Totals
- Total revenue
- $4,418,337
- Total expenses
- $4,849,353
- Contributions and grants received
- $4,152,850
- Grants paid
- $0
- Program service revenue
- $208,489
- Investment income
- $21,179
- Other revenue
- $35,819
- Total assets, end of year
- $7,171,886
- Total liabilities, end of year
- $1,399,260
- Net assets or fund balances, end of year
- $5,772,626
- Program services expenses (Part IX)
- $4,088,216
- Management and general expenses
- $513,954
- Fundraising expenses
- $247,183
- Program service expenses (Part III)
- $4,088,216
Program services were 84.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$221,872
-
1f · All other contributions, gifts and grants
$3,930,978
-
2a · Program service revenue: PROGRAM RENTAL INCOME
total $127,002 · related or exempt $127,002
-
2b · Program service revenue: OTHER PROGRAM INCOME
total $53,843 · related or exempt $53,843
-
2c · Program service revenue: REIMBURSEMENTS FOR PRO
total $27,644 · related or exempt $27,644
-
3 · Investment income
total $76,425 · excluded $76,425
-
7b · Less cost or other basis and sales expenses
other assets $55,246
-
7c · Gain or loss
other assets -$55,246
-
7d · Net gain or loss
total -$55,246 · excluded -$55,246
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $19,539 · related or exempt $19,539
-
11b · Other revenue: PAYROLL TAX CREDITS
total $16,280 · excluded $16,280
-
11e · Other revenue, total
$35,819
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $275,626 · program services $220,500 · management and general $27,563 · fundraising $27,563
-
7 · Other salaries and wages
total $687,397 · program services $452,056 · management and general $94,618 · fundraising $140,723
-
8 · Pension plan contributions
total $25,694 · program services $17,944 · management and general $3,260 · fundraising $4,490
-
9 · Other employee benefits
total $104,477 · program services $72,965 · management and general $13,255 · fundraising $18,257
-
10 · Payroll taxes
total $71,024 · program services $49,602 · management and general $9,011 · fundraising $12,411
-
11b · Fees: legal
total $19,168 · program services $12,600 · management and general $6,568
-
11c · Fees: accounting
total $169,078 · program services $31,966 · management and general $137,112
-
11g · Fees: other
total $2,869,900 · program services $2,848,294 · management and general $21,606
-
12 · Advertising and promotion
total $113,280 · program services $113,280
-
13 · Office expenses
total $14,036 · program services $5,535 · management and general $8,501
-
14 · Information technology
total $64,205 · program services $1,174 · management and general $63,031
-
16 · Occupancy
total $144,736 · program services $86,732 · management and general $32,712 · fundraising $25,292
-
17 · Travel
total $34,893 · program services $23,453 · management and general $11,440
-
19 · Conferences, conventions and meetings
total $78,454 · program services $56,830 · management and general $21,624
-
22 · Depreciation, depletion and amortization
total $71,075 · program services $42,591 · management and general $16,064 · fundraising $12,420
-
23 · Insurance
total $34,489 · program services $20,667 · management and general $7,795 · fundraising $6,027
-
24a · Other expenses: DUES & MEMBERSHIPS
total $46,167 · program services $29,861 · management and general $16,306
-
24b · Other expenses: BAD DEBT EXPENSE
total $21,744 · management and general $21,744
-
24e · All other expenses
total $3,910 · program services $2,166 · management and general $1,744
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $398 · end of year $283,383
-
2 · Savings and temporary cash investments
beginning of year $4,040,156 · end of year $2,290,154
-
3 · Pledges and grants receivable
beginning of year $657,310 · end of year $360,344
-
4 · Accounts receivable
beginning of year $139,341 · end of year $22,935
-
7 · Other notes and loans receivable
beginning of year $41,977 · end of year $165
-
9 · Prepaid expenses and deferred charges
beginning of year $21,802 · end of year $62,780
-
10a · Land, buildings and equipment: cost or other basis
$3,909,166
-
10b · Land, buildings and equipment: accumulated depreciation
$864,392
-
10c · Land, buildings and equipment, net
beginning of year $3,142,624 · end of year $3,044,774
-
15 · Other assets
beginning of year $956,277 · end of year $1,107,351
-
17 · Accounts payable and accrued expenses
beginning of year $123,621 · end of year $151,377
-
19 · Deferred revenue
beginning of year $2,060,514 · end of year $484,701
-
23 · Secured mortgages and notes payable
beginning of year $692,913 · end of year $692,913
-
25 · Other liabilities
beginning of year $70,269 · end of year $70,269
-
27 · Net assets without donor restrictions
beginning of year $5,206,233 · end of year $5,527,465
-
28 · Net assets with donor restrictions
beginning of year $846,335 · end of year $245,161
Mission and programs · 2023
Mission
SEE SCHEDULE O
-
CORNERSTONE ALLIANCE IS AN ECONOMIC DEVELOPMENT ORGANIZATION (EDO) ENGAGED IN ACTIVITIES TO IMPROVE THE ECONOMIC PERFORMANCE OF MICHIGAN'S GREAT SOUTHWEST. THE 2022-2024 STRATEGIC PLAN IS FOCUSED ON FOUR INITIATIVES: ECONOMIC GROWTH, PHYSICAL DEVELOPMENT, COMMUNITY LEADERSHIP AND ORGANIZATIONAL DEVELOPMENT.
Expenses $4,088,216 · Revenue $228,028
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John JanickJOHN JANICK
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Michael TodmanMICHAEL TODMAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Bryan Von DorpowskiBRYAN VON DORPOWSKI
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Christopher CookCHRISTOPHER COOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gloria EnderGLORIA ENDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott GeikSCOTT GEIK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shelley KlugSHELLEY KLUG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim MartinTIM MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott McFarlandSCOTT MCFARLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rick VillaRICK VILLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ken WhahKEN WHAH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pam KlynPAM KLYN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Natalie BaggioNATALIE BAGGIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim DrewsTIM DREWS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim DyerTIM DYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laura GoosLAURA GOOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Vail HardingVAIL HARDING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julio MartinezJULIO MARTINEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Todd ObrenTODD OBREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian DissetteBRIAN DISSETTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
George SaleebyGEORGE SALEEBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shane LiesSHANE LIES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dave KinsmanDAVE KINSMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert ClevelandROBERT CLEVELAND
PRESIDENT/CEO
- Total calculated
- $275,625
- From this org
- $262,106
- From related orgs
- $0
- Other
- $13,519
- Hours/week
- 40 + 10 related
Schedule J breakdown matched by us
- Base
- $262,106
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $13,519
- Filer's total
- $275,625
-
Christina FrankCHRISTINA FRANK
VP OF EXTRNAL AFFAIRS
- Total calculated
- $138,700
- From this org
- $135,535
- From related orgs
- $0
- Other
- $3,165
- Hours/week
- 40 + 10 related
-
Andrew HaanANDREW HAAN
VP OF BUSINESS DEVELOPMENT
- Total calculated
- $125,000
- From this org
- $125,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 10 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · DEVELOPING ECONOMIC ACTIVITIES TO SUPPORT CORNERSTONE ALLIANCE · MI · controlled entity
Directly controlled by CORNERSTONE ALLIANCE
-
CORNERSTONE PUBLIC ASSET FUND INC
501(C)(3) · DEVELOPMENT AND IMPLEMENTATION OF ECONOMIC GROWTH · MI · controlled entity
Directly controlled by CORNERSTONE ALLIANCE
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
RENAISSANCE DEVELOPMENT LAND COMPANY LLC
REAL ESTATE DEVELOPMENT · MI · income $0 · assets $384,464
Directly controlled by CORNERSTONE ALLIANCE
-
CORNERSTONE SAND CREEK DEVELOPMENT CO LLC
REAL ESTATE DEVELOPMENT · MI · income $0 · assets $0
Directly controlled by CORNERSTONE ALLIANCE
-
CORNERSTONE HOPE VI LLC
REAL ESTATE DEVELOPMENT · MI · income $0 · assets $0
Directly controlled by CORNERSTONE ALLIANCE
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
BENTON HARBOR HOPE VI PHASE IV LDHA
EXCLUDED · REAL ESTATE DEVELOPMENT · MI · 99.99% owned · share of income -$67,492
Directly controlled by CORNERSTONE HOPE VI LLC
-
BENTON HARBOR HOPE VI PHASE II LDHA
EXCLUDED · REAL ESTATE DEVELOPMENT · MI · 0.01% owned · share of income -$46
Directly controlled by CORNERSTONE HOPE VI LLC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423199349311432
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.