2015-10-09T01:27:38-00:00 2015-05-31 990 2014-06-01 381443369 Cornerstone University CORN 6169495300 1001 E Beltline NE Grand Rapids MI 49525 Dee Mooney VP CFO 6162541661 2015-10-09 false 2014 2016-02-25 16:41:14Z Dr Joseph Stowell 1001 E Beltline NE Grand Rapids MI 49525 63658718 false X www.cornerstone.edu X 1941 MI 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. 18 17 1402 170 0 11637771 7681608 51447925 52402043 397197 786692 209897 -79137 63692790 60791206 13960403 14490084 0 20136053 20961618 0 1496869 21728308 20970580 55824764 56422282 7868026 4368924 77354122 84413235 23834618 26879357 53519504 57533878 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. false false 40762132 14490084 50737791 Academic instruction, support, and student services make up the educational expenses. The university has over 270 full- and part-time staff and faculty. We have over 2500 students on a 130-acre campus as well as off-site locations in Kalamazoo, Lansing, and the Lakeshore area. Student services includes campus living and activities including athletics, health counseling services, enrollment services financial aid, etc. 1216717 1112551 Organized activities include summer sports camps, theater events, golf outings, special academic and athletic trips, banquets, and other miscellaneous activities. 2979101 551701 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 and Mission Network News. 2,969,245 is included in contribution revenue on Part VIII, Line 1f. 44957950 true true false false false false false true false true true false false false true true false true true true true false false false true false false false true true true false false false false false false false false false false true false false false true true false true false true 124 0 true 1402 true false true SN RP TH HK false false false true true false false false false X 18 17 false false false false false false false true true false false true true true true true true true true false X X Scott Stewart Controller Cornerston 6169495300 1001 E Beltline NE Grand Rapids MI 49525 Carole Bos Trustee, Vice Chair 001.00 X X 0 0 0 Dr Mark Campbell Trustee 001.00 X 0 0 0 Steven Cochlan Trustee 001.00 X 0 0 0 Dr Don Denyes Trustee, Secretary 001.00 001.00 X X 0 0 0 Jennie Dimkoff Trustee 001.00 X 0 0 0 Harvey Gainey Trustee 001.00 X 0 0 0 Steven Hawks Trustee, Chairman 001.00 X X 0 0 0 Dr Albert Meredith Trustee 001.00 X 0 0 0 David Pray Trustee 001.00 X 0 0 0 Joe Slaughter Trustee, Treasurer 001.00 X X 0 0 0 Dr Joseph Stowell President 050.00 001.00 X X 125989 0 98755 Dr Larry Thompson Trustee 001.00 X 0 0 0 Skot Welch Trustee 001.00 X 0 0 0 Daniel Wielhouwer Trustee 001.00 X 0 0 0 Dr Lee Zuidema Trustee 001.00 X 0 0 0 Rick Koole Trustee 001.00 X 0 0 0 Brian Sikma Trustee 001.00 X 0 0 0 Lori Cook Trustee 001.00 X 0 0 0 Dee Mooney VP CFO part-year 050.00 001.00 X 55988 0 1980 Marc Fowler Executive VP 050.00 001.00 X 119845 0 17772 William Knott VP for Advancement 050.00 001.00 X 122420 0 7186 Richard Ostrander Provost 050.00 001.00 X 120222 0 7812 John VerBerkmoes VP Dean of Seminary 050.00 X 108310 0 23193 Robert Sack VP of Advancement 050.00 X 112323 0 0 765097 156698 9 false true false Global Business Leadership Center PO Box 1191 Holland MI 49422 travel consulting services 475577 The Christman Company 208 N Capitol Ave Lansing MI 489331357 Construction contractor 8661655 Synergis Education Inc 1820 E Ray Rd Chandler AZ 85225 third party servicer of PGS program 2964104 Gilson Graphics 2000 Oak Industrial Dr NE Grand Rapids MI 49505 printing mailing services 224297 Royall & Company 1920 E Parham Rd Richmond VA 23228 provider of student names mailings 423000 18 57050 42721 7581837 230587 7681608 Tuition fee revenue 611710 41823651 41823651 Organized activity revenue 611710 1112551 1112551 Radio auxiliary revenue 611710 551701 551701 Other auxiliary revenue 611710 7262497 7262497 1651643 1651643 52402043 211651 211651 3381763 12100 2818822 562941 12100 575041 19020 57050 48690 -29670 -49467 60791206 52402043 162184 0 14490084 14490084 0 0 296052 296052 0 16287279 12673507 2723048 890724 1031367 803705 167734 59928 2203616 1574270 542131 87215 1143304 879288 206044 57972 0 93812 8072 85740 68445 68445 0 0 3529143 3529143 384599 224417 65069 95113 9983675 5190176 4531708 261791 902358 433555 468803 0 307949 307949 748622 648921 58690 41011 0 114549 93578 17856 3115 408748 326998 81750 15000 15000 3021580 2417264 604316 175383 140306 35077 Organized activities expenses 1216717 1216717 0 56422282 44957950 9967463 1496869 8475293 233325 296242 9964816 4602885 3042289 1480548 1492253 1402013 1176280 223488 256652 960325 895155 97625436 41079800 48223129 56545636 11690199 10806829 77354122 84413235 2967646 3727901 3624161 3546227 14010270 13231776 1793706 5001432 1438835 1372021 23834618 26879357 X 38537194 50215485 12136672 4424514 2845638 2893879 53519504 57533878 77354122 84413235 4368924 -354550 X X false true X true true true X 0.00000 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true false II-B 1-i Cornerstone University pays membership dues to several state, regional, and national professional organizations MICU, NAIA, NACUBO, NASFA, CIC, CCCU, etc. consisting of numerous colleges and universities. Some of the professional organizations include varying degrees of lobbying activities in their overall focus. 181392 X false false 7293710 95790 412420 299254 70928 7431738 7207167 175925 747245 244483 592144 7293710 6386838 216919 958712 273540 81762 7207167 6557026 262946 -163940 196498 72696 6386838 5138668 619703 1045658 178001 69002 6557026 0.17000 0.37500 0.45000 false false 2019826 2019826 67583936 19954258 47629678 17706439 13771425 3935014 10315235 7354117 2961118 56545636 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Liabilities under split interest agreements 1372021 1372021 X 45976242 -354550 29670 -324880 46301122 14490084 14490084 60791206 41961868 29670 29670 41932198 14490084 14490084 56422282 III 4 Cornerstone has some art sculptures displayed around campus that portray the Christian Worldview that we aspire to Creation, Fall, and Redemption. Since our school mascot is a Golden Eagle, we have a Golden Eagle sculpture in our athletic center. V 4 The endowment funds have been established to provide financial support to the University, to award scholarships to students, and generate operating funds for certain divisions across campus. X 2 The consolidated financial statement effects of a tax position taken or expected to be taken are recognized in the consolidated financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of May 31, 2015, the University had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements. XI 2d Direct expenses from fund raising events as listed on form 990, Part VIII, Line 8b XI 4b Scholarships and grants to students is a contra revenue on the financial statements XII 2d Direct expenses from fund raising events as listed on form 990, Part VIII, Line 8b XII 4b Scholarships and grants to students is a contra revenue on the financial statements true true true true true true true false false false false false false false false true false true 6a Funds are received from the State of Michigan and Federal government agencies for student financial aid and work study programs. true South Asia 1 1 program services theological education 15000 1 1 1 1 15000 15000 false false false false false false Golf Outing 76070 57050 19020 25923 4669 18098 76070 57050 19020 25923 4669 18098 48690 -29670 true Scholarships 1504 14490084 X X X true true X X false false false false false false false false false Dr Joseph Stowell President 98587 27402 3755 95000 224744 Part I Line 1a Employees who perform teaching or administrative duties at a theological seminary and are officially ordained, licensed, or commissioned may be able to use the Housing Allowance Benefit. Dr. Joseph Stowell, President of Cornerstone University Grand Rapids Theological Seminary, received a housing allowance. Part I Line 1a Occasional travel by the President requires his wife to travel with him for donor meetings that are essential to the business of the University. Part I Line 1a The Board of Trustees considers the Presidents membership at a local country club to be critical to furthering the business of the University. A Grand Rapids Economic Development Corporation 521701965 2013-10-24 11580000 refund 2004 bonds and finance a new residence hall false false false A 11580000 5400000 6180000 2013 true false true true A false false false false false true A false true true false false false true A true Part IV Line 2c The university did not experience any arbitrage due to the fact that it was a refunding tax exempt bond and all expenses were paid prior to the bond issue. X 7 230587 closing mkt value on day of gift 7 false true false Form 990, Part VI, Section B, Line 11a The Board receives an electronic copy of the Form 990 prior to filing. Management also reviews Form 990 with our independent CPA audit firm prior to filing. Form 990, Part VI, Section B, Line 12c In June, the Board members are sent a copy of the policy and conflict of interest agreement form to sign. They are asked to complete the conflict of interest survey questions by the end of July. Form 990, Part VI, Section B, Line 15a 15b The independent Executive Committee of the Board determines the wage for the President after reviewing salary comparisons of other like schools. The Vice Presidents wages are recommended by the President and approved by the Executive Committee of the Board. The processes are documented in the board minutes. Form 990, Part VI, Section C, Line 19 Cornerstone University makes its governing documents, conflict of interest policy, and financial statements available upon written request. The Form 990 is available on www.guidestar.org. Form 990, Part XII, Line 2c The audit committee of the Board of Trustees assumes the responsibility for oversight of the audit and selection of independent auditors. Form 990, Part XII, Line 3b Because Cornerstone University participates in the Federal Title IV Financial Aid programs, the university is required to have an A-133 Audit conducted on the schedule of federal financial aid expenditures. false false false false false false false false false false false false false false false false false true false Asia Biblical Theological Seminary LLC r 15000 cash method