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CORNERSTONE CREDIT UNION FOUNDATION

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Public IRS 990 nonprofit record

CORNERSTONE CREDIT UNION FOUNDATION

EIN 75-6039968 · Education (B82Z)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $73.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders25 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

81.59%of revenue went to mission work73.9% of expenses · Program services
11.53%of revenue went to fundraising10.4% of expenses
$110.41spent for every $100 of revenueSpending was higher than revenue this year.
17.30%of revenue went to management and office costs15.7% of expenses
$1.42in assets for every $1 spent this yearSome assets cannot be spent right away.
68.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $182,098 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $43,527 for CAROLINE WILLARD (PRESIDENT/CEO CCUL). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,748,478
Mission workProgram services$1,426,52781.59% of revenue73.9% of expenses
ManagementOffice and general costs$302,43917.30% of revenue15.7% of expenses
FundraisingAsking for donations$201,61011.53% of revenue10.4% of expenses
Total expenses$1,930,576110.41% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 73.9% mission · 15.7% management · 10.4% fundraisingTotal expenses: 110.41% of revenue
2023Expense mix: 64.9% mission · 20.8% management · 14.3% fundraisingTotal expenses: 91.68% of revenue
2022Expense mix: 59.5% mission · 22.9% management · 17.5% fundraisingTotal expenses: 88.36% of revenue
2021Expense mix: 68.5% mission · 15.2% management · 16.3% fundraisingTotal expenses: 105.81% of revenue
2020Expense mix: 66.1% mission · 16.5% management · 17.4% fundraisingTotal expenses: 111.38% of revenue
2019Expense mix: 66.4% mission · 14.6% management · 19.0% fundraisingTotal expenses: 122.03% of revenue

Money in and money out

Revenue$1,748,478
Expenses$1,930,576
Annual shortfall $182,098 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,426,527 · 73.9% of expenses
Management and office costs$302,439 · 15.7% of expenses
Fundraising$201,610 · 10.4% of expenses
See all reported dollar amounts
Revenue$1,748,478
Expenses$1,930,576
Assets$2,739,365
Income$1,957,918
Contributions$1,201,703
Mission work (program services)$1,426,527
Fundraising$201,610
Grants given$140,484
Average grant$7,394
Management and general$302,439
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
CAROLINE WILLARDPRESIDENT/CEO CCUL $43,527Base · Other $43,527
SHOAIB SALAMATSVP/CFO CCUL $39,404Base · Other $39,404
COURTNEY MORANEXECUTIVE DIRECTOR - FND $37,709Base · Other $37,709

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (25)

CAROLINE WILLARDPRESIDENT/CEO CCUL

SHOAIB SALAMATSVP/CFO CCUL

COURTNEY MORANEXECUTIVE DIRECTOR - FND

TINA BUTTCHENTRUSTEE

ASHLEY BAUTISTATRUSTEE

TAMMY MCNAIRTRUSTEE

STEPHEN LARKTRUSTEE

SHELLI MCCOYCHAIR

SARAH HALLFRIENDS OF THE FOUNDATION REP

SARA FREEMANTRUSTEE

RUBY ALVAREZDE SOCIETY REPRESENTATIVE

PAM GARRETTTRUSTEE

MICHAEL DOUGHERTYSECRETARY

MELISSA BURLESONFRIENDS OF THE FOUNDATION REP

MARY BETH SPUCKVICE CHAIR

LORI CRUTCHLEYTRUSTEE

KARYN DAVISTRUSTEE

KANIKA BOUTTETRUSTEE

JASON BERRIDGETRUSTEE

GINA WILSONTRUSTEE

EVAN WILSONTREASURER

ERIK SHAWTRUSTEE

DAVE WILLISTRUSTEE/PAST FOUNDATION CHAIR

DALE HANSARDTRUSTEE

CRAIG ROHDENTRUSTEE

About this charity

Recognized since
January 1965
Location
6801 PARKWOOD BLVD STE 300, PLANO, TX 75024-7276
County
Collin
In care of
% SHOAIB SALAMAT
Primary officer
SHOAIB SALAMAT, SVP Finance & Admin

How to reach them

WebsiteVisit the charity’s website Phone(469) 385-6400 Officer phone(469) 385-6653

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
BDO USA
NTEE classification
Education (B82Z)
IRS tax category
Other Grantmaking and Giving Services
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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