Crosswater Canyon Inc
- Assets
- $131.1m
- Revenue
- $43.0m
- Investments
- $0.0
- Employees
- 810
- Location
- Petersburg, KY
- Founding
- 04/2013
- Data as of
- 06/2020
- EIN
- 27-4026852
Organization Overview
Crosswater Canyon Inc is located in Petersburg, KY. The organization was established in 2013. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Crosswater Canyon Inc employed 810 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crosswater Canyon 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 06/2020, Crosswater Canyon Inc generated $43.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $44.3m during the year ending 06/2020. While expenses have increased by 23.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE FOR THE BENEFIT OF, AND TO SUPPORT THE MISSION AND PURPOSES OF, ANSWERS IN GENESIS, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARK ENCOUNTER - BIBLICALLY THEMED ATTRACTION, LOCATED IN WILLIAMSTOWN KENTUCKY, OPENED TO THE GENERAL PUBLIC ON AN ADMISSIONS FEE BASIS JULY 7, 2016.
DISTRIBUTION OF RELATED LITERATURE, DVDS, INSTRUCTIONAL MATERIAL, RELATED MERCHANDISE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Zovath Chief Action Officer | Officer | 50 | $122,349 |
Timothy Schmidt Vice President Of Horticulture & Site Development | 40 | $102,766 | |
Patrick Marsh Vice President Of Attractions Design | 40 | $102,117 | |
Adam Heinlein Board Chairperson | OfficerTrustee | 10 | $0 |
Judge Darrell White Board Vice Chairperson | OfficerTrustee | 10 | $0 |
John Pence Secretary/general Counsel | Officer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Conquer Advertising | 6/29/21 | $5,030,458 |
Epling Construction Of Northern Kentucky Construction | 6/29/21 | $182,073 |
Croswell Of Williamsburg Llc Transportation | 6/29/21 | $684,542 |
Mark Spaulding Construction Co Construction | 6/29/21 | $1,241,998 |
Joseph David Advertising Llc Advertising | 6/29/21 | $1,414,147 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,804,958 |
| Investment income | $117,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$967 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,052,781 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,029,126 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,060,579 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $10,080,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,055,080 |
| Advertising and promotion | $7,152,981 |
| Office expenses | $3,377,858 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,161,802 |
| Travel | $107,046 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,036,318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,602,453 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $44,283,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,790,126 |
| Savings and temporary cash investments | $3,243,034 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,571,597 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $608,450 |
| Prepaid expenses and deferred charges | $227,447 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $131,093,453 |
| Accounts payable and accrued expenses | $11,817,641 |
| Grants payable | $0 |
| Deferred revenue | $1,044,929 |
| 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 | $51,594,062 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,576,883 |
| Total liabilities | $80,033,515 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $51,059,938 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Crosswater Canyon Inc has recieved totaling $7.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $7 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crosswater Canyon Inc Petersburg, KY | $131,093,453 | $43,029,126 |
Rock And Roll Hall Of Fame And Museum Inc Cleveland, OH | $155,983,812 | $52,609,977 |
National Football Museum Inc Canton, OH | $45,241,637 | $30,879,205 |
Country Music Foundation Inc Nashville, TN | $103,507,163 | $14,152,198 |
Cincinnati Museum Center Cincinnati, OH | $282,646,725 | $49,474,377 |
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Adler Planetarium Chicago, IL | $62,060,707 | $24,242,958 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Mariners Museum Newport News, VA | $159,780,245 | $10,021,200 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |