Crosscurrents Foundation Inc
- Assets
- $83.1k
- Revenue
- $588.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 11/2006
- Data as of
- 12/2022
- 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 12/2022, Crosscurrents Foundation Inc generated $588.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $571.5k during the year ending 12/2022. While expenses have increased by 0.3% per year over the past 7 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.
Since 2016, Crosscurrents Foundation Inc has awarded 310 individual grants totaling $3,523,400. 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 | $499,573 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,888 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $86,489 |
| Capital Gain Net Income | $86,489 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $656 |
| Total Revenue | $588,606 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,608 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,836 |
| Interest | $0 |
| Taxes | $6,067 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,872 |
| Total operating and administrative expenses | $51,848 |
| Contributions, gifts, grants paid | $519,700 |
| Total expenses and disbursements | $571,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,998 |
| 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 | $83,135 |
| Accounts payable and accrued expenses | $11,474 |
| 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 | $11,474 |
Grants Awarded
Over the last fiscal year, Crosscurrents Foundation Inc has awarded $519,700 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
HEAD COUNT PURPOSE: GENERAL SUPPORT | $10,000 |
TRANSFORMER INC PURPOSE: GENERAL SUPPORT | $13,000 |
PROJECT ON GOVERNMENT OVERSIGHT PURPOSE: GENERAL SUPPORT | $2,500 |
EARTH ISLAND INSTITUTE INC PURPOSE: GENERAL SUPPORT | $10,000 |
SMITH FARM CENTER FOR HEALING THE A PURPOSE: GENERAL SUPPORT | $500 |
GRANTMAKERS IN THE ARTS PURPOSE: GENERAL SUPPORT | $2,500 |