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Nonprofit · EIN 31-1549327

CORNERSTONE CHRISTIAN ACADEMY INC

Tax-exempt · WILLOUGHBY, OH 44094

Financials

$4.4M$4.3M2023
Revenue Expenses · by fiscal year end
Financials of CORNERSTONE CHRISTIAN ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990$4,391,762$4,264,165$127,597$2,997,391$490,273$2,507,118
Financial details: 990 for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$42,117
Program service revenue
$4,204,748
Investment income
$89,592
Other revenue
$55,305

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$2,221,721
Salaries, compensation and benefits (total)
$2,673,527
Professional fundraising fees
$0
Accounting fees
$2,550
Occupancy
$566,025
Depreciation
$52,396
Program services (functional)
$3,389,007
Management and general (functional)
$875,158

Balance sheet and other

Total assets, start of year
$5,423,428
Total assets, end of year
$2,997,391
Total liabilities, end of year
$490,273
Net assets, end of year
$2,507,118
Land, buildings and equipment
$661,692
Net assets without donor restrictions
$2,492,443
Net assets with donor restrictions
$14,675
Gross receipts
$4,391,762
Employees
87
Volunteers
47
Year formed
2000
State of legal domicile
OH

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2024, highest compensation first.

NameTitleHours / weekCompensation
JULIE BELICHDIRECTOR/TRU
Trustee or director
–$0
RICHARD HANSENVICE-PRESIDE
Trustee or director, Officer
–$0
DAN HUFFMANDIRECTOR/TRU
Trustee or director
–$0
JAMES O'LEARYPRESIDENT
Trustee or director, Officer
–$0
LENORA PRICEDIRECTOR/TRU
Trustee or director
–$0
CHARLES RUTHTREASURER
Trustee or director, Officer
–$0
CAROLE TERKELSENSECRETARY
Trustee or director, Officer
–$0
RANDY VERDIDIRECTOR/TRU
Trustee or director
–$0

Address and contacts

Address (IRS master file)
2846 SOM CENTER ROAD, WILLOUGHBY, OH 44094-8912
In care of
% SANDRA ORTIZ
Principal officer (990 for 2023)
JAMES O'LEARY, 2846 SOM CENTER RD, WILLOUGHBY HILLS, OH 44094
Signed the 990
LENORA PRICE, DIRECTOR/TRUSTEE
Phone
(440) 943-9260
Return prepared by
GALLOVIC GRANITO AND CO LTD

Mission

CORNERSTONE CHRISTIAN ACADEMY (CCA) OPERATES A K4 THROUGH 12TH GRADE EDUCATION PROGRAM FOR APPROXIMATELY 500 STUDENTS, PROVIDING A COMPLETE EDUCATIONAL EXPERIENCE TO THE YOUTH OF OUR SURROUNDING COMMUNITIES. CCA EDUCATES STUDENTS WITH LIFE SKILLS AND KNOWLEDGE THEY NEED TO SUCCESSFULLY NAVIGATE AND LEAD IN OUR WORLD.

990 for the year ended June 30, 2024

Program accomplishments

  • APPROXIMATELY 500 STUDENTS WERE SERVED IN THE COMPLETE EDUCATIONAL EXPERIENCE OF OUR ELEMENTARY AND SECONDARY EDUCATION PROGRAMS DURING THE SCHOOL YEAR. CORNERSTONE CHRISTIAN ACADEMY (CCA) IS A COEDUCATIONAL, NONDENOMINATIONAL CHRISTIAN PRIVATE SCHOOL SERVING GRADES K4-12 IN WILLOUGHBY HILLS, OHIO.
    Expenses $3,389,007 · revenue $4,204,748

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
31-1549327
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1999
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B20)
Assets (IRS master file)
$2,997,391
Income (IRS master file)
$4,391,762

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2024$4,391,762$4,264,165$2,997,391XML
990June 2023$4,321,933$3,470,975$5,423,428IRS
990June 2022–––IRS
990June 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1549327).

Questions about CORNERSTONE CHRISTIAN ACADEMY INC

What is the EIN of CORNERSTONE CHRISTIAN ACADEMY INC?
The employer identification number (EIN) of CORNERSTONE CHRISTIAN ACADEMY INC is 31-1549327.
Is CORNERSTONE CHRISTIAN ACADEMY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to CORNERSTONE CHRISTIAN ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CORNERSTONE CHRISTIAN ACADEMY INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CORNERSTONE CHRISTIAN ACADEMY INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CORNERSTONE CHRISTIAN ACADEMY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2024.
Who is the principal officer of CORNERSTONE CHRISTIAN ACADEMY INC?
The 990 for the year ended June 30, 2024 names JAMES O'LEARY.
Who are the officers and directors of CORNERSTONE CHRISTIAN ACADEMY INC?
The 990 for the year ended June 30, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does CORNERSTONE CHRISTIAN ACADEMY INC have?
On its 990 for the year ended June 30, 2024 it reported revenue of $4,391,762, expenses of $4,264,165 and total assets of $2,997,391 at year end.

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