Overview
What is Cornerstone Schools Association?
Cornerstone Schools Association is a nonprofit organization situated in Detroit, Michigan. Its primary mission is to provide faith-centered education to children in the Detroit metropolitan area. The organization, previously operating as a private Christian school, decided to cease operations in 2017. Instead, it now offers enrollment opportunities for students within the Cornerstone Education Group (CEG) charter system. Post-closure, the association continues to support CEG's educational mission by leasing its Nevada campus facilities and collecting licensing fees. Additionally, it offers voluntary Christ-centered activities for students and their parents during non-school hours. The Cornerstone Schools Association's community-driven mission is to provide an excellent education for children, preparing them for life and leadership while following Jesus as a guiding path towards a fulfilling life and servant leadership.
Official website here: www.cornerstoneschools.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
Cornerstone Schools Association has achieved an impressive Four-Star rating from Charity Navigator, reflecting its commitment to high standards of accountability and finance. With a perfect score of 100% in this category, the organization demonstrates strong financial health, transparency, and ethical governance practices. This rating is significant as it indicates that the charity effectively uses its resources to maximize its impact and serves its mission efficiently.
The organization showcases various strengths, including a fully independent board with eight members, a high program expense ratio of 89.20%, and no material diversion of assets. These factors highlight Cornerstone Schools Association's dedication to responsible financial management and effective program delivery. Moreover, the charity maintains a robust governance framework, including policies on conflicts of interest and whistleblower protections, ensuring accountability and trustworthiness among stakeholders.
While the ratings reflect a solid financial standing, it's essential to consider the impact of the organization's programs on its community. The high program expense ratio suggests that the majority of its expenditures directly support its mission, but further qualitative data on program outcomes would provide a more comprehensive view of its effectiveness in achieving its goals. Overall, Cornerstone Schools Association stands out as a well-managed nonprofit with a clear focus on its mission and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Schools Association legitimate?
Cornerstone Schools Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Schools Association 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: $0
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Official website here: www.cornerstoneschools.org
What is the mission statement of Cornerstone Schools Association?
The Cornerstone Schools Association's mission is centered around providing an excellent education for children, preparing them for life and leadership. This community of supporters aims to follow Jesus as a guiding path towards a fulfilling life and servant leadership. Upon ceasing operations as a private Christian school, the association shifted its focus to assisting the Cornerstone Education Group (CEG) in its educational mission and offering voluntary Christ-centered activities for students and parents outside of school hours. The association also continues to lease facilities to CEG and collect licensing fees to fund its mission.
Official website here: www.cornerstoneschools.org
Who is the CEO of Cornerstone Schools Association?
Mike Carr is the Director of Cornerstone Schools Association.
Official website here: www.cornerstoneschools.org
What is the revenue of Cornerstone Schools Association?
Cornerstone Schools Association's revenue in 2022 was $792,812.
Official website here: www.cornerstoneschools.org
Who are the executives of Cornerstone Schools Association and what are their salaries?
There 4 volunteers at Cornerstone Schools Association.
Here are 5 key members and their salaries:
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Official website here: www.cornerstoneschools.org
Where can I find the form 990 for Cornerstone Schools Association?
Cornerstone Schools Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cornerstoneschools.org
Learn more at the official website: www.cornerstoneschools.org
Mission Statement of Cornerstone Schools Association
Cornerstone Schools Association, a community of dedicated individuals, is committed to providing an excellent education for children, preparing them for life and leadership. Their mission is rooted in the belief that following Jesus serves as a pathway to a fulfilling life and servant leadership. The association operates a faith-centered school in the Detroit metropolitan area. Upon ceasing operations as a private Christian school, the association decided to support the Cornerstone Education Group (CEG) charter system by offering students placements. Beyond this, the association continues to aid CEG in its educational mission and offers Christ-centered activities voluntarily to students and parents outside of regular school hours. The association also maintains its Nevada campus, leasing facilities to CEG, and collects licensing fees to fund its mission.
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Impact
July, 2024
Cornerstone Schools Association's impact can be seen in its dedication to providing faith-centered education to children in the Detroit metropolitan area. Although the organization ceased operations as a private Christ-centered school in 2017, it continues to support the educational mission through the Cornerstone Education Group charter system. By offering Christ-centered activities to students and parents on a voluntary basis outside of regular school hours, the association is nurturing a community focused on preparing children for life and leadership while following Jesus. This commitment to education and faith-based values contributes to the development of well-rounded individuals who are equipped to positively impact their communities.
This information is meant to be a general summary of Cornerstone Schools Association. 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: $40
- Program Service Revenue: $798,005
- Gross Receipts: $792,812
Assets and Liabilities:
- Total Assets: $8,386,038
- Total Liabilities: $396,252
- Net Assets: $7,989,786
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE- CEG
Revenue
$712,253
SUPPORT SERVICES REVEN
Revenue
$85,752
Organization Details
Founding Year
1991
Phone
(313) 892-1860Principal Officer
Mike Carr
Main Address
6861 E NEVADA, DETROIT, MI, 48234
Website
www.cornerstoneschools.orgNTEE Category
Code: B20Z - Education
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