Nonprofit · EIN 31-1707162
CORNERSTONE ACADEMY COMMUNITY SCHOOL
Tax-exempt · WESTERVILLE, OH 43081
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $17,887,401 | $17,593,917 | $293,484 | $42,479,946 | $41,288,319 | $1,191,627 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $17,887,401
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $3,272,729
- Salaries, compensation and benefits (total)
- $4,260,497
- Professional fundraising fees
- $0
- Legal fees
- $25,134
- Accounting fees
- $19,461
- Occupancy
- $657,162
- Depreciation
- $695,326
- Program services (functional)
- $17,593,917
Balance sheet and other
- Total assets, start of year
- $41,990,591
- Total assets, end of year
- $42,479,946
- Total liabilities, end of year
- $41,288,319
- Net assets, end of year
- $1,191,627
- Land, buildings and equipment
- $28,522,504
- Net assets without donor restrictions
- $1,191,627
- Gross receipts
- $17,887,401
- Employees
- 0
- Volunteers
- 0
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jonathan Downes | Board Vice President Trustee or director | 1 | $0 |
| Pat Cusick | Board President Trustee or director | 2 | $0 |
| Dr David Moody | Board Member Trustee or director | 1 | $0 |
| Mark Hutsko | Board Member Trustee or director | 1 | $0 |
| Shiva Scotti | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 6015 E WALNUT ST, WESTERVILLE, OH 43081-9620
- In care of
- % JAMIE SCOTT
- Mailing address (990-N for 2024)
- 6015 E Walnut St, Westerville OH 43081
- Principal officer (990 for 2024)
- C David Massa, 1030 N Main Street, North Canton, OH 44720
- Principal officer (990-N for 2024)
- ShaRona Smith, 6005 Nacot Pl, New Albany OH 43054
- Signed the 990
- C David Massa, Treasurer
- Phone
- (614) 775-0615
- Website
- www.cornerstoneacad.org
Mission
The purposes for which the school was formed, as stated in its Articles of Incorporation, are to establish and run a charter school in the state of Ohio for the benefit of the children of the community and to engage in any other activities incidental to the foregoing purposes for which a corporation may be organized under Chapter 1702 of the Ohio Revised Code; provided, however, that the Corporation is organized and shall at all times be operated exclusively within the confines of IRS 501c3.
Program accomplishments
- Instructional services for 686.1 FTEs in grades K-8 for the 2024-2025 school year.Expenses $17,593,917 · grants $5,955,583 · revenue $17,887,401
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-N on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1707162
- 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
- 2000
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B24)
- Assets (IRS master file)
- $42,479,946
- Income (IRS master file)
- $17,887,401
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2024 Officer: ShaRona Smith | June 30, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $12,572,969 | $13,337,534 | $22,857,806 | IRS |
| 990 | June 2022 | $12,231,060 | $9,444,553 | $20,737,794 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about CORNERSTONE ACADEMY COMMUNITY SCHOOL
- What is the EIN of CORNERSTONE ACADEMY COMMUNITY SCHOOL?
- The employer identification number (EIN) of CORNERSTONE ACADEMY COMMUNITY SCHOOL is 31-1707162.
- Is CORNERSTONE ACADEMY COMMUNITY SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to CORNERSTONE ACADEMY COMMUNITY SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE ACADEMY COMMUNITY SCHOOL file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CORNERSTONE ACADEMY COMMUNITY SCHOOL 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 ACADEMY COMMUNITY SCHOOL last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2024 for the year ended June 30, 2025.
- Who is the principal officer of CORNERSTONE ACADEMY COMMUNITY SCHOOL?
- The 990 for the year ended June 30, 2025 names C David Massa.
- Who are the officers and directors of CORNERSTONE ACADEMY COMMUNITY SCHOOL?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does CORNERSTONE ACADEMY COMMUNITY SCHOOL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $17,887,401, expenses of $17,593,917 and total assets of $42,479,946 at year end.
Other nonprofits in WESTERVILLE
- OTTERBEIN UNIVERSITY EIN 31-4379532 · last filed 990 for 2025
- CHILDRENS CENTER FOR DEVELOPMENTAL ENRICHMENT EIN 31-1666674 · last filed 990 for 2025
- OHIONET EIN 31-0927345 · last filed 990 for 2025
- OHIO FOUNDATION OF INDEPENDENT COLLEGES INC EIN 31-4441082 · last filed 990 for 2025
- OHCA EDUCATIONAL FOUNDATION EIN 31-1267991 · last filed 990 for 2024
- LIMA SHAWNEE SCHOLARSHIP FUND EIN 99-1585182 · last filed 990 for 2025
- WESTERVILLE CENTRAL ATHLETIC BOOSTER CLUB EIN 02-0698574 · last filed 990 for 2025
- THE GROUNDWATER FOUNDATION EIN 31-1415293 · last filed 990 for 2024