Cross Foundation
- Assets
- $31.1k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-6765443
Organization Overview
Cross Foundation is located in Houston, TX. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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 Foundation 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 12/2022, Cross Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cross Foundation has awarded 131 individual grants totaling $3,569,577. 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 |
|---|---|---|---|
Bradley Cross Trustee | 1 | $0 | |
Young Me Cross Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,160,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,160,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $105,730 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,389 |
| Printing and publications | $0 |
| Other expenses | $38,026 |
| Total operating and administrative expenses | $153,095 |
| Contributions, gifts, grants paid | $1,627,251 |
| Total expenses and disbursements | $1,780,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,138 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $31,138 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Cross Foundation has awarded $1,627,251 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEGRO ORGANIZATIONAL SOLUTIONS INC PURPOSE: MISSIONARY SUPPORT | $6,000 |
ANANIAS HOUSE PURPOSE: PROJECTS | $35,400 |
ARABIAN WORLD PARTNERSHIP PURPOSE: MISSIONARY SUPPORT | $10,175 |
AXIA INTERNATIONAL PURPOSE: MISSIONARY SUPPORT | $5,000 |
BIBLE CHRISITIAN CHURCH PURPOSE: PROJECTS | $7,500 |
CHI ALPHA CAMPUS MINISTRIES PURPOSE: MISSIONARY SUPPORT | $7,500 |