Overview
What is Cornerstone Academy Community School?
Cornerstone Academy Community School is a charter institution located at 6015 E Walnut Street, Westerville, Ohio, 43081. With a capacity to serve 686.1 Full-Time Equivalent Students (FTEs) in grades K-8 during the 2021-2022 academic year, the organization focuses on delivering instructional services to enrolled students. Its mission is to offer educational choices to students and their families within the community, as stated in its Articles of Incorporation under the Ohio Revised Code 1702. Cornerstone Academy Community School primarily dedicates its efforts to providing instructional services to students in grades K-8 and operates within the guidelines of IRS 501c3.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Cornerstone Academy Community School has received a two-star rating from Charity Navigator, indicating areas that require improvement despite some strong organizational governance. The school boasts a perfect score for accountability measures such as an independent board, conflict of interest policy, and financial oversight, which demonstrates a commitment to transparency and responsible management of its resources.
However, the overall score of 69% highlights financial challenges, particularly indicated by a low working capital ratio of 0.13 years. This suggests potential liquidity issues that could affect the organization's ability to sustain operations in the long term. While the school maintains a high program expense ratio and demonstrates effective fundraising efficiency, the financial health of the organization remains a significant concern.
In summary, while Cornerstone Academy Community School showcases strong governance practices and effective program management, it faces financial limitations that could impact its sustainability and growth. Stakeholders may want to monitor these challenges closely as they evaluate the school's long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Academy Community School legitimate?
Cornerstone Academy Community School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Academy Community School 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: $3,303,163
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What is the mission statement of Cornerstone Academy Community School?
The Cornerstone Academy Community School was established with the primary goal of offering educational choices to students and their families within the community. The organization concentrates on delivering instructional services to enrolled students in grades K-8. As outlined in its Articles of Incorporation, the school's mission is to create and manage a charter school in Ohio for the benefit of local children, while also engaging in any additional activities that align with the 501c3 status under the Ohio Revised Code. The school operates exclusively for charitable purposes.
Who is the CEO of Cornerstone Academy Community School?
C David Massa is the Board Member of Cornerstone Academy Community School.
What is the revenue of Cornerstone Academy Community School?
Cornerstone Academy Community School's revenue in 2022 was $12,231,060.
Who are the executives of Cornerstone Academy Community School and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Cornerstone Academy Community School?
Cornerstone Academy Community School's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cornerstone Academy Community School
Cornerstone Academy Community School, a charter institution in Ohio, was established with the primary goal of extending educational choices to the local community's students and families. Its mission, as outlined in its Articles of Incorporation, extends beyond just education, permitting it to partake in activities related to its main purpose, as defined by IRS 501c3.
The organization takes pride in its role as an educational provider, catering to pupils in grades K through 8. Cornerstone Academy Community School's mission is to create a nurturing environment where every child can thrive and grow, both academically and personally. It strives to foster a strong community bond, ensuring that the families it serves are an integral part of its educational process.
Cornerstone Academy Community School's mission is driven by its commitment to the community and its belief in the importance of educational choice. It operates with the intention of making a positive impact on the lives of its students, instilling in them a love for learning and preparing them for success in their future endeavors. Through its instructional services and any related activities, Cornerstone Academy Community School works diligently to provide the best possible educational experience for each and every student.
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Impact
October, 2024
Cornerstone Academy Community School significantly impacts the Westerville community by providing essential educational opportunities for students and families seeking choice in their learning environment. Serving 686.1 full-time equivalent students in grades K-8 during the 2021-2022 school year, the school focuses on delivering tailored instructional services that cater to the diverse needs of its student body.
By establishing a charter school designed to benefit local children, Cornerstone Academy fosters an environment where educational choice is prioritized, allowing families to select a learning option that aligns with their values and educational goals. The school’s mission reflects a commitment to enriching the educational landscape in Ohio, and its presence enhances community engagement and investment in the future of its students.
This information is meant to be a general summary of Cornerstone Academy Community School. 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.
- Gross Receipts: $12,231,060
Assets and Liabilities:
- Total Assets: $20,737,794
- Total Liabilities: $18,606,864
- Net Assets: $2,130,930
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Organization Details
Founding Year
2000
Phone
(614) 775-0615Principal Officer
C David Massa
Main Address
6015 E Walnut Street, Westerville, OH, 43081
NTEE Category
Code: B24 - Education
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