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Cornerstone Preparatory School, Inc.

Company Details

Name: Cornerstone Preparatory School, Inc.
Legal type: Kentucky Corporation
Status: Active
Standing: Good
Profit or Non-Profit: Non-profit
File Date: 20 May 2019 (6 years ago)
Organization Date: 20 May 2019 (6 years ago)
Last Annual Report: 23 Oct 2024 (5 months ago)
Organization Number: 1059269
Industry: Educational Services
Number of Employees: Small (0-19)
ZIP code: 42431
City: Madisonville
Primary County: Hopkins County
Principal Office: 145 East Center Street, Madisonville, KY 42431
Place of Formation: KENTUCKY

Registered Agent

Name Role
Cliff Nance Registered Agent

Director

Name Role
Cliff A Nance Director
Anthony R Knight Director
Anthony Knight Director
Aimee Laffoon Director
Tim Morgan Director
Cliff Nance Director
Aimee Renee Laffoon Director

Incorporator

Name Role
Cliff Nance Incorporator

Officer

Name Role
Aimee Renee Laffoon Officer

Filings

Name File Date
Reinstatement Certificate of Existence 2024-10-23
Reinstatement 2024-10-23
Reinstatement Approval Letter Revenue 2024-10-22
Administrative Dissolution 2024-10-12
Annual Report 2023-06-09
Annual Report 2022-06-07
Annual Report 2021-04-09
Annual Report 2020-06-01
Amendment 2019-07-03

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
84-1843718 Corporation Unconditional Exemption 145 E CENTER STREET, MADISONVILLE, KY, 42431-2075 2019-12
In Care of Name -
Group Exemption Number 0000
Subsection Charitable Organization, Educational Organization, Literary Organization, Organization to Prevent Cruelty to Animals, Organization to Prevent Cruelty to Children, Organization for Public Safety Testing, Religious Organization, Scientific Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Government Instrumentality, Title-Holding Corporation, Charitable Organization, Educational Organization, Local Association of Employees, Agricultural Organization, Horticultural Organization, Board of Trade, Business League, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Voluntary Employees' Beneficiary Association (Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Mutual Ditch or Irrigation Co., Burial Association, Cemetery Company, Credit Union, Other Mutual Corp. or Assoc., Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Deductibility Contributions are deductible.
Foundation School 170(b)(1)(A)(ii)
Tax Period 2023-06
Asset 25,000 to 99,999
Income 500,000 to 999,999
Filing Requirement 990 (all other) or 990EZ return
PF Filing Requirement No 990-PF return
Accounting Period Jun
Asset Amount 56496
Income Amount 700483
Form 990 Revenue Amount 700483
National Taxonomy of Exempt Entities Education: Elementary, Secondary Education, K - 12
Sort Name -

Publication 78 Data

Description Organizations eligible to receive tax-deductible charitable contributions. Users may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List Yes
Deductibility Type of organization and use of contribution: A public charity. Deductibility Limitation: 50% (60% for cash contributions)

Determination Letter

Final Letter(s) FinalLetter_84-1843718_CORNERSTONEPREPARATORYSCHOOLINC_07262019_01.tif

Copies of Returns (990, 990-EZ, 990-PF, 990-T)

Organization Name CORNERSTONE PREPARATORY SCHOOL INC
EIN 84-1843718
Tax Period 202206
Filing Type E
Return Type 990
File View File
Organization Name CORNERSTONE PREPARATORY SCHOOL INC
EIN 84-1843718
Tax Period 202106
Filing Type E
Return Type 990
File View File
Organization Name CORNERSTONE PREPARATORY SCHOOL INC
EIN 84-1843718
Tax Period 202006
Filing Type E
Return Type 990
File View File
Organization Name CORNERSTONE PREPARATORY SCHOOL INC
EIN 84-1843718
Tax Period 201906
Filing Type E
Return Type 990EZ
File View File

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
6698337008 2020-04-07 0457 PPP 145 EAST CENTER ST, MADISONVILLE, KY, 42431-2038
Loan Status Date 2021-02-25
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 51900
Loan Approval Amount (current) 51900
Undisbursed Amount 0
Franchise Name -
Lender Location ID 27217
Servicing Lender Name Independence Bank of Kentucky
Servicing Lender Address 2425 Frederica St, OWENSBORO, KY, 42301-5437
Rural or Urban Indicator R
Hubzone Y
LMI N
Business Age Description New Business or 2 years or less
Project Address MADISONVILLE, HOPKINS, KY, 42431-2038
Project Congressional District KY-01
Number of Employees 9
NAICS code 611699
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Non-Profit Organization
Originating Lender ID 27217
Originating Lender Name Independence Bank of Kentucky
Originating Lender Address OWENSBORO, KY
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 52320.89
Forgiveness Paid Date 2021-02-04

Sources: Kentucky Secretary of State