Cornerstone Christian School FY2022 filing

Albion, INUnknown exempt organization EIN 61-1976341Revenue $215K in FY2022Latest return filed Apr 13, 2026

On file with the IRScornerstone-christian-school.oAlbion, IN

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Established for the religious education of students in grades k-12

100¢ of each $1 spent went to programs.
$29K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 5
filings with a surplus
Average deficit $22K a year · 12% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$29K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$215K
-15% vs prior year
Spent
$221K
To programs
100%
Net assets
$165K
By yearFY2020–FY2025
Revenue
$215K
FY2022▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$112K
FY2021$252K
FY2022$215K
FY2023$218K
FY2024$206K
FY2025$36K
Expenses
$221K
FY2022▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$210K
FY2022$221K
FY2023$225K
FY2024$209K
FY2025$173K
Net assets
$165K
FY2022▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$63K
FY2021$171K
FY2022$165K
FY2023$158K
FY2024$155K
FY2025$0

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $221K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $29K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director/Princ
$20,000Pt VII · Sec A
Treasurer
$9,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Adam Nelson$23,323$20,000$20,000$5,385
Joyce Gilbert—$9,000$6,923—

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

Programs and updates

Provides religious education for K-12 students.

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1 program · $221K · in their own filed words · FY2022
01

Completed course work and school year for 50 students

$221Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $43K · 2025–2025

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$215K
Ln 12
Fees for servicesLn 2g$161K
Gifts and grantsLn 1h$54K
Investment incomeLn 3$15
Money outPt IX
$221K
Ln 25
Programscol B$221K
Owns and owesPt X
$165K
net assets · Ln 32
Cash and savingsLn 1–2$106K
Total assetsLn 16$168K
LiabilitiesLn 26$3K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$54K
Fees for servicesLn 2g$161K
Investment incomeLn 3$15
Total revenueLn 12$215K
Assets in detailPt X, end of year
CashLn 1$83K
SavingsLn 2$23K
Cash and savings togetherLn 1–2$106K
Accounts receivableLn 4$61K
Total assetsLn 16$168K
LiabilitiesLn 26$3K
Net assetsLn 32$165K
OperationsPt I, VI
EmployeesI 513
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$95K$106K
Total assetsLn 16$173K$168K
LiabilitiesLn 26$2K$3K
Net assetsLn 32$171K$165K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$154K$154K
Accounting feesLn 11c$300$300
Office expensesLn 13$5K$5K
OccupancyLn 16$29K$29K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$29K$29K
Total functional expensesLn 25$221K$221K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 13, 2026 $36K$173K−$137K$0 990 PDF
FY2024Filed with the IRS Nov 3, 2025 $206K$209K−$3K$155K 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $218K$225K−$7K$158K 990 PDF
FY2022 ViewingFiled with the IRS Oct 12, 2023 $215K$221K−$6K$165K 990 PDF
FY2021Filed with the IRS Aug 18, 2022 $252K$210K$41K$171K 990 PDF
FY2020Filed with the IRS Aug 18, 2022 $112K$63K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $214,845 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $63,427$53,675
I-9 Program service revenuePrior year $188,417$161,155
I-10 Investment incomePrior year $14$15
I-11 Other revenue$0
I-12 Total revenuePrior year $251,858$214,845
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $144,984$153,948
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $65,477$67,222
I-18 Total expensesPrior year $210,461$221,170
I-19 Revenue less expensesPrior year $41,397−$6,325
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $214,845 across 6 lines filed
VIII-1f All other contributions, gifts and grants$40,875
VIII-1h Total contributions, gifts and grants$53,675
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $161,155$161,155
VIII-3 Investment incomeRelated to mission $15$15
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $161,170$214,845
Part IX · Statement of functional expenses $221,170 across 6 lines filed
IX-7 Other salaries and wagesPrograms $153,948$153,948
IX-11c Accounting feesPrograms $300$300
IX-13 Office expensesPrograms $5,491$5,491
IX-16 OccupancyPrograms $28,961$28,961
IX-23 InsurancePrograms $3,288$3,288
IX-24 Other expenses (24a–d)Programs $29,182$29,182
IX-25 Total functional expensesPrograms $221,170 · Management $0 · Fundraising $0$221,170
Part X · Balance sheet $167,662 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $73,894$83,224
X-2 Savings and temporary cash investmentsStart of year $21,544$22,968
X-4 Accounts receivableStart of year $77,692$61,470
X-16 Total assetsStart of year $173,130$167,662
X-17 Accounts payable and accrued expensesStart of year $2,278$3,135
X-26 Total liabilitiesStart of year $2,278$3,135
X-27 Net assets without donor restrictionsStart of year $170,852$164,527
X-32 Total net assets or fund balancesStart of year $170,852$164,527
X-33 Total liabilities and net assetsStart of year $173,130$167,662
Part XI · Reconciliation of net assets $164,527 net assets at year end
XI-1 Total revenue$214,845
XI-2 Total expenses$221,170
XI-3 Revenue less expenses−$6,325
XI-4 Net assets at start of year$170,852
XI-10 Net assets at end of year$164,527

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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