Cornerstone Christian School Society
- Assets
- $2.8m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 40
- Location
- Lynden, WA
- Founding
- 10/2002
- Data as of
- 07/2024
- EIN
- 55-0786606
Organization Overview
Cornerstone Christian School Society is located in Lynden, WA. The organization was established in 2002. 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 07/2024, Cornerstone Christian School Society employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Christian School Society 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 07/2024, Cornerstone Christian School Society generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $1.0m during the year ending 07/2024. While expenses have increased by 2.5% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION FOR GRADES 1-12 BASED ON THE CHRISTIAN PRINCIPLES OF THE AMERICAN AND CANADIAN REFORMED CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION FOR GRADES 1-12 BASED ON THE CHRISTIAN PRINCIPLES OF THE AMERICAN AND CANADIAN REFORMED CHURCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Hofford Chairman | OfficerTrustee | 2 | $0 |
Kolin Veldman Treasurer | OfficerTrustee | 2 | $0 |
Dave Hofford Director | Trustee | 2 | $0 |
Jan Kottelenberg Vice-Chairman | OfficerTrustee | 2 | $0 |
Stephanie Bareman Secretary | OfficerTrustee | 2 | $0 |
Harvey Pelleboer Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,049,152 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $198,603 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,247,755 |
| Total Program Service Revenue | $737,728 |
| Investment income | $19,192 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,256 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,031,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,320 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $40,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $654,567 |
| Pension plan accruals and contributions | $15,817 |
| Other employee benefits | $67,796 |
| Payroll taxes | $63,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $435 |
| Fees for services: Accounting | $3,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $201 |
| Office expenses | $3,301 |
| Information technology | $2,244 |
| Royalties | $0 |
| Occupancy | $54,614 |
| Travel | $0 |
| 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 | $42,018 |
| Insurance | $24,605 |
| All other expenses | $0 |
| Total functional expenses | $1,027,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,952 |
| Savings and temporary cash investments | $1,111,233 |
| Pledges and grants receivable | $208,765 |
| Accounts receivable, net | $5,689 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,821 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $35,870 |
| Net Land, buildings, and equipment | $1,202,165 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $109,301 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,820,796 |
| Accounts payable and accrued expenses | $58,939 |
| Grants payable | $0 |
| Deferred revenue | $60,939 |
| 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 | $0 |
| Total liabilities | $119,878 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,700,918 |
| Total liabilities and net assets/fund balances | $2,820,796 |