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CORNERSTONE SCHOOLS OF WASHINGTON DC INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
CORNERSTONE SCHOOLS OF WASHINGTON DC INC (EIN 52-2084049)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-13
IRS object ID
202511339349302036
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-13T08:18:30-07:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN521861549PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ANDERSON DAVIS & ASSOCIATES CPA PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11406 B SOUTH CRAIN HWY 204AddressLine1Txt
CityGLEN BURNIECityNm
State AbbreviationMDStateAbbreviationCd
ZIP21061ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN522084049EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CORNERSTONE SCHOOLS OF WASHINGTON DC INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCORNBusinessNameControlTxt
Phone2025750027PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13742 ELY PLACE SEAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20019ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEFF WOODPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2025750027PhoneNum
Signature2025-05-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBENJAMIN M YUST CPAPreparerPersonNm
PTINP00847883PTIN
Phone4107662645PhoneNum
Preparation2025-05-13PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJEFF WOODPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13742 ELY PLACE SEAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20019ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,190,421GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.CORNERSTONE-SCHOOLS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1997FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionTHROUGH A PARTNERSHIP OF FAMILY, SCHOOL AND COMMUNITY, CORNERSTONE PROVIDES A CHRIST-CENTERED, NURTURING, AND ACADEMICALLY ROBUST EDUCATION FORMING THE CHILDREN OF WASHINGTON DC, IN THE HABITS (CONTINUED ON SCHEDULE O)ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee59TotalEmployeeCnt
Total Volunteers100TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,499,781PYContributionsGrantsAmt
CY Contributions Grants$1,685,372CYContributionsGrantsAmt
PY Program Service Revenue$1,610,520PYProgramServiceRevenueAmt
CY Program Service Revenue$1,477,602CYProgramServiceRevenueAmt
PY Investment Income-$289PYInvestmentIncomeAmt
CY Investment Income$332CYInvestmentIncomeAmt
PY Other Revenue$1,199PYOtherRevenueAmt
CY Other Revenue-$4,484CYOtherRevenueAmt
PY Total Revenue$3,111,211PYTotalRevenueAmt
CY Total Revenue$3,158,822CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,322,446PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,418,203CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$149,689CYTotalFundraisingExpenseAmt
PY Other Expenses$1,046,988PYOtherExpensesAmt
CY Other Expenses$1,045,609CYOtherExpensesAmt
PY Total Expenses$3,369,434PYTotalExpensesAmt
CY Total Expenses$3,463,812CYTotalExpensesAmt
PY Revenues Less Expenses-$258,223PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$304,990CYRevenuesLessExpensesAmt
Total Assets BOY$2,729,141TotalAssetsBOYAmt
Total Assets EOY$2,152,922TotalAssetsEOYAmt
Total Liabilities BOY$2,338,926TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,067,697TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$390,215NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$85,225NetAssetsOrFundBalancesEOYAmt
MissionTHROUGH A PARTNERSHIP OF FAMILY, SCHOOL AND COMMUNITY, CORNERSTONE PROVIDES CHRIST-CENTERED, NURTURING, AND ACADEMICALLY ROBUST EDUCATION FORMING THE CHILDREN OF WASHINGTON D.C. IN THE HABITS (CONTINUED ON SCHEDULE O)MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$2,973,918ExpenseAmt
Grant$0GrantAmt
Revenue$1,477,602RevenueAmt
DescTHE SCHOOL PROVIDES AN OPPORTUNITY FOR CHRISTIAN EDUCATION FOR LOW-INCOME CHILDREN. DURING THE CURRENT YEAR THE SCHOOL HAD 180 STUDENTS FROM THE WASHINGTON D.C. METRO AREA.Desc
Total Program Service Expenses$2,973,918TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee59EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesfalseMinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMARGARET ARNOULTPersonNm
Phone2025750027PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13742 ELY PLACE SEAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20019ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
DEAN LUCKENBAUGH
EXECUTIVE DIRECTOR40.00Yes (X)$154,008$0$41,778
JEFF WOOD
PRESIDENT5.00Yes (X)$0$0$0Yes (X)
RICKEY BOLDEN
VICE PRESIDENT5.00Yes (X)$0$0$0Yes (X)
DAN SMITH
TREASURER5.00Yes (X)$0$0$0Yes (X)
BRETT BLOOM
SECRETARY5.00Yes (X)$0$0$0Yes (X)
ED FRANCESKI
DIRECTOR3.00$0$0$0Yes (X)
MICHELLE HODGE
DIRECTOR3.00$0$0$0Yes (X)
CHRYSTAL JONES
DIRECTOR3.00$0$0$0Yes (X)
STERLING MEHRING
DIRECTOR3.00$0$0$0Yes (X)
ANNA WISHARD
DIRECTOR3.00$0$0$0Yes (X)
SEAN CLARK
DIRECTOR3.00$0$0$0Yes (X)
ROD DURHAM
DIRECTOR3.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$154,008TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$41,778TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$7,120FundraisingAmt
All Other Contributions$1,678,252AllOtherContributionsAmt
Noncash Contributions$66,606NoncashContributionsAmt
Total Contributions$1,685,372TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescTUITIONDesc
Business611110BusinessCd
Total Revenue Column$1,477,602TotalRevenueColumnAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$1,477,602TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$332TotalRevenueColumnAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$332ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$22,755FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$7,120ContriRptFundraisingEventAmt
Fundraising Direct Expenses$31,599FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$8,844TotalRevenueColumnAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$8,844ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$4,360TotalRevenueColumnAmt
Related Or Exempt Func Income$4,360RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$4,360OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,158,822TotalRevenueColumnAmt
Related Or Exempt Func Income$1,481,962RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$8,512ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$198,940TotalAmt
Program Services$99,470ProgramServicesAmt
Management And General$69,629ManagementAndGeneralAmt
Fundraising$29,841FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,903,547TotalAmt
Program Services$1,689,827ProgramServicesAmt
Management And General$153,166ManagementAndGeneralAmt
Fundraising$60,554FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$26,664TotalAmt
Program Services$13,332ProgramServicesAmt
Management And General$9,332ManagementAndGeneralAmt
Fundraising$4,000FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$124,960TotalAmt
Program Services$103,278ProgramServicesAmt
Management And General$15,177ManagementAndGeneralAmt
Fundraising$6,505FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$164,092TotalAmt
Program Services$140,906ProgramServicesAmt
Management And General$16,514ManagementAndGeneralAmt
Fundraising$6,672FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$24,645TotalAmt
Program Services$0ProgramServicesAmt
Management And General$24,029ManagementAndGeneralAmt
Fundraising$616FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$75,861TotalAmt
Program Services$51,586ProgramServicesAmt
Management And General$18,964ManagementAndGeneralAmt
Fundraising$5,311FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$462,872TotalAmt
Program Services$457,086ProgramServicesAmt
Management And General$4,629ManagementAndGeneralAmt
Fundraising$1,157FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$5,724TotalAmt
Program Services$5,724ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$45,611TotalAmt
Program Services$45,041ProgramServicesAmt
Management And General$456ManagementAndGeneralAmt
Fundraising$114FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$21,030TotalAmt
Program Services$20,767ProgramServicesAmt
Management And General$210ManagementAndGeneralAmt
Fundraising$53FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
INSTRUCTIONAL MATERIALS$217,273$217,273$0$0
REPAIRS AND MAINTENANCE$106,838$105,503$1,068$267
FUNDRAISING EXPENSE$34,185$0$0$34,185
COPIER LEASE$16,565$14,246$1,905$414

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$35,005TotalAmt
Program Services$9,879ProgramServicesAmt
Management And General$25,126ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,463,812TotalAmt
Program Services$2,973,918ProgramServicesAmt
Management And General$340,205ManagementAndGeneralAmt
Fundraising$149,689FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$261,865BOYAmt
EOY$109,037EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$35,000BOYAmt
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$8,045BOYAmt
EOY$4,813EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,600BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$467,262LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$154,301LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$336,530BOYAmt
EOY$312,961EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$9,900BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,076,201BOYAmt
EOY$1,726,111EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,729,141BOYAmt
EOY$2,152,922EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$257,636BOYAmt
EOY$345,776EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$64,966BOYAmt
EOY$53,652EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,016,324BOYAmt
EOY$1,668,269EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,338,926BOYAmt
EOY$2,067,697EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$270,270BOYAmt
EOY$35,714EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$119,945BOYAmt
EOY$49,511EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$390,215BOYAmt
EOY$85,225EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,729,141BOYAmt
EOY$2,152,922EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$304,990ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd
Other Support Sum$0OtherSupportSumAmt
Public Support CY1700PublicSupportCY170Pct
Public Support Total509$0PublicSupportTotal509Amt
Public Support CY5090PublicSupportCY509Pct
Investment Income CY0InvestmentIncomeCYPct

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Book Value$0BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$311,781OtherCostOrOtherBasisAmt
Depreciation$75,853DepreciationAmt
Book Value$235,928BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$16,377OtherCostOrOtherBasisAmt
Depreciation$15,463DepreciationAmt
Book Value$914BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$139,104OtherCostOrOtherBasisAmt
Depreciation$62,985DepreciationAmt
Book Value$76,119BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$312,961TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
SECURITY DEPOSIT - ELY STREET$78,400
EMPLOYEE ADVANCES$0
RIGHT-OF-USE ASSETS$1,647,711
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,726,111TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescOPERATING LEASEDesc
Amt$1,668,269Amt
FieldValueIRS element (for citing)
Total Liability$1,668,269TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$3,190,421TotalRevEtcAuditedFinclStmtAmt
Other Revenue$31,599OtherRevenueAmt
Revenue Not Reported$31,599RevenueNotReportedAmt
Revenue Subtotal$3,158,822RevenueSubtotalAmt
Total Revenue Per Form990$3,158,822TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,485,511TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$31,599OtherExpensesIncludedAmt
Expenses Not Reported$31,599ExpensesNotReportedAmt
Expenses Subtotal$3,453,912ExpensesSubtotalAmt
Other Expenses Not Included$9,900OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$9,900ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,463,812TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt X, Line 2THE SCHOOL IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NON-PROFIT ORGANIZATION UNDER SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE AS OTHER THAN A PRIVATE FOUNDATION. THEREFORE, CONTRIBUTIONS TO THE SCHOOL ARE TAX DEDUCTIBLE UNDER SECTION 170 OF THE INTERNAL REVENUE CODE. THE SCHOOL FOLLOWS THE GUIDANCE OF THE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WHICH CLARIFIES THE ACCOUNTING FOR THE RECOGNITION AND MEASUREMNT OF THE BENEFITS OF INDIVIDUAL TAX POSITIONS IN THE FINANCIAL STATEMENTS, INCLUDING THOSE OF NON-PROFIT ORGANIZATIONS. TAX POSITIONS MUST MEET A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT IN ORDER FOR THE BENEFIT OF THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THE SCHOOL ANALYZES TAX POSITIONS TAKEN, INCLUDING THOSE RELATED TO THE INCLUDING THOSE RELATED TO THE REQUIREMENTS SET FORTH IN THE IRC SEC. 501(c) TO QUALIFY AS A TAX EXEMPT ORGANIZATION, ACTIVITIES PERFORMED BY VOLUNTEERS AND BOARD MEMBERS, THE REPORTING OF UNRELATED BUSINESS INCOME, AND ITS STATUS AS A TAX-EXEMPT ORGANIZATION UNDER WASHINGTON, D.C. STATUTE. THE SCHOOL DOES NOT KNOW OF ANY TAX BENEFITS ARISING FROM UNCERTAIN TAX POSITIONS AND THERE WAS NO EFFECT ON THE SCHOOLS FINANCIAL POSITION OR CHANGES IN NET ASSETS AS A RESULT OF ANALYZING ITS TAX POSITIONS. IN GENERAL, THE SCHOOLS RETURNS REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND DISTRICT AUTHORITIES FOR THREE YEARS.
Pt XI, Line 2dFUNDRAISING EXPENSES NETTED WITH REVENUE $31,599.
Pt XII, Line 2dFUNDRAISING EXPENSES NETTED WITH REVENUE $31,599.
Pt XII, Line 4bIMPAIRMENT LOSS $9,900.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdfalseGovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceLine 3FormAndLineReferenceDesc
ExplanationTHE SCHOOLS NONDISCRIMINATION POLICY IS PUBLISHED ON ITS WEBSITE. www.cornerstone-schools.org/applyExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event125TH ANIVERSARY CELBRATIONEvent1Nm
Gross Receipts Event1$29,875GrossReceiptsEvent1Amt
Charitable Contri Event1$7,120CharitableContriEvent1Amt
Gross Revenue Event1$22,755GrossRevenueEvent1Amt
Rent Facility Costs Event1$550RentFacilityCostsEvent1Amt
Food And Beverage Event1$23,811FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$7,238OtherDirectExpensesEvent1Amt
Event2NONEEvent2Nm
Gross Receipts Total$29,875GrossReceiptsTotalAmt
Charitable Contributions Tot$7,120CharitableContributionsTotAmt
Gross Revenue Total Events$22,755GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$550RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$23,811FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$7,238OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$31,599DirectExpenseSummaryEventsAmt
Net Income Summary-$8,844NetIncomeSummaryAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonDEAN LUCKENBAUGHPersonNm
Base Compensation Filing Org$154,008BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$4,620DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$37,158NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$195,786TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution2ContributionCnt
Noncash Contributions Rpt F990$66,606NoncashContributionsRptF990Amt
Method Of Determining RevenuesPUBLISHED SHARE PRICEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedYes (true)ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePt I Line 32bFormAndLineReferenceDesc
ExplanationAN INVESTMENT BROKER IS USED TO SELL DONATED STOCK.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt VI, Line 8bTHE SCHOOL HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
Pt VI, Line 11bTHE FINANCE COMMITTEE REVIEWS THE FORM 990 AND THE FULL BOARD APPROVES IT BEFORE FILING.
Pt VI, Line 12cTHE ORGANIZATION REGULARLY REVIEWS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AT BOARD MEETINGS.
Pt VI, Line 15aTHE BOARD OF DIRECTORS REVIEWS COMPARABLE SALARY INFORMATION WHEN DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR.
Pt VI, Line 19THE ORGANIZATION MAKES GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
OtherPARTS I and III, LINE 1 - MISSION CONTINUED - OF FAITH, LOVE, AND LEARNING ESSENTIALS TO BECOMING WISE, COMPASSIONATE, AND VIRTUOUS LEADERS WHO SERVE OTHERS IN LIGHT OF CHRIST AND HIS TRUTH.

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