Cornerstone Montessori Elementary School

Tax-deductible

Saint Paul, MN501(c)(3)Since 2010EducationEIN 27-1556815

Cornerstone Montessori Elementary School's mission is to support children from culturally and economically diverse backgrounds living in or near St. Paul's East Side through a rigorous and high-impact Montessori program that empowers them to make positive decisions, develop self-discipline, and create a true sense of responsibility for themselves and others in their community.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 50 volunteers and 63 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $47K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$231K
to officers and key staff · 7% of spending
Top officer’s pay lower than 74% of similar orgs
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.7M
103% of total assets
Concern: liabilities are 103% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.2M
+5% vs prior year
Spent
$3.2M
To programs
88%
Net assets
−$74K
By yearFY2020–FY2024
Revenue
$3.2M
FY2024▲ +5%
Revenue by fiscal year
FY2020$2.3M
FY2021$2.6M
FY2022$2.5M
FY2023$3.1M
FY2024$3.0M
FY2024$3.2M
Expenses
$3.2M
FY2024▼ -1%
Expenses by fiscal year
FY2020$2.3M
FY2021$2.5M
FY2022$2.6M
FY2023$2.8M
FY2024$3.2M
FY2024$3.2M
Net assets
−$74K
FY2024▲ +24%
Net assets by fiscal year
FY2020−$347K
FY2021−$180K
FY2022−$259K
FY2023$66K
FY2024−$96K
FY2024−$74K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2011.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $2.8M Management & general 12% · $387K

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

Who runs it and what they're paid

9 people listed on the 990; $231K paid to officers and key staff.

Part VII, Section A · reportable compensation
Head of School
$92,309Pt VII · Sec A
Director of Business Operations
$77,561Pt VII · Sec A
Secretary
$61,031Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Alyssa Schwartz’s $92K as Head of School is at the 26th 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 · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Alyssa Schwartz$92,309$82,906$82,531$53,295$86,141$84,670
Chris Bewell$77,561$75,237$68,176$66,801$70,338$68,825
Jessica Goff$61,031$64,733$56,244$52,854$57,648$54,757
Maisah Outlaw————$8,015$12,073

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.

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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 15aYes

Programs and updates

Empowers diverse children through Montessori education, fostering decision-making, self-discipline, and community responsibility.

Provided by the organization

This section is blank until Cornerstone Montessori Elementary School claims this page.

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2 program services account for $2.8M of program spending, described in the organization's own filed words · FY2024.
01

Cornerstone Montessori Elementary School serves children in economically diverse backgrounds through a rigorous and high-impact Montessori program. Students served are in kindergarten through 6th grade and live in or near St. Paul's East Side.

$2.6Mprogram expense
02

Cornerstone Montessori Elementary School offers all students a hot lunch everyday. The school participates in the national lunch program.

$138Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$30K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Gifts and grantsLn 1h$3.2M
Investment incomeLn 3$22K
Money outPt IX
$3.2M
Ln 25
Programscol B$2.8M
Managementcol C$387K
Owns and owesPt X
−$74K
net assets · Ln 32
Cash and savingsLn 1–2$531K
Total assetsLn 16$2.6M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
9
listed · VII A
PaidVII A3
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.2M
Government grantsLn 1e$3.0M
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$22K
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$531K
Cash and savings togetherLn 1–2$531K
Land, buildings, equipmentLn 10c$1.0M
Other assetsLn 15$348K
Total assetsLn 16$2.6M
LiabilitiesLn 26$2.7M
Net assetsLn 32−$74K
OperationsPt I, VI
EmployeesI 563
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$868K$531K
Land, buildings, equipmentLn 10c$1.2M$1.0M
Total assetsLn 16$2.8M$2.6M
LiabilitiesLn 26$2.9M$2.7M
Net assetsLn 32−$96K−$74K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$252K$167K$84K
Other salaries and wagesLn 7$1.2M$1.1M$89K
Pension plan contributionsLn 8$139K$125K$14K
Other employee benefitsLn 9$102K$97K$5K
Payroll taxesLn 10$118K$94K$23K
Management feesLn 11a$61K$61K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$72K$72K
Other fees for servicesLn 11g$228K$228K
Office expensesLn 13$20K$13K$8K
Information technologyLn 14$29K$4K$25K
OccupancyLn 16$275K$275K
TravelLn 17$355K$355K
Conferences, conventions and meetingsLn 19$7K$7K
InterestLn 20$0
Depreciation, depletion and amortizationLn 22$152K$152K
InsuranceLn 23$27K$27K
Other expenses (24a–d)Ln 24$113K$113K$50$0
Total functional expensesLn 25$3.2M$2.8M$387K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $3.0M$3.2M−$162K−$96K 990 PDF
FY2023 $3.1M$2.8M$325K$66K 990 PDF
FY2022 $2.5M$2.6M−$79K−$259K 990 PDF
FY2021 $2.6M$2.5M$167K−$180K 990 PDF
FY2020 $2.3M$2.3M−$16K−$347K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $3,182,592 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$3,037,317
VIII-1f All other contributions, gifts and grants$123,036
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$3,160,353
VIII-3 Investment incomeRelated to mission $22,239 · Unrelated business $0 · Excluded from tax $0$22,239
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $22,239 · Unrelated business $0 · Excluded from tax $0$3,182,592
Part IX · Statement of functional expenses $3,159,879 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $167,229 · Management $84,451$251,680
IX-7 Other salaries and wagesPrograms $1,114,435 · Management $89,307$1,203,742
IX-8 Pension plan contributionsPrograms $124,619 · Management $14,222$138,841
IX-9 Other employee benefitsPrograms $97,283 · Management $4,981$102,264
IX-10 Payroll taxesPrograms $94,390 · Management $23,378$117,768
IX-11a Management feesManagement $60,934$60,934
IX-11b Legal feesManagement $5,404$5,404
IX-11c Accounting feesManagement $71,956$71,956
IX-11g Other fees for servicesPrograms $228,343$228,343
IX-13 Office expensesPrograms $12,725 · Management $7,572$20,297
IX-14 Information technologyPrograms $3,990 · Management $25,038$29,028
IX-16 OccupancyPrograms $275,150$275,150
IX-17 TravelPrograms $354,744$354,744
IX-19 Conferences, conventions and meetingsPrograms $7,288$7,288
IX-20 Interest$0
IX-22 Depreciation, depletion and amortizationPrograms $152,242$152,242
IX-23 InsurancePrograms $27,144$27,144
IX-24 Other expenses (24a–d)Programs $113,004 · Management $50 · Fundraising $0$113,054
IX-25 Total functional expensesPrograms $2,772,586 · Management $387,293 · Fundraising $0$3,159,879
Part X · Balance sheet $2,626,322 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $457,211$0
X-2 Savings and temporary cash investmentsStart of year $410,899$530,764
X-3 Pledges and grants receivableStart of year $408,444$650,104
X-4 Accounts receivableStart of year $0$17,787
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $40,815$44,493
X-10c Land, buildings and equipment, netStart of year $1,187,871$1,035,629
X-15 Other assetsStart of year $306,194$347,545
X-16 Total assetsStart of year $2,811,434$2,626,322
X-17 Accounts payable and accrued expensesStart of year $205,216$177,004
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $49,666$30,000
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $2,652,878$2,492,931
X-26 Total liabilitiesStart of year $2,907,760$2,699,935
X-32 Total net assets or fund balancesStart of year −$96,326−$73,613
X-33 Total liabilities and net assetsStart of year $2,811,434$2,626,322
Part XI · Reconciliation of net assets −$73,613 net assets at year end
XI-1 Total revenue$3,182,592
XI-2 Total expenses$3,159,879
XI-3 Revenue less expenses$22,713
XI-4 Net assets at start of year−$96,326
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$73,613

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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