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THE CORNERSTONE CHRISTIAN ACADEMY: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
THE CORNERSTONE CHRISTIAN ACADEMY (EIN 23-2499985)
Tax period
2019-07-01 to 2020-06-30
Filed
2021-02-01
IRS object ID
202130329349301018
Schema version
2019v5.2
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)
Return2021-02-01T10:30:09-06:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN231144520PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1TAIT WELLER & BAKER LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1TWO LIBERTY PL 50 S 16TH ST STEAddressLine1Txt
Address Line22900AddressLine2Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP191022529ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN232499985EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CORNERSTONE CHRISTIAN ACADEMYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCORNBusinessNameControlTxt
Phone6105394136PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11939 S 58TH STREETAddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19143ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSTACY NIEMKIEWICZPersonNm
Person TitleFINANCE DIRECTOR/TREASURERPersonTitleTxt
Phone6105394136PhoneNum
Signature2021-02-01SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTACY CULLENPreparerPersonNm
PTINP00974308PTIN
Phone2159798800PhoneNum
Preparation2021-02-01PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSTACY NIEMKIEWICZPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11939 S 58TH STREETAddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19143ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,676,986GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.CORNERSTONEPHILADELHIA.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1987FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionTO EDUCATE CHILDREN INCLUDING THOSE FROM AT-RISK NEIGHBORHOODS, IN AN ENVIRONMENT THAT PROVIDES THE HIGHEST STANDARDS FOR ACADEMIC ACHIEVEMENT AND SPIRITUAL DEVELOPMENTActivityOrMissionDesc
Voting Members Governing Body20VotingMembersGoverningBodyCnt
Voting Members Independent20VotingMembersIndependentCnt
Total Employee56TotalEmployeeCnt
Total Volunteers150TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,987,209PYContributionsGrantsAmt
CY Contributions Grants$1,890,599CYContributionsGrantsAmt
PY Program Service Revenue$1,179,423PYProgramServiceRevenueAmt
CY Program Service Revenue$1,182,010CYProgramServiceRevenueAmt
PY Investment Income$53,523PYInvestmentIncomeAmt
CY Investment Income$63,699CYInvestmentIncomeAmt
PY Other Revenue$18,536PYOtherRevenueAmt
CY Other Revenue$25,651CYOtherRevenueAmt
PY Total Revenue$4,238,691PYTotalRevenueAmt
CY Total Revenue$3,161,959CYTotalRevenueAmt
PY Grants And Similar Paid$660,550PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$680,611CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,784,856PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,873,723CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$243,761CYTotalFundraisingExpenseAmt
PY Other Expenses$958,707PYOtherExpensesAmt
CY Other Expenses$933,115CYOtherExpensesAmt
PY Total Expenses$3,404,113PYTotalExpensesAmt
CY Total Expenses$3,487,449CYTotalExpensesAmt
PY Revenues Less Expenses$834,578PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$325,490CYRevenuesLessExpensesAmt
Total Assets BOY$2,952,873TotalAssetsBOYAmt
Total Assets EOY$2,911,799TotalAssetsEOYAmt
Total Liabilities BOY$176,625TotalLiabilitiesBOYAmt
Total Liabilities EOY$568,535TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,776,248NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,343,264NetAssetsOrFundBalancesEOYAmt
MissionTO EDUCATE CHILDREN INCLUDING THOSE FROM AT-RISK NEIGHBORHOODS, IN AN ENVIRONMENT THAT PROVIDES THE HIGHEST STANDARDS FOR ACADEMIC ACHIEVEMENT AND SPIRITUAL DEVELOPMENT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,500,162ExpenseAmt
Grant$680,611GrantAmt
Revenue$1,182,010RevenueAmt
DescTO EDUCATE CHILDREN INCLUDING THOSE FROM AT-RISK NEIGHBORHOODS, IN AN ENVIRONMENT THAT PROVIDES THE HIGHEST STANDARDS FOR ACADEMIC ACHIEVEMENT AND SPIRITUAL DEVELOPMENT. PROVIDED OVER $680,000 OF FINANCIAL AID TO EDUCATIONAL NEEDS OF INNER CITY CHILDREN FROM LOW INCOME FAMILIES AT THE BEGINNING OF THE SCHOOL YEAR 2019/20, 170 STUDENTS HAVE BEEN ENROLLED.Desc
Total Program Service Expenses$2,500,162TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee56EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members20GoverningBodyVotingMembersCnt
Independent Voting Member20IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1STACY NIEMKIEWICZBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2157246858PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11939 S 58TH STREETAddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19143ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
PETER W GRIM
BOARD MEMBER0.30Yes (X)$0$0$0
MARY CLAMPET
SECRETARY0.30Yes (X)$0$0$0Yes (X)
REV DR ANITA BELL
BOARD MEMBER0.30Yes (X)$0$0$0
RONALD BOND
BOARD MEMBER0.30Yes (X)$0$0$0
DONNELL SHEPPARD
BOARD MEMBER0.30Yes (X)$0$0$0
KENNETH C FRAZIER ESQ
BOARD MEMBER0.30Yes (X)$0$0$0
WAYNE GEISSER
CHAIRMAN0.30Yes (X)$0$0$0Yes (X)
JAMES W SUMMERS
BOARD MEMBER0.30Yes (X)$0$0$0
KEVIN BLACKNEY
BOARD MEMBER0.30Yes (X)$0$0$0
REBECCA CLAYTON ESQ
BOARD MEMBER0.30Yes (X)$0$0$0
CASEY DUNN
BOARD MEMBER0.30Yes (X)$0$0$0
WILLIAM P SIMON JR
BOARD MEMBER0.30Yes (X)$0$0$0
JAMES J DOLENTE SR
BOARD MEMBER0.30Yes (X)$0$0$0
CHARLES A OLSON III
BOARD MEMBER0.30Yes (X)$0$0$0
RICHARD D SCOTT
BOARD MEMBER0.30Yes (X)$0$0$0
WANDA ODOM
BOARD MEMBER0.30Yes (X)$0$0$0
GREGORY ESTERHAI
BOARD MEMBER0.30Yes (X)$0$0$0
DR KATHRYN LIMMER
BOARD MEMBER0.30Yes (X)$0$0$0
WARREN BAXTER ENGLISH
BOARD MEMBER0.30Yes (X)$0$0$0
CAROLINE DALRYMPLE
BOARD MEMBER0.30Yes (X)$0$0$0
DEBORAH LEE
PRINCIPAL40.00$68,657$0$0Yes (X)
RICHARD R OLLINGER
PRESIDENT/CEO40.00$91,880$0$0Yes (X)
STACY NIEMKIEWICZ
FINANCE DIRECTOR/TREASURER40.00$73,542$0$8,100Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$234,079TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$8,100TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$1,890,599AllOtherContributionsAmt
Noncash Contributions$34,272NoncashContributionsAmt
Total Contributions$1,890,599TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION & FEES900099$1,136,167$1,136,167
STUDENT TRIPS AND CAMP900099$45,843$45,843
FieldValueIRS element (for citing)
Total Program Service Revenue$1,182,010TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$59,067TotalRevenueColumnAmt
Exclusion$59,067ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$519,659SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$515,027SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$4,632SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,632TotalRevenueColumnAmt
Exclusion$4,632ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS INCOMEDesc
Business900099BusinessCd
Total Revenue Column$25,651TotalRevenueColumnAmt
Related Or Exempt Func Income$25,651RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$25,651OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,161,959TotalRevenueColumnAmt
Related Or Exempt Func Income$1,207,661RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$63,699ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$680,611TotalAmt
Program Services$680,611ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$238,937TotalAmt
Program Services$154,135ProgramServicesAmt
Management And General$68,044ManagementAndGeneralAmt
Fundraising$16,758FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,322,957TotalAmt
Program Services$853,422ProgramServicesAmt
Management And General$376,750ManagementAndGeneralAmt
Fundraising$92,785FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$8,183TotalAmt
Program Services$5,279ProgramServicesAmt
Management And General$2,330ManagementAndGeneralAmt
Fundraising$574FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$185,813TotalAmt
Program Services$116,249ProgramServicesAmt
Management And General$54,508ManagementAndGeneralAmt
Fundraising$15,056FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$117,833TotalAmt
Program Services$76,013ProgramServicesAmt
Management And General$33,556ManagementAndGeneralAmt
Fundraising$8,264FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$13,635TotalAmt
Management And General$13,635ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$19,585TotalAmt
Management And General$19,585ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$125,838TotalAmt
Program Services$87,181ProgramServicesAmt
Management And General$38,657ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$58,967TotalAmt
Program Services$29,484ProgramServicesAmt
Management And General$29,483ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$294,921TotalAmt
Program Services$274,921ProgramServicesAmt
Management And General$20,000ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$90,127TotalAmt
Program Services$45,063ProgramServicesAmt
Management And General$45,064ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$63,209TotalAmt
Program Services$31,605ProgramServicesAmt
Management And General$31,604ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtFundraisingFundraisingAmtProgram ServicesProgramServicesAmt
FUNDRAISING$110,324$110,324
CLASSROOM AND LEARNING$62,714$62,714
OTHER PROGRAM EXPENSES$39,965$39,965
STAFF DEVELOPMENT$25,802$25,802

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$28,028TotalAmt
Program Services$17,718ProgramServicesAmt
Management And General$10,310ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,487,449TotalAmt
Program Services$2,500,162ProgramServicesAmt
Management And General$743,526ManagementAndGeneralAmt
Fundraising$243,761FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$84,637BOYAmt
EOY$87,783EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$91,250BOYAmt
EOY$150,761EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$50,575EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$798BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$6,040BOYAmt
EOY$6,027EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,661,038LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$992,670LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$739,920BOYAmt
EOY$668,368EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,030,228BOYAmt
EOY$1,948,285EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,952,873BOYAmt
EOY$2,911,799EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$176,625BOYAmt
EOY$175,435EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$393,100EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$176,625BOYAmt
EOY$568,535EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,730,168BOYAmt
EOY$1,172,695EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,046,080BOYAmt
EOY$1,170,569EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,776,248BOYAmt
EOY$2,343,264EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,952,873BOYAmt
EOY$2,911,799EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$325,490ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$107,494NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

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

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$810,888BeginningYearBalanceAmt
Investment Earnings Or Losses-$2,850InvestmentEarningsOrLossesAmt
Administrative Expenses$30,000AdministrativeExpensesAmt
End Year Balance$778,038EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$797,109BeginningYearBalanceAmt
Investment Earnings Or Losses$43,779InvestmentEarningsOrLossesAmt
Administrative Expenses$30,000AdministrativeExpensesAmt
End Year Balance$810,888EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$777,904BeginningYearBalanceAmt
Investment Earnings Or Losses$49,205InvestmentEarningsOrLossesAmt
Administrative Expenses$30,000AdministrativeExpensesAmt
End Year Balance$797,109EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$490,565BeginningYearBalanceAmt
Contributions$236,233ContributionsAmt
Investment Earnings Or Losses$51,106InvestmentEarningsOrLossesAmt
End Year Balance$777,904EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$294,610BeginningYearBalanceAmt
Contributions$200,000ContributionsAmt
Investment Earnings Or Losses-$4,045InvestmentEarningsOrLossesAmt
End Year Balance$490,565EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.00000BoardDesignatedBalanceEOYPct
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$16,875OtherCostOrOtherBasisAmt
Book Value$16,875BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$574,121OtherCostOrOtherBasisAmt
Depreciation$341,783DepreciationAmt
Book Value$232,338BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$814,178OtherCostOrOtherBasisAmt
Depreciation$473,320DepreciationAmt
Book Value$340,858BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$255,864OtherCostOrOtherBasisAmt
Depreciation$177,567DepreciationAmt
Book Value$78,297BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$668,368TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescREFUNDABLE ADVANCEDesc
Amt$393,100Amt
FieldValueIRS element (for citing)
Total Liability$393,100TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,354,269TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$107,494NetUnrealizedGainsInvstAmt
Revenue Not Reported-$107,494RevenueNotReportedAmt
Revenue Subtotal$2,461,763RevenueSubtotalAmt
Investment Expenses Not Incld$19,585InvestmentExpensesNotIncldAmt
Other Revenues Not Included$680,611OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$700,196RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$3,161,959TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,787,253TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$2,787,253ExpensesSubtotalAmt
Investment Expenses Not Incld2$19,585InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$680,611OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$700,196ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,487,449TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:BENEFICIAL INTEREST IN ENDOWMENT FUND: THE INCOME AND/OR GAIN EARNED BY THE ENDOWMENT FUND IS CONSIDERED UNRESTRICTED REVENUE AND MAY BE DISTRIBUTED TO CCA AS GENERAL SUPPORT REVENUE FOR ITS PROGRAMS ON AT LEAST AN ANNUAL BASIS. THE FINANCE COMMITTEE OF THE BOARD SHALL RECOMMEND TO THE BOARD AN AMOUNT TO BE TRANSFERRED FROM THE UNRESTRICTED INCOME AND/OR GAIN OF THE ENDOWMENT FUND TO THE GENERAL OPERATING FUND. AT NO TIME SHALL THE PERMANENTLY-RESTRICTED ORIGINAL CONTRIBUTIONS TO THE ENDOWMENT FUND BE USED. AS A MATTER OF PRUDENCE, THE SPENDING RATE SHALL NOT EXCEED 4% OF THE FISCAL YEAR-END BALANCE OF THE FUND.
PART X, LINE 2:THE ACADEMY REGULARLY REVIEWS AND EVALUATES ITS TAX POSITIONS TAKEN IN PREVIOUSLY FILED INFORMATION RETURNS AND AS REFLECTED IN ITS FINANCIAL STATEMENTS, WITH REGARD TO ISSUES AFFECTING ITS TAX EXEMPT STATUS, UNRELATED BUSINESS INCOME, AND RELATED MATTERS. THE ACADEMY BELIEVES THAT IN THE EVENT OF AN EXAMINATION BY TAXING AUTHORITIES, THE ACADEMY'S POSITIONS WOULD PREVAIL BASED UPON THE TECHNICAL MERITS OF SUCH POSITIONS. THEREFORE, THE ACADEMY HAS CONCLUDED THAT NO TAX BENEFITS OR LIABLITIES ARE REQUIRED TO BE RECOGNIZED IN ACCORDANCE WITH THE ACCOUNTING INTERPRETATION. THE ACADEMY'S FEDERAL INFORMATION RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS, INCLUDING THE FISCAL YEARS ENDED JUNE 30, 2017, 2018, 2019, AS WELL AS THE RETURN TO BE FILED FOR THE FISCAL YEAR ENDED JUNE 30, 2020.
PART XI, LINE 4B - OTHER ADJUSTMENTS:RECLASSIFICATION OF SCHOLARSHIPS 680,611.
PART XII, LINE 4B - OTHER ADJUSTMENTS:RECLASSIFICATION OF SCHOLARSHIPS 680,611.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE E, PART I, LINE 3FormAndLineReferenceDesc
ExplanationTHE PURPOSE OF THE SCHOOL IS TO EDUCATE CHILDREN INCLUDING THOSE FROM AT-RISK NEIGHBORHOODS, IN AN ENVIRONMENT THAT PROVIDES THE HIGHEST STANDARDS FOR ACADEMIC ACHIEVEMENT AND SPIRITUAL DEVELOPMENT.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPSGrantTypeTxt
Recipient170RecipientCnt
Cash Grant$680,611CashGrantAmt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution3ContributionCnt
Noncash Contributions Rpt F990$20,892NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR VALUEMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescCHROMEBOOKSDesc
Contribution1ContributionCnt
Noncash Contributions Rpt F990$13,380NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR VALUEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 7BANY MAJOR DECISIONS BY MANAGEMENT MUST GET APPROVED BY THE BOARD.
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF THE COMPLETED FORM 990 AND RELATED SCHEDULES IS REVIEWED BY THE TREASURER. THE FINANCE COMMITTEE REVIEWS AND APPROVES THE FINAL COPY OF THE IRS FORM 990 AND RELATED SCHEDULES AND THE FINAL COPY IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY WITH EMPLOYEES AND BOARD MEMBERS. NEW BOARD MEMBERS ARE INFORMED OF THE POLICY WHEN THEY JOIN THE BOARD.
FORM 990, PART VI, SECTION B, LINE 15ACOMPENSATION IS REVIEWED ANNUALLY BY THE FULL BOARD OF TRUSTEES. THE BOARD USES COMPARABILITY DATA FROM THE "EVANGELICAL COUNCIL OF FINANCIAL ACCOUNTABILITY", THE ASSOCIATION OF CHRISTIAN SCHOOLS INTERNATIONAL (ACSI), AND THE PHILADELPHIA ASSOCIATION OF INDEPENDENT SCHOOL BUSINESS OFFICERS (PAISBOA).
FORM 990, PART VI, SECTION C, LINE 19UPON WRITTEN REQUEST. THEY MAY ALSO VIEW THE DOCUMENTS IN THE OFFICE OF MANAGEMENT.

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