Crossing Inc
- Assets
- $1.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Philadelphia, PA
- Founding
- 03/2007
- Data as of
- 08/2022
- EIN
- 20-5646257
Organization Overview
Crossing Inc is located in Philadelphia, PA. The organization was established in 2007. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 08/2022, Crossing Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crossing 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 08/2022, Crossing Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $1.3m during the year ending 08/2022. While expenses have increased by 9.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO COMMISSION, PERFORM, AND RECORD NEW CHORAL MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF NEW CDS AND PERFORMANCES DURING THE YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Bradley Executive Director | Officer | 40 | $90,300 |
Kim Shiley President | OfficerTrustee | 2 | $0 |
Phil Cooke Vice President | OfficerTrustee | 2 | $0 |
Carol Loeb Shloss Secretary | OfficerTrustee | 2 | $0 |
Donald Nally Board Member / Conductor / Founder | OfficerTrustee | 25 | $104,000 |
Pam Prior Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $74,832 |
| All other contributions, gifts, grants, and similar amounts not included above | $832,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $907,417 |
| Total Program Service Revenue | $235,703 |
| Investment income | $302 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,266 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $775 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,146,463 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,343 |
| Compensation of current officers, directors, key employees. | $35,062 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,084 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,205 |
| Payroll taxes | $26,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,487 |
| Advertising and promotion | $51,215 |
| Office expenses | $5,222 |
| Information technology | $14,518 |
| Royalties | $1,022 |
| Occupancy | $7,626 |
| Travel | $142,402 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $350 |
| Interest | $9,563 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,008 |
| Insurance | $9,157 |
| All other expenses | $38,587 |
| Total functional expenses | $1,264,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,552 |
| Savings and temporary cash investments | $151,000 |
| Pledges and grants receivable | $748,332 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,578 |
| Prepaid expenses and deferred charges | $2,765 |
| Net Land, buildings, and equipment | $41,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,115,124 |
| Accounts payable and accrued expenses | $13,600 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $159,563 |
| Other liabilities | $5,594 |
| Total liabilities | $178,757 |
| Net assets without donor restrictions | $47,374 |
| Net assets with donor restrictions | $888,993 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,115,124 |