EIN 75-6039968

Cornerstone Credit Union Foundation

Name: Cornerstone Credit Union Foundation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Funding|Financials|Peers

IRS 501(c) type

501(c)(3)

Num. employees

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

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

Grantmaker	Grantmaker tax period	Description	Amount
National Credit Union Foundation	2024-12	Community Investsment Fund Grant	$85,643
William and Sylvia Zale Foundation	2024-08	Public Charity	$20,000
Ttcu Cares Foundation	2023-12	Annual Giving Campaign	$5,000

Financials for Cornerstone Credit Union Foundation

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$1,056,508	$890,348	18.7%
Program services	$30,482	$124,324	-75.5%
Investment income and dividends	$131,911	$105,369	25.2%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$427,165	$131,073	225.9%
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$6,291	$30,017	-79%
Total revenues	$1,652,357	$1,281,131	29%

Organizations like Cornerstone Credit Union Foundation

Organization	Type	Location	Revenue
Archdiocese of Milwaukee Catholic Community Foundation	501(c)(3)	Milwaukee, WI	$2,691,077
Long Beach City College Foundation	501(c)(3)	Long Beach, CA	$5,980,552
Foundation for Seminole County Public Schools	501(c)(3)	Sanford, FL	$4,014,975
Johnson County Community Foundation	501(c)(3)	Franklin, IN	$5,075,535
John Randolph Foundation (JRF)	501(c)(3)	Hopewell, VA	$1,602,303
Flagler County Education Foundation	501(c)(3)	Bunnell, FL	$883,492
Community Foundation of Carroll County	501(c)(3)	Westminster, MD	$3,383,434
Northern Chautauqua Community Foundation	501(c)(3)	Dunkirk, NY	$2,694,740
Lexington County School District One Educational Foundation	501(c)(3)	Lexington, SC	$414,015
Owen County Community Foundation	501(c)(3)	Spencer, IN	$1,637,876

Data update history

May 28, 2025

Received grants

Identified 1 new grant, including a grant for $85,643 from National Credit Union Foundation

January 24, 2025

Updated personnel

Identified 9 new personnel

January 22, 2025

Posted financials

Added Form 990 for fiscal year 2023

January 6, 2025

Received grants

Identified 1 new grant, including a grant for $20,000 from William and Sylvia Zale Foundation

January 3, 2025

Received grants

Identified 2 new grant, including a grant for $49,254 from National Credit Union Foundation

Nonprofit Types

Grantmaking organizationsPublic 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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Cornerstone Credit Union Foundation

Program areas at Cornerstone Credit Union Foundation

Who funds Cornerstone Credit Union Foundation

Financials for Cornerstone Credit Union Foundation

Organizations like Cornerstone Credit Union Foundation

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