Cornerstone Preschool Inc
- Assets
- $55.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Vergennes, VT
- Founding
- 02/2015
- Data as of
- 08/2024
- EIN
- 80-0948629
Organization Overview
Cornerstone Preschool Inc is located in Vergennes, VT. The organization was established in 2015. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Preschool 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 08/2024, Cornerstone Preschool Inc generated $84.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $60.2k during the year ending 08/2024. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
CORNERSTONE PRESCHOOL OFFERS AN EDUCATIONAL PROGRAM FOR PRESHOOL AGED CHILDREN PLUS OFFERS PRE-HOURS AND AFTER-HOURS EXTENDED CARE FOR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Brands President | 1 | $0 | |
Frances Bearor Treasurer | 2 | $0 | |
Julia Devries Asst Treas | 1 | $0 | |
Joann Verburg Director | 1 | $0 | |
Zachary Sullivan Secretary | 1 | $0 | |
Morgan Vanwyck Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,175 |
| Total Program Service Revenue | $82,902 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $84,077 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $49,821 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $8,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,418 |
| Total expenses | $60,239 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,459 |
| Other assets | $0 |
| Total assets | $55,459 |
| Total liabilities | $1,789 |
| Net assets or fund balances | $53,670 |