Overview
What is Cornerstone Christian Academy Inc?
Cornerstone Christian Academy Inc, located in Rainsville, Alabama, serves as a private, religious day school, offering education to approximately 550 students annually. This nonprofit, headed by Rex Cresswell, is dedicated to providing a nurturing environment that integrates spiritual teachings into its curriculum. With a team of 134 employees, the academy is committed to shaping the future generations, fostering their academic growth and spiritual development.
Official website here: www.cca-eagles.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Cornerstone Christian Academy Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 60%. This rating indicates that while the organization has demonstrated some strengths, particularly in having a fully independent board and a strong program expense ratio, there are significant areas needing improvement, particularly in transparency and policy adherence.
One of the main strengths of Cornerstone Christian Academy is its high program expense ratio of 89.89%, suggesting that a substantial portion of its funds is directed towards its programs rather than administrative costs. Additionally, the organization has a completely independent board, which is a positive indicator of governance. However, the lack of financial statements and several key policies, such as a conflict of interest policy and whistleblower policy, raises concerns about accountability and transparency.
Despite its strengths, the organization faces limitations that contribute to its low overall score. Missing financial statements and essential governance policies detract from its credibility. The liabilities to assets ratio of 62.24% also signals a potential risk in its financial health. These factors highlight the need for improvement in practices that would enhance trust and accountability in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Christian Academy Inc legitimate?
Cornerstone Christian Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Christian 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
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Other Salaries and Wages: $1,293,034
For more financial information, click here
Official website here: www.cca-eagles.com
What is the mission statement of Cornerstone Christian Academy Inc?
Cornerstone Christian Academy Inc's mission is centered around providing private, religious day school education to students. This educational institution is committed to nurturing approximately 550 students annually, focusing on a Christian-based curriculum. The academy aims to foster an educational environment that aligns with religious values, contributing to the overall development of its students.
Official website here: www.cca-eagles.com
Who is the CEO of Cornerstone Christian Academy Inc?
Rex Creswell is the Director of Cornerstone Christian Academy Inc.
Official website here: www.cca-eagles.com
What is the revenue of Cornerstone Christian Academy Inc?
Cornerstone Christian Academy Inc's revenue in 2022 was $2,318,123.
Official website here: www.cca-eagles.com
Who are the executives of Cornerstone Christian Academy Inc and what are their salaries?
The average compensation at Cornerstone Christian Academy Inc during 2022 was $9,650. There are 134 employees at Cornerstone Christian Academy Inc.
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Official website here: www.cca-eagles.com
Where can I find the form 990 for Cornerstone Christian Academy Inc?
Cornerstone Christian Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cca-eagles.com
Learn more at the official website: www.cca-eagles.com
Mission Statement of Cornerstone Christian Academy Inc
Cornerstone Christian Academy Inc is committed to providing private, religious day school education to its students. Their mission is focused on nurturing and educating children within a faith-based environment. Through their educational programs, the academy aims to prepare approximately 550 students annually, instilling values and knowledge that extend beyond the classroom. The academy's educational approach is rooted in its Christian beliefs, ensuring that each student receives a well-rounded education that fosters personal growth and spiritual development.
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Impact
July, 2024
Cornerstone Christian Academy Inc's impact lies in providing a private, religious day school education to around 550 students in Rainsville, AL. Through its mission to offer this specialized form of education, the academy plays a crucial role in shaping young minds and fostering a strong foundation of faith within its student body. By emphasizing both academic excellence and spiritual growth, Cornerstone Christian Academy Inc contributes to the development of well-rounded individuals who are equipped to navigate the challenges of the modern world with a strong sense of purpose and values.
This information is meant to be a general summary of Cornerstone Christian 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,616
- Program Service Revenue: $1,938,502
- Gross Receipts: $2,440,882
Assets and Liabilities:
- Total Assets: $5,231,429
- Total Liabilities: $3,330,242
- Net Assets: $1,901,187
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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
$1,614,833
LUNCHROOM
Revenue
$158,950
CLASSROOM FEES
Revenue
$155,737
MISC INCOME
Revenue
$8,982
Organization Details
Founding Year
2001
Phone
(256) 638-9311Principal Officer
Rex Creswell
Main Address
PO BOX 1488, RAINSVILLE, AL, 35986
Website
www.cca-eagles.comNTEE Category
Code: B24 - Education
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