CORNERSTONE UNIVERSITY: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- CORNERSTONE UNIVERSITY (EIN 38-1443369)
- Tax period
- 2024-06-01 to 2025-05-31
- Filed
- 2025-10-15
- IRS object ID
- 202542889349301324
- Schema version
- 2024v5.1
- 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 L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-10-15T09:04:04+00:00 | ReturnTs |
| Tax Period End | 2025-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 440160260 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Forvis Mazars LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 E Wayne Street Suite 600 | AddressLine1Txt |
| City | Fort Wayne | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46802 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-06-01 | 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 |
| 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 |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | David Veneklase | PersonNm |
| Person Title | VP for Finance/CFO | PersonTitleTxt |
| Phone | 6169495300 | PhoneNum |
| Signature | 2025-10-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Lauren Denton | PreparerPersonNm |
| PTIN | P01571860 | PTIN |
| Phone | 2604604000 | PhoneNum |
| Preparation | 2025-10-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Gerson Moreno-Riano | BusinessNameLine1Txt |
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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $51,762,389 | 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 | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 1117 | TotalEmployeeCnt |
| Total Volunteers | 170 | TotalVolunteersCnt |
| Total Gross UBI | $29,848 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $25,863 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $6,011,527 | PYContributionsGrantsAmt |
| CY Contributions Grants | $5,960,537 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $47,085,224 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $40,919,480 | CYProgramServiceRevenueAmt |
| PY Investment Income | $345,364 | PYInvestmentIncomeAmt |
| CY Investment Income | $180,017 | CYInvestmentIncomeAmt |
| PY Other Revenue | $197,304 | PYOtherRevenueAmt |
| CY Other Revenue | $166,245 | CYOtherRevenueAmt |
| PY Total Revenue | $53,639,419 | PYTotalRevenueAmt |
| CY Total Revenue | $47,226,279 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $16,183,816 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $9,930,706 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $23,443,751 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $24,044,064 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $62,917 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $105,700 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,409,026 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $15,636,004 | PYOtherExpensesAmt |
| CY Other Expenses | $14,139,063 | CYOtherExpensesAmt |
| PY Total Expenses | $55,326,488 | PYTotalExpensesAmt |
| CY Total Expenses | $48,219,533 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,687,069 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$993,254 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $105,225,637 | TotalAssetsBOYAmt |
| Total Assets EOY | $106,631,231 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $7,460,401 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $8,928,933 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $97,765,236 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $97,702,298 | 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 | $23,339,104 | ExpenseAmt |
| Grant | $9,930,706 | GrantAmt |
| Revenue | $31,691,929 | 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 | $7,883,138 | ExpenseAmt |
| Revenue | $514,264 | 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 | $5,444,830 | ExpenseAmt |
| Revenue | $7,826,140 | RevenueAmt |
| Desc | 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. 3,536,960 is included in contribution revenue on Part VIII, Line 1f. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenue | $887,147 | RevenueAmt |
| Desc | Other program services | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Revenue | $887,147 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $36,667,072 | 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 | false | TaxExemptBondsInd |
| 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 | false | 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 |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 2465 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 1117 | 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 | HK | ForeignCountryCd |
| Foreign Country | RP | ForeignCountryCd |
| Foreign Country | SN | ForeignCountryCd |
| Foreign Country | TH | 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 |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | 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 |
| Policies Reference Chapters | false | PoliciesReferenceChaptersInd |
| 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 |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Scott Stewart | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6162221446 | 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 (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| David Pray | ||||||||
| Trustee, Secretary | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Douglas Busch | ||||||||
| Trustee, Treasurer | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Dr Gerson Moreno-Riano | ||||||||
| President | 50.0 | Yes (X) | Yes (X) | $331,836 | $0 | $49,493 | 0.3 | |
| Lori Cook | ||||||||
| Trustee, Vice Chair | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Rick Koole | ||||||||
| Trustee, Chair | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Carole Bos | ||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| David Bernd | ||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Dr Albert Meredith | ||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Dr Mark Campbell | ||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Drew Martin | ||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Jeff Baker | ||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Julian Guzman | ||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Kelly Miller | ||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Lee Zuidema | ||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Nathan Vriesman | ||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Patrina Moseley | ||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Steven Hawks | ||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Bradford Sample | ||||||||
| VP for Academics | 50.0 | Yes (X) | $145,016 | $0 | $21,125 | 0.3 | ||
| David Veneklase Start 1023 | ||||||||
| VP Finance / CFO | 50.0 | Yes (X) | $245,406 | $0 | $5,176 | 0.3 | ||
| Heidi Cece | ||||||||
| VP Chief of Staff | 50.0 | Yes (X) | $213,873 | $0 | $36,923 | 0.3 | ||
| Donald King | ||||||||
| VP for Strategic Initiatives | 50.0 | $177,605 | $0 | $30,242 | 0.3 | Yes (X) | ||
| John VerBerkmoes | ||||||||
| Sec Dir of Accreditation | 50.0 | $141,138 | $0 | $9,880 | 0.3 | Yes (X) | ||
| Jonathan Marko | ||||||||
| Asst VP for Academics | 50.0 | $111,774 | $0 | $37,298 | 0.3 | Yes (X) | ||
| Misty Emmons | ||||||||
| Dean of Health, Science, & Technology | 50.0 | $128,774 | $0 | $8,967 | 0.3 | Yes (X) | ||
| Scott Stewart | ||||||||
| Controller & Advancement Officer | 50.0 | $134,655 | $0 | $73,598 | 0.3 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,630,077 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $272,702 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 14 | 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 |
|---|---|---|---|---|---|
| Michigan Software Labs | |||||
| 7471 River St SE | Ada | MI | 49301 | Software development | $2,262,560 |
| Google Inc | |||||
| 1600 Amphitheatre Pkwy | Mountain View | CA | 94043 | Advertising | $1,211,803 |
| Slingshot LP | |||||
| 1500 S Western Ave | Marion | IN | 46953 | TextBook/Mail service | $947,410 |
| Gordon Food Service | |||||
| PO Box 88029 | Chicago | IL | 606801029 | Food Supplier | $786,309 |
| Entheon Institute Llc | |||||
| 4219 Gardner Rd | Metamora | MI | 48455 | Academic Consulting Services | $515,309 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 23 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $115,598 | FundraisingAmt |
| Related Organizations | $107,348 | RelatedOrganizationsAmt |
| Government Grants | $208,002 | GovernmentGrantsAmt |
| All Other Contributions | $5,529,589 | AllOtherContributionsAmt |
| Noncash Contributions | $30,443 | NoncashContributionsAmt |
| Total Contributions | $5,960,537 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Tuition Fee Revenue | 611710 | $31,691,929 | $31,691,929 |
| Organized Activity Revenue | 611710 | $514,264 | $514,264 |
| Auxiliary Revenue | 611710 | $7,826,140 | $7,826,140 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $887,147 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $887,147 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $40,919,480 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $558,287 | TotalRevenueColumnAmt |
| Exclusion | $558,287 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $260,443 | RealAmt |
| Personal | $42,314 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $103,030 | RealAmt |
| Personal | $12,466 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $157,413 | RealAmt |
| Personal | $29,848 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $187,261 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $29,848 | UnrelatedBusinessRevenueAmt |
| Exclusion | $157,413 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,979,127 | SecuritiesAmt |
| Other | $42,201 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,399,598 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$420,471 | SecuritiesAmt |
| Other | $42,201 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$378,270 | TotalRevenueColumnAmt |
| Exclusion | -$378,270 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rpt Fundraising Event | $115,598 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $21,016 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$21,016 | TotalRevenueColumnAmt |
| Exclusion | -$21,016 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $47,226,279 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $40,919,480 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $29,848 | UnrelatedBusinessRevenueAmt |
| Exclusion | $316,414 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,930,706 | TotalAmt |
| Program Services | $9,930,706 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,101,369 | TotalAmt |
| Program Services | $768,661 | ProgramServicesAmt |
| Management And General | $285,072 | ManagementAndGeneralAmt |
| Fundraising | $47,636 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,502,842 | TotalAmt |
| Program Services | $12,215,476 | ProgramServicesAmt |
| Management And General | $4,530,341 | ManagementAndGeneralAmt |
| Fundraising | $757,025 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $782,134 | TotalAmt |
| Program Services | $429,764 | ProgramServicesAmt |
| Management And General | $325,029 | ManagementAndGeneralAmt |
| Fundraising | $27,341 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,371,176 | TotalAmt |
| Program Services | $1,852,382 | ProgramServicesAmt |
| Management And General | $1,400,947 | ManagementAndGeneralAmt |
| Fundraising | $117,847 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,286,543 | TotalAmt |
| Program Services | $706,925 | ProgramServicesAmt |
| Management And General | $534,644 | ManagementAndGeneralAmt |
| Fundraising | $44,974 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $339,088 | TotalAmt |
| Program Services | $3,223 | ProgramServicesAmt |
| Management And General | $335,865 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,000 | TotalAmt |
| Management And General | $63,000 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $105,700 | TotalAmt |
| Fundraising | $105,700 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,058 | TotalAmt |
| Management And General | $80,058 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,586,822 | TotalAmt |
| Program Services | $1,564,314 | ProgramServicesAmt |
| Fundraising | $22,508 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,368,117 | TotalAmt |
| Program Services | $3,712,898 | ProgramServicesAmt |
| Management And General | $436,812 | ManagementAndGeneralAmt |
| Fundraising | $218,407 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,329,528 | TotalAmt |
| Program Services | $60,124 | ProgramServicesAmt |
| Management And General | $1,269,404 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,308,366 | TotalAmt |
| Program Services | $620,983 | ProgramServicesAmt |
| Management And General | $687,383 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $805,184 | TotalAmt |
| Program Services | $713,853 | ProgramServicesAmt |
| Management And General | $37,146 | ManagementAndGeneralAmt |
| Fundraising | $54,185 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,399 | TotalAmt |
| Program Services | $71,285 | ProgramServicesAmt |
| Management And General | $5,728 | ManagementAndGeneralAmt |
| Fundraising | $386 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,586 | TotalAmt |
| Management And General | $1,586 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,448,674 | TotalAmt |
| Program Services | $3,310,727 | ProgramServicesAmt |
| Management And General | $137,947 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $311,852 | TotalAmt |
| Program Services | $299,378 | ProgramServicesAmt |
| Management And General | $12,474 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Organized Activities Expenses | Desc |
| Total | $419,389 | TotalAmt |
| Program Services | $406,372 | ProgramServicesAmt |
| Fundraising | $13,017 | FundraisingAmt |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,219,533 | TotalAmt |
| Program Services | $36,667,071 | ProgramServicesAmt |
| Management And General | $10,143,436 | ManagementAndGeneralAmt |
| Fundraising | $1,409,026 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,531 | BOYAmt |
| EOY | $95,975 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,016,256 | BOYAmt |
| EOY | $12,318,612 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $760,536 | BOYAmt |
| EOY | $790,286 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,659,624 | BOYAmt |
| EOY | $2,005,675 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $277,608 | BOYAmt |
| EOY | $243,611 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,930 | BOYAmt |
| EOY | $16,302 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $820,069 | BOYAmt |
| EOY | $1,002,999 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $137,560,807 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $66,094,919 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,370,232 | BOYAmt |
| EOY | $71,465,888 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,208,851 | BOYAmt |
| EOY | $18,691,883 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,225,637 | BOYAmt |
| EOY | $106,631,231 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,716,378 | BOYAmt |
| EOY | $2,463,708 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,730,234 | BOYAmt |
| EOY | $1,989,792 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,752,628 | BOYAmt |
| EOY | $4,221,058 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $261,161 | BOYAmt |
| EOY | $254,375 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,460,401 | BOYAmt |
| EOY | $8,928,933 | 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 | $51,136,415 | BOYAmt |
| EOY | $51,581,846 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,628,821 | BOYAmt |
| EOY | $46,120,452 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,765,236 | BOYAmt |
| EOY | $97,702,298 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,225,637 | BOYAmt |
| EOY | $106,631,231 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$993,254 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,268,810 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $13,200 | DonatedServicesAndUseFcltsAmt |
| Other Changes In Net Assets | -$351,694 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
| 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 | $14,553,985 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $12,728,865 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,580,347 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,023,059 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,960,737 | CurrentTaxYearAmt |
| Total | $45,846,993 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $14,553,985 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $12,728,865 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,580,347 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,023,059 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,960,737 | CurrentTaxYearAmt |
| Total | $45,846,993 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $2,423,769 | SubstantialContributorsTotAmt |
| Public Support Total170 | $43,423,224 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $274,685 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $602,250 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $465,896 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $428,410 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $818,730 | CurrentTaxYearAmt |
| Total | $2,589,971 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $16,036 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $81,809 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $42,314 | CurrentTaxYearAmt |
| Total | $140,159 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,100 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,140 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $14,422 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $17,662 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $48,594,785 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $310,754,976 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.89358 | PublicSupportCY170Pct |
| Public Support PY170 | 0.91986 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II, Line 10 Other Income | FormAndLineReferenceDesc |
| Explanation | DESCRIPTION - , COLUMN A - 1100.0, COLUMN B - 2140.0, COLUMN C - 14422.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 17662.0; | ExplanationTxt |
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 | $0 | RevenuesIncludedAmt |
| Assets Included | $2,894,910 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $17,011,940 | BeginningYearBalanceAmt |
| Contributions | $313,981 | ContributionsAmt |
| Investment Earnings Or Losses | $1,408,059 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $663,029 | GrantsOrScholarshipsAmt |
| Other Expenditures | $264,341 | OtherExpendituresAmt |
| End Year Balance | $17,806,610 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,507,899 | BeginningYearBalanceAmt |
| Contributions | $477,786 | ContributionsAmt |
| Investment Earnings Or Losses | $2,189,833 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,006,445 | GrantsOrScholarshipsAmt |
| Other Expenditures | $157,133 | OtherExpendituresAmt |
| End Year Balance | $17,011,940 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| 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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| 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 Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.14 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.86 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.0 | TermEndowmentBalanceEOYPct |
| 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 | $1,775,683 | OtherCostOrOtherBasisAmt |
| Book Value | $1,775,683 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $100,527,693 | OtherCostOrOtherBasisAmt |
| Depreciation | $36,583,945 | DepreciationAmt |
| Book Value | $63,943,748 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $23,304,264 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,483,700 | DepreciationAmt |
| Book Value | $4,820,564 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,953,167 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,027,274 | DepreciationAmt |
| Book Value | $925,893 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $71,465,888 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Federal Income Taxes | |
| Liabilities under split interest agreements | $254,375 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $254,375 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $38,362,394 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,268,803 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $13,200 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$215,182 | OtherRevenueAmt |
| Revenue Not Reported | $1,066,821 | RevenueNotReportedAmt |
| Revenue Subtotal | $37,295,573 | RevenueSubtotalAmt |
| Other Revenues Not Included | $9,930,706 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $9,930,706 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $47,226,279 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $38,425,339 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $136,512 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $136,512 | ExpensesNotReportedAmt |
| Expenses Subtotal | $38,288,827 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $9,930,706 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $9,930,706 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $48,219,533 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part XIII ASC 740 | MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNDERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. |
| Schedule D, Part III, Line 4 Collections of art - description of collections | 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. |
| Schedule D, Part V, Line 4 Intended uses of endowment funds | 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. |
| Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 | SPLIT INTEREST AGREEMENTS - -351694 FUNDRAISING EXPENSE - 21016 RENTAL EXPENSES - 115496 |
| Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements | SCHOLARSHIPS ADDBACK - 9930706 |
| Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 | RENTAL EXPENSES - 115496 FUDRAISING EXPENSE - 21016 |
| Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements | SCHOLARSHIPS ADDBACK - 9930706 |
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 (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY | Our non-discrimination statement can be found under the Title IX information found on cornerstone.edu which directly addresses race. |
| Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT | Funds are received from the State of Michigan and Federal government agencies for student financial aid and work study programs. |
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 | $128,064 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 1 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Subtotal Spent | $128,064 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $128,064 | 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 | Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements | FormAndLineReferenceDesc |
| Explanation | SOUTH ASIA-Accrual | 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 (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Gross ReceiptsGrossReceiptsAmt | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|---|
| JMilito & Associates | ||||||||
| 720 3 Mile Rd NW | Grand Rapids | MI | 49544 | telephone fundraising services | false | $12,020 | $19,382 | -$7,362 |
| The Timothy Group Inc | ||||||||
| 1663 Sutherland Dr SE | Grand Rapids | MI | 49508 | outsourced advancement services | false | $0 | $85,546 | -$85,546 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $12,020 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $104,928 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$92,908 | TotalNetToOrganizationAmt |
| 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 | $71,650 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $71,650 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $0 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $11,588 | RentFacilityCostsEvent1Amt |
| Other Direct Expenses Event1 | $1,367 | OtherDirectExpensesEvent1Amt |
| Event2 | Athletics Golf Invitational | Event2Nm |
| Gross Receipts Event2 | $44,248 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $44,248 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $0 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $5,149 | RentFacilityCostsEvent2Amt |
| Other Direct Expenses Event2 | $2,912 | OtherDirectExpensesEvent2Amt |
| Gross Revenue Other Events | $0 | GrossRevenueOtherEventsAmt |
| Gross Receipts Total | $115,898 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $115,898 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $0 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $16,737 | RentFcltyCostsTotalEventsAmt |
| Oth Direct Expnss Total Events | $4,279 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $21,016 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$21,016 | 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 | 1233 | RecipientCnt |
| Cash Grant | $9,930,706 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds | 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 | Yes (true) | 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 (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dr Gerson Moreno-Riano | ||||||||||||||
| President | $325,000 | $0 | $0 | $0 | $6,836 | $0 | $13,000 | $0 | $36,493 | $0 | $381,329 | $0 | $0 | $0 |
| Heidi Cece | ||||||||||||||
| VP Chief of Staff | $213,873 | $0 | $0 | $0 | $0 | $0 | $8,525 | $0 | $28,398 | $0 | $250,796 | $0 | $0 | $0 |
| David Veneklase Start 1023 | ||||||||||||||
| VP Finance / CFO | $245,406 | $0 | $0 | $0 | $0 | $0 | $4,375 | $0 | $801 | $0 | $250,582 | $0 | $0 | $0 |
| Bradford Sample | ||||||||||||||
| VP for Academics | $145,016 | $0 | $0 | $0 | $0 | $0 | $10,033 | $0 | $11,092 | $0 | $166,141 | $0 | $0 | $0 |
| John VerBerkmoes | ||||||||||||||
| Sec Dir of Accreditation | $141,138 | $0 | $0 | $0 | $0 | $0 | $9,880 | $0 | $0 | $0 | $151,018 | $0 | $0 | $0 |
| Scott Stewart | ||||||||||||||
| Controller & Advancement Officer | $120,000 | $0 | $0 | $0 | $14,655 | $0 | $9,450 | $0 | $64,148 | $0 | $208,253 | $0 | $0 | $0 |
| Donald King | ||||||||||||||
| VP for Strategic Initiatives | $177,605 | $0 | $0 | $0 | $0 | $0 | $2,333 | $0 | $27,909 | $0 | $207,847 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a Travel for companions | Occasional travel by the President or Advancement executives require their spouses to travel with them for donor meetings that are essential to the business of the University. This benefit is not treated as compensation. |
| Schedule J, Part I, Line 1a Health or social club dues or initiation fees | The Board of Trustees considers the President's membership at a local country club to be critical to the furthering of business of the University. The benefit is listed as a taxable compensation on the employee's W-2 form. |
| Schedule J, Part I, Line 4a Severance or change-of-control payment | John Verberkmoes left the university on 07/14/2023. His last payment is on 01/31/2025. For the tax year 2024 he was paid $141,138. |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash Grant | $9,350 | CashGrantAmt |
| Type Of Assistance | SCHOLARSHIP | TypeOfAssistanceTxt |
| Assistance Purpose | Merit Scholarships | AssistancePurposeTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contribution | 4 | ContributionCnt |
| Noncash Contributions Rpt F990 | $10,016 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | MISCELLANEOUS EQUIPMENT | Desc |
| Contribution | 29 | ContributionCnt |
| Noncash Contributions Rpt F990 | $20,427 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule M, Part I Explanations of reporting method for number of contributions | FormAndLineReferenceDesc |
| Explanation | Securities - Publicly traded - THE NUMBER OF CONTRIBUTIONS REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED, NOT THE NUMBER OF ITEMS DONATED. Other - MISCELLANEOUS EQUIPMENT THE NUMBER OF CONTRIBUTIONS REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED, NOT THE NUMBER OF ITEMS DONATED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 4a-4c Description of program services | (Expenses $ including grants of $)(Revenue $ 887,147) Other program services |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | The Board receives an electronic copy of the Form 990 prior to filing. Management also reviews Form 990 with our independent CPA audit firm prior to filing. |
| Form 990, Part VI, Line 12c Conflict of interest policy | At the fall board meeting each year, the Board members, Officers, and Key Employees are sent a copy of the policy and are asked to complete the conflict of interest survey online. They are asked to complete the conflict of interest questions by the end of August. It is the policy of the Board of Trustees of Cornerstone University that, in the event that the Board, officers, and/or managers of Cornerstone University are considering a transaction on behalf of Cornerstone University which will also involve 1. A member of the Board, an officer, a manger of Cornerstone University, or a member of their family's spouse, parents, brothers, sisters, or lineal descendants, or 2. An organization with which any such person is affiliated as described below, then such trustee, officer, or manager at first knowledge of any such transaction, shall disclose fully the precise nature of his or her interest or involvement. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | The Executive Committee of the Board determines the wage for the President after reviewing salary comparisons of other like schools. The President also uses comparisons of other like schools in determining wages for Vice Presidents. The Vice Presidents wages are recommended by the President and approved by the Executive Committee of the Board. The Executive Committee minutes are ratified by the full Board in the Board minutes. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | Most positions are compared to industry survey reports. Associations used for wage comparisons include Coalition of Christian Colleges & Universities (CCCU) and College & University Personnel Association (CUPA) |
| Form 990, Part VI, Line 19 Required documents available to the public | 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 VIII, Line 2f Other Program Service Revenue | Other - Total Revenue: 887147, Related or Exempt Function Revenue: 887147, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | SPLIT INTEREST AGREEMENTS - -351694; |
| Schedule F, Part I, Line 3 | 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. |
| 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 organizations include varying degrees of lobbying activities in their overall focus. For the tax year ended 5/31/25, the dues notices did not include any lobbying expenses. |
| Form 990, Part VI, Section A, Line 1a | The purpose of the Executive Committee, made up of a Chair, Vice-Chair, Secretary, and Treasurer, is to assist the Board chairperson and the President with their joint responsibility to aid the Board in functioning effectively and efficiently, to assist the President at his or her request to address the business of the University between meetings of the Board, and to oversee the work of the Board committees between meetings of the Board. Between meetings of the Board of Trustees, the Executive Committee shall have general supervision of the administration and property of the University except 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 Executive Committee 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 this fiscal year, there were no unusual circumstances requiring Executive Committee action apart from the full Board. All Executive Committee decisions were brought to the full Board for approval. All members of the Executive Committee are Board members. |
| Form 990, Part XII, Line 3b | Because Cornerstone University participates in the Federal Title IV Financial Aid programs, the university is required to have an Uniform Guidance UG Audit conducted on the schedule of federal financial aid expenditures. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Asia Biblical Theological Seminary LLC | BusinessNameLine1Txt |
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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | Provides education to students in southeast Asia | PrimaryActivitiesTxt |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Total Income | $153,994 | TotalIncomeAmt |
| End Of Year Assets | $288,563 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Cornerstone University | BusinessNameLine1Txt |