Cornerstone Christian Academy Inc
- Assets
- $4.7m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 81
- Location
- Willoughby Hills, OH
- Founding
- 01/1999
- Data as of
- 06/2022
- EIN
- 31-1549327
Organization Overview
Cornerstone Christian Academy Inc is located in Willoughby Hills, OH. The organization was established in 1999. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Cornerstone Christian Academy Inc employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Christian Academy 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 06/2022, Cornerstone Christian Academy Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 4.6% 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
CORNERSTONE CHRISTIAN ACADEMY WAS INCORPORATED IN 2000 AS A NON-PROFIT ORGANIZATION FOR THE PURPOSE OF OPERATING A PRIVATE CHRISTIAN SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
504 STUDENTS WERE SERVED IN THE COMPLETE EDUCATIONAL EXPERIENCE OF OUR ELEMENTARY AND SECONDARY EDUCATION PROGRAMS DURING THE 2021-22 SCHOOL YEAR. CCA IS A COEDUCATIONAL, NONDENOMINATIONAL CHRISTIAN PRIVATE SCHOOL SERVING GRADES K4-12 IN WILLOUGHBY HILLS, OHIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Ortiz Head Of School | Officer | 45 | $81,825 |
Charles Ruth Treasurer | OfficerTrustee | 20 | $45,475 |
Richard Hansen Vice President | OfficerTrustee | 5 | $0 |
Carole Terkelsen Secretary | OfficerTrustee | 5 | $0 |
James O'leary President | OfficerTrustee | 10 | $0 |
Lenore Price Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $161,113 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $161,113 |
| Total Program Service Revenue | $3,316,188 |
| Investment income | $665 |
| 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 | $3,484,936 |
| 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. | $127,300 |
| Compensation of current officers, directors, key employees. | $95,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,710,408 |
| Pension plan accruals and contributions | $21,027 |
| Other employee benefits | $264,307 |
| Payroll taxes | $135,817 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,336 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $36,454 |
| Information technology | $6,242 |
| Royalties | $0 |
| Occupancy | $293,282 |
| Travel | $46,967 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,013 |
| Insurance | $14,101 |
| All other expenses | -$487 |
| Total functional expenses | $3,148,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,664 |
| Savings and temporary cash investments | $1,292,120 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,529,633 |
| 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 | $122,580 |
| Net Land, buildings, and equipment | $571,111 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,672,108 |
| Accounts payable and accrued expenses | $85,716 |
| Grants payable | $0 |
| Deferred revenue | $2,687,829 |
| 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 | $370,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,143,545 |
| Net assets without donor restrictions | $1,528,563 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,672,108 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cornerstone Christian Academy Inc has recieved totaling $431,735.
| Awarding Organization | Amount |
|---|---|
In His Steps Foundation Independence, OH PURPOSE: EDU/SCHOLAR K-12 | $431,491 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $244 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Louisville Collegiate School Louisville, KY | $44,243,091 | $19,424,992 |
Columbus School For Girls Columbus, OH | $50,828,669 | $22,436,209 |
Canterbury School Inc Fort Wayne, IN | $14,789,368 | $17,058,422 |
Mastery Charter School-Pickett Campus Philadelphia, PA | $12,425,498 | $19,474,866 |
Kentucky Country Day School Inc Louisville, KY | $45,327,857 | $17,940,550 |
Roeper City & Country School Inc Bloomfield Hills, MI | $31,989,087 | $17,945,828 |
Philadelphia Academy Charter School Philadelphia, PA | $22,346,982 | $21,291,315 |
Maumee Valley Country Day School Toledo, OH | $12,782,081 | $15,512,286 |
Sayre School Lexington, KY | $37,948,520 | $16,925,718 |
Propel Charter School - Montour Pittsburgh, PA | $8,477,857 | $16,070,119 |