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Cornerstone Charter Academy PTO FY2020 filing

Tax-deductible

Greensboro, NC501(c)(3)Since 2012Education EIN 46-0838201Revenue $354K in FY2020

On file with the IRS7800 Airport Center Dr, 27409-9048 · Greensboro, NCTax-exempt since Jun 2014Publicly supported — 509(a)(2)

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Parent Teacher organization for the support of students enrolled in the Charter School.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $2K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $2K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$354K
Spent
$327K
To programs
95%
Net assets
$74K
By yearFY2020–FY2025
Revenue
$354K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$354K
FY2021$83K
FY2022$409K
FY2023$453K
FY2024$442K
FY2025$453K
Expenses
$327K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$327K
FY2021$132K
FY2022$420K
FY2023$466K
FY2024$432K
FY2025$401K
Net assets
$74K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$74K
FY2021$36K
FY2022$50K
FY2023$37K
FY2024$47K
FY2025$99K

From the FY2020 Form 990 (year ending June 2020) · see the original

990 PDF Claim
You’re viewing the FY2020 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 Jun 2014.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $311K Management & general 2% · $6K Fundraising 3% · $10K

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

24 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Alyssa Anderson
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Laura Loftin
Co-Treasurer
$0Pt VII · Sec A
Anna Hargett
President
$0Pt VII · Sec A
Ashley Hayes
Director
$0Pt VII · Sec A
Janet Bryan
Secretary
$0Pt VII · Sec A
Lisa Thompson
Co-Treasurer
$0Pt VII · Sec A
See Cornerstone Charter Academy PTO executive salaries →

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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 15aNo

Programs and updates

Supports students enrolled in the Charter School through parent-teacher collaboration.

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Provided by the organization

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1 program · $311K · in their own filed words · FY2019
01

Support the Students of Cornerstone Charter Academy

A Challenge Foundation Academy.

$311Kprogram 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 · FY2023
Amazonsmile FoundationFY2023$1K
GE FoundationFY2023$250
Total grants receivedfrom 2 funders$2K
Grants paid · 4 grants · $175K · 2019–2022
Cornerstone Charter Academy a Challenge Foundation Academy INCNC · FY2022$43,500
Cornerstone Charter Academy a Challenge Foundation Academy INCNC · FY2021$41,000
Cornerstone Charter Academy a Challenge Foundation Academy INCNC · FY2020$70,582
Cornerstone Charter Academy a Challenge Foundation Academy INCNC · FY2019$20,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$354K
Ln 12
Fees for servicesLn 2g$354K
Other incomeLn 4–11$15
Money outPt IX
$327K
Ln 25
Programscol B$311K
Managementcol C$6K
Fundraisingcol D$10K
Owns and owesPt X
$74K
net assets · Ln 32
Cash and savingsLn 1–2$74K
Total assetsLn 16$74K
LiabilitiesLn 26$0
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$354K
Other incomeLn 4–11$15
Total revenueLn 12$354K
Assets in detailPt X, end of year
CashLn 1$73K
SavingsLn 2$1K
Cash and savings togetherLn 1–2$74K
Total assetsLn 16$74K
LiabilitiesLn 26$0
Net assetsLn 32$74K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$47K$74K
Total assetsLn 16$47K$74K
LiabilitiesLn 26$0$0
Net assetsLn 32$47K$74K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$700$0$700$0
Advertising and promotionLn 12$428$0$428$0
Office expensesLn 13$4K$1K$3K$0
Information technologyLn 14$8K$8K$645$0
InsuranceLn 23$740$0$740$0
Other expenses (24a–d)Ln 24$32K$22K$0$10K
All other expensesLn 24e$281K$281K$513$0
Total functional expensesLn 25$327K$311K$6K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $453K$401K$52K$99K 990 PDF
FY2024 $442K$432K$10K$47K 990 PDF
FY2023 $453K$466K−$13K$37K 990 PDF
FY2022 $409K$420K−$12K$50K 990 PDF
FY2021 $83K$132K−$49K$36K 990 PDF
FY2020 Viewing $354K$327K$27K$74K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $354,202 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $349,621$354,187
I-10 Investment income$0
I-11 Other revenue$15
I-12 Total revenuePrior year $349,621$354,202
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $330,398$327,294
I-18 Total expensesPrior year $330,398$327,294
I-19 Revenue less expensesPrior year $19,223$26,908
Part VI · Governance 24 of 24 board members independent, 4 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $354,202 across 3 lines filed
Lines not itemized here account for $73,058 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$281,129
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15 · Unrelated business $0 · Excluded from tax $0$15
VIII-12 Total revenueRelated to mission $354,202 · Unrelated business $0 · Excluded from tax $0$354,202
Part IX · Statement of functional expenses $327,294 across 7 lines filed
IX-11c Accounting feesPrograms $0 · Management $700 · Fundraising $0$700
IX-12 Advertising and promotionPrograms $0 · Management $428 · Fundraising $0$428
IX-13 Office expensesPrograms $1,022 · Management $3,079 · Fundraising $0$4,101
IX-14 Information technologyPrograms $7,521 · Management $645 · Fundraising $0$8,166
IX-23 InsurancePrograms $0 · Management $740 · Fundraising $0$740
IX-24 Other expenses (24a–d)Programs $21,734 · Management $0 · Fundraising $10,325$32,059
IX-24e All other expensesPrograms $280,587 · Management $513 · Fundraising $0$281,100
IX-25 Total functional expensesPrograms $310,864 · Management $6,105 · Fundraising $10,325$327,294
Part X · Balance sheet $74,099 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $46,555$73,084
X-2 Savings and temporary cash investmentsStart of year $500$1,015
X-16 Total assetsStart of year $47,055$74,099
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $47,055$74,099
X-32 Total net assets or fund balancesStart of year $47,055$74,099
X-33 Total liabilities and net assetsStart of year $47,055$74,099
Part XI · Reconciliation of net assets $74,099 net assets at year end
XI-1 Total revenue$354,202
XI-2 Total expenses$327,294
XI-3 Revenue less expenses$26,908
XI-4 Net assets at start of year$47,055
XI-8 Prior period adjustments$136
XI-10 Net assets at end of year$74,099

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

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