Cornerstone Community Academy is located in Newberry, SC. The organization was established in 2019. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Community 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 12/2022, Cornerstone Community Academy generated $37.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $44.5k during the year ending 12/2022. While expenses have increased by 18.2% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED EDUCATION TO 17 STUDENTS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karin White President | 0 | $0 | |
Anne Shealy Treasure | 0 | $0 | |
Cathy Clinton Secretary | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,505 |
| Total Program Service Revenue | $33,511 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $37,016 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,583 |
| Professional fees and other payments to independent contractors | $22,789 |
| Occupancy, rent, utilities, and maintenance | $3,047 |
| Printing, publications, postage, and shipping | $2 |
| Other expenses | $11,108 |
| Total expenses | $44,529 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $200 |
| Other assets | $0 |
| Total assets | $25,715 |
| Total liabilities | $14,185 |
| Net assets or fund balances | $11,530 |