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EIN 75-6039968

Cornerstone Credit Union Foundation

IRS 501(c) type
501(c)(3)
Num. employees
5
City
Plano
State
Texas
Year formed
1962
Most recent tax filings
2023-12-01
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
$1,652,357
2023
Total expenses
$1,514,949
2023
Total assets
$2,930,825
2023
Num. employees
5
2023

Program areas at Cornerstone Credit Union Foundation

Provide educational grants for financial wellness initiatives and continued training and educational classes for benefit of member Credit unions in the states of Texas, Arkansas, Oklahoma, Kansas, and Missouri. Training and events included 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$49,254
William and Sylvia Zale FoundationPublic Charity$20,000
Ttcu Cares FoundationAnnual Giving Campaign$5,000

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
Courtney MoranExecutive Director - FND$145,605
Dave WillisChairman / Treasurer$0
Shelli McCoyVice - Chairman / Secretary$0
...and 5 more key personnel

Financials for Cornerstone Credit Union Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,056,508
Program services$30,482
Investment income and dividends$131,911
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$427,165
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$6,291
Total revenues$1,652,357

Form 990s for Cornerstone Credit Union Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-15990View PDF
2021-122022-10-11990View PDF
2020-122021-06-01990View PDF
2019-122020-10-21990View PDF
...and 9 more Form 990s

Organizations like Cornerstone Credit Union Foundation

OrganizationLocationRevenue
PIH Health FoundationWhittier, CA$3,483,878
Archdiocese of Milwaukee Catholic Community FoundationMilwaukee, WI$2,691,077
Long Beach City College FoundationLong Beach, CA$5,980,552
Stillwater Medical FoundationStillwater, OK$4,035,083
Community Hospital Anderson FoundationAnderson, IN$590,693
Community Foundation of Carroll CountyWestminster, MD$3,383,434
Flagler County Education FoundationBunnell, FL$883,492
Northern Chautauqua Community FoundationDunkirk, NY$2,694,740
Johnson County Community FoundationFranklin, IN$5,075,535
Jamestown Community College FoundationJamestown, NY$1,863,499
Data update history
January 3, 2025
Received grants
Identified 2 new grant, including a grant for $49,254 from National Credit Union Foundation
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
Nonprofit Types
Grantmaking organizationsCorporate foundationsPublic sector nonprofitsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Operates donor advised fundsProvides grantsFundraising eventsState / local levelEndowed supportFundraising races, competitions, and tournamentsTax deductible donationsAccepts online donations
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
Central organization
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