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

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2025

$1,807,275

Program Services
74%
Contributions
18%
Other
6%
Investments
2%
Fundraising Events
1%
Government Grants
0%
Membership Dues
0%
Expenses in 2025

$1,843,572

Other
37%
Grants
20%
Salaries & Benefits
17%
Advertising & Promotion
16%
Offices, Occupancy & IT
6%
Fees to Service Providers
3%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2024
2025
Change
Contributions
$19,667,472
$317,972
-98%
Government Grants
$0
$0
-
Fundraising Events
$424,494
$25,134
-94%
Program Services
$13,761,350
$1,333,988
-90%
Membership Dues
$0
$0
-
Investments
$662,416
$27,200
-96%
Other
$2,709,355
$102,981
-96%
Total Revenues
$37,225,087
$1,807,275
-95%
Expenses
2024
2025
Change
Grants
$4,791,656
$377,796
-92%
Benefits to Members
$0
$0
-
Salaries & Benefits
$10,092,082
$313,653
-97%
Fees to Service Providers
$547,006
$46,574
-91%
Advertising & Promotion
$72,886
$299,610
+311%
Offices, Occupancy & IT
$894,186
$118,795
-87%
Interest
$0
$0
-
Depreciation
$3,112,556
$0
-100%
Other
$3,302,910
$687,144
-79%
Total Expenses
$22,813,282
$1,843,572
-92%
Net income
2024
2025
Change
Net income
+$14,411,805
-$36,297
-100%
Functional Expenses
Summary
2024
2025
Change
Program
$20,502,352
$1,624,471
-92%
Admin
$2,217,681
$219,101
-90%
Fundraising
$93,249
$0
-100%
Total Expenses
$22,813,282
$1,843,572
-92%
Income Statement
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)