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.
Public Charity
THE CORNERSTONE INITIATIVE
THE CORNERSTONE INITIATIVE, of Huntsville, AL, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $327K in revenue, $256K in expenses, $326K in total assets. 13 publicly reported grants to this organization, totaling roughly $244K, appear in IRS filings.
EIN: 275159255
Huntsville, AL
Real Estate Associations
NTEE: S47
Latest filing: 2024
Total Revenue$327K
Total Expenses$256K
Total Assets$326K
Grant Records13
Funding Total$244K
Filing Years2019–2024
Where $100 goes at The Cornerstone Initiative
How The Cornerstone Initiative divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$98
Programs
the work itself
<$1
Management
running the organization
$2
Fundraising
raising the next dollar
Inside the $98 for programs
$49
The Cornerstone Initiative is a faith-based nonprofit organizatuion committed to encouraging and equipping men and women in Madison County, Alabama as they navigate a pathway out of poverty…
$49
Line 4d
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
General Support
$14,700
Support for families to escape poverty through training and education
$8,000
For grant recipient's exempt purposes
$5,200
NEIGHBORHOOD & COMMUNITY
$17,106
NEIGHBORHOOD & COMMUNITY
$40,500
Showing up to 5 of 13 total records — full history available with membership.
Officers & Directors
SPIRITUAL DIRECTOR
Bill Nash
TREASURER
Brandon Carrin
DIRECTOR
David Myrick
VICE PRESIDENT
Docquinn Taylor
DIRECTOR
Elizabeth Feick
DIRECTOR
Jane Daniel
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $327K | $256K | $326K |
| 2023 | $319K | $244K | $257K |
| 2022 | $217K | $228K | $180K |
| 2020 | $261K | $205K | $199K |
| 2019 | $196K | $182K | $107K |
Between 2019 and 2024, reported annual revenue grew from $196K to $327K (+67%), with total assets most recently reported at $326K.
Interactive year-over-year charts and full filing details available with membership.