Crossroads Fund
- Assets
- $13.2m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Chicago, IL
- Founding
- 11/1980
- Data as of
- 06/2022
- EIN
- 36-3092907
Organization Overview
Crossroads Fund is located in Chicago, IL. The organization was established in 1980. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Crossroads Fund employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crossroads Fund 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 06/2022, Crossroads Fund generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.3% each year . All expenses for the organization totaled $5.9m during the year ending 06/2022. While expenses have increased by 26.2% 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, Crossroads Fund has awarded 553 individual grants totaling $12,005,387. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF CROSSROADS FUND, INC. IS TO SUPPORT COMMUNITY ORGANIZATIONS WORKING ON ISSUES OF RACIAL, SOCIAL, AND ECONOMIC JUSTICE IN THE CHICAGO AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT MAKING - DURING THE FISCAL YEAR DOZENS OF GRANTS WERE ISSUED TO ORGANIZATIONS WORKING FOR SOCIAL CHANGE, HEALTH CARE ACCESS, YOUTH ORGANIZING, WORKERS' RIGHTS, CRIMINAL JUSTICE, AND MANY OTHER ISSUES CONCERNING SOCIAL AND ECONOMIC JUSTICE.
TECHNICAL ASSISTANCE AND LEADERSHIP DEVELOPMENT PROVIDED TO GRANTEES.EDUCATIONAL PROGRAMS DESIGNED TO CONNECT DONORS TO GRASSROOTS ORGANIZATIONS AND TO DEEPEN THE UNDERSTANDING OF SOCIAL JUSTICE ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Kimondo Executive Director | 40 | $146,500 | |
Agnes Meneses Co-Chair | OfficerTrustee | 4 | $0 |
Megan Cusick Treasurer | OfficerTrustee | 4 | $0 |
Cecile DE Mello Director | Trustee | 2 | $0 |
Katelyn Johnson Director | Trustee | 2 | $0 |
Muhammad Sankari Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,870,872 |
| Noncash contributions included in lines 1a–1f | $371,837 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,870,872 |
| Total Program Service Revenue | $0 |
| Investment income | $224,370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $148,037 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,800,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,608,041 |
| 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. | $146,500 |
| Compensation of current officers, directors, key employees. | $51,275 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $525,604 |
| Pension plan accruals and contributions | $18,285 |
| Other employee benefits | $44,245 |
| Payroll taxes | $52,375 |
| Fees for services: Management | $0 |
| 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 | $16,931 |
| Advertising and promotion | $2,825 |
| Office expenses | $1,434 |
| Information technology | $23,424 |
| Royalties | $0 |
| Occupancy | $39,123 |
| Travel | $1,443 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,643 |
| Insurance | $4,179 |
| All other expenses | $25,585 |
| Total functional expenses | $5,869,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,923,025 |
| Savings and temporary cash investments | $1,579,252 |
| Pledges and grants receivable | $62,000 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $20,379 |
| Net Land, buildings, and equipment | $8,463 |
| Investments—publicly traded securities | $4,570,772 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,000 |
| Total assets | $13,233,891 |
| Accounts payable and accrued expenses | $1,321,620 |
| Grants payable | $320,000 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,641,620 |
| Net assets without donor restrictions | $3,938,851 |
| Net assets with donor restrictions | $7,653,420 |
| 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 | $13,233,891 |
Grants Awarded
Over the last fiscal year, Crossroads Fund has awarded $4,557,674 in support to 175 organizations.
| Grant Recipient | Amount |
|---|---|
OTHER LESS THAN 5000 PURPOSE: General operations | $326,634 |
Chicago, IL PURPOSE: General operations | $100,000 |
Chicago, IL PURPOSE: General operations | $80,000 |
Chicago, IL PURPOSE: General operations | $75,000 |
SOUTHSIDE TOGETHER PURPOSE: General operations | $75,000 |
Chicago, IL PURPOSE: General operations | $72,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Crossroads Fund has recieved totaling $1,330.
| Awarding Organization | Amount |
|---|---|
Lubetkin Family Foundation Winnetka, IL PURPOSE: SOCIAL | $1,330 |
Endowment Analysis
| Beg. Balance | $4,663,316 |
| Earnings | -$597,458 |
| Net Contributions | $16,675 |
| Grants | $177,267 |
| Ending Balance | $3,905,266 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
David F And Margaret T Grohne Family Foundation Western Springs, IL | $161,662,019 | $15,904,271 |
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Illinois Assistive Technology Program Springfield, IL | $10,127,419 | $6,900,669 |
Crossroads Fund Chicago, IL | $13,233,891 | $8,800,082 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |
Association Of State Floodplain Managers Inc Madison, WI | $3,465,086 | $3,791,524 |
Alan Stone Family Charitable Foundation % Reed Smith LLP - Harry Rosenberg Chicago, IL | $0 | $100,169 |
Peter And Paula Fasseas Foundation Chicago, IL | $50,357,726 | $8,283,085 |
Jefferson City Parks And Recreation Foundation Jefferson City, MO | $842,423 | $291,038 |
Stephenson Family Foundation Schaumburg, IL | $89,371 | $3,480,000 |
Hope Haven Support Foundation Rock Valley, IA | $16,499,629 | $3,667,660 |
Butler Family Foundation Dubuque, IA | $48,442,192 | $3,565,783 |