Crossroads Rural Entrepreneurial Institute Inc

Organization Overview

Crossroads Rural Entrepreneurial Institute Inc is located in Galax, VA. The organization was established in 2002. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crossroads Rural Entrepreneurial Institute 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 06/2022, Crossroads Rural Entrepreneurial Institute Inc generated $642.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $675.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO CONTRIBUTE TO THE CONTINUING REVITALIZATION OF THE REGION'S ECONOMY AND OFFER A BRIGHTER FUTURE FOR OUR CITIZENS THROUGH AN INNOVATIVE CENTER FOR EDUCATIONAL AND ECONOMIC DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IMPROVE THE LIVES OF PEOPLE IN SOUTHWEST VIRGINIA BY PROVIDING AN INNOVATIVE STATE OF THE ART ECONOMIC DEVELOPMENT ENGINE COUPLING EDUCATION WITH ECONOMIC POTENTIAL OF THE COMMUNITY


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Board, Officers & Key Employees

Name (title)Compensation
Kenneth R Belton
Chair
$0
Mark A Burnette
Vice Chair
$0
Kelly Poe
Treasurer
$0
Susan Tilley
Member
$0
Willie T Greene
Member
$0
Rex L Hill
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $112,455
All other contributions, gifts, grants, and similar amounts not included above$2,800
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$115,255
Total Program Service Revenue$515,064
Investment income $72
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 $642,468

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Crossroads Rural Entrepreneurial Institute Inc has recieved totaling $89,660.

Awarding OrganizationAmount
Twin County Community Foundation

Galax, VA

PURPOSE: Healthcare Improvement

$44,830
Twin County Community Foundation

Galax, VA

PURPOSE: Healthcare Improvement

$44,830
View Grant Recipient Profile

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