Mission
TO PROVIDE STUDENTS (GRADES K-12) WITH A COMPREHENSIVE COLLEGE-PREPARATORY EDUCATION FROM A CHRISTIAN PERSPECTIVE, DEVELOPING THE STUDENT'S INDEPENDENT STUDY SKILLS, WORK ETHIC AND STUDY HABITS CRITICAL TO COLLEGE STUDENTS.
Public Charity
CORNERSTONE PREPARATORY ACADEMY INC
CORNERSTONE PREPARATORY ACADEMY INC, of ACWORTH, GA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $3.4M in revenue, $3.8M in expenses, $10.9M in total assets. 3 publicly reported grants to this organization, totaling roughly $16K, appear in IRS filings.
EIN: 311832330
ACWORTH, GA
Elementary & Secondary Schools
NTEE: B20
Latest filing: 2025
Total Revenue$3.4M
Total Expenses$3.8M
Total Assets$10.9M
Grant Records3
Funding Total$16K
Filing Years2021–2025
Where $100 goes at Cornerstone Preparatory Academy Inc
How Cornerstone Preparatory Academy Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$81
Programs
the work itself
$19
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $81 for programs
$81
Approximately 500 students were served and provided with elementary and/or secondary school education - provided in christian based, parent-involved and traditionally instructed classroom settings
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
For grant recipient's exempt purposes
$10,000
EDUCATION
$5,500
$500
Showing up to 5 of 3 total records — full history available with membership.
Officers & Directors
DIRECTOR
Alison Luke
VICE CHAIR
Andrew Baines
DIRECTOR
Bryan Galat
TREASURER
Christian Pitts
BOARD CHAIRMAN
Erik Speer
DIRECTOR
Fred Borders
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $3.4M | $3.8M | $10.9M |
| 2024 | $3.7M | $3.6M | $11.6M |
| 2023 | $3.8M | $3.6M | $12.0M |
| 2022 | $3.9M | $3.3M | $11.9M |
| 2021 | $3.8M | $3.3M | $10.2M |
Between 2021 and 2025, reported annual revenue declined from $3.8M to $3.4M (-10%), with total assets most recently reported at $10.9M.
Interactive year-over-year charts and full filing details available with membership.