Nonprofit · EIN 59-3646631
CORNERSTONE ACADEMY AND MINISTRIES INC
Tax-exempt · GAINESVILLE, FL 32635
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2026 | 990 | $1,286,368 | $1,750,289 | -$463,921 | $481,310 | $15,711 | $465,599 |
| June 30, 2025 | 990 | $1,650,667 | $1,468,733 | $181,934 | $945,024 | $15,504 | $929,520 |
| June 30, 2024 | 990 | $1,730,307 | $1,360,167 | $370,140 | $750,556 | $2,970 | $747,586 |
| June 30, 2023 | 990 | $1,402,992 | $1,237,857 | $165,135 | $395,038 | $17,592 | $377,446 |
Financial details: 990 for the year ended June 30, 2026
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,212,654
- Investment income
- $9,577
- Net income from fundraising events
- $64,137
- Other revenue
- $64,137
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $1,179,318
- Salaries, compensation and benefits (total)
- $1,270,282
- Professional fundraising fees
- $0
- Legal fees
- $53,000
- Accounting fees
- $2,195
- Occupancy
- $227,745
- Travel
- $1,193
- Depreciation
- $1,726
- Program services (functional)
- $1,701,576
- Management and general (functional)
- $48,713
Balance sheet and other
- Total assets, start of year
- $945,024
- Total assets, end of year
- $481,310
- Total liabilities, end of year
- $15,711
- Net assets, end of year
- $465,599
- Land, buildings and equipment
- $5,564
- Net assets without donor restrictions
- $465,599
- Gross receipts
- $1,286,368
- Employees
- 41
- Volunteers
- 30
- Year formed
- 2001
- 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, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shirley Campen | Vice President Trustee or director | 1 | $0 |
| Rodolfo Valladares | Director Trustee or director | 1 | $0 |
| Barnett Chenault | President Trustee or director | 10 | $0 |
| Carrie Mengelkoch | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2025: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shirley Campen | Vice President Trustee or director | 5 | $0 |
| Rodolfo Valladares | Director Trustee or director | 5 | $0 |
| Barnett Chenault | President Trustee or director | 5 | $0 |
| Christina Fischer | Treasurer Trustee or director | 5 | $0 |
| Kristy Currier | Secretary Trustee or director | 5 | $0 |
| Carrie Mengelkoch | Director Trustee or director | 5 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shirley Campen | Vice President Trustee or director | 5 | $0 |
| Rodolfo Valladares | Director Trustee or director | 5 | $0 |
| Barnett Chenault | President Trustee or director | 5 | $0 |
| Christina Fischer | Treasurer Trustee or director | 5 | $0 |
| Kristy Currier | Secretary Trustee or director | 5 | $0 |
| Carrie Mengelkoch | Director Trustee or director | 5 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shirley Campen | Director Trustee or director | 5 | $0 |
| Alfredo Palmer | President Trustee or director | 5 | $0 |
| Barnett Chenault | Director Trustee or director | 5 | $0 |
| Christina Fischer | Treasurer Trustee or director | 5 | $0 |
| Kristy Currier | Secretary Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 357430, GAINESVILLE, FL 32635-7430
- In care of
- % CRAIG MORRISON
- Signed the 990
- Barnett Chenault, President
- Phone
- (352) 378-9337
- Website
- www.cornerstone.st
- Return prepared by
- John D Swanner CPA
Mission
Cornerstone Academy's mission is to assist in providing an excellent classical education and in building Godly character founded on a biblical worldview resulting in passionate disciples of Jesus Christ.
Program accomplishments
- The primary purpose of Cornerstone Academy and Ministries, Inc, is as follows: 1To provide educational services including but not limited to preschool, elementary, middle school, high school and adult education. 2Other services may include but are not limited to tutoring, curriculum development, consulting, remediation, testing, training, internet seminars and written materials. 3 All education and services shall be predicated upon biblical Christian principles.Expenses $1,701,576 · revenue $1,222,231
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 | 990 on file |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 59-3646631
- 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
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $481,310
- Income (IRS master file)
- $1,286,368
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2026 | $1,286,368 | $1,750,289 | $481,310 | XML |
| 990 | June 2025 | $1,650,667 | $1,468,733 | $945,024 | IRS |
| 990 | June 2024 | $1,730,307 | $1,360,167 | $750,556 | XML |
| 990 | June 2023 | $1,402,992 | $1,237,857 | $395,038 | XML |
| 990 | June 2022 | $1,294,422 | $1,097,837 | $241,364 | 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 59-3646631).
Questions about CORNERSTONE ACADEMY AND MINISTRIES INC
- What is the EIN of CORNERSTONE ACADEMY AND MINISTRIES INC?
- The employer identification number (EIN) of CORNERSTONE ACADEMY AND MINISTRIES INC is 59-3646631.
- Is CORNERSTONE ACADEMY AND MINISTRIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to CORNERSTONE ACADEMY AND MINISTRIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE ACADEMY AND MINISTRIES 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 AND MINISTRIES INC due?
- The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORNERSTONE ACADEMY AND MINISTRIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2026.
- Who are the officers and directors of CORNERSTONE ACADEMY AND MINISTRIES INC?
- The 990 for the year ended June 30, 2026 lists 4 people; 0 received compensation from the organization.
- How much revenue does CORNERSTONE ACADEMY AND MINISTRIES INC have?
- On its 990 for the year ended June 30, 2026 it reported revenue of $1,286,368, expenses of $1,750,289 and total assets of $481,310 at year end.
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