Cornerstone Educational Services Inc in Mount Airy, Maryland (MD)
Table of contents:
| Cornerstone Educational Services Inc | |
| Employer Identification Number (EIN) | 753063403 |
| Name of Organization | Cornerstone Educational Services Inc |
| In Care of Name | Michael Zeher |
| Address | 17455 Old Frederick Rd, Mount Airy, MD 21771-3603 |
| Subsection | Educational Organization |
| Ruling Date | 01/2004 |
| Deductibility | Contributions are deductible |
| Foundation | School |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 07/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $59,664 |
| Amount of Income | $167,983 |
| Form 990 Revenue Amount | $167,983 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Primary, Elementary Schools |
Non-representatives - add comments:
Amount of income in 2013: $167,983 (it was $136,718 in 2012)
| This organization: | $167,983 |
| Other organizations performing similar types of work: | $560,231 |
Assets in 2013: $59,664 (it was $37,963 in 2012)
| Cornerstone Educational Services Inc: | $59,664 |
| Other organizations performing similar types of work: | $203,890 |
Expenses in 2013: $146,085
| Cornerstone Educational Services Inc: | $146,085 |
| Other organizations performing similar types of work: | $592,933 |
Income to expenses ratio in 2013: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 0.3%
| Cornerstone Educational Services Inc: | 0.3% |
| Other organizations performing similar types of work: | 3.8% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $90,561 | $136,718 | $167,983 |
| Contributions, gifts, grants, and similar amounts received | $919 | $87 | $500 |
| Program service revenue including government fees and contracts | $89,642 | $136,631 | $167,483 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $122,549 | $137,912 | $146,085 |
| Total net assets | $30,294 | $29,100 | $50,998 |
| Excess/Deficit for the year | $-31,988 | $-1,194 | $21,898 |
| Net assets or fund balances at beginning of year | $62,282 | $30,294 | $29,100 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $29,100 | $50,998 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $41,166 | $37,963 | $59,664 |
| Total liabilities | $10,872 | $8,863 | $8,666 |
| Net assets or fund balances | $30,294 | $29,100 | $50,998 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | A school described in section 170(b)(1)(A)(ii) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Village Academy Schools Inc, Village Academy | 284 S Liberty St, Powell, OH 43065-7616 | OH | 2006-05 | $4,779,307 |
| 2 | Afya Baltimore Incorporated | 2800 Brendan Ave, Baltimore, MD 21213-1213 | MD | 2008-03 | $8,367,913 |
| 3 | Woodstream Christain Academy Inc | 9800 Lottsford Rd, Bowie, MD 20721-2894 | MD | 2004-11 | $4,724,311 |
| 4 | Tri-State Christian Academy Inc | 146 Appleton Rd, Elkton, MD 21921-5008 | MD | 2012-08 | $1,703,166 |
| 5 | Trinity School Of Frederick Inc | 6040 New Design Rd, Frederick, MD 21703-6550 | MD | 2002-02 | $1,541,618 |
| 6 | Arundel Christian School | 1321 Mercedes Drive Unit Qs, Hanover, MD 21076-3154 | MD | 2012-12 | $1,087,632 |
| 7 | Legacy School Inc | 115 Terrapin Drive, Sykesville, MD 21784 | MD | 2012-02 | $702,916 |
| 8 | St Thomas More Academy Inc | 103 Prospect St, Middletown, MD 21769-7924 | MD | 2001-03 | $691,518 |
| 9 | Feynman School Inc, Feynman School | 14106 Silent Wood Way, North Potomac, MD 20878 | MD | 2009-07 | $384,703 |
| 10 | Greater Mt Nebo Christian Academy Association Inc | 1001 Old Mitchell Road, Bowie, MD 20716 | MD | 2009-06 | $255,569 |
| 11 | Taras Shevchenko School Of Ukrainian Studies Of Dc Area Inc | 9505 Lost Trail Way, Potomac, MD 20854-2092 | MD | 2010-09 | $131,049 |
| 12 | Thomas Jefferson Preparatory Corp, Thomas Jefferson Preparatory School | 12801 Darnestown Rd, Darnestown, MD 20878-3519 | MD | 2007-11 | $31,347 |
| 13 | Joshua S Mission Of Hope Inc | 6607 Karlson Court, Hyattsville, MD 20783 | MD | 2014-09 | $9,715 |
| 14 | 21st Century Global Schoolhouse Cyberspace Inter Pub Charter Schoo | 3816 Springdale Avenue, Baltimore, MD 21216 | MD | 2007-05 | $0 |
| 15 | Agape Education Ministries Community Development Corporation | 9700 Old Allentown Road, Fort Washington, MD 20744 | MD | 2002-02 | $0 |
| 16 | Children Of Promise Christian Academy | 7808 Marlboro Pike, District Hts, MD 20747-4412 | MD | 2012-05 | $0 |
| 17 | Development Of Village Education India Inc, Dove India | 2433 Parallel Ln, Silver Spring, MD 20904-5450 | MD | 2014-09 | $0 |
| 18 | Dorothy Day Academy Inc | 312 Rossiter Ave, Baltimore, MD 21212-4419 | MD | 2002-03 | $0 |
| 19 | Elementary School At St Marks On The Hill | 1620 Reisterstown Rd, Pikesville, MD 21208-2902 | MD | 2001-07 | $0 |
| 20 | Firm Foundation And Faith Academy | 2261 Oxon Run Dr, Temple Hills, MD 20748-4277 | MD | 2014-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,850 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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