Overview
What is Cornerstone Academy?
Cornerstone Academy, a nonprofit organization based in Arlington, Texas, operates under the name Cornerstone Academy Inc. With a focus on Christian education, the academy is committed to providing rigorous academic teaching, aiming to instill lifelong learning skills. Recently, they have accomplished significant milestones, such as boosting staff wages, renovating their building, investing in marketing through signage, purchasing new playground equipment, and offering financial assistance to parents for tuition. Their total employee count is 16.
Official website here: www.cornerstoneacademytx.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 37%, Zero-Star out of Four Star rating.
Cornerstone Academy has received a low score of 37% from Charity Navigator, indicating significant concerns regarding its accountability and financial management. Despite having an entirely independent board and policies related to conflict of interest and document retention in place, the organization has not provided necessary financial statements, which severely impacts its transparency score.
The lack of financial disclosure is notable, with critical metrics such as liabilities to assets ratio and program expense ratio scoring poorly. This raises questions about the organization's financial health and operational efficiency. Additionally, the absence of a whistleblower policy and the failure to post tax forms on its website further detracts from its credibility and accountability.
While Cornerstone Academy does have strengths in terms of governance structure, the overarching issues with financial transparency, program expenditure, and missing documentation could hinder its ability to effectively serve its mission in the community. Prospective donors and stakeholders may want to consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Academy legitimate?
Cornerstone Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $201,025
Professional Fundraising Fees: $0
Other Salaries and Wages: $418,292
For more financial information, click here
Official website here: www.cornerstoneacademytx.org
What is the mission statement of Cornerstone Academy?
Cornerstone Academy, being a Christian school, aims to provide rigorous academic teaching as a means to foster lifelong skills for continued learning. The mission of Cornerstone Academy Inc. is to develop well-rounded individuals through its educational program, which is part of the Cornerstone Academy Inc. The institution's activities have led to achievements such as increased staff wages, building renovations, improved marketing, the purchase of new playground equipment, and financial assistance for parents with tuition fees.
Official website here: www.cornerstoneacademytx.org
Who is the CEO of Cornerstone Academy?
Hester Hetley is the Board President of Cornerstone Academy.
Official website here: www.cornerstoneacademytx.org
What is the revenue of Cornerstone Academy?
Cornerstone Academy's revenue in 2023 was $1,421,329.
Official website here: www.cornerstoneacademytx.org
Who are the executives of Cornerstone Academy and what are their salaries?
The average compensation at Cornerstone Academy during 2023 was $38,707. There are 16 employees and 8 volunteers at Cornerstone Academy.
Here are 8 key members and their salaries:
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- Compensation: $150,512
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Official website here: www.cornerstoneacademytx.org
Where can I find the form 990 for Cornerstone Academy?
Cornerstone Academy's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cornerstoneacademytx.org
Learn more at the official website: www.cornerstoneacademytx.org
Mission Statement of Cornerstone Academy
Cornerstone Academy, a Christian school, is committed to providing rigorous academic teaching as a means to foster skills for a lifetime of continued learning. The institution, which is part of Cornerstone Academy Inc., aims to equip its students with essential skills through its rigorous academic program. By doing so, Cornerstone Academy intends to prepare its students for a lifetime of learning, ensuring they are well-equipped to navigate various challenges and opportunities that come their way.
The mission of Cornerstone Academy is deeply rooted in its Christian beliefs, and it strives to instill these values in its students. By providing a rigorous academic curriculum, the school aims to develop well-rounded individuals who can apply their skills in various contexts. The ultimate goal is to help students cultivate a love for learning, enabling them to continue their educational journey beyond the confines of Cornerstone Academy.
The programs and services offered by Cornerstone Academy have shown significant achievements, including an increase in staff wages, building renovations, signage for marketing, the purchase of new playground equipment, and providing financial assistance to parents for tuition. These accomplishments reflect the school's commitment to providing a high-quality education while also addressing the needs of its students and their families. By investing in its staff, facilities, and resources, Cornerstone Academy demonstrates its dedication to its mission of fostering lifelong learners.
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Impact
October, 2024
Cornerstone Academy has made a significant impact in the Arlington community by providing rigorous academic instruction embedded within a Christian framework. The school focuses on developing lifelong learning skills, which helps students excel academically and personally.
Recent accomplishments reflect Cornerstone's commitment to enhancing its educational environment. Notable initiatives include increasing staff wages to attract and retain qualified educators, executing building renovations to create a more conducive learning space, and improving visibility through marketing signage. Additionally, the acquisition of new playground equipment demonstrates a commitment to holistic student development.
By providing financial assistance to parents for tuition, Cornerstone Academy ensures that quality education is accessible to a broader range of families, thereby fostering an inclusive community dedicated to educational excellence. Through these efforts, Cornerstone Academy not only enriches the lives of its students but also strengthens the fabric of the Arlington community, preparing future leaders with the skills they need for a lifetime of success.
This information is meant to be a general summary of Cornerstone Academy. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $7,779
- Program Service Revenue: $733,299
- Gross Receipts: $1,421,329
Assets and Liabilities:
- Total Assets: $774,747
- Total Liabilities: $33,009
- Net Assets: $741,738
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
IN KIND DONATIONS
Revenue
$400,152
MISCELLANEOUS INCOME
Revenue
$250
TUITION
Revenue
$332,862
RETURN ITEM
Revenue
$35
Organization Details
Founding Year
2007
Phone
(817) 375-2235Principal Officer
Hester Hetley
Main Address
5415 MATLOCK RD, ARLINGTON, TX, 76018
Website
www.cornerstoneacademytx.orgNTEE Category
Code: B21 - Education
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