NonprofitsCornerstone Public Asset Fund Inc

Environment

Cornerstone Public Asset Fund Inc

BENTON HARBOR, MI

Total revenue

$8.5M

Total expenses

$7.4M

Net assets

$25.5M

Grants received

$1.3M

9 grants

EIN

464405437

Tax year

2024

Mission

Cornerstone public asset fund, inc. Is engaged in the development and implementation of economic growth in partnership with local communities and municipalities. It operates as a supporting organization to cornerstone alliance, a public charity.

Programs

2 programs

Whirlpool corporation community charity golf event: the whirlpool community charity golf event (wccge) is conducted each summer. Over the past 19 years, the wccge has raised over $28 million to support area youth in the community. The fundraising from the wccge has enabled the expansion and growth of local organizations, and the money raised helps around 10,000 youth a year. These organizations include the boys & girls clubs of greater southwest michigan, first tee of benton harbor and the local public school foundations of benton harbor, lakeshore and st. Joseph as well as other youth programs and organizations.

Expenses: $2.8MGrants: $2.3M

Michigan's great southwest strategic leadership council: the role of the council is to bring leaders from business, government, nonprofit, and education together to work collaboratively to achieve the mission of the council. Leaders are based locally in berrien county, mi and are all volunteer participants.

Expenses: $254K

Financials

FY 2024

Revenue

Contributions & grants$5.3M
Program service revenue$3.0M
Investment income$131K
Other revenue$61K
Total revenue$8.5M

Expenses

Grants paid$2.3M
Salaries & benefits$1.7M
Fundraising
Other expenses$3.4M
Total expenses$7.4M
Total assets$26.7M
Net assets$25.5M

People

6 listed

NameRoleCompensation

CHRIS COOK

TREASURER

Board

$251K

40 hrs/wk

JOSH DOXTATOR

GENERAL MANAGER

Board

$193K

40 hrs/wk

JEFF FETTIG

DIRECTOR

Board

1 hrs/wk

PAM KLYN

DIRECTOR

Board

1 hrs/wk

MIKE TODMAN

DIRECTOR

Board

1 hrs/wk

SAM ABDELNOUR

DIRECTOR

Board

1 hrs/wk

Independent contractors

JP4 GOVERNMENT SOLUTIONS LLC

CONSULTING

$132K

Grants received

Showing 9 of 9

FromAmountPurposeYear
$576K
ECONOMIC DEVELOPMENT GRANT
2024
$13K
COMMUNITY & HUMAN SERVICES
2024
$500K
ECONOMIC DEVELOPMENT GRANT
2023
$162K
THE WHIRLPOOL COLLECTIVE IMPACT FUND, GENERAL SUPPORT
2023
$10K
HUMAN SERVICES
2023
$15K
Stratgeic Grant
2022
$7K
For grant recipient's exempt purposes
2022
$10K
For grant recipient's exempt purposes
2021
$10K
For grant recipient's exempt purposes
2021

Funded by

$1.3M from 5 funders · 9 grants · 2021–2024

Whirlpool Foundation

$1.1M · 3 grants · 2022–2024

Berrien Community Foundation Inc

$162K · 1 grant · 2023

Fidelity Investments Charitable Gift Fund

$26K · 3 grants · 2021–2022

The Ayco Charitable Foundation

$13K · 1 grant · 2024

National Philanthropic Trust

$10K · 1 grant · 2023

Details

EIN464405437
NTEE codeC30
Subsection03
Ruling date2016-05
Formed2013
Employees135
Volunteers50
CORNERSTONE PUBLIC ASSET FUND INC — Mission, Financials & Grants Received | Grantivo