CORNERSTONE PREPARATORY ACADEMY INC

Address
3588 HICKORY GROVE ROAD
ACWORTH, GA 30101
Contact
Website: http://www.cornerstoneprep.org
Phone: +1 (770) 529-7077
Nonprofit
NTEE: B25 - Secondary, High School
EIN: 31-1832330

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
Basic features of the organization
Year of formation2004
Subsection code03
Form of organization
CorporationTrue
Metropolitan statistical area0520
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 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs0.000.000.000.00 
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
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for 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
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  0.000.000.00
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
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
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
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  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs0.000.000.00  
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   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Burton, Pat
TitlePRINCIPAL-ELEMENTARYPRINCIPAL-ELEMENTARYPRINCIPAL-ELEMENTARYPRINCIPAL-ELEMENTARYPRINCIPAL-ELEMENTARY
Name of key/compensated personPAT BURTONPAT BURTONPAT BURTONPAT BURTONPAT BURTON
Position of compensated person
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
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
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
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   0.000.00
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 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs0.000.000.000.00 
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 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs0.000.000.000.00 
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 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs5.005.000.000.00 
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
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
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  0.000.000.00
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
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  0.000.000.00
Hamilton, Kyle
TitlePRINCIPAL-SECONDARYPRINCIPAL-SECONDARYPRINCIPAL-SECONDARYPRINCIPAL-SECONDARYPRINCIPAL-SECONDARY
Name of key/compensated personKYLE HAMILTONKYLE HAMILTONKYLE HAMILTONKYLE HAMILTONKYLE HAMILTON
Position of compensated person
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
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
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
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  0.000.000.00
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
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
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  0.000.000.00
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   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
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
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for 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 & expenses
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$3,300,145.00$3,062,612.00$2,723,470.00$1,833,909.00$1,701,948.00
Revenue from contributions (total)$170,633.00$227,911.00$427,671.00$23,126.00$27,562.00
Investment income, current yr$1,632.00$2,181.00$4,859.00$2,538.00$4,020.00
Total revenue from grants, etc., current yr$170,633.00$227,911.00$427,671.00$23,126.00$27,562.00
Total unrelated business revenue    $0.00
Other revenue, current yr$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 functional expenses: sum of all$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
Legal fees (total)$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$11,333,241.00$10,917,972.00$4,865,594.00$3,057,714.00$1,749,278.00
Total assets, beginning of year$10,917,972.00$4,865,594.00$3,057,714.00$1,749,278.00$1,423,089.00
Total liabilities$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 yr$2,960,953.00$2,704,397.00$2,217,356.00$1,394,919.00$1,160,303.00
Net assets$2,960,953.00$2,704,397.00$2,217,356.00$1,394,919.00$1,160,303.00
Net assets, beginning of 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$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
Investments -- program-related$0.00$0.00$0.00$0.00$0.00
Inventories for sale or use$0.00$0.00$0.00$0.00$0.00
Other financial variables
Revenue less expenses$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 investment$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$5,646,470.00$5,744,716.00$641,184.00  
Total net assets or fund balances$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
Number of voting members7711119
Number of independent voting members77886
Relationships among key personnel  TrueTrueTrue
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
E-return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
Address change True   
IRS schema version2016v3.02015v2.02014v5.02013v3.12012v2.0
Filing identifier201703339349300430201642599349300029201512599349300221201432749349300613201342639349300209
Use these data in your project Benchmark this organization against its peers