Skip to content
ProPublica Donate
ProPublica Donate

Cornerstone Academy

  • Arlington, TX
  • Tax-exempt since Feb. 2013
  • EIN: 20-8135048

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Kindergarten, Preschool, Nursery School, Early Admissions (NTEE)

Donations to this organization are tax deductible.

Details

According to its Aug. 2024 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.
Reported a significant diversion of assets
Organizations must report any significant unauthorized use of assets upon discovery. A diversion of assets is significant if it exceeds 5% of the organization's gross receipts or assets or $250,000, whichever is lower. Details must be reported on Schedule O.

Summary charts: organization finances over time

Revenue
$388k (2024)

Expenses
$1.36M (2024)

Total Assets
$151k (2024)

Total Liabilities
$18.4k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Aug.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$388,382
Expenses
$1,360,256
Net Income
-$971,874
Net Assets
$132,871
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,425
8.9%
Program Services $345,841
89.0%
Investment Income $8,116
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $122,500
9.0%
Professional Fundraising Fees $0
Other Salaries and Wages $413,516
30.4%
Assets/Debt
Total Assets $151,292
Total Liabilities $18,421
Net Assets $132,871
Other
Operated a school
Reported a significant diversion of assets
Compensation
Key Employees and Officers Compensation Related Other
Carla Smith (Academy Director) $150,000 $0 $0
Hester Hetley (Board President) $0 $0 $0
Jennifri Howell (Secretary) $0 $0 $0
Gerald Alley (Treasurer) $0 $0 $0
William Dwight Mckissic Sr (School Board Member) $0 $0 $0
Samantha Sells (Board Member) $0 $0 $0
Ed Heatley (Board Member) $0 $0 $0
Vera Mckissic (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 27, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Aug.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,421,329
Expenses
$1,206,586
Net Income
$214,743
Net Assets
$741,738
Notable Sources of Revenue Percent of Total Revenue
Contributions $680,251
47.9%
Program Services $733,299
51.6%
Investment Income $7,779
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $201,025
16.7%
Professional Fundraising Fees $0
Other Salaries and Wages $418,292
34.7%
Assets/Debt
Total Assets $774,747
Total Liabilities $33,009
Net Assets $741,738
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Carla Smith (40) $150,512 $0 $0
Hester Hetley (Board President) $0 $0 $0
William Dwight Mckissic Sr (School Board Member) $0 $0 $0
Vera Mckissic (School Board Member) $0 $0 $0
Gerald Alley (Treasurer) $0 $0 $0
Jennifri Howell (Secretary) $0 $0 $0
Samantha Sells (Board Member) $0 $0 $0
Ed Heatley (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 28, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,125,300
Expenses
$906,478
Net Income
$218,822
Net Assets
$403,198
Notable Sources of Revenue Percent of Total Revenue
Contributions $509,207
45.3%
Program Services $615,116
54.7%
Investment Income $977
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $139,792
15.4%
Professional Fundraising Fees $0
Other Salaries and Wages $254,297
28.1%
Assets/Debt
Total Assets $425,107
Total Liabilities $21,909
Net Assets $403,198
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Carla Smith (Academy Director) $139,792 $0 $0
Hester Hetley (Board President) $0 $0 $0
William Dwight Mckissic Sr (School Board Member) $0 $0 $0
Vera Mckissic (School Board Member) $0 $0 $0
Gerald Alley (Treasurer) $0 $0 $0
Jenny Howell (Secretary) $0 $0 $0
William Tolbert (3) $0 $0 $0
Samantha Sells (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Dec. 8, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$905,247
Expenses
$684,977
Net Income
$220,270
Net Assets
$264,819
Notable Sources of Revenue Percent of Total Revenue
Contributions $270,495
29.9%
Program Services $301,292
33.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $333,460
36.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $86,524
12.6%
Professional Fundraising Fees $0
Other Salaries and Wages $182,081
26.6%
Assets/Debt
Total Assets $294,027
Total Liabilities $29,208
Net Assets $264,819
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Carla Smith (School Director) $86,524 $0 $0
Hester Hetley (Board President) $0 $0 $0
William Mckissic (School Board Member) $0 $0 $0
Vera Mckissic (School Board Member) $0 $0 $0
Gerald Alley (Treasurer) $0 $0 $0
Cherly Jones (School Board Member) $0 $0 $0
William Tolbert (School Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Dec. 16, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$295,559
Expenses
$539,796
Net Income
-$244,237
Net Assets
$54,018
Notable Sources of Revenue Percent of Total Revenue
Contributions $52,450
17.7%
Program Services $243,109
82.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $85,779
15.9%
Professional Fundraising Fees $0
Other Salaries and Wages $353,736
65.5%
Assets/Debt
Total Assets $88,836
Total Liabilities $34,818
Net Assets $54,018
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Carla Smith (School Director) $85,000 $0 $0
Hester Hetley (Board President) $0 $0 $0
William Mckissic (School Boarad Member) $0 $0 $0
Vera Mckissic (School Board Member) $0 $0 $0
Gerald Alley (Treasurer) $0 $0 $0
Cherly Jones (School Board Member) $0 $0 $0
William Tolbert (School Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Aug. 4, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Aug.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$748,483
Expenses
$762,987
Net Income
-$14,504
Net Assets
-$24,677
Notable Sources of Revenue Percent of Total Revenue
Contributions $525,752
70.2%
Program Services $224,111
29.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$1,380
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $238,065
31.2%
Assets/Debt
Total Assets $10,864
Total Liabilities $35,541
Net Assets -$24,677

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$747,026
Expenses
$752,397
Net Income
-$5,371
Net Assets
-$2,423
Notable Sources of Revenue Percent of Total Revenue
Contributions $107,455
14.4%
Program Services $235,385
31.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $404,186
54.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $255,169
33.9%
Assets/Debt
Total Assets $6,728
Total Liabilities $9,151
Net Assets -$2,423
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Wm Dwight Mckissic (Director) $0 $0 $0
Hester Heatley (Board President) $0 $0 $0
Vera Mckissic (Secretary) $0 $0 $0
Gerald Alley (Treasury) $0 $0 $0
+ View more people

Document Links

990
Filed on June 10, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$757,286
Expenses
$776,901
Net Income
-$19,615
Net Assets
$2,948
Notable Sources of Revenue Percent of Total Revenue
Contributions $75,608
10.0%
Program Services $272,419
36.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $409,259
54.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $265,688
34.2%
Assets/Debt
Total Assets $13,721
Total Liabilities $10,773
Net Assets $2,948
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Wm Dwight Mckissic (Director) $0 $0 $0
Vera Mckissic (Secretary) $0 $0 $0
Gerald Alley (Treasury) $0 $0 $0

Document Links

990
Filed on June 27, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$778,934
Expenses
$768,521
Net Income
$10,413
Net Assets
$22,563
Notable Sources of Revenue Percent of Total Revenue
Contributions $76,751
9.9%
Program Services $264,761
34.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $437,422
56.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $268,664
35.0%
Assets/Debt
Total Assets $38,493
Total Liabilities $15,930
Net Assets $22,563
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Wm Dwight Mckissic (Director) $0 $0 $0
Mary Ann Burton (Director) $0 $0 $0
Vera Mckissic (Vice President) $0 $0 $0
Gerald Alley (Treasury) $0 $0 $0
+ View more people

Document Links

990
Filed on May 16, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$380,221
Expenses
$368,320
Net Income
$11,901
Net Assets
$12,150
Notable Sources of Revenue Percent of Total Revenue
Contributions $104,833
27.6%
Program Services $257,064
67.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $18,324
4.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $310,194
84.2%
Assets/Debt
Total Assets $34,192
Total Liabilities $22,042
Net Assets $12,150
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Wm Dwight Mckissic (Director) $0 $0 $0
Mary Ann Burton (Director) $0 $0 $0
Vera Mckissic (Vice President) $0 $0 $0
Gerald Alley (Treasury) $0 $0 $0
Sonja Gaddy (Secretary) $0 $0 $0
+ View more people

Document Links

990
Filed on April 14, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$518,221
Expenses
$528,754
Net Income
-$10,533
Net Assets
$249
Notable Sources of Revenue Percent of Total Revenue
Contributions $149,219
28.8%
Program Services $362,515
70.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,487
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $382,838
72.4%
Assets/Debt
Total Assets $26,310
Total Liabilities $26,061
Net Assets $249
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
William Dwight Mic Kissic (Director) $0 $0 $0
Mary Ann Burton (Dirtector) $0 $0 $0
Fred Kimble (President) $0 $0 $0
Vera Mc Kissic (Vice President) $0 $0 $0
Gerald Alley (Treasury) $0 $0 $0
Sonja Gaddy (Secretary) $0 $0 $0
+ View more people

Document Links

990
Filed on May 16, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$551,804
Expenses
$507,203
Net Income
$44,601
Net Assets
$10,782
Notable Sources of Revenue Percent of Total Revenue
Contributions $165,548
30.0%
Program Services $386,256
70.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $401,034
79.1%
Assets/Debt
Total Assets $34,827
Total Liabilities $24,045
Net Assets $10,782

Document Links

990
Filed on July 8, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$533,055
Expenses
$529,475
Net Income
$3,580
Net Assets
-$926
Notable Sources of Revenue Percent of Total Revenue
Contributions $144,111
27.0%
Program Services $388,103
72.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $841
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $424,450
80.2%
Assets/Debt
Total Assets $10,239
Total Liabilities $11,165
Net Assets -$926

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Aug.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$481,292
Expenses
$500,498
Net Income
-$19,206
Net Assets
-$11,690
Notable Sources of Revenue Percent of Total Revenue
Contributions $113,798
23.6%
Program Services $367,494
76.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $754
0.2%
Other Salaries and Wages $409,557
81.8%
Assets/Debt
Total Assets -$11,690
Total Liabilities $0
Net Assets -$11,690

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Contact Us

About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated