Cornerstone School
- Assets
- $2.9m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 33
- Location
- Stratham, NH
- Founding
- 09/1986
- Data as of
- 06/2021
- EIN
- 22-2730159
Organization Overview
Cornerstone School is located in Stratham, NH. The organization was established in 1986. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Cornerstone School employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Cornerstone School generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. While expenses have increased by 0.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MONTESSORI EDUCATION TO CHILDREN AGES 15 MONTHS TO 14 YEARS OLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MONTESSORI EDUCATION TO CHILDREN AGES 15 MONTHS TO 14 YEARS OLD.
TO PROVIDE MONTESSORI EDUCATION TO CHILDREN AGES 15 MONTHS TO 14 YEARS OLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Ann Robertson Head Of Scho | 40 | $102,178 | |
Josh Henly Treasurer | OfficerTrustee | 2 | $0 |
Selvi Lampman Vice Preside | OfficerTrustee | 2 | $0 |
Robert Pruyne Secretary | OfficerTrustee | 2 | $0 |
Brian Riley President | OfficerTrustee | 3 | $0 |
Kevin Cowieson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,659 |
| Investment income | $10,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,999 |
| Net Income from Fundraising Events | $2,866 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,995,588 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $33,794 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,412,994 |
| Pension plan accruals and contributions | $30,000 |
| Other employee benefits | $70,108 |
| Payroll taxes | $102,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,417 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,522 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,499 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,653 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $165,019 |
| Insurance | $19,862 |
| All other expenses | $0 |
| Total functional expenses | $2,031,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,601 |
| Savings and temporary cash investments | $242,409 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,872 |
| Investments—publicly traded securities | $528,136 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,866,485 |
| Accounts payable and accrued expenses | $75,116 |
| Grants payable | $0 |
| Deferred revenue | $236,372 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,230 |
| Total liabilities | $313,718 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,552,767 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cornerstone School has recieved totaling $26,701.
| Awarding Organization | Amount |
|---|---|
Tony And Renee Marlon Charitable Foundation Las Vegas, NV PURPOSE: PROVIDE EDUCATIONAL SUPPORT | $25,000 |
The Allayne And Douglas Wick Foundation Gates Mills, OH PURPOSE: CLASSROOM MATERIALS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $701 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Dedham Country Day School Dedham, MA | $40,544,639 | $16,952,187 |
Shore Country Day School Beverly, MA | $51,799,692 | $17,689,477 |
Brookwood School Incorporated Manchester, MA | $33,301,700 | $12,669,241 |
Cape Cod Academy Inc Osterville, MA | $13,242,497 | $10,612,014 |
Foxcroft Academy Trustees Doverfoxcroft, ME | $30,930,930 | $10,035,137 |
The Charles River School Dover, MA | $30,996,715 | $9,587,665 |
Hillside School Marlborough, MA | $33,049,340 | $9,104,442 |
Newton Montessori School Inc Newton Centre, MA | $10,554,680 | $8,644,583 |
Montrose Foundation Inc Medfield, MA | $18,590,536 | $8,753,750 |
Friends Academy Inc North Dartmouth, MA | $17,029,726 | $7,811,864 |