Cornerstone Christian Academy of Eastman Inc
Nonprofit profile at a glance
- EIN
- 921198011
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022
- Location
- Eastman, GA, USA
- Phone
- 4785591499
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
- Affiliation
- Christianity
Reported finances
- Revenue
- $626,748
- Expenses
- $456,898
- Assets
- $389,145
- Liabilities
- $90,676
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
People named in this filing
- TODD CROSBY (Trustee)
- KATHRYN SAWYER (Trustee)
- MATTHEW C JONES (Trustee)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Cornerstone Christian Academy exists as a ministry of First Baptist Church of Eastman, Georgia for the purpose of providing academic excellence through a Biblical worldview with a desire to develop students who become complete in Christ, build critical thinking skills, and grow in Christ-like character; while providing a loving, safe, and nurturing atmosphere in a structured educational environment.
What it reported doing in 2024
Maintaining a non-denominational christian school, grades k-5, which offers a regular course of study while upholding a high standard of scholastic excellence with all instruction coming from a christian viewpoint.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 92
- Accountability: 88
- Sustainability: 63
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.9%; rating input score 66
- Program expense ratio: 90.4%; rating input score 90
- Fundraising efficiency: $13.07 raised per $1 spent on fundraising; rating input score 46; 46th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 27.1%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 0.85; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0.23; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 100% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 100% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 65.9% of revenue deployed · 90.4% of spending went to programs
- Governance: 7 of 7 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $413K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 46/100.
- Review — Accountability: Governance controls: Whistleblower policy not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.