Fc Cornerstone Christian Academy
- Assets
- $5.6m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 93
- Location
- Sugar Land, TX
- Founding
- 10/2003
- Data as of
- 06/2021
- EIN
- 82-0584178
Organization Overview
Fc Cornerstone Christian Academy is located in Sugar Land, TX. The organization was established in 2003. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2021, Fc Cornerstone Christian Academy employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fc Cornerstone Christian Academy 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, Fc Cornerstone Christian Academy generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $4.0m during the year ending 06/2021. 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
CORNERSTONE CHRISTIAN ACADEMY OPERATES A SCHOOL PROVIDING A CHRISTIAN ENVIRONMENT FOR LEARNING FOR STUDENTS IN PRESCHOOL THROUGH 8TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORNERSTONE CHRISTIAN ACADEMY (CCA) STRIVES TO CHALLENGE OUR STUDENTS TO GROW SPIRITUALLY, ACADEMICALLY, AND SOCIALLY WHILE KEEPING CHRIST AT THE CENTER OF WHO WE ARE AND WHAT WE DO. DURING THE 2020-2021 SCHOOL YEAR, CCA EDUCATED OVER 235 STUDENTS IN GRADES PRE-SCHOOL THROUGH 8TH GRADE. WITH A FOCUS ON ACADEMIC EXCELLENCE AND CHRIST-LIKE BEHAVIOR, WE STRIVE TO HONOR JESUS IN ALL THAT WE DO. OUR FACULTY AND FAMILIES ARE WHAT MAKE CCA IN THE TOP 1% GLOBALLY OF ALL SCHOOLS CERTIFIED BY ADVANCEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Nicholie Head Of Scho | Officer | 40 | $160,607 |
Sharon Donia Controller | Officer | 40 | $96,716 |
Sean Burnett Chairman/tru | OfficerTrustee | 1 | $0 |
Don Bryan Jr Secretary/tr | OfficerTrustee | 1 | $0 |
Don Hooper Vice Chair/t | OfficerTrustee | 1 | $0 |
Meredith Duncan Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gallant Builders Construction | 6/29/18 | $157,279 |
Flik Independent School Dining Food Service | 6/29/18 | $312,455 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,404 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $142,633 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,037 |
| Total Program Service Revenue | $2,842,297 |
| Investment income | $162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,901 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,790 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,029,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $287,003 |
| Compensation of current officers, directors, key employees. | $287,003 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,075,812 |
| Pension plan accruals and contributions | $28,111 |
| Other employee benefits | $222,583 |
| Payroll taxes | $130,660 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,100 |
| Fees for services: Accounting | $2,101 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,442 |
| Advertising and promotion | $65,745 |
| Office expenses | $59,711 |
| Information technology | $52,950 |
| Royalties | $0 |
| Occupancy | $284,274 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,423 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,839 |
| Insurance | $30,391 |
| All other expenses | $0 |
| Total functional expenses | $4,032,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $577,982 |
| Savings and temporary cash investments | $1,156,765 |
| Pledges and grants receivable | $18,250 |
| Accounts receivable, net | $1,574,780 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,007 |
| Prepaid expenses and deferred charges | $90,071 |
| Net Land, buildings, and equipment | $608,458 |
| Investments—publicly traded securities | $1,583,932 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,614,245 |
| Accounts payable and accrued expenses | $241,428 |
| Grants payable | $0 |
| Deferred revenue | $3,093,695 |
| 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 | $486,274 |
| Other liabilities | $0 |
| Total liabilities | $3,821,397 |
| Net assets without donor restrictions | $1,519,931 |
| Net assets with donor restrictions | $272,917 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,614,245 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Fc Cornerstone Christian Academy has recieved totaling $5,886.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $286 |
Fluor Foundation Irving, TX PURPOSE: ANNUAL FUND | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Inc Austin, TX | $5,389,599 | $17,643,504 |
Southwest Christian School Inc Fort Worth, TX | $45,808,415 | $19,471,207 |
Southwest Louisiana Charter Academy Foundation Inc Lake Charles, LA | $44,512,602 | $16,859,571 |
Trinity School Of Midland Texas Midland, TX | $27,961,554 | $15,122,842 |
Dallas International School Dallas, TX | $26,054,966 | $13,430,563 |
Tulsa Christian Education Corporation Tulsa, OK | $13,603,997 | $12,564,074 |
Fort Worth Christian School Inc North Richland Hills, TX | $26,990,918 | $13,008,195 |
D Arbonne Woods Charter School Inc Farmerville, LA | $29,772,897 | $12,075,907 |
The New School Fayetteville, AR | $39,755,955 | $6,395,577 |
Success Preparatory Academy New Orleans, LA | $2,439,777 | $7,661,479 |
The Fay School Houston, TX | $22,159,376 | $8,809,137 |
Manara Academy Inc Irving, TX | $8,798,119 | $7,313,954 |