Cornerstone Christian School: FY2020 Nonprofit Profile & Form 990 (EIN 54-0925783)

Revenue by fiscal year
FY2020	$47K
FY2021	$2K
FY2022	$4K

Net assets by fiscal year
FY2020	$102K
FY2021	$78K
FY2022	$82K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

59 cents of each dollar spent went to programs.

59%

41%

Program services 59% · $60K Management & general 41% · $41K

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

4 people listed on the 990.

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

Jake Tromburg

Chairman

$0Pt VII · Sec A

Marcy Comstock

Scretary

$0Pt VII · Sec A

Linwood Nelms

Board Member

$0Pt VII · Sec A

Jennifer Gary

Board Member

$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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates young children with academics and Christian values, sharing the gospel.

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Provided by the organization

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1 program · $60K · in their own filed words · FY2019

01

Cornerstone educated and cared for children from 3 years of age to Grade 3.

$60Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$47K

Ln 12

Investment incomeLn 3$25K

Gifts and grantsLn 1h$16K

Fees for servicesLn 2g$4K

Money outPt IX

$101K

Ln 25

Programscol B$60K

Managementcol C$41K

Owns and owesPt X

$102K

net assets · Ln 32

Cash and savingsLn 1–2$102K

Total assetsLn 16$102K

LiabilitiesLn 26$0

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$16K

Fees for servicesLn 2g$4K

Investment incomeLn 3$25K

Other incomeLn 4–11$708

Gains on assetsLn 7$25K

Total revenueLn 12$47K

Assets in detailPt X, end of year

CashLn 1$5K

SavingsLn 2$97K

Cash and savings togetherLn 1–2$102K

Land, buildings, equipmentLn 10c$0

Total assetsLn 16$102K

LiabilitiesLn 26$0

Net assetsLn 32$102K

OperationsPt I, VI

EmployeesI 515

VolunteersI 61

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

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	$64K	$102K
Land, buildings, equipmentLn 10c	$227K	$0
Total assetsLn 16	$292K	$102K
LiabilitiesLn 26	$136K	$0
Net assetsLn 32	$156K	$102K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$5K	$0	$5K	$0
Other salaries and wagesLn 7	$42K	$17K	$26K	$0
Payroll taxesLn 10	$4K	$1K	$2K	$0
Legal feesLn 11b	$250	$0	$250	$0
Advertising and promotionLn 12	$306	$0	$306	$0
Information technologyLn 14	$975	$907	$68	$0
OccupancyLn 16	$25K	$23K	$2K	$0
InterestLn 20	$8K	$7K	$538	$0
Depreciation, depletion and amortizationLn 22	$6K	$5K	$393	$0
InsuranceLn 23	$203	$71	$132	$0
Other expenses (24a–d)Ln 24	$7K	$3K	$4K	$0
All other expensesLn 24e	$3K	$2K	$178	$0
Total functional expensesLn 25	$101K	$60K	$41K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest	$4K			$82K	990 PDF
FY2021	$2K			$78K	990 PDF
FY2020 Viewing	$47K	$101K	−$54K	$102K	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 $46,584 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $23,027$16,114

I-9 Program service revenuePrior year $264,751$4,378

I-10 Investment incomePrior year $54$25,384

I-11 Other revenue$708

I-12 Total revenuePrior year $287,832$46,584

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $228,875$50,903

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $72,886$49,904

I-18 Total expensesPrior year $301,761$100,807

I-19 Revenue less expensesPrior year −$13,929−$54,223

Part VI · Governance 3 of 3 board members independent, 2 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-13 Written whistleblower 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-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $46,584 across 7 lines filed

VIII-1f All other contributions, gifts and grants$16,114

VIII-1h Total contributions, gifts and grants$16,114

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$4,378

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $15$15

VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $25,369$25,369

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $708$708

VIII-12 Total revenueRelated to mission $4,378 · Unrelated business $0 · Excluded from tax $26,092$46,584

Part IX · Statement of functional expenses $100,807 across 12 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $5,000 · Fundraising $0$5,000

IX-7 Other salaries and wagesPrograms $16,650 · Management $25,636 · Fundraising $0$42,286

IX-10 Payroll taxesPrograms $1,274 · Management $2,343 · Fundraising $0$3,617

IX-11b Legal feesPrograms $0 · Management $250 · Fundraising $0$250

IX-12 Advertising and promotionPrograms $0 · Management $306 · Fundraising $0$306

IX-14 Information technologyPrograms $907 · Management $68 · Fundraising $0$975

IX-16 OccupancyPrograms $23,450 · Management $1,765 · Fundraising $0$25,215

IX-20 InterestPrograms $7,144 · Management $538 · Fundraising $0$7,682

IX-22 Depreciation, depletion and amortizationPrograms $5,220 · Management $393 · Fundraising $0$5,613

IX-23 InsurancePrograms $71 · Management $132 · Fundraising $0$203

IX-24 Other expenses (24a–d)Programs $2,657 · Management $4,431 · Fundraising $0$7,088

IX-24e All other expensesPrograms $2,394 · Management $178 · Fundraising $0$2,572

IX-25 Total functional expensesPrograms $59,767 · Management $41,040 · Fundraising $0$100,807

Part X · Balance sheet $101,513 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $15,234$4,754

X-2 Savings and temporary cash investmentsStart of year $49,244$96,759

X-10c Land, buildings and equipment, netStart of year $227,370$0

X-16 Total assetsStart of year $291,848$101,513

X-26 Total liabilitiesStart of year $136,112$0

X-32 Total net assets or fund balancesStart of year $155,736$101,513

X-33 Total liabilities and net assetsStart of year $291,848$101,513

Part XI · Reconciliation of net assets $101,513 net assets at year end

XI-1 Total revenue$46,584

XI-2 Total expenses$100,807

XI-3 Revenue less expenses−$54,223

XI-4 Net assets at start of year$155,736

XI-10 Net assets at end of year$101,513

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 Christian School 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 Christian School

By the numbers

Filing history

Schedules filed Part IV