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Education : Youth Education Programs and Services

Cornerstone Schools Association

Changing Detroit one child at a time

three stars

89.61

6861 East Nevada Street Detroit, MI 48234
tel: (313) 892-1860   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 89.61 three stars
  Financial 85.31 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 06/01/2017 and includes data from FY2015, the most recent 990 received at that time.
Why isn't this based on more recent data?

Learn more about how we calculate the overall score and rating.

Financial

three stars

85.31

Accountability & Transparency

four stars

100.00

This rating was published 06/01/2017 and includes data from FY2015, the most recent 990 received at that time.
Why isn't this based on more recent data?
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)		 82.1%
  Administrative Expenses 6.8%
  Fundraising Expenses 11.0%
  Fundraising Efficiency $0.16
  Working Capital Ratio (years) 1.20
  Program Expenses Growth 6.1%
  Liabilities to Assets 24.9%
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.
Information Provided on the Form 990  
  Independent Voting Board Members
  No Material diversion of assets
  Audited financials prepared by independent accountant
  Does Not Provide Loan(s) to or Receive Loan(s) From related parties
  Documents Board Meeting Minutes
  Provided copy of Form 990 to organization's governing body in advance of filing
  Conflict of Interest Policy
  Whistleblower Policy
  Records Retention and Destruction Policy
  CEO listed with salary
  Process for determining CEO compensation
  Board Listed / Board Members Not Compensated
Is the following information easily accessible on the charity's website?  
  Donor Privacy Policy
  Board Members Listed
  Audited Financials
  Form 990
  Key staff listed

Highly Rated

Charity Name & State Overall Score Overall Rating
Cornerstone Schools Association (MI) 89.61 three stars
Bethesda Academy (GA) 85.63 three stars
Gottesman RTW Academy (NJ) 88.57 three stars
Nativity Prep Academy (CA) 88.29 three stars
Eastside College Preparatory School (CA) 91.12 four stars

Compare These Charities (Highly Rated)

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.

REVENUE  
Contributions  
   Contributions, Gifts & Grants $4,632,591
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $845,739
   Related Organizations $0
   Government Grants $0
Total Contributions $5,478,330
   Program Service Revenue $2,771,559
Total Primary Revenue $8,249,889
   Other Revenue $-17,238
TOTAL REVENUE $8,232,651
   
EXPENSES  
   Program Expenses $6,958,412
   Administrative Expenses $439,732
   Fundraising Expenses $1,025,694
TOTAL FUNCTIONAL EXPENSES $8,423,838
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-191,187
   
Net Assets $10,483,333

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 $6,958,412 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2015-07 06/01/2017 89.61 three stars
2015-07 11/01/2016 89.23 three stars
2015-07 10/01/2016 89.23 three stars
2014-07 06/01/2016 91.39 four stars
 
CN 2.0
2014-07 06/01/2015 94.64 four stars
2013-07 04/01/2015 90.40 four stars
2012-07 02/01/2014 76.66 two stars
2011-07 03/01/2013 76.32 two stars
2011-07 02/01/2013 76.23 two stars
2011-07 11/06/2012 74.05 two stars
2010-07 02/01/2012 74.08 two stars
2009-07 09/20/2011 75.05 two stars
 
CN 1.0
2009-07 11/01/2010 67.21 one star
2008-07 09/01/2009 81.81 three stars
2007-07 03/01/2009 84.61 three stars
2006-07 04/01/2007 81.76 three stars
2005-07 07/01/2006 80.42 three stars
2004-07 12/01/2005 73.65 two stars
2003-07 11/01/2004 73.70 two 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, 2015
  • July, 2014
  • July, 2013
  • July, 2012
  • July, 2011

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).

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Compensation % of Expenses Paid to Title
$171,180 2.03% Ernestine Sanders President, CEO

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
Cornerstone Schools Association (MI) 89.61 three stars
Nativity Academy at Saint Boniface (KY) 85.03 three stars
City Academy (MO) 89.08 three stars
Beacon Academy (MA) 91.64 four stars
Harlem Village Academies (NY) 87.73 three stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Cornerstone Schools Association
6861 East Nevada Street
Detroit, MI 48234
tel: (313) 892-1860
EIN: 38-2995984

Visit Web Site

Board Leadership

John R. Nicholson Sr.
Board Chairman

CEO

Ernestine Sanders
Head of School

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