2014-05-15T09:48:09-05:00 2013-06-30 621174696 BRUNDIGE PAYNE AND COMPANY PC 700 COLONIAL ROAD SUITE 220 MEMPHIS TN 381175156 990 2012-07-01 271534435 CORNERSTONE PREPARATORY SCHOOL INC CORN 9014163640 320 CARPENTER STREET MEMPHIS TN 38112 DREW SIPPEL 9014163640 2014-05-14 1 RICHARD L WEBB CPA P00362093 9016834234 2012 2015-11-30 17:44:51Z X X DREW SIPPEL 320 CARPENTER STREET MEMPHIS TN 38112 5211784 0 X CORNERSTONEPREPMEMPHIS.ORG X 2009 TN CORNERSTONE PREP EQUIPS STUDENTS WITH WISDOM AND KNOWLEDGE NECESSARY TO SUCCEED IN COLLEGE X 6 6 0 50 0 0 2187868 5194655 23495 350 16241 16779 0 0 2227604 5211784 180000 0 0 0 438608 2345251 0 0 14530 217445 735840 836053 3081091 1391551 2130693 2888994 0 1900 0 2887094 0 CORNERSTONE PREP EQUIPS STUDENTS WITH THE WISDOM AND KNOWLEDGE NECESSARY TO SUCCEED IN COLLEGE 0 0 3009911 5211784 COLLEGE PREPARATORY SCHOOL PROVIDING STUDENTS WITH A CHALLENGING AND HIGH QUALITY EDUCATION. 3009911 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 10 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X THE ORGANIZATION 9014163640 320 CARPENTER STREET MEMPHIS TN 38112 JAY HARVILL 1.00 X 0 0 0 TOM MARINO 1.00 X 0 0 0 PAUL EDWARDS 1.00 X 0 0 0 LAURA WHITSITT 1.00 X 0 0 0 DEBBIE ISOM 1.00 X 0 0 0 PAUL MAKRIS 1.00 X 0 0 0 DREW SIPPEL 50.00 X 127194 0 0 127194 0 0 1 0 0 0 0 3746156 1448499 5194655 OTHER 611710 350 0 350 350 16779 16779 5211784 0 0 17129 127194 89224 23440 14530 1933485 1909725 23760 132860 132860 151712 151712 1000 1000 12500 12500 21685 21685 10667 10667 48501 48501 44842 42642 2200 6000 5700 300 2627 2497 130 EQUIPMENT/BOOKS 213563 213563 CONTRACT LABOR 109055 109055 MISCELLANEOUS 100542 100542 SUPPLIES 77980 77980 86878 80058 6820 3081091 3009911 56650 14530 973491 0 1891767 0 0 0 0 0 0 0 9013 0 0 0 14723 0 0 0 0 0 0 2888994 0 1900 0 1900 0 X 2887094 0 0 0 2887094 0 2888994 0 X 2130693 -5017787 X 0 0 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 9490 7909 1581 14233 7091 7142 8723 5211784 0 5211784 0 5211784 3081091 0 3081091 0 3081091 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 ALL MATERIALS RELATED TO SOLICITATION FOR STUDENTS, INCLUDING REGISTRATION MATERIALS, CLEARLY DESCRIBES THE SCHOOL'S NON-DISCRIMINATION POLICIES IN AN ATTEMPT TO INFORM THE ENTIRE COMMUNITY OF ITS NON-DISCRIMINATORY POLICIES. CASH AND SECURITIES 2013-06-30 4924831 FACE AND FAIR MARKET VALUE 454885204 CAPSTONE EDUCATION GROUP INC 320 CARPENTER STREET MEMPHIS TN 38112 501(C)(3) GRANTS AND ACCOUNTS RECEIVABLE 2013-06-30 84234 NET REALIZABLE VAULE 454885204 CAPSTONE EDUCATION GROUP INC 320 CARPENTER STREET MEMPHIS TN 38112 501(C)(3) FIXED ASSETS 2013-06-30 8723 BOOK VALUE CONSIDERED TO APPROXIMATE FAIR VALUE 454885204 CAPSTONE EDUCATION GROUP INC 320 CARPENTER STREET MEMPHIS TN 38112 501(C)(3) 1 1 0 0 1 1 1 1 0 PART I, LINE 2E: DREW SIPPEL JAY HARVILLTOM MARINOPAUL EDWARDS PART I, LINE 2E: DREW SIPPEL WAS EXECUTIVE DIRECTOR OF CORNERSTONE PREPARATORY SCHOOL, INC. AND WILL ASSUME SAME POSITION WITH CAPSTONE EDUCATION GROUP, INC.JAY HARVILL WAS CHAIRMAN OF CORNERSTONE PREPARATORY SCHOOL, INC. AND WILL ASSUME SAME POSITION WITH CAPSTONE EDUCATION GROUP, INC.TOM MARINO WAS VICE-CHAIR OF CORNERSTONE PREPARATORY SCHOOL, INC. AND WILL ASSUME SAME POSITION WITH CAPSTONE EDUCATION GROUP, INC.PAUL EDWARDS WAS SECRETARY OF CORNERSTONE PREPARATORY SCHOOL, INC. AND WILL ASSUME SAME POSITION WITH CAPSTONE EDUCATION GROUP, INC. FORM 990, PART VI, SECTION B, LINE 11 THE PREPARER PROVIDED A COPY OF THE FINAL VERSION OF FORM 990 TO THE BOARD OF DIRECTORS BEFORE IT WAS FILED. ADDITIONALLY, THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE RETURN BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST STATEMENTS TO IDENTIFY POTENTIAL CONFLICTS WITH VENDORS, EMPLOYEES, CLIENTS, AND OTHER POTENTIAL CONFLICTS ARE COMPLETED BY ALL BOARD MEMBERS. PERIODIC REVIEWS ARE ALSO CONDUCTED AND WHEN CONFLICTS ARISE, A RESOLUTION IS DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ALL EMPLOYEES OF CORNERSTONE PREPARATORY SCHOOL ARE DETERMINED BASED ON MARKET RATES, EDUCATION LEVEL AND EXPERIENCE AND COMPENSATION LEVELS ARE CONSISTENT WITH COMPARABLE DATA FROM SCHOOL SYSTEMS IN THE AREA WITH BOARD APPROVAL OF ALL EMPLOYEE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 CORNERSTONE PREPARATORY SCHOOL HAS AVAILABLE FOR PUBLIC INSPECTION ALL REQUIRED DOCUMENTS IN A SEPARATE BINDER MARKED "OPEN FOR PUBLIC INSPECTION" AND WILL PROVIDE THE INFORMATION FOR REVIEW BY ANYONE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS TO CAPSTONE EDUCATION GROUP, INC. (SEE SCHEDULE N) -5,017,787.