Cornerstone School Of Summit Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 765,088 | 787,748 | −22,660 | -1.2 | 58% |
| 2015 | 772,436 | 753,148 | 19,288 | -0.9 | 60% |
| 2017 | 834,114 | 767,513 | 66,601 | 1.6 | 0% |
| 2018 | 897,944 | 823,142 | 74,802 | 2.5 | 60% |
| 2019 | 952,597 | 940,871 | 11,726 | 2.3 | 56% |
| 2020 | 776,414 | 818,766 | −42,352 | 2.0 | 61% |
| 2021 | 1,004,041 | 818,171 | 185,870 | 4.7 | 70% |
| 2022 | 1,020,711 | 941,369 | 79,342 | 5.1 | 71% |
| 2023 | 1,063,559 | 1,007,613 | 55,946 | 5.5 | 69% |
In its most recent public year (2023), this organization brought in $55,946 more than it spent. Its reserves stood at about 5.5 months of spending, up from -1.2 in 2014. Staff pay was 69% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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