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EQUIPS STUDENTS WITH WISDOM AND KNOWLEDGE NECESSARY TO SUCCEED IN COLLEGE
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$23.8M
Program Spending
90%
of total expenses go to program services
Total Contributions
$22.9M
Total Expenses
▼$20.3M
Total Assets
$27.4M
Total Liabilities
▼$682.7K
Net Assets
$26.7M
Officer Compensation
→$981.6K
Other Salaries
$11.7M
Investment Income
$904.4K
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Years audited
8
Clean years
8
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditurecombined across all audits filed that year | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $1.9M | Yes | 2025-12-18 |
| 2024 | Clean | Unmodified (Clean) | $5.2M | Yes | 2024-12-03 |
| 2023 | Clean | Unmodified (Clean) | $4M | No | 2023-12-15 |
| 2020 | Clean | Unmodified (Clean) | $2M | Yes | 2021-02-03 |
| 2019 | Clean | Unmodified (Clean) | $2.6M | Yes | 2020-03-30 |
| 2018 | Clean | Unmodified (Clean) | $2.6M | Yes | 2019-03-28 |
| 2017 | Clean | Unmodified (Clean) | $2.1M | Yes | 2018-01-17 |
| 2016 | Clean | Unmodified (Clean) | $2.3M | Yes | 2017-02-05 |
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$1.9M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$5.2M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$4M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$2M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$2.6M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$2.6M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$2.1M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$2.3M
Tax Year 2023 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024 | $23.8M | $22.9M | $20.3M | $27.4M | $26.7M |
| 2023IRS e-File | $23.8M | $22.9M | $20.3M | $27.4M | $26.7M |
| 2022 | $20.3M | $20.3M | $16.2M | $24.5M | $20.8M |
| 2021 | $16M | $15.9M | $15.8M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Drew Sippel | Executive Director | 50 | $245.1K | $0 | $0 | $245.1K |
| Paul F T Edwards | Secretary | 2 | $0 | $0 | $0 | $0 |
| Thomas M Marino | Vice Chairman | 2 | $0 | $0 | $0 | $0 |
| Scott Walker | Chairman | 2 | $0 | $0 | $0 | $0 |
Drew Sippel
Executive Director
$245.1K
Hrs/Wk
50
Compensation
$245.1K
Related Orgs
$0
Other
$0
Paul F T Edwards
Secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Thomas M Marino
Vice Chairman
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Scott Walker
Chairman
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Michelle Lyons | Principal Of Cornerstone P | 50 | $158.1K | $0 | $0 | $158.1K |
| Yolanda Dandridge | Principal Of Cornerstone P | 50 | $120.9K | $0 | $0 | $120.9K |
| Meagan A Tate | Chief Culture Officer | 50 | $116.8K | $0 | $0 | $116.8K |
| Lacee Rodgers | Chief Academic Officer | 50 | $111.9K | $0 | $0 | $111.9K |
| Bridgette V Simmons | Dean Of Culture |
Michelle Lyons
Principal Of Cornerstone P
$158.1K
Hrs/Wk
50
Compensation
$158.1K
Related Orgs
$0
Other
$0
Yolanda Dandridge
Principal Of Cornerstone P
$120.9K
Hrs/Wk
50
Compensation
$120.9K
Related Orgs
$0
Other
$0
Meagan A Tate
Chief Culture Officer
$116.8K
Hrs/Wk
50
Compensation
$116.8K
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Camela Echols | Director | 2 | $0 | $0 | $0 | $0 |
| Dr Yolunda Bass Beale | Director | 2 | $0 | $0 | $0 | $0 |
| Elliot Perry | Director | 2 | $0 | $0 | $0 | $0 |
| Octavious Nickson | Director | 2 | $0 | $0 | $0 | $0 |
Camela Echols
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Dr Yolunda Bass Beale
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Elliot Perry
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
| $17.4M |
| $16.8M |
| 2020 | $15.8M | $15.7M | $14.4M | $17.5M | $16.6M |
| 2019 | $15.7M | $15.6M | $13.6M | $15.9M | $15.2M |
| 2018 | $15.4M | $15.4M | $13.2M | $14.3M | $13.1M |
| 2017 | $14.7M | $14.6M | $12.5M | $12.5M | $10.9M |
| 2016 | $15M | $15M | $12.4M | $9.9M | $8.8M |
| 2015 | $6.1M | $6.1M | $5.6M | $6.3M | $6.2M |
| 2014 | $5.2M | $5.2M | $4.4M | $6M | $5.8M |
| 2013 | $82 | $0 | $0 | $5M | $5M |
| 2022 | 990 | DataIRS e-File |
| 2021 | 990 | Data | PDF not yet published by IRS |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 50 |
| $103.9K |
| $0 |
| $0 |
| $103.9K |
Lacee Rodgers
Chief Academic Officer
$111.9K
Hrs/Wk
50
Compensation
$111.9K
Related Orgs
$0
Other
$0
Bridgette V Simmons
Dean Of Culture
$103.9K
Hrs/Wk
50
Compensation
$103.9K
Related Orgs
$0
Other
$0
Octavious Nickson
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0