Nonprofit · EIN 45-4013739
CORNERSTONE CHARTER ACADEMY
Tax-exempt · RUTHERFORDTON, NC 28139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $16,421,061 | $16,362,052 | $59,009 | $65,788,960 | $67,000,406 | -$1,211,446 |
| June 30, 2024 | 990 | $15,718,215 | $14,750,443 | $967,772 | $40,306,094 | $41,576,549 | -$1,270,455 |
| June 30, 2023 | 990 | $15,042,441 | $12,879,994 | $2,162,447 | $38,834,288 | $41,072,515 | -$2,238,227 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $14,441,068
- of which government grants
- $14,439,583
- Program service revenue
- $52,296
- Investment income
- $1,091,996
- Net rental income
- $439,430
- Other revenue
- $835,701
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $341,686
- Other salaries and wages
- $6,861,718
- Salaries, compensation and benefits (total)
- $10,148,423
- Professional fundraising fees
- $0
- Legal fees
- $155,484
- Accounting fees
- $9,400
- Occupancy
- $199,148
- Depreciation
- $625,768
- Program services (functional)
- $12,102,060
- Management and general (functional)
- $4,259,992
Balance sheet and other
- Total assets, start of year
- $40,306,094
- Total assets, end of year
- $65,788,960
- Total liabilities, end of year
- $67,000,406
- Net assets, end of year
- -$1,211,446
- Land, buildings and equipment
- $27,184,970
- Net assets without donor restrictions
- -$1,211,446
- Gross receipts
- $16,421,061
- Employees
- 165
- Volunteers
- 25
- Year formed
- 2011
- State of legal domicile
- NC
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 |
|---|---|---|---|
| Joe Caraher | School Director Trustee or director, Key employee, Highest-paid employee | 40 | $155,730 |
| John Lawrence | School Director Trustee or director, Key employee | 40 | $104,483 |
| Claire Dobbs | Finance Manager Trustee or director, Key employee | 40 | $81,473 |
| Crystall Scillitani | Member Trustee or director | 2 | $0 |
| Cyndie Swindlehurst | President Trustee or director, Officer | 8 | $0 |
| Andrew Wright | Member Trustee or director | 2 | $0 |
| Chris Gorham | Treasurer Trustee or director, Officer | 8 | $0 |
| Jonetta Appling | Secretary Trustee or director, Officer | 8 | $0 |
| Ryan Homer | Member Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joe Caraher | School Director Trustee or director, Key employee, Highest-paid employee | 40 | $153,694 |
| John Lawrence | School Director Trustee or director, Key employee | 40 | $102,824 |
| Claire Dobbs | Finance Manager Trustee or director, Key employee | 40 | $70,840 |
| Crystall Scillitani | Member Trustee or director | 2 | $0 |
| Cyndie Swindlehurst | President Trustee or director, Officer | 8 | $0 |
| Andrew Wright | Member Trustee or director | 2 | $0 |
| Chris Gorham | Treasurer Trustee or director, Officer | 8 | $0 |
| Jonetta Appling | Secretary Trustee or director, Officer | 8 | $0 |
| Ryan Homer | Member Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joe Caraher | School Director Trustee or director, Key employee, Highest-paid employee | 40 | $135,620 |
| John Lawrence | School Director Trustee or director, Key employee | 40 | $100,684 |
| Claire Dobbs | Finance Manager Trustee or director, Key employee | 40 | $72,065 |
| Crystall Scillitani | Member Trustee or director | 2 | $0 |
| Cyndie Swindlehurst | President Trustee or director, Officer | 8 | $0 |
| Andrew Wright | Member Trustee or director | 2 | $0 |
| Chris Gorham | Treasurer Trustee or director, Officer | 8 | $0 |
| Jonetta Appling | Secretary Trustee or director, Officer | 8 | $0 |
| Ryan Homer | Member Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 86, RUTHERFORDTON, NC 28139-0086
- In care of
- % MARY CATHERINE SAUER
- Principal officer (990 for 2024)
- Cyndie Swindlehurst, 2535 New Garden East, Greensboro, NC 27455
- Signed the 990
- Joe Caraher, DIRECTOR
- Phone
- (336) 482-3855
- Return prepared by
- Darrell L Keller CPA PA
Mission
To operate a public charter school for the education of children.
Program accomplishments
- The school is a public charter school operated for the education of children for the Department of Public Instruction for the State of North Carolina.Expenses $12,102,060 · revenue $15,755,444
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 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 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4013739
- 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
- 2013
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $65,788,960
- Income (IRS master file)
- $16,421,061
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $16,421,061 | $16,362,052 | $65,788,960 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $15,718,215 | $14,750,443 | $40,306,094 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $15,042,441 | $12,879,994 | $38,834,288 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $13,898,113 | $12,085,015 | $36,926,474 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 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 45-4013739).
Questions about CORNERSTONE CHARTER ACADEMY
- What is the EIN of CORNERSTONE CHARTER ACADEMY?
- The employer identification number (EIN) of CORNERSTONE CHARTER ACADEMY is 45-4013739.
- Is CORNERSTONE CHARTER ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to CORNERSTONE CHARTER ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE CHARTER ACADEMY 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 CHARTER ACADEMY 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 CHARTER ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CORNERSTONE CHARTER ACADEMY?
- The 990 for the year ended June 30, 2025 names Cyndie Swindlehurst.
- Who are the officers and directors of CORNERSTONE CHARTER ACADEMY?
- The 990 for the year ended June 30, 2025 lists 9 people; 3 received compensation from the organization, the highest $155,730 (Joe Caraher, School Director).
- How much revenue does CORNERSTONE CHARTER ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $16,421,061, expenses of $16,362,052 and total assets of $65,788,960 at year end.
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