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Cornerstone Academy

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 208135048 ✦ Arlington, TX ✦ Designated as a 501(c)(3)

Overview

What is Cornerstone Academy?

Cornerstone Academy, a nonprofit organization based in Arlington, Texas, operates under the name Cornerstone Academy Inc. With a focus on Christian education, the academy is committed to providing rigorous academic teaching, aiming to instill lifelong learning skills. Recently, they have accomplished significant milestones, such as boosting staff wages, renovating their building, investing in marketing through signage, purchasing new playground equipment, and offering financial assistance to parents for tuition. Their total employee count is 16.


Official website here: www.cornerstoneacademytx.org

Is Cornerstone Academy legitimate?

Cornerstone Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $201,025
Professional Fundraising Fees: $0
Other Salaries and Wages: $418,292

For more financial information, click here


Official website here: www.cornerstoneacademytx.org

What is the mission statement of Cornerstone Academy?

Cornerstone Academy, being a Christian school, aims to provide rigorous academic teaching as a means to foster lifelong skills for continued learning. The mission of Cornerstone Academy Inc. is to develop well-rounded individuals through its educational program, which is part of the Cornerstone Academy Inc. The institution's activities have led to achievements such as increased staff wages, building renovations, improved marketing, the purchase of new playground equipment, and financial assistance for parents with tuition fees.


Official website here: www.cornerstoneacademytx.org

Who is the CEO of Cornerstone Academy?

Hester Hetley is the Board President of Cornerstone Academy.


Official website here: www.cornerstoneacademytx.org

What is the revenue of Cornerstone Academy?

Cornerstone Academy's revenue in 2023 was $1,421,329.


Official website here: www.cornerstoneacademytx.org

Who are the executives of Cornerstone Academy and what are their salaries?

The average compensation at Cornerstone Academy during 2023 was $38,707. There are 16 employees and 8 volunteers at Cornerstone Academy.

Here are 8 key members and their salaries:

    Carla Smith (40)
  • Compensation: $150,512
  • Related: $0
  • Other: $0

    • Hester Hetley (Board President)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Dwight Mckissic Sr (School Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vera Mckissic (School Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gerald Alley (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifri Howell (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Samantha Sells (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ed Heatley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.cornerstoneacademytx.org

    Where can I find the form 990 for Cornerstone Academy?

    The Cornerstone Academy’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.cornerstoneacademytx.org

    Learn more at the official website: www.cornerstoneacademytx.org

    Mission Statement of Cornerstone Academy

    Cornerstone Academy, a Christian school, is committed to providing rigorous academic teaching as a means to foster skills for a lifetime of continued learning. The institution, which is part of Cornerstone Academy Inc., aims to equip its students with essential skills through its rigorous academic program. By doing so, Cornerstone Academy intends to prepare its students for a lifetime of learning, ensuring they are well-equipped to navigate various challenges and opportunities that come their way.

    The mission of Cornerstone Academy is deeply rooted in its Christian beliefs, and it strives to instill these values in its students. By providing a rigorous academic curriculum, the school aims to develop well-rounded individuals who can apply their skills in various contexts. The ultimate goal is to help students cultivate a love for learning, enabling them to continue their educational journey beyond the confines of Cornerstone Academy.

    The programs and services offered by Cornerstone Academy have shown significant achievements, including an increase in staff wages, building renovations, signage for marketing, the purchase of new playground equipment, and providing financial assistance to parents for tuition. These accomplishments reflect the school's commitment to providing a high-quality education while also addressing the needs of its students and their families. By investing in its staff, facilities, and resources, Cornerstone Academy demonstrates its dedication to its mission of fostering lifelong learners.

    Impact

    This information is meant to be a general summary of Cornerstone Academy. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Cornerstone Academy's impact can be seen in its commitment to providing rigorous academic teaching with a focus on developing lifelong learning skills. The program services offered by Cornerstone Academy, such as increasing staff wages, renovating buildings, investing in marketing signage, purchasing new playground equipment, and providing financial assistance to parents for tuition, all contribute to creating a supportive and enriching educational environment for its students. Through its Christian-based approach, Cornerstone Academy aims to empower students with the necessary skills and knowledge for a successful and fulfilling future.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $7,779
  • Program Service Revenue: $733,299
  • Gross Receipts: $1,421,329

    • Assets and Liabilities:
  • Total Assets: $774,747
  • Total Liabilities: $33,009
  • Net Assets: $741,738
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    IN KIND DONATIONS

    Revenue

    $400,152

    MISCELLANEOUS INCOME

    Revenue

    $250

    TUITION

    Revenue

    $332,862

    RETURN ITEM

    Revenue

    $35

    Organization Details

    Founding Year

    2007

    Principal Officer

    Hester Hetley

    Main Address

    5415 MATLOCK RD, ARLINGTON, TX, 76018

    NTEE Category

    Code: B21 - Education

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