Cornerstone Christian Academy

About Cornerstone Christian Academy

Cornerstone Christian Academy (EIN: 208815319) is a nonprofit organization based in Appomattox, VA, classified under NTEE code B20. The organization reported total revenue of $972K and total assets of $1.8M 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.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Cornerstone Christian Academy with a Mission Score of 92 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: 90%
• fundraising: 0%

According to IRS 990 filings, Cornerstone Christian Academy allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported at 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly unusual for an organization of its size with nearly $1 million in annual revenue and nearly $1.8 million in assets, suggesting a strong volunteer leadership model or that key leadership roles are compensated through other means not reported as officer compensation.

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:

• Unusually low or zero reported officer compensation for an organization of this size, which might warrant further inquiry into how leadership is compensated or structured.

Strengths

The following positive indicators were identified for Cornerstone Christian Academy:

• Consistent asset growth, from $1,028,552 in 2015 to $1,713,988 in 2024, indicating strong financial management.
• Revenue consistently exceeding expenses in most years, such as $996,576 revenue vs. $815,671 expenses in 2024, allowing for reinvestment.
• 0% officer compensation reported across all filings, suggesting a high dedication of funds to the mission.
• Positive trend in revenue growth, from $789,614 in 2015 to $996,576 in 2024.

Frequently Asked Questions about Cornerstone Christian Academy

Filing History

IRS 990 filing history for Cornerstone Christian Academy showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Cornerstone Christian Academy's revenue has grown by 162.7%, moving from $379K to $997K. Total assets increased by 75.4% over the same period, from $977K to $1.7M. Total functional expenses rose by 100%, from $408K to $816K. In its most recent filing year (2024), Cornerstone Christian Academy reported a surplus of $181K, with revenue exceeding expenses. The organization holds $125K in liabilities against $1.7M in assets (debt-to-asset ratio: 7.3%), resulting in net assets of $1.6M.

Year-by-Year Financial Summary

• 2024: Revenue of $997K, expenses of $816K, and assets of $1.7M (revenue +6.2% year-over-year).
• 2023: Revenue of $939K, expenses of $949K, and assets of $1.5M (revenue +5.8% year-over-year).
• 2022: Revenue of $888K, expenses of $862K, and assets of $1.5M (revenue +4.0% year-over-year).
• 2021: Revenue of $854K, expenses of $728K, and assets of $1.4M (revenue +12.1% year-over-year).
• 2020: Revenue of $762K, expenses of $760K, and assets of $1.3M (revenue -4.6% year-over-year).
• 2019: Revenue of $798K, expenses of $729K, and assets of $1.2M (revenue -5.8% year-over-year).
• 2018: Revenue of $847K, expenses of $725K, and assets of $1.2M (revenue +13.0% year-over-year).
• 2017: Revenue of $750K, expenses of $707K, and assets of $1.1M (revenue -3.3% year-over-year).
• 2016: Revenue of $776K, expenses of $666K, and assets of $1.1M (revenue -1.8% year-over-year).
• 2015: Revenue of $790K, expenses of $638K, and assets of $1.0M (revenue +17.8% year-over-year).
• 2014: Revenue of $670K, expenses of $668K, and assets of $915K (revenue +18.5% year-over-year).
• 2013: Revenue of $565K, expenses of $568K, and assets of $949K (revenue +2.6% year-over-year).
• 2012: Revenue of $551K, expenses of $519K, and assets of $977K (revenue +45.3% year-over-year).
• 2011: Revenue of $379K, expenses of $408K, and assets of $977K.

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.