Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2016.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 cents of each dollar spent went to programs.
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
6 people listed on the 990; $50K paid to officers and key staff.
Teri Lynn Schrag’s $52K as Superintendent is at the 8th percentile of top reported officer pay among 3395 $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 · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Teri Lynn Schrag | $52,083 | $53,000 | $52,925 | $50,277 | $50,000 | $45,833 |
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
Offers Christian education to families in and around Bellevue, Nebraska.
Questions for Cornerstone Christian Schools
Your first name shows with your question. Cornerstone Christian Schools answers here, for everyone.
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Cornerstone christian schools, inc. (CCS) is an approved school through the nebraska department of education. All teachers hold a state of nebraska teaching certificate and have a strong commitment to the lord jesus christ and his children.
Cornerstone christian schools, inc. Has a hot lunch and milk program. Hot lunch is provided daily and the students can opt to purchase hot lunch or bring their own lunch. The lunch is contracted out to a local catering company. The students do have an opportunity to purchase milk everyday.
The students in grades 6TH through 12TH have the opportunity to participate in athletic programs such as soccer, volleyball, basketball, dance team, winter guard, cross country, and track. CCS is a member of the frontier conference and operates its athletic program according to nebraska school activities association guidelines.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $223K | $382K |
| Land, buildings, equipmentLn 10c | $28K | $121K |
| Total assetsLn 16 | $698K | $503K |
| LiabilitiesLn 26 | $11K | $98K |
| Net assetsLn 32 | $687K | $405K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $5K | $5K | ||
| Grants to domestic individualsLn 2 | $164K | $164K | ||
| Pay of current officers, directors and key staffLn 5 | $50K | $50K | ||
| Other salaries and wagesLn 7 | $1.4M | $1.3M | $165K | |
| Payroll taxesLn 10 | $110K | $98K | $12K | |
| Accounting feesLn 11c | $8K | $8K | ||
| Other fees for servicesLn 11g | $86 | $86 | ||
| Advertising and promotionLn 12 | $350 | $350 | ||
| Office expensesLn 13 | $123K | $123K | ||
| Information technologyLn 14 | $11K | $11K | ||
| OccupancyLn 16 | $399K | $399K | ||
| TravelLn 17 | $1K | $1K | ||
| InterestLn 20 | $4K | $4K | ||
| Depreciation, depletion and amortizationLn 22 | $8K | $8K | ||
| InsuranceLn 23 | $16K | $16K | ||
| Other expenses (24a–d)Ln 24 | $348K | $348K | ||
| All other expensesLn 24e | $2K | $2K | ||
| Total functional expensesLn 25 | $2.7M | $2.4M | $235K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $3.5M | $3.5M | $65K | $180K | 990 PDF |
| FY2024 | $3.4M | $3.4M | −$67K | $115K | 990 PDF |
| FY2023 | $3.2M | $3.5M | −$279K | $183K | 990 PDF |
| FY2022 | $3.3M | $3.4M | −$30K | $375K | 990 PDF |
| FY2021 Viewing | $2.9M | $2.7M | $251K | $405K | 990 PDF |
| FY2020 | $2.9M | $2.4M | $416K | $687K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $2,924,994 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, 2 to look at
Part VIII · Statement of revenue $2,924,994 across 10 lines filed
Part IX · Statement of functional expenses $2,673,835 across 17 lines filed
Part X · Balance sheet $502,747 assets, 10 lines filed
Part XI · Reconciliation of net assets $404,997 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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