Nonprofit · EIN 87-4206679
CORNERSTONE COMMUNITY SCHOOL ASSOCIATION
Tax-exempt · LAWRENCE, KS 66046
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $432,581 | $438,390 | -$5,809 | $20,809 | $18,264 | $2,545 |
| June 30, 2024 | 990 (amended) | $293,733 | $300,583 | -$6,850 | $8,948 | $0 | $8,948 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $97,588
- Program service revenue
- $330,879
- Investment income
- $3,912
- Net income from fundraising events
- $202
- Other revenue
- $202
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $37,597
- Other salaries and wages
- $251,334
- Salaries, compensation and benefits (total)
- $314,867
- Professional fundraising fees
- $0
- Legal fees
- $2,355
- Accounting fees
- $180
- Occupancy
- $44,769
- Program services (functional)
- $373,148
- Management and general (functional)
- $50,582
- Fundraising (functional)
- $14,660
Balance sheet and other
- Total assets, start of year
- $8,948
- Total assets, end of year
- $20,809
- Total liabilities, end of year
- $18,264
- Net assets, end of year
- $2,545
- Net assets without donor restrictions
- $2,545
- Gross receipts
- $435,108
- Employees
- 15
- Volunteers
- 35
- Year formed
- 2022
- State of legal domicile
- KS
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 |
|---|---|---|---|
| Madeline Herrera | Director Trustee or director | 60 | $33,327 |
| Bailey Pike | Director Trustee or director | 50 | $4,270 |
| Emily Gullickson | Director Trustee or director | 10 | $0 |
| Karen Jorgenson | Director Trustee or director | 10 | $0 |
| Leila Ahvarhoush | Director Trustee or director | 10 | $0 |
| Eliza Darmon | Director Trustee or director | 10 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Madeline Herrera | Director Trustee or director | 60 | $0 | $23,766 |
| Karen Jorgensen | Director Trustee or director | 10 | $0 | $0 |
| Leila Ahvarhoush | Director Trustee or director | 10 | $0 | $0 |
| Emily Gullickson | Director Trustee or director | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1915 RHODE ISLAND ST, LAWRENCE, KS 66046-2961
- In care of
- % MADELINE HERRERA
- Mailing address (990-N for 2022)
- 1915 Rhode Island St, Lawrence KS 66046
- Principal officer (990 for 2024)
- Madeline Herrera, 1915 Rhode Island St, Lawrence, KS 66046
- Principal officer (990-N for 2022)
- Madeline Herrera, 1915 Rhode Island St, Lawrence KS 66046
- Signed the 990
- Madeline Herrera, Director
- Phone
- (785) 813-1820
- Website
- http://limestoneschool.com
Mission
We are reimagining elementary education to cultivate equity and inspire the next generation of innovators through project-based learning. By creating hands-on projcets to solve tangible, community-focused problems, the students will discover their passion for working as a team while achieving mastery in multiple disciplines.
Program accomplishments
- Our largest program service is our core elementary school curriculum, which focuses on project-based learning. During the tax year, 60 students participated in this program. Key accomplishments included students creating an art exhibit to display their artwork inspired by and to bring awareness to our local wetlands, speaking out at local commission meetings, and welcoming the first tenant to affordable housing designed by our students.Expenses $346,775 · revenue $292,786
- Our second largest program is our summer camp program, which offers 4 different summer camps throughout the summer. Themes for this tax year included: art, puzzles and games, mysteries, and cardboard construction. We enrolled 81 campers January-June 2025.Expenses $15,368 · revenue $53,124
- Out third largest program is our after-school enrichment program, which served 45 students. This program runs for two hours after school each day, providing care, enrichment, and snacks for students whose parents working hours extend past the regular school day.Expenses $1,426 · revenue $11,952
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
- 87-4206679
- 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
- 2022
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $20,809
- Income (IRS master file)
- $435,108
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $432,581 | $438,390 | $20,809 | XML |
| 990 | June 2024 | $293,733 | $300,583 | $8,948 | XML |
| 990-N for 2022 Officer: Madeline Herrera | June 30, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | June 2023 | – | – | – | 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 87-4206679).
Questions about CORNERSTONE COMMUNITY SCHOOL ASSOCIATION
- What is the EIN of CORNERSTONE COMMUNITY SCHOOL ASSOCIATION?
- The employer identification number (EIN) of CORNERSTONE COMMUNITY SCHOOL ASSOCIATION is 87-4206679.
- Is CORNERSTONE COMMUNITY SCHOOL ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to CORNERSTONE COMMUNITY SCHOOL ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE COMMUNITY SCHOOL ASSOCIATION 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 COMMUNITY SCHOOL ASSOCIATION 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 COMMUNITY SCHOOL ASSOCIATION 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 COMMUNITY SCHOOL ASSOCIATION?
- The 990 for the year ended June 30, 2025 names Madeline Herrera.
- Who are the officers and directors of CORNERSTONE COMMUNITY SCHOOL ASSOCIATION?
- The 990 for the year ended June 30, 2025 lists 6 people; 2 received compensation from the organization, the highest $33,327 (Madeline Herrera, Director).
- How much revenue does CORNERSTONE COMMUNITY SCHOOL ASSOCIATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $432,581, expenses of $438,390 and total assets of $20,809 at year end.
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