Cornerstone Center For Economic Opportunity
- Assets
- $137.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 84-2683167
Organization Overview
Cornerstone Center For Economic Opportunity is located in Fort Worth, TX. The organization was established in 2019. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Center For Economic Opportunity is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Cornerstone Center For Economic Opportunity generated $144.3k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $128.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
IN 2022, CCEO WORKED WITH INDIVIDUALS AND BUSINESSES IN SOUTH DALLAS TO EMPOWER ADULTS FACING SOCIAL, ECONOMIC, ADDICTION AND OTHER AT-RISK CHALLENGES THROUGH DIGNIFIED, MEANINGFUL TRAINING. THE GOAL BEING TO PROVIDE ASSISTANCE WITH THE START UP OF SMALL BUSINESSES AND NON-PROFITS IN THE SOUTH DALLAS AREA. IN 2022, CCEO PROVIDED FUNDS AND BUSINESS CONSULTING TO OVER ONE HUNDRED BUSINESSES AND NON-PROFITS. MANY OTHERS HAVE BEGUN THE PROCESS OF BUSINESS PLANNING. GRANTS DURING 2022 TOTALED $78,879.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew J Wileman Director/chairm | 8 | $0 | |
Christopher L Simmons Sr Director/sec | 2 | $12,000 | |
Greg Lamb Director | 1 | $0 | |
Thana Hickman-Simmons Director | 1 | $0 | |
Susan Lincoln Director | 1 | $0 | |
Joe Henry Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,250 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $144,250 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,897 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $497 |
| Other expenses | $13,594 |
| Total expenses | $128,867 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $137,200 |
| Other assets | $0 |
| Total assets | $137,200 |
| Total liabilities | $0 |
| Net assets or fund balances | $137,200 |