NonprofitsCornerstone Initiative Inc

Community Improvement & Capacity Building

Cornerstone Initiative Inc

HUNTSVILLE, AL

Total revenue

$327K

Total expenses

$256K

Net assets

$319K

Grants received

$459K

18 grants

EIN

275159255

Tax year

2024

Mission

The CornerStone Initiative is a faith-based nonprofit organization committed to encouraging and equipping men and women in Madison County, Alabama as they navigate a pathway out ofpoverty to a place of sustainable self-sufficiency.

Programs

1 program

See schedule o

Financials

FY 2024

Revenue

Contributions & grants$320K
Program service revenue
Investment income$5K
Other revenue$2K
Total revenue$327K

Expenses

Grants paid
Salaries & benefits$216K
Fundraising
Other expenses$40K
Total expenses$256K
Total assets$326K
Net assets$319K

People

9 listed

NameRoleCompensation

TERRY BOYD

BOARD PRESIDENT

Board

0

DOCQUINN TAYLOR

VICE PRESIDENT

Board

0

SARAH COLLINS

SECRETARY

Board

0

BRANDON CARRIN

TREASURER

Board

0

DAVID MYRICK

DIRECTOR

Board

0

JOHANN MOORE

DIRECTOR

Board

0

JANE DANIEL

DIRECTOR

Board

0

BILL NASH

SPIRITUAL DIRECTOR

Board

0

ELIZABETH FEICK

DIRECTOR

Board

0

Grants received

Showing 18 of 18

FromAmountPurposeYear
$50K
CHARITABLE
2024
$50K
CHARITABLE
2024
$8K
Support for families to escape poverty through training and education
2024
$3K
FOR ASSISTANCE
2024
$100K
CHARITABLE
2023
$17K
NEIGHBORHOOD & COMMUNITY
2023
$41K
NEIGHBORHOOD & COMMUNITY
2022
$15K
GENERAL USE
2022
$26K
NEIGHBORHOOD & COMMUNITY
2021
$17K
For grant recipient's exempt purposes
2021
$17K
For grant recipient's exempt purposes
2021
$3K
Financial management skills
2021
$46K
NEIGHBORHOOD & COMMUNITY
2020
$10K
For grant recipient's exempt purposes
2020
$6K
Donor Advised
2020
$6K
NEIGHBORHOOD & COMMUNITY
2019

Funded by

$459K from 8 funders · 18 grants · 2018–2024

Alpha Foundation

$200K · 3 grants · 2023–2024

Community Foundation of Greater Huntsville

$181K · 7 grants · 2018–2024

Fidelity Investments Charitable Gift Fund

$45K · 3 grants · 2020–2021

Cadence Bank Foundation

$15K · 1 grant · 2022

Trideum Foundation Inc

$8K · 1 grant · 2024

Global Impact

$6K · 1 grant · 2020

The I3 Cares Foundation

$3K · 1 grant · 2024

Community Bank Partners

$3K · 1 grant · 2021

Details

EIN275159255
NTEE codeS47
Subsection03
Ruling date2013-05
Formed2011
Employees4
CORNERSTONE INITIATIVE INC — Mission, Financials & Grants Received | Grantivo