2023-01-12T00:00:00-06:00 2021-12-31 351307701 KRUGGEL LAWTON & COMPANY LLC 526 UPTON DRIVE ST JOSEPH MI 49085 990 2021-01-01 464405437 CORNERSTONE PUBLIC ASSET FUND INC CORN 2699256100 80 W MAIN ST BENTON HARBOR MI 49022 CHRISTOPHER J COOK PRESIDENT 2699256100 2023-01-09 1 CHRISTOPHER COOK 999009999 ROBERT ALEX SCHAEFFER P01439018 2699830131 2023-01-09 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z CHRISTOPHER J COOK 80 W MAIN ST BENTON HARBOR MI 49022 6830346 0 X N/A X 2013 MI CORNERSTONE PUBLIC ASSET FUND, INC. IS ENGAGED IN THE DEVLOPMENT AND IMPLEMENTATION OF ECONOMIC GROWTH IN PARTNERSHIP WITH LOCAL COMMUNITIES AND MUNICIPALITIES. IT OPERATES AS A SUPPORTING ORGANIZATION TO CORNERSTONE ALLIANCE, A PUBLIC CHARITY. 7 7 97 15 0 0 330160 3376321 2094521 2861355 0 0 57994 72805 2482675 6310481 0 2298750 0 0 1442510 1512958 0 0 0 6748862 3284960 8191372 7096668 -5708697 -786187 23927537 24614270 404209 761317 23523328 23852953 X CORNERSTONE PUBLIC ASSET FUND, INC IS ENGAGED IN THE DEVELOPMENT AND IMPLEMENTATION OF ECONOMIC GROWTH IN PARTNERSHIP WITH LOCAL COMMUNITITES AND MUNICIPALITIES. IT OPERATES AS A SUPPORTING ORGANIZATION TO CORNERSTONE ALLIANCE, A PUBLIC CHARITY. 1 0 2998411 5000 2888758 SEE SCHEDULE O 2846126 2293750 32202 CARE COUNTS GRANTS: WHIRLPOOL BRAND'S CARE COUNTS CAMPAIGNPROVIDES LAUNDRY UNITS TO SCHOOLS IN LOW INCOME COMMUNITIES TOASSIST TEACHERS AND STAFF WASH CLOTHES FOR THEIR STUDENTS. IN ANEFFORT TO REDUCE ABSENTEEISM, THE PROGRAM IS ALSO FINDING THATTRUANCY RATES ARE LOWER AND THAT PARTICIPATION IN CLASSROOMS, ASWELL AS GRADES, ARE HIGHER. AS AN EXTENSION OF THIS PROGRAM,WHIRLPOOL BRAND PROVIDES GRANTS TO SOME SCHOOLS TO HELP THEMPREPARE FOR THE LAUNDRY UNITS AND/OR TO PURCHASE SUPPLIES NEEDEDTO DO LAUNDRY. 236342 0 13200 MICHIGAN'S GREAT SOUTHWEST STRATEGIC LEADERSHIP COUNCIL: THE ROLE OF THE COUNCIL IS TO BRING LEADERS FROM BUSINESS, GOVERNMENT, NONPROFIT, AND EDUCATION TOGETHER TO WORK COLLABORATIVELY TO ACHIEVE THE MISSION OF THE COUNCIL. LEADERS ARE BASED LOCALLY IN BERRIEN COUNTY, MI AND ARE ALL VOLUNTEER PARTICIPANTS. 6080879 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 21 0 1 97 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 0 0 0 0 0 0 0 MI X THE ORGANIZATION 2699256100 80 W MAIN STREET BENTON HARBOR MI 49022 X D JEFFERY NOEL PRESIDENT 0.25 0.00 X X 0 0 0 JEFF GILBERTSON VICE PRESIDENT 0.25 0.00 X X 0 0 0 RON GRIESINGER SECRETARY 0.25 0.00 X X 0 0 0 SAM ABDELNOUR DIRECTOR 0.25 0.00 X 0 0 0 ROB CLEVELAND DIRECTOR 0.25 40.00 X 0 0 0 PAMELA KLYN DIRECTOR 0.25 0.00 X 0 0 0 MIKE TODMAN DIRECTOR 0.25 0.00 X 0 0 0 JOSH DOXTATOR GENERAL MANAGER 40.00 0.00 X 150872 0 20000 150872 0 20000 1 0 1 0 0 3376321 3376321 PUBLIC GOLF COURSE 713910 2861355 2861355 2861355 19200 0 19200 19200 19200 573470 519865 53605 53605 6310481 2934160 0 0 2298750 2298750 1256394 890056 366338 94664 49327 45337 161900 130446 31454 15835 15835 1780 1780 61843 21475 40368 267413 265460 1953 75450 15954 59496 16843 433 16410 21461 508 20953 223959 216590 7369 65294 31358 33936 70715 1220 69495 687833 687833 58294 2645 55649 GIFTS & AWARDS 533592 533592 SUPPLIES 399506 243001 156505 FIXTURES AND EQUIPMENT 334299 331981 2318 MISELLANEOUS 175152 121418 53734 275691 237052 38639 7096668 6080879 1015789 0 219441 1009568 90972 356981 92869 147841 50558 29237 27347166 4276523 23473697 23070643 23927537 24614270 115436 334151 288773 427166 404209 761317 X 23523328 23852953 23523328 23852953 23927537 24614270 X -786187 1115812 X X 0 1 X 1 0 X X X 1 CORNERSTONE ALLIANCE 382772476 7 1 0 0 1 0 0 0 400000 70000 330160 3376321 4176481 400000 70000 330160 3376321 4176481 41470 4135011 4176481 12820529 0.99010 X 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18514500 18514500 5338325 1899499 3438826 3001458 1970344 1031114 492883 406680 86203 23070643 X 7946158 1115812 1115812 6830346 -519865 -519865 6310481 7616533 519865 519865 7096668 0 7096668 PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT CORPORATION UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE AND IS NOT CONSIDERED A PRIVATE FOUNDATION. IT IS ORGANIZED TO PROVIDE A VARIETY OF SERVICES TO RESIDENTS IN BERRIEN, CASS, AND VAN BUREN COUNTIES AND REVENUES ARE GENERATED THROUGH A VARIETY OF STATE AND LOCAL GRANT PROGRAMS. THE ORGANIZATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ("GAAP") REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE OR OTHER APPLICABLE TAXING AUTHORITIES. NO SUCH TAX LIABILITY HAS BEEN RECOGNIZED. HSGC IS A DISREGARDED ENTITY FOR TAX PURPOSES AND IS INCLUDED WITH THE TAX-EXEMPT ORGANIZATION. AS OF THE YEAR END, THERE ARE NO MATERIAL UNRECOGNIZED/DERECOGNIZED TAX BENEFITS OR TAX PENALTIES OR INTEREST. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE THREE YEARS BEFORE THE CURRENT YEAR END. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS - WHIRLPOOL COLLECTIVE IMPACT FUND 676,849. NET ASSETS - MICHIGAN'S GREAT SOUTHWEST STRATEGIC LEADERSHIP COUNCIL 438,963. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -519,865. PART XII, LINE 2D - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD 519,865. 1 KINEXUS YOUTH SOLUTIONS INC 330 W MAIN ST STE 110 BENTON HARBOR MI 49022 821416934 501(C)(3) 93750 0 GENERAL SUPPORT BOYS & GIRLS CLUBS OF BENTON HARBOR 600 NATE WELLS SR DR BENTON HARBOR MI 49022 383461586 501(C)(3) 1200000 0 GENERAL SUPPORT FIRST TEE OF BENTON HARBOR 201 GRAHAM AVENUE BENTON HARBOR MI 49022 204206065 501(C)(3) 200000 0 GENERAL SUPPORT BENTON HARBOR EDUCATION FOUNDATION 1328 ST JOSEPH CIRCLE ST JOSEPH MI 49085 823690593 501(C)(3) 250000 0 GENERAL SUPPORT LAKESHORE EXCELLENCE FOUNDATION 5771 CLEVELAND AVE STEVENSVILLE MI 49127 383402730 501(C)(3) 250000 0 GENERAL SUPPORT ST JOSEPH PUBLIC SCHOOLS FOUNDATION 2580 S CLEVELAND AVENUE ST JOSEPH MI 49085 383296523 501(C)(3) 250000 0 GENERAL SUPPORT CORNERSTONE PUBLIC ASSET FUND INC 80 W MAIN ST BENTON HARBOR MI 49022 464405437 501(C)(3) 50000 0 GENERAL SUPPORT 7 0 PART I, LINE 2: ALL RECIPIENTS MUST SUBMIT TO A FINANCIAL REIVEW, IF REQUESTED, AND REPAY ANY PORTION OF THE GRANT THAT IS NOT USED FOR THE DESIGNATED PURPOSE. THEY MUST ALSO SUBMIT ANNUAL PROGRESS REPORTS OF ACTIVITIES CARRIED ON UNDER THE GRANT, EVALUATION OF THE GRANT ACCOMPLISHMENT, AND COMPLETE FINANCIAL REPORTS DETAILING THE ULTIMATE USE OF THE GRANT FUNDS WHICH SHALL INCLUDE: (1) TOTAL FUNDS DISBURSED FOR THE PROJECT (2) TOTAL CPAF FUND DOLLARS UTILIZED (3) SPECIFIC ACCOMPLISHMENTS FOR THE KEY OBJECTIVES, AND IF NOT MET, THE REASON FOR NOT MEETING THESE ACCOMPLISHMENTS (4) ANY EXTERNAL EFFORTS OR THIRD PARTY VERIFICATION AS TO EFFECTIVENESS OF THE GRANTEE IN CARRYING OUT ITS PROGRAM OF WORK X X 0 0 0 0 0 0 0 0 0 JOSH DOXTATOR GENERAL MANAGER 150872 0 0 0 0 0 0 0 20000 0 170872 0 0 0 FORM 990, PART III, LINE 2 DURING 2021, CORNERSTONE PUBLIC ASSET FUND, INC MERGED WITH WHIRLPOOL COLLECTIVE IMPACT FUND AND MICHIGAN'S GREAT SOUTHWEST STRATEGIC LEADERSHIP COUNSEL AND UNDERTOOK PROGRAM SERVICES PREVIOUSLY PERFORMED BY THE MERGED ORGANIZATIONS. SEE PROGRAM SERVICES LISTED ON PART III, LINES 4B AND 4C. FORM 990, PART III, LINE 4A: OPERATION OF A PUBLIC GOLF COURSE: CORNERSTONE PUBLIC ASSET FUND, INC. ("CPAF") IS ORGANIZED AND OPERATED TO PROVIDE PUBLIC RECREATIONAL FACILITIES FOR THE BENEFIT OF THE COMMUNITY OF BENTON HARBOR, MICHIGAN. DURING THE FISCAL YEAR ENDED, AS PART OF ITS MISSION TO RESTORE A BLIGHTED AREA OF THE COMMUNITY AND ENHANCE COMMUNITY ACCESS TO THIS AREA, CPAF OWNED AND OPERATED A PUBLIC GOLF COURSE AND PUBLIC PARK AREA THAT IS OPEN TO THE COMMUNITY. THE GOLF COURSE IS PARTIALLY LOCATED WITHIN THE CITY OF BENTON HARBOR'S JEAN KLOCK PARK. THE CITY, THROUGH THE OVERSIGHT COMMITTEE THAT IT CONTROLS, REVIEWS AND APPROVES THE OPERATIONS OF THE ENTIRE GOLF COURSE, INCLUDING THE FEES TO BE CHARGED TO THE PUBLIC. THIS ENSURES THAT THE FACILITIES ARE AVAILABLE TO THE COMMUNITY AT LARGE FOR THEIR RECREATIONAL ENJOYMENT. IN ADDITION, CPAF PROVIDES THE FOLLOWING BENEFITS TO THE COMMUNITY: 1. PROVIDED DAYS OF USE TO THE LOCAL FIRST THE GOLF PROGRAM FOR UNDERPRIVILEGED YOUTH, AT NO CHARGE. 2. PROVIDED DAYS OF USE TO LOCAL PUBLIC HIGH SCHOOLS FOR PRACTICE ROUNDS AND MATCHES, AT NO CHARGE. 3. PROVIDED UNLIMITED PASSES TO RESIDENTS OF THE CITY OF BENTON HARBOR AT SIGNIFICANTLY REDUCED COST. 4. PROVIDED FREE USE OF THE PROPER TO AREA RESIDENTS FOR WINTER ACTIVITIES WHEN CONDITIONS ALLOW FOR ACCESS TO THE COURSE WITHOUT THE RISK OF DAMAGE IN ADDITION, ALMOST HALF OF THE PERSONS EMPLOYED IN THE ONGOING OPERATION AND MAINTENANCE OF THE GOLF COURSE AND PARK ARE BENTON HARBOR RESIDENTS. MAINTAINING THIS LEVEL OF LOCAL RESIDENT EMPLOYMENT HAS AIDED IN LOWERING THE CITY'S SIGNIFICANTLY HIGH UNEMPLOYMENT RATE. MAINTENANCE AND IMPROVEMENT OF JEAN KLOCK PARK: PRIOR TO INVOLVEMENT BY CPAF, JEAN KLOCK PARK FALLEN INTO CONSIDERABLE DESPAIR. AS PART OF THE GOLF COURSE CONSTRUCTION PROCESS, CPAF MITIGATED CONTAMINATION, REMOVED TONS OF DEBRIS, AND RETURNED THE PARK TO A USEABLE STATE. EACH YEAR, CPAF PROVIDES ONGOING MAINTENANCE AND IMPROVEMENTS TO THE PARK PROPERTY. DURING THE FISCAL YEAR ENDED, CPAF SPENT APPROXIMATELY $115,000 ON THESE ACTIVITIES, INCLUDING MOWING, LANDSCAPING, CREATION AND MAINTENANCE OF WALKING TRAILS, CLEANING, AND MAINTENANCE OF WATERFRONT AREAS, ETC. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S TWO MEMBERS ARE WHIRLPOOL FOUNDATION AND CORNERSTONE ALLIANCE. FORM 990, PART VI, SECTION A, LINE 7A WHIRLPOOL FOUNDATION AND CORNERSTONE ALLIANCE HAVE THE RIGHT TO APPOINT DIRECTORS OF THE BOARD. WHIRLPOOL FOUNDATION APPOINTS TWO REPRESENTATIVES TO THE BOARD AND CORNERSTONE ALLIANCE APPOINTS FOUR REPRESENTATIVES TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE CORNERSTONE PUBLIC ASSET FUND GOLF OPERATION ARE OVERSEEN BY AN OVERSIGHT COMMITTEE THAT IS CONTROLLED BY THE CITY OF BENTON HARBOR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE SECRETARY OF THE BOARD PRIOR TO FILING. THE FULL BOARD WILL NOT RECEIVE A COPY OF THE FORM 990 PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE FOR PUBLIC INSPECTION. FINANCIAL STATEMENTS ARE SUMMARIZED IN AN ANNUAL REPORT WHICH IS AVAILABLE TO THE PUBLIC FORM 990, PART VI, SECTION A, LINE 6: THE ORGANIZATION'S TWO MEMBERS ARE WHIRLPOOL FOUNDATION AND CORNERSTONE ALLIANCE. FORM 990, PART VI, SECTION A, LINE 7A: WHIRLPOOL FOUNDATION AND CORNERSTONE ALLIANCE HAVE THE RIGHT TO APPOINT DIRECTORS OF THE BOARD. WHIRLPOOL FOUNDATION APPOINTS TWO REPRESENTATIVES TO THE BOARD AND CORNERSTONE ALLIANCE APPOINTS FOUR REPRESENTATIVES TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B: THE CORNERSTONE PUBLIC ASSET FUND GOLF OPERATION ARE OVERSEEN BY AN OVERSIGHT COMMITTE THAT IS CONTROLLED BY THE CITY OF BENTON HARBOR. FORM 990, PART VI, SECTION B, LINE 11B: THE FORM 990 IS REVIEWED BY THE SECRETARY OF THE BOARD PRIOR TO FILING. THE FULL BOARD WILL NOT RECEIVE A COPY OF THE FORM 990 PRIOR TO FILING THE RETURN. FORM 990, PART VI SECTION B, LINE 13: THE ORGANIZATION DOES NOT HAVE A FROMAL WHISTLEBLOWER POLICY IN PLACE BUT IS SUBJECT TO THE WHISTLEBLOWER POLICY OF HABOR SHORES COMMUNITY REDEVELOPMENT, INC., A RELATED ENTITY. FORM 990, PART VI SECTION B, LINE 14: THE ORGANIZATION DOES NOT HAVE A FORMAL WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY IN PLACE BUT IS SUBJECT TO THE WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY OF HARBOR SHORES COMMUNITY REDEVELOPMENT, INC., A RELATED ENTITY. FORM 990, PART VI SECTION C, LINE 19: GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE FOR PUBLIC INSPECTION. FINANCIAL STATEMENTS ARE SUMMARIZED IN AN ANNUAL REPORT WHICH IS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: NET ASSETS - WHIRLPOOL COLLECTIVE IMPACT FUND 676,849. NET ASSETS - MICHIGAN'S GREAT SOUTHWEST STRATEGIC LEADERSHIP COUNCIL 438,963. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN PROCESS FORM PRIOR YEAR. SCHEDULE A, PART II: DUE TO 2021 MERGER OF WHIRLPOOL COLLECTIVE IMPACT FUND AND MICHIGAN'S GREAT SOUTHWEST STRATEGIC LEADERSHIP COUNCIL, SUPPORT WAS APPROXIMATELY 50% FROM CONTRIBUTIONS AND 50% FROM GROSS RECEIPTS FROM RELATED ACTIVITIES. THE ORGANIZATION NO LONGER RECEIVED ALMOST ALL OF ITS SUPPORT FROM GROSS RECEIPTS FROM RELATED ACTIVITIES AND COMPLETED PART II OF SCHEDULE A. HARBOR SHORES GOLF COURSE LLC 201 GRAHAM AVENUE BENTON HARBOR MI 49022 205846412 CATALYST FOR ECONOMIC DEVELOPMENT MI CORNERSTONE PUBLIC ASSET FUND INC CORNERSTONE ALLIANCE 80 W MAIN ST BENTON HARBOR MI 49022 382774276 DEVELOPMENT OF ECONOMIC GROWTH IN THE CITY OF BENTON HARBOR MI 501(C)(3) LINE 7 N/A 0 RENAISSANCE DEVELOPMENT FUND 80 W MAIN ST BENTON HARBOR MI 49022 383367429 DEVELOPING ECONOMIC ACTIVITIES TO SUPPORT CORNERSTONE ALLIANCE MI 501(C)(3) LINE 12A, I CORNERSTONE ALLIANCE 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0