Overview
What is Cornerstone Christian School Foundation?
Cornerstone Christian School Foundation is a charitable organization, established with the primary objective of supporting Cornerstone Christian School. Based in San Angelo, Texas, the foundation fulfills its mission by providing financial aid in the form of scholarships and funding for necessary school improvements. This nonprofit organization plays a crucial role in enhancing the educational opportunities at Cornerstone Christian School, a 501(c)3 institution.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement)
The Cornerstone Christian School Foundation has received a two-star rating from Charity Navigator, reflecting a score of 70%. While the organization demonstrates strong accountability and finance practices, notably with a program expense ratio of 77.26% and a perfect score for independent board members, there are significant areas needing improvement. The foundation reports no material diversion of assets and maintains a favorable liabilities to assets ratio of 0.00%, contributing positively to its financial stability.
However, the organization has received low scores for transparency and policy adherence, with missing disclosures related to tax forms, conflict of interest, whistleblower, and document retention policies. These missing elements detract from the overall effectiveness and accountability of the foundation. The absence of documented board meeting minutes also raises concerns regarding governance practices.
Overall, while the Cornerstone Christian School Foundation showcases strong financial management, the lack of essential policies and transparency could hinder its ability to gain trust among stakeholders and potential donors. Addressing these weaknesses is crucial for enhancing its operational credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Christian School Foundation legitimate?
Cornerstone Christian School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Christian School Foundation 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.
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What is the mission statement of Cornerstone Christian School Foundation?
The Cornerstone Christian School Foundation's mission is centered around supporting the operations and potential facility enhancements of Cornerstone Christian School, a non-profit institution. Their primary objective is to contribute financially towards scholarships and capital improvements for the school. During the operational year, the foundation successfully accomplished its purpose by providing funds to Cornerstone Christian School for these specific needs.
Who is the CEO of Cornerstone Christian School Foundation?
Joe Payne is the President of Cornerstone Christian School Foundation.
What is the revenue of Cornerstone Christian School Foundation?
Cornerstone Christian School Foundation's revenue in 2022 was $825.
Who are the executives of Cornerstone Christian School Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Cornerstone Christian School Foundation?
Cornerstone Christian School Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cornerstone Christian School Foundation
Cornerstone Christian School Foundation is an organization with a mission to support the operations and capital improvements required for Cornerstone Christian School, a separate 501(c) 3 entity. In essence, its primary objective is to provide essential financial assistance to this educational institution, ensuring its smooth functioning and potential growth. Throughout the operating year, the Foundation fulfilled its mission by providing funds for scholarships and capital improvements to Cornerstone Christian School.
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Impact
October, 2024
Cornerstone Christian School Foundation significantly enhances the educational environment at Cornerstone Christian School in San Angelo, Texas, by funding scholarships and capital improvements. This support enables students to access quality education through financial assistance, ensuring that families can afford to send their children to a nurturing school community.
Additionally, the foundation's initiatives for capital improvements help maintain and upgrade school facilities, creating a safe and inspiring atmosphere conducive to learning. By investing in both student support and infrastructure, Cornerstone Christian School Foundation plays a critical role in fostering academic excellence and enriching the overall educational experience for its students.
This information is meant to be a general summary of Cornerstone Christian School Foundation. 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: $775
- Gross Receipts: $16,160
Assets and Liabilities:
- Total Assets: $607,408
- Total Liabilities: $0
- Net Assets: $607,408
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Organization Details
Founding Year
2001
Phone
(325) 944-7536Principal Officer
Joe Payne
Main Address
1502 N Jefferson, San Angelo, TX, 76901
NTEE Category
Code: B11 - Education
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