Civic Intelligence

Cornerstone Academy

EIN 36-3964772 • 501(c)3 • Oak Park, IL

Profile

The mission of cornerstone academy is to provide students with an intentionally small christian high school experience that is personalized, comprehensive, and leads toward a diploma, a christian moral code, and tools for self-sufficiency.

532 Fair Oaks AvenueOak Park, IL 60302

www.cornerstonechicago.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

74th percentile

0.04x

Higher debt load relative to assets than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

73rd percentile

0.02x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

18th percentile

-35%

Higher net margin than 18% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

96th percentile

$70,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 28.6% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

17th percentile

-60%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

28th percentile

-28%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$111,418

Down $164,064 (-60%) from 2024

Liabilities

Down

$4,446

Down $79,257 (-95%) from 2024

Net Assets

Down

$106,972

Down $84,807 (-44%) from 2024

Operations
Liabilities / Revenue73rd percentileNet Margin18th percentile

Revenue

Down

$244,699

Down $95,190 (-28%) from 2024

Expenses

Up

$329,506

Up $9,834 (+3.1%) from 2024

Net Income

Down

-$84,807

Down $105,024 (-519%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth17th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2021: $192,386Liabilities 2021: $55,855Net Assets 2021: $136,5312021Assets 2022: $196,756Liabilities 2022: $24,470Net Assets 2022: $172,2862022Assets 2023: $215,996Liabilities 2023: $43,938Net Assets 2023: $172,0582023Assets 2024: $275,482Liabilities 2024: $83,703Net Assets 2024: $191,7792024Assets 2025: $111,418Liabilities 2025: $4,446Net Assets 2025: $106,9722025

Highlighted filing

2025

Assets$111,418
Liabilities$4,446
Net Assets$106,972
Open 2025 Filing

Operations Trend

Revenue Growth28th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2021: $382,039Expenses 2021: $357,474Net Income 2021: $24,5652021Revenue 2022: $457,922Expenses 2022: $422,167Net Income 2022: $35,7552022Revenue 2023: $342,767Expenses 2023: $342,995Net Income 2023: -$2282023Revenue 2024: $339,889Expenses 2024: $319,672Net Income 2024: $20,2172024Revenue 2025: $244,699Expenses 2025: $329,506Net Income 2025: -$84,8072025

Highlighted filing

2025

Revenue$244,699
Expenses$329,506
Net Income-$84,807
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$111,418
Liabilities
$4,446
Net assets
$106,972
Revenue
$244,699
Expenses
$329,506
Net income
-$84,807
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.11$0.04$1.07$2.45$3.30$0.85
2024Detailed filing. Detailed filing data is available for this year.$2.75$0.84$1.92$3.40$3.20$0.20
2023Detailed filing. Detailed filing data is available for this year.$2.16$0.44$1.72$3.43$3.43$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.97$0.24$1.72$4.58$4.22$0.36
2021Detailed filing. Detailed filing data is available for this year.$1.92$0.56$1.37$3.82$3.57$0.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 1, 2026
Return Version
2024v5.2
Gross Receipts
$244,699
Mission and Program Overview

Mission

Our mission is to provide a supportive Christian education for students who may benefit from personalized attention as they work toward a high school diploma while developing tools for self-sufficiency and a Christian life ethic.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$161,817$79,059▼ $82,758
Land, Buildings, and Equipment, Net$37,623$32,359▼ $5,264
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$275,482$111,418▼ $164,064
Other Assets Total$76,042$0▼ $76,042
Liabilities
Other Liabilities$76,042--
Accounts Payable and Accrued Expenses$7,661$4,446▼ $3,215
Total Liabilities$83,703$4,446▼ $79,257
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$185,640$106,972▼ $78,668
Net Assets With Donor Restrictions$6,139--
Total Net Assets Fund Balance$191,779$106,972▼ $84,807
Total Liabilities and Net Assets / Fund Balance$275,482$111,418▼ $164,064

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$32,359$20,275$52,634
Equipment-$5,953$5,953
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jeffrey FieldsPrincipalFT$70,000$70,000

Board Members and Trustees

NameTitle
Leslie McCantsVice President
Ariel CorreaDirector
Clarence HowardPreseident
Richard Van der MolenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$207,750
Program Service Revenue
$36,653
Investment Income
$0
Other Revenue
$296
All Other Contributions
$207,750
Change in Net Assets
$-84,807
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$244,203
Other Expenses$85,303
Total Fundraising Expense$5,898
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$141,626$8,250-$149,876
Current Officers, Directors, Trustees, and Key Employees$63,000$3,500$3,500$70,000
Occupancy$39,009$2,240$667$41,916
Payroll Taxes$22,583$1,297$386$24,266
Fees for Services Accounting-$12,490-$12,490
All Other Expenses$6,136$485$1,062$7,683
Depreciation Depletion$4,898$281$84$5,263
Insurance$3,504$201$59$3,764
Office Expenses$2,790$160$48$2,998
Other Expenses$1,668$82$24$1,668
Other Employee Benefits$61--$61
Total Functional Expenses$294,393$29,215$5,898$329,506
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The spouse of a Board member is an employee of the organization.”

Form 990, Part VI, Section B, Line 11B

“The return is reviewed by the officers and the school principal before it is presented to the entire Board and subsequently e-filed.”

Form 990, Part VI, Section B, Line 12C

“On annual basis each Board member and key employee is required t submit a written stating that he/she is not aware of any circumstance or situation that can or does give rise to a conflict of interest. Furthermore, if a Board member or key employee becomes aware of a conflict of interest situation that arises, he/she is required to promptly notify all other Board members.”

Form 990, Part VI, Section C, Line 18

“A complete copy of federal form 990 and the audit/review report (when applicable) is posted on to the web-site of the Illinois Attorney General, which is open to the general public.”

Form 990, Part VI, Section C, Line 19

“A copy of the Organization's governing documents, policies, and financial statements are available to the general public upon written request.”

Filing and Contact Details

Filer

Filer Name
Cornerstone Academy
EIN
36-3964772
Phone
8472846884
Address
532 Fair Oaks Avenue, Oak Park, IL 60302

Signing Officer

Name
Richard Van der Molen
Title
Treasurer
Signed
2026-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clarence Howard
Formed
1996
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
9

Preparer

Firm
James M Babic PC
Address
6414 Sinclair Ave, Berwyn, IL 60402
Preparer
James M Babic CPA
Phone
7083174091
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Academy is exempt from federal taxes under Section 501(c)3 of the Internal Revenue Code (the "Code"). The Academy is classified as a school under sections 509(a)(1) and 170(b)(1)(A)(ii) of the Code. Contributions to The Academy qualify as charitable contributions under Section 170 of the Code, and is qualified to receive tax-deductible bequests, devises, transfers or gifts under sections 2055, 2106, or 2522 of the Code. The Academy's management has determined that FASB ACS 740-10, which addresses accounting for uncertainty in income taxes, has no effect on its financial statements due to the Academy's tax-exempt status.”

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13712
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0190102
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt099362
IRS990/PYOtherRevenueAmt021639
IRS990/PYProgramServiceRevenueAmt0128148
IRS990/PYRevenuesLessExpensesAmt020217
IRS990/PYSalariesCompEmpBnftPaidAmt0220310
IRS990/PYTotalExpensesAmt0319672
IRS990/PYTotalRevenueAmt0339889
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-84807
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05953
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05953
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt032359
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt020275
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt052634
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Academy is exempt from federal taxes under Section 501(c)3 of the Internal Revenue Code (the "Code"). The Academy is classified as a school under sections 509(a)(1) and 170(b)(1)(A)(ii) of the Code. Contributions to The Academy qualify as charitable contributions under Section 170 of the Code, and is qualified to receive tax-deductible bequests, devises, transfers or gifts under sections 2055, 2106, or 2522 of the Code. The Academy's management has determined that FASB ACS 740-10, which addresses accounting for uncertainty in income taxes, has no effect on its financial statements due to the Academy's tax-exempt status.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt032359
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The spouse of a Board member is an employee of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The return is reviewed by the officers and the school principal before it is presented to the entire Board and subsequently e-filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2On annual basis each Board member and key employee is required t submit a written stating that he/she is not aware of any circumstance or situation that can or does give rise to a conflict of interest. Furthermore, if a Board member or key employee becomes aware of a conflict of interest situation that arises, he/she is required to promptly notify all other Board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A complete copy of federal form 990 and the audit/review report (when applicable) is posted on to the web-site of the Illinois Attorney General, which is open to the general public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A copy of the Organization's governing documents, policies, and financial statements are available to the general public upon written request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Cornerstone Academy
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Cornerstone Academy Work Study Program
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0263196259
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Student work-study program
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0501(c)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0607 Harvard St
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Oak Park
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060304
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0275482
IRS990/TotalAssetsEOYAmt0111418
IRS990/TotalAssetsGrp/BOYAmt0275482
IRS990/TotalAssetsGrp/EOYAmt0111418
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0207750
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05898
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029215
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0294393
IRS990/TotalFunctionalExpensesGrp/TotalAmt0329506
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt083703
IRS990/TotalLiabilitiesEOYAmt04446
IRS990/TotalLiabilitiesGrp/BOYAmt083703
IRS990/TotalLiabilitiesGrp/EOYAmt04446
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0191779
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0106972
IRS990/TotalProgramServiceExpensesAmt0294393
IRS990/TotalProgramServiceRevenueAmt036653

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