Crosscurrents Foundation Inc
- Assets
- $152.4k
- Revenue
- $523.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 20-5557338
Organization Overview
Crosscurrents Foundation Inc is located in Washington, DC. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Crosscurrents Foundation Inc 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 12/2021, Crosscurrents Foundation Inc generated $523.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 60.6% each year . All expenses for the organization totaled $561.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Crosscurrents Foundation Inc has awarded 262 individual grants totaling $3,003,950. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Grossinger COO | 32 | $24,000 | |
Micheline Klagsbrun President | 8 | $0 | |
Diane J Fuchs Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $495,073 |
| Interest on Savings | $0 |
| Dividends & Interest | $366 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,008 |
| Capital Gain Net Income | $290,581 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,689 |
| Total Revenue | $523,136 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,834 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,836 |
| Interest | $0 |
| Taxes | $3,064 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,888 |
| Printing and publications | $0 |
| Other expenses | $11,415 |
| Total operating and administrative expenses | $49,297 |
| Contributions, gifts, grants paid | $511,750 |
| Total expenses and disbursements | $561,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,298 |
| Savings and temporary cash investments | $0 |
| 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 | $137 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $152,435 |
| Accounts payable and accrued expenses | $4,073 |
| 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 | $4,073 |
Grants Awarded
Over the last fiscal year, Crosscurrents Foundation Inc has awarded $511,750 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
HIRSHHORN MUSEUM SCULPTURE GARDEN PURPOSE: GENERAL SUPPORT | $75,000 |
JUST VISION PURPOSE: GENERAL SUPPORT | $50,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $40,000 |
NEW PRESS THE PURPOSE: GENERAL SUPPORT | $25,000 |
HIP HOP CAUCUS PURPOSE: GENERAL SUPPORT | $25,000 |
Brooklyn, NY PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
Freedom Forum Inc Laurel, MD | $0 | $16,145,029 |