Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1983.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
67 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
17 people listed on the 990; $193K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Ingrid Wasserfall | $224,084 | $193,201 | $161,966 | $151,028 | $120,625 | $113,270 |
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.
See The Cornerstone School INC executive salaries →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
Inspires students to learn passionately, think creatively, and develop a sense of purpose.
Questions for The Cornerstone School INC
Your first name shows with your question. The Cornerstone School INC answers here, for everyone.
To provide a private educational environment for preschool through middle school aged children. The school serves 312 students.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| End of yearLn 1g | $2K | $2K | $2K | $2K | $2K |
| SpentLn 1d–1f | $29K |
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.5M | $1.8M |
| InvestmentsLn 11–13 | $1.3M | $2.1M |
| Land, buildings, equipmentLn 10c | $3.9M | $3.8M |
| Total assetsLn 16 | $6.8M | $8.0M |
| LiabilitiesLn 26 | $2.5M | $2.9M |
| Net assetsLn 32 | $4.4M | $5.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $71K | $71K | ||
| Pay of current officers, directors and key staffLn 5 | $219K | $219K | ||
| Other salaries and wagesLn 7 | $2.2M | $1.5M | $722K | |
| Pension plan contributionsLn 8 | $34K | $25K | $9K | |
| Other employee benefitsLn 9 | $127K | $78K | $50K | |
| Payroll taxesLn 10 | $173K | $108K | $65K | |
| Legal feesLn 11b | $9K | $5K | $3K | |
| Accounting feesLn 11c | $27K | $17K | $11K | |
| Other fees for servicesLn 11g | $81K | $49K | $32K | |
| Advertising and promotionLn 12 | $25K | $15K | $10K | |
| Office expensesLn 13 | $66K | $40K | $26K | |
| OccupancyLn 16 | $205K | $125K | $80K | |
| Conferences, conventions and meetingsLn 19 | $41K | $41K | ||
| InterestLn 20 | $84K | $51K | $33K | |
| Depreciation, depletion and amortizationLn 22 | $207K | $126K | $81K | |
| InsuranceLn 23 | $115K | $95K | $21K | |
| Other expenses (24a–d)Ln 24 | $491K | $472K | $19K | |
| All other expensesLn 24e | $26K | $16K | $10K | |
| Total functional expensesLn 25 | $4.2M | $2.8M | $1.4M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Mar 30, 2026 | $5.5M | $4.7M | $811K | $5.9M | 990 PDF |
| FY2024 ViewingFiled with the IRS May 15, 2025 | $4.9M | $4.2M | $715K | $5.1M | 990 PDF |
| FY2023Filed with the IRS May 15, 2024 | $4.2M | $3.6M | $562K | $4.4M | 990 PDF |
| FY2022Filed with the IRS May 15, 2023 | $3.7M | $3.2M | $455K | $3.8M | 990 PDF |
| FY2021Filed with the IRS Apr 13, 2022 | $3.4M | $3.0M | $394K | $3.3M | 990 PDF |
| FY2020Filed with the IRS Mar 9, 2021 | $3.5M | $2.8M | $732K | $2.9M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $4,894,554 revenue, 12 lines filed
Part VI · Governance 15 of 15 board members independent, no flags
Part VIII · Statement of revenue $4,894,554 across 10 lines filed
Part IX · Statement of functional expenses $4,179,923 across 18 lines filed
Part X · Balance sheet $7,997,721 assets, 17 lines filed
Part XI · Reconciliation of net assets $5,066,521 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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