Civic Intelligence

Cornerstone Preparatory School Inc

EIN 84-1843718 • 501(c)3 • Madisonville, KY

Profile

Cornerstone Preparatory School offers a distinctly different education for kindergarten through 12th grade. Fully-accredited education is offered through the lens of a Biblical world view which prepares our students for college, career, and life. It is our hope that students who are graduated from Cornerstone Prep will develop exemplary strengths, be ready to succeed in whatever path they choose in life, and fully contribute to our community.

145 East Center StMadisonville, KY 42431

cornerstone-prep.com

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2025

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2025

Net Margin

100th percentile

356%

Higher net margin than 100% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

Asset Growth

17th percentile

-62%

Faster asset growth than 17% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2024 to 2025

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$18,375

Down $30,120 (-62%) from 2024

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$18,375

Down $27,187 (-60%) from 2024

Operations
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$7,629

Down $494,072 (-102%) from 2024

Expenses

Down

$19,558

Down $472,238 (-96%) from 2024

Net Income

Down

-$27,187

Down $21,834 (-408%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth17th percentile

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

$60K$40K$20K$0Assets 2019: $38,285Net Assets 2019: $38,2852019Assets 2020: $56,235Liabilities 2020: $54,072Net Assets 2020: $2,1632020Assets 2021: $44,359Liabilities 2021: $2,654Net Assets 2021: $41,7052021Assets 2022: $53,277Liabilities 2022: $2,956Net Assets 2022: $50,3212022Assets 2023: $56,496Liabilities 2023: $5,581Net Assets 2023: $50,9152023Assets 2024: $48,495Liabilities 2024: $2,933Net Assets 2024: $45,5622024Assets 2025: $18,375Net Assets 2025: $18,3752025

Highlighted filing

2025

Assets$18,375
Liabilities-
Net Assets$18,375
Open 2025 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$800K$600K$400K$200K$0-$200KRevenue 2019: $38,2852019Revenue 2020: $306,529Expenses 2020: $342,651Net Income 2020: -$36,1222020Revenue 2021: $373,005Expenses 2021: $333,463Net Income 2021: $39,5422021Revenue 2022: $450,964Expenses 2022: $442,348Net Income 2022: $8,6162022Revenue 2023: $700,483Expenses 2023: $699,889Net Income 2023: $5942023Revenue 2024: $486,443Expenses 2024: $491,796Net Income 2024: -$5,3532024Revenue 2025: -$7,629Expenses 2025: $19,558Net Income 2025: -$27,1872025

Highlighted filing

2025

Revenue-$7,629
Expenses$19,558
Net Income-$27,187
Open 2025 Filing

Filings

Most recent year

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

Open filing
Assets
$18,375
Liabilities
-
Net assets
$18,375
Revenue
-$7,629
Expenses
$19,558
Net income
-$27,187
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.18$0.18$0.08$0.20$0.27
2024Detailed filing. Detailed filing data is available for this year.$0.48$0.03$0.46$4.86$4.92$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.56$0.06$0.51$7.00$7.00$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.53$0.03$0.50$4.51$4.42$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.44$0.03$0.42$3.73$3.33$0.40
2020Detailed filing. Detailed filing data is available for this year.$0.56$0.54$0.02$3.07$3.43$0.36
2019Detailed filing. Detailed filing data is available for this year.$0.38$0.38$0.38
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 10, 2025
Return Version
2024v5.2
Gross Receipts
$17,774
Mission and Program Overview

Mission

Cornerstone Preparatory School offers a distinctly different education for kindergarten through 12th grade. Fully-accredited education is offered through the lens of a Biblical world view which prepares our students for college, career, and life. It is our hope that students who are graduated from Cornerstone Prep will develop exemplary strengths, be ready to succeed in whatever path they choose in life, and fully contribute to our community.

Cornerstone Preparatory School offered a distinctly different education for kindergarten through 12th grade. Fully-accredited education was offered through the lens of a Biblical world view which prepares our students for college, career, and life. It is our hope that students who are graduated from Cornerstone Prep will develop exemplary strengths, be ready to succeed in whatever path they choose in life, and fully contribute to our community.

Program Services

DescriptionGrantsExpenses
Initially organized in May 2019, Cornerstone Prep has completed four years of offering fully-accredited education to kindergarten through 12th grade. This education is offered through the lens of a Biblical world view which prepares our students for college, career, and life. Subsequent to the fourth year, the school has closed. The organization will be dissolved upon the distribution of assets for one or more exempt purposes according to the Dissolution Clause of our Articles of Incorporation.-$11,336
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amber BakerDirector-$0--
Anthony KnightTreasurer-$0--
Tim MorganVice President-$0--
Ryan SizemoreDirector-$0--
Filing and Contact Details

Filer

Filer Name
Cornerstone Preparatory School Inc
EIN
84-1843718
Phone
2708417540
Address
145 East Center St, Madisonville, KY 42431

Signing Officer

Name
Anthony Knight
Title
Treasurer
Signed
2025-12-10
Discuss with paid preparer
Yes

Preparer

Firm
Knight Wagner Pllc
Address
28 Court Street, Madisonville, KY 42431
Preparer
Anthony R Knight
Phone
2708214824
Supplemental Narrative

Additional Explanations

Other Expenses.1009

“Depreciation $7854”

Other Expenses.1012

“Insurance $770”

Other Expenses.1

“Bank charges $300”

Other Expenses.2

“Miscellaneous expenses $68”

Other Assets.1001

“Automobiles - Beginning $5760 Automobiles - Ending $0”

Other Assets.1003

“Machinery and Equipment - Beginning $21834 Machinery and Equipment - Ending $15495”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $257 Accounts Payable and Accrued Expenses - Ending $0”

Total Liabilities.1

“Payroll tax withholdings - Beginning $2933 Payroll tax withholdings - Ending $0”

Raw XML Appendix152 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Andrea Nance
IRS990EZ/BooksInCareOfDetail/PhoneNum02708417540
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0145 East Center St
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Madisonville
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd042431
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt02880
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt016510
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt025403
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-27187
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt048752
IRS990EZ/Form990TotalAssetsGrp/EOYAmt018375
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt0-25403
IRS990EZ/GrossReceiptsAmt017774
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt021158
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt045562
IRS990EZ/NetAssetsOrFundBalancesEOYAmt018375
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt045562
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt018375
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Amber Baker
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Anthony Knight
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Tim Morgan
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Ryan Sizemore
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt027594
IRS990EZ/OtherAssetsTotalDetail/EOYAmt015495
IRS990EZ/OtherExpensesTotalAmt08992
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Cornerstone Preparatory School offered a distinctly different education for kindergarten through 12th grade. Fully-accredited education was offered through the lens of a Biblical world view which prepares our students for college, career, and life. It is our hope that students who are graduated from Cornerstone Prep will develop exemplary strengths, be ready to succeed in whatever path they choose in life, and fully contribute to our community.
IRS990EZ/ProgramServiceRevenueAmt01264
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Initially organized in May 2019, Cornerstone Prep has completed four years of offering fully-accredited education to kindergarten through 12th grade. This education is offered through the lens of a Biblical world view which prepares our students for college, career, and life. Subsequent to the fourth year, the school has closed. The organization will be dissolved upon the distribution of assets for one or more exempt purposes according to the Dissolution Clause of our Articles of Incorporation.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt011336
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt010566
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0true
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt03190
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt019558
IRS990EZ/TotalProgramServiceExpensesAmt011336
IRS990EZ/TotalRevenueAmt0-7629
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0cornerstone-prep.com
IRS990ScheduleA/SchoolInd0X
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/ExplanationTxt0Raciallly nondiscriminatory policy towards students is included on the organization's website as well as all written communications with the public in regards to student admissions, programs, and scholarships.
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Depreciation $7854
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $770
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Bank charges $300
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Miscellaneous expenses $68
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Automobiles - Beginning $5760 Automobiles - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Machinery and Equipment - Beginning $21834 Machinery and Equipment - Ending $15495
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Accounts Payable and Accrued Expenses - Beginning $257 Accounts Payable and Accrued Expenses - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Payroll tax withholdings - Beginning $2933 Payroll tax withholdings - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Assets.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Assets.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Total Liabilities.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Total Liabilities.1
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Anthony Knight
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-12-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Cornerstone Preparatory School Inc
ReturnHeader/Filer/BusinessNameControlTxt0CORN
ReturnHeader/Filer/EIN0841843718
ReturnHeader/Filer/PhoneNum02708417540
ReturnHeader/Filer/USAddress/AddressLine1Txt0145 East Center St
ReturnHeader/Filer/USAddress/CityNm0Madisonville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd042431
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203064909
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KNIGHT WAGNER PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt028 Court Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Madisonville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd042431
ReturnHeader/PreparerPersonGrp/PhoneNum02708214824
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Anthony R Knight
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-12-10T06:52:25-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.