Cornerstone Academy

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Cornerstone Academy Form 990, Revenue, CEO Pay, and IRS Filing Signals

Cornerstone Academy is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Cornerstone Academy in one place.

Is Cornerstone Academy Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Cornerstone Academy shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Cornerstone Academy directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Cornerstone Academy is a small nonprofit that has been operating for 13 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Cornerstone Academy reported a surplus of $215K with revenue exceeding expenses, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 4.3% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Cornerstone Academy's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $215K, with revenue exceeding expenses.
• Debt-to-asset ratio: 4.3%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Cornerstone Academy:

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.