Cornerstone Academy Preparatory School
EIN: 264073462 · San Jose, CA
| Metric | Value |
|---|---|
| Total Expenses | $3.8M |
| Net Assets | $3.1M |
Is Cornerstone Academy Preparatory School Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cornerstone Academy Preparatory School
Cornerstone Academy Preparatory School (EIN: 264073462) is a nonprofit organization based in San Jose, CA. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornerstone Academy Preparatory School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornerstone Academy Preparatory School is a mid-size nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 28.6%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $3.8M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $3.2M |
| Total Liabilities | $63K |
| Net Assets | $3.1M |
| Operating Margin | 23.1% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 10.0 months |
Financial Health Grade: A
In 2016, Cornerstone Academy Preparatory School reported a surplus of $1.2M with revenue exceeding expenses, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2016), Cornerstone Academy Preparatory School's revenue has grown at a compound annual growth rate (CAGR) of 28.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +42.7% | +46.6% | +55.5% |
| 2015 | +20.6% | +5.1% | +67.4% |
| 2014 | +54.6% | +41.9% | +38.0% |
| 2013 | +22.4% | +24.3% | +11.8% |
| 2012 | +8.2% | +44.4% | +79.7% |
AI Analysis Pending
AI enrichment for Cornerstone Academy Preparatory School has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cornerstone Academy Preparatory School with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.0%.
Frequently Asked Questions about Cornerstone Academy Preparatory School
Is Cornerstone Academy Preparatory School a legitimate charity?
Cornerstone Academy Preparatory School (EIN: 264073462) is a registered tax-exempt nonprofit based in California. It has 6 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Cornerstone Academy Preparatory School spend its money?
Cornerstone Academy Preparatory School reported its financials in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cornerstone Academy Preparatory School tax-deductible?
Cornerstone Academy Preparatory School is registered as a tax-exempt nonprofit (EIN: 264073462). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cornerstone Academy Preparatory School located?
Cornerstone Academy Preparatory School is headquartered in San Jose, California and files with the IRS under EIN 264073462.
How many years of IRS 990 filings does Cornerstone Academy Preparatory School have?
Cornerstone Academy Preparatory School has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Cornerstone Academy Preparatory School showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Cornerstone Academy Preparatory School's revenue has grown by 252.4%, moving from $1.4M to $5.0M. Total assets increased by 621.7% over the same period, from $442K to $3.2M. Total functional expenses rose by 292.9%, from $974K to $3.8M. In its most recent filing year (2016), Cornerstone Academy Preparatory School reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $63K in liabilities against $3.2M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $5.0M | $3.8M | $3.2M | $63K | — | — |
| 2015 | $3.5M | $2.6M | $2.0M | $76K | — | View 990 |
| 2014 | $2.9M | $2.5M | $1.2M | $130K | — | View 990 |
| 2013 | $1.9M | $1.7M | $887K | $204K | — | View 990 |
| 2012 | $1.5M | $1.4M | $794K | $233K | — | View 990 |
| 2011 | $1.4M | $974K | $442K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $5.0M, expenses of $3.8M, and assets of $3.2M (revenue +42.7% year-over-year).
- 2015: Revenue of $3.5M, expenses of $2.6M, and assets of $2.0M (revenue +20.6% year-over-year).
- 2014: Revenue of $2.9M, expenses of $2.5M, and assets of $1.2M (revenue +54.6% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.7M, and assets of $887K (revenue +22.4% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.4M, and assets of $794K (revenue +8.2% year-over-year).
- 2011: Revenue of $1.4M, expenses of $974K, and assets of $442K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornerstone Academy Preparatory School:
Data Sources and Methodology
This transparency report for Cornerstone Academy Preparatory School 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.