Cornerstone Initiative Inc
Donations deductibleRevenue
$327k
year to 31 December 2024
Expenses
$256k
year to 31 December 2024
Total assets
$326k
$7k liabilities
Net assets
$319k
assets less liabilities
Directors and trustees
8
4.3 years on average
Staff
4
employees, year to 31 December 2024
Left since last filing
2
25% of the board
Voting members
8
reported in Part VI
Cornerstone Initiative Inc's network
8 people2 organisationsi8 people and 2 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (8). Violet dotted lines (2) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
8 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 8 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Bill Nash | Spiritual Director | 2022 | 4 yrs |
| Brandon Carrin | Director | 2022 | 4 yrs |
| Caleb Ficken | Treasurer | 2022 | 4 yrs |
| Docquinn Taylor | Vice President | 2022 | 4 yrs |
| Elizabeth Jacobus | Company secretary | 2022 | 4 yrs |
| Jane Daniel | Director | 2023 | 3 yrs |
| Katie Herr | Director | 2022 | 4 yrs |
| Terry Boyd | Board President | 2022 | 4 yrs |
Under 5 years5 to 6 years6 years or more
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Terry Boyd | Board President | 0 | $0 | ||
| Docquinn Taylor | Vice President | 0 | $0 | ||
| Sarah Collins | Secretary | 0 | $0 | ||
| Brandon Carrin | Treasurer | 0 | $0 | ||
| David Myrick | Director | 0 | $0 | ||
| Johann Moore | Director | 0 | $0 | ||
| Jane Daniel | Director | 0 | $0 | ||
| Bill Nash | Spiritual Director | 0 | $0 | ||
| Elizabeth Feick | Director | 0 | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- Cornerstone Initiative Inc
- EIN
- 275159255
- Address
- Po Box 391, Huntsville, AL, 35804-0391
- State
- Alabama
- Mission
- 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. (as filed on the Form 990)
- Activity (NTEE)
- S47 Community improvement and capacity building
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 4 (IRS master file code)
- Formed
- 2011
- IRS ruling date
- 1 May 2013
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 5, latest 2023
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥4years on the filingsBill Nash
≥4years on the filingsBrandon Carrin
≥4years on the filingsCaleb Ficken
≥4years on the filingsDocquinn Taylor
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $326k
- Total liabilities
- $7k
- Net assets or fund balances
- $319k
- Contributions and grants received
- $320k
- Program service revenue
- $0
- Employees
- 4