Cornerstone Christian Academy
- Assets
- $3.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 45
- Location
- Granbury, TX
- Founding
- 01/2001
- Data as of
- 05/2021
- EIN
- 75-2860937
Organization Overview
Cornerstone Christian Academy is located in Granbury, TX. The organization was established in 2001. 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 05/2022, Cornerstone Christian Academy employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Christian Academy 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 05/2021, Cornerstone Christian Academy generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.3m during the year ending 05/2021. While expenses have increased by 2.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF PRIVATE CHRISTIAN SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF PRIVATE CHRISTIAN SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Kirk Vice Preside | OfficerTrustee | 2 | $0 |
Stephanie Kirk Secretary | OfficerTrustee | 2 | $0 |
David Stull Treasurer | OfficerTrustee | 2 | $0 |
Trace Moore President | OfficerTrustee | 2 | $0 |
Duane Dewald Head Of Scho | Officer | 40 | $0 |
Michael Carter Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,725 |
| Investment income | $576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,766 |
| Net Rental Income | $8,940 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $56,154 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,523,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,500 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $835,137 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $65,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $325 |
| Fees for services: Accounting | $8,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,460 |
| Advertising and promotion | $3,022 |
| Office expenses | $1,846 |
| Information technology | $10,843 |
| Royalties | $0 |
| Occupancy | $68,882 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $86,611 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,855 |
| Insurance | $13,153 |
| All other expenses | $0 |
| Total functional expenses | $1,330,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,503 |
| Savings and temporary cash investments | $138,597 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,506 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,276,320 |
| Accounts payable and accrued expenses | $10,498 |
| Grants payable | $0 |
| Deferred revenue | $150,930 |
| 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 | $2,526,430 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,886 |
| Total liabilities | $2,703,744 |
| 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 |
| Total liabilities and net assets/fund balances | $572,576 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cornerstone Christian Academy has recieved totaling $431.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $431 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Academies Of New Orleans Inc New Orleans, LA | $3,607,282 | $19,811,905 |
Varnett Schools Inc Houston, TX | $25,630,579 | $16,355,176 |
The Emery-Weiner Center For Jewish Education Houston, TX | $36,882,077 | $18,976,630 |
Sandia School Albuquerque, NM | $27,571,490 | $14,904,182 |
French & Montessori Education Inc New Orleans, LA | $8,632,060 | $13,354,447 |
Fort Bend Christian Academy Sugar Land, TX | $31,881,778 | $16,006,683 |
The Lamplighter School Dallas, TX | $61,812,607 | $20,667,782 |
Arise Academy New Orleans, LA | $3,784,290 | $13,860,913 |
Ser Ninos Inc Houston, TX | $64,261,169 | $15,924,628 |
San Antonio Academy Of Texas San Antonio, TX | $49,529,781 | $8,875,317 |
Conservative Jewish Day School Of Dallas Inc Dallas, TX | $20,121,364 | $11,313,522 |
Hope Christian Schools Inc Albuquerque, NM | $37,299,109 | $13,469,173 |