Totals
- Total revenue
- $342,767
- Total expenses
- $342,995
- Contributions and grants received
- $234,473
- Grants paid
- $0
- Program service revenue
- $67,996
- Investment income
- $0
- Other revenue
- $40,298
- Total assets, end of year
- $215,996
- Total liabilities, end of year
- $43,938
- Net assets or fund balances, end of year
- $172,058
- Program services expenses (Part IX)
- $265,951
- Management and general expenses
- $55,886
- Fundraising expenses
- $21,158
- Program service expenses (Part III)
- $265,951
Program services were 77.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$234,473
-
2a · Program service revenue: TUITION AND FEES
total $64,996 · related or exempt $64,996
-
2b · Program service revenue: WORK STUDY PROGRAM
total $3,000 · related or exempt $3,000
-
8a · Fundraising events: gross income
$77,955
-
8b · Fundraising events: direct expenses
$37,684
-
8c · Net income from fundraising events
total $40,271 · excluded $40,271
-
11a · Other revenue: MISCELLANEOUS
total $27 · related or exempt $27
-
11e · Other revenue, total
$27
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $221,114 · program services $183,768 · management and general $21,647 · fundraising $15,699
-
10 · Payroll taxes
total $17,491 · program services $14,537 · management and general $1,712 · fundraising $1,242
-
13 · Office expenses
total $11,275 · management and general $11,275
-
16 · Occupancy
total $36,500 · program services $30,335 · management and general $3,573 · fundraising $2,592
-
22 · Depreciation, depletion and amortization
total $5,336 · program services $4,435 · management and general $522 · fundraising $379
-
23 · Insurance
total $3,676 · program services $1,096 · management and general $2,486 · fundraising $94
-
24a · Other expenses: CONTRACT SERVICES
total $12,153 · program services $10,100 · management and general $1,190 · fundraising $863
-
24b · Other expenses: PROFESSIONAL FEES
total $8,370 · management and general $8,370
-
24c · Other expenses: EQUIP LEASE, MAINT, AND
total $4,065 · program services $3,378 · management and general $398 · fundraising $289
-
24d · Other expenses: FEES AND DUES
total $3,200 · program services $3,200
-
24e · All other expenses
total $19,815 · program services $15,102 · management and general $4,713
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $137,905 · end of year $131,677
-
4 · Accounts receivable
beginning of year $790 · end of year $35,106
-
9 · Prepaid expenses and deferred charges
beginning of year $11,277 · end of year $5,830
-
10a · Land, buildings and equipment: cost or other basis
$140,565
-
10b · Land, buildings and equipment: accumulated depreciation
$97,182
-
10c · Land, buildings and equipment, net
beginning of year $46,784 · end of year $43,383
-
17 · Accounts payable and accrued expenses
beginning of year $24,470 · end of year $43,938
-
27 · Net assets without donor restrictions
beginning of year $172,286 · end of year $172,058
Mission and programs · 2022
Mission
THE MISSION OF CORNERSTONE ACADEMY IS TO PROVIDE STUDENTS WITH AN INTENTIONALLY SMALL CHRISTIAN HIGH SCHOOL EXPERIENCE THAT IS PERSONALIZED, COMPREHENSIVE, AND LEADS TOWARD A DIPLOMA, A CHRISTIAN MORAL CODE, AND TOOLS FOR SELF-SUFFICIENCY.
-
CORNERSTONE ACADEMY PROVIDES STUDENTS WITH AN INTENTIONALLY SMALL CHRISTIAN HIGH SCHOOL EXPERIENCE THAT IS PERSONALIZED, COMPREHENSIVE, AND LEADS TOWARD A DIPLOMA, A CHRISTIAN MORAL CODE, AND TOOLS FOR SELF-SUFFICIENCY.THE CORNERSTONE ACADEMY WORK STUDY PROGRAM (THE "WORK STUDY PROGRAM") WAS FORMED DURING THE FISCAL YEAR ENDED JUNE 30, 2009. THE WORK STUDY PROGRAM PLACES ACADEMY STUDENTS AT CORPORATE SPONSOR JOB SITES ONE DAY A WEEK THROUGHOUT THE SCHOOL YEAR. CORPORATE SPONSORS TAKE 1 TO 5 STUDENT-WORKERS FOR A FEE OF $3,000 PER YEAR, PER STUDENT. THE STUDENTS GAIN WORK EXPERIENCE AND EARN MONEY THAT REDUCES THEIR SCHOOL COSTS; THE CORPORATE SPONSORS RECEIVE ENTRY-LEVEL CLERICAL WORKERS AT A COMPETITIVE PRICE.
Expenses $265,951
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Richard Vander MolenRICHARD VANDER MOLEN
VICE-TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
William SeitzWILLIAM SEITZ
DIRECTOR
- Total calculated
- $24,166
- From this org
- $24,166
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
-
Ed MasonED MASON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Cassie EngCASSIE ENG
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Tiffany BoerioTIFFANY BOERIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Clarence HowardCLARENCE HOWARD
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Jeffery FieldsJEFFERY FIELDS
PRINCIPAL
- Total calculated
- $55,416
- From this org
- $55,416
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Peggy SnowdenPEGGY SNOWDEN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Jordan BleyJORDAN BLEY
TREASURER
- Total calculated
- $0
- Hours/week
- 3
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
CORNERSTONE ACADEMY WORK STUDY PROGRAM
WORK STUDY PROGRAM · IL
Directly controlled by CORNERSTONE ACADEMY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401359349313850
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.