2024-11-15T15:38:32-06:00 2023-12-31 BDO USA 301 Commerce Street Suite 2000 Fort Worth TX 76102 990 2023-01-01 756039968 Cornerstone Credit Union Foundation % SHOAIB SALAMAT CORN 4693856400 6801 Parkwood BLVD Suite 300 Plano TX 75024 SHOAIB SALAMAT SVP Finance & Admin 4693856653 2024-11-15 true true Jamie Eversole P00839244 8177382400 2024-11-15 2023 2024-10-15 13:58:12Z SHOAIB SALAMAT 6801 Parkwood BLVD STE 300 Plano TX 75024 1890346 false X WWW.CORNERSTONELEAGUE.COOP/FOUNDATION X 1962 TX EMPOWERING CREDIT UNIONS TO IMPROVE THEIR COMMUNITIES. 17 17 5 22 0 890348 1056508 124324 30482 105369 131911 161090 433456 1281131 1652357 453161 737193 0 0 478000 396330 0 0 216536 200796 381426 1131957 1514949 149174 137408 1796111 2930825 86712 182448 1709399 2748377 X 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. true false 982768 641533 30482 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. 95660 PROVIDED DISASTER RELIEF GRANTS. 982768 true false false false true false false false true false true 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 6 0 5 false false false false false false false false X 17 17 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 765465 101381 Shoaib Salamat SVP/CFO CCUL 0.5 40.0 X 0 177227 37297 Courtney Moran Executive Director - FND 40.0 0.0 X 140468 0 34485 Shelli McCoy Chair 0.5 0.0 X X 0 0 0 Mary Beth Spuck Vice Chair 0.5 0.0 X X 0 0 0 Michael Dougherty Secretary 0.5 0.0 X X 0 0 0 Evan Wilson Treasurer 0.5 0.0 X X 0 0 0 Ashley Bautista Trustee 0.5 0.0 X 0 0 0 Jason Berridge Trustee 0.5 0.0 X 0 0 0 Kanika Boutte Trustee 0.5 0.0 X 0 0 0 Karyn Davis Trustee 0.5 0.0 X 0 0 0 Lori Crutchley Trustee 0.5 0.0 X 0 0 0 Sara Freeman Trustee 0.5 0.0 X 0 0 0 Pam Garrett Trustee 0.5 0.0 X 0 0 0 Stephen Lark Trustee 0.5 0.0 X 0 0 0 Tammy McNair Trustee 0.5 0.0 X 0 0 0 Craig Rohden Trustee 0.5 0.0 X 0 0 0 Erik Shaw Trustee 0.5 0.0 X 0 0 0 Gina Wilson Trustee 0.5 0.0 X 0 0 0 Dale Hansard Trustee 0.5 0.0 X 0 0 0 Dave Willis Trustee/Past Foundation Chair 0.5 0.0 X 0 0 0 Tina Buttchen Trustee 0.5 0.0 X 0 0 0 Ruby Alvarez DE Society Representative 0.5 0.0 X 0 0 0 Melissa Burleson Friends of the Foundation Rep 0.5 0.0 X 0 0 0 Sarah Hall Friends of the Foundation Rep 0.5 0.0 X 0 0 0 140468 942692 173163 1 false true false 0 100000 956508 1056508 PRINCIPLES AND PHILOSOPHY 900099 30482 30482 30482 131911 131911 0 0 0 0 0 0 665154 237989 427165 427165 0 0 0 0 0 0 MISCELLANOUS REVENUE 900099 7080 7080 KAREN HART LEGACY SOCIETY 900099 4593 4593 LIFE SOLUTIONS 900099 -5382 -5382 6291 1652357 36773 559076 641533 641533 95660 95660 0 0 174954 39684 39684 95586 0 191321 43396 43396 104529 0 0 30055 6817 6817 16421 0 915 915 0 0 0 0 0 2172 2172 12492 12492 0 0 36718 36718 68936 40617 28319 0 0 0 0 0 0 EDUCTATION/PROFESSIONAL 174719 29587 145132 CONFERENCE EXPENSES 30482 30482 MISCELLANEOUS 54992 54992 1514949 982768 315645 216536 208435 932026 1397308 1286430 0 0 26082 112223 0 0 0 0 0 0 0 0 6239 11400 0 0 0 0 72467 473336 0 0 0 0 85580 115410 1796111 2930825 46652 112490 0 0 2000 37433 0 0 0 0 0 0 0 0 0 0 38060 32525 86712 182448 X 1468450 2015828 240949 732549 1709399 2748377 1796111 2930825 X 137408 901570 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 SERVE AS GOVERNING MEMBERS OF THE FOUNDATION AND HAVE 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 (GOVERNING MEMBERS), 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 2023. 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 56300 179620 true true 570625 4593 8224 583442 566967 2743 915 570625 553493 13434 40 566967 552882 180 431 553493 572775 1715 8392 582882 1.00000 false false CSF CUOAK TTCU CDS 73336 F CSF CIMPLICD 400000 F 473336 0 DUE TO AFFILIATES 32525 32525 X 1621875 1621875 30482 30482 1652357 1484467 1484467 30482 30482 1514949 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 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONFERENCE EXPENSES $ 30,482 ---------- TOTAL TO SCHEDULE D, PART XI, LINE 4B $ 30,482 PART XII, LINE 4B - OTHER ADJUSTMENTS: CONFERENCE EXPENSES $ 30,482 ---------- TOTAL TO SCHEDULE D, PART XII, LINE 4B $ 30,482 Golf Tournament 109300 109300 975 14668 15339 3172 SYNG 116459 116459 1414 32935 4500 31316 3 439396 439396 571 35911 69780 2389 25019 665155 665155 975 1985 50579 118054 6889 59507 237989 427166 Disaster Relief Grant 105 95660 0 Cash N/A Schedule I, Part I, Line 2: THE ORGANIZATION KEEPS RECORDS OF THE AMOUNT OF GRANT ISSUED, INCLUDING THE DATE APPROVED AND THE AMOUNT REQUESTED. THE ORGANIZATION USES A GRANTS MATRIX TO DETERMINE THE AMOUNT AWARDED FROM TWO OF OUR FUNDS. ALL ENTITIES RECEIVING GRANTS ARE TAX EXPEMPT ORGANIZATIONS. X X X X false true false false false false false false false Courtney Moran Executive Director - FND 140468 7647 26838 174953 Caroline Willard President/CEO CCUL 761595 3870 87729 13652 866846 Shoaib Salamat SVP/CFO CCUL 177047 180 9483 27814 214524 FORM 990, PART III, LINE 2, NEW PROGRAM SERVICES: IMPLEMENTATION OF THE DONOR ADVISED FUND PROGRAM. 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 2023. 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. FORM 990, PART XI, LINE 9: BALANCE RELATED TO THE ACQUISITION $ 901,570 ------------- OTHER CHANGES IN NET ASSETS $ 901,570 OR FUND BALANCES 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 Oklahoma Credit Union Political Action 6801 Parkwood BLVD STE 300 Plano TX 75024 731281199 SUPPORT OK 527 N/A CCUL true Kansas Credit Union Political Action 6801 PARKWOOD BLVD SUITE 300 Plano TX 75024 813082715 SUPPORT KS 527 N/A CCUL true Missouri Credit Union Political Action 6801 PARKWOOD BLVD SUITE 300 Plano TX 75024 431310069 SUPPORT MO 527 N/A CCUL true CREDIT UNION RESOURCES INC 6801 PARKWOOD BLVD SUITE 300 PLANO TX 75024 751250866 SERVICE PROVI 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 Cornerstone Credit Union League S 115410 Cash Cornerstone Credit Union League R 37433 Cash