Crossroads Fellowship Foundation
- Assets
- $234.0k
- Revenue
- $350.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 10/2001
- Data as of
- 07/2022
- EIN
- 56-2223603
Organization Overview
Crossroads Fellowship Foundation is located in Raleigh, NC. The organization was established in 2001. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crossroads Fellowship Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Crossroads Fellowship Foundation has awarded 214 individual grants totaling $1,796,693. 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
TO PROVIDE SUPPORT FOR CROSSROADS FELLOWSHIP CHURCH AND VARIOUS LOCAL NON-PROFIT ENTITIES IN THE FORM OF CONTRIBUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SUPPORT TO CROSSROADS FELLOWSHIP CHURCH AND VARIOUS LOCAL NON-PROFIT ENTITIES IN THE FORM OF CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Corey Vice President | OfficerTrustee | 1 | $0 |
Andy George President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $350,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $350,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $323,321 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,235 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $804 |
| Payroll taxes | $156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $4,138 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $333,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,956 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $233,956 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $233,956 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $233,956 |
Grants Awarded
Over the last fiscal year, Crossroads Fellowship Foundation has awarded $257,650 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Raleigh, NC PURPOSE: CHARITABLE | $20,000 |
Belhaven, NC PURPOSE: CHARITABLE | $16,250 |
Raleigh, NC PURPOSE: CHARITABLE | $12,000 |
Raleigh, NC PURPOSE: CHARITABLE | $11,250 |
Raleigh, NC PURPOSE: CHARITABLE | $11,000 |
Raleigh, NC PURPOSE: CHARITABLE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Crossroads Fellowship Foundation has recieved totaling $14,900.
| Awarding Organization | Amount |
|---|---|
Triangle Community Foundation Durham, NC PURPOSE: GENERAL PURPOSE | $14,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For The Charlotte Jewish Community Charlotte, NC | $211,438,737 | $25,663,220 |
Wiseheart Foundation Memphis, TN | $10,743,867 | $6,206,349 |
Global Ministries Foundation Cordova, TN | $20,808,133 | $5,793,917 |
Heart For Africa Inc Roswell, GA | $1,675,421 | $4,060,144 |
National Christian Charitable Foundation Inc Knoxville, TN | $13,653,760 | $2,866,277 |
Church Loan Fund Inc Cleveland, TN | $45,949,413 | $2,026,360 |
Foundation Of The Holy Apostles Inc Atlanta, GA | $31,152,603 | $274,998 |
Blood Water Mission Inc Nashville, TN | $1,496,326 | $2,219,618 |
Covenant Community Inc Atlanta, GA | $1,600,874 | $1,029,941 |
The Jerusalem Connection Richmond, VA | $1,897,803 | $589,284 |
Hope For The World Foundation Inc Spring Hill, TN | $130,711 | $613,253 |
International Pentecostal Holiness Foundation Inc Fayetteville, NC | $17,419,729 | $720,271 |