NonprofitsCornerstone University

Education

Cornerstone University

GRAND RAPIDS, MI

Total revenue

$47.2M

Total expenses

$48.2M

Net assets

$97.7M

Grants received

$7.4M

147 grants

EIN

381443369

Tax year

2024

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.

Programs

3 programs

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.

Expenses: $7.9M

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.

Expenses: $5.4M

Other program services

Financials

FY 2024

Revenue

Contributions & grants$6.0M
Program service revenue$40.9M
Investment income$180K
Other revenue$166K
Total revenue$47.2M

Expenses

Grants paid$9.9M
Salaries & benefits$24.0M
Fundraising$1.4M
Other expenses$14.1M
Total expenses$48.2M
Total assets$106.6M
Net assets$97.7M

People

25 listed

NameRoleCompensation

Dr Gerson Moreno-Riano

President

Board

$332K

50 hrs/wk

David Veneklase Start 1023

VP Finance / CFO

Board

$245K

50 hrs/wk

Heidi Cece

VP Chief of Staff

Board

$214K

50 hrs/wk

Bradford Sample

VP for Academics

Board

$145K

50 hrs/wk

Jeff Baker

Trustee

Board

1 hrs/wk

Julian Guzman

Trustee

Board

1 hrs/wk

David Pray

Trustee, Secretary

Board

1 hrs/wk

Lee Zuidema

Trustee

Board

1 hrs/wk

Nathan Vriesman

Trustee

Board

1 hrs/wk

Patrina Moseley

Trustee

Board

1 hrs/wk

Steven Hawks

Trustee

Board

1 hrs/wk

Kelly Miller

Trustee

Board

1 hrs/wk

Douglas Busch

Trustee, Treasurer

Board

1 hrs/wk

Lori Cook

Trustee, Vice Chair

Board

1 hrs/wk

Rick Koole

Trustee, Chair

Board

1 hrs/wk

Carole Bos

Trustee

Board

1 hrs/wk

David Bernd

Trustee

Board

1 hrs/wk

Dr Albert Meredith

Trustee

Board

1 hrs/wk

Dr Mark Campbell

Trustee

Board

1 hrs/wk

Drew Martin

Trustee

Board

1 hrs/wk

Donald King

VP for Strategic Initiatives

Staff

$178K

50 hrs/wk

John VerBerkmoes

Sec Dir of Accreditation

Staff

$141K

50 hrs/wk

Scott Stewart

Controller & Advancement Officer

Staff

$135K

50 hrs/wk

Misty Emmons

Dean of Health, Science, & Technology

Staff

$129K

50 hrs/wk

Jonathan Marko

Asst VP for Academics

Staff

$112K

50 hrs/wk

Independent contractors

Michigan Software Labs

Software development

$2.3M

Google Inc

Advertising

$1.2M

Slingshot LP

TextBook/Mail service

$947K

Gordon Food Service

Food Supplier

$786K

Entheon Institute Llc

Academic Consulting Services

$515K

Grants received

Showing 147 of 147

FromAmountPurposeYear
$370K
COLLEGES AND UNIVERSITIES
2024
$40K
OPERATIONS
2024
$35K
UNRESTRICTED GENERAL SUPPORT
2024
$21K
SPRING SHARATHON MATCHING GIFT - ANONYMOUS
2024
$20K
GENERAL SUPPORT
2024
$18K
SINGLE MOTHER SCHOLARSHIPS
2024
$13K
CONTRIBUTION WHERE NEEDED MOST
2024
$11K
TUITION SUPPORT
2024
$6K
GENERAL SUPPORT
2024
$6K
GENERAL FUND
2024
$3K
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$3K
Educational Scholarships
2024
$2K
SCHOLARSHIP
2024
$2K
SCHOLARSHIP
2024
$1K
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$650K
UNRESTRICTED GRANT TO GENERAL FUND
2023
$104K
For grant recipient's exempt purposes
2023
$40K
OPERATIONS
2023
$20K
GENERAL SUPPORT
2023
$20K
GENERAL SUPPORT
2023
$16K
SPRING SHARATHON MATCHING GIFT
2023
$15K
SINGLE MOTHER SCHOLARSHIPS
2023
$13K
CONTRIBUTION WHERE NEEDED MOST
2023
$10K
Educational Scholarships
2023
$10K
TUITION SUPPORT
2023
$10K
UNRESTRICTED GENERAL SUPPORT
2023
$10K
GENERAL SUPPORT
2023
$9K
EDUCATION
2023
$8K
WORSHIP RENEWAL PROJECT
2023
$8K
INTERNSHIP GRANT
2023
$6K
PAYMENT FOR EDUCATIONAL PURPOSES
2023
$3K
MATCHING GIFTS
2023
$3K
GENERAL FUND
2023
$3K
PAYMENT FOR EDUCATIONAL PURPOSES
2023
$2K
Educational Scholarships
2023
$250
MATCHING GIFT - LAYNE KREH
2023
$510K
UNRESTRICTED GRANT TO GENERAL FUND
2022
$100K
CHRISTIAN EDUCATION
2022
$54K
For grant recipient's exempt purposes
2022
$30K
OPERATIONS
2022
$26K
BROOKS FAMILY FIRST GENEREATION SCHOLARSHIP
2022
$20K
GENERAL SUPPORT
2022
$16K
ARTS, CULTURE AND HUMANITIES
2022
$15K
SINGLE MOTHER SCHOLARSHIPS
2022
$13K
CONTRIBUTION WHERE NEEDED MOST
2022
$10K
GENERAL SUPPORT
2022
$10K
SCHOLARSHIP FUND SUPPORT
2022
$10K
UNRESTRICTED GENERAL SUPPORT
2022
$9K
EDUCATION
2022
$8K
WORSHIP RENEWAL PROJECT
2022
$8K
SCHOLARSHIPS
2022
$8K
INTERNSHIP GRANT
2022
$7K
GENERAL SUPPORT
2022
$5K
MATCHING GIFTS
2022
$3K
PAYMENT FOR EDUCATIONAL PURPOSES
2022
$3K
PAYMENT FOR EDUCATIONAL PURPOSES
2022
$2K
Educational Scholarships
2022
$1K
SCHOLARSHIP
2022
$250
GENERAL PURPOSE - WCSG OUTREACH
2022
$250
MATCHING EMPLOYEE GIFT - KREH
2022
$100
GENERAL EXEMPT PURPOSE
2022
$57K
For grant recipient's exempt purposes
2021
$57K
For grant recipient's exempt purposes
2021
$50K
PALEY SCULPTURE INSTALLATION AT DE WITT CENTER FOR SCIENCE AND TECHNOLOGY
2021
$50K
PATHWAYS FOR TOMORROW INITIATIVE
2021
$25K
ARTS & CULTURE
2021
$13K
CONTRIBUTION WHERE NEEDED MOST
2021
$10K
GENERAL SUPPORT
2021
$9K
EDUCATION
2021
$6K
GENERAL FUND
2021
$6K
IMMIGRATION PROJECTS
2021
$500
matching grant
2021
$100
GENERAL PURPOSE - WCSG OUTREACH
2021
$205K
UNRESTRICTED GRANT TO GENERAL FUND
2020
$139K
For grant recipient's exempt purposes
2020
$100K
Christian Education
2020
$30K
OPERATIONS
2020
$30K
UNRESTRICTED GRANT TO GENERAL FUND
2020
$23K
BROOKS FAMILY FIRST GENERATION SCHOLARSHIP
2020
$20K
GENERAL SUPPORT
2020
$15K
SCHOLARSHIPS
2020
$15K
DONATION TO MINISTRY
2020
$15K
ANNUAL CAMPAIGNS
2020
$10K
general contribution
2020
$10K
OPERATING FUND
2020
$10K
2020 CONTRIBUTION WHERE NEEDED MOST
2020
$8K
GENERAL OPERATING SUPPORT
2020
$8K
SINGLE MOTHER SCHOLARSHIPS
2020
$6K
EDUCATION
2020
$6K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$6K
GENERAL USE AND/OR SPECIAL FUND/PROJECT
2020
$1K
SCHOLARSHIP
2020
$500
Operating Grant
2020
$500
GENERAL PURPOSE - WCSG OUTREACH
2020
$500
GENERAL PURPOSE - WCSG OUTREACH -19
2020
$70K
For grant recipient's exempt purposes
2019
$10K
DONATION TO MINISTRY
2019
$10K
DONATION TO MINISTRY
2019
$10K
UNRESTRICTED GENERAL SUPPORT
2019
$8K
GENERAL OPERATING SUPPORT
2019
$1K
SCHOLARSHIP
2019
$125K
For grant recipient's exempt purposes
2018
$25K
General Support
2018
$15K
ANNUAL CAMPAIGNS
2018
$10K
GENERAL SUPPORT
2018
$9K
WORSHIP RENEWAL PROJECT
2018
$8K
GENERAL OPERATING SUPPORT
2018
$686K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017
$9K
WORSHIP RENEWAL PROJECT
2017
$1K
SCHOLARSHIP
2017

Funded by

$7.4M from 60 funders · 147 grants · 2017–2024

Natl Christian Charitable Fdn Inc

$3.1M · 5 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$1.3M · 8 grants · 2017–2023

Onequest Foundation

$1.2M · 2 grants · 2022–2023

Jerry & Marcia Tubergen Foundation

$205K · 1 grant · 2020

The David And Carol Van Andel Family

$200K · 2 grants · 2020–2022

The Lloyd And Mabel Johnson

$140K · 4 grants · 2020–2024

Grand Haven Area Community

$108K · 6 grants · 2018–2024

Steve & Amy Van Andel Foundation

$105K · 4 grants · 2020–2023

Details

EIN381443369
NTEE codeB430
Subsection03
Ruling date1994-05
Formed1941
Employees1117
Volunteers170
CORNERSTONE UNIVERSITY — Mission, Financials & Grants Received | Grantivo