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Cornerstone Preparatory Academy Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311832330 ✦ Acworth, GA ✦ Designated as a 501(c)(3)

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Overview

What is Cornerstone Preparatory Academy Inc?

Cornerstone Preparatory Academy Inc is a nonprofit organization located at 3588 Hickory Grove Road, Acworth, Georgia. The institution serves approximately 500 students, offering elementary and secondary education in a Christian-based, parent-involved, and traditionally instructed classroom setting. Their mission is to provide students from grades K-12 with a comprehensive college-preparatory education, fostering independent study skills, work ethic, and study habits essential for college success from a Christian perspective. The academy aims to equip its students with the necessary skills and mindset to excel in higher education. The organization is led by a team of 69 employees.


Official website here: www.cornerstoneprep.org

What are the reviews and ratings of this charity?

Charity Navigator rating: 75%, Three-Star out of Four Star rating.

Cornerstone Preparatory Academy Inc has achieved a solid Three-Star rating from Charity Navigator, indicating a reasonable level of accountability and financial health. The organization boasts a fully independent board and has no material diversion of assets, showcasing strong governance practices. Its program expense ratio is notably high at nearly 80%, indicating that a significant portion of its funds is directed towards its educational programs.

User feedback from Great Nonprofits highlights the positive experiences of families involved with Cornerstone Preparatory Academy. One reviewer praised the school’s Christian values and its effectiveness in preparing students for both college and life skills. The administration and teaching staff are described as highly qualified, sweet, and caring, contributing to a supportive learning environment.

While the organization demonstrates strong financial practices and positive user experiences, ongoing evaluation of its liabilities to assets ratio, which stands at 57.47%, could provide insight into the financial stability and sustainability of the nonprofit in the long term. Overall, Cornerstone Preparatory Academy appears to be a reputable option for families seeking a quality educational experience.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

What do the Facebook reviews say about Cornerstone Preparatory Academy Inc?

94% of 70 reviewers on Facebook recommend Cornerstone Preparatory Academy Inc. Here is a summary of their reviews:

Parents express a strong sense of gratitude for the positive impact that the academy has had on their families. Many highlight the welcoming environment and the joy their children experience while attending the school. One parent mentioned that their daughter has thrived in this new setting, resulting in an improved family dynamic.

Overall, the sentiment is overwhelmingly positive, with families appreciating both the educational and emotional support provided by Cornerstone Preparatory Academy Inc. The school seems to effectively fulfill its mission, contributing significantly to the well-being and happiness of its students and their families.


This AI summary has been generated from reviews found on Facebook.

Is Cornerstone Preparatory Academy Inc legitimate?

Cornerstone Preparatory Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Preparatory 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: $1,775,702

For more financial information, click here


Official website here: www.cornerstoneprep.org

What is the mission statement of Cornerstone Preparatory Academy Inc?

Cornerstone Preparatory Academy Inc's mission is centered around providing a comprehensive college-preparatory education to students from grades K-12, instilling in them independent study skills, a strong work ethic, and effective study habits essential for college success. This education is offered from a Christian perspective, fostering an environment that encourages parental involvement and traditional instruction methods. The academy aims to serve approximately 500 students, providing them with elementary and secondary school education in a Christian-based setting.


Official website here: www.cornerstoneprep.org

Who is the CEO of Cornerstone Preparatory Academy Inc?

Marsha Robbins is the Board Chairman of Cornerstone Preparatory Academy Inc.


Official website here: www.cornerstoneprep.org

What is the revenue of Cornerstone Preparatory Academy Inc?

Cornerstone Preparatory Academy Inc's revenue in 2022 was $3,860,564.


Official website here: www.cornerstoneprep.org

Who are the executives of Cornerstone Preparatory Academy Inc and what are their salaries?

The average compensation at Cornerstone Preparatory Academy Inc during 2022 was $25,735. There are 69 employees and 130 volunteers at Cornerstone Preparatory Academy Inc.


Here are 8 key members and their salaries:


Stephen Defrancesco (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryan Galat (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erik Speer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Holly Guice (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Baines (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christian Pitts (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenn Baker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Borders (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cornerstoneprep.org

Where can I find the form 990 for Cornerstone Preparatory Academy Inc?

Cornerstone Preparatory Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cornerstoneprep.org

Learn more at the official website: www.cornerstoneprep.org

Mission Statement of Cornerstone Preparatory Academy Inc

Cornerstone Preparatory Academy Inc, a nonprofit organization, is committed to providing a comprehensive college-preparatory education from a Christian perspective to students in grades K-12. Their mission is to foster the development of independent study skills, work ethic, and study habits essential for college success in these students. By adopting a Christian perspective, the academy aims to instill strong moral values and beliefs in its students, thereby preparing them for their future academic pursuits. The academy operates in a parent-involved and traditionally instructed classroom setting, thereby ensuring a conducive learning environment for its students. Approximately 500 students have benefited from this education, receiving elementary and secondary school education within the academy's Christian-based framework.

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Impact




October, 2024

Cornerstone Preparatory Academy Inc significantly impacts students by delivering a comprehensive college-preparatory education rooted in a Christian perspective. With a focus on grades K-12, the academy emphasizes the development of independent study skills, a strong work ethic, and effective study habits—essentials for college success.

Serving approximately 500 students, Cornerstone Preparatory Academy fosters a nurturing and parent-involved environment within traditionally instructed classroom settings. This holistic approach not only prepares students for academic challenges but also instills values and disciplines that will benefit them throughout their lives. By cultivating both academic excellence and personal development, the academy plays a pivotal role in shaping well-rounded individuals ready to succeed in higher education and beyond.




This information is meant to be a general summary of Cornerstone Preparatory 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.

Revenue
$3,860,564 (2022)
Expenses
$3,312,152 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $13,617
  • Program Service Revenue: $3,789,828
  • Gross Receipts: $3,860,564

Assets and Liabilities:

  • Total Assets: $11,938,695
  • Total Liabilities: $6,998,688
  • Net Assets: $4,940,007

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION/ACTIVITY

Revenue

$3,789,828

Organization Details

Founding Year

2004

Principal Officer

Marsha Robbins

Main Address

3588 HICKORY GROVE ROAD, ACWORTH, GA, 30101

NTEE Category

Code: B20 - Education

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