Overview
What is Cornerstone Academy?
Cornerstone Academy is a nonprofit Christian high school located at 607 Harvard Street, Oak Park, IL 60304. With a focus on providing a personalized and comprehensive education, the school aims to instill a Christian moral code and equip students with tools for self-sufficiency. A unique aspect of Cornerstone Academy is its Work Study Program, which places students at corporate sponsor job sites one day a week during the school year. This program allows students to gain valuable work experience and reduce their school costs, while corporate sponsors receive affordable entry-level clerical workers. The academy, with a staff of 7 individuals, strives to create an intentionally small environment to foster a supportive learning atmosphere for its students.
Official website here: www.cornerstonechicago.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)
Cornerstone Academy holds an impressive 97% rating from Charity Navigator, indicating a strong commitment to accountability and financial health. This high score reflects that the organization has effectively managed its resources, with a particular emphasis on maintaining transparency and integrity in its operations. The rating is derived solely from the Accountability & Finance beacon, showcasing their dedication to these critical areas.
The organization has demonstrated notable strengths, including a fully independent board, which comprises 100% independent members, and robust financial ratios. With a program expense ratio of 81.11%, Cornerstone Academy prioritizes spending on its mission-driven programs. Additionally, the presence of comprehensive policies regarding conflict of interest and whistleblower protections further enhances its reputation for governance and ethical conduct.
While the data highlights the organization's strengths, it does not mention any specific areas for improvement or challenges faced. Overall, Cornerstone Academy appears to be a well-managed nonprofit with a solid foundation in financial practices and governance.
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: $45,861
Professional Fundraising Fees: $0
Other Salaries and Wages: $196,607
For more financial information, click here
Official website here: www.cornerstonechicago.org
What is the mission statement of Cornerstone Academy?
Cornerstone Academy's mission is centered around offering a unique, small-scale Christian high school experience to its students. This experience is designed to be personalized, comprehensive, and ultimately leads students towards earning a diploma, instilling a strong Christian moral code, and equipping them with essential tools for self-sufficiency. To further enhance this learning journey, Cornerstone Academy also operates a Work Study Program, where students work one day a week at corporate sponsor job sites, gaining practical experience and reducing their school costs.
Official website here: www.cornerstonechicago.org
Who is the CEO of Cornerstone Academy?
Richard Vander Molen is the President of Cornerstone Academy.
Official website here: www.cornerstonechicago.org
What is the revenue of Cornerstone Academy?
Cornerstone Academy's revenue in 2022 was $457,922.
Official website here: www.cornerstonechicago.org
Who are the executives of Cornerstone Academy and what are their salaries?
The average compensation at Cornerstone Academy during 2022 was $34,638. There are 7 employees and 6 volunteers at Cornerstone Academy.
Here are 14 key members and their salaries:
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Official website here: www.cornerstonechicago.org
Where can I find the form 990 for Cornerstone Academy?
Cornerstone Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cornerstonechicago.org
Learn more at the official website: www.cornerstonechicago.org
Mission Statement of Cornerstone Academy
Cornerstone Academy is dedicated to offering a unique Christian high school experience that is both personalized and comprehensive for its students. The primary objective of this institution is to guide students towards earning a diploma, instilling a strong moral code based on Christian values, and equipping them with tools necessary for self-sufficiency. To achieve this mission, Cornerstone Academy provides an intentionally small learning environment, ensuring each student receives individual attention.
In addition to its academic focus, Cornerstone Academy also offers a Work Study Program. This initiative places students at corporate sponsor job sites for one day a week during the school year. This arrangement benefits both the students and the corporate sponsors. The students gain valuable work experience and earn money to reduce their school costs, while the sponsors receive entry-level clerical workers at a competitive price. This program is a testament to Cornerstone Academy's commitment to providing practical, real-world learning opportunities alongside its rigorous academic curriculum.
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Impact
July, 2024
Cornerstone Academy provides students with a transformative high school experience that combines personalized education, Christian values, and practical skills for self-sufficiency. Through its unique Work Study Program, students gain valuable work experience while reducing their school costs, creating a bridge between academics and real-world skills. This innovative approach not only prepares students for success academically but also equips them with the tools needed to thrive in the workforce. By instilling a Christian moral code and emphasizing comprehensive education, Cornerstone Academy has a profound impact on shaping well-rounded, empowered individuals who are prepared to make a positive difference in the world.
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 2022.
- Program Service Revenue: $58,596
- Gross Receipts: $478,235
Assets and Liabilities:
- Total Assets: $196,756
- Total Liabilities: $24,470
- Net Assets: $172,286
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and fees
Revenue
$56,346
Work study program
Revenue
$2,250
Organization Details
Founding Year
1996
Phone
(312) 600-0953Principal Officer
Richard Vander Molen
Main Address
607 Harvard Street, Oak Park, IL, 60304
Website
www.cornerstonechicago.orgNTEE Category
Code: B99B - Education
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