Cornerstone Christian Academy

The information on this page was last updated 3/21/2023. If you see errors or omissions, please email: [email protected]


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

Contact information

Mailing address:
Cornerstone Christian Academy
1939 S. 58th St.
Philadelphia, PA 19143


Phone: 215-724-6858

Email: [email protected]

Organization details

EIN: 232499985

CEO/President: Dick Ollinger

Chairman: Kenneth Frazier, Esq

Board size: 17


Ruling year: 1988

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2004


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

Show donor confidence score details

Transparency grade


To understand our transparency grade, click here.

Financial efficiency ratings

Sector: K-12 Schools/Academies

CategoryRatingOverall rankSector rank
Overall efficiency rating278 of 107720 of 48
Fund acquisition rating39 of 107814 of 48
Resource allocation rating921 of 107844 of 48
Asset utilization rating215 of 10779 of 48

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
Spending ratio Spending ratio =
Total expenses /
Total revenue
Program output ratio Program output ratio =
Program services /
Total revenue
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
Debt ratio Debt ratio =
Debt /
Total assets
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses


Balance sheet
Receivables, inventories, prepaids$56,602$6,838$19,450$68,717$168,353
Short-term investments$1,948,285$2,030,228$1,064,548$959,918$0
Other current assets$0$0$0$0$0
Total current assets$2,243,431$2,212,953$1,197,873$1,438,095$1,084,569
Long-term investments$0$0$0$0$0
Fixed assets$668,368$739,920$966,038$1,013,588$1,044,748
Other long-term assets$0$0$0$0$490,565
Total long-term assets$668,368$739,920$966,038$1,013,588$1,535,313
Total assets$2,911,799$2,952,873$2,163,911$2,451,683$2,619,882
Payables and accrued expenses$175,435$176,625$161,761$163,328$190,573
Other current liabilities$0$0$0$0$2,224
Total current liabilities$175,435$176,625$161,761$163,328$192,797
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$393,100$0$0$0$0
Total long-term liabilities$393,100$0$75,000$0$0
Total liabilities$568,535$176,625$236,761$163,328$192,797
Net assets20202019201820172016
Without donor restrictions$1,172,695$1,730,168$1,786,815$2,185,691$96,055
With donor restrictions$1,170,569$1,046,080$140,335$102,664$2,331,030
Net assets$2,343,264$2,776,248$1,927,150$2,288,355$2,427,085
Revenues and expenses
Total contributions$1,890,599$2,987,209$1,601,239$1,727,335$1,595,052
Program service revenue$1,182,010$1,179,423$1,093,963$1,337,759$721,701
Membership dues$0$0$0$0$0
Investment income$63,699$53,523$46,291$46,359$22,604
Other revenue$25,651$18,536$18,950$5,141$5,098
Total other revenue$1,271,360$1,251,482$1,159,204$1,389,259$749,403
Total revenue$3,161,959$4,238,691$2,760,443$3,116,594$2,344,455
Program services$2,500,162$2,464,767$2,318,876$2,388,115$1,609,025
Management and general$743,526$705,978$620,102$712,690$858,351
Total expenses$3,487,449$3,404,113$3,143,803$3,319,562$2,504,701
Change in net assets20202019201820172016
Surplus (deficit)($325,490)$834,578($383,360)($202,968)($160,246)
Other changes in net assets$0$0$0$0$0
Total change in net assets($325,490)$834,578($383,360)($202,968)($160,246)


Richard R OllingerPresident/CEO$89,280
Stacy NiemkiewiczFinance Director/Treasurer$71,715
Deborah LeePrincipal$67,650

Compensation data as of: 6/30/2019

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 3/21/2023. To update the information below, please email: [email protected]


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