Overview
What is Cornerstone Academy Inc Lakeway Christian Schools?
Cornerstone Academy Inc Lakeway Christian Schools is a nonprofit organization dedicated to delivering a Christ-centered and academically rigorous education. By partnering with families, they aim to instill a biblical worldview and foster a heart for Christ in students. Cornerstone Academy's unique approach to education goes beyond the classroom, ensuring holistic growth for students. Their mission, as outlined in their statement of faith and purpose, emphasizes the importance of spiritual and intellectual development.
Official website here: www.lcstn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Cornerstone Academy Inc Lakeway Christian Schools has received an 82% rating from Charity Navigator, indicating a solid level of accountability and financial management. The score is derived entirely from its accountability and finance metrics, reflecting a strong commitment to transparency and responsible management of resources.
The organization boasts a number of strengths, including a fully independent board of directors and a high program expense ratio of 84.95%, which suggests that a substantial portion of its resources is directed towards its educational programs. Additionally, there are no reported issues of material diversion of assets, and the organization maintains strong financial ratios, including a very low liabilities to assets ratio of 1.06%.
While the rating is commendable, it is important for potential donors or stakeholders to consider the implications of the Three-Star rating. This indicates areas where the organization may still have room for improvement, particularly in enhancing its overall performance metrics beyond just accountability and finance. Overall, Cornerstone Academy shows a commitment to effective governance and responsible use of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Academy Inc Lakeway Christian Schools legitimate?
Cornerstone Academy Inc Lakeway Christian Schools is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Academy Inc Lakeway Christian Schools 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: $6,675,118
For more financial information, click here
Official website here: www.lcstn.org
What is the mission statement of Cornerstone Academy Inc Lakeway Christian Schools?
Cornerstone Academy Inc's Lakeway Christian Schools are committed to collaborating with families to deliver a Christ-centered education. Through this approach, students are equipped with a strong academic foundation and a biblical worldview. The institution's mission aligns with the statements of faith and purpose outlined in its bylaws. Cornerstone Academy believes that education encompasses more than just academics and aims to foster growth in students, both spiritually and intellectually. Consequently, they provide a holistic learning experience that prepares students to favor both God and man.
Official website here: www.lcstn.org
Who is the CEO of Cornerstone Academy Inc Lakeway Christian Schools?
Robert Brown is the Principal Officer of Cornerstone Academy Inc Lakeway Christian Schools.
Official website here: www.lcstn.org
What is the revenue of Cornerstone Academy Inc Lakeway Christian Schools?
Cornerstone Academy Inc Lakeway Christian Schools's revenue in 2022 was $28,492,042.
Official website here: www.lcstn.org
Who are the executives of Cornerstone Academy Inc Lakeway Christian Schools and what are their salaries?
The average compensation at Cornerstone Academy Inc Lakeway Christian Schools during 2022 was $23,925. There are 279 employees and 12 volunteers at Cornerstone Academy Inc Lakeway Christian Schools.
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Official website here: www.lcstn.org
Where can I find the form 990 for Cornerstone Academy Inc Lakeway Christian Schools?
Cornerstone Academy Inc Lakeway Christian Schools's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lcstn.org
Learn more at the official website: www.lcstn.org
Mission Statement of Cornerstone Academy Inc Lakeway Christian Schools
Cornerstone Academy Inc Lakeway Christian Schools is a nonprofit institution dedicated to collaborating with families in delivering a Christ-centered and intellectually stimulating education. By doing so, the academy aims to instill in students a deep-rooted understanding of biblical principles and a passionate devotion to Christ. This mission aligns with the tenets outlined in the organization's statement of faith and purpose as stated in Article 2, sections I and II of its bylaws.
Cornerstone Academy believes that education encompasses more than just academic knowledge. To that end, the institution is committed to providing a holistic learning experience for its students. By fostering an educational environment grounded in Christian values, Cornerstone Academy empowers its students to develop wisdom, stature, and favor in both their spiritual and secular pursuits. The ultimate goal is to help students grow in their relationship with God and contribute positively to society.
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Impact
October, 2024
Cornerstone Academy Inc Lakeway Christian Schools has a profound impact on the Morristown community through its commitment to providing a Christ-centered and academically rigorous education. By partnering with families, the school fosters an environment where students are equipped with a biblical worldview, promoting both spiritual growth and intellectual development.
The institution emphasizes a holistic approach to education, ensuring that students develop not only academically but also in character and spirituality. This comprehensive educational philosophy helps students grow in wisdom, stature, and favor both with God and with others, preparing them to become well-rounded individuals ready to positively contribute to society.
As a result, Cornerstone Academy plays a vital role in shaping future leaders who are not only knowledgeable but also grounded in strong values and a heart for service. Its unique focus on combining faith and learning creates a nurturing community that supports the overall development of its students.
This information is meant to be a general summary of Cornerstone Academy Inc Lakeway Christian Schools. 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: -$43,606
- Program Service Revenue: $9,445,814
- Gross Receipts: $28,852,754
Assets and Liabilities:
- Total Assets: $93,751,320
- Total Liabilities: $2,460,276
- Net Assets: $91,291,044
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACADEMIC TUITION AND FEES
Revenue
$8,844,295
LUNCH PROGRAM
Revenue
$282,603
ENROLLMENT REVENUE
Revenue
$212,270
STUDENT ACTIVITIES
Revenue
$67,481
AFTERCARE PROGRAM
Revenue
$39,165
Organization Details
Founding Year
2006
Phone
(423) 307-1189Principal Officer
Robert Brown
Main Address
4801 S DAVY CROCKETT PARKWAY, MORRISTOWN, TN, 37813
Website
www.lcstn.orgNTEE Category
Code: B240 - Education
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