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Nonprofiteer
← CORNERSTONE CHRISTIAN ACADEMY OF MCLEAN COUNTY INC

Form 990 for tax year 2022

Filed by CORNERSTONE CHRISTIAN ACADEMY OF MCLEAN COUNTY INC.

Totals

Total revenue
$7,051,100
Total expenses
$4,582,047
Contributions and grants received
$3,114,023
Grants paid
$0
Program service revenue
$3,899,772
Investment income
$1,142
Other revenue
$36,163
Total assets, end of year
$8,655,268
Total liabilities, end of year
$307,378
Net assets or fund balances, end of year
$8,347,890
Program services expenses (Part IX)
$3,604,272
Management and general expenses
$778,968
Fundraising expenses
$198,807
Program service expenses (Part III)
$3,604,272

Program services were 78.7% 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

    $3,114,023

  • 1g · Noncash contributions included above

    $24,000

  • 2a · Program service revenue: TUITION/RELATED REV.

    total $3,899,772 · related or exempt $3,899,772

  • 3 · Investment income

    total $1,142 · excluded $1,142

  • 6a · Gross rents

    real property $11,610

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $11,610

  • 6d · Net rental income or loss

    total $11,610 · excluded $11,610

  • 11a · Other revenue: OTHER REVENUE

    total $24,553 · related or exempt $24,553

  • 11e · Other revenue, total

    $24,553

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $74,188 · management and general $74,188

  • 7 · Other salaries and wages

    total $3,183,367 · program services $2,428,185 · management and general $596,559 · fundraising $158,623

  • 9 · Other employee benefits

    total $105,255 · program services $84,204 · management and general $15,788 · fundraising $5,263

  • 10 · Payroll taxes

    total $230,944 · program services $184,755 · management and general $34,642 · fundraising $11,547

  • 11c · Fees: accounting

    total $8,851 · management and general $8,851

  • 13 · Office expenses

    total $16,372 · program services $13,916 · management and general $1,637 · fundraising $819

  • 14 · Information technology

    total $45,764 · program services $45,764

  • 16 · Occupancy

    total $146,071 · program services $124,160 · management and general $14,607 · fundraising $7,304

  • 17 · Travel

    total $3,495 · program services $3,495

  • 19 · Conferences, conventions and meetings

    total $55 · management and general $55

  • 20 · Interest

    total $33,485 · program services $28,462 · management and general $3,349 · fundraising $1,674

  • 22 · Depreciation, depletion and amortization

    total $216,956 · program services $184,413 · management and general $21,696 · fundraising $10,847

  • 23 · Insurance

    total $54,601 · program services $46,411 · management and general $5,460 · fundraising $2,730

  • 24a · Other expenses: CURRICULUM & INSTRUCTIO

    total $347,978 · program services $347,978

  • 24b · Other expenses: STUDENT ATHLETICS & ACT

    total $125,212 · program services $125,212

  • 24c · Other expenses: MISCELLANEOUS

    total $2,136 · management and general $2,136

  • 24d · Other expenses: BAD DEBT EXPENSE (RECOV

    total -$12,683 · program services -$12,683

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $929,252 · end of year $1,040,121

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $1,583,500

  • 4 · Accounts receivable

    beginning of year $37,051 · end of year $39,917

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $15,987

  • 10a · Land, buildings and equipment: cost or other basis

    $9,534,021

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,590,740

  • 10c · Land, buildings and equipment, net

    beginning of year $6,092,236 · end of year $5,943,281

  • 11 · Investments: publicly traded securities

    beginning of year $1,548 · end of year $1,825

  • 15 · Other assets

    beginning of year $0 · end of year $30,637

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,525 · end of year $229,887

  • 19 · Deferred revenue

    beginning of year $76,511 · end of year $46,854

  • 23 · Secured mortgages and notes payable

    beginning of year $1,033,214 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $30,637

  • 27 · Net assets without donor restrictions

    beginning of year $5,665,745 · end of year $8,234,656

  • 28 · Net assets with donor restrictions

    beginning of year $213,092 · end of year $113,234

Mission and programs · 2022

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $3,604,272 · Revenue $3,924,325

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Tom Hall

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Candice Adams

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Alicia Wilson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jeff Fritzen

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Todd Haynes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lori Heil

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Josh Mast

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Beth Sondgeroth

    HEAD OF SCHOOL

    Total calculated
    $74,188
    From this org
    $74,188
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Provenance

Return type
form_990
Tax year
2022
Filed
1 December 2023
IRS schema version
2022v5.0
Source object
202333359349301423

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