Cornerstone Charitable Foundation Tr
- Assets
- $2.0m
- Revenue
- -$3.6k
- Investments
- $2.0m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/1955
- Data as of
- 11/2023
- EIN
- 04-6027776
Organization Overview
Cornerstone Charitable Foundation Tr is located in Dallas, TX. The organization was established in 1955. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Charitable Foundation Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Cornerstone Charitable Foundation Tr has awarded 37 individual grants totaling $579,038. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,045 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$52,597 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$3,552 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,739 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,711 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,191 |
| Total operating and administrative expenses | $46,694 |
| Contributions, gifts, grants paid | $112,686 |
| Total expenses and disbursements | $159,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $55,359 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,029,478 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Cornerstone Charitable Foundation Tr has awarded $112,686 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF MASS BAY PURPOSE: SUPPORT THE FAMILY FUND | $50,000 |
FIRST METHODIST CHURCH PURPOSE: UNRESTRICTED GENERAL | $11,860 |
CATHOLIC CHAR DIOCESE OF PURPOSE: UNRESTRICTED GENERAL | $242 |
THE SOCIETY OF JESUS PURPOSE: UNRESTRICTED GENERAL | $584 |
TRINITY BOSTON CONNECTS PURPOSE: UNRESTRICTED GENERAL | $15,000 |
WE ARE BETTER TOGETHER PURPOSE: COMMUNITY MENTAL HEALTH | $15,000 |