2022-06-15T13:13:45-07:00 2021-07-31 ANDERSON DAVIS & ASSOCIATES CPA PA 1406 B SOUTH CRAIN HWY STE 204 GLEN BURNIE MD 21061 990 2020-08-01 522084049 CORNERSTONE SCHOOLS OF WASHINGTON DC INC CORN 2025750027 3742 ELY PLACE SE WASHINGTON DC 20019 JEFF WOOD PRESIDENT 2025750027 2022-06-15 true JEFF WOOD XXX-XX-XXXX BENJAMIN M YUST CPA P00847883 4107662645 3 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z JEFF WOOD 3742 ELY PLACE SE WASHINGTON DC 20019 2669191 false X WWW.CORNERSTONE-SCHOOLS.ORG X 1997 DC THROUGH A PARTNERSHIP OF FAMILY, SCHOOL AND COMMUNITY, CORNERSTONE PROVIDES A CHRIST-CENTERED, NURTURING, AND ACADEMICALLY RIGOROUS EDUCATION TO THE CHILDREN OF WASHINGTON DC, EQUIPPING THEM WITH THE KNOWLEDGE, SKILLS AND 10 10 49 65 0 0 853711 1232523 1426385 1390672 5761 1001 0 2285857 2624196 0 0 1616529 1788412 0 122950 794144 894489 2410673 2682901 -124816 -58705 1097169 771794 413860 147190 683309 624604 THROUGH A PARTNERSHIP OF FAMILY, SCHOOL AND COMMUNITY, CORNERSTONE PROVIDES A CHRIST-CENTERED, NURTURING, AND ACADEMICALLY RIGOROUS EDUCATION TO THE CHILDREN OF WASHINGTON DC, EQUIPPING THEM WITH THE KNOWLEDGE, SKILLS AND false false 2313271 0 1390672 THE SCHOOL PROVIDES AN OPPORTUNITY FOR CHRISTIAN EDUCATION FOR LOW-INCOME CHILDREN. DURING THE CURRENT YEAR THE SCHOOL HAD 163 STUDENTS FROM THE METRO AREA. 2313271 true true false false false false false false false false true false false true false false true false true false false false false false false false false false false true false false false false false false true false true false false false false false false false false true 1 0 49 true false false false false false true true false false false false false false X 10 10 false false false false false false false true false false false true true true true true false false false false X X MARITZA WHITE 2025750027 3742 ELY PLACE SE WASHINGTON DC 20019 DERRICK MAX EXECUTIVE DIRECTOR 40.00 X 115881 0 36684 JEFF WOOD PRESIDENT 5.00 X X 0 0 0 RICKEY BOLDEN VICE PRESIDENT 5.00 X X 0 0 0 DAN SMITH TREASURER 5.00 X X 0 0 0 BRETT BLOOM SECRETARY 5.00 X X 0 0 0 ED FRANCESKI DIRECTOR 3.00 X 0 0 0 MICHELLE HODGE DIRECTOR 3.00 X 0 0 0 CHRYSTAL JONES DIRECTOR 3.00 X 0 0 0 STERLING MEHRING DIRECTOR 3.00 X 0 0 0 NANCY RUIZ DIRECTOR 3.00 X 0 0 0 ANNA WISHARD DIRECTOR 3.00 X 0 0 0 115881 0 36684 1 false true false 0 311385 921138 44995 1232523 TUITION 611110 1390672 0 0 1390672 641 0 641 45355 44995 360 360 0 0 360 2624196 1390672 0 1001 237551 118775 83143 35633 1267692 1160045 77893 29754 30385 15192 10635 4558 124788 88520 20723 15545 127996 109911 12881 5204 20788 0 20268 520 56046 38111 14012 3923 466311 460482 4663 1166 22291 22012 223 56 21926 21652 219 55 INSTRUCTIONAL MATERIALS 153060 153060 0 0 REPAIRS AND MAINTENANCE 74012 73087 740 185 COLLEGE SCHOLARSHIPS 40000 40000 0 0 FUNDRAISING EXPENSE 26073 0 0 26073 13982 12424 1280 278 2682901 2313271 246680 122950 4077 4077 732139 355500 33842 22500 16094 15821 49090 0 353424 67828 173627 285596 9900 9900 78400 78400 1097169 771794 102475 147190 311385 0 413860 147190 X 633809 568607 49500 55997 683309 624604 1097169 771794 -58705 X false true X true false X 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 289740 19757 269983 35974 26684 9290 27710 21387 6323 285596 SECURITY DEPOSIT - ELY STREET 78400 78400 X 2624196 2624196 2624196 2682901 2682901 2682901 Pt X, Line 2 THE 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 SCHOOL'S FINANCIAL POSITION OR CHANGES IN NET ASSETS AS A RESULT OF ANALYZING ITS TAX POSITIONS. IN GENERAL, THE SCHOOL'S RETURNS REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND DISTRICT AUTHORITIES FOR THREE YEARS. true true true true true true true false false false false false false false false false false true Line 3 THE SCHOOL'S NONDISCRIMINATION POLICY IS PUBLISHED ON ITS WEBSITE. www.cornerstone-schools.org/apply false false false false false false false true false DERRICK MAX 115881 0 0 0 0 0 3476 0 33208 0 152565 0 0 0 Pt I Line 7 HEAD OF SCHOOL RECEIVED AN ACCREDITATION BONUS OF $9,779 DUE TO THE SCHOOL OBTAINING ACCREDITATION AS PART OF THE SEVERANCE PACKAGE. VIRGINIA MAX SPOUSE OF D. MAX, EXECUTIVE DIR. 84792 EMPLOYMENT AS DIR. OF EDUCATION false X 3 44995 false true true Pt I Line 32b AN INVESTMENT BROKER IS USED TO SELL DONATED STOCK. Pt VI, Line 8b THE SCHOOL HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Pt VI, Line 11b THE FINANCE COMMITTEE REVIEWS THE FORM 990 AND THE FULL BOARD APPROVES IT BEFORE FILING. Pt VI, Line 12c THE ORGANIZATION REGULARLY REVIEWS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AT BOARD MEETINGS. Pt VI, Line 19 THE ORGANIZATION MAKES GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.