The Cornerstone School Inc

Organization Overview

The Cornerstone School Inc is located in Ocala, FL. The organization was established in 1983. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Cornerstone School Inc employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Cornerstone School Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $3.0m during the year ending 06/2021. While expenses have increased by 6.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO INSPIRE STUDENTS TO BE PASSIONATE LEARNERS WHO THINK CREATIVELY AND INDEPENDENTLY, AND TO NURTURE A SENSE OF PURPOSE GUIDED BY VALUES OF TOLERANCE, INTEGRITY AND MUTUAL RESPECT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE A PRIVATE EDUCATIONAL ENVIRONMENT FOR PRESCHOOL THROUGH MIDDLE SCHOOL AGED CHILDREN. THE SCHOOL SERVES APPROXIMATELY 250 STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Ingrid Wasserfall
Director Of
$120,625
Bonnie Farr
President
$0
Kathy Frances
Vice-Preside
$0
Angie Jones
Secretary
$0
Jaclyn Berg
Treasurer
$0
David Martin
Chair Of Gov
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$41,073
Related organizations$0
Government grants $102,511
All other contributions, gifts, grants, and similar amounts not included above$167,091
Noncash contributions included in lines 1a–1f $16,023
Total Revenue from Contributions, Gifts, Grants & Similar$310,675
Total Program Service Revenue$3,059,730
Investment income $1,672
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $448
Net Income from Fundraising Events $14,184
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,387,864

Grants Recieved

Over the last fiscal year, we have identified 3 grants that The Cornerstone School Inc has recieved totaling $55,175.

Awarding OrganizationAmount
Mantz Foundation Inc

Ocala, FL

PURPOSE: TECHNOLOGY NEEDS

$50,000
M Austin Davis Foundation Inc

Jacksonville, FL

PURPOSE: UNSPECIFIED

$5,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$175
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,500
Ending Balance$2,500

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