CORNERSTONE PREPARATORY ACADEMY INC

Address
3588 HICKORY GROVE ROAD
ACWORTH, GA 30101
Contact
Website: http://www.cornerstoneprep.org
Phone: +1 (770) 529-7077
Nonprofit
EIN: 31-1832330
Year formed: 2004

Mission

TO PROVIDE STUDENTS (GRADES K-12) WITH A COMPREHENSIVE COLLEGE-PREPARATORY EDUCATION FROM A CHRISTIAN PERSPECTIVE, DEVELOPING THE STUDENT'S INDEPENDENT STUDY SKILLS, WORK ETHIC, AND STUDY HABITS CRITICAL TO COLLEGE SUCCESS.
 20172016201520142013
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$162,360.00$167,328.00$226,540.00$226,108.00$219,768.00
Sum of reportable (W2/1099) compensation$162,360.00$167,328.00$226,540.00$226,108.00$219,768.00
Number of employees7879676148
Number of people compensated >$100k00000
Number of volunteers7550252525
Number of highly compensated contractors0000 
Personnel
Baines, Andrew
TitleDirectorDirectorDirectorDirector 
Name of key/compensated personANDREW BAINESANDREW BAINESANDREW BAINESANDREW BAINES 
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Bergquist, Keith
Title    Director
Name of key/compensated person    KEITH BERGQUIST
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Borders, Fred
Title  DirectorDirectorDirector
Name of key/compensated person  FRED BORDERSFRED BORDERSFRED BORDERS
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Borders, Jeanne
TitleHEAD OF SCHOOLHEAD OF SCHOOLCEO / DirectorCEO / DirectorCEO / Director
Name of key/compensated personJEANNE BORDERSJEANNE BORDERSJEANNE BORDERSJEANNE BORDERSJEANNE BORDERS
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officer  TrueTrueTrue
Current key employee (> $150k)TrueTrue   
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$59,004.00$58,000.00$50,008.00$58,012.00$55,992.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Brisco, Benita
TitleDirectorDirectorDirector  
Name of key/compensated personBENITA BRISCOBENITA BRISCOBENITA BRISCO  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Burger, Terry
TitleDirectorDirector   
Name of key/compensated personTERRY BURGERTERRY BURGER   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Burton, Pat
TitlePRINCIPAL-ELEMENTARYPRINCIPAL-ELEMENTARYPRINCIPAL-ELEMENTARYPRINCIPAL-ELEMENTARYPRINCIPAL-ELEMENTARY
Name of key/compensated personPAT BURTONPAT BURTONPAT BURTONPAT BURTONPAT BURTON
Position of compensated person
Current key employee (> $150k)TrueTrueTrueTrueTrue
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$45,354.00$48,700.00$46,050.00$47,496.00$45,780.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Campbell, Chuck
Title   DirectorDirector
Name of key/compensated person   CHUCK CAMPBELLCHUCK CAMPBELL
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   1.001.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Defranceso, Steve
TitleDirectorCoach/DirectorCoach/DirectorDirector 
Name of key/compensated personSTEVE DEFRANCESOSTEVE DEFRANCESOSTEVE DEFRANCESOSTEVE DEFRANCESO 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$0.00$2,500.00$1,500.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Galat, Bryan
TitleDirectorDirectorDirectorDirector 
Name of key/compensated personBRYAN GALATBRYAN GALATBRYAN GALATBRYAN GALAT 
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Guice, Holly
TitleCoach/DirectorCoach/DirectorCoach/DirectorDirector 
Name of key/compensated personHOLLY GUICEHOLLY GUICEHOLLY GUICEHOLLY GUICE 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$3,000.00$4,128.00$4,128.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Gurniewicz, Cindy
Title  CFO / DirectorCFO / DirectorCFO / Director
Name of key/compensated person  CINDY GURNIEWICZCINDY GURNIEWICZCINDY GURNIEWICZ
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officer  TrueTrueTrue
Average hours per week working for org  20.0020.0024.00
Reportable compensation from org  $25,500.00$21,000.00$25,500.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Gurniewicz, John
Title  DirectorDirectorDirector
Name of key/compensated person  JOHN GURNIEWICZJOHN GURNIEWICZJOHN GURNIEWICZ
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Hamilton, Kyle
TitlePRINCIPAL-SECONDARYPRINCIPAL-SECONDARYPRINCIPAL-SECONDARYPRINCIPAL-SECONDARYPRINCIPAL-SECONDARY
Name of key/compensated personKYLE HAMILTONKYLE HAMILTONKYLE HAMILTONKYLE HAMILTONKYLE HAMILTON
Position of compensated person
Current key employee (> $150k)TrueTrueTrueTrueTrue
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$55,002.00$54,000.00$53,004.00$52,008.00$49,992.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Luke, Alison
Title  Dean / DirectorDean / DirectorDean / Director
Name of key/compensated person  ALISON LUKEALISON LUKEALISON LUKE
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  40.0040.0040.00
Reportable compensation from org  $46,350.00$47,592.00$42,504.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Luke, Jeff
Title  Secretary / DirSecretary / DirSecretary / Dir
Name of key/compensated person  JEFF LUKEJEFF LUKEJEFF LUKE
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officer  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Speer, Erik
TitleDirectorDirector   
Name of key/compensated personERIK SPEERERIK SPEER   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Wheeler, Elizabeth
Title    Director
Name of key/compensated person    ELIZABETH WHEELER
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE STUDENTS (GRADES K-12) WITH A COMPREHENSIVE COLLEGE-PREPARATORY EDUCATION FROM A CHRISTIAN PERSPECTIVE, DEVELOPING THE STUDENT'S INDEPENDENT STUDY SKILLS, WORK ETHIC, AND STUDY HABITS CRITICAL TO COLLEGE SUCCESS.TO PROVIDE STUDENTS (GRADES K-12) WITH A COMPREHENSIVE COLLEGE-PREPARATORY EDUCATION FROM A CHRISTIAN PERSPECTIVE, DEVELOPING THE STUDENT'S INDEPENDENT STUDY SKILLS, WORK ETHIC, AND STUDY HABITS CRITICAL TO COLLEGE SUCCESS.TO PROVIDE STUDENTS (GRADES K-12) WITH A COMPREHENSIVE COLLEGE-PREPARATORY EDUCATION FROM A CHRISTIAN PERSPECTIVE, DEVELOPING THE STUDENT'S INDEPENDENT STUDY SKILLS, WORK ETHIC, AND STUDY HABITS CRITICAL TO COLLEGE SUCCESS.TO PROVIDE STUDENTS (GRADES K-12) WITH A COMPREHENSIVE COLLEGE-PREPARATORY EDUCATION FROM A CHRISTIAN PERSPECTIVE, DEVELOPING THE STUDENT'S INDEPENDENT STUDY SKILLS, WORK ETHIC, AND STUDY HABITS CRITICAL TO COLLEGE SUCCESS.TO PROVIDE STUDENTS (GRADES K-12) WITH A COMPREHENSIVE COLLEGE-PREPARATORY EDUCATION FROM A CHRISTIAN PERSPECTIVE, DEVELOPING THE STUDENT'S INDEPENDENT STUDY SKILLS, WORK ETHIC, AND STUDY HABITS CRITICAL TO COLLEGE SUCCESS.
Program service expenses, total$2,424,278.00$2,084,494.00$1,562,792.00$1,272,971.00$1,128,271.00
Programs, including revenue & expense
APPROXIMATELY 484 STUDENTS WERE SERVED AND PROVIDED WITH ELEMENTARY AND/OR SECONDARY SCHOOL EDUCATION - PROVIDED IN CHRISTIAN BASED, PARENT-INVOLVED, AND TRADITIONALLY INSTRUCTED CLASSROOM SETTINGS.
Program expenses$2,424,278.00$2,084,494.00$1,562,792.00$1,272,971.00$1,128,271.00
Program revenue$3,127,880.00$2,832,520.00$2,290,940.00$1,808,245.00$1,670,366.00
Program descriptionAPPROXIMATELY 484 STUDENTS WERE SERVED AND PROVIDED WITH ELEMENTARY AND/OR SECONDARY SCHOOL EDUCATION - PROVIDED IN CHRISTIAN BASED, PARENT-INVOLVED, AND TRADITIONALLY INSTRUCTED CLASSROOM SETTINGS.APPROXIMATELY 470 STUDENTS WERE SERVED AND PROVIDED WITH ELEMENTARY AND/OR SECONDARY SCHOOL EDUCATION - PROVIDED IN CHRISTIAN BASED, PARENT-INVOLVED, AND TRADITIONALLY INSTRUCTED CLASSROOM SETTINGS.APPROXIMATELY 450 STUDENTS WERE SERVED AND PROVIDED WITH ELEMENTARY AND/OR SECONDARY SCHOOL EDUCATION - PROVIDED IN CHRISTIAN BASED, PARENT-INVOLVED, AND TRADITIONALLY INSTRUCTED CLASSROOM SETTINGS.APPROXIMATELY 400 STUDENTS WERE SERVED AND PROVIDED WITH ELEMENTARY AND/OR SECONDARY SCHOOL EDUCATION - PROVIDED IN CHRISTIAN BASED, PARENT-INVOLVED, AND TRADITIONALLY INSTRUCTED CLASSROOM SETTINGS.APPROXIMATELY 380 STUDENTS WERE SERVED AND PROVIDED WITH ELEMENTARY AND/OR SECONDARY SCHOOL EDUCATION - PROVIDED IN CHRISTIAN BASED, PARENT-INVOLVED, AND TRADITIONALLY INSTRUCTED CLASSROOM SETTINGS.
Financial data
Revenue
Total revenue, current year$3,300,145.00$3,062,612.00$2,723,470.00$1,833,909.00$1,701,948.00
Program service revenue, current year$3,127,880.00$2,832,520.00$2,290,940.00$1,808,245.00$1,670,366.00
Investment income, current year$1,632.00$2,181.00$4,859.00$2,538.00$4,020.00
Total revenue from grants, etc., current year$170,633.00$227,911.00$427,671.00$23,126.00$27,562.00
Total unrelated business revenue    $0.00
Other revenue, current year$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$3,127,880.00$2,832,520.00$2,290,940.00$1,808,245.00$1,670,366.00
Sources of contributions
Revenue from fundraising events$61,792.00    
Revenue from all other contributions$108,841.00$227,911.00$427,671.00$23,126.00$27,562.00
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00$0.00
Miscellaneous revenue (total)$0.00$0.00$0.00$0.00$0.00
Net revenue from gaming (total)$0.00$0.00$0.00$0.00$0.00
Investment income$1,632.00$2,181.00$4,859.00$2,538.00$4,020.00
Net rental income$0.00$0.00$0.00$0.00$0.00
Net income from fundraising events$0.00$0.00$0.00$0.00$0.00
Net inventory sales (total)$0.00$0.00$0.00$0.00$0.00
Expense categories (totals)
Total expenses, current year$3,043,589.00$2,575,571.00$1,901,033.00$1,599,293.00$1,430,834.00
Total functional expenses: program service $2,424,278.00$2,084,494.00$1,562,792.00$1,272,971.00$1,128,271.00
Total functional expenses: management and general$601,871.00$490,420.00$330,112.00$316,322.00$302,563.00
Total functional expenses: fundraising$17,440.00$657.00$8,129.00$10,000.00$0.00
Fees for services
Lobbying fees (total)$0.00$0.00$0.00$0.00$0.00
Total functional expenses: legal fees$0.00$0.00$0.00$254.00$132.00
Fundraising service fees (total)$9,052.00$0.00$0.00$0.00$0.00
General management fees (total)$0.00$0.00$0.00$10,000.00$0.00
Investment management fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets, end of year$11,333,241.00$10,917,972.00$4,865,594.00$3,057,714.00$1,749,278.00
Total assets, beginning of current year$10,917,972.00$4,865,594.00$3,057,714.00$1,749,278.00$1,423,089.00
Total liabilities, end of year$8,372,288.00$8,213,575.00$2,648,238.00$1,662,795.00$588,975.00
Total liabilities, beginning of year$8,213,575.00$2,648,238.00$1,662,795.00$588,975.00$533,900.00
Pledges & accounts receivable, net$0.00$0.00$0.00$0.00$0.00
Loans & receivables from key persons$0.00$0.00$0.00$0.00$0.00
Unrestricted net assets, end of year$2,960,953.00$2,704,397.00$2,217,356.00$1,394,919.00$1,160,303.00
Net assets, end of year$2,960,953.00$2,704,397.00$2,217,356.00$1,394,919.00$1,160,303.00
Net assets, beginning of current year$2,704,397.00$2,217,356.00$1,394,919.00$1,160,303.00$889,189.00
Intangible assets$0.00$28,233.00$40,333.00$0.00$0.00
Other assets$0.00$0.00$0.00$0.00$25,751.00
Investments: other securities$0.00$0.00$0.00$0.00$0.00
Investments: publicly traded securities$0.00$0.00$0.00$0.00$0.00
Cash: non-interest bearing, end of year$1,079,332.00$1,071,756.00$816,540.00$234,534.00$425,496.00
Cash: non-interest bearing, beginning of year$1,071,756.00$816,540.00$234,534.00$425,496.00$486,484.00
Inventories for sale or use, end of year$0.00$0.00$0.00$0.00$0.00
Gross receipts$3,308,533.00$3,062,612.00$2,723,470.00$1,833,909.00$1,701,948.00
Revenue less expenses, current year$256,556.00$487,041.00$822,437.00$234,616.00$271,114.00
Advertising (total)$3,315.00$14,853.00$5,465.00$10,075.00$6,671.00
Savings & temp cash invest$763,526.00$602,403.00$371,062.00$1,209,656.00$1,205,243.00
Accounts receivable, net$1,481,308.00$1,365,120.00$1,154,781.00$961,979.00$14,610.00
Prepaid expenses & deferred charges$138,470.00$76,654.00$67,787.00$0.00$0.00
Accounts payable & accrued expenses$23,690.00$33,615.00$10,425.00  
Deferred revenue$2,702,128.00$2,435,244.00$1,996,629.00$1,662,795.00$588,975.00
Secured mortgages and notes payable, end of year$5,646,470.00$5,744,716.00$641,184.00  
Total net assets or fund balances, end of year$2,960,953.00$2,704,397.00$2,217,356.00$1,394,919.00$1,160,303.00
Depreciation, depletion, amortization$266,031.00$153,099.00$31,305.00$26,537.00$20,618.00
Payment to affiliates$0.00$0.00$0.00$0.00$0.00
Governance and accountability
Relationships among key personnel  TrueTrueTrue
Number of voting members7711119
Number of independent voting members77886
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-07-012015-07-012014-07-012013-07-012012-07-01
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Metadata about the filing
Return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
Address change True   
IRS schema version2016v3.02015v2.02014v5.02013v3.12012v2.0
Filing identifier201703339349300430201642599349300029201512599349300221201432749349300613201342639349300209
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