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  4. Cornerstone Credit Union Foundation
EIN 75-6039968

Cornerstone Credit Union Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Plano
State
Texas
Year formed
1962
Most recent tax filings
2022-12-01
NTEE code, primary
W12: Public and Societal Benefit Fund Raising and Fund Distribution
Description
The Cornerstone Credit Union Foundation empowers people to improve their financial well-being and is dedicated to helping credit unions make a difference in the lives of members and communities they serve. The foundation provides educational grants and scholarships for financial literacy and continued training and educational classes for the benefit of member credit unions in Texas, Arkansas, and Oklahoma. Additionally, the foundation provides disaster relief grants.
Also known as...
Texas Credit Union Foundation
Total revenues
$1,281,131
2022
Total expenses
$1,131,957
2022
Total assets
$1,796,111
2022
Num. employees
0
2022

Program areas at Cornerstone Credit Union Foundation

Provide educational grants and scholarships for financial literacy and continued training and educational classes for benefit of member Credit unions in the states of Texas, Arkansas and Oklahoma. Training and events included financial literacy nefe training, cufinhealth conference and financial counseling certification program to benefit the public.
Provided disaster relief grants.

Who funds Cornerstone Credit Union Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
National Credit Union FoundationCommunity Investment Fund Grant$27,288
United Way of Metropolitan DallasProgram Ops Cost$26,667
William and Sylvia Zale FoundationPublic Charity$20,000

Personnel at Cornerstone Credit Union Foundation

NameTitleCompensation
Caroline WillardPresident and Chief Executive Officer Ccul / President and Chief Executive Officer - Ccul$0
Shoaib SalamatSenior Vice President Finance and Administration$0
Karen Hart Left In AprilSenior Vice President Finance and Administration - Ccul$0
Courtney MoranExecutive Director - FND$145,605
Stephen LarkSecretary / Board Member$0
...and 5 more key personnel

Financials for Cornerstone Credit Union Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$890,348
Program services$124,324
Investment income and dividends$105,369
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$131,073
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$30,017
Total revenues$1,281,131

Form 990s for Cornerstone Credit Union Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-10-11990View PDF
2020-122021-06-01990View PDF
2019-122020-10-21990View PDF
2018-122020-06-04990View PDF
...and 8 more Form 990s
Data update history
February 4, 2024
Received grants
Identified 1 new grant, including a grant for $20,000 from William and Sylvia Zale Foundation
December 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 24, 2023
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 26, 2023
Received grants
Identified 2 new grant, including a grant for $27,288 from National Credit Union Foundation
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsCharities
Issues
Education
Characteristics
Operates donor advised fundsProvides grantsFundraising eventsState / local levelEndowed supportFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employees
General information
Address
6801 Parkwood Blvd Suite 300
Plano, TX 75024
Metro area
Dallas-Fort Worth-Arlington, TX
County
Collin County, TX
Website URL
cornerstoneleague.coop/foundation 
Phone
(469) 385-6400
IRS details
EIN
75-6039968
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1962
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
W12: Public and Societal Benefit Fund Raising and Fund Distribution
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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