Cornerstone Christian Academy
Legal name: Ossipee Cornerstone Christian Academy
Nonprofit profile at a glance
- EIN
- 020474858
- IRS 990 coverage
- 2011–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024
- Location
- Ossipee, NH, United States
- Phone
- (603) 539-8636
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Primary, Elementary Schools
- Affiliation
- Christianity
Reported finances
- Revenue
- $818,166
- Expenses
- $861,850
- Assets
- $1,083,626
- Liabilities
- $296,164
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- ELLINOR CASONI (Director)
- JAMES COLCORD (Director)
- SOPHIA BISHOP (Director)
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
To provide a Christ-centered foundation where character and academic excellence are nurtured in each student. As the Lakes Region’s premier **private school in NH** , Cornerstone Christian Academy is proud to support local families in their journey of home education. Since 1985, our mission has been to provide scholarly excellence built on a Biblical foundation. Starting January 2026, we are opening our **12-acre campus** every Wednesday to provide high-interest, hands-on enrichment designed to complement your child’s home curriculum. Enrichment Wednesdays: The Program.
What it reported doing in 2024
Recognizing that each child is endowed by god with unique potential, cornerstone christian academy will provide students a nurturing educational environment that lovingly challenges them to develop, grow and mature intellectually, spiritually, physically and socially to ensure they will have the skills and confidence to positively impact the world.
Operating model
- Revenue model
- Earned-program. 67% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 95% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 94
- Accountability: 94
- Sustainability: 38
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.7%; rating input score 93
- Program expense ratio: 88%; rating input score 88
- Fundraising efficiency: $18.61 raised per $1 spent on fundraising; rating input score 57; 57th 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: 100%; rating input score 100; 76th percentile among comparable filings
- 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: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- 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: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -5.3%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 1.26; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 2.8% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 1% per year; rating input score 100; 19th percentile among comparable filings
- Asset growth: -1.8% per year; rating input score 0; 12th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 92.7% of revenue deployed · 88% of spending went to programs
- Governance: 7 of 7 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $758K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 8 filed schedules · includes major donors and grants
- Filing history: 13 filing years from 2011 to 2024
- 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.
- Review — Financial Efficiency: Fundraising efficiency scored 57/100.
- High — Sustainability: Operating margin scored 23/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.