2021-02-01T10:30:09-06:00 2020-06-30 231144520 TAIT WELLER & BAKER LLP TWO LIBERTY PL 50 S 16TH ST STE 2900 PHILADELPHIA PA 191022529 990 2019-07-01 232499985 CORNERSTONE CHRISTIAN ACADEMY CORN 6105394136 1939 S 58TH STREET PHILADELPHIA PA 19143 STACY NIEMKIEWICZ FINANCE DIRECTOR/TREASURER 6105394136 2021-02-01 1 STACY CULLEN P00974308 2159798800 2021-02-01 2019 2022-09-23 18:48:47Z STACY NIEMKIEWICZ 1939 S 58TH STREET PHILADELPHIA PA 19143 3676986 0 X WWW.CORNERSTONEPHILADELHIA.COM X 1987 PA TO EDUCATE CHILDREN INCLUDING THOSE FROM AT-RISK NEIGHBORHOODS, IN AN ENVIRONMENT THAT PROVIDES THE HIGHEST STANDARDS FOR ACADEMIC ACHIEVEMENT AND SPIRITUAL DEVELOPMENT 20 20 56 150 0 0 2987209 1890599 1179423 1182010 53523 63699 18536 25651 4238691 3161959 660550 680611 0 0 1784856 1873723 0 0 243761 958707 933115 3404113 3487449 834578 -325490 2952873 2911799 176625 568535 2776248 2343264 TO EDUCATE CHILDREN INCLUDING THOSE FROM AT-RISK NEIGHBORHOODS, IN AN ENVIRONMENT THAT PROVIDES THE HIGHEST STANDARDS FOR ACADEMIC ACHIEVEMENT AND SPIRITUAL DEVELOPMENT. 0 0 2500162 680611 1182010 TO 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. 2500162 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 56 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X STACY NIEMKIEWICZ 2157246858 1939 S 58TH STREET PHILADELPHIA PA 19143 PETER W GRIM BOARD MEMBER 0.30 X 0 0 0 MARY CLAMPET SECRETARY 0.30 X X 0 0 0 REV DR ANITA BELL BOARD MEMBER 0.30 X 0 0 0 RONALD BOND BOARD MEMBER 0.30 X 0 0 0 DONNELL SHEPPARD BOARD MEMBER 0.30 X 0 0 0 KENNETH C FRAZIER ESQ BOARD MEMBER 0.30 X 0 0 0 WAYNE GEISSER CHAIRMAN 0.30 X X 0 0 0 JAMES W SUMMERS BOARD MEMBER 0.30 X 0 0 0 KEVIN BLACKNEY BOARD MEMBER 0.30 X 0 0 0 REBECCA CLAYTON ESQ BOARD MEMBER 0.30 X 0 0 0 CASEY DUNN BOARD MEMBER 0.30 X 0 0 0 WILLIAM P SIMON JR BOARD MEMBER 0.30 X 0 0 0 JAMES J DOLENTE SR BOARD MEMBER 0.30 X 0 0 0 CHARLES A OLSON III BOARD MEMBER 0.30 X 0 0 0 RICHARD D SCOTT BOARD MEMBER 0.30 X 0 0 0 WANDA ODOM BOARD MEMBER 0.30 X 0 0 0 GREGORY ESTERHAI BOARD MEMBER 0.30 X 0 0 0 DR KATHRYN LIMMER BOARD MEMBER 0.30 X 0 0 0 WARREN BAXTER ENGLISH BOARD MEMBER 0.30 X 0 0 0 CAROLINE DALRYMPLE BOARD MEMBER 0.30 X 0 0 0 DEBORAH LEE PRINCIPAL 40.00 X 68657 0 0 RICHARD R OLLINGER PRESIDENT/CEO 40.00 X 91880 0 0 STACY NIEMKIEWICZ FINANCE DIRECTOR/TREASURER 40.00 X 73542 0 8100 234079 0 8100 0 0 0 0 0 1890599 34272 1890599 TUITION & FEES 900099 1136167 1136167 STUDENT TRIPS AND CAMP 900099 45843 45843 1182010 59067 59067 519659 515027 4632 4632 4632 MISCELLANEOUS INCOME 900099 25651 25651 25651 3161959 1207661 0 63699 680611 680611 238937 154135 68044 16758 1322957 853422 376750 92785 8183 5279 2330 574 185813 116249 54508 15056 117833 76013 33556 8264 13635 13635 19585 19585 125838 87181 38657 58967 29484 29483 294921 274921 20000 90127 45063 45064 63209 31605 31604 FUNDRAISING 110324 110324 CLASSROOM AND LEARNING 62714 62714 OTHER PROGRAM EXPENSES 39965 39965 STAFF DEVELOPMENT 25802 25802 28028 17718 10310 3487449 2500162 743526 243761 84637 87783 91250 150761 0 50575 798 0 6040 6027 1661038 992670 739920 668368 2030228 1948285 2952873 2911799 176625 175435 0 393100 176625 568535 X 1730168 1172695 1046080 1170569 2776248 2343264 2952873 2911799 -325490 -107494 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 810888 -2850 30000 778038 797109 43779 30000 810888 777904 49205 30000 797109 490565 236233 51106 777904 294610 200000 -4045 490565 1.00000 1 0 16875 16875 574121 341783 232338 814178 473320 340858 255864 177567 78297 668368 REFUNDABLE ADVANCE 393100 393100 X 2354269 -107494 -107494 2461763 19585 680611 700196 3161959 2787253 0 2787253 19585 680611 700196 3487449 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE 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. 1 SCHOLARSHIPS 170 680611 X 3 20892 FAIR VALUE X CHROMEBOOKS 1 13380 FAIR VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 7B ANY MAJOR DECISIONS BY MANAGEMENT MUST GET APPROVED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B A 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 12C THE 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 15A COMPENSATION 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 19 UPON WRITTEN REQUEST. THEY MAY ALSO VIEW THE DOCUMENTS IN THE OFFICE OF MANAGEMENT.