Cornerstone School FY2022 filing

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To provide montessori education to children ages 15 months to 14 years old.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2730159) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$52K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $29K a year · 1% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
86% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$52K
to officers and key staff · 2% of spending
Pay to officers and key staff is 2% of spending.
Part VII, Section A
2.0 mo
of spending, in cash
Plus $452K in investments, Pt X · Ln 11–13
2.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$377K
14% of total assets
Liabilities are 14% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2.1M
+4% vs prior year
Spent
$2.2M
To programs
86%
Net assets
$2.4M
By yearFY2021–FY2025
Revenue
$2.1M
FY2022▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2021$2.0M
FY2022$2.1M
FY2023$2.3M
FY2024$2.6M
FY2025$2.9M
Expenses
$2.2M
FY2022▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2021$2.0M
FY2022$2.2M
FY2023$2.4M
FY2024$2.6M
FY2025$2.7M
Net assets
$2.4M
FY2022▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.6M
FY2022$2.4M
FY2023$2.2M
FY2024$2.2M
FY2025$2.4M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $1.8M Management & general 14% · $306K Fundraising 0% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $52K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Head of School
$51,846Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Peter Zetlan’s $140K as Head of School is at the 59th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Peter Zetlan$140,000————
Leela Pahl—$104,750$102,931$51,846—
Lee Ann Robertson————$102,178

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Cornerstone School executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers Montessori education for children from 15 months to 14 years old.

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1 program · $1.8M · in their own filed words · FY2021
01

To provide montessori education to children ages 15 months to 14 years old

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2730159) · Dispute this line
$1.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$5K
Grants paid · 3 grants · $64K · 2020–2021
Unitemized GrantFY2021$30,500
Unitemized GrantFY2020$17,500
Unitemized GrantFY2020$16,294

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Fees for servicesLn 2g$2.0M
Gifts and grantsLn 1h$60K
Investment incomeLn 3$34K
Money outPt IX
$2.2M
Ln 25
Programscol B$1.8M
Managementcol C$306K
Fundraisingcol D$4K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$363K
Total assetsLn 16$2.7M
LiabilitiesLn 26$377K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$60K
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$34K
Other incomeLn 4–11$5K
Gains on assetsLn 7$9K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$38K
SavingsLn 2$325K
Cash and savings togetherLn 1–2$363K
Accounts receivableLn 4$610
Notes and loans receivableLn 7$4K
Land, buildings, equipmentLn 10c$1.9M
InvestmentsLn 11–13$452K
Total assetsLn 16$2.7M
LiabilitiesLn 26$377K
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 533
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$295K$363K
InvestmentsLn 11–13$528K$452K
Land, buildings, equipmentLn 10c$2.0M$1.9M
Total assetsLn 16$2.9M$2.7M
LiabilitiesLn 26$314K$377K
Net assetsLn 32$2.6M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$30K$30K
Pay of officers and key staff (Part IX, line 5)Ln 5$123K$105K$18K$252
Other salaries and wagesLn 7$1.4M$1.2M$210K$3K
Pension plan contributionsLn 8$30K$26K$4K$61
Other employee benefitsLn 9$30K$26K$4K$57
Payroll taxesLn 10$111K$95K$16K$228
Accounting feesLn 11c$14K$14K
Office expensesLn 13$21K$15K$7K$137
OccupancyLn 16$96K$91K$5K
Depreciation, depletion and amortizationLn 22$162K$157K$5K
InsuranceLn 23$29K$25K$4K$56
Other expenses (24a–d)Ln 24$67K$48K$19K$117
All other expensesLn 24e$11K$11K
Total functional expensesLn 25$2.2M$1.8M$306K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Dec 16, 2025 $2.9M$2.7M$193K$2.4M 990 PDF
FY2024Filed with the IRS Nov 13, 2024 $2.6M$2.6M−$43K$2.2M 990 PDF
FY2023Filed with the IRS Nov 14, 2023 $2.3M$2.4M−$171K$2.2M 990 PDF
FY2022 ViewingFiled with the IRS May 9, 2023 $2.1M$2.2M−$85K$2.4M 990 PDF
FY2021Filed with the IRS Nov 22, 2021 $2.0M$2.0M−$36K$2.6M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $2,066,541 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $87,659$60,489
I-9 Program service revenuePrior year $1,871,172$1,967,134
I-10 Investment incomePrior year $33,891$33,630
I-11 Other revenuePrior year $2,866$5,288
I-12 Total revenuePrior year $1,995,588$2,066,541
I-13 Grants and similar amounts paidPrior year $33,794$30,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,615,654$1,721,130
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $382,467$400,098
I-18 Total expensesPrior year $2,031,915$2,151,728
I-19 Revenue less expensesPrior year −$36,327−$85,187
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,066,541 across 7 lines filed
VIII-1f All other contributions, gifts and grants$60,489
VIII-1h Total contributions, gifts and grants$60,489
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,967,134$1,967,134
VIII-3 Investment incomeExcluded from tax $24,290$24,290
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,340$9,340
VIII-8 Net income from fundraising eventsExcluded from tax $5,288$5,288
VIII-12 Total revenueRelated to mission $1,967,134 · Unrelated business $0 · Excluded from tax $38,918$2,066,541
Part IX · Statement of functional expenses $2,151,728 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $30,500$30,500
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $104,794 · Management $18,148 · Fundraising $252$123,194
IX-7 Other salaries and wagesPrograms $1,213,748 · Management $210,197 · Fundraising $2,924$1,426,869
IX-8 Pension plan contributionsPrograms $25,520 · Management $4,419 · Fundraising $61$30,000
IX-9 Other employee benefitsPrograms $25,583 · Management $4,114 · Fundraising $57$29,754
IX-10 Payroll taxesPrograms $94,687 · Management $16,398 · Fundraising $228$111,313
IX-11c Accounting feesManagement $14,000$14,000
IX-13 Office expensesPrograms $14,678 · Management $6,639 · Fundraising $137$21,454
IX-16 OccupancyPrograms $91,203 · Management $4,800$96,003
IX-22 Depreciation, depletion and amortizationPrograms $157,472 · Management $4,610$162,082
IX-23 InsurancePrograms $24,993 · Management $4,020 · Fundraising $56$29,069
IX-24 Other expenses (24a–d)Programs $47,731 · Management $18,848 · Fundraising $117$66,696
IX-24e All other expensesPrograms $10,794$10,794
IX-25 Total functional expensesPrograms $1,841,703 · Management $306,193 · Fundraising $3,832$2,151,728
Part X · Balance sheet $2,734,658 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $52,601$38,167
X-2 Savings and temporary cash investmentsStart of year $242,409$325,202
X-4 Accounts receivableStart of year $43$610
X-7 Notes and loans receivableStart of year $5$3,674
X-9 Prepaid expenses and deferred chargesStart of year $4,872$0
X-10c Land, buildings and equipment, netStart of year $2,038,419$1,915,367
X-11 Publicly traded securitiesStart of year $528,136$451,638
X-16 Total assetsStart of year $2,866,485$2,734,658
X-17 Accounts payable and accrued expensesStart of year $75,116$69,979
X-19 Deferred revenueStart of year $236,372$307,155
X-25 Other liabilitiesStart of year $2,230$0
X-26 Total liabilitiesStart of year $313,718$377,134
X-27 Net assets without donor restrictionsStart of year $2,538,973$2,356,230
X-28 Net assets with donor restrictionsStart of year $13,794$1,294
X-32 Total net assets or fund balancesStart of year $2,552,767$2,357,524
X-33 Total liabilities and net assetsStart of year $2,866,485$2,734,658
Part XI · Reconciliation of net assets $2,357,524 net assets at year end
XI-1 Total revenue$2,066,541
XI-2 Total expenses$2,151,728
XI-3 Revenue less expenses−$85,187
XI-4 Net assets at start of year$2,552,767
XI-5 Net unrealized gains (losses) on investments−$110,056
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,357,524

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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