Cornerstone Tutorial Center Inc in Tulsa, Oklahoma (OK)
Table of contents:
| Cornerstone Tutorial Center Inc | |
| Employer Identification Number (EIN) | 731521103 |
| Name of Organization | Cornerstone Tutorial Center Inc |
| In Care of Name | Jerrylene Birchett |
| Address | 948 S 91st E Ave, Tulsa, OK 74112 |
| Activities | Private school |
| Subsection | Educational Organization |
| Ruling Date | 06/1998 |
| Deductibility | Contributions are deductible |
| Foundation | School |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 05/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $119,665 |
| Amount of Income | $93,456 |
| Form 990 Revenue Amount | $74,724 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Elementary, Secondary Education, K - 12 |
Non-representatives - add comments:
Amount of income in 2014: $93,456 (it was $64,837 in 2013)
| Cornerstone Tutorial Center Inc: | $93,456 |
| Other organizations performing similar types of work: | $784,710 |
Assets in 2014: $119,665 (it was $106,310 in 2013)
| Cornerstone Tutorial Center Inc: | $119,665 |
| Other organizations performing similar types of work: | $641,691 |
Expenses in 2014: $61,828
| Cornerstone Tutorial Center Inc: | $61,828 |
| Other organizations performing similar types of work: | $893,721 |
Income to expenses ratio in 2014: 1.5
| This organization: | 1.5 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 4.0%
| Cornerstone Tutorial Center Inc: | 4.0% |
| Other organizations performing similar types of work: | 3.2% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $57,815 | $49,615 | $74,724 |
| Contributions, gifts, grants, and similar amounts received | $7,329 | $1,352 | $3,000 |
| Program service revenue including government fees and contracts | $46,074 | $45,670 | $67,272 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $-25 | $0 |
| Net income/loss from gaming and fundraising events | $1,570 | $765 | $857 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $3,509 | $1,401 | $857 |
| Less: direct expenses from gaming and fundraising events | $1,939 | $636 | $0 |
| Gross profit/loss from sales of inventory | $1,048 | $612 | $1,775 |
| Gross sales of inventory, less returns and allowances | $13,743 | $15,173 | $20,507 |
| Less: cost of goods sold | $12,695 | $14,561 | $18,732 |
| Other revenue | $1,794 | $1,241 | $1,820 |
| Total expenses | $68,689 | $49,159 | $61,828 |
| Total net assets | $105,422 | $105,878 | $118,774 |
| Excess/Deficit for the year | $-10,874 | $456 | $12,896 |
| Net assets or fund balances at beginning of year | $116,296 | $105,422 | $105,878 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $105,878 | $118,774 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $105,854 | $106,310 | $119,665 |
| Total liabilities | $432 | $432 | $891 |
| Net assets or fund balances | $105,422 | $105,878 | $118,774 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| 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 2014) | |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Uplift Education | 1825 Market Center Blvd Ste 500, Dallas, TX 75207-3349 | TX | 1996-10 | $72,740,503 |
| 2 | Saint Johns School | 1454 Ave Ashford, San Juan | international | 1963-09 | $10,905,510 |
| 3 | Somerset Academy Inc | 6340 Sunset Dr, Miami, FL 33143-4836 | FL | 1998-01 | $98,268,792 |
| 4 | Services For Children With Hidden Intelligence Inc, S C H I | 1416 Monmouth Ave, Lakewood, NJ 08701-1933 | NJ | 1996-10 | $16,990,396 |
| 5 | The Bay School Of San Francisco | 35 Keyes Ave, San Francisco, CA 94129-1736 | CA | 1997-12 | $15,048,738 |
| 6 | Shekinah Learning Institute | 12470 Woman Hollering Rd, Schertz, TX 78154-4504 | TX | 1998-01 | $13,009,566 |
| 7 | School Lane Charter School | 2400 Bristol Pike, Bensalem, PA 19020-5263 | PA | 1998-10 | $10,862,292 |
| 8 | Tiospa Zina Tribal School | PO BOX 719, Agency Vlg, SD 57262-0719 | SD | 1982-10 | $8,953,414 |
| 9 | Trinity School Of Durham And Chapel Hill Inc | 4011 Pickett Rd, Durham, NC 27705-5335 | NC | 1996-03 | $8,555,674 |
| 10 | World Communications Charter School | 512 S Broad St, Philadelphia, PA 19146-1613 | PA | 1998-04 | $6,496,070 |
| 11 | The School Of Liberal Arts And Science Inc | PO BOX 5129, Dallas, TX 75208-9129 | TX | 1998-11 | $6,263,173 |
| 12 | Virgin Islands Montessori School Inc | 6936 Vessup Ln, St Thomas | international | 1996-10 | $4,458,348 |
| 13 | Woodward Christian Academy Inc | PO BOX 1166, Woodward, OK 73802-1166 | OK | 1995-06 | $505,267 |
| 14 | Cornerstone Tutorial Center Inc | 948 S 91st E Ave, Tulsa, OK 74112 | OK | 1998-06 | $93,456 |
| 15 | Arise Christian School Inc | 100 Chuck Sewell Dr, Marietta, OK 73448-1600 | OK | 1998-06 | $0 |
| 16 | Carver Middle School Foundation Inc | Po Box 520952, Tulsa, OK 74152-0767 | OK | 1993-04 | $0 |
| 17 | Christian Crusaders Academy Inc | PO BOX 244, Purcell, OK 73080-0244 | OK | 1995-04 | $0 |
| 18 | Oklahoma Education Association Of Oklahoma City | 1330 N Classen Blvd Ste 101, Oklahoma City, OK 73106-6834 | OK | 1976-04 | $0 |
| 19 | St Marys Episcopal School Inc | 505 E Covell Rd, Edmond, OK 73034-4138 | OK | 1995-10 | $0 |
| 20 | Take Two Alternative Educational Services Of Southern Oklahoma Inc | Pobox 1709, Ardmore, OK 73401 | OK | 1997-07 | $0 |
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| Total | 785 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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