Nonprofit · EIN 74-3169328
CORNERSTONE ACADEMY INC
Also known as RHONDA NICOLE BUCHANAN MBR
Tax-exempt · MORRISTOWN, TN 37816
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $34,851,156 | $21,929,021 | $12,922,135 | $128,062,846 | $4,576,104 | $123,486,742 |
| July 31, 2024 | 990 | $1,807,275 | $1,843,572 | -$36,297 | $111,546,213 | $2,118,251 | $109,427,962 |
| June 30, 2024 | 990 | $37,225,087 | $22,813,282 | $14,411,805 | $111,140,633 | $1,676,374 | $109,464,259 |
| June 30, 2023 | 990 | $22,282,322 | $20,719,373 | $1,562,949 | $94,645,818 | $1,007,972 | $93,637,846 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $20,257,991
- Program service revenue
- $12,996,556
- Investment income
- $1,011,540
- Net gain from sales of assets
- -$103,612
- Other revenue
- $585,069
Expenses
- Grants and similar amounts paid
- $3,738,875
- Other salaries and wages
- $10,028,153
- Salaries, compensation and benefits (total)
- $10,998,653
- Professional fundraising fees
- $0
- Occupancy
- $618,751
- Depreciation
- $3,366,098
- Program services (functional)
- $19,344,576
- Management and general (functional)
- $2,516,809
- Fundraising (functional)
- $67,636
Balance sheet and other
- Total assets, start of year
- $111,546,213
- Total assets, end of year
- $128,062,846
- Total liabilities, end of year
- $4,576,104
- Net assets, end of year
- $123,486,742
- Land, buildings and equipment
- $67,566,710
- Gross receipts
- $37,554,074
- Employees
- 336
- Volunteers
- 45
- Year formed
- 2006
- State of legal domicile
- TN
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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT A JENKINS | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| LEAH TAYLOR | SECRETARY Trustee or director, Officer | 2 | $0 |
| HUBERT DAVIS | BOARD MEMBER Trustee or director | 2 | $0 |
| TRAVIS JENKINS | BOARD MEMBER Trustee or director | 2 | $0 |
| POLLY OWEN | BOARD MEMBER Trustee or director | 2 | $0 |
| AARON PORTER | BOARD MEMBER Trustee or director | 2 | $0 |
| TOM STEWART | BOARD MEMBER Trustee or director | 2 | $0 |
| ROBERT F BROWN | EXECUTIVE DIRECTOR Trustee or director, Officer | 2 | $0 |
| TYLER D VINEYARD | TREASURER Officer | 2 | $0 |
990 for the year ended July 31, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT A JENKINS | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| LEAH TAYLOR | SECRETARY Trustee or director, Officer | 2 | $0 |
| HUBERT DAVIS | BOARD MEMBER Trustee or director | 2 | $0 |
| TRAVIS JENKINS | BOARD MEMBER Trustee or director | 2 | $0 |
| POLLY OWEN | BOARD MEMBER Trustee or director | 2 | $0 |
| AARON PORTER | BOARD MEMBER Trustee or director | 2 | $0 |
| TOM STEWART | BOARD MEMBER Trustee or director | 2 | $0 |
| ROBERT F BROWN | BOARD MEMBER Trustee or director | 2 | $0 |
| KEVIN CLINE | BOARD MEMBER Trustee or director | 2 | $0 |
| BRITT STONE | BOARD MEMBER Trustee or director | 2 | $0 |
| DAVID MCVICKER | BOARD MEMBER Trustee or director | 2 | $0 |
| RAGAN LONG | BOARD MEMBER Trustee or director | 2 | $0 |
| BRANDON PARKER | BOARD MEMBER Trustee or director | 2 | $0 |
| TYLER D VINEYARD | TREASURER Officer | 2 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT A JENKINS | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| LEAH TAYLOR | SECRETARY Trustee or director, Officer | 2 | $0 |
| HUBERT DAVIS | BOARD MEMBER Trustee or director | 2 | $0 |
| TRAVIS JENKINS | BOARD MEMBER Trustee or director | 2 | $0 |
| POLLY OWEN | BOARD MEMBER Trustee or director | 2 | $0 |
| AARON PORTER | BOARD MEMBER Trustee or director | 2 | $0 |
| TOM STEWART | BOARD MEMBER Trustee or director | 2 | $0 |
| ROBERT F BROWN | BOARD MEMBER Trustee or director | 2 | $0 |
| KEVIN CLINE | BOARD MEMBER Trustee or director | 2 | $0 |
| BRITT STONE | BOARD MEMBER Trustee or director | 2 | $0 |
| DAVID MCVICKER | BOARD MEMBER Trustee or director | 2 | $0 |
| RAGAN LONG | BOARD MEMBER Trustee or director | 2 | $0 |
| BRANDON PARKER | BOARD MEMBER Trustee or director | 2 | $0 |
| TYLER D VINEYARD | TREASURER Officer | 2 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT A JENKINS | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| LEAH TAYLOR | SECRETARY Trustee or director, Officer | 2 | $0 |
| HUBERT DAVIS | BOARD MEMBER Trustee or director | 2 | $0 |
| TRAVIS JENKINS | BOARD MEMBER Trustee or director | 2 | $0 |
| POLLY OWEN | BOARD MEMBER Trustee or director | 2 | $0 |
| AARON PORTER | BOARD MEMBER Trustee or director | 2 | $0 |
| TOM STEWART | BOARD MEMBER Trustee or director | 2 | $0 |
| ROBERT F BROWN | BOARD MEMBER Trustee or director | 2 | $0 |
| KEVIN CLINE | BOARD MEMBER Trustee or director | 2 | $0 |
| BRITT STONE | BOARD MEMBER Trustee or director | 2 | $0 |
| DAVID MCVICKER | BOARD MEMBER Trustee or director | 2 | $0 |
| RAGAN LONG | BOARD MEMBER Trustee or director | 2 | $0 |
| BRANDON PARKER | BOARD MEMBER Trustee or director | 2 | $0 |
| TYLER D VINEYARD | TREASURER Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2159, MORRISTOWN, TN 37816-2159
- In care of
- % DAVID E NORTH
- Principal officer (990 for 2024)
- ROBERT BROWN, 4801 S DAVY CROCKETT PARKWAY, MORRISTOWN, TN 37813
- Signed the 990
- TYLER D VINEYARD, TREASURER
- Phone
- (423) 307-1189
- Website
- WWW.LCSTN.ORG
- Return prepared by
- COULTER & JUSTUS PC
Mission
SEE SCHEDULE O
Program accomplishments
- PARTNERING WITH FAMILIES TO PROVIDE A CHRIST-CENTERED AND ACADEMICALLY CHALLENGING EDUCATION, EQUIPPING STUDENTS WITH A BIBLICAL WORLDVIEW AND A HEART FOR CHRIST, THAT THEY MAY GROW IN WISDOM, STATURE AND IN FAVOR WITH GOD AND MAN.Expenses $19,344,576 · grants $3,738,875 · revenue $13,581,625
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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 74-3169328
- 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
- 2008
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B240)
- Assets (IRS master file)
- $128,062,846
- Income (IRS master file)
- $37,554,074
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $34,851,156 | $21,929,021 | $128,062,846 | XML |
| 990 | July 2024 | $1,807,275 | $1,843,572 | $111,546,213 | XML |
| 990 | June 2024 | $37,225,087 | $22,813,282 | $111,140,633 | IRS |
| 990 | June 2023 | $22,282,322 | $20,719,373 | $94,645,818 | XML |
| 990 | June 2022 | $28,492,042 | $17,366,086 | $93,751,320 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 74-3169328).
Questions about CORNERSTONE ACADEMY INC
- What is the EIN of CORNERSTONE ACADEMY INC?
- The employer identification number (EIN) of CORNERSTONE ACADEMY INC is 74-3169328.
- Is CORNERSTONE ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to CORNERSTONE ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE 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 ACADEMY INC due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORNERSTONE ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of CORNERSTONE ACADEMY INC?
- The 990 for the year ended July 31, 2025 names ROBERT BROWN.
- Who are the officers and directors of CORNERSTONE ACADEMY INC?
- The 990 for the year ended July 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does CORNERSTONE ACADEMY INC have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $34,851,156, expenses of $21,929,021 and total assets of $128,062,846 at year end.
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