Public Charity

Cornerstone University

Cornerstone University, of Grand Rapids, MI, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $47.2M in revenue, $48.2M in expenses, $106.6M in total assets. 95 publicly reported grants to this organization, totaling roughly $9.9M, appear in IRS filings.

EIN: 381443369 Grand Rapids, MI Universities NTEE: B43 Latest filing: 2025
Total Revenue$47.2M
Total Expenses$48.2M
Total Assets$106.6M
Grant Records95
Funding Total$9.9M
Filing Years2021–2025

Mission

The University, including Cornerstone Theological Seminary, Asia Biblical Theological Seminary, and radio ministries, 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.

Where $100 goes at Cornerstone University

How Cornerstone University divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$82 Programs the work itself
$16 Management running the organization
$2 Fundraising raising the next dollar

Inside the $82 for programs

$45
Academic instruction and academic support make up the educational expenses
55% of program spending
$15
Student services includes campus life and activities including athletics, health counseling services, enrollment services financial aid, etc
19% of program spending
$11
Auxiliaries include room and board, apartment rentals, hospitality and events, and radio ministries
13% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

VP for Academics Bradford Sample
Trustee Carole Bos
Trustee David Bernd
Trustee, Secretary David Pray
VP Finance / CFO David Veneklase Start 1023
VP for Strategic Initiatives Donald King

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$2,187,940 44 grants
Education
$701,527 25 grants
Religion & Spirituality
$78,696 8 grants
Arts & Culture
$52,350 3 grants
Civil Rights & Social Justice
$5,500 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $47.2M $48.2M $106.6M
2024 $53.6M $55.3M $105.2M
2023 $53.4M $53.4M $104.7M
2022 $59.9M $56.2M $108.3M
2021 $58.1M $50.2M $108.7M

Between 2021 and 2025, reported annual revenue declined from $58.1M to $47.2M (-19%), with total assets most recently reported at $106.6M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for Cornerstone University

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