Cornerstone University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 58,700,175 | 51,937,218 | 6,762,957 | 9.1 | 30% |
| 2013 | 60,054,018 | 54,678,080 | 5,375,938 | 9.9 | 29% |
| 2014 | 63,692,790 | 55,824,764 | 7,868,026 | 11.5 | 29% |
| 2015 | 60,791,206 | 56,422,282 | 4,368,924 | 12.2 | 29% |
| 2016 | 65,632,400 | 57,831,305 | 7,801,095 | 13.5 | 29% |
| 2017 | 62,802,645 | 56,404,972 | 6,397,673 | 15.3 | 29% |
| 2018 | 63,603,179 | 54,282,332 | 9,320,847 | 17.9 | 31% |
| 2019 | 54,068,050 | 51,532,223 | 2,535,827 | 19.4 | 33% |
| 2020 | 55,341,460 | 51,083,926 | 4,257,534 | 20.5 | 34% |
| 2021 | 58,079,674 | 50,218,529 | 7,861,145 | 23.0 | 34% |
| 2022 | 59,861,010 | 56,196,902 | 3,664,108 | 21.0 | 31% |
| 2023 | 53,411,196 | 53,362,947 | 48,249 | 22.0 | 33% |
| 2024 | 53,639,419 | 55,326,488 | −1,687,069 | 21.2 | 33% |
In its most recent public year (2024), this organization spent $1,687,069 more than it brought in. Its reserves stood at about 21.2 months of spending, up from 9.1 in 2012. Staff pay was 33% of spending. $46,628,821 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Cornerstone University's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works