CORNERSTONE SCHOOLS ASSOCIATION

CORNERSTONE SCHOOLS ASSOCIATION

DETROIT, MI, US
501(c)(3)
EIN
38-2995984
School

CORNERSTONE SCHOOLS ASSOCIATION

DETROIT, MI, US
501(c)(3)
EIN
38-2995984
School

Overview

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Est.

1991

Fiscal Year Start

Aug 1

Organization Type

Grantseeker
AI Summary
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Cornerstone Schools Association is a nonprofit organization focused on enhancing elementary and secondary education in Detroit, Michigan. With an operating budget of $1.5 million and total revenue of $911.6K for the 2024 filing year, the organization works in partnership with families, schools, and the business community to create centers of hope that prepare students for a well-rounded life through academics, athletics, and after-school activities. The organization does not rely on a single funder for 50% or more of its revenue. For more information, visit www.cornerstoneschools.org.

Mission Statement

CORNERSTONE WILL, THROUGH PARTNERSHIP WITH FAMILIES, SCHOOLS, THE BUSINESS COMMUNITY, AND A BROAD AND BELOVED COMMUNITY, SUPPORT THE EFFORT TO BUILD A MODEL OF EXCELLENCE IN URBAN EDUCATION BY ENCOURAGING THE CREATION OF CENTERS OF HOPE FOR THE CHILDREN OF DETROIT WHICH WILL PREPARE STUDENTS TO LIVE THE COMPLETE LIFE THROUGH ACADEMICS, ATHLETICS AND AFTER SCHOOL ACTIVITIES.
Revenues

$911.6K

Expenses

$1.5M

Net Income:
-$543.3K
Assets

$7.4M

Liabilities

$93.9K

Net Assets:
+$7.3M
Operating Budget

$1.5M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

5

Median grant size
$15K
Largest grant received
$25K
C
Carol Mansfield
Board Member
J
Joe Thorrez
Board Member
M
Mike Carr
Board Member

Frequently Asked Questions

What is CORNERSTONE SCHOOLS ASSOCIATION’s budget?
In 2024, CORNERSTONE SCHOOLS ASSOCIATION reported an annual operating budget of around $1.5 million. More detailed financial information is available to registered users.
What causes does CORNERSTONE SCHOOLS ASSOCIATION support?
CORNERSTONE SCHOOLS ASSOCIATION supports work in Elementary and secondary education.
Where does CORNERSTONE SCHOOLS ASSOCIATION operate?
CORNERSTONE SCHOOLS ASSOCIATION is headquartered in DETROIT, MI.
Who funded CORNERSTONE SCHOOLS ASSOCIATION recently?
In 2024, CORNERSTONE SCHOOLS ASSOCIATION received grants from NATL CHRISTIAN CHARITABLE FDN INC, PETCOFF FAMILY FOUNDATION, and DONOR ADVISED CHARITABLE GIVING INC. More information on this organization’s funders is available to registered users.
What is the largest grant CORNERSTONE SCHOOLS ASSOCIATION received in 2024?
The largest grant to CORNERSTONE SCHOOLS ASSOCIATION in 2024 exceeds $25 thousand.
Overview
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