Cornerstone Academy is a 501(c)(3) organization based in Oak Park, Illinois, registered in 1996, with $244,699 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$245K
▼ 28.0% vs prior year
Education median: $200K
Expenses (FY2024)
$330K
Net assets
$107K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Cornerstone Academy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Cornerstone Academy: 4 mo reserves · -35% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Cornerstone Academy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Cornerstone Academy: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Revenue declined from $382K (FY2020) to $245K (FY2024) across 5 reported years.
Financial snapshot
Operating margin
-34.7%
Spent more than it raised in the latest fiscal year.
Total assets
$111K
Total liabilities
$4,446
Net assets
$107K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $244,699▼28.0% | $329,506▲3.1% | $106,972▼44.2% | $111,418▼59.6% | 990 |
| 2023 | $339,889▼0.8% | $319,672▼6.8% | $191,779▲11.5% | $275,482▲27.5% | 990 |
| 2022 | $342,767▼25.1% | $342,995▼18.8% | $172,058▼0.1% | $215,996▲9.8% | 990 |
| 2021 | $457,922▲19.9% | $422,167▲18.1% | $172,286▲26.2% | $196,756▲2.3% | 990 |
| 2020 | $382,039 | $357,474 | $136,531 | $192,386 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
26 grants to Cornerstone Academy totaling $346K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Education | 2024 | $41,000 |
| National Christian Charitable Foundation | Growth | 2023 | $20,000 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $15,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $8,000 |
| The Chicago Community Trust | General operating support - response to fall benefit 2022 | 2022 | $14,000 |
| National Christian Charitable Foundation | Growth | 2022 | $13,000 |
| National Christian Charitable Foundation | Growth | 2022 | $13,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $8,750 |
| National Philanthropic Tr | Education | 2021 | $9,600 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $7,100 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $7,100 |
| Donor Advised Charitable Giving | Education | 2021 | $6,500 |
| The Chicago Community Trust | To support relocation, fall benefit, and general operating support | 2020 | $21,000 |
| National Christian Charitable Foundation | Growth | 2020 | $12,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $6,250 |
Explore more
Data for Cornerstone Academy (EIN 36-3964772) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.