Nonprofit · EIN 75-6039968
CORNERSTONE CREDIT UNION FOUNDATION
Tax-exempt · PLANO, TX 75024
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,748,478 | $1,930,576 | -$182,098 | $2,739,365 | $173,086 | $2,566,279 |
| December 31, 2023 | 990 | $1,652,357 | $1,514,949 | $137,408 | $2,930,825 | $182,448 | $2,748,377 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,201,703
- Program service revenue
- $22,357
- Investment income
- $159,742
- Net income from fundraising events
- $255,916
- Other revenue
- $364,676
Expenses
- Grants and similar amounts paid
- $1,208,206
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $146,268
- Salaries, compensation and benefits (total)
- $176,099
- Professional fundraising fees
- $0
- Legal fees
- $16,707
- Occupancy
- $32,047
- Travel
- $53,888
- Program services (functional)
- $1,426,527
- Management and general (functional)
- $302,439
- Fundraising (functional)
- $201,610
Balance sheet and other
- Total assets, start of year
- $2,930,825
- Total assets, end of year
- $2,739,365
- Total liabilities, end of year
- $173,086
- Net assets, end of year
- $2,566,279
- Net assets without donor restrictions
- $2,223,746
- Net assets with donor restrictions
- $342,533
- Gross receipts
- $1,957,918
- Employees
- 4
- Volunteers
- 22
- Year formed
- 1962
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Caroline Willard | President/CEO CCUL Officer | 0.5 | $0 | $682,105 | $43,527 |
| Shoaib Salamat | SVP/CFO CCUL Officer | 0.5 | $0 | $182,380 | $39,404 |
| Courtney Moran | Executive Director - FND Officer | 0.5 | $0 | $146,428 | $37,709 |
| Shelli McCoy | Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Mary Beth Spuck | Vice Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Michael Dougherty | Secretary Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Evan Wilson | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Ashley Bautista | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Jason Berridge | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Kanika Boutte | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Karyn Davis | trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Lori Crutchley | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Sara Freeman | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Pam Garrett | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Stephen Lark | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tammy McNair | Trustee Trustee or director | 0.5 | $0 |
| Craig Rohden | Trustee Trustee or director | 0.5 | $0 |
| Erik Shaw | Trustee Trustee or director | 0.5 | $0 |
| Gina Wilson | Trustee Trustee or director | 0.5 | $0 |
| Dale Hansard | Trustee Trustee or director | 0.5 | $0 |
| Dave Willis | Trustee/Past Foundation Chair Trustee or director | 0.5 | $0 |
| Tina Buttchen | Trustee Trustee or director | 0.5 | $0 |
| Ruby Alvarez | DE Society Representative Trustee or director | 0.5 | $0 |
| Melissa Burleson | Friends of the Foundation Rep Trustee or director | 0.5 | $0 |
| Sarah Hall | Friends of the Foundation Rep Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Caroline Willard | President/CEO CCUL Officer | 0.5 | $0 | $765,465 | $101,381 |
| Shoaib Salamat | SVP/CFO CCUL Officer | 0.5 | $0 | $177,227 | $37,297 |
| Courtney Moran | Executive Director - FND Officer | 40 | $140,468 | $0 | $34,485 |
| Shelli McCoy | Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Mary Beth Spuck | Vice Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Michael Dougherty | Secretary Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Evan Wilson | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Ashley Bautista | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Jason Berridge | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Kanika Boutte | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Karyn Davis | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Lori Crutchley | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Sara Freeman | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Pam Garrett | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Stephen Lark | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Tammy McNair | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Craig Rohden | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Erik Shaw | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Gina Wilson | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Dale Hansard | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Dave Willis | Trustee/Past Foundation Chair Trustee or director | 0.5 | $0 | $0 | $0 |
| Tina Buttchen | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Ruby Alvarez | DE Society Representative Trustee or director | 0.5 | $0 | $0 | $0 |
| Melissa Burleson | Friends of the Foundation Rep Trustee or director | 0.5 | $0 | $0 | $0 |
| Sarah Hall | Friends of the Foundation Rep Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6801 PARKWOOD BLVD STE 300, PLANO, TX 75024-7276
- In care of
- % SHOAIB SALAMAT
- Principal officer (990 for 2024)
- SHOAIB SALAMAT, 6801 Parkwood BLVD STE 300, Plano, TX 75024
- Signed the 990
- SHOAIB SALAMAT, SVP Finance & Admin
- Phone
- (469) 385-6400
- Return prepared by
- BDO USA
Mission
EMPOWERING CREDIT UNIONS TO IMPACT THEIR COMMUNITIES. THE FOUNDATION IS DEDICATED TO HELPING CREDIT UNIONS MAKE A DIFFERENCE IN THE LIVES OF THE MEMBERS AND COMMUNITIES THEY SERVE.
Program accomplishments
- 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.Expenses $1,426,527 · grants $1,208,206 · revenue $131,117
- PROVIDED DISASTER RELIEF GRANTS.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-6039968
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1965
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $2,739,365
- Income (IRS master file)
- $1,957,918
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,748,478 | $1,930,576 | $2,739,365 | XML |
| 990 | December 2023 | $1,652,357 | $1,514,949 | $2,930,825 | XML |
| 990 | December 2022 | $1,281,131 | $1,131,957 | $1,796,111 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
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 75-6039968).
Questions about CORNERSTONE CREDIT UNION FOUNDATION
- What is the EIN of CORNERSTONE CREDIT UNION FOUNDATION?
- The employer identification number (EIN) of CORNERSTONE CREDIT UNION FOUNDATION is 75-6039968.
- Is CORNERSTONE CREDIT UNION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
- Are donations to CORNERSTONE CREDIT UNION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does CORNERSTONE CREDIT UNION FOUNDATION 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 CREDIT UNION FOUNDATION 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 CREDIT UNION FOUNDATION 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 CREDIT UNION FOUNDATION?
- The 990 for the year ended December 31, 2024 names SHOAIB SALAMAT.
- Who are the officers and directors of CORNERSTONE CREDIT UNION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 25 people; 0 received compensation from the organization.
- How much revenue does CORNERSTONE CREDIT UNION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,748,478, expenses of $1,930,576 and total assets of $2,739,365 at year end.
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