Cornerstone Scholarship Charitable Trust
- Assets
- $30.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Jacksonville, AR
- Founding
- 01/2018
- Data as of
- 12/2018
- EIN
- 82-6635087
Organization Overview
Cornerstone Scholarship Charitable Trust is located in Jacksonville, AR. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Scholarship Charitable Trust 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 12/2018, Cornerstone Scholarship Charitable Trust generated $5.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $6.7k during the year ending 12/2018. While expenses have increased by 28.2% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Smith Board Member | 3 | $0 | |
Deara Threet Board Member | 3 | $0 | |
Velina Mouton Board Member | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $299 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,050 |
| Total Revenue | $5,849 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,688 |
| Total expenses | $6,688 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,235 |
| Other assets | $0 |
| Total assets | $30,235 |
| Total liabilities | $0 |
| Net assets or fund balances | $30,235 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
Woodward Hines Education Foundation Jackson, MS | $222,031,290 | $28,726,652 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |