Cornerstone Academy

Cornerstone Academy shows strong revenue growth and asset accumulation with no reported officer compensation.

EIN: 208135048 · Arlington, TX · NTEE: B21 · Updated: 2026-03-28

$994KRevenue

$115KAssets

90/100Mission Score (Excellent)

B21

About Cornerstone Academy

Cornerstone Academy (EIN: 208135048) is a nonprofit organization based in Arlington, TX, classified under NTEE code B21. The organization reported total revenue of $994K and total assets of $115K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornerstone Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Cornerstone Academy demonstrates a positive trend in financial health, particularly in recent years. The organization has shown consistent revenue growth, increasing from $905,247 in 2021 to $1,421,329 in 2023, indicating growing support and operational capacity. This growth has also translated into a substantial increase in assets, from $294,027 in 2021 to $774,747 in 2023, strengthening its financial foundation. The organization's liabilities remain relatively low compared to its assets, suggesting good financial management and solvency.

While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the consistent reporting of zero officer compensation across all filings is a strong indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice, coupled with a clear history of filing, suggests a well-managed and accountable organization. The significant increase in net assets over the past three years further supports a positive outlook on its financial stability and ability to sustain its programs.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Cornerstone Academy with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Cornerstone Academy allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Cornerstone Academy consistently reports 0% officer compensation across all 13 filings, indicating that no salaries are paid to its officers, which is highly commendable for an organization of its size with revenues exceeding $1 million.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Cornerstone Academy:

Strong and consistent revenue growth, increasing from $905,247 in 2021 to $1,421,329 in 2023.
Significant asset accumulation, growing from $294,027 in 2021 to $774,747 in 2023, enhancing financial stability.
Zero reported officer compensation across all 13 filings, demonstrating a strong commitment to directing funds to the mission.
Low liabilities relative to assets, indicating sound financial management and solvency.
Consistent IRS 990 filing history (13 filings), suggesting good transparency and compliance.

Frequently Asked Questions about Cornerstone Academy

Is Cornerstone Academy a good charity?

Based on the provided data, Cornerstone Academy appears to be a good charity. It demonstrates strong financial growth, healthy asset accumulation, and a notable commitment to transparency by reporting zero officer compensation for over a decade. Its NTEE code B21 suggests a focus on elementary and secondary education, aligning with a direct community benefit.

How has Cornerstone Academy's financial health changed over time?

Cornerstone Academy's financial health has significantly improved, especially in recent years. Revenue has grown from $295,559 in 2020 to $1,421,329 in 2023, and assets have increased dramatically from $88,836 in 2020 to $774,747 in 2023, indicating robust growth and financial stability.

What is the trend in Cornerstone Academy's assets and liabilities?

Cornerstone Academy has shown a strong upward trend in assets, particularly from $88,836 in 2020 to $774,747 in 2023. Liabilities have remained relatively low and stable, ranging from $9,151 to $35,541 over the years, indicating a healthy balance sheet with growing net assets.

Filing History

IRS 990 filing history for Cornerstone Academy showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Cornerstone Academy's revenue has grown by 195.3%, moving from $481K to $1.4M. Total functional expenses rose by 141.1%, from $500K to $1.2M. In its most recent filing year (2023), Cornerstone Academy reported a surplus of $215K, with revenue exceeding expenses. The organization holds $33K in liabilities against $775K in assets (debt-to-asset ratio: 4.3%), resulting in net assets of $742K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.4M	$1.2M	$775K	$33K	—	View 990
2022	$1.1M	$906K	$425K	$22K	—	View 990
2021	$905K	$685K	$294K	$29K	—	View 990
2020	$296K	$540K	$89K	$35K	—	—
2019	$748K	$763K	$11K	$36K	—	View 990
2018	$747K	$752K	$7K	$9K	—	View 990
2017	$757K	$777K	$14K	$11K	—	View 990
2016	$779K	$769K	$38K	$16K	—	View 990
2015	$380K	$368K	$34K	$22K	—	View 990
2014	$518K	$529K	$26K	$26K	—	View 990
2013	$552K	$507K	$35K	$24K	—	View 990
2012	$533K	$529K	$10K	$11K	—	—
2011	$481K	$500K	$-11,690	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.4M, expenses of $1.2M, and assets of $775K (revenue +26.3% year-over-year).
2022: Revenue of $1.1M, expenses of $906K, and assets of $425K (revenue +24.3% year-over-year).
2021: Revenue of $905K, expenses of $685K, and assets of $294K (revenue +206.3% year-over-year).
2020: Revenue of $296K, expenses of $540K, and assets of $89K (revenue -60.5% year-over-year).
2019: Revenue of $748K, expenses of $763K, and assets of $11K (revenue +0.2% year-over-year).
2018: Revenue of $747K, expenses of $752K, and assets of $7K (revenue -1.4% year-over-year).
2017: Revenue of $757K, expenses of $777K, and assets of $14K (revenue -2.8% year-over-year).
2016: Revenue of $779K, expenses of $769K, and assets of $38K (revenue +104.9% year-over-year).
2015: Revenue of $380K, expenses of $368K, and assets of $34K (revenue -26.6% year-over-year).
2014: Revenue of $518K, expenses of $529K, and assets of $26K (revenue -6.1% year-over-year).
2013: Revenue of $552K, expenses of $507K, and assets of $35K (revenue +3.5% year-over-year).
2012: Revenue of $533K, expenses of $529K, and assets of $10K (revenue +10.8% year-over-year).
2011: Revenue of $481K, expenses of $500K, and assets of $-11,690.

Data Sources and Methodology

This transparency report for Cornerstone Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.