Nonprofit · EIN 84-1843718
CORNERSTONE PREPARATORY SCHOOL INC
Tax-exempt · MADISONVILLE, KY 42431
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | -$7,629 | $19,558 | -$27,187 | $18,375 | – | $18,375 |
| June 30, 2024 | 990 | $486,443 | $491,796 | -$5,353 | $48,495 | $2,933 | $45,562 |
| June 30, 2023 | 990 | $700,483 | $699,889 | $594 | $56,496 | $5,581 | $50,915 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $16,510
- Program service revenue
- $1,264
- Net gain from sales of assets
- -$25,403
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $10,566
- Other expenses
- $8,992
- Program services (functional)
- $11,336
Balance sheet and other
- Total assets, start of year
- $48,752
- Total assets, end of year
- $18,375
- Total liabilities, end of year
- –
- Net assets, end of year
- $18,375
- Cash, savings and investments
- $2,880
- Gross receipts
- $17,774
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-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Amber Baker | Director | 2 | $0 |
| Anthony Knight | Treasurer | 2 | $0 |
| Tim Morgan | Vice President | 2 | $0 |
| Ryan Sizemore | Director | 2 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Amber Baker | Director Trustee or director | 2 | $0 |
| Anthony Knight | Treasurer Trustee or director | 2 | $0 |
| Tim Morgan | Vice President Trustee or director | 2 | $0 |
| Ryan Sizemore | Director Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Amber Baker | Director Trustee or director | 2 | $0 |
| Anthony Knight | Treasurer Trustee or director | 2 | $0 |
| Tim Morgan | Vice President Trustee or director | 2 | $0 |
| Ryan Sizemore | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 145 EAST CENTER ST, MADISONVILLE, KY 42431-2075
- Signed the 990-EZ
- Anthony Knight, Treasurer
- Phone
- (270) 841-7540
- Website
- cornerstone-prep.com
- Return prepared by
- KNIGHT WAGNER PLLC
Mission
Cornerstone Preparatory School offered a distinctly different education for kindergarten through 12th grade. Fully-accredited education was offered through the lens of a Biblical world view which prepares our students for college, career, and life. It is our hope that students who are graduated from Cornerstone Prep will develop exemplary strengths, be ready to succeed in whatever path they choose in life, and fully contribute to our community.
Program accomplishments
- Initially organized in May 2019, Cornerstone Prep has completed four years of offering fully-accredited education to kindergarten through 12th grade. This education is offered through the lens of a Biblical world view which prepares our students for college, career, and life. Subsequent to the fourth year, the school has closed. The organization will be dissolved upon the distribution of assets for one or more exempt purposes according to the Dissolution Clause of our Articles of Incorporation.Expenses $11,336
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-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 84-1843718
- 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
- 2019
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $18,375
- Income (IRS master file)
- $17,774
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | -$7,629 | $19,558 | $18,375 | XML |
| 990 | June 2024 | $486,443 | $491,796 | $48,495 | IRS |
| 990 | June 2023 | $700,483 | $699,889 | $56,496 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | 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 84-1843718).
Questions about CORNERSTONE PREPARATORY SCHOOL INC
- What is the EIN of CORNERSTONE PREPARATORY SCHOOL INC?
- The employer identification number (EIN) of CORNERSTONE PREPARATORY SCHOOL INC is 84-1843718.
- Is CORNERSTONE PREPARATORY SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to CORNERSTONE PREPARATORY SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE PREPARATORY SCHOOL INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CORNERSTONE PREPARATORY 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 CORNERSTONE PREPARATORY SCHOOL INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who are the officers and directors of CORNERSTONE PREPARATORY SCHOOL INC?
- The 990-EZ for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does CORNERSTONE PREPARATORY SCHOOL INC have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of -$7,629, expenses of $19,558 and total assets of $18,375 at year end.
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