Overview
What is Cornerstone Credit Union Foundation?
The Cornerstone Credit Union Foundation, based in Plano, Texas, is a dedicated nonprofit organization that focuses on enhancing financial literacy and continuing education. It provides educational grants and scholarships to credit unions in Texas, Arkansas, and Oklahoma. Their activities include offering financial literacy NEFE training, participating in the CUFINHEALTH conference, and offering a Financial Counseling Certification Program. The foundation's mission is to empower individuals to improve their financial well-being and support credit unions in making a positive impact on the lives of their members and communities.
Official website here: www.cornerstoneleague.coop/foundation
Is Cornerstone Credit Union Foundation legitimate?
Cornerstone Credit Union Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Credit Union Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $170,539
Professional Fundraising Fees: $0
Other Salaries and Wages: $275,440
For more financial information, click here
Official website here: www.cornerstoneleague.coop/foundation
What is the mission statement of Cornerstone Credit Union Foundation?
The Cornerstone Credit Union Foundation's mission is centered around empowering individuals to enhance their financial well-being. This mission is accomplished by dedicating resources towards educational grants and scholarships focused on financial literacy. Additionally, the foundation offers continued training and educational classes for member credit unions in Texas, Arkansas, and Oklahoma. This is done through various events such as financial literacy NEFE training, the CUFinHealth conference, and a financial counseling certification program, all aimed at benefiting the public.
Official website here: www.cornerstoneleague.coop/foundation
Who is the CEO of Cornerstone Credit Union Foundation?
Shoaib Salamat is the President/Ceo Ccul of Cornerstone Credit Union Foundation. The CEO's salary of Cornerstone Credit Union Foundation is $0 and their total compensation is $752,245.
Official website here: www.cornerstoneleague.coop/foundation
What is the revenue of Cornerstone Credit Union Foundation?
Cornerstone Credit Union Foundation's revenue in 2022 was $1,281,131.
Official website here: www.cornerstoneleague.coop/foundation
Who are the executives of Cornerstone Credit Union Foundation and what are their salaries?
There 20 volunteers at Cornerstone Credit Union Foundation.
Here are 23 key members and their salaries (Cornerstone Credit Union Foundation's CEO's salary is $0 and their total compensation is $752,245):
- Compensation: $0
- Related: $727,128
- Other: $25,117
- Compensation: $0
- Related: $168,727
- Other: $26,851
- Compensation: $145,605
- Related: $0
- Other: $24,935
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cornerstoneleague.coop/foundation
Where can I find the form 990 for Cornerstone Credit Union Foundation?
Cornerstone Credit Union Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cornerstoneleague.coop/foundation
Learn more at the official website: www.cornerstoneleague.coop/foundation
Mission Statement of Cornerstone Credit Union Foundation
Cornerstone Credit Union Foundation, a dedicated organization, is committed to empowering people to improve their financial well-being. The foundation's mission is to aid credit unions in making a significant impact in the lives of their members and the communities they serve. By providing educational grants and scholarships for financial literacy and continuing training and educational classes, the foundation seeks to equip credit unions with the necessary tools to better serve their members. This includes offering financial literacy NEFE training, participating in the CUFinHealth conference, and offering a financial counseling certification program. These initiatives aim to benefit the public, ultimately contributing to improved financial well-being.
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Impact
October, 2024
Cornerstone Credit Union Foundation significantly impacts communities by empowering individuals to enhance their financial well-being through comprehensive educational initiatives. The foundation provides grants and scholarships aimed at promoting financial literacy, which in turn supports member credit unions in Texas, Arkansas, and Oklahoma.
Key training programs, such as NEFE financial literacy training, the CUFINHEALTH conference, and financial counseling certification programs, equip individuals with essential skills to navigate their financial journeys effectively. By facilitating access to these resources, the foundation not only improves personal finance knowledge but also strengthens the communities served by credit unions, fostering a culture of financial empowerment and resilience. This commitment to education helps create a lasting positive change in the lives of many, contributing to a brighter financial future for individuals and families.
This information is meant to be a general summary of Cornerstone Credit Union Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $105,369
- Program Service Revenue: $124,324
- Gross Receipts: $1,380,635
Assets and Liabilities:
- Total Assets: $1,796,111
- Total Liabilities: $86,712
- Net Assets: $1,709,399
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REALITY FAIRS
Revenue
$37,000
PRINCIPLES AND PHILOSOPHY
Revenue
$29,120
CSF FICEP
Revenue
$52,700
CSF CUFINHEALTH
Revenue
$5,504
Organization Details
Founding Year
1962
Phone
(469) 385-6400Principal Officer
Shoaib Salamat
Main Address
6801 Parkwood BLVD Suite 300, Plano, TX, 75024
NTEE Category
Code: B82Z - Education
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