Form 990 for tax year 2023
Filed by CORNERSTONE SCHOOLS OF ALABAMA INC.
Totals
- Total revenue
- $11,283,401
- Total expenses
- $8,625,325
- Contributions and grants received
- $10,289,261
- Grants paid
- $0
- Program service revenue
- $760,412
- Investment income
- $360,870
- Other revenue
- -$127,142
- Total assets, end of year
- $17,979,083
- Total liabilities, end of year
- $786,041
- Net assets or fund balances, end of year
- $17,193,042
- Program services expenses (Part IX)
- $6,722,662
- Management and general expenses
- $1,748,307
- Fundraising expenses
- $154,356
- Program service expenses (Part III)
- $6,722,662
Program services were 77.9% 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.
-
1c · Fundraising events
$589,560
-
1e · Government grants (contributions)
$937,371
-
1f · All other contributions, gifts and grants
$8,762,330
-
2a · Program service revenue: TUITION AND FEES
total $760,412 · related or exempt $760,412
-
3 · Investment income
total $360,870 · excluded $360,870
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$589,560
-
8b · Fundraising events: direct expenses
$127,142
-
8c · Net income from fundraising events
total -$127,142 · excluded -$127,142
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $284,881 · program services $264,939 · management and general $19,942
-
7 · Other salaries and wages
total $4,716,338 · program services $4,412,097 · management and general $304,241
-
9 · Other employee benefits
total $449,640 · program services $418,165 · management and general $31,475
-
11g · Fees: other
total $165,545 · management and general $165,545
-
13 · Office expenses
total $177,745 · management and general $177,745
-
16 · Occupancy
total $36,000 · management and general $36,000
-
20 · Interest
total $1,477 · management and general $1,477
-
22 · Depreciation, depletion and amortization
total $487,520 · management and general $487,520
-
23 · Insurance
total $154,795 · program services $17,584 · management and general $137,211
-
24a · Other expenses: CURRICULUM AND ACADEMIC
total $664,014 · program services $664,014
-
24b · Other expenses: UTILITIES
total $414,533 · program services $414,533
-
24c · Other expenses: FOOD AND FOOD SUPPLIES
total $408,877 · program services $408,877
-
24d · Other expenses: REPAIRS AND MAINTENANCE
total $343,286 · program services $10,043 · management and general $333,243
-
24e · All other expenses
total $320,674 · program services $112,410 · management and general $53,908 · fundraising $154,356
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,544,986 · end of year $2,085,414
-
2 · Savings and temporary cash investments
beginning of year $3,243,988 · end of year $1,358,887
-
3 · Pledges and grants receivable
beginning of year $154,032 · end of year $105,619
-
9 · Prepaid expenses and deferred charges
end of year $8,072
-
10a · Land, buildings and equipment: cost or other basis
$15,051,698
-
10b · Land, buildings and equipment: accumulated depreciation
$4,581,779
-
10c · Land, buildings and equipment, net
beginning of year $8,486,110 · end of year $10,469,919
-
12 · Investments: other securities
beginning of year $921,583 · end of year $3,294,987
-
15 · Other assets
beginning of year $0 · end of year $656,185
-
17 · Accounts payable and accrued expenses
beginning of year $1,053,166 · end of year $94,529
-
19 · Deferred revenue
beginning of year $45,258 · end of year $35,326
-
25 · Other liabilities
beginning of year $0 · end of year $656,186
-
27 · Net assets without donor restrictions
beginning of year $13,909,128 · end of year $17,083,204
-
28 · Net assets with donor restrictions
beginning of year $343,147 · end of year $109,838
Listed in Part VII
-
ANDREA SNYDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
ANNA COOPER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
ANTHONY JOSEPH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
ASHLEY BELCHER FERRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
BEN NEVINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
BILLY STRICKLAND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
BUFFIE HYMER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
CAROL DRUMMOND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
CRAIG BEATTY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
DANIEL TAYLOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
DAVID SNYDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
DR ANN DOMINICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
DR JEANNA WESTMORELAND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
DR JESSICA WILLIAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
DR MARY DOYLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
DRAYTON NABERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
EDMUND PERRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
ELIZABETH HUNTLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
EMILY CANNON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
FLORA HOLLIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
FORD HAMILTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
HAMPTON MCFADDEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
HOLDER NEVINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
JAY MITCHELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
JEFF JANTZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
JIM BRADFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
JIM PROCTOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
JIMMY ARD
BOARD CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1.5
-
JOAN REIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
JOHN HORNSBY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
JULIE GOYER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
KATE SIMPSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
KATHERINE ROBERTSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
KIRBY SEVIER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
LESLIE MOORE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
LORI H DIXON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
MARCUS KENNEDY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
MECHELLE WILDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
MEG HIGHTOWER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
MELINDA HELVESTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
MIKE OUSLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
PAUL WELLS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
RONNIE BAYNES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
SALLIE WAITE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
TIFFANY DANIELS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
VICTOR HANSON III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
WALTER KELLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
ANN PERRY
DIRECTOR OF FINANCE
- Total calculated
- $93,651
- From this org
- $90,951
- From related orgs
- $0
- Other
- $2,700
- Hours/week
- 40
-
NITA CARR
EXECUTIVE DIRECTOR
- Total calculated
- $183,355
- From this org
- $177,955
- From related orgs
- $0
- Other
- $5,400
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $177,955
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $5,400
- Filer's total
- $183,355
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 June 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501679349300515
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