CORNERSTONE UNIVERSITY
1001 E Beltline NE, Grand Rapids, MI 49525 www.cornerstone.edu

Total Revenue
$55,341,460
Total Expenses
$51,083,926
Net Assets
$87,312,531

Organizations Filed Purposes: The University, including Grand Rapids 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.

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.

Academic instruction and academic support make up the educational expenses. The university has over 270 full- and part-time staff and faculty. We have just under 2000 students on a 130-acre campus as well as an off-site location in Kalamazoo.

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. Through the CARES Act, we provided eligible students with 757,146 in relief grants.

Auxiliaries include room board, apartment rentals, hospitality events, and radio ministries. Cornerstone Radio Ministries includes the operations of five non-commercial radio stations WCSG - Grand Rapids with signals also in Kalamazoo, Benton Harbor and Battle Creek. 3,444,411 is included in contribution revenue on Part VIII, Line 1f.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Dr Joseph StowellPresident50$180,173
John VerberkmoesVP Dean of Seminary50$139,277
Peter OsbornAssoc VP of Adult Lrng50$135,543
Robert SackVP of Advancement50$112,583
Scott StewartVP CFO50$96,022
Dr Don DenyesTrustee, Vice Chair1$7,493
Daniel WielhouwerTrustee1$0
Artie LindsayTrustee1$0
Lee JuneTrustee1$0
Joe McdonaldTrustee1$0
Drew MartinTrustee1$0
Lori CookTrustee1$0
Rick KooleTrustee1$0
Dr Lee ZuidemaTrustee, Secretary1$0
Doug BuschTrustee1$0
Kelly MillerTrustee1$0
David PrayTrustee1$0
Dr Albert MeredithTrustee1$0
Steven HawksTrustee, Treasurer1$0
Kristy TaylorTrustee1$0
Carole BosTrustee, Chair1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202002879349300805_public.xml