Cornerstone Christian Academy
Cornerstone Christian Academy reports zero revenue and assets in its latest filing after years of declining financial activity.
EIN: 205342695 · Presque Isle, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $71K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $300,000 |
| Net Assets | $279K |
| Transparency Score | 30/100 |
Search Intent Cockpit
Cornerstone Christian Academy Form 990, Revenue, CEO Pay, and IRS Filing Signals
Cornerstone Christian 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 Christian Academy in one place.
Form 990 Filing Summary
8 filing years are available, with latest revenue of $59K and expenses of $71K.
Revenue and Expenses
Cornerstone Christian Academy reported $59K in revenue and $71K in expenses, a deficit of $12K.
Executive Compensation
Top officer compensation appears as $300,000 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
30/100 mission score, 4 red flags, and 3 strengths are shown from structured and AI review.
Is Cornerstone Christian Academy Legit?
Significant Concerns
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
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $50K (70%) |
Across stored filings, Cornerstone Christian Academy shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 4 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade B | 8 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Compare with Maine Composite Materials Applied Technology Development Center →All Maine nonprofits
Local and Sector Spokes
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Presque Isle, ME nonprofitsFollow the Money
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Donation Decision Flow
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2Understand money
70% of spending goes to programs.
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4Decide
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Keep the Investigation Moving
Cornerstone Christian Academy directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Cornerstone Christian Academy
Cornerstone Christian Academy (EIN: 205342695) is a nonprofit organization based in Presque Isle, ME. 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 Christian Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornerstone Christian Academy is a micro nonprofit, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -18.2%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $59K |
| Total Expenses | $71K |
| Surplus / Deficit | $-12,214 |
| Total Assets | $279K |
| Total Liabilities | $60 |
| Net Assets | $279K |
| Operating Margin | -20.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 47.1 months |
Financial Health Grade: B
In 2018, Cornerstone Christian Academy reported a deficit of $12K with expenses exceeding revenue, holds 47.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2018), Cornerstone Christian Academy's revenue has declined at a compound annual growth rate (CAGR) of -18.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -82.2% | -79.5% | -15.0% |
| 2017 | +0.6% | +3.8% | -0.9% |
| 2016 | -25.6% | -0.8% | -3.4% |
| 2015 | +40.7% | +7.7% | +4.8% |
| 2014 | -4.1% | +57.1% | -1.7% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cornerstone Christian Academy with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Cornerstone Christian Academy allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that officers either serve on a volunteer basis or receive no reportable compensation, which is highly unusual for an organization of its former size (with revenues previously exceeding $300,000).
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.
Red Flags
The following concerns were identified during AI analysis of Cornerstone Christian Academy's IRS 990 filings:
- Zero reported revenue and assets in the latest filing, indicating potential cessation of operations.
- Consistent trend of expenses exceeding revenue in recent active years (e.g., 2017, 2018), suggesting financial instability.
- Significant decline in revenue from $441,346 in 2015 to $58,906 in 2018, preceding the $0 report.
- Lack of detailed spending breakdown (program vs. admin vs. fundraising) in the provided summary data, hindering efficiency assessment.
Strengths
The following positive indicators were identified for Cornerstone Christian Academy:
- History of filing IRS Form 990s, indicating compliance with reporting requirements during its active years.
- Consistent reporting of 0% officer compensation, suggesting a volunteer-driven leadership structure or very low executive costs.
- Maintained a stable asset base (around $300,000-$340,000) for several years (2013-2017) before the recent decline.
Frequently Asked Questions about Cornerstone Christian Academy
Is Cornerstone Christian Academy a legitimate charity?
Cornerstone Christian Academy (EIN: 205342695) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 30/100. It has 8 years of IRS 990 filings on record. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Cornerstone Christian Academy spend its money?
Cornerstone Christian Academy directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Cornerstone Christian Academy tax-deductible?
Cornerstone Christian Academy is registered as a tax-exempt nonprofit (EIN: 205342695). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cornerstone Christian Academy CEO make?
Cornerstone Christian Academy's highest-compensated officer earns $300,000 annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cornerstone Christian Academy's spending goes to programs?
Cornerstone Christian Academy directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Cornerstone Christian Academy located?
Cornerstone Christian Academy is headquartered in Presque Isle, Maine and files with the IRS under EIN 205342695.
How many years of IRS 990 filings does Cornerstone Christian Academy have?
Cornerstone Christian Academy has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What caused the sudden drop to $0 in revenue and assets in the latest filing?
The provided data does not specify the reason for the dramatic decline to zero revenue and assets, but it strongly suggests the organization may have ceased operations or undergone a significant dissolution.
Is Cornerstone Christian Academy still operational?
Based on the latest filing reporting $0 revenue and $0 assets, it is highly probable that Cornerstone Christian Academy is no longer actively operational.
What was the organization's primary source of revenue when it was active?
The provided summary data does not detail the specific sources of revenue, only the total amounts. Further investigation into the full 990 forms would be required.
How did the organization manage its liabilities, which fluctuated significantly?
Liabilities varied from a low of $3,281 in 2012 to a high of $120,196 in 2013 and $114,790 in 2014, before decreasing again. The summary data does not provide details on how these liabilities were managed or what they represented.
Filing History
IRS 990 filing history for Cornerstone Christian Academy showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Cornerstone Christian Academy's revenue has declined by 75.5%, moving from $240K to $59K. Total assets increased by 361.1% over the same period, from $61K to $279K. Total functional expenses fell by 63%, from $192K to $71K. In its most recent filing year (2018), Cornerstone Christian Academy reported a deficit of $12K, with expenses exceeding revenue. The organization holds $60 in liabilities against $279K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $279K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $59K | $71K | $279K | $60 | — | View 990 |
| 2017 | $330K | $348K | $328K | $37K | — | View 990 |
| 2016 | $328K | $335K | $331K | $22K | — | View 990 |
| 2015 | $441K | $338K | $343K | $27K | — | View 990 |
| 2014 | $314K | $314K | $327K | $115K | — | View 990 |
| 2013 | $327K | $200K | $333K | $120K | — | View 990 |
| 2012 | $242K | $214K | $88K | $3K | — | View 990 |
| 2011 | $240K | $192K | $61K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $59K, expenses of $71K, and assets of $279K (revenue -82.2% year-over-year).
- 2017: Revenue of $330K, expenses of $348K, and assets of $328K (revenue +0.6% year-over-year).
- 2016: Revenue of $328K, expenses of $335K, and assets of $331K (revenue -25.6% year-over-year).
- 2015: Revenue of $441K, expenses of $338K, and assets of $343K (revenue +40.7% year-over-year).
- 2014: Revenue of $314K, expenses of $314K, and assets of $327K (revenue -4.1% year-over-year).
- 2013: Revenue of $327K, expenses of $200K, and assets of $333K (revenue +35.1% year-over-year).
- 2012: Revenue of $242K, expenses of $214K, and assets of $88K (revenue +0.7% year-over-year).
- 2011: Revenue of $240K, expenses of $192K, and assets of $61K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornerstone Christian Academy:
Data Sources and Methodology
This transparency report for Cornerstone Christian 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.