gordon Food Service | |||||
| PO Box 88029 | Chicago | IL | 606801029 | Food supplier | $1,001,856 |
| The Christman Company | |||||
| 208 N Capitol Ave | Lansing | MI | 48933 | Construction contractor | $760,751 |
| Google Inc | |||||
| 1600 Amphitheatre Pkwy | Mountain View | CA | 94043 | Advertising | $535,616 |
| Slingshot LP | |||||
| 1500 S Western Ave | Marion | IN | 46953 | Book/Mail service | $845,020 |
| Michigan Software Labs | |||||
| 7471 River St SE | Ada | MI | 49301 | Software | $324,071 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 27 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $216,907 | FundraisingAmt |
| Related Organizations | $106,601 | RelatedOrganizationsAmt |
| Government Grants | $236,496 | GovernmentGrantsAmt |
| All Other Contributions | $6,020,343 | AllOtherContributionsAmt |
| Noncash Contributions | $217,400 | NoncashContributionsAmt |
| Total Contributions | $6,580,347 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Tuition fee revenue | 611710 | $37,839,077 | $37,839,077 |
| Organized activity revenue | 611710 | $480,386 | $480,386 |
| Auxiliary revenue | 611710 | $7,694,345 | $7,694,345 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $565,952 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $565,952 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $46,579,760 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $465,896 | TotalRevenueColumnAmt |
| Exclusion | $465,896 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $223,248 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $91,663 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $131,585 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $131,585 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $46,291 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $85,294 | UnrelatedBusinessRevenueAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,536,017 | SecuritiesAmt |
| Other | -$2,175 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,834,461 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$298,444 | SecuritiesAmt |
| Other | -$2,175 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$300,619 | TotalRevenueColumnAmt |
| Exclusion | -$300,619 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $14,422 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $216,907 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $60,195 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$45,773 | TotalRevenueColumnAmt |
| Exclusion | -$45,773 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $53,411,196 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $46,626,051 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $85,294 | UnrelatedBusinessRevenueAmt |
| Exclusion | $119,504 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,916,380 | TotalAmt |
| Program Services | $15,916,380 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,009,606 | TotalAmt |
| Program Services | $247,534 | ProgramServicesAmt |
| Management And General | $487,307 | ManagementAndGeneralAmt |
| Fundraising | $274,765 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,418,199 | TotalAmt |
| Program Services | $13,543,625 | ProgramServicesAmt |
| Management And General | $2,113,470 | ManagementAndGeneralAmt |
| Fundraising | $761,104 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $692,924 | TotalAmt |
| Program Services | $535,954 | ProgramServicesAmt |
| Management And General | $111,592 | ManagementAndGeneralAmt |
| Fundraising | $45,378 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,737,115 | TotalAmt |
| Program Services | $1,604,200 | ProgramServicesAmt |
| Management And General | $1,023,789 | ManagementAndGeneralAmt |
| Fundraising | $109,126 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,174,847 | TotalAmt |
| Program Services | $946,339 | ProgramServicesAmt |
| Management And General | $162,981 | ManagementAndGeneralAmt |
| Fundraising | $65,527 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $140,106 | TotalAmt |
| Program Services | $5,575 | ProgramServicesAmt |
| Management And General | $134,531 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,450 | TotalAmt |
| Management And General | $52,450 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,994 | TotalAmt |
| Fundraising | $17,994 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $109,999 | TotalAmt |
| Management And General | $109,999 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $766,549 | TotalAmt |
| Program Services | $727,154 | ProgramServicesAmt |
| Management And General | $1,408 | ManagementAndGeneralAmt |
| Fundraising | $37,987 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,168,400 | TotalAmt |
| Program Services | $4,865,397 | ProgramServicesAmt |
| Management And General | $1,049,456 | ManagementAndGeneralAmt |
| Fundraising | $253,547 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,757,599 | TotalAmt |
| Program Services | $130,629 | ProgramServicesAmt |
| Management And General | $1,624,041 | ManagementAndGeneralAmt |
| Fundraising | $2,929 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,197,895 | TotalAmt |
| Program Services | $574,636 | ProgramServicesAmt |
| Management And General | $623,259 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $747,453 | TotalAmt |
| Program Services | $649,413 | ProgramServicesAmt |
| Management And General | $51,016 | ManagementAndGeneralAmt |
| Fundraising | $47,024 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,170 | TotalAmt |
| Program Services | $99,601 | ProgramServicesAmt |
| Management And General | $5,963 | ManagementAndGeneralAmt |
| Fundraising | $1,606 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $114,700 | TotalAmt |
| Program Services | $110,556 | ProgramServicesAmt |
| Management And General | $4,144 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,558,346 | TotalAmt |
| Program Services | $3,416,013 | ProgramServicesAmt |
| Management And General | $142,333 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $296,200 | TotalAmt |
| Program Services | $284,352 | ProgramServicesAmt |
| Management And General | $11,848 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Organized activities expenses | Desc |
| Total | $379,015 | TotalAmt |
| Program Services | $360,056 | ProgramServicesAmt |
| Fundraising | $18,959 | FundraisingAmt |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,362,947 | TotalAmt |
| Program Services | $44,017,414 | ProgramServicesAmt |
| Management And General | $7,709,587 | ManagementAndGeneralAmt |
| Fundraising | $1,635,946 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $124,023 | BOYAmt |
| EOY | $106,229 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,185,326 | BOYAmt |
| EOY | $11,884,936 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,895,558 | BOYAmt |
| EOY | $1,851,945 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,108,592 | BOYAmt |
| EOY | $1,479,382 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $380,807 | BOYAmt |
| EOY | $349,290 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,481 | BOYAmt |
| EOY | $40,242 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $434,302 | BOYAmt |
| EOY | $528,270 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $131,189,713 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $60,329,748 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $71,499,304 | BOYAmt |
| EOY | $70,859,965 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,610,810 | BOYAmt |
| EOY | $17,586,129 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,326,203 | BOYAmt |
| EOY | $104,686,388 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,108,998 | BOYAmt |
| EOY | $2,666,236 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,983,178 | BOYAmt |
| EOY | $1,565,340 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,165,000 | BOYAmt |
| EOY | $2,120,000 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,661,026 | BOYAmt |
| EOY | $359,544 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $224,530 | BOYAmt |
| EOY | $208,266 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,142,732 | BOYAmt |
| EOY | $6,919,386 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,767,889 | BOYAmt |
| EOY | $52,508,934 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,415,582 | BOYAmt |
| EOY | $45,258,068 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98,183,471 | BOYAmt |
| EOY | $97,767,002 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,326,203 | BOYAmt |
| EOY | $104,686,388 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $48,249 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$464,718 | NetUnrlzdGainsLossesInvstAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,904,131 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,980,525 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $14,553,985 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,728,865 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,580,347 | CurrentTaxYearAmt |
| Total | $53,747,853 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,904,131 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,980,525 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $14,553,985 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,728,865 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,580,347 | CurrentTaxYearAmt |
| Total | $53,747,853 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $4,882,362 | SubstantialContributorsTotAmt |
| Public Support Total170 | $48,865,491 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $386,225 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $254,364 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $274,685 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $602,250 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $465,896 | CurrentTaxYearAmt |
| Total | $1,983,420 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $353 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year | $16,036 | CurrentTaxYearAmt |
| Total | $16,389 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,240 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus2 Years | $1,100 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,140 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,422 | CurrentTaxYearAmt |
| Total | $25,902 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $55,773,564 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $222,794,506 | GrossReceiptsRltdActivitiesAmt |
| Public Support PY170 | 0.85600 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
| Facts And Circumstances Test | Part II Section C Line 16a The organization is a school as described under 170b1Aii and is not required to complete a public support schedule. Schedule A is completed to verify the School can qualify under the public charity status section 170 b1Avi and, therefore, qualifies to use the first listed special rule for Schedule B reporting. | FactsAndCircumstancesTestTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $199,750 | RevenuesIncludedAmt |
| Assets Included | $2,845,544 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,402,620 | BeginningYearBalanceAmt |
| Contributions | $1,085,094 | ContributionsAmt |
| Investment Earnings Or Losses | -$297,267 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $591,522 | GrantsOrScholarshipsAmt |
| Other Expenditures | $91,026 | OtherExpendituresAmt |
| End Year Balance | $16,507,899 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $15,675,882 | BeginningYearBalanceAmt |
| Contributions | $2,470,526 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,000,143 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $645,121 | GrantsOrScholarshipsAmt |
| Other Expenditures | $98,524 | OtherExpendituresAmt |
| End Year Balance | $16,402,620 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,574,278 | BeginningYearBalanceAmt |
| Contributions | $3,249,095 | ContributionsAmt |
| Investment Earnings Or Losses | $2,612,885 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $657,994 | GrantsOrScholarshipsAmt |
| Other Expenditures | $102,382 | OtherExpendituresAmt |
| End Year Balance | $15,675,882 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,434,362 | BeginningYearBalanceAmt |
| Contributions | $415,708 | ContributionsAmt |
| Investment Earnings Or Losses | $501,198 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $704,869 | GrantsOrScholarshipsAmt |
| Other Expenditures | $72,121 | OtherExpendituresAmt |
| End Year Balance | $10,574,278 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,556,691 | BeginningYearBalanceAmt |
| Contributions | $288,699 | ContributionsAmt |
| Investment Earnings Or Losses | $188,720 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $550,674 | GrantsOrScholarshipsAmt |
| Other Expenditures | $49,074 | OtherExpendituresAmt |
| End Year Balance | $10,434,362 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.20000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.80000 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,175,683 | OtherCostOrOtherBasisAmt |
| Book Value | $2,175,683 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $95,505,174 | OtherCostOrOtherBasisAmt |
| Depreciation | $33,151,669 | DepreciationAmt |
| Book Value | $62,353,505 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $21,648,729 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,677,878 | DepreciationAmt |
| Book Value | $4,970,851 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,860,127 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,500,201 | DepreciationAmt |
| Book Value | $1,359,926 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $70,859,965 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc |
|---|
| Financial derivatives and other financial products |
| Closely-held equity interests |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Federal income taxes | |
| Liabilities under split interest agreements | $208,266 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $208,266 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $37,181,955 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$464,719 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $151,858 | OtherRevenueAmt |
| Revenue Not Reported | -$312,861 | RevenueNotReportedAmt |
| Revenue Subtotal | $37,494,816 | RevenueSubtotalAmt |
| Other Revenues Not Included | $15,916,380 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $15,916,380 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $53,411,196 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $37,598,425 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $151,858 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $151,858 | ExpensesNotReportedAmt |
| Expenses Subtotal | $37,446,567 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $15,916,380 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $15,916,380 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $53,362,947 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| III Line 4 | Cornerstone has some art sculptures displayed around campus that portray the Christian Worldview that we aspire to Creation, Fall, and Redemption. Since our school mascot is a Golden Eagle, we have a Golden Eagle sculpture in our athletic center.In Christ Chapel, we have four very large stained glass windows, a cross sculpture, and a large sculpture representing the life of Christ. We have had some more paintings and a German Torah Scroll donated to the University. |
| V Line 4 | The endowment funds have been established to provide financial support to the University, to award scholarships to students, and generate operating funds for certain divisions across campus. |
| XI Line 2d | Direct expenses from fund raising events 60,195 as listed on form 990, |
| XI Line 2d | and rental expenses 91,663 on form 990, Part VIII, Line 6b |
| XI Line 4b | Scholarships and grants 15,916,380 to students is a contra revenue onthe financial statements |
| XII Line 2d | Direct expenses from fund raising events 60,195 as listed on form 990 |
| XII Line 2d | and rental expenses 91,663 on form 990, Part VIII, Line 6b. |
| XII Line 4b | Scholarships and grants 15,916,380 to students is a contra revenue on the financial statements |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | 6a | FormAndLineReferenceDesc |
| Explanation | a Funds are received from the State of Michigan and Federal government agencies forstudent financial aid and work study programs. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | South Asia | RegionTxt |
| Offices | 1 | OfficesCnt |
| Employee | 1 | EmployeeCnt |
| Type Of Activities Conducted | program services | TypeOfActivitiesConductedTxt |
| Specific Services Provided | theological education | SpecificServicesProvidedTxt |
| Region Total Expenditures | $88,547 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 1 | SubtotalEmployeesCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Subtotal Spent | $88,547 | SubtotalSpentAmt |
| Total Spent | $88,547 | TotalSpentAmt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I Line 3 | FormAndLineReferenceDesc |
| Explanation | The University uses general ledger expense accounts to track the expenses to support the ABTS theological education program in Southeast Asia. The University uses the accrual basis for accounting for these types of expenditures. | ExplanationTxt |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (true) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JMilito & Associates | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 720 3 Mile Rd NW | AddressLine1Txt |
| City | Grand Rapids | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49544 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | telephone fundraising services | ActivityTxt |
| Fundraiser Control Of Funds | false | FundraiserControlOfFundsInd |
| Gross Receipts | $7,140 | GrossReceiptsAmt |
| Retained By Contractor | $10,044 | RetainedByContractorAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $7,140 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $10,044 | TotalRetainedByContractorsAmt |
| Licensed States | FL | LicensedStatesCd |
| Licensed States | MI | LicensedStatesCd |
| Licensed States | MN | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Advancement Golf Invitational | Event1Nm |
| Gross Receipts Event1 | $59,980 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $59,980 | CharitableContriEvent1Amt |
| Rent Facility Costs Event1 | $9,017 | RentFacilityCostsEvent1Amt |
| Other Direct Expenses Event1 | $3,681 | OtherDirectExpensesEvent1Amt |
| Event2 | Athletics Golf Outing | Event2Nm |
| Gross Receipts Event2 | $41,683 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $38,961 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $2,722 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $5,508 | RentFacilityCostsEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $129,666 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $117,966 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $11,700 | GrossRevenueOtherEventsAmt |
| Rent Fclty Costs Other Events | $39,034 | RentFcltyCostsOtherEventsAmt |
| Oth Direct Expnss Other Events | $2,955 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $231,329 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $216,907 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $14,422 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $53,559 | RentFcltyCostsTotalEventsAmt |
| Oth Direct Expnss Total Events | $6,636 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $60,195 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$45,773 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Scholarships | GrantTypeTxt |
| Recipient | 1149 | RecipientCnt |
| Cash Grant | $15,916,380 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I Line Line 2 | FormAndLineReferenceDesc |
| Explanation | The financial aid office of the University tracks the scholarships issued to students through the financial aid module of our ERP system. It tracks the information from the awarding process through the posting and disbursement processes. Award amounts are posted directly to the student accounts. No cash is distributed directly to the students. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| Dr Gerson Moreno-Riano | ||||
| President | $332,681 | $13,615 | $11,598 | $357,894 |
| Heidi Cece | ||||
| VP Chief of Staff | $166,056 | $5,137 | $3,070 | $174,263 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I Line 1a | Occasional travel by the President requires his wife to travel with him for donor meetings that are essential tothe business of the University. This benefit is not treated as taxable compensation |
| Part I Line 1a | The Board of Trustees considers the Presidents membership at a local country club to be critical to the furthering of business of the University. The benefit is listed as taxable compensation on the employees W-2 form. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Grand Rapids Economic Development Corporation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 521701965 | BondIssuerEIN |
| Bond Issued | 2013-10-24 | BondIssuedDt |
| Issue Price | $11,580,000 | IssuePriceAmt |
| Purpose | refund 2004 bonds and finance a new residence hall | PurposeDesc |
| Defeased | false | DefeasedInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Pool Financing | false | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $11,580,000 | TotalProceedsAmt |
| Capital Expenditures | $5,400,000 | CapitalExpendituresAmt |
| Other Spent Proceeds | $6,180,000 | OtherSpentProceedsAmt |
| Substantial Completion | 2013 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | Yes (true) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | false | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (true) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (true) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | false | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | false | MgmtContractBondFincdPropInd |
| Any Research Agreements | false | AnyResearchAgreementsInd |
| Private Bus Concerning UBI | 0.02740 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.02740 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | false | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | false | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (true) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiledInd |
| Exception To Rebate | Yes (true) | ExceptionToRebateInd |
| Variable Rate Issue | Yes (true) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | false | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | false | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (true) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (true) | ProceduresCorrectiveActionInd |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Students | PersonNm |
| Relationship With Org | dependents of employees | RelationshipWithOrgTxt |
| Cash Grant | $11,000 | CashGrantAmt |
| Assistance Purpose | Merit Scholarships | AssistancePurposeTxt |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $42,700 | NoncashContributionsRptF990Amt |
Art Historical Treasures ArtHistoricalTreasuresGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $157,050 | NoncashContributionsRptF990Amt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $17,650 | NoncashContributionsRptF990Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 6 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 4d | Program Service Expenses 0, Grants and allocations 0, Revenue 565,952 All other program service revenue |
| Form 990, Part IV, Line 4 | Cornerstone University pays membership dues to several state,regional, and national professional organizations MICU, NAIA, NACUBO, NASFA, CIC, CCCU, etc.consisting of numerous colleges and universities. Some of the professional organizationsinclude varying degrees of lobbying activities in their overall focus. For the tax year ended5/31/23, the dues notices did not include any lobbying expenses. |
| Form 990, Part VI, Section B, Line 11b | The Board receives an electronic copy of the Form 990prior to filing. Management also reviews Form 990 with our independent CPA audit firm prior to filing |
| Form 990, Part VI, Section B, Line 12c | In the summer of each year, the Board members,Officers, and Key Employees are sent a copy of the policy and are asked to complete theconflict of interest survey on-line. They are asked to complete the conflict of interestsurvey questions by the end of August. It is the policy of the Board of Trustees ofCornerstone University that, in the event that the Board, officers, and/or managers ofCornerstone University are considering a transaction on behalf of Cornerstone University whichwill also involve 1 a member of the Board, an officer, a manager of Cornerstone University,or a member of their families spouse, parents, brothers, sisters, or lineal descendants, or2 an organization with which any such person is affiliated as described below, then suchtrustee, officer, or manager at first knowledge of any such transaction, shall disclose fullythe precise nature of his or her interest or involvement. |
| Form 990, Part VI, Section B, Line 15a 15b | The Executive Committee of the Board determinesthe wage for the President after reviewing salary comparisons of other like schools. ThePresident also uses comparisons of other like schools in determining wages for VicePresidents. The Vice Presidents wages are recommended by the President and approved by theExecutive Committee of the Board. The Executive Committee minutes are ratified by the fullBoard in the Board minutes. |
| Form 990, Part VI, Section C, Line 19 | Cornerstone University makes its governing documents, conflict of interest policy, and financial statements available upon request. The form 990 is available on www.guidestar.org |
| Form 990, Part VI, Section A, Line 1a | The purpose of the Executive Committee, made up of aChair, Vice-Chair, Secretary, and Treasurer, is to assist the Board chairperson and thePresident with their joint responsibility to aid the Board in functioning effectively andefficiently, to assist the President at his or her request to address the business of theUniversity between meetings of the Board, and to oversee the work of the Board committeesbetween meetings of the Board. Between meetings of the Board of Trustees, the ExecutiveCommittee shall have general supervision of the administration and property of the Universityexcept that it may not take any action inconsistent with a prior act of the Board of Trustees,unless specifically empowered by the Board to do so. All actions taken by the ExecutiveCommittee shall be subject to revision, revocation, or alteration by the Board of Trustees,provided that no rights of third persons shall be adversely affected thereby. During thisfiscal year, there were no unusual circumstances requiring Executive Committee action apartfrom the full Board. All Executive Committee decisions were brought to the full Board forapproval. All members of the Executive Committee are Board members. |
| Form 990, Part XII, Line 2c | The Finance/Audit Committee of the Board of Trustees assumes theresponsibility for oversight of the audit and selection of independent auditors. |
| Form 990, Part XII, Line 3b | Because Cornerstone University participates in the Federal TitleIV Financial Aid programs, the university is required to have an Uniform Guidance UG Auditconducted on the schedule of federal financial aid expenditures. |
Schedule R IRS990ScheduleR
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |