Cornerstone Christian Academy

The information on this page was last updated 4/1/2025. If you see errors or omissions, please email: [email protected]


Summary

Inspiring hope since 1988 for children in Kindergarten through 8th grade


Contact information

Mailing address:
Cornerstone Christian Academy
P.O. Box 5520
Philadelphia, PA 19143

Website: wearecornerstone.com

Phone: 215-724-6858

Email: [email protected]


Organization details

EIN: 232499985

CEO/President: Brandon McNeice

Chairman: Wayne Geisser

Board size: 20

Founder:

Ruling year: 1988

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Our education program is focused on the WHOLE CHILD - mind, body, and spirit. Social emotional learning is integrated into the academic program.


Mission statement

The mission of Conerstone Christian Academy is to educate children, including those from underserved families in an environment that provides the highest standards for the academic achievement and spiritual development. It is our vision to be a model urban Christian school where students are grounded in faith, shaped with Christ-like character, and equipped with knowledge and skills to excel in high school, college, and throughout life.


Statement of faith

We believe that the Bible, comprised of the Old and New Testaments, is inspired by God and is the supreme and final authority in faith and life. We believe in one God existing in three persons: Father, Son and Holy Spirit. We believe in the vicarious death of the Lord Jesus Christ for our sins, the resurrection of His Body, His ascension into Heaven, and his future return to the earth. We believe salvation is available through one's acceptance of Jesus Christ as Lord and Savior. We believe that a New Testament Church is a body of baptized believers associated for worship, learning, service and the spread of the gospel for the establishment of the Kingdom of God and earth.

Donor confidence score

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Transparency grade

D

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Financial efficiency ratings

Sector: K-12 Schools/Academies

CategoryRatingOverall rankSector rank
Overall efficiency rating424 of 111518 of 50
Fund acquisition rating2 of 11161 of 50
Resource allocation rating974 of 111648 of 50
Asset utilization rating476 of 111520 of 50

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%3%5%9%13%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%4%6%8%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
12%63%78%67%60%70%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%8%8%7%7%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
88%37%22%33%40%30%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%72%71%70%72%72%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%95%49%79%110%80%
Program output ratio Program output ratio =
Program services /
Total revenue
80%68%35%55%79%58%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%5%51%21%-10%20%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%3%59%27%-14%30%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
14%26%21%22%21%21%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.560.550.901.201.15
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.241.071.081.171.301.33
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.920.600.591.051.551.54
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
3.2532.5331.496.8012.7912.53
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.310.030.030.150.080.08
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
3.1419.3619.539.787.127.18
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
33%3%3%13%20%6%
Debt ratio Debt ratio =
Debt /
Total assets
9%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
135%173%177%98%67%82%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$1,117,480$530,947$401,344$238,544$175,887
Receivables, inventories, prepaids$1,818,798$3,044,203$24,725$56,602$6,838
Short-term investments$4,537,519$3,234,135$3,235,507$1,948,285$2,030,228
Other current assets$0$0$0$0$0
Total current assets$7,473,797$6,809,285$3,661,576$2,243,431$2,212,953
Long-term investments$0$0$0$0$0
Fixed assets$508,357$569,630$614,615$668,368$739,920
Other long-term assets$0$0$0$0$0
Total long-term assets$508,357$569,630$614,615$668,368$739,920
Total assets$7,982,154$7,378,915$4,276,191$2,911,799$2,952,873
 
Liabilities20232022202120202019
Payables and accrued expenses$229,768$216,221$170,260$175,435$176,625
Other current liabilities$0$0$368,370$0$0
Total current liabilities$229,768$216,221$538,630$175,435$176,625
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$393,100$0
Total long-term liabilities$0$0$0$393,100$0
Total liabilities$229,768$216,221$538,630$568,535$176,625
 
Net assets20232022202120202019
Without donor restrictions$1,255,096$2,132,130$2,008,800$1,172,695$1,730,168
With donor restrictions$6,497,290$5,030,564$1,728,761$1,170,569$1,046,080
Net assets$7,752,386$7,162,694$3,737,561$2,343,264$2,776,248
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$2,996,119$6,456,910$3,241,139$1,890,599$2,987,209
Program service revenue$1,621,072$1,588,300$1,398,854$1,182,010$1,179,423
Membership dues$0$0$0$0$0
Investment income$77,475$167,644$176,229$63,699$53,523
Other revenue$24,393$30,827$7,871$25,651$18,536
Total other revenue$1,722,940$1,786,771$1,582,954$1,271,360$1,251,482
Total revenue$4,719,059$8,243,681$4,824,093$3,161,959$4,238,691
 
Expenses20232022202120202019
Program services$3,222,411$2,871,101$2,672,345$2,500,162$2,464,767
Management and general$1,184,906$840,678$858,182$743,526$705,978
Fundraising$82,314$338,345$300,781$243,761$233,368
Total expenses$4,489,631$4,050,124$3,831,308$3,487,449$3,404,113
 
Change in net assets20232022202120202019
Surplus (deficit)$229,428$4,193,557$992,785($325,490)$834,578
Other changes in net assets$0$0$0$0$0
Total change in net assets$229,428$4,193,557$992,785($325,490)$834,578

Compensation

NameTitleCompensation
Stacy NiemkiewiczDirector of Finance Until Feb 2023$101,406
Richell Y FurrPrincipal$100,246
Robert JaraCEO - Until March 2023$88,295

Compensation data as of: 6/30/2023


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 4/1/2025. To update the information below, please email: [email protected]


History


Program accomplishments

170 Students enrolled

18:1 Student/Teacher ratio

98% Of 8th grade graduates earn a high school diploma within four years

75% Of graduates attend college

$1M In student financial aid per year

500+ Donors and volunteers support CCA annually


Needs