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Nonprofit · EIN 27-2535979

CORNERSTONE ASSISTANCE NETWORK OF NORTH CENTRAL TEXAS

Also known as The Attic on Main

Tax-exempt · PROSPER, TX 75078

Financials

$627K$756K2023$653K$699K2024
Revenue Expenses · by fiscal year end
Financials of CORNERSTONE ASSISTANCE NETWORK OF NORTH CENTRAL TEXAS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$653,402$699,184-$45,782$248,826$45,019$203,807
December 31, 2023990$627,171$755,869-$128,698$307,526$57,576$249,950
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$358,568
Program service revenue
$0
Investment income
$56
Net income from fundraising events
$109,096
Net income from sales of inventory
$185,100
Other revenue
$294,778

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$243,732
Salaries, compensation and benefits (total)
$272,314
Professional fundraising fees
$0
Occupancy
$170,260
Travel
$353
Depreciation
$8,514
Program services (functional)
$515,618
Management and general (functional)
$95,868
Fundraising (functional)
$87,698

Balance sheet and other

Total assets, start of year
$307,526
Total assets, end of year
$248,826
Total liabilities, end of year
$45,019
Net assets, end of year
$203,807
Land, buildings and equipment
$19,866
Publicly traded securities
$4,954
Net assets without donor restrictions
$203,807
Gross receipts
$873,107
Employees
23
Year formed
2010
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Heather LothesSecretary
Trustee or director
2$0
Sue KimBoard Member
Trustee or director
2$0
Jennifer LutesFounder & Exec Director
Trustee or director, Officer
40$0
Kerry CarothersTreasurer
Trustee or director, Officer
2$0
David SimpsonChairman
Trustee or director, Officer
2$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
Patricia SharpBoard Member
Trustee or director
2$0
Michael XirinachsBoard Member
Trustee or director
2$0
Allison XirinachsBoard Member
Trustee or director
2$0
John FarisBoard Member
Trustee or director
2$0
Brad BellardChairman
Trustee or director
2$0
David SimpsonVice-Chairman
Trustee or director, Officer
2$0
Jennifer LutesFounder & Exec Director
Trustee or director, Officer
40$0
Chris KernSecretary
Trustee or director, Officer
2$0
Kerry CarothersTreasurer
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
PO BOX 53, PROSPER, TX 75078-4400
In care of
% JENNIFER LUTES
Mailing address (990-N for 2010)
PO Box 53, Prosper TX 75078
Principal officer (990 for 2024)
Jennifer Lutes, PO Box 53, Prosper, TX 75078
Principal officer (990-N for 2010)
Jennifer Lutz, 1010 Chapela Ct, Prosper TX 75078
Signed the 990
JENNIFER LUTES, Founder & Exec Director
Phone
(972) 689-9115
Return prepared by
Nabors CPA Services PC

Mission

To provide financial assistance, clothing. furniture, skills and support to those in need in our local area.

990 for the year ended December 31, 2024

Program accomplishments

  • Thrift Store & Garage Sales
    Expenses $264,496
  • Case Management - In support of families we provided back to school supplies and backpacks for children, christmas gifts to 351 children through our Cornerstone Christmas program, and financial assistance to needy families.
    Expenses $251,122

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-2535979
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2010
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$248,826
Income (IRS master file)
$873,107

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$653,402$699,184$248,826XML
990December 2023$627,171$755,869$307,526XML
990December 2022$966,653$905,577$419,063IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS
990-N for 2010
Officer: Jennifer Lutz
December 31, 2010≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-2535979).

Questions about CORNERSTONE ASSISTANCE NETWORK OF NORTH CENTRAL TEXAS

What is the EIN of CORNERSTONE ASSISTANCE NETWORK OF NORTH CENTRAL TEXAS?
The employer identification number (EIN) of CORNERSTONE ASSISTANCE NETWORK OF NORTH CENTRAL TEXAS is 27-2535979.
Is CORNERSTONE ASSISTANCE NETWORK OF NORTH CENTRAL TEXAS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
Are donations to CORNERSTONE ASSISTANCE NETWORK OF NORTH CENTRAL TEXAS tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CORNERSTONE ASSISTANCE NETWORK OF NORTH CENTRAL TEXAS file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CORNERSTONE ASSISTANCE NETWORK OF NORTH CENTRAL TEXAS due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CORNERSTONE ASSISTANCE NETWORK OF NORTH CENTRAL TEXAS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CORNERSTONE ASSISTANCE NETWORK OF NORTH CENTRAL TEXAS?
The 990 for the year ended December 31, 2024 names Jennifer Lutes.
Who are the officers and directors of CORNERSTONE ASSISTANCE NETWORK OF NORTH CENTRAL TEXAS?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does CORNERSTONE ASSISTANCE NETWORK OF NORTH CENTRAL TEXAS have?
On its 990 for the year ended December 31, 2024 it reported revenue of $653,402, expenses of $699,184 and total assets of $248,826 at year end.

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