Cornerstone Crossroads Academy Inc
Cornerstone Crossroads Academy Inc shows robust asset growth and zero reported officer compensation.
EIN: 113761734 · Dallas, TX · NTEE: B25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $818K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $3.9M |
| Transparency Score | 95/100 |
Is Cornerstone Crossroads Academy Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cornerstone Crossroads Academy Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cornerstone Crossroads Academy Inc
Cornerstone Crossroads Academy Inc (EIN: 113761734) is a nonprofit organization based in Dallas, TX, classified under NTEE code B25. The organization reported total revenue of $1.3M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornerstone Crossroads Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornerstone Crossroads Academy Inc is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $818K |
| Surplus / Deficit | +$652K |
| Total Assets | $4.0M |
| Total Liabilities | $62K |
| Net Assets | $3.9M |
| Operating Margin | 44.3% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 58.0 months |
Financial Health Grade: A
In 2023, Cornerstone Crossroads Academy Inc reported a surplus of $652K with revenue exceeding expenses, holds 58.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Cornerstone Crossroads Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -38.5% | +33.5% | +21.9% |
| 2022 | +106.3% | -2.8% | +110.9% |
| 2021 | +98.8% | +105.4% | +49.8% |
| 2020 | -32.2% | -53.7% | +25.7% |
| 2020 | +17.0% | -1.2% | +108.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Crossroads Academy Inc with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Cornerstone Crossroads Academy Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $652K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly commendable for an organization with assets nearing $4 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 Crossroads Academy Inc:
- Significant asset growth from $1,538,496 in 2021 to $3,954,134 in 2023.
- Consistently low liabilities relative to assets, indicating strong financial stability.
- Zero reported officer compensation across all 14 filings, demonstrating high efficiency and mission focus.
- Revenues consistently exceeding expenses, especially in recent years, allowing for robust reserve building.
- Strong financial trajectory with revenue increasing from $377,448 in 2015 to $1,470,207 in 2023 (excluding the outlier 2022 revenue).
Frequently Asked Questions about Cornerstone Crossroads Academy Inc
Is Cornerstone Crossroads Academy Inc a legitimate charity?
Cornerstone Crossroads Academy Inc (EIN: 113761734) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 95/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Cornerstone Crossroads Academy Inc spend its money?
Cornerstone Crossroads Academy Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Cornerstone Crossroads Academy Inc tax-deductible?
Cornerstone Crossroads Academy Inc is registered as a tax-exempt nonprofit (EIN: 113761734). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cornerstone Crossroads Academy Inc CEO make?
Cornerstone Crossroads Academy Inc's highest-compensated officer earns $4 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cornerstone Crossroads Academy Inc's spending goes to programs?
Cornerstone Crossroads Academy Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cornerstone Crossroads Academy Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Cornerstone Crossroads Academy Inc is above average for NTEE category B25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cornerstone Crossroads Academy Inc located?
Cornerstone Crossroads Academy Inc is headquartered in Dallas, Texas and files with the IRS under EIN 113761734. It is classified under NTEE code B25.
How many years of IRS 990 filings does Cornerstone Crossroads Academy Inc have?
Cornerstone Crossroads Academy Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
Is Cornerstone Crossroads Academy Inc a good charity?
Based on the provided financial data, Cornerstone Crossroads Academy Inc appears to be a very good charity. It demonstrates strong financial health with growing assets, consistently manages expenses well below revenue, and reports 0% officer compensation, indicating a strong commitment to its mission.
How has Cornerstone Crossroads Academy Inc's financial health changed over time?
Cornerstone Crossroads Academy Inc has shown remarkable financial growth. Its assets have increased from $67,834 in 2016 to $3,954,134 in 2023, and revenues have consistently outpaced expenses, particularly in recent years, indicating excellent financial management and sustainability.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting a volunteer-led executive team or that executive salaries are covered by other means, which is a strong indicator of dedication to maximizing funds for programmatic use.
Filing History
IRS 990 filing history for Cornerstone Crossroads Academy Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Cornerstone Crossroads Academy Inc's revenue has grown by 809.6%, moving from $162K to $1.5M. Total assets increased by 14599.4% over the same period, from $27K to $4.0M. Total functional expenses rose by 416%, from $159K to $818K. In its most recent filing year (2023), Cornerstone Crossroads Academy Inc reported a surplus of $652K, with revenue exceeding expenses. The organization holds $62K in liabilities against $4.0M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $818K | $4.0M | $62K | — | — |
| 2022 | $2.4M | $613K | $3.2M | $45K | — | — |
| 2021 | $1.2M | $630K | $1.5M | $154K | — | View 990 |
| 2020 | $583K | $307K | $1.0M | $167K | — | View 990 |
| 2020 | $860K | $663K | $817K | $243K | — | View 990 |
| 2019 | $735K | $671K | $392K | $15K | — | View 990 |
| 2018 | $722K | $545K | $322K | $8K | — | View 990 |
| 2017 | $543K | $478K | $137K | $0 | — | View 990 |
| 2016 | $441K | $449K | $68K | $0 | — | View 990 |
| 2015 | $377K | $376K | $76K | $0 | — | View 990 |
| 2014 | $327K | $361K | $72K | $0 | — | View 990 |
| 2013 | $312K | $225K | $109K | $2K | — | View 990 |
| 2012 | $178K | $184K | $24K | $2K | — | View 990 |
| 2011 | $162K | $159K | $27K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $818K, and assets of $4.0M (revenue -38.5% year-over-year).
- 2022: Revenue of $2.4M, expenses of $613K, and assets of $3.2M (revenue +106.3% year-over-year).
- 2021: Revenue of $1.2M, expenses of $630K, and assets of $1.5M (revenue +98.8% year-over-year).
- 2020: Revenue of $583K, expenses of $307K, and assets of $1.0M (revenue -32.2% year-over-year).
- 2020: Revenue of $860K, expenses of $663K, and assets of $817K (revenue +17.0% year-over-year).
- 2019: Revenue of $735K, expenses of $671K, and assets of $392K (revenue +1.8% year-over-year).
- 2018: Revenue of $722K, expenses of $545K, and assets of $322K (revenue +32.9% year-over-year).
- 2017: Revenue of $543K, expenses of $478K, and assets of $137K (revenue +23.1% year-over-year).
- 2016: Revenue of $441K, expenses of $449K, and assets of $68K (revenue +16.9% year-over-year).
- 2015: Revenue of $377K, expenses of $376K, and assets of $76K (revenue +15.5% year-over-year).
- 2014: Revenue of $327K, expenses of $361K, and assets of $72K (revenue +4.8% year-over-year).
- 2013: Revenue of $312K, expenses of $225K, and assets of $109K (revenue +75.1% year-over-year).
- 2012: Revenue of $178K, expenses of $184K, and assets of $24K (revenue +10.2% year-over-year).
- 2011: Revenue of $162K, expenses of $159K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornerstone Crossroads Academy Inc:
Data Sources and Methodology
This transparency report for Cornerstone Crossroads Academy Inc 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.