Cornerstone School FY2023 filing

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

Form 990 Part I, line 1, FY2023. 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.
85¢ of each $1 spent went to programs.
$103K 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

FY2023 · 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
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$103K
to officers and key staff · 4% of spending
Pay to officers and key staff is 4% of spending.
Part VII, Section A
1.4 mo
of spending, in cash
Plus $491K in investments, Pt X · Ln 11–13
1.4 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
$471K
18% of total assets
Liabilities are 18% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2.3M
+10% vs prior year
Spent
$2.4M
To programs
85%
Net assets
$2.2M
By yearFY2021–FY2025
Revenue
$2.3M
FY2023▲ +10%
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
$2.4M
FY2023▲ +14%
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
$2.2M
FY2023▼ -6%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 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

85 cents of each dollar spent went to programs.

Program services 85% · $2.1M Management & general 15% · $363K Fundraising 0% · $5K

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

11 people listed on the 990; $103K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Head of School
$102,931Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$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 · $2.1M · in their own filed words · FY2022
01

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

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2730159) · Dispute this line
$2.1Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Fees for servicesLn 2g$2.2M
Gifts and grantsLn 1h$28K
Investment incomeLn 3$22K
Money outPt IX
$2.4M
Ln 25
Programscol B$2.1M
Managementcol C$363K
Fundraisingcol D$5K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$293K
Total assetsLn 16$2.7M
LiabilitiesLn 26$471K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$28K
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$22K
Other incomeLn 4–11$1K
Gains on assetsLn 7−$256
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$12K
SavingsLn 2$281K
Cash and savings togetherLn 1–2$293K
Accounts receivableLn 4$254
Notes and loans receivableLn 7$8K
Land, buildings, equipmentLn 10c$1.9M
InvestmentsLn 11–13$491K
Total assetsLn 16$2.7M
LiabilitiesLn 26$471K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 533
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$363K$293K
InvestmentsLn 11–13$452K$491K
Land, buildings, equipmentLn 10c$1.9M$1.9M
Total assetsLn 16$2.7M$2.7M
LiabilitiesLn 26$377K$471K
Net assetsLn 32$2.4M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$44K$44K
Pay of officers and key staff (Part IX, line 5)Ln 5$112K$95K$17K$223
Other salaries and wagesLn 7$1.6M$1.3M$234K$3K
Pension plan contributionsLn 8$33K$28K$5K$247
Other employee benefitsLn 9$62K$53K$9K$622
Payroll taxesLn 10$123K$105K$18K$66
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$25K$25K
Investment management feesLn 11f$5K$5K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$26K$18K$8K$263
OccupancyLn 16$153K$145K$8K
InterestLn 20$1K$903$226
Depreciation, depletion and amortizationLn 22$164K$160K$5K
InsuranceLn 23$32K$28K$5K$325
Other expenses (24a–d)Ln 24$72K$55K$16K$106
All other expensesLn 24e$920$920
Total functional expensesLn 25$2.4M$2.1M$363K$5K

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
FY2023 ViewingFiled with the IRS Nov 14, 2023 $2.3M$2.4M−$171K$2.2M 990 PDF
FY2022Filed 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 FY2023 990
Part I · Summary $2,273,787 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $60,489$27,727
I-9 Program service revenuePrior year $1,967,135$2,223,105
I-10 Investment incomePrior year $33,630$21,798
I-11 Other revenuePrior year $5,288$1,157
I-12 Total revenuePrior year $2,066,542$2,273,787
I-13 Grants and similar amounts paidPrior year $30,500$44,206
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,721,131$1,909,362
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $400,097$490,949
I-18 Total expensesPrior year $2,151,728$2,444,517
I-19 Revenue less expensesPrior year −$85,186−$170,730
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $2,273,787 across 7 lines filed
VIII-1f All other contributions, gifts and grants$27,727
VIII-1h Total contributions, gifts and grants$27,727
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,223,105$2,223,105
VIII-3 Investment incomeExcluded from tax $22,054$22,054
VIII-7 Net gain or loss on sales of assetsRelated to mission −$256−$256
VIII-8 Net income from fundraising eventsExcluded from tax $1,157$1,157
VIII-12 Total revenueRelated to mission $2,222,849 · Unrelated business $0 · Excluded from tax $23,211$2,273,787
Part IX · Statement of functional expenses $2,444,517 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $44,206$44,206
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $94,840 · Management $16,513 · Fundraising $223$111,576
IX-7 Other salaries and wagesPrograms $1,342,136 · Management $233,690 · Fundraising $3,158$1,578,984
IX-8 Pension plan contributionsPrograms $28,050 · Management $4,884 · Fundraising $247$33,181
IX-9 Other employee benefitsPrograms $52,881 · Management $8,709 · Fundraising $622$62,212
IX-10 Payroll taxesPrograms $105,052 · Management $18,291 · Fundraising $66$123,409
IX-11b Legal feesManagement $8,923$8,923
IX-11c Accounting feesManagement $25,217$25,217
IX-11f Investment management feesManagement $4,740$4,740
IX-12 Advertising and promotionPrograms $1,788$1,788
IX-13 Office expensesPrograms $18,113 · Management $7,875 · Fundraising $263$26,251
IX-16 OccupancyPrograms $145,447 · Management $7,655$153,102
IX-20 InterestPrograms $903 · Management $226$1,129
IX-22 Depreciation, depletion and amortizationPrograms $159,514 · Management $4,933$164,447
IX-23 InsurancePrograms $27,623 · Management $4,550 · Fundraising $325$32,498
IX-24 Other expenses (24a–d)Programs $55,492 · Management $16,336 · Fundraising $106$71,934
IX-24e All other expensesPrograms $920$920
IX-25 Total functional expensesPrograms $2,076,965 · Management $362,542 · Fundraising $5,010$2,444,517
Part X · Balance sheet $2,682,571 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $38,167$12,146
X-2 Savings and temporary cash investmentsStart of year $325,202$281,195
X-4 Accounts receivableStart of year $610$254
X-7 Notes and loans receivableStart of year $3,674$7,597
X-10c Land, buildings and equipment, netStart of year $1,915,367$1,890,331
X-11 Publicly traded securitiesStart of year $451,638$491,048
X-16 Total assetsStart of year $2,734,658$2,682,571
X-17 Accounts payable and accrued expensesStart of year $69,979$100,508
X-19 Deferred revenueStart of year $307,155$345,211
X-24 Unsecured notes and loans payableStart of year $0$25,000
X-26 Total liabilitiesStart of year $377,134$470,719
X-27 Net assets without donor restrictionsStart of year $2,356,230$2,211,852
X-28 Net assets with donor restrictionsStart of year $1,294$0
X-32 Total net assets or fund balancesStart of year $2,357,524$2,211,852
X-33 Total liabilities and net assetsStart of year $2,734,658$2,682,571
Part XI · Reconciliation of net assets $2,211,852 net assets at year end
XI-1 Total revenue$2,273,787
XI-2 Total expenses$2,444,517
XI-3 Revenue less expenses−$170,730
XI-4 Net assets at start of year$2,357,524
XI-5 Net unrealized gains (losses) on investments$25,058
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,211,852

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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