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EIN 27-5159255

The Cornerstone Initiative

IRS 501(c) type
501(c)(3)
Num. employees
3
City
Huntsville
State
Alabama
Year formed
2011
Most recent tax filings
2022-12-01
NTEE code, primary
S47: Real Estate Organizations
Description
The CornerStone Initiative is a faith-based nonprofit organization committed to encouraging and equipping men and women in Madison County, Alabama as they navigate a pathway out ofpoverty to a place of sustainable self-sufficiency. The Cornerstone Initiative is a relationship and asset-based community development organization committed to empowering individuals and neighborhoods through education, employment, and enrichment.
Total revenues
$216,620
2022
Total expenses
$227,554
2022
Total assets
$180,170
2022
Num. employees
3
2022

Program areas at The Cornerstone Initiative

The CornerStone Initiative is a faith-based nonprofit organizatuion committed to encouraging and equippingmen and women in Madison County, Alabama as they navigate a pathway out of poverty to a place of sustainable self-sufficiency.

Who funds The Cornerstone Initiative

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Community Foundation of Greater HuntsvilleNeighborhood & Community$40,500
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$17,300
Cadence Bank FoundationGeneral Use$15,000
...and 1 more grant received

Personnel at The Cornerstone Initiative

NameTitleCompensation
Debbi AkersExecutive Director
Tony AkersDirector of Ministry Initiatives
Harmony HeardChair of Board$0
Bill NashSecretary$0
Shakira EllisBoard Member$0
...and 6 more key personnel

Financials for The Cornerstone Initiative

RevenuesFYE 12/2022
Total grants, contributions, etc.$212,291
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$4,329
Total revenues$216,620

Form 990s for The Cornerstone Initiative

Fiscal year endingDate received by IRSFormPDF link
2021-122022-11-07990View PDF
2020-122021-11-11990View PDF
2019-122021-02-26990View PDF
2018-122019-10-31990View PDF
2017-122019-02-21990View PDF
...and 5 more Form 990s

Organizations like The Cornerstone Initiative

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Free At Last PropertiesEast Palo Alto, CA$179,211
Inglewood Board of RealtorsInglewood, CA$305,408
Southeast Alabama Self Help AssnTuskegee Institute, AL$736,793
Acts 2 ToledoToledo, OH$238,226
Cleveland OwnsCleveland, OH$258,139
Stanford Professionals in Real EstateLos Altos, CA$855,411
Public Facilities GroupSeattle, WA$190,787
Surplus Property RoundtableAnn Arbor, MI$140,570
Community Management AssociationWestmont, IL$178,544
Echo Resource DevelopmentBaltimore, MD$99,160
Data update history
July 6, 2023
Updated personnel
Identified 1 new personnel
June 26, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 14, 2023
Received grants
Identified 2 new grant, including a grant for $25,900 from Community Foundation of Greater Huntsville
March 22, 2023
Updated personnel
Identified 7 new personnel
September 22, 2021
Received grants
Identified 1 new grant, including a grant for $50,000 from Alpha Foundation
Nonprofit Types
Business and community development organizationsReal estate organizationsFamily service centersCharities
Issues
No issues found
Characteristics
State / local levelTax deductible donations
General information
Address
PO Box 391
Huntsville, AL 35804
Metro area
Huntsville, AL
County
Madison County, AL
Website URL
cornerstone-al.com/ 
Phone
(256) 694-5393
IRS details
EIN
27-5159255
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2011
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S47: Real Estate Organizations
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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