CORNERSTONE ACADEMY INC LAKEWAY CHRISTIAN SCHOOLS

CORNERSTONE ACADEMY INC LAKEWAY CHRISTIAN SCHOOLS

Morristown, TN, US
501(c)3
EIN
74-3169328
School

CORNERSTONE ACADEMY INC LAKEWAY CHRISTIAN SCHOOLS

Morristown, TN, US
501(c)3
EIN
74-3169328
School

Balance Sheet

Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)

$111,546,213

Property, Plant, & Equipment (net)
63%
Investments
22%
Other Assets
9%
Cash & Equivalents
6%
Inventories
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Prepaid Expenses
0%
Liabilities in 2025 (Year End)

$2,118,251

Payables & Accruals
>99%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2024
2025
Change
Cash & Equivalents
$6,712,239
$6,540,432
-3%
Receivables (Non-Related)
$61,250
$0
-100%
Related-Party Receivables
-
-
-
Inventories
$52,514
$57,399
+9%
Prepaid Expenses
-
-
-
Investments
$23,989,497
$23,989,497
+0%
Property, Plant, & Equipment (net)
$70,757,761
$70,757,761
+0%
Other Assets
$9,567,372
$10,201,124
+7%
Total Assets
$111,140,633
$111,546,213
+0%
Liabilities
2024
2025
Change
Payables & Accruals
$1,247,994
$2,118,251
+70%
Grants Payable
-
-
-
Deferred Revenue
$428,380
$0
-100%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,676,374
$2,118,251
+26%
Net assets
2024
2025
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2024
2025
Change
Net assets
+$109,464,259
+$109,427,962
0%
Balance Sheet
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