Civic Intelligence

Cornerstone Christian School Inc

EIN 61-1222167 • 501(c)3 • London, KY

Profile

Christian based education

PO Box 848London, KY 40743

www.cornerstoneky.com

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.38x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

70th percentile

0.11x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

28th percentile

-6.2%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

15th percentile

-15%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

27th percentile

-7.6%

Faster revenue growth than 27% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Down

$199,347

Down $35,466 (-15%) from 2024

Liabilities

Up

$75,453

Up $7,208 (+11%) from 2024

Net Assets

Down

$123,894

Down $42,674 (-26%) from 2024

Revenue

Down

$687,301

Down $56,587 (-7.6%) from 2024

Expenses

Down

$729,975

Down $63,352 (-8.0%) from 2024

Net Income

Up

-$42,674

Up $6,765 (+14%) from 2024

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0-$100KAssets 2011: $386,530Liabilities 2011: $198,838Net Assets 2011: $187,6922011Assets 2012: $355,589Liabilities 2012: $172,247Net Assets 2012: $183,3422012Assets 2013: $337,070Liabilities 2013: $190,662Net Assets 2013: $146,4082013Assets 2014: $77,686Liabilities 2014: $67,049Net Assets 2014: $10,6372014Assets 2015: $51,380Liabilities 2015: $36,143Net Assets 2015: $15,2372015Assets 2016: $33,693Liabilities 2016: $29,657Net Assets 2016: $4,0362016Assets 2017: $50,716Liabilities 2017: $32,685Net Assets 2017: $18,0312017Assets 2018: $50,840Liabilities 2018: $59,889Net Assets 2018: -$9,0492018Assets 2019: $80,612Liabilities 2019: $54,490Net Assets 2019: $26,1222019Assets 2020: $128,856Liabilities 2020: $99,732Net Assets 2020: $29,1242020Assets 2021: $169,930Liabilities 2021: $95,290Net Assets 2021: $74,6402021Assets 2022: $309,894Liabilities 2022: $127,614Net Assets 2022: $182,2802022Assets 2023: $321,460Liabilities 2023: $105,453Net Assets 2023: $216,0072023Assets 2024: $234,813Liabilities 2024: $68,245Net Assets 2024: $166,5682024Assets 2025: $199,347Liabilities 2025: $75,453Net Assets 2025: $123,8942025

Highlighted filing

2025

Assets$199,347
Liabilities$75,453
Net Assets$123,894

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $946,6902011Expenses 2012: $847,4942012Expenses 2013: $914,4452013Revenue 2014: $696,847Expenses 2014: $832,618Net Income 2014: -$135,7712014Revenue 2015: $523,791Expenses 2015: $519,191Net Income 2015: $4,6002015Revenue 2016: $378,940Expenses 2016: $390,141Net Income 2016: -$11,2012016Revenue 2017: $438,620Expenses 2017: $424,625Net Income 2017: $13,9952017Revenue 2018: $425,546Expenses 2018: $452,626Net Income 2018: -$27,0802018Revenue 2019: $490,358Expenses 2019: $477,133Net Income 2019: $13,2252019Revenue 2020: $557,112Expenses 2020: $554,110Net Income 2020: $3,0022020Revenue 2021: $735,541Expenses 2021: $690,025Net Income 2021: $45,5162021Revenue 2022: $800,624Expenses 2022: $692,984Net Income 2022: $107,6402022Revenue 2023: $779,710Expenses 2023: $745,983Net Income 2023: $33,7272023Revenue 2024: $743,888Expenses 2024: $793,327Net Income 2024: -$49,4392024Revenue 2025: $687,301Expenses 2025: $729,975Net Income 2025: -$42,6742025

Highlighted filing

2025

Revenue$687,301
Expenses$729,975
Net Income-$42,674

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.99$0.75$1.24$6.87$7.30$0.43
2024Detailed filing. Detailed filing data is available for this year.$2.35$0.68$1.67$7.44$7.93$0.49
2023Detailed filing. Detailed filing data is available for this year.$3.21$1.05$2.16$7.80$7.46$0.34
2022Detailed filing. Detailed filing data is available for this year.$3.10$1.28$1.82$8.01$6.93$1.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.95$0.75$7.36$6.90$0.46
2020Detailed filing. Detailed filing data is available for this year.$1.29$1.00$0.29$5.57$5.54$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.81$0.54$0.26$4.90$4.77$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.51$0.60$0.09$4.26$4.53$0.27
2017Detailed filing. Detailed filing data is available for this year.$0.51$0.33$0.18$4.39$4.25$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.34$0.30$0.04$3.79$3.90$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.51$0.36$0.15$5.24$5.19$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.78$0.67$0.11$6.97$8.33$1.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.37$1.91$1.46$9.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.56$1.72$1.83$8.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.87$1.99$1.88$9.47
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jul 31, 2025
Return Version
2024v5.0
Gross Receipts
$687,301
Mission and Program Overview

Mission

Christian based education

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$167,357$159,641▼ $7,716
Cash and Non-Interest-Bearing Accounts$22,573$22,770▲ $197
Accounts Receivable$44,883$16,936▼ $27,947
Total Assets$234,813$199,347▼ $35,466
Liabilities
Deferred Revenue$47,518$54,192▲ $6,674
Other Liabilities$20,727$21,261▲ $534
Total Liabilities$68,245$75,453▲ $7,208
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$166,568$123,894▼ $42,674
Total Net Assets Fund Balance$166,568$123,894▼ $42,674
Total Liabilities and Net Assets / Fund Balance$234,813$199,347▼ $35,466

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$143,061$15,297$158,358
Equipment$11,525$67,394$78,919
Other Land Buildings-$61,802$61,802
Leasehold Improvements$5,055$3,139$8,194
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mark HuffDirectorFT$40,000$40,000
Donna WheelahanDirectorFT$27,493$27,493
Cheryl WintersDirectorFT$27,095$27,095

Board Members and Trustees

NameTitle
Jon BrummettChairman
Chris AsherDirector
Cristina AtienzaDirector
Freda GayDirector
Kyle GrayDirector
Will WolfeDirector
Brad ParrettSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$14,672
Program Service Revenue
$562,552
Investment Income
$4
Other Revenue
$110,073
All Other Contributions
$13,922
Change in Net Assets
$-42,674
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$556,682
Other Expenses$173,293
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$422,678--$422,678
Current Officers, Directors, Trustees, and Key Employees$94,588--$94,588
All Other Expenses$53,633--$53,633
Payroll Taxes$39,416--$39,416
Other Expenses$13,333--$13,333
Fees for Services Accounting$8,575--$8,575
Depreciation Depletion$7,716--$7,716
Occupancy$3,409--$3,409
Advertising$137--$137
Total Functional Expenses$729,975$0$0$729,975
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$18,027
Scholarship - Kimberly White$3,234
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Cornerstone Christian School Inc
EIN
61-1222167
Phone
6068620509
Address
PO BOX 848, LONDON, KY 40743

Signing Officer

Name
Jon Brummett
Title
Chairman
Phone
6068620509
Signed
2025-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jon Brummett
Voting Board Members
10
Independent Board Members
10
Employees
31
Volunteers
1

Preparer

Firm
Greene Mccowan & Co Pllc
Address
605 N MAIN ST, LONDON, KY 40741
Preparer
Patrick Ryan Mccowan CPA
Phone
6068640414
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers provide assistance at school with the students directly as well as work on the grounds and fundraising

Raw XML Appendix379 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0143061
IRS990ScheduleD/BuildingsGrp/DepreciationAmt015297
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0158358
IRS990ScheduleD/EquipmentGrp/BookValueAmt011525
IRS990ScheduleD/EquipmentGrp/DepreciationAmt067394
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt078919
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05055
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03139
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08194
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt061802
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt061802
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018027
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13234
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SCHOLARSHIP - KIMBERLY WHITE
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IRS990ScheduleD/TotalLiabilityAmt021261
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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/ExplanationTxt0THE SCHOOL IS LOCATED IN A TOWN WITH A POPULATION OF APPROX 10,000 PEOPLE. THE SCHOOL HAS A RACIALLY MIXED STUDENT BODY AND DOES NOT DISCRIMINATE IN ANY WAY. ALL STUDENTS WHO APPLY ARE ACCEPTED IF THEY CAN MEET THE ACADEMIC LEVELS OF THEIR GRADE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS PROVIDE ASSISTANCE AT SCHOOL WITH THE STUDENTS DIRECTLY AS WELL AS WORK ON THE GROUNDS AND FUNDRAISING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0199347
IRS990/TotalAssetsGrp/BOYAmt0234813
IRS990/TotalAssetsGrp/EOYAmt0199347
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt014672
IRS990/TotalEmployeeCnt031
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0729975
IRS990/TotalFunctionalExpensesGrp/TotalAmt0729975
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt068245
IRS990/TotalLiabilitiesEOYAmt075453
IRS990/TotalLiabilitiesGrp/BOYAmt068245
IRS990/TotalLiabilitiesGrp/EOYAmt075453
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0166568
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0123894
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt01020
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt01020
IRS990/TotalProgramServiceExpensesAmt0729975
IRS990/TotalProgramServiceRevenueAmt0562552
IRS990/TotalReportableCompFromOrgAmt094588
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0672629
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0687301
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0234813
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0199347
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt071 KIRKWOOD DRIVE
IRS990/USAddress/CityNm0LONDON
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040744
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.CORNERSTONEKY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JON BRUMMETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06068620509
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CORNERSTONE CHRISTIAN SCHOOL INC
ReturnHeader/Filer/BusinessNameControlTxt0CORN
ReturnHeader/Filer/EIN0611222167
ReturnHeader/Filer/PhoneNum06068620509
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 848
ReturnHeader/Filer/USAddress/CityNm0LONDON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040743
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262617998
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREENE MCCOWAN & CO PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0605 N MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LONDON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040741
ReturnHeader/PreparerPersonGrp/PhoneNum06068640414
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK RYAN MCCOWAN CPA
ReturnHeader/ReturnTs02025-08-04T11:30:06-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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