2026-03-30T15:26:13-05:00 2025-06-30 590548468 PURVIS GRAY & COMPANY LLP 2347 SE 17TH ST OCALA FL 34471 990 2024-07-01 592217451 THE CORNERSTONE SCHOOL INC CORN 3523518840 2313 SE LAKE WEIR AVENUE OCALA FL 34471 ARA MANOOGIAN PRESIDENT 3523518840 2026-03-04 1 1 TIMOTHY WESTGATE CPA P00631621 3527323872 2026-03-24 2024 2025-03-06 01:10:19Z INGRID WASSERFALL 2313 SE LAKE WEIR AVENUE OCALA FL 34471 5558153 0 X WWW.THECORNERSTONESCHOOL.ORG X 1982 FL TO INSPIRE STUDENTS TO BE PASSIONATE LEARNERS WHO THINK CREATIVELY AND INDEPENDENTLY, AND TO NURTURE A SENSE OF PURPOSE GUIDED BY VALUES OF TOLERANCE, INTEGRITY AND MUTUAL RESPECT. 13 13 103 220 0 0 291429 318837 4510246 5009351 59673 90154 33206 69454 4894554 5487796 71254 98451 0 0 2731657 3074274 0 0 0 1377012 1504383 4179923 4677108 714631 810688 7997721 8872428 2931200 2971805 5066521 5900623 WE PREPARE STUDENTS FOR SUCCESS IN AN EVER-CHANGING WORLD THROUGH AN INNOVATIVE CURRICULUM AND INSPRIATIONAL TEACHING THAT DEVELOPS A PASSION FOR LEARNING. 0 0 3157790 98451 5009351 TO PROVIDE A PRIVATE EDUCATIONAL ENVIRONMENT FOR PRESCHOOL THROUGH MIDDLE SCHOOL AGED CHILDREN. THE SCHOOL SERVES APPROXIMATELY 309 STUDENTS. 3157790 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 17 0 103 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X INGRID WASSERFALL 3523518840 2313 SE LAKE WEIR AVE OCALA FL 34471 ARA MANOOGIAN PRESIDENT 10.00 X X 0 0 0 ROBERT DAVIES TREASURER 1.00 X X 0 0 0 ROBERT ALTMAN VICE PRESIDENT 2.00 X X 0 0 0 DAVID MARTIN CHAIR OF GOVERNANCE 1.00 X 0 0 0 CARA WIECHENS CHAIR OF DEVELOPMENT 0.20 X 0 0 0 DARYLE GREEN BOARD MEMBER 0.25 X 0 0 0 DANE SCHLINSKY BOARD MEMBER 1.00 X 0 0 0 REBECCA GUTHRIE BOARD MEMBER 1.00 X 0 0 0 SALLY WATERS SECRETARY 1.00 X X 0 0 0 KEVIN KEEN BOARD MEMBER 0.50 X 0 0 0 JOE JONES BOARD MEMBER 1.00 X 0 0 0 JEFF MANTZ BOARD MEMBER 4.00 X 0 0 0 SHANNON SCHAEFFER BOARD MEMBER 3.00 X 0 0 0 SONJA NASSER BOARD MEMBER 1.00 X 0 0 0 INGRID WASSERFALL DIRECTOR OF SCHOOL 60.00 X 224084 0 7436 224084 0 7436 1 0 1 0 TALLEN BUILDERS LLC 2531 NW 35TH AVENUE OCALA FL 34475 GROUNDS & BLDG MAINT. 115125 1 87550 231287 22079 318837 TUITION INCOME 611600 4107142 4107142 SUMMER PROGRAMS 611600 262980 262980 STUDENT EVENT INCOME 611600 206377 206377 REGISTRATION AND APPLI 611600 169376 169376 EXTENDED DAY PROGRAM 611600 104625 104625 158851 158851 5009351 92226 92226 2072 -2072 -2072 -2072 134191 87550 68285 65906 65906 LATE FEES 900099 3312 3312 OTHER INCOME 900099 236 236 3548 5487796 5009351 0 159608 98451 98451 246203 246203 2425461 1662838 762623 44536 32091 12445 162890 101842 61048 195184 123321 71863 14752 9206 5546 28462 17761 10701 60471 37736 22735 15111 9430 5681 73771 46039 27732 341443 213087 128356 31430 31430 77479 48353 29126 230485 143831 86654 140069 113601 26468 STUDENT ACTIVITIES EXPE 297404 297404 INSTRUCTIONAL & RELATED 134624 134624 DUES & MEMBERSHIP 24917 15550 9367 FACTS FEES 21324 13307 8017 12641 7888 4753 4677108 3157790 1519318 0 1395221 1835015 426800 474395 37190 18740 156806 54922 5882479 1640677 3816656 4241802 2110327 2183588 27020 21938 27701 42028 7997721 8872428 249498 282690 868254 1177489 1813448 1511626 2931200 2971805 X 5064021 5898123 2500 2500 5066521 5900623 7997721 8872428 810688 23414 0 X 1 X 0 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 1.00000 0 0 341651 341651 4878072 1242728 3635344 662756 397949 264807 4241802 X 5469105 23414 23414 5445691 42105 42105 5487796 4635004 56347 56347 4578657 98451 98451 4677108 PART V, LINE 4: THE SCHOOL'S ENDOWMENT FUNDS ARE TO BE HELD INDEFINITELY FOR GENERAL PURPOSES OS THE SCHOOL. PART X, LINE 2: THE SCHOOL QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND, THEREFORE, HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES. THE SCHOOL BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE SCHOOL IS GENERALLY SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THREE YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: NON CASH DONATIONS 22,079. FUNDRAISING EXPENSES-CSAH & NON-CASH -68,285. REIMB OF EXPENSE REPORTED AS REVENUE -10,140. TUITION AWARDS REPORTED AS EXPENSE 98,451. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISER EXPENSES REPORTED UNDER REVENUE 56,346. ROUNDING 1. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION AWARDS REPORTED AS EXPENSE 98,451. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ADMISSIONS MATERIALS AND THE ORGANIZATION'S WEBSITE STATE THAT CORNERSTONE SCHOOL DOES NOT DISCRIMINATE ON THE BASIS OF RACE, RELIGION OR GENDER. FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION FLORIDA STATUTE 1002.421(1)(Q) REQUIRES SCHOOLS PARTICIPATING IN EDUCATIONAL SCHOLARSHIP PROGRAMS ESTABLISHED PURSUANT TO CHAPTER 1002, SPECIFICALLY, THE FLORIDA TAX CREDIT SCHOLARSHIP, FAMILY EMPOWERMENT SCHOLARSHIP FOR EDUCATIONAL OPTIONS, FAMILY EMPOWERMENT SCHOLARSHIP FOR STUDENTS WITH UNIQUE ABILITIES (FORMERLY KNOWN AS GARDINER AND MCKAY SCHOLARSHIPS), AND THE HOPE SCHOLARSHIP (COLLECTIVELY, THE "SCHOLARSHIPS") AND RECEIVING MORE THAN $250,000 IN FUNDS FROM THE SCHOLARSHIPS AWARDED DURING THE STATE FISCAL YEAR FROM JULY 1 OF A CALENDAR YEAR TO JUNE 30 OF THE NEXT CALENDAR YEAR (A "FISCAL YEAR") TO FILE A FISCAL ACCOUNTABILITY REPORT ANNUALLY. THE FISCAL ACCOUNTABILITY REPORT FOCUSES ON THE USE OF THE SCHOLARSHIP FUNDS AND THE FINANCIAL PROCEDURES AND CONTROLS IN PLACE AT THE SCHOOLS. CHILI COOK OFF 190925 82250 108675 650 2027 7294 22405 2500 24817 AUCTION 24584 5300 19284 4112 281 215509 87550 127959 650 6139 7294 22405 2500 25098 64086 63873 0 TUITION ASSISTANCE 24 73971 FMV REDUCED TUITION EMPLOYEE DISCOUNTS 15 24480 FMV REDUCED TUITION PART I, LINE 2: RECIPIENTS RECEIVE A REDUCTION ON THEIR TUITION UPON APPROVAL OF THEIR APPLICATION WHICH IS REVIEWED AND RECOMMENDED BY A THIRD PARTY. THE SCHOOL MAINTAINS CONTROL OVER THE AWARD AND MONITORS RECIPIENT'S COMPLIANCE WITH TERMS. X X 0 0 0 0 0 0 0 0 0 INGRID WASSERFALL DIRECTOR OF SCHOOL 224084 0 0 0 0 0 6483 0 953 0 231520 0 0 0 INGRID WASSERFALL OFFICER & DIRECTOR OF SCHOOL 25938 COMPENSATION 0 SCH L PART IV INGRID WASSERFALL IS THE DIRECTOR OF THE SCHOOL AND AN OFFICER OF THE CORPORATION. HER SON (FAMILY MEMBER) ETHAN WASSERFALL, IS AN EMPLOYEE OF THE SCHOOL. ETHAN'S COMPENSATION FOR THE FISCAL YEAR WAS $25,938. FORM 990, PART VI, SECTION A, LINE 6 ALL BOARD MEMBERS (REFERRED TO AS TRUSTEES) AND ALL PARENTS OR LEGAL GUARDIANS OF ANY CHILD PRESENTLY ENROLLED IN THE SCHOOL OR ANY PERSONS DESIRING TO BE A TRUSTEE BY A MAJORITY VOTE OF THE PRESENT TRUSTEES SHALL BE CONSIDERED MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED AND APPOINTED BY A 51% MAJORITY OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 8B DOCUMENTED MINUTES WERE NOT PREPARED FOR A MAJORITY OF METTINGS OF THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS PROVIDED TO THE DIRECTOR AND FINANCE COMMITTEE FOR REVIEW AND DISCUSSION. ALL MEMBERS OF THE BOARD RECEIVE A COPY OF THE 990 VIA EMAIL FROM THE DIRECTOR PRIOR TO THE RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C IF A CONFLICT OF INTEREST ARISES, THE DIRECTORS REVIEW AND THE AFFECTED BOARD MEMBER RESIGNS IF APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A STATISTICAL DATA IS PROVIDED BY THE FLORIDA COUNCIL OF INDEPENDENT SCHOOLS AND THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. IN ADDITION, THE DIRECTOR HAS AN ANNUAL REVIEW CONDUCTED BY BOARD MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 4562 - ELECTING OUT OF BONUS DEPRECIATION ALLOWANCE FOR ELIGIBLE PROP. THE CORNERSTONE SCHOOL, INC. ELECTS OUT OF THE FIRST-YEAR BONUS DEPRECIATION ALLOWANCE UNDER IRC SECTION 168(K)(7) FOR ALL ELIGIBLE DEPRECIABLE PROPERTY PLACED IN SERVICE DURING THE TAX YEAR.