Foundation Source

Education : Youth Education Programs and Services

Cornerstone Schools Association

Changing Detroit one child at a time

three stars

82.97

306 East Fourth Street Royal Oak, MI 48067
tel: (248) 439-6228   Web Site
EIN: 38-2995984

Board Leadership
John R. Nicholson Sr.
Board Chairman

CEO
Ernestine Sanders
Head of School

  Score
(out of 100)
Rating
Overall Score & Rating 82.97 three stars
  Financial 84.01 three stars
  Accountability & Transparency 82.00 three stars
This rating was published 12/01/2018 and includes data from FY2017, the most recent 990 received at that time.

Mission-Our broad and beloved community of friends will make possible an excellent education for children so as to prepare them for life and leadership. On this journey we will seek to follow Jesus as a sure path to a fulfilling life and servant leadership. Website - www.CornerstoneSchools.org -In its 20th year, Cornerstone is renowned in Metro Detroit for its success in graduating well-prepared, high achieving youth. 95% of its students graduate from high school in a city with the lowest rates in the country, and 91% of its high school graduates will pursue higher learning opportunities. Cornerstone's school-wide average performance rate is 20% above the national average. July 2009, Cornerstone expanded its educational model to the public school sector with the acquisition of two public school charters, Washington-Parks Academy and Lincoln-King Academy. August 2010, they will open the Leadership and Business High School. Over 1400 children are currently enrolled at our schools.

Mission-Our broad and beloved community of friends will make possible an excellent education for children so as to prepare them for life and leadership. On this journey we will seek to follow Jesus as a sure path to a fulfilling life and servant leadership. Website - www.CornerstoneSchools.org -In its 20th year, Cornerstone is renowned in Metro Detroit for its success in graduating well-prepared, high achieving youth. 95% of its students graduate from high school in a city with the lowest rates in the country, and 91% of its high school graduates will pursue higher learning opportunities. Cornerstone's school-wide average performance rate is 20% above the national average. July 2009, Cornerstone expanded its educational model to the public school sector with the acquisition of two public school charters, Washington-Parks Academy and Lincoln-King Academy. August 2010, they will open the Leadership and Business High School. Over 1400 children are currently enrolled at our schools.

Financial

three stars

84.01

Accountability & Transparency

three stars

82.00

This rating was published 12/01/2018 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
86.0%
  Administrative Expenses 3.5%
  Fundraising Expenses 10.4%
  Fundraising Efficiency $0.16
  Working Capital Ratio (years) 1.16
  Program Expenses Growth 1.5%
  Liabilities to Assets 10.4%
All data for Financial Performance Metrics calculations was provided by Cornerstone Schools Association on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Cornerstone Schools Association on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Cornerstone Schools Association (MI) 82.97 three stars
Harlem Academy (NY) 91.71 four stars
French Camp Academy (MS) 90.67 four stars
Mother Caroline Academy & Education Center (MA) 87.45 three stars
Bethesda Academy (GA) 86.29 three stars
REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,656,832
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $806,693
   Related Organizations $0
   Government Grants $0
Total Contributions $3,463,525
   Program Service Revenue $2,464,882
Total Primary Revenue $5,928,407
   Other Revenue $7,298
TOTAL REVENUE $5,935,705
   
EXPENSES  
   Program Expenses $6,404,777
   Administrative Expenses $181,088
   Fundraising Expenses $652,711
TOTAL FUNCTIONAL EXPENSES $7,238,576
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-1,302,871
   
Net Assets $9,754,346

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
School Operations $6,404,777 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-07 12/01/2018 82.97 three stars
2016-07 12/22/2017 84.02 three stars
2015-07 06/01/2017 89.61 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 38-2995984
Name in IRS Master File CORNERSTONE SCHOOLS ASSOCIATION
NTEE Code B20
NTEE Classification Elementary, Secondary Education, K - 12
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (30) School, college, trade school, etc.
Foundation Status School 170(b)(1)(A)(ii)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date December, 1993
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End July
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • July, 2016
  • July, 2015
  • July, 2014
  • July, 2013
  • July, 2012

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$159,110 2.19% Ernestine Lsanders Head Of School

Highly Rated

Charity Name & State Overall Score Overall Rating
Cornerstone Schools Association (MI) 82.97 three stars
French Camp Academy (MS) 90.67 four stars
Guadalupe School (UT) 95.87 four stars
Harlem Academy (NY) 91.71 four stars
Mother Caroline Academy & Education Center (MA) 87.45 three stars