Nonprofit · EIN 36-3964772
CORNERSTONE ACADEMY
Tax-exempt · OAK PARK, IL 60304
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $244,699 | $329,506 | -$84,807 | $111,418 | $4,446 | $106,972 |
| June 30, 2024 | 990 | $339,889 | $319,672 | $20,217 | $275,482 | $83,703 | $191,779 |
| June 30, 2023 | 990 | $342,767 | $342,995 | -$228 | $215,996 | $43,938 | $172,058 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $207,750
- Program service revenue
- $36,653
- Investment income
- $0
- Other revenue
- $296
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $70,000
- Other salaries and wages
- $149,876
- Salaries, compensation and benefits (total)
- $244,203
- Professional fundraising fees
- $0
- Accounting fees
- $12,490
- Occupancy
- $41,916
- Depreciation
- $5,263
- Program services (functional)
- $294,393
- Management and general (functional)
- $29,215
- Fundraising (functional)
- $5,898
Balance sheet and other
- Total assets, start of year
- $275,482
- Total assets, end of year
- $111,418
- Total liabilities, end of year
- $4,446
- Net assets, end of year
- $106,972
- Land, buildings and equipment
- $32,359
- Net assets without donor restrictions
- $106,972
- Gross receipts
- $244,699
- Employees
- 9
- Year formed
- 1996
- State of legal domicile
- IL
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 |
|---|---|---|---|
| Jeffrey Fields | Principal Trustee or director | 40 | $70,000 |
| Clarence Howard | Preseident Trustee or director, Officer | 3 | $0 |
| Leslie McCants | Vice President Trustee or director, Officer | 3 | $0 |
| Ariel Correa | Director Trustee or director | 3 | $0 |
| Richard Van der Molen | Treasurer Trustee or director, Officer | 3 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jeffrey Fields | Principal Trustee or director | 40 | $70,000 |
| William Seitz | Director Trustee or director | 20 | $22,000 |
| Peggy Snowden | Preseident Trustee or director, Officer | 3 | $0 |
| Clarence Howard | Vice President Trustee or director, Officer | 3 | $0 |
| Cassie Eng | Director Trustee or director | 3 | $0 |
| Richard Van der Molen | Treasurer Trustee or director, Officer | 3 | $0 |
| Ed Mason | Secretary Trustee or director, Officer | 3 | $0 |
| Tiffani Boerio | Director Trustee or director | 3 | $0 |
| Jordan Bley | Director Trustee or director | 3 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFERY FIELDS | PRINCIPAL Trustee or director | 40 | $55,416 |
| WILLIAM SEITZ | DIRECTOR Trustee or director | 20 | $24,166 |
| RICHARD VANDER MOLEN | VICE-TREASURER Trustee or director, Officer | 3 | $0 |
| ED MASON | DIRECTOR Trustee or director | 3 | $0 |
| CASSIE ENG | SECRETARY Trustee or director, Officer | 3 | $0 |
| TIFFANY BOERIO | DIRECTOR Trustee or director | 3 | $0 |
| CLARENCE HOWARD | VICE-PRESIDENT Trustee or director, Officer | 3 | $0 |
| PEGGY SNOWDEN | PRESIDENT Trustee or director, Officer | 3 | $0 |
| JORDAN BLEY | TREASURER Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 607 HARVARD ST, OAK PARK, IL 60304-2015
- Principal officer (990 for 2024)
- Clarence Howard, 532 Fair Oaks Avenue, Oak Park, IL 60302
- Signed the 990
- Richard Van der Molen, Treasurer
- Phone
- (847) 284-6884
- Website
- www.cornerstonechicago.org
- Return prepared by
- James M Babic PC
Mission
Our mission is to provide a supportive Christian education for students who may benefit from personalized attention as they work toward a high school diploma while developing tools for self-sufficiency and a Christian life ethic.
Program accomplishments
- Cornerstone Academy is a private high school serving the Chicagoland area, and is a State Recognized School by the Illinois State Board of Education (ISBE)and is accredited by Cognia Advanced Ed.Expenses $294,393
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
- 36-3964772
- 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
- 1996
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99B)
- Assets (IRS master file)
- $111,418
- Income (IRS master file)
- $244,699
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $244,699 | $329,506 | $111,418 | XML |
| 990 | June 2024 | $339,889 | $319,672 | $275,482 | XML |
| 990 | June 2023 | $342,767 | $342,995 | $215,996 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | 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 36-3964772).
Questions about CORNERSTONE ACADEMY
- What is the EIN of CORNERSTONE ACADEMY?
- The employer identification number (EIN) of CORNERSTONE ACADEMY is 36-3964772.
- Is CORNERSTONE ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to CORNERSTONE ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE 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 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 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 ACADEMY?
- The 990 for the year ended June 30, 2025 names Clarence Howard.
- Who are the officers and directors of CORNERSTONE ACADEMY?
- The 990 for the year ended June 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $70,000 (Jeffrey Fields, Principal).
- How much revenue does CORNERSTONE ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $244,699, expenses of $329,506 and total assets of $111,418 at year end.
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