2024-05-15T14:05:38-04:00 2023-06-30 590548468 PURVIS GRAY & COMPANY LLP 2347 SE 17TH STREET OCALA FL 34471 990 2022-07-01 592217451 THE CORNERSTONE SCHOOL INC CORN 3523518840 2313 SE LAKE WEIR AVENUE OCALA FL 34471 INGRID WASSERFALL DIRECTOR OF SCHOOL 3523518840 2024-05-09 true INGRID WASSERFALL XXX-XX-XXXX true TIMOTHY M WESTGATE CPA P00631621 3527323872 2024-05-09 2022 2023-04-26 12:10:37Z INGRID WASSERFALL 2313 SE LAKE WEIR AVENUE OCALA FL 34471 4271017 false 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. 14 14 93 200 0 276115 317701 3446154 3895468 1008 5224 -54279 -36608 3668998 4181785 89493 69653 0 1990244 2273237 0 0 1134195 1276743 3213932 3619633 455066 562152 6647373 6804505 2857635 2452615 3789738 4351890 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. false false 2438757 69653 3895183 TO PROVIDE A PRIVATE EDUCATIONAL ENVIRONMENT FOR PRESCHOOL THROUGH MIDDLE SCHOOL AGED CHILDREN. THE SCHOOL SERVES APPROXIMATELY 299 STUDENTS. 2438757 true true false false false false false false false true true false false false false true false false true false false false false false true false false false true true false false false false false false true false true false false false false false false false false true 18 0 93 true false false false false false true true false false false false false false X 14 14 false false false false true true false true false false false false true true true true true true false false X INGRID WASSERFALL 3523518840 2313 SE LAKE WEIR AVE OCALA FL 34471 INGRID WASSERFALL DIRECTOR OF 40.00 X 161966 0 5569 BONNIE FARR PRESIDENT 1.50 X X 0 0 0 ARA MANOOGIAN VICE-PRESIDE 1.50 X X 0 0 0 ROBERT DAVIES TREASURER 1.50 X X 0 0 0 ROBERT ALTMAN SECRETARY 1.50 X X 0 0 0 DAVID MARTIN CHAIR OF GOV 1.50 X 0 0 0 CARA WIECHENS CHAIR OF DEV 1.50 X 0 0 0 DARYLE GREEN BOARD MEMBER 1.50 X 0 0 0 AMY PITTMAN BOARD MEMBER 1.50 X 0 0 0 DANE SCHLINSKY BOARD MEMBER 1.50 X 0 0 0 LINDA STRUVE-DOERFLEIN BOARD MEMBER 1.50 X 0 0 0 JEFF GOLD BOARD MEMBER 1.50 X 0 0 0 REBECCA GUTHRIE BOARD MEMBER 1.50 X 0 0 0 SALLY WATERS BOARD MEMBER 1.50 X 0 0 0 KEVIN KEEN BOARD MEMBER 1.50 X 0 0 0 161966 5569 1 false true false 165638 152063 38914 317701 TUITION INCOME 611600 3087929 3087929 SUMMER PROGRAMS 611600 241527 241527 STUDENT EVENT INCOME 611600 188170 188170 REGISTRATIONS 611600 123340 123340 EXTENDED DAY PROGRAM 611600 81042 81042 173460 173460 3895468 5509 5509 285 -285 -285 -285 52339 165638 88947 -36608 -36608 4181785 3895183 -31099 69653 69653 183797 183797 1773622 1204949 568673 26637 19603 7034 148495 92245 56250 140686 87633 53053 8442 5213 3229 19743 12191 7552 16037 9902 6135 146737 123915 22822 231541 142971 88570 32010 32010 99629 61519 38110 206570 127551 79019 114589 93633 20956 SCHOOL EVENTS & FIELD TRI 186577 186577 SUMMER CAMP 67307 67307 DUES & MEMBERSHIPS 56621 34951 21670 BOARD APPROVED EXPENDITUR 35720 22056 13664 55220 44878 10342 3619633 2438757 1180876 0 2076321 1085466 502780 390678 32873 36446 13260 18331 5233084 1322517 3977455 3910567 1314536 37184 32101 7500 16380 6647373 6804505 145462 167680 385668 344682 2326505 1940253 2857635 2452615 X 3785538 4347690 4200 4200 3789738 4351890 6647373 6804505 X 562152 X true X false true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2500 2500 2500 2500 2500 2500 31811 29311 2500 2500 29311 31811 1.00000 false false 174600 174600 4538580 974714 3563866 519904 347803 172101 3910567 X 4172228 4172228 9557 9557 4181785 3610076 60096 60096 3549980 69653 69653 3619633 SCHEDULE D, PAGE 2, PART V, LINE 4 THE SCHOOL'S ENDOWMENT FUNDS ARE TO BE HELD INDEFINITELY FOR GENERAL PURPOSES OF THE SCHOOL. FOUR YEARS AGO, A DONATION WAS GIVEN FOR CONSTRUCTION. IT IS HELD AS TEMPORARILY RESTRICTED UNTIL THE YEAR IN WHICH IT WAS USED FOR THE PURPOSE GIVEN. SCHEDULE D, PAGE 3, PART X 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. SCHEDULE D, PAGE 4, PART XI, LINE 4B TUITION AWARDS REPORTED AS EXPENSE 69,653 DIRECT FUNDRAISING EXPENSES -88,947 NONCASH DONATIONS 38,914 MISC EXPENSES REPORTED UNDER MISC. REVENUE 77 REIMB OF EXPENSE REPORTED AS REVENUE -10,140 SCHEDULE D, PAGE 4, PART XII, LINE 2D FUNDRAISER EXPENSES REPORTED UNDER REVENUE 60,173 MISC & OTHER EXPENSES REPORTED UNDER REVENUES -77 SCHEDULE D, PAGE 4, PART XII, LINE 4B TUITION AWARDS REPORTED AS EXPENSE 69,653 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 ADMISSIONS MATERIALS AND THE ORGANIZATION'S WEBSITE STATE THAT CORNERSTONE SCHOOL DOES NOT DISCRIMINATE ON THE BASIS OF RACE, RELIGION OR GENDER. SCHEDULE E, LINE 6 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 1OF 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 175889 137111 38778 1962 32146 4338 30475 AUCTION 34835 26727 8108 8108 6465 210724 163838 46886 10070 32146 4338 36940 83494 -36608 false TUITION ASSISTANCE 18 49832 FMV REDUCED TUITION EMPLOYEE DISCOUNTS 14 19821 FMV REDUCED TUITION SCHEDULE I, PAGE 1, 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 false false false false false false false false false INGRID WASSERFALL DIRECTOR OF SCHOOL 161966 4675 894 167535 SCHEDULE J, PAGE 1, PART I, LINE 3 THE COMPENSATION OF THE DIRECTOR OF SCHOOL IS REVIEWED AND APPROVED BY THE HEAD SUPPORT COMMITTEE OF THE BOARD OF DIRECTORS OF THE ORGANIZATION ON A YEARLY BASIS. JEFF GOLD BOARD MEMBER 23651 COMPENSATION false SCHEDULE L, PART V JEFF GOLD IS A BOARD MEMBER. HIS STEP-DAUGHTER (FAMILY MEMBER), MARISSA RAMNAUTH, IS A TEACHER'S ASSISTANT. MARISSA'S TEACHER'S ASSISTANT COMPENSATION FOR THE YEAR WAS 23,651. X 45 26400 MV X GIFT BASKETS 13 2640 FMV X HEALTH PACKAGE 2 2360 FMV X SPORTING EVENT 2 370 FMV X SPECIALTY ITEMS 9 7144 FMV false false false SCHEDULE M, PAGE 2, PART II THE AMOUNTS REPORTED IN COLUMN (B) REFLECT THE NUMBER OF CONTRIBUTIONS. FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 7A BOARD MEMBERS ARE ELECTED AND APPOINTED BY A 51% MAJORITY OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 8B DOCUMENTED MINUTES WERE NOT PREPARED FOR A MAJORITY OF MEETINGS OF THE FINANCE COMMITTEE. FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 12C IF A CONFLICT OF INTEREST ARISES, THE DIRECTORS REVIEW AND THE AFFECTED BOARD MEMBER RESIGNS IF APPROPRIATE. FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 TUITION AWARDS REPORTED AS EXPENSE -69,653 DIRECT FUNDRAISING EXPENSES 88,947 NONCASH DONATIONS -38,914 MISC EXPENSES REPORTED UNDER MISC. REVENUE -77 REIMB OF EXPENSE REPORTED AS REVENUE 10,140 FUNDRAISER EXPENSES REPORTED UNDER REVENUE -60,173 MISC & OTHER EXPENSES REPORTED UNDER REVENUES 77 TUITION AWARDS REPORTED AS EXPENSE 69,653