Cornerstone Christian School
- Assets
- $4.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 85
- Location
- San Angelo, TX
- Founding
- 08/1986
- Data as of
- 07/2024
- EIN
- 75-2123230
Organization Overview
Cornerstone Christian School is located in San Angelo, TX. The organization was established in 1986. 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 07/2024, Cornerstone Christian School employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Christian 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 07/2024, Cornerstone Christian School generated $2.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $2.7m during the year ending 07/2024. While expenses have increased by 5.2% 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
TO DEVELOP WORLD-CHANGING, ACADEMICALLY EXCELLENT LEADERS WHO ARE TRANSFORMED BY GOD & HIS WORD
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCREDITED EDUCATION: PRE-KINDERGARTEN THROUGH TWELFTH GRADE WITH APPROXIMATE AVERAGE OF 290 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Glass President | OfficerTrustee | 2 | $0 |
Jeremy Harrison Vice President | OfficerTrustee | 2 | $0 |
Lindsey Gore Secretary | OfficerTrustee | 2 | $0 |
Charati Doss-Leach Treasurer | OfficerTrustee | 2 | $0 |
Kathy Anderson Director | Trustee | 2 | $0 |
Wade Everton Director | Trustee | 2 | $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 | $411,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $411,790 |
| Total Program Service Revenue | $1,899,262 |
| Investment income | $1,619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,342 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $109,657 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $96,885 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,548,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $89,494 |
| Grants and other assistance to domestic individuals. | $200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $1,553,942 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,472 |
| Payroll taxes | $114,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,970 |
| Fees for services: Accounting | $3,472 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,235 |
| Advertising and promotion | $8,571 |
| Office expenses | $7,991 |
| Information technology | $62,772 |
| Royalties | $0 |
| Occupancy | $266,161 |
| Travel | $82,528 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $286 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,161 |
| Insurance | $8,663 |
| All other expenses | $23,329 |
| Total functional expenses | $2,665,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,041,707 |
| Savings and temporary cash investments | $97,824 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,384,319 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,523,850 |
| Accounts payable and accrued expenses | $21,325 |
| Grants payable | $0 |
| Deferred revenue | $666,326 |
| 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 | $23,284 |
| Total liabilities | $710,935 |
| Net assets without donor restrictions | $3,680,325 |
| Net assets with donor restrictions | $132,590 |
| 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 | $4,523,850 |