Overview
What is Cornerstone Charter Academy Inc?
Cornerstone Charter Academy Inc, located at 6340 Sunset Drive, Miami, Florida 33143, is a dedicated nonprofit institution that offers education for students from kindergarten to twelfth grade, as stated in the fiscal year ended June 30, 2022. Their mission is to provide a college preparatory educational environment emphasizing biotechnology and life sciences, instilling respect and high expectations for all students, empowering them to become confident, self-directed, and responsible lifelong learners. With a team of 199 employees, Cornerstone Charter Academy fosters an atmosphere of learning and growth, ensuring its students are well-equipped for their future academic and personal endeavors.
Official website here: www.cornerstonecharter.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Stars)
Cornerstone Charter Academy Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in the areas of accountability and finance. The organization demonstrates strong governance practices, with 100% of its board members being independent, and has a solid score in financial oversight. However, the lack of essential policies such as a conflict of interest policy, whistleblower policy, and document retention procedures has impacted its overall rating.
The nonprofit shows commendable financial performance, with a high program expense ratio of 88.51%, which suggests that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, there are no reported material diversions of assets, which is a positive indicator of financial integrity. Nevertheless, the organization's liabilities to assets ratio is notably high at 81.27%, raising concerns about its financial stability.
While Cornerstone Charter Academy Inc has strengths in governance and program delivery, the absence of key policies and a concerning liabilities ratio suggest that there is room for improvement in its financial practices and transparency. Addressing these limitations could enhance its accountability and potentially lead to a higher rating in the future.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Cornerstone Charter Academy Inc?
94% of 21 reviewers on Facebook recommend Cornerstone Charter Academy Inc. Here's a summary of their comments:
Many parents appreciate the strong sense of community and the positive experiences their children have had at the school. A notable highlight is the biomedical program, which several families praised for its engaging curriculum that helps students make lasting friendships while learning valuable skills.
The school seems to leave a lasting impression as families express bittersweet feelings about their children graduating. Overall, the sentiment indicates satisfaction with the educational environment and the opportunities provided to students at Cornerstone Charter Academy.
This AI summary has been generated from reviews found on Facebook.
Is Cornerstone Charter Academy Inc legitimate?
Cornerstone Charter Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Charter Academy Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,339,778
For more financial information, click here
Official website here: www.cornerstonecharter.com
What is the mission statement of Cornerstone Charter Academy Inc?
Cornerstone Charter Academy Inc is dedicated to providing a college preparatory educational environment with a strong focus on biotechnology and life sciences. This educational setting fosters respect and high expectations for all students, enabling them to develop into confident, self-directed, and responsible individuals. Through this curriculum, students are encouraged to become life-long learners, preparing them for future academic and professional endeavors. Cornerstone Charter Academy Inc aims to instill a love for learning and a strong work ethic, empowering students to reach their full potential and contribute positively to their communities.
Official website here: www.cornerstonecharter.com
Who is the CEO of Cornerstone Charter Academy Inc?
William G Brooks is the Director, Board Chair of Cornerstone Charter Academy Inc.
Official website here: www.cornerstonecharter.com
What is the revenue of Cornerstone Charter Academy Inc?
Cornerstone Charter Academy Inc's revenue in 2022 was $15,088,339.
Official website here: www.cornerstonecharter.com
Who are the executives of Cornerstone Charter Academy Inc and what are their salaries?
The average compensation at Cornerstone Charter Academy Inc during 2022 was $36,883. There are 199 employees and 1647 volunteers at Cornerstone Charter Academy Inc.
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- Compensation: $154,463
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Official website here: www.cornerstonecharter.com
Where can I find the form 990 for Cornerstone Charter Academy Inc?
Cornerstone Charter Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cornerstonecharter.com
Learn more at the official website: www.cornerstonecharter.com
Mission Statement of Cornerstone Charter Academy Inc
Cornerstone Charter Academy Inc is a nonprofit organization committed to delivering a college preparatory educational experience with a distinct focus on biotechnology and life sciences. The institute's philosophy emphasizes respect and high expectations for all students, fostering their growth into self-directed, responsible, and lifelong learners.
Through its innovative curriculum, Cornerstone Charter Academy Inc seeks to challenge and inspire students, enabling them to reach their full potential. By incorporating the latest advancements in biotechnology and life sciences, the academy aims to provide a cutting-edge learning environment that prepares students for the future. The institute's nurturing atmosphere instills confidence and a love for learning in each student, empowering them to take charge of their academic journey.
Cornerstone Charter Academy Inc does more than just teach academic concepts; it helps shape well-rounded individuals. The organization's mission extends beyond the classroom, fostering a culture of respect and high expectations that extends to every aspect of student life. By fostering a strong sense of self-direction and responsibility, the academy prepares students to become active participants in their own learning and in their communities. Ultimately, Cornerstone Charter Academy Inc seeks to create confident, self-assured individuals who are well-equipped to navigate the complexities of the modern world.
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Impact
October, 2024
Cornerstone Charter Academy Inc significantly influences the educational landscape by offering a college preparatory environment that focuses on biotechnology and life sciences. This emphasis not only cultivates a deep understanding of these critical fields but also instills a philosophy of respect and high expectations among students.
By fostering an atmosphere that encourages confidence, self-direction, and responsibility, the academy enables students to thrive as lifelong learners. With a curriculum designed for children from kindergarten through twelfth grade, Cornerstone Charter Academy Inc prepares its students not just academically, but also as engaged and capable individuals ready to contribute to society. The emphasis on biotechnology and life sciences prepares students for future careers in high-demand sectors, aligning education with emerging global opportunities.
This information is meant to be a general summary of Cornerstone Charter Academy Inc. 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 2022.
- Investment Income: $4,292
- Program Service Revenue: $13,397,672
- Gross Receipts: $15,088,339
Assets and Liabilities:
- Total Assets: $25,399,169
- Total Liabilities: $15,616,911
- Net Assets: $9,782,258
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOVERNMENT GRANTS
Revenue
$13,106,046
FEES COMMUNITY SERVICES
Revenue
$208,822
FEES FOOD SERVICES
Revenue
$82,804
Organization Details
Founding Year
2010
Phone
(305) 669-2906Principal Officer
William G Brooks
Main Address
6340 SUNSET DRIVE, MIAMI, FL, 33143
Website
www.cornerstonecharter.comNTEE Category
Code: B29 - Education
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