CORNERSTONE PREPARATORY SCHOOL INC
Cite this
Plain text CORNERSTONE PREPARATORY SCHOOL INC. furp.org, nonprofit organization profile, tax years 2010–2012. https://furp.org/org/cornerstone-preparatory-school-inc-271534435. Retrieved 2026-11-01.
APA furp.org. (n.d.). CORNERSTONE PREPARATORY SCHOOL INC [Nonprofit organization profile; tax years 2010–2012]. Retrieved November 1, 2026, from https://furp.org/org/cornerstone-preparatory-school-inc-271534435
MLA “CORNERSTONE PREPARATORY SCHOOL INC.” furp.org, tax years 2010–2012, https://furp.org/org/cornerstone-preparatory-school-inc-271534435. Accessed 1 Nov. 2026.
Retrieved 2026-11-01; covers tax years 2010–2012. Data: furp.org, CC BY 4.0.
2012 · Form 990 · revenue $5.2M · expenses $3.1M · assets $0
- EIN
- 27-1534435
- Address
- 320 CARPENTER STREET, MEMPHIS, TN 38112
- Website
- CORNERSTONEPREPMEMPHIS.ORG
- NTEE code
- -
- Exempt type
- -
- Ruling date
- -
- Cross-check
- ProPublica Nonprofit Explorer
Mission
CORNERSTONE PREP EQUIPS STUDENTS WITH THE WISDOM AND KNOWLEDGE NECESSARY TO SUCCEED IN COLLEGE
Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).
People paid by the organization
1 person paid across every filing: current people first, then by total pay from this organization. Organizations counts every nonprofit each person appears on.
| Name | Latest title | Years | Latest year pay | Total pay from here | Organizations |
|---|---|---|---|---|---|
| Drew Sippel | EXECUTIVE DIRECTOR | 2010-2012 | $127,194 | $410,747 | 1 |
Officers and directors, no compensation reported
8 people listed on the returns with $0 (or no amount) in every compensation column: current people first. Hours are as filed on the latest return each person appears on.
| Name | Latest title | Years | Hrs/wk (latest) | Compensation | Organizations |
|---|---|---|---|---|---|
| Jay Harvill | PRESIDENT/CHAIRMAN | 2010-2012 | 1 | $0 reported | 1 |
| Tom Marino | VICE CHAIRMAN | 2010-2012 | 1 | $0 reported | 1 |
| Paul Edwards | SECRETARY | 2011-2012 | 1 | $0 reported | 1 |
| Laura Whitsitt | TREASURER | 2010-2012 | 1 | $0 reported | 1 |
| Debbie Isom | DIRECTOR | 2010-2012 | 1 | $0 reported | 1 |
| Paul Makris | DIRECTOR | 2012 | 1 | $0 reported | 1 |
| Julie Ferrell (former) | SECRETARY | 2010 | 1 | $0 reported | 1 |
| Steve Jackson (former) | DIRECTOR | 2010 | 1 | $0 reported | 1 |
People by year
2012 · 7 people listed · 1 paid, $127K · 0 employees · 50 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| DREW SIPPEL | EXECUTIVE DIRECTOR | 50 | $127,194 | $0 | $0 | $127,194 | 1 |
| JAY HARVILL | PRESIDENT/CHAIRMAN | 1 | $0 | $0 | $0 | $0 | 1 |
| TOM MARINO | VICE CHAIRMAN | 1 | $0 | $0 | $0 | $0 | 1 |
| PAUL EDWARDS | SECRETARY | 1 | $0 | $0 | $0 | $0 | 1 |
| LAURA WHITSITT | TREASURER | 1 | $0 | $0 | $0 | $0 | 1 |
| DEBBIE ISOM | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 1 |
| PAUL MAKRIS | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 1 |
2011 · 6 people listed · 1 paid, $137K · 9 employees · 50 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| DREW SIPPEL | EXECUTIVE DIRECTOR | 50 | $137,404 | $0 | $0 | $137,404 | 1 |
| JAY HARVILL | PRESIDENT/CHAIRMAN | 1 | $0 | $0 | $0 | $0 | 1 |
| TOM MARINO | VICE CHAIRMAN | 1 | $0 | $0 | $0 | $0 | 1 |
| PAUL EDWARDS | SECRETARY | 1 | $0 | $0 | $0 | $0 | 1 |
| LAURA WHITSITT | TREASURER | 1 | $0 | $0 | $0 | $0 | 1 |
| DEBBIE ISOM | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 1 |
2010 · 7 people listed · 1 paid, $146K · 3 employees · 5 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| DREW SIPPEL | EXECUTIVE DIRECTOR | 50 | $130,092 | $0 | $16,057 | $146,149 | 1 |
| JAY HARVILL | PRESIDENT/CHAIRMAN | 1 | $0 | $0 | $0 | $0 | 1 |
| TOM MARINO | VICE CHAIRMAN | 1 | $0 | $0 | $0 | $0 | 1 |
| JULIE FERRELL | SECRETARY | 1 | $0 | $0 | $0 | $0 | 1 |
| LAURA WHITSITT | TREASURER | 1 | $0 | $0 | $0 | $0 | 1 |
| STEVE JACKSON | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 1 |
| DEBBIE ISOM | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 1 |
Highest-paid independent contractors
No independent contractors reported.
Who the money went to
Grants this organization reported paying: Schedule I Part II of the Form 990, or the grants-paid list on the 990-PF. Open a year for every recipient. Recipients link to their own page when the grant names an EIN we have (990-PF grants list no EIN, so those link only on an exact, unique name and state). Grants to individuals are counted; their names are not shown.
2011 · 1 grant to organizations · $180K
Negative amounts are returned or refunded grants; they are listed last and left out of the totals of grants paid.
Who gave
Contributor names are not public for this form type.
Public charities filing Form 990 or 990-EZ report large donors on Schedule B, but the IRS withholds their names and addresses from public copies. Private foundations (990-PF) are different: their contributors are public.
Finances
Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.
| Revenue | Expenses | Assets | Net assets | Contributions | Program revenue | Officer pay | Employees | Volunteers |
|---|---|---|---|---|---|---|---|---|
| 2012 · Form 990 | ||||||||
| $5,211,784 | $3,081,091 | $0 | $0 | $5,194,655 | $350 | $127,194 | 0 | 50 |
| 2011 · Form 990 | ||||||||
| $2,227,604 | $836,053 | $2,888,994 | $2,887,094 | $2,187,868 | $23,495 | $67,018 | 9 | 50 |
| 2010 · Form 990 | ||||||||
| $1,805,363 | $309,820 | $1,495,543 | $1,495,543 | $1,778,638 | $16,925 | $130,092 | 3 | 5 |
Funders of this organization
3 grantors reported grants to this organization, $2,843,011 in all, tax years 2011 to 2019. Exact: the grantor wrote this organization's EIN. Fuzzy: the grantor wrote only a name (foundations' 990-PF has no EIN field), matched to the same or a near-identical name in the same state; the name as filed is shown. From the latest return for each grantor and year, so amended returns aren't counted twice. CSV
| Grantor | Type | Match | Years given | Grants | Total | Latest year | Latest year's amount | Grants |
|---|---|---|---|---|---|---|---|---|
| CHRISTIAN COMMUNITY FOUNDATION OF MEMPHIS AND THE MID-SOUTH INC | DAF sponsor | Exact | 2011-2016, 2018-2019 | 13 | $1,993,011 | 2019 | $7,000 | show |
| NEW SCHOOLS FOR NEW ORLEANS INC | Public charity | Exact | 2012-2013 | 2 | $800,000 | 2013 | $117,106 | show |
| COMMUNITY FOUNDATION OF GREATER MEMPHIS INC | DAF sponsor | Exact | 2015 | 1 | $50,000 | 2015 | $50,000 | show |
Nearby + Similar BETA
Organizations like this one: what they do and who they are linked to
Same category: NTEE code and revenue
Ranked without any AI: same NTEE code first, then the same NTEE group; then revenue within 2x, 5x or 10x; then the same state; then similar name and mission text. Same state only · More (60)
| Organization | State | NTEE | Latest revenue | Latest expenses | Top-paid title | Top pay | Why similar |
|---|---|---|---|---|---|---|---|
| CORNERSTONE ACADEMY PREPARATORY SCHOOL | CA | Not reported | $4,980,286 | $3,828,456 | EXECUTIVE DIRECTOR | $127,190 | Similar name, revenue within 2x |
| ICON PREPARATORY SCHOOL INC | FL | Not reported | $6,576,473 | $6,451,163 | PRESIDENT | $0 | Similar name, revenue within 2x |
| CORNERSTONE PREPARATORY ACADEMY | GA | B20 | $3,448,990 | $3,780,636 | BOARD CHAIRMAN | $0 | Similar name, revenue within 2x |
| THE CORNERSTONE SCHOOL INC | FL | Not reported | $5,487,796 | $4,677,108 | DIRECTOR OF SCHOOL | $231,520 | Similar name, revenue within 2x |
| RISE PREPARATORY CHARTER SCHOOL INC | GA | Not reported | $7,714,848 | $7,174,859 | BOARD CHAIR | $0 | Similar name, revenue within 2x |
| BREHM PREPARATORY SCHOOL INC | IL | Not reported | $4,469,874 | $4,549,344 | DIRECTOR OF FINANCE | $89,095 | Similar name, revenue within 2x |
| PATERSON PREPARATORY CHARTER SCHOOL INC | NJ | B29 | $9,688,438 | $8,783,651 | HEAD OF SCHOOL | $272,500 | Similar name, revenue within 2x |
| LUTZ PREPARATORY SCHOOL INC | FL | B29 | $10,171,178 | $8,655,398 | PRINCIPAL | $113,017 | Similar name, revenue within 2x |
| GRANDVIEW PREPARATORY SCHOOL INC | FL | A25 | $8,545,985 | $8,274,399 | HEAD OF SCHO | $214,875 | Similar name, revenue within 2x |
| HILLTOP PREPARATORY SCHOOL INC | PA | B28 | $5,643,221 | $5,563,524 | HEAD OF SCHOOL | $246,549 | Similar name, revenue within 2x |
| VERITAS PREPARATORY SCHOOL INC | SC | B99 | $3,016,189 | $2,714,453 | HEADMASTER | $144,000 | Similar name, revenue within 2x |
| HOCHBERG PREPARATORY SCHOOL INC | FL | B24 | $8,480,481 | $7,042,964 | HEAD OF THE SCHOOL | $190,000 | Similar name, revenue within 2x |
| LA FE PREPARATORY SCHOOL INC | TX | S40 | $3,208,875 | $2,952,935 | Chief Executive Officer | $244,588 | Similar name, revenue within 2x |
| NORTHRIDGE PREPARATORY SCHOOL INC | IL | Not reported | $8,061,537 | $8,501,396 | Director Int'l Program | $188,974 | Similar name, revenue within 2x |
| CORNERSTONE SCHOOL | NH | B24 | $2,890,588 | $2,697,681 | HEAD OF SCHOOL | $144,000 | Similar name, revenue within 2x |
| OXFORD PREPARATORY SCHOOL INC | NC | B29 | $9,758,649 | $9,917,910 | EXECUTIVE DIRECTOR | $125,257 | Similar name, revenue within 2x |
| WORCESTER PREPARATORY SCHOOL INC | MD | B24 | $9,396,151 | $8,732,491 | HEADMASTER | $175,000 | Similar name, revenue within 2x |
| INDIANA COLLEGE PREPARATORY SCHOOL INC | IN | Not reported | $2,358,450 | $3,059,033 | BOARD PRESIDENT | $0 | Similar name, revenue within 5x |
| GRANADA PREPARATORY SCHOOL INC | CA | B21 | $2,341,729 | $2,465,341 | HEAD OF SCHOOL | $103,507 | Similar name, revenue within 5x |
| HOPE PREPARATORY SCHOOL INC | NC | B99 | $1,335,878 | $1,351,789 | HEAD OF SCHO | $67,059 | Similar name, revenue within 5x |
| CORBETT PREPARATORY SCHOOL OF IDS INC | FL | B24 | $18,962,205 | $17,089,189 | HEAD OF SCL | $316,291 | Similar name, revenue within 5x |
| CORNERSTONE COMMUNITY SCHOOL INC | OH | B24 | $1,859,222 | $1,593,886 | President | $0 | Similar name, revenue within 5x |
| PRICHARD PREPARATORY SCHOOL INC | AL | B24 | $1,205,762 | $1,184,260 | CHAIRMAN | $0 | Similar name, revenue within 5x |
| CORNERSTONE SCHOOL OF SUMMIT INC | NJ | B21 | $1,245,931 | $1,115,240 | CHAIR | $0 | Similar name, revenue within 5x |
| DELTA PREPARATORY SCHOOLS INC | AR | B20 | $23,817,711 | $21,262,534 | EXECUTIVE DIRECTOR | $159,890 | Similar name, revenue within 5x |
Who funds organizations like this
Grantors that funded the 60 most similar organizations. Ranked by total given to them. Foundations (990-PF) and donor-advised fund sponsors only. Same matching as Funders above (by EIN, or by name for foundations).
The full list · all similar organizations
Where the money went
Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.
2012 · Form 990 · $3,081,091 spent · pay $2,345,251 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Other salaries and wages | $1,933,485 | $1,909,725 | $23,760 | - | 62.8% | |
| Other (as described) | EQUIPMENT/BOOKS | $213,563 | $213,563 | - | - | 6.9% |
| Payroll taxes | $151,712 | $151,712 | - | - | 4.9% | |
| Other employee benefits | $132,860 | $132,860 | - | - | 4.3% | |
| Pay: officers, directors, trustees, key employees | $127,194 | $89,224 | $23,440 | $14,530 | 4.1% | |
| Other (as described) | CONTRACT LABOR | $109,055 | $109,055 | - | - | 3.5% |
| Other (as described) | MISCELLANEOUS | $100,542 | $100,542 | - | - | 3.3% |
| All other expenses | $86,878 | $80,058 | $6,820 | - | 2.8% | |
| Other (as described) | SUPPLIES | $77,980 | $77,980 | - | - | 2.5% |
| Office expenses | $48,501 | $48,501 | - | - | 1.6% | |
| Occupancy | $44,842 | $42,642 | $2,200 | - | 1.5% | |
| Fees: other services | $21,685 | $21,685 | - | - | 0.7% | |
| Fees: accounting | $12,500 | $12,500 | - | - | 0.4% | |
| Advertising and promotion | $10,667 | $10,667 | - | - | 0.3% | |
| Depreciation and depletion | $6,000 | $5,700 | $300 | - | 0.2% | |
| Insurance | $2,627 | $2,497 | $130 | - | 0.1% | |
| Fees: legal | $1,000 | $1,000 | - | - | 0.0% | |
| Total | $3,081,091 | 100% |
2011 · Form 990 · $836,053 spent · pay $438,608 · grants $180,000 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Other salaries and wages | $323,590 | $294,798 | $28,792 | - | 38.7% | |
| Grants to US organizations and governments | $180,000 | $180,000 | - | - | 21.5% | |
| Occupancy | $93,897 | $93,897 | - | - | 11.2% | |
| Pay: officers, directors, trustees, key employees | $67,018 | $53,614 | $13,404 | - | 8.0% | |
| Other (as described) | INSTRUCTIONAL MATERIALS | $48,175 | $48,175 | - | - | 5.8% |
| Payroll taxes | $25,176 | $22,792 | $2,384 | - | 3.0% | |
| Office expenses | $23,123 | $14,204 | $8,919 | - | 2.8% | |
| Other employee benefits | $22,824 | $18,766 | $4,058 | - | 2.7% | |
| Other (as described) | LICENCE & PERMITS | $10,403 | $10,403 | - | - | 1.2% |
| Other (as described) | MISCELLANEOUS | $7,578 | $3,779 | $3,799 | - | 0.9% |
| Travel | $6,770 | $6,770 | - | - | 0.8% | |
| Fees: investment management | $6,208 | - | $6,208 | - | 0.7% | |
| Depreciation and depletion | $6,000 | $6,000 | - | - | 0.7% | |
| Other (as described) | RECRUITMENT | $4,698 | $4,698 | - | - | 0.6% |
| Fees: accounting | $3,650 | - | $3,650 | - | 0.4% | |
| Insurance | $2,989 | - | $2,989 | - | 0.4% | |
| All other expenses | $2,291 | $970 | $1,321 | - | 0.3% | |
| Fees: legal | $1,200 | - | $1,200 | - | 0.1% | |
| Advertising and promotion | $463 | $463 | - | - | 0.1% | |
| Total | $836,053 | 100% |
2010 · Form 990 · $309,820 spent · pay $150,052 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Other salaries and wages | $140,402 | $140,402 | - | - | 45.3% | |
| Occupancy | $83,770 | $83,770 | - | - | 27.0% | |
| Office expenses | $39,941 | $37,432 | $2,509 | - | 12.9% | |
| Travel | $14,663 | $14,663 | - | - | 4.7% | |
| Payroll taxes | $7,907 | $7,907 | - | - | 2.6% | |
| Other (as described) | RECRUITMENT | $6,238 | $6,238 | - | - | 2.0% |
| Fees: investment management | $3,222 | - | $3,222 | - | 1.0% | |
| Depreciation and depletion | $3,000 | $3,000 | - | - | 1.0% | |
| Other (as described) | LICENCE & PERMITS | $2,642 | - | $2,642 | - | 0.9% |
| Insurance | $2,000 | - | $2,000 | - | 0.6% | |
| Other (as described) | MISCELLANEOUS | $1,915 | - | $1,915 | - | 0.6% |
| Other employee benefits | $1,743 | $1,743 | - | - | 0.6% | |
| Other (as described) | STUDENT AWARDS | $1,506 | $1,506 | - | - | 0.5% |
| Other (as described) | STUDENT ASSESMENT/TRAIN | $361 | $361 | - | - | 0.1% |
| Advertising and promotion | $304 | $304 | - | - | 0.1% | |
| All other expenses | $206 | $35 | $171 | - | 0.1% | |
| Total | $309,820 | 100% |
Donor-advised funds
Donors to individual donor-advised funds are not public. These filings show what the sponsor reports, not who gave.
As reported on Schedule D Part I (and the Form 990 Part IV question “did the organization maintain donor advised funds”). Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.
| Maintains DAFs | DAFs held | Contributions | Grants | Value at year end | Other funds held | Other contributions | Other grants | Other value at year end |
|---|---|---|---|---|---|---|---|---|
| 2012 · Form 990 | ||||||||
| No | 0 | $0 | - | - | - | - | - | - |
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