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Education : Youth Education Programs and Services

Cornerstone Schools Association

Changing Detroit one child at a time

one star

59.00

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

Board Leadership
Mike Carr
Chair

CEO
Lisa Key
Chief Academic Officer

  Score
(out of 100)
Rating
Overall Score & Rating 59.00 one star
  Financial 85.00 three stars
  Accountability & Transparency 44.00 zero star
This rating was published 07/01/2020 and includes data from FY2019, 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.

Impact Information

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Financial

three stars

85.00

Accountability & Transparency

zero star

44.00

This rating was published 07/01/2020 and includes data from FY2019, 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)
87.9%
  Administrative Expenses 3.3%
  Fundraising Expenses 8.6%
  Fundraising Efficiency $0.19
  Working Capital Ratio (years) 2.10
  Program Expenses Growth -50.7%
  Liabilities to Assets 11.5%
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) 59.00 one star
Denver Street School (CO) 85.88 three stars
Eastside College Preparatory School (CA) 90.22 four stars
Chicago Hope Academy (IL) 85.87 three stars
Guadalupe School (UT) 94.28 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $131,865
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $131,865
   Program Service Revenue $124,974
Total Primary Revenue $256,839
   Other Revenue $669,736
TOTAL REVENUE $926,575
   
EXPENSES  
   Program Expenses $808,243
   Administrative Expenses $38,355
   Fundraising Expenses $92,817
TOTAL FUNCTIONAL EXPENSES $939,415
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-12,840
   
Net Assets $8,573,533

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 $808,243 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-07 07/01/2020 59.00 one star
2018-07 12/01/2019 83.43 three stars
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
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

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, 2017
  • July, 2016
  • July, 2015
  • July, 2014
  • July, 2013
Compensation % of Expenses Paid to Title
None reported -- This organization did not report a CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Cornerstone Schools Association (MI) 59.00 one star
Glenwood Academy (IL) 90.95 four stars
Open School (OR) 90.13 four stars
French Camp Academy (MS) 89.23 three stars
Marian Middle School (MO) 86.84 three stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

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

Visit Web Site

Board Leadership

Mike Carr
Chair

CEO

Lisa Key
Chief Academic Officer

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