Cornerstone Christian School Society
- Assets
- $1.8m
- Revenue
- $982.9k
- Investments
- $0.0
- Employees
- 32
- Location
- Lynden, WA
- Founding
- 10/2002
- Data as of
- 07/2022
- EIN
- 55-0786606
Organization Overview
Cornerstone Christian School Society is located in Lynden, WA. The organization was established in 2002. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2022, Cornerstone Christian School Society employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Christian School Society 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 07/2022, Cornerstone Christian School Society generated $982.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $875.6k during the year ending 07/2022. While expenses have increased by 0.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION FOR GRADES 1-12 BASED ON THE CHRISTIAN PRINCIPLES OF THE AMERICAN AND CANADIAN REFORMED CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION FOR GRADES 1-12 BASED ON THE CHRISTIAN PRINCIPLES OF THE AMERICAN AND CANADIAN REFORMED CHURCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kolin Veldman Treasurer | OfficerTrustee | 2 | $0 |
Tim Faber Chairman | OfficerTrustee | 2 | $0 |
Ray Buitenbos Vice-Chairman & Secretary | OfficerTrustee | 2 | $0 |
Clarence Kobes Director | Trustee | 2 | $0 |
Dave Hofford Director | Trustee | 2 | $0 |
Eric Brown Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $77,178 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $281,627 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $358,805 |
| Total Program Service Revenue | $594,080 |
| Investment income | $406 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$19,067 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $982,872 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,660 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $626,770 |
| Pension plan accruals and contributions | $13,592 |
| Other employee benefits | $51,913 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,090 |
| Fees for services: Accounting | $2,729 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $134 |
| Office expenses | $3,724 |
| Information technology | $11,162 |
| Royalties | $0 |
| Occupancy | $83,478 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,172 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $875,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $566,313 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,588 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,821 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,425 |
| Net Land, buildings, and equipment | $1,143,121 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,756,268 |
| Accounts payable and accrued expenses | $52,457 |
| Grants payable | $0 |
| Deferred revenue | $90,272 |
| 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 | $0 |
| Total liabilities | $142,729 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,613,539 |
| Total liabilities and net assets/fund balances | $1,756,268 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cornerstone Christian School Society has recieved totaling $3,112.
| Awarding Organization | Amount |
|---|---|
Habco Charitable Foundation Lynden, WA PURPOSE: GENERAL GIFT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,112 |
Endowment Analysis
| Beg. Balance | $165,127 |
| Earnings | $184 |
| Admin Expense | $248 |
| Net Contributions | $39,832 |
| Ending Balance | $204,895 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakeside School Seattle, WA | $394,164,521 | $65,054,128 |
Catlin Gabel School Portland, OR | $84,016,930 | $34,455,336 |
Annie Wright Schools Tacoma, WA | $86,822,047 | $28,900,199 |
Bush School Seattle, WA | $78,878,554 | $33,051,809 |
The Northwest School Of The Arts Humanities And Environment Seattle, WA | $79,999,966 | $22,972,982 |
University Preparatory Academy Seattle, WA | $104,232,720 | $29,101,265 |
Bear Creek School Redmond, WA | $66,422,507 | $24,721,144 |
Eastside Preparatory School Kirkland, WA | $91,598,705 | $24,415,326 |
Southern Oregon Child And Family Council Inc Central Point, OR | $12,815,042 | $21,527,920 |
Charles Wright Academy Tacoma, WA | $63,747,007 | $20,214,757 |
Oregonians For Online Education Inc Scio, OR | $4,402,348 | $19,081,202 |
Head Start Of Lane County Springfield, OR | $2,527,429 | $16,579,600 |