Cornerstone Montessori Elementary School
- Assets
- $1.9m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 48
- Location
- Saint Paul, MN
- Founding
- 04/2011
- Data as of
- 06/2022
- EIN
- 27-1556815
Organization Overview
Cornerstone Montessori Elementary School is located in Saint Paul, MN. The organization was established in 2011. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Cornerstone Montessori Elementary School employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Montessori Elementary School 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 06/2022, Cornerstone Montessori Elementary School generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 6.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT CHILDREN FROM CULTURALLY AND ECONOMICALLY DIVERSE BACKGROUNDS LIVING IN OR NEAR ST. PAUL'S EAST SIDE THROUGH A RIGOROUS AND HIGH-IMPACT MONTESSORI PROGRAM THAT EMPOWERS THEM TO MAKE POSITIVE DECISIONS, DEVELOP SELF-DISCIPLINE, AND CREATE A TRUE SENSE OF RESPONSIBILITY FOR THEMSELVES AND OTHER IN THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORNERSTONE MONTESSORI ELEMENTARY SCHOOL SERVES CHILDREN IN ECONOMICALLY DIVERSE BACKGROUNDS THROUGH A RIGOROUS AND HIGH-IMPACT MONTESSORI PROGRAM. STUDENTS SERVED ARE IN KINDERGARTEN THROUGH 6TH GRADE AND LIVE IN OR NEAR ST. PAUL'S EAST SIDE.
CORNERSTONE MONTESSORI ELEMENTARY SCHOOL OFFERS ALL STUDENTS A HOT LUNCH EVERYDAY. THE SCHOOL PARTICIPATES IN THE NATIONAL LUNCH PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Bewell Director Of Business Operations | Officer | 42 | $66,801 |
Alyssa Schwartz Head Of School | Officer | 42 | $53,295 |
Jessica Goff Secretary | OfficerTrustee | 42 | $52,854 |
Marcus Almon Trustee | Trustee | 2 | $0 |
Julaine Roffers-Agarwal Vice Chair | OfficerTrustee | 2 | $0 |
Jean Melancon Board Chair/treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Centerline Charter Corp Transportation Services | 6/29/22 | $139,070 |
Twin Cities Education Consultants Special Ed Services | 6/29/22 | $104,345 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,419,393 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,013 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,523,406 |
| Total Program Service Revenue | $0 |
| Investment income | $1,720 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,525,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $206,075 |
| Compensation of current officers, directors, key employees. | $142,092 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $950,826 |
| Pension plan accruals and contributions | $90,887 |
| Other employee benefits | $71,704 |
| Payroll taxes | $83,172 |
| Fees for services: Management | $63,574 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,306 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,598 |
| Advertising and promotion | $0 |
| Office expenses | $58,836 |
| Information technology | $35,316 |
| Royalties | $0 |
| Occupancy | $66,442 |
| Travel | $240,851 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,618 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $194,351 |
| Insurance | $13,346 |
| All other expenses | $0 |
| Total functional expenses | $2,604,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $620,420 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $476,306 |
| Accounts receivable, net | $4,459 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,461 |
| Net Land, buildings, and equipment | $202,998 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $539,631 |
| Total assets | $1,850,275 |
| Accounts payable and accrued expenses | $221,076 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,888,694 |
| Total liabilities | $2,109,770 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | -$462,493 |
| Retained earnings, endowment, accumulated income, or other funds | $202,998 |
| Total liabilities and net assets/fund balances | $1,850,275 |