2026-06-10T08:38:43-05:00 2025-07-31 381910111 UHY ADVISORS GREAT LAKES INC 27725 STANSBURY BLVD SUITE 210 FARMINGTON HILLS MI 48334 990 2024-08-01 382995984 CORNERSTONE SCHOOLS ASSOCIATION CORN 3138921860 6861 E NEVADA DETROIT MI 48234 MIKE CARR CHAIRMAN OF THE BOARD 3138921860 2026-06-10 1 0 STEVEN KATZMAN P00950685 2483550280 2026-06-10 2024 2025-03-06 01:10:19Z MIKE CARR 6861 E NEVADA DETROIT MI 48234 928085 0 X WWW.CORNERSTONESCHOOLS.ORG X 1991 MI CORNERSTONE WILL, THROUGH PARTNERSHIP WITH FAMILIES, SCHOOLS, THE BUSINESS COMMUNITY, AND A BROAD AND BELOVED COMMUNITY, SUPPORT THE EFFORT TO BUILD A MODEL OF EXCELLENCE IN URBAN EDUCATION BY ENCOURAGING THE CREATION OF CENTERS OF HOPE FOR THE CHILDREN OF DETROIT WHICH WILL PREPARE STUDENTS TO LIVE THE COMPLETE LIFE THROUGH ACADEMICS, ATHLETICS, AND AFTER SCHOOL ACTIVITIES. 4 4 0 0 0 0 74775 44366 836787 883707 24 12 0 0 911586 928085 0 1062362 0 0 0 0 0 0 0 1454919 1243130 1454919 2305492 -543333 -1377407 7402591 6990518 93947 1547817 7308644 5442701 X CORNERSTONE WILL, THROUGH PARTNERSHIP WITH FAMILIES, SCHOOLS, THE BUSINESS COMMUNITY, AND A BROAD AND BELOVED COMMUNITY, SUPPORT THE EFFORT TO BUILD A MODEL OF EXCELLENCE IN URBAN EDUCATION BY ENCOURAGING THE CREATION OF CENTERS OF HOPE FOR THE CHILDREN OF DETROIT WHICH WILL PREPARE STUDENTS TO LIVE THE COMPLETE LIFE THROUGH ACADEMICS, ATHLETICS, AND AFTER SCHOOL ACTIVITIES. 0 0 2131467 1062362 883707 THE ASSOCIATION FOCUSES ON WAYS TO ASSIST CORNERSTONE EDUCATION GROUP (CEG) IN ITS EDUCATIONAL MISSION AS WELL AS OFFERING CHRIST CENTERED ACTIVITIES TO STUDENTS ARE PARENTS ON A VOLUNTARY BASIS OUTSIDE OF REGULAR SCHOOL HOURS. THE ASSOCIATION ALSO LEASES FACILITIES TO CEG AT ITS NEVADA CAMPUS AND COLLECTS LICENSING FEES TO FUND ITS MISSION. 2131467 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 0 0 0 X X MIKE CARR 3138921860 6861 E NEVADA DETROIT MI 48234 X MICHAEL CARR PRESIDENT 2.00 X X 0 0 0 KATHLEEN THORREZ SECRETARY 2.00 X 0 0 0 CAROL MANSFIELD TREASURER 2.00 X 0 0 0 JOE THORREZ DIRECTOR 2.00 X 0 0 0 TATIANA GRANT DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 44366 44366 RENTAL REVENUE - CEG 532000 777363 777363 SUPPORT SERVICE REVENU 611710 106344 106344 883707 12 12 928085 883707 0 12 1062362 1062362 114625 93284 21341 54915 44691 10224 219943 178994 40949 13260 13260 7489 7489 64908 64908 633058 611537 21521 19095 19095 OUTREACH SUPPLIES 66932 66932 REPAIRS & MAINTENANCCE 21004 21004 UTILITIES 18581 18581 HARDWARE & SUPPLIES 6339 6339 2981 2420 561 2305492 2131467 174025 0 91186 86641 2970 5 216801 97375 532 20568210 13762245 7091634 6805965 7402591 6990518 93947 22627 189600 1335590 93947 1547817 X 7246461 5380506 62183 62195 7308644 5442701 7402591 6990518 -1377407 -488536 0 X X 1 X 0 1 0 X 120032 74775 44366 239173 120032 74775 44366 239173 119355 119818 4027 40 25 24 12 4128 335 335 243636 883707 0.49180 0.47210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 62183 12 62195 62159 24 0 62183 62134 25 0 62159 118775 40 56681 62134 226585 4027 111837 118775 0.00000 0.00000 1.00000 0 0 16984258 11583168 5401090 1611913 526919 1084994 1340083 1318126 21957 631956 334032 297924 6805965 X PART V, LINE 4: NET ASSETS WITH DONOR RESTRICTIONS WERE RELEASED FROM RESTRICTIONS BY INCURRING EXPENSES SATISFYING THE RESTRICTED PURPOSES OR BY OCCURRENCE OF EVENTS SPECIFIED BY THE DONORS AND WERE RECLASSIFIED TO NET ASSTS WITHOUT DONOR RESTRICTION FOR OPERATIONS AND PROGRAMS. PART X, LINE 2: THE ASSOCIATION IS A NONPROFIT CORPORATION AND IS EXEMPT FROM INCOME TAXES UNDER PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(A) RELATING TO NONPROFIT ORGANIZATIONS, SUCH AS AN ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ASSOCIATION AND RECOGNIZE A TAX LIABILITY IF THE ASSOCIATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ASSOCIATION AND HAS CONCLUDED THAT AS OF JULY 31, 2025 AND 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OF DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. 1 THE NEW COMMON SCHOOL FOUNDATION 6861 E NEVADA DETROIT MI 48234 383326860 C3 1051930 0 FAIR MARKET VALUE TO FURTHER THE MISSION OF THE NEW COMMON SCHOOL FOUNDATION 1 1 FORM 990, PART VI, SECTION A, LINE 2 KATHLEEN AND JOE THORREZ ARE MARRIED. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED AND APPROVED BY THE CHAIR OF THE BOARD PRIOR TO FILING. EACH BOARD MEMBER RECEIVES A COPY OF THE FORM 990 BEFORE THE RETURN IS FILED AND HAS AN OPPORTUNITY TO REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C AS A MEMBER OF INDEPENDENT SCHOOLS ASSOCIATION OF CENTRAL STATES (ISACS), CSA SUBSCRIBES TO THEIR BEST PRACTICES GUIDELINE. IF WE WERE TO HAVE A CONFLICT, THE BOARD CHAIR WOULD FOLLOW THE ISACS GUIDELINES. THE BOARD FOLLOWS ISO STANDARDS AND COMPLETES MONTHLY VENDOR REVIEWS TO MONITOR POSSIBLE CONFLICTS. THE CONFLICT OF INTEREST POLICY COVERS BOARD MEMBERS AND ALL EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 THE CEO POSITION WAS ELIMINATED SEVERAL YEARS AGO, AND THE ORGANIZATION'S TOP MANAGMENT OFFICIAL IS COMPENSATED REASONABLY. FORM 990, PART VI, SECTION C, LINE 19 REQUESTS CAN BE MADE IN WRITING OR VIA EMAIL. FINANCIALS AND FORM 990 ARE POSTED ON OUR WEBSITE. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.