Cornerstone Annual Report | 2018-2019
The Cornerstone story began in 1993 when we opened our doors to serve 13 students. Although much has changed since our founding, we remain committed to excellence through our kingdom purpose of empowering students to glorify God. We are blessed to continue Cornerstone’s heritage of enriching the lives of students through an affordable, Christ-centered education, which is made possible with your support. Through our generous donors, our parents, and our faculty and staff, we are achieving excellence and pursuing a mission with eternal impact. We are grateful for all of you.
The Cornerstone story began in 1993 when we opened our doors to serve 13 students. Although much has changed since our founding, we remain committed to excellence through our kingdom purpose of empowering students to glorify God. We are blessed to continue Cornerstone’s heritage of enriching the lives of students through an affordable, Christ-centered education, which is made possible with your support. Through our generous donors, our parents, and our faculty and staff, we are achieving excellence and pursuing a mission with eternal impact. We are grateful for all of you.
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Our Data<br />
<strong>2018</strong>-<strong>2019</strong><br />
Event Package Partners<br />
$<br />
9,168<br />
AVERAGE COST TO EDUCATE ONE STUDENT<br />
Altec/Styslinger Foundation<br />
ARD Contracting, Inc.<br />
Barber Companies<br />
Tracey and Richard Bielen<br />
100%<br />
OF STUDENTS RECEIVE TUITION ASSISTANCE<br />
Carolyn and Jim Bradford<br />
Cissy and Richard Brockman<br />
C.S. Beatty Construction, Inc.<br />
Mary and Christopher Compton<br />
Julie and James Goyer<br />
Mary and Victor Hanson<br />
$<br />
7,349<br />
AVERAGE TUITION ASSISTANCE PER CHILD<br />
Melinda and Bubba Helveston<br />
Virginia and John Hornsby<br />
Allison and Keith Kearney<br />
REVENUE<br />
EXPENSES<br />
Financial Summary<br />
39% TAX CREDIT SCHOLARSHIPS<br />
26% CONTRIBUTIONS<br />
18% GRANTS AND FOUNDATIONS<br />
13% TUITION<br />
4% OTHER<br />
73% SALARIES AND BENEFITS<br />
14% TECHNOLOGY & INSTRUCTION<br />
9% BUILDINGS AND INSURANCE<br />
4% DEVELOPMENT & OTHER<br />
Alabama<br />
Accountability Act<br />
<strong>Cornerstone</strong> receives funding<br />
from Scholarships for Kids, a<br />
state-approved Scholarship<br />
Granting Organization under<br />
the Alabama Accountability<br />
Act of 2013. Funding from<br />
Scholarships for Kids helps<br />
students succeed by offering<br />
scholarships for families<br />
seeking to expand educational<br />
opportunities for their children.<br />
332<br />
STUDENTS RECEIVED SCHOLARSHIPS THROUGH THE<br />
ALABAMA ACCOUNTABILITY ACT<br />
85%<br />
OF STUDENTS ZONED FOR FAILING SCHOOLS<br />
Cindy and Lee Kinnebrew<br />
Medical Properties Trust, Inc.<br />
Motor Carrier Safety Consulting<br />
Fairfax and Drayton Nabers<br />
National Bank of Commerce<br />
Protective Life Corporation<br />
Joan and James Rein<br />
Marcia and William Strickland<br />
The Thompson Foundation<br />
The Welch Group<br />
UBS Financial Services<br />
Mona and Donald Wright
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