Crossroads Incorporated FY2024 filing

Tax-deductible

New Brunswick, NJ501(c)(3)Since 1981Human ServicesEIN 22-2345520

The crossroads theatre company is dedicated to artistic excellence in the creation and production of professional theatre that: 1. Celebrates the culture, artistry and voices of the african diaspora; 2. Provides a nurturing, professional working environment for writers and artists in the development of plays created and interpreted through the lens of the black experience; 3. Presents authentic portrayals of people of color in this country and from around the world in order to inspire, educate, ignite imagination and promote healing in our society; 4. Promotes a deeper, more informed cross-cultural conversation on community, our interconnectedness, the histories we share and don't share, the human condition today, and the world we strive to build for tomorrow.

501(c)(3) charity; gifts are tax-deductible.
53¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $32K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$155K
73% of total assets
Worth a look: liabilities are 73% of assets; over 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+49% vs prior year
Spent
$803K
To programs
53%
Net assets
$58K
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▲ +49%
Revenue by fiscal year
FY2020$914K
FY2021$616K
FY2022$1.1M
FY2023$725K
FY2024$1.1M
FY2024$513K
Expenses
$803K
FY2024▼ -12%
Expenses by fiscal year
FY2020$739K
FY2021$456K
FY2022$1.4M
FY2023$917K
FY2024$803K
FY2024$556K
Net assets
$58K
FY2024▲ +126%
Net assets by fiscal year
FY2020−$44K
FY2021$208K
FY2022−$27K
FY2023−$219K
FY2024$58K
FY2024$15K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2010-11-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Mar 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $429K Management & general 47% · $374K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Richardo Khan’s $100K as Co- Founder & Artistic Director is at the 86th percentile of top reported officer pay among 2168 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2022FY2021FY2020
Richardo Khan$100,000$55,500—
Monica Weeks$70,000$52,500—
Marshall Jonesiii——$30,250
Peg Schular-Armstron—$27,000—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Crossroads Incorporated executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Produces professional theatre celebrating African diaspora culture and the Black experience.

Provided by the organization

This section is blank until Crossroads Incorporated claims this page.

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1 program service account for $429K of program spending, described in the organization's own filed words · FY2023.
01

Crossroads' primary effort has been its four-play main stage season, where the many timbres of the african american experience have been given voice in full productions. Since it's founding, crossroads has produced over 100 works, many of which were premiere productions by the world's leading african and african american artist.

$429Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$971K
Fees for servicesLn 2g$108K
Investment incomeLn 3$8
Money outPt IX
$803K
Ln 25
Programscol B$429K
Managementcol C$374K
Owns and owesPt X
$58K
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$213K
LiabilitiesLn 26$155K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$971K
Government grantsLn 1e$638K
Fees for servicesLn 2g$108K
Investment incomeLn 3$8
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$68K
Cash and savings togetherLn 1–2$68K
Other assetsLn 15$15K
Total assetsLn 16$213K
LiabilitiesLn 26$155K
Net assetsLn 32$58K
OperationsPt I, VI
EmployeesI 53
VolunteersI 61,520
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$50K$68K
Total assetsLn 16$126K$213K
LiabilitiesLn 26$345K$155K
Net assetsLn 32−$219K$58K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$196K$196K
Other salaries and wagesLn 7$281K$281K
Pension plan contributionsLn 8$5K$5K
Other employee benefitsLn 9$17K$17K
Payroll taxesLn 10$30K$22K$7K
Management feesLn 11a$32K$4K$28K
Accounting feesLn 11c$28K$28K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$23K$23K
Office expensesLn 13$64K$64K
OccupancyLn 16$46K$37K$9K
TravelLn 17$26K$13K$13K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$45K$44K$618
Total functional expensesLn 25$803K$429K$374K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $1.1M$803K$276K$58K 990 PDF
FY2023 $725K$917K−$191K−$219K 990 PDF
FY2022 $1.1M$1.4M−$259K−$27K 990 PDF
FY2021 $616K$456K$160K$208K 990 PDF
FY2020 $914K$739K$176K−$44K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,079,123 across 6 lines filed
VIII-1e Government grants$637,844
VIII-1f All other contributions, gifts and grants$333,471
VIII-1h Total contributions, gifts and grants$971,315
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $107,800$107,800
VIII-3 Investment incomeExcluded from tax $8$8
VIII-12 Total revenueRelated to mission $107,800 · Excluded from tax $8$1,079,123
Part IX · Statement of functional expenses $802,785 across 14 lines filed
IX-5 Pay of current officers, directors and key staffManagement $196,065$196,065
IX-7 Other salaries and wagesPrograms $280,627$280,627
IX-8 Pension plan contributionsPrograms $5,078$5,078
IX-9 Other employee benefitsPrograms $16,635$16,635
IX-10 Payroll taxesPrograms $22,409 · Management $7,470$29,879
IX-11a Management feesPrograms $4,115 · Management $28,231$32,346
IX-11c Accounting feesManagement $28,125$28,125
IX-11g Other fees for servicesManagement $3,730$3,730
IX-12 Advertising and promotionManagement $23,450$23,450
IX-13 Office expensesManagement $64,026$64,026
IX-16 OccupancyPrograms $36,890 · Management $9,450$46,340
IX-17 TravelPrograms $13,299 · Management $12,820$26,119
IX-23 InsurancePrograms $5,412$5,412
IX-24 Other expenses (24a–d)Programs $44,335 · Management $618$44,953
IX-25 Total functional expensesPrograms $428,800 · Management $373,985 · Fundraising $0$802,785
Part X · Balance sheet $212,845 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $50,139$67,936
X-4 Accounts receivableStart of year $63,220$129,253
X-9 Prepaid expenses and deferred chargesStart of year $1,218$400
X-15 Other assetsStart of year $11,860$15,256
X-16 Total assetsStart of year $126,437$212,845
X-17 Accounts payable and accrued expensesStart of year $174,994$102,516
X-24 Unsecured notes and loans payableStart of year $115,000$52,548
X-26 Total liabilitiesStart of year $344,994$155,064
X-27 Net assets without donor restrictionsStart of year −$218,557$57,781
X-32 Total net assets or fund balancesStart of year −$218,557$57,781
X-33 Total liabilities and net assetsStart of year $126,437$212,845
Part XI · Reconciliation of net assets $57,781 net assets at year end
XI-1 Total revenue$1,079,123
XI-2 Total expenses$802,785
XI-3 Revenue less expenses$276,338
XI-4 Net assets at start of year−$218,557
XI-10 Net assets at end of year$57,781

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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