2023-11-15T19:20:46-06:00 2022-12-31 BDO USA 301 Commerce Street Suite 2000 Fort Worth TX 76102 990 2022-01-01 756039968 Cornerstone Credit Union Foundation % SHOAIB SALAMAT CORN 4693856400 6801 Parkwood BLVD Suite 300 Plano TX 75024 SHOAIB SALAMAT SVP Finance & Admin 4693856653 2023-11-15 true SHOAIB SALAMAT 999009999 Jamie Eversole P00839244 8177382400 2023-11-15 3 2022 2023-04-26 12:10:37Z SHOAIB SALAMAT 6801 Parkwood BLVD STE 300 Plano TX 75024 1380635 false X WWW.CORNERSTONELEAGUE.COOP/FOUNDATION X 1962 TX EMPOWERING PEOPLE TO IMPROVE THEIR FINANCIAL WELL BEING. 20 20 0 20 0 987593 890348 93386 124324 137217 105369 346 161090 1218542 1281131 639476 453161 0 0 486980 478000 0 0 198309 162934 200796 1289390 1131957 -70848 149174 1678127 1796111 117902 86712 1560225 1709399 X EMPOWERING PEOPLE TO IMPROVE THEIR FINANCIAL WELL BEING. THE FOUNDATION IS DEDICATED TO HELPING CREDIT UNIONS MAKE A DIFFERENCE IN THE LIVES OF THE MEMBERS AND COMMUNITIES THEY SERVE. true false 673908 453161 124324 PROVIDE EDUCATIONAL GRANTS AND SCHOLARSHIPS FOR FINANCIAL LITERACY AND CONTINUED TRAINING AND EDUCATIONAL CLASSES FOR BENEFIT OF MEMBER CREDIT UNIONS IN THE STATES OF TEXAS, ARKANSAS AND OKLAHOMA. TRAINING AND EVENTS INCLUDED FINANCIAL LITERACY NEFE TRAINING, CUFINHEALTH CONFERENCE AND FINANCIAL COUNSELING CERTIFICATION PROGRAM TO BENEFIT THE PUBLIC. PROVIDED DISASTER RELIEF GRANTS. 673908 true false false false true false false false true false false false false true true true false false false false false false false true false false false true true false false false false false false false false false false false false false true false true false true 3 0 0 false false false false false false false false X 20 20 false false false false false true true true false false false false true true false true true true true false X SHOAIB SALAMAT 4693856653 6801 PARKWOOD BLVD 300 PLANO TX 75024 Caroline Willard President/CEO CCUL 0.5 40.0 X 0 727128 25117 Shoaib Salamat VP/CFO CCUL 0.5 40.0 X 0 168727 26851 Courtney Moran Executive Director - FND 40.0 0.0 X 145605 0 24935 DAVE WILLIS Chairman 0.5 0.0 X X 0 0 0 SHELLI McCOY VICE-CHAIR 0.5 0.0 X X 0 0 0 MARY BETH SPUCK TREASURER 0.5 0.0 X X 0 0 0 STEPHEN LARK SECRETARY 0.5 0.0 X X 0 0 0 KARYN DAVIS Trustee 0.5 0.0 X 0 0 0 CRYSTAL LONG trustee 0.5 0.0 X 0 0 0 RUSSELL VEST Trustee 0.5 0.0 X 0 0 0 BECKY WHITTED Trustee 0.5 0.0 X 0 0 0 DEBBIE GATLIN Trustee 0.5 0.0 X 0 0 0 ANDY REED Trustee 0.5 0.0 X 0 0 0 BRENT REMPE Trustee 0.5 0.0 X 0 0 0 JASON BERRIDGE Trustee 0.5 0.0 X 0 0 0 CRAIG ROHDEN Trustee 0.5 0.0 X 0 0 0 KANIKA BOUTTE Trustee 0.5 0.0 X 0 0 0 PAM GARRETT Trustee 0.5 0.0 X 0 0 0 TAMMY PASSAFIUME Trustee 0.5 0.5 X 0 0 0 GINA WILSON Trustee 0.5 0.5 X 0 0 0 ART HORNELL Trustee 0.5 0.0 X 0 0 0 BRUCE FOX Trustee 0.5 0.0 X 0 0 0 MICHEAL WALLS Trustee 0.5 0.0 X 0 0 0 145605 895855 76903 1 false true false 0 100000 790348 890348 REALITY FAIRS 900099 37000 37000 PRINCIPLES AND PHILOSOPHY 900099 29120 29120 CSF FICEP 900099 52700 52700 CSF CUFINHEALTH 900099 5504 5504 124324 105369 105369 0 0 0 0 0 0 230577 99504 131073 131073 0 0 0 0 0 0 MISCELLANOUS REVENUE 900099 30017 30017 30017 1281131 154341 236442 435911 435911 17250 17250 0 0 170539 47142 71606 51791 0 275440 76139 115652 83649 0 0 32021 8851 13445 9725 0 0 18175 18175 0 0 0 0 500 500 14312 4294 4580 5438 0 0 35174 10552 11255 13367 39530 9883 12964 16683 0 0 0 0 0 0 EDUCTATION/PROFESSIONAL 40404 40404 CONFERENCE EXPENSES 19570 19570 MISCELLANEOUS 33131 3912 11563 17656 1131957 673908 259740 198309 228266 208435 1271429 1397308 0 0 42601 26082 0 0 0 0 0 0 0 0 4984 6239 0 0 0 0 71758 72467 0 0 0 0 59089 85580 1678127 1796111 30598 46652 22310 0 4750 2000 0 0 0 0 0 0 0 0 0 0 60244 38060 117902 86712 X 1373118 1468450 187107 240949 1560225 1709399 1678127 1796111 149174 X false true X true false X X 1 CORNERSTONE CREDIT UNION LEAGUE 750603700 10 true 0 0 1 0 true false true true true false false false false false false false false false false false false false Part IV, Section C, Line 1: THE CORNERSTONE CREDIT UNION LEAGUE CONTROLS THE FOUNDATION BY APPOINTING THE BOARD OF TRUSTEES AND BY HAVING 2 OF THE LEAGUES OFFICERS ON THE BOARD. IN ADDITION, ALL CHANGES TO THE BYLAWS MUST BE APPROVED BY THE MEMBERS OF THE LEAGUE'S BOARD, IN THEIR ROLES AS THE MEMBERS OF THE FOUNDATION. PART IV, SECTION A, LINE 3B: DETERMINATION OF QUALIFYING ORGANIZATION: CORNERSTONE CREDIT UNION FOUNDATION IS A SUPPORTING ORGANIZATION FOR THE CORNERSTONE CREDIT UNION LEAGUE WITHIN THE MEANING OF THE INTERNAL REVENUE CODE SCTIONS 170(C), 501(C)(3), 509(A)(3), AND 2055(A). AS SUCH, THE CORNERSTONE CREDIT UNION LEAGUE PERIODICALLY REVIEWS ITS FUNDING SOURCES FOR CLASSIFICATION PURSUANT TO INTERNAL REVENUE CODE SECTION 509(A)(2). THE DETERMINATION FOR INTERNAL REVENUE CODE SECTION 509(A)(2) WAS MOST RECENTLY MADE FOR TAX YEAR 2021. PART IV, SECTION A, LINE 3C: ENSURING USE OF SUPPORT: THE CORNERSTONE CREDIT UNION FOUNDATION IS ORGANIZED EXCLUSIVELY TO SUPPORT AND CARRY OUT THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE CORNERSTONE CREDIT UNION LEAGUE. COMMON BOARD MEMBERS ENSURE THE OBJECTIVES OF THE ORGANIZATION ARE ADHERED TO. 1 64031 10300 59564 true true 566967 2743 915 570625 553493 13434 40 566967 552882 180 431 553493 572775 1715 8392 582882 506638 34678 1459 542775 1.00000 false false 0 DUE TO AFFILIATES 38060 38060 X 1261561 1261561 19570 19570 1281131 1112387 1112387 19570 19570 1131957 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT EQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE ACCOUNTING GUIDANCE FOR INCOME TAXES. WITH FEW EXCEPTIONS, THE COMPANY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2019. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONFERENCE EXPENSES 19,570 -------- TOTAL TO SCHEDULE D, PART XI, LINE 4B 19,570 PART XII, LINE 4B - OTHER ADJUSTMENTS: CONFERENCE EXPENSES 19,570 -------- TOTAL TO SCHEDULE D, PART XII, LINE 4B 19,570 Golf Tournament 110350 110350 967 26992 1216 995 16817 SYNG 91285 91285 197 37417 3800 11053 1 30857 30857 50 232492 232492 967 197 26992 38633 4795 27920 99504 132988 Disaster Relief Grant 13 17250 0 Cash N/A Courtney Moran Executive Director - FND 133012 11115 1478 7263 17672 170540 Caroline Willard President/CEO CCUL 549471 134215 43442 15250 9867 752245 Shoaib Salamat VP/CFO CCUL 154850 12139 1738 8444 18407 195578 FORM 990, PART VI, SECTION A, LINE 7A: VICE-CHAIRMAN AND SECRETARY OF THE CORNERSTONE CREDIT UNION LEAGUE BOARD SHALL AUTOMATICALLY SERVE AS TRUSTEES. CORNERSTONE CREDIT UNION LEAGUE BOARD MEMBERS ELECT TRUSTEES AND SHALL ALSO ELECT ADVISORY TRUSTEES WHO SHALL SERVE ONE (1) YEAR TERMS. FORM 990, PART VI, SECTION A, LINE 7B: CORNERSTONE CREDIT UNION LEAGUE BOARD MEMBERS ARE ABLE TO MAKE AMENDEMENTS TO BYLAWS AND ARTICLES OF INCORPORATION BY APPROVAL OF TWO THIRDS VOTE. FORM 990, PART VI, SECTION A, LINE 8B: THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B: THE ORGANIZATION HIRES AN OUTSIDE ACCOUNTING FIRM TO PREPARE AND REVIEW THE ANNUAL FORM 990. SUBSEQUENT TO FILING THE RETURN, THE BOARD REVIEWS THE RETURN AT THEIR NEXT MEETING. FORM 990, PART VI, SECTION B, LINE 12: IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST OR DUALITY OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST OR AFFILIATION AND ALL MATERIAL FACTS TO THE TRUSTEES AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE DISCLOSURE SHOULD BE MADE EITHER WHEN THE INTEREST BECOMES A MATTER OF BOARD OR COMMITTEE ACTION OR AS PART OF A PERIODIC PROCEDURE TO BE ESTABLISHED BY THE BOARD. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE GOVERNING BODY MEMBER ANNUAL QUESTIONNAIRE IS COMPLETED ON AN ANNUAL BASIS TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. QUESTIONNAIRES ARE COLLECTED AND REVIEWED BY THE FOUNDATION'S EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15: THE ORGANIZATION UTILIZES SALARY.COM TO DETERMINE THE RANGES OF EACH POSITION. THIS PROGRAM ALLOWS THE ORGANIZATION TO EVALUATE ALL OF THEIR POSITIONS USING MARKET DATA AND INTERNAL EQUITY. THE ORGANIZATION ANALYZES POSITIONS USING A joB EVALUATION METHOD WHICH LOOKS AT THE LEVEL OF RESPONSIBILITY IN A POSITION. THE POSITIONS ARE EVALUATED BY HR, MANAGEMENT, AND YEARLY AUDITED BY A JOB EVALUATION COMMITTEE. CORNERSTONE'S BOARD OF DIRECTORS HAS ENGAGED WITH QUATT AND ASSOCIATES TO PERFORM A COMPENSATION STUDY FOR THE CEO COMPENSATION. THESE PROCESSES LAST TOOK PLACE IN 2021. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE BY PROVIDING COPIES UPON REQUEST. Cornerstone Credit Union League 6801 PARKWOOD BLVD SUITE 300 PLANO TX 75024 750603700 ASSOCIATION TX 501(C)(6) N/A N/A false TEXAS CCUL POLITICAL ACTION COMMITTEE 6801 PARKWOOD BLVD SUITE 300 PLANO TX 75024 752202499 SUPPORT TX 527 N/A CCUL true ARKANSAS CREDIT UNOIN POLITICAL ACTION 6801 PARKWOOD BLVD SUITE 300 PLANO TX 75024 900103575 SUPPORT AR 527 N/A CCUL true CREDIT UNION RESOURCES INC 6801 PARKWOOD BLVD SUITE 300 PLANO TX 75024 751250866 SERVICE PROVIDER TX NA C CORP 0 0 0.00000 true false true true false false false false false false false false false true true true true false true true Credit Union Resources Inc C 100000 Cash