Nonprofit · EIN 59-2217451
THE CORNERSTONE SCHOOL INC
Tax-exempt · OCALA, FL 34471
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,487,796 | $4,677,108 | $810,688 | $8,872,428 | $2,971,805 | $5,900,623 |
| June 30, 2024 | 990 | $4,894,554 | $4,179,923 | $714,631 | $7,997,721 | $2,931,200 | $5,066,521 |
| June 30, 2023 | 990 | $4,181,785 | $3,619,633 | $562,152 | $6,804,505 | $2,452,615 | $4,351,890 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $318,837
- Program service revenue
- $5,009,351
- Investment income
- $90,154
- Net gain from sales of assets
- -$2,072
- Net income from fundraising events
- $65,906
- Other revenue
- $69,454
Expenses
- Grants and similar amounts paid
- $98,451
- Compensation of officers, directors and key employees
- $246,203
- Other salaries and wages
- $2,425,461
- Salaries, compensation and benefits (total)
- $3,074,274
- Professional fundraising fees
- $0
- Legal fees
- $14,752
- Accounting fees
- $28,462
- Occupancy
- $341,443
- Depreciation
- $230,485
- Program services (functional)
- $3,157,790
- Management and general (functional)
- $1,519,318
Balance sheet and other
- Total assets, start of year
- $7,997,721
- Total assets, end of year
- $8,872,428
- Total liabilities, end of year
- $2,971,805
- Net assets, end of year
- $5,900,623
- Land, buildings and equipment
- $4,241,802
- Publicly traded securities
- $2,183,588
- Net assets without donor restrictions
- $5,898,123
- Net assets with donor restrictions
- $2,500
- Gross receipts
- $5,558,153
- Employees
- 103
- Volunteers
- 220
- Year formed
- 1982
- State of legal domicile
- FL
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 | Other / benefits |
|---|---|---|---|---|
| INGRID WASSERFALL | DIRECTOR OF SCHOOL Officer | 60 | $224,084 | $7,436 |
| ARA MANOOGIAN | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| ROBERT DAVIES | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT ALTMAN | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| DAVID MARTIN | CHAIR OF GOVERNANCE Trustee or director | 1 | $0 | $0 |
| CARA WIECHENS | CHAIR OF DEVELOPMENT Trustee or director | 0.2 | $0 | $0 |
| DARYLE GREEN | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| DANE SCHLINSKY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| REBECCA GUTHRIE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SALLY WATERS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN KEEN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JOE JONES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF MANTZ | BOARD MEMBER Trustee or director | 4 | $0 | $0 |
| SHANNON SCHAEFFER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| SONJA NASSER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| INGRID WASSERFALL | DIRECTOR OF Officer | 65 | $193,201 | $6,876 |
| BONNIE FARR | EXITING PRES Trustee or director, Officer | 1.5 | $0 | $0 |
| ARA MANOOGIAN | PRESIDENT Trustee or director, Officer | 1.5 | $0 | $0 |
| ROBERT DAVIES | TREASURER Trustee or director, Officer | 1.5 | $0 | $0 |
| ROBERT ALTMAN | VICE PRESIDE Trustee or director, Officer | 1.5 | $0 | $0 |
| DAVID MARTIN | CHAIR OF GOV Trustee or director | 1.5 | $0 | $0 |
| CARA WIECHENS | CHAIR OF DEV Trustee or director | 1.5 | $0 | $0 |
| DARYLE GREEN | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| AMY PITTMAN | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| DANE SCHLINSKY | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| JEFF GOLD | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| REBECCA GUTHRIE | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| SALLY WATERS | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| KEVIN KEEN | EXITING BOAR Trustee or director | 1.5 | $0 | $0 |
| JOE JONES | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| JEFF MANTZ | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| SHANNON SHAELFFER | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| INGRID WASSERFALL | DIRECTOR OF Officer | 40 | $161,966 | $5,569 |
| BONNIE FARR | PRESIDENT Trustee or director, Officer | 1.5 | $0 | $0 |
| ARA MANOOGIAN | VICE-PRESIDE Trustee or director, Officer | 1.5 | $0 | $0 |
| ROBERT DAVIES | TREASURER Trustee or director, Officer | 1.5 | $0 | $0 |
| ROBERT ALTMAN | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| DAVID MARTIN | CHAIR OF GOV Trustee or director | 1.5 | $0 | $0 |
| CARA WIECHENS | CHAIR OF DEV Trustee or director | 1.5 | $0 | $0 |
| DARYLE GREEN | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| AMY PITTMAN | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| DANE SCHLINSKY | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| LINDA STRUVE-DOERFLEIN | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| JEFF GOLD | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| REBECCA GUTHRIE | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| SALLY WATERS | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| KEVIN KEEN | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2313 SE LAKE WEIR AVE, OCALA, FL 34471-5434
- Principal officer (990 for 2024)
- INGRID WASSERFALL, 2313 SE LAKE WEIR AVENUE, OCALA, FL 34471
- Signed the 990
- ARA MANOOGIAN, PRESIDENT
- Phone
- (352) 351-8840
- Website
- WWW.THECORNERSTONESCHOOL.ORG
- Return prepared by
- PURVIS GRAY & COMPANY LLP
Mission
WE PREPARE STUDENTS FOR SUCCESS IN AN EVER-CHANGING WORLD THROUGH AN INNOVATIVE CURRICULUM AND INSPRIATIONAL TEACHING THAT DEVELOPS A PASSION FOR LEARNING.
Program accomplishments
- TO PROVIDE A PRIVATE EDUCATIONAL ENVIRONMENT FOR PRESCHOOL THROUGH MIDDLE SCHOOL AGED CHILDREN. THE SCHOOL SERVES APPROXIMATELY 309 STUDENTS.Expenses $3,157,790 · grants $98,451 · revenue $5,009,351
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
- 59-2217451
- 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
- 1983
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,872,428
- Income (IRS master file)
- $5,558,153
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,487,796 | $4,677,108 | $8,872,428 | XML |
| 990 | June 2024 | $4,894,554 | $4,179,923 | $7,997,721 | IRS |
| 990 | June 2023 | $4,181,785 | $3,619,633 | $6,804,505 | XML |
| 990 | June 2022 | $3,668,998 | $3,213,932 | $6,647,373 | 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 59-2217451).
Questions about THE CORNERSTONE SCHOOL INC
- What is the EIN of THE CORNERSTONE SCHOOL INC?
- The employer identification number (EIN) of THE CORNERSTONE SCHOOL INC is 59-2217451.
- Is THE CORNERSTONE SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to THE CORNERSTONE SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE CORNERSTONE SCHOOL 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 THE CORNERSTONE SCHOOL INC 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 THE CORNERSTONE SCHOOL INC 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 THE CORNERSTONE SCHOOL INC?
- The 990 for the year ended June 30, 2025 names INGRID WASSERFALL.
- Who are the officers and directors of THE CORNERSTONE SCHOOL INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $224,084 (INGRID WASSERFALL, DIRECTOR OF SCHOOL).
- How much revenue does THE CORNERSTONE SCHOOL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,487,796, expenses of $4,677,108 and total assets of $8,872,428 at year end.
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