Cornerstone Foundation
- Assets
- $65.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 02/1988
- EIN
- 38-6143625
Organization Overview
Cornerstone Foundation is located in Lansing, MI. The organization was established in 1988. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending undefined, Cornerstone Foundation generated $45.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (34.7%) each year. All expenses for the organization totaled $33.6k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (45.5%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES AS PERMITTED UNDER SECTION 501(C)3 OF THE IRC - SPECIFICALLY TO LESSEN THE BURDENS OF GOVERNMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE IMPROVEMENT OF THE LEARNING ENVIRONMENT AND PROVISION OF UPGRADES TO IMPROVE QUALITY OF LIFE FOR THE CHILDREN OF THE ACADEMY OF WARREN
PROMOTION OF THE FOUNDATION'S INITIATIVE TO LESSEN THE BURDENS OF GOVERNMENT
THE DEPARTMENT OF DEFENSE VISIT OF INTERNATIONAL FELLOWS BRIEFING AND INSIGHT INTO DETROIT'S ECONOMIC ENVIRONMENT AND PUBLIC EDUCATION SYSTEM
ADVOCACY AND SUPPORT OF JOURNALISTS WHO ARE EXPOSED TO TRAUMATIC EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renae Moore Asst Sec/treas | OfficerTrustee | 1 | $1,600 |
Richard Mclellen Treasurer | OfficerTrustee | 1 | $0 |
Jim Haveman President | OfficerTrustee | 1 | $0 |
Matthew Godlewski Vice President | OfficerTrustee | 1 | $0 |
James Brandell Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $29 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $45,029 |
| Statement of Expenses | |
|---|---|
| Total expenses | $33,610 |
| Balance Sheet | |
|---|---|
| Total assets | $65,752 |
| Total liabilities | $0 |
| Net assets or fund balances | $65,752 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cornerstone Foundation has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
The Henry And Carolyn Sue Orenstein Foundation Inc Caldwell, NJ PURPOSE: CHARITABLE | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indianapolis Center For Congregations Inc Indianapolis, IN | $32,027,513 | $626,552 |
Keycorp Empl Beneficiary Assoc Tr For Post-Retirement Medical Bene Brooklyn, OH | $26,681,464 | $4,575,931 |
American Dairy Association Mideast Columbus, OH | $3,095,778 | $5,413,695 |
Maryhill Manor Inc Niagara, WI | $3,813,579 | $4,581,573 |
Lakeview Temple Inc Indianapolis, IN | $11,968,336 | $5,459,594 |
Guiding Light Mission Inc Grand Rapids, MI | $5,495,648 | $6,134,188 |
Time Of Grace Ministry Milwaukee, WI | $2,034,999 | $5,176,400 |
Dominican Sisters Corp St Ann Rest Home Milwaukee, WI | $0 | $3,927,255 |
Christian Law Association Mason, OH | $71,651 | $2,937,777 |
Silver Birch Ranch Inc White Lake, WI | $4,892,959 | $3,186,747 |
Ohio Valley Teen Challenge Inc Youngstown, OH | $3,551,177 | $3,239,879 |
The Biologos Foundation Inc Grand Rapids, MI | $3,556,989 | $1,728,773 |