Overview
What is Cornerstone Schools Of Washington Dc Inc?
Cornerstone Schools of Washington D.C. Inc. is a nonprofit organization situated in the Washington D.C. metropolitan area, specifically at 3742 Ely Place SE. The primary mission of this institution is to deliver a Christ-centered, nurturing, and academically robust education to low-income children within the community. Through collaborative efforts with families, schools, and the community, Cornerstone aims to instill in its students the habits of faith, love, and learning, thereby fostering wise, compassionate, and virtuous leaders who serve others in the light of Christ and His truth. The organization currently has 164 students and employs 55 individuals, demonstrating its commitment to providing quality education and support to families in need.
Official website here: www.cornerstone-schools.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Cornerstone Schools of Washington DC Inc has achieved a respectable Three-Star rating from Charity Navigator, indicating a solid level of accountability and effectiveness in its operations. The charity has demonstrated a strong program expense ratio at 86.49%, signifying that a significant portion of its funding directly supports its programs, which is a positive indicator of its commitment to its mission.
The organization also scores well in various governance aspects, with an entirely independent board and excellent ratings for audit oversight and conflict of interest policies. These factors contribute to a strong culture of integrity within the organization, making it a trustworthy choice for potential donors who prioritize financial transparency and ethical governance.
While the charity has many strengths, it’s worth noting that the overall score of 75% suggests there may still be areas for improvement, particularly in fundraising efficiency, where it has a ratio of $0.11. Continued efforts to enhance this aspect could further increase their effectiveness and sustainability in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Schools Of Washington Dc Inc legitimate?
Cornerstone Schools Of Washington Dc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Schools Of Washington Dc 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: $227,446
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,342,135
For more financial information, click here
Official website here: www.cornerstone-schools.org
What is the mission statement of Cornerstone Schools Of Washington Dc Inc?
Cornerstone Schools of Washington D.C. Inc's mission is centered around providing a Christ-focused, nurturing, and academically rigorous education. This mission aims to instill habits of faith, love, and learning in its students, fostering the development of wise, compassionate, and virtuous leaders who serve others. The school operates through a partnership between families, the school, and the community, and provides an opportunity for Christian education to low-income children, currently serving 164 students from the Washington D.C. metro area.
Official website here: www.cornerstone-schools.org
Who is the CEO of Cornerstone Schools Of Washington Dc Inc?
Jeff Wood is the Part-Year Executive Director of Cornerstone Schools Of Washington Dc Inc.
Official website here: www.cornerstone-schools.org
What is the revenue of Cornerstone Schools Of Washington Dc Inc?
Cornerstone Schools Of Washington Dc Inc's revenue in 2022 was $2,703,823.
Official website here: www.cornerstone-schools.org
Who are the executives of Cornerstone Schools Of Washington Dc Inc and what are their salaries?
The average compensation at Cornerstone Schools Of Washington Dc Inc during 2022 was $28,538. There are 55 employees and 130 volunteers at Cornerstone Schools Of Washington Dc Inc.
Here are 12 key members and their salaries:
- Compensation: $138,175
- Related: $0
- Other: $34,786
- Compensation: $75,689
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- Other: $12,369
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Official website here: www.cornerstone-schools.org
Where can I find the form 990 for Cornerstone Schools Of Washington Dc Inc?
Cornerstone Schools Of Washington Dc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cornerstone-schools.org
Learn more at the official website: www.cornerstone-schools.org
Mission Statement of Cornerstone Schools Of Washington Dc Inc
Cornerstone Schools of Washington D.C. is a nonprofit organization committed to providing a Christ-centered, nurturing, and academically robust education to the children of the Washington D.C. metropolitan area. Their mission, as stated, is to foster the habits of faith, love, and learning in these students, essential qualities that shape them into wise, compassionate, and virtuous leaders who serve others in the light of Christ and His truth. Through a partnership involving families, schools, and the community, Cornerstone Schools of Washington D.C. aims to nurture and educate low-income children, equipping them with the necessary skills and values to make a positive impact in their communities and beyond.
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Impact
July, 2024
Cornerstone Schools of Washington DC Inc's impact is significant in providing a Christ-centered, nurturing, and academically robust education to low-income children in the Washington, D.C. metro area. Through a partnership of family, school, and community, Cornerstone aims to form children in the habits of faith, love, and learning essential for becoming wise, compassionate, and virtuous leaders who serve others in light of Christ and His truth. With 164 students enrolled during the current year, the school plays a crucial role in offering opportunities for Christian education to underserved communities, ultimately striving to empower children with the skills and values needed to make a positive impact in their communities and beyond.
This information is meant to be a general summary of Cornerstone Schools Of Washington Dc 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: $2,246
- Program Service Revenue: $1,437,184
- Gross Receipts: $2,870,908
Assets and Liabilities:
- Total Assets: $809,044
- Total Liabilities: $160,606
- Net Assets: $648,438
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$1,437,184
Organization Details
Founding Year
1997
Phone
(202) 575-0027Principal Officer
Jeff Wood
Main Address
3742 ELY PLACE SE, WASHINGTON, DC, 20019
Website
www.cornerstone-schools.orgNTEE Category
Code: B20Z - Education
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