Cornerstone Schools Association: FY2020 Nonprofit Profile & Form 990 (EIN 38-2995984)

Revenue by fiscal year
FY2020	$1.3M
FY2021	$1.1M
FY2022	$793K
FY2023	$788K
FY2024	$912K
FY2025	$928K

Expenses by fiscal year
FY2020	$1.2M
FY2021	$1.4M
FY2022	$1.1M
FY2023	$926K
FY2024	$1.5M
FY2025	$2.3M

Net assets by fiscal year
FY2020	$8.6M
FY2021	$8.3M
FY2022	$8.0M
FY2023	$7.9M
FY2024	$7.3M
FY2025	$5.4M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1993.

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

Where the money goes

89 cents of each dollar spent went to programs.

89%

Program services 89% · $1.1M Management & general 5% · $56K Fundraising 7% · $79K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Mike Carr

Chairman

$0Pt VII · Sec A

Tatiana Grant

Director

$0Pt VII · Sec A

Carol Mansfield

Director

$0Pt VII · Sec A

Joe Thorrez

Director

$0Pt VII · Sec A

Kathleen Thorrez

Director

$0Pt VII · Sec A

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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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provide excellent education to prepare children for life and leadership, following Jesus.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2019

01

Operation of a school providing faith centered education to children in the detroit metropolitan area. During 2017, the board of directors elected to cease operations as a private christ centered school through the association. Students will be offered spots in the cornerstone education group ("ceg") charter system.

$1.1Mprogram 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

Natl Christian Charitable Fdn INCFY2024$25K

Petcoff Family FoundationFY2024$23K

Vanguard Charitable Endowment ProgramFY2024$10K

National Philanthropic TrustFY2024$10K

Amerisure Charitable Foundation INCFY2024$9K

Fidelity Investments Charitable Gift FundFY2024$5K

Total grants receivedfrom 6 funders$82K

See all 6 funders →

Grants paid · 1 grant · $1.1M · 2024–2024

The New Common School FoundationMI · FY2024$1,051,930

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.3M

Ln 12

Other incomeLn 4–11$739K

Gifts and grantsLn 1h$264K

Fees for servicesLn 2g$253K

Money outPt IX

$1.2M

Ln 25

Programscol B$1.1M

Managementcol C$56K

Fundraisingcol D$79K

Owns and owesPt X

$8.6M

net assets · Ln 32

Cash and savingsLn 1–2$740K

Total assetsLn 16$9.1M

LiabilitiesLn 26$440K

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$264K

Fees for servicesLn 2g$253K

Investment incomeLn 3$4K

Other incomeLn 4–11$739K

Total revenueLn 12$1.3M

Assets in detailPt X, end of year

CashLn 1$580K

SavingsLn 2$160K

Cash and savings togetherLn 1–2$740K

Land, buildings, equipmentLn 10c$8.3M

Total assetsLn 16$9.1M

LiabilitiesLn 26$440K

Net assetsLn 32$8.6M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJuly

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$862K	$740K
Land, buildings, equipmentLn 10c	$8.7M	$8.3M
Total assetsLn 16	$9.7M	$9.1M
LiabilitiesLn 26	$1.1M	$440K
Net assetsLn 32	$8.6M	$8.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$3K	$3K	$317	$444
Other fees for servicesLn 11g	$378K	$291K	$36K	$51K
Advertising and promotionLn 12	$12K	$10K	$749	$1K
Office expensesLn 13	$11K	$8K	$1K	$1K
Information technologyLn 14	$4K	$3K	$354	$496
OccupancyLn 16	$41K	$35K	$2K	$3K
InterestLn 20	$22K	$17K	$2K	$3K
Depreciation, depletion and amortizationLn 22	$534K	$534K
InsuranceLn 23	$21K	$21K
Other expenses (24a–d)Ln 24	$115K	$97K	$8K	$11K
All other expensesLn 24e	$56K	$43K	$5K	$8K
Total functional expensesLn 25	$1.2M	$1.1M	$56K	$79K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$928K	$2.3M	−$1.4M	$5.4M	990 PDF
FY2024	$912K	$1.5M	−$543K	$7.3M	990 PDF
FY2023	$788K	$926K	−$138K	$7.9M	990 PDF
FY2022	$793K	$1.1M	−$333K	$8.0M	990 PDF
FY2021	$1.1M	$1.4M	−$315K	$8.3M	990 PDF
FY2020 Viewing	$1.3M	$1.2M	$64K	$8.6M	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 FY2020 990 (6 parts)

Part I · Summary $1,260,098 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $131,865$264,420

I-9 Program service revenuePrior year $124,974$253,000

I-10 Investment incomePrior year $2,448$3,868

I-11 Other revenuePrior year $667,288$738,810

I-12 Total revenuePrior year $926,575$1,260,098

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $38,523$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $900,892$1,196,248

I-18 Total expensesPrior year $939,415$1,196,248

I-19 Revenue less expensesPrior year −$12,840$63,850

Part VI · Governance 4 of 4 board members independent, 2 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

VI-2 Family or business relationship among officers or directorsYes

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $1,260,098 across 7 lines filed

VIII-1f All other contributions, gifts and grants$264,420

VIII-1h Total contributions, gifts and grants$264,420

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $253,000$253,000

VIII-3 Investment incomeExcluded from tax $3,868$3,868

VIII-6 Net rental income or lossExcluded from tax $739,117$739,117

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax −$307−$307

VIII-12 Total revenueRelated to mission $253,000 · Unrelated business $0 · Excluded from tax $742,678$1,260,098

Part IX · Statement of functional expenses $1,196,248 across 11 lines filed

IX-11b Legal feesPrograms $2,539 · Management $317 · Fundraising $444$3,300

IX-11g Other fees for servicesPrograms $290,720 · Management $36,332 · Fundraising $50,864$377,916

IX-12 Advertising and promotionPrograms $10,184 · Management $749 · Fundraising $1,049$11,982

IX-13 Office expensesPrograms $8,241 · Management $1,012 · Fundraising $1,417$10,670

IX-14 Information technologyPrograms $3,226 · Management $354 · Fundraising $496$4,076

IX-16 OccupancyPrograms $34,720 · Management $2,437 · Fundraising $3,411$40,568

IX-20 InterestPrograms $17,417 · Management $1,850 · Fundraising $2,596$21,863

IX-22 Depreciation, depletion and amortizationPrograms $534,022$534,022

IX-23 InsurancePrograms $20,551$20,551

IX-24 Other expenses (24a–d)Programs $97,072 · Management $7,638 · Fundraising $10,585$115,295

IX-24e All other expensesPrograms $42,881 · Management $5,360 · Fundraising $7,764$56,005

IX-25 Total functional expensesPrograms $1,061,573 · Management $56,049 · Fundraising $78,626$1,196,248

Part X · Balance sheet $9,077,445 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $86,712$580,492

X-2 Savings and temporary cash investmentsStart of year $774,897$159,514

X-3 Pledges and grants receivableStart of year $73,687$65,972

X-9 Prepaid expenses and deferred chargesStart of year $8,571$7,335

X-10c Land, buildings and equipment, netStart of year $8,748,217$8,264,132

X-16 Total assetsStart of year $9,692,084$9,077,445

X-17 Accounts payable and accrued expensesStart of year $583,707$55,218

X-26 Total liabilitiesStart of year $1,118,551$440,062

X-27 Net assets without donor restrictionsStart of year $7,949,254$8,637,383

X-28 Net assets with donor restrictionsStart of year $624,279$0

X-32 Total net assets or fund balancesStart of year $8,573,533$8,637,383

X-33 Total liabilities and net assetsStart of year $9,692,084$9,077,445

Part XI · Reconciliation of net assets $8,637,383 net assets at year end

XI-1 Total revenue$1,260,098

XI-2 Total expenses$1,196,248

XI-3 Revenue less expenses$63,850

XI-4 Net assets at start of year$8,573,533

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$8,637,383

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Cornerstone Schools Association FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Cornerstone Schools Association

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV