Cross Charitable Foundation Inc
- Assets
- $59.3m
- Revenue
- $4.9m
- Investments
- $44.4m
- Employees
- 0
- Location
- Bozeman, MT
- Founding
- 03/2001
- Data as of
- 12/2021
- EIN
- 83-0331707
Organization Overview
Cross Charitable Foundation Inc is located in Bozeman, MT. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cross Charitable Foundation 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 12/2021, Cross Charitable Foundation Inc generated $4.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cross Charitable Foundation Inc has awarded 642 individual grants totaling $11,999,150. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Gonnella Secretary | 3 | $40,000 | |
John R Clark Treasurer | 3 | $40,000 | |
Charles Folland President | 3 | $40,000 | |
Ryan Kirkham Vice President | 3 | $40,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wells Fargo Clearing Services Llc | 12/30/21 | $136,038 |
Wells Fargo Clearing Services Llc | 12/30/21 | $0 |
Rober W Baird & Co Inc | 12/30/21 | $0 |
Rober W Baird & Co Inc | 12/30/21 | $146,217 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $199 |
| Dividends & Interest | $1,058,088 |
| Net Rental Income | $2,080,000 |
| Net Gain on Sale of Assets | $1,800,987 |
| Capital Gain Net Income | $1,800,987 |
| Net ST Capital Gain | $468,505 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,939,274 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $160,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $59,530 |
| Depreciation | $331,358 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,883 |
| Total operating and administrative expenses | $862,438 |
| Contributions, gifts, grants paid | $2,493,250 |
| Total expenses and disbursements | $3,355,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,166,424 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $12,648,539 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $59,251,378 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $30,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $30,000 |
Grants Awarded
Over the last fiscal year, Cross Charitable Foundation Inc has awarded $2,493,250 in support to 135 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: GENERAL FUND | $100,000 |
Ogden, UT PURPOSE: GENERAL FUND | $100,000 |
THE CONSERVATION FUND PURPOSE: GENERAL FUND | $75,000 |
Port Townsend, WA PURPOSE: GENERAL FUND | $60,000 |
Driggs, ID PURPOSE: GENERAL FUND | $50,000 |
San Francisco, CA PURPOSE: GENERAL FUND | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
Rob and Terry Ryan Foundation (MONTANA) INC Hamilton, MT | $0 | $1,856,642 |
Michael D And Susan H Arnesonfamily Foundation Inc Gallatin Gateway, MT | $0 | $612,050 |
North Dakota Natural Resources Trust Inc Bismarck, ND | $40,272,608 | $8,625,050 |
Allen Wyoming Foundation Inc Cody, WY | $22,700,817 | $3,733,473 |
Mcm Foundation Inc Boise, ID | $0 | $21,729 |
Cross Charitable Foundation Inc Bozeman, MT | $59,251,378 | $4,939,274 |
Tykeson Fam Charitable Tr Ovando, MT | $84,261,165 | $6,505,228 |
Branches Foundation Sioux Falls, SD | $29,470,613 | $4,463,228 |