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 |
| June 30, 2024 | 990 | $15,137,569 | $15,605,791 | -$468,222 | $41,990,591 | $41,092,448 | $898,143 |
| June 30, 2023 | 990 | $12,572,969 | $13,337,534 | -$764,565 | $22,857,806 | $21,491,441 | $1,366,365 |
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 |
990 for the year ended June 30, 2024: 5 people
| 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 |
990 for the year ended June 30, 2023: 5 people
| 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 | $17,887,401 | $17,593,917 | $42,479,946 | IRS |
| 990 | June 2024 | $15,137,569 | $15,605,791 | $41,990,591 | IRS |
| 990 | June 2023 | $12,572,969 | $13,337,534 | $22,857,806 | XML |
| 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 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 31-1707162).
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.
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