Cornerstone University
1001 E Beltline Ave NE, Grand Rapids, MI · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $47,226,279 | $48,219,533 | $97,702,298 |
| FY2024 | $53,639,419 | $55,326,488 | $97,765,236 |
| FY2023 | $53,411,196 | $53,362,947 | $97,767,002 |
| FY2022 | $59,861,010 | $56,196,902 | $98,183,471 |
| FY2021 | $58,079,674 | $50,218,529 | $96,119,886 |
| FY2020 | $55,341,460 | $51,083,926 | $87,312,531 |
| FY2019 | $54,068,050 | $51,532,223 | $83,131,645 |
| FY2018 | $63,603,179 | $54,282,332 | $80,946,860 |
| FY2017 | $62,802,645 | $56,404,972 | $71,780,384 |
| FY2016 | $65,632,400 | $57,831,305 | $64,951,788 |
| FY2015 | $60,791,206 | $56,422,282 | $57,533,878 |
| FY2014 | $63,692,790 | $55,824,764 | $53,519,504 |
| FY2013 | $60,054,018 | $54,678,080 | $45,304,120 |
| FY2012 | $58,700,175 | $51,937,218 | $39,185,923 |
Form 990 filings
The returns filed by Cornerstone University (EIN 38-1443369), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $5,960,537 | 13% |
| Program service revenue | $40,919,480 | 87% |
| Other revenue | $346,262 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $36,667,071 | 76% |
| Management & general | $10,143,436 | 21% |
| Fundraising | $1,409,026 | 3% |
What the numbers show
- Program service revenue made up 87% of total revenue in FY2025.
- Program services accounted for 76% of functional expenses, management & general 21%, and fundraising 3%.
- 76% of functional expenses went to program services in FY2025. That is higher than 22.2% of 63 Education organizations in MI.
- Net assets covered about 24.3 months of expenses at the end of the reporting year. That puts it in the 57th percentile among 1365 Education organizations in MI.
- Total revenue was higher than 98.4% of 1396 Education organizations in MI.
- Total revenue fell from $58,700,175 in FY2012 to $47,226,279 in FY2025. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2024, FY2025).
- The highest revenue on record here is $65,632,400 in FY2016.
- Net assets grew from $39,185,923 to $97,702,298 between FY2012 and FY2025.
- Contributions and grants made up 19% of revenue in FY2012 and 13% in FY2025.
- Listed in the IRS Publication 78 data as a central organization with a group exemption; its subordinate units may also be eligible.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
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.
IRS status
| Ruling year | 1994 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education (in MI) |
| Donations | Listed in the IRS Publication 78 data as a central organization with a group exemption; its subordinate units may also be eligible. |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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