Crossroads Fund INC FY2023 filing

Tax-deductible

Chicago, IL501(c)(3)Since 1980EIN 36-3092907Revenue $7.0M in FY2023

On file with the IRScrossroadsfund.org3411 W Diversey Ave Ste 20, 60647-1281 · Chicago, ILTax-exempt since Nov 1980Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of Crossroads Fund, INC. Is to support community organizations working on issues of racial, social, and economic justice in the chicago area.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$158K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $1.7M a year · 22% 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$158K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
37
named funders · $2.7M
Looks good: 37 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.8M
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.0M
-21% vs prior year
Spent
$7.3M
To programs
88%
Net assets
$11.6M
By yearFY2021–FY2025
Revenue
$7.0M
FY2023▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2021$6.5M
FY2022$8.8M
FY2023$7.0M
FY2024$11.8M
FY2025$5.5M
Expenses
$7.3M
FY2023▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2021$4.4M
FY2022$5.9M
FY2023$7.3M
FY2024$6.9M
FY2025$6.4M
Net assets
$11.6M
FY2023-0.09%
Tap a bar for its year
Net assets by fiscal year
FY2021$9.6M
FY2022$11.6M
FY2023$11.6M
FY2024$17.3M
FY2025$16.5M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1980.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $6.4M Management & general 5% · $361K Fundraising 7% · $549K

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

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Who runs it and what they're paid

20 people listed on the 990; $158K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$158,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Jane Kimondo$202,925$192,267$158,000$146,500$128,000
Michael Aguhar$116,090$110,567———
Kristina Roque$102,725————

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 Fund INC 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

Funds and supports Chicago-area grassroots organizations working for racial, social, and economic justice through grants, technical assistance, and donor education programs.

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Provided by the organization

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2 programs · $6.4M · in their own filed words · FY2022
01

Grant Making

During the fiscal year dozens of grants were issued to organizations working for social change, health care access, youth organizing, workers' rights, criminal justice, and many other issues concerning social and economic justice.

$6.4Mprogram expense
02

Technical assistance and leadership development provided to GRANTEES.EDUCATIONAL programs designed to connect donors to grassroots organizations and to deepen the understanding of social justice issues.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 37 funders →
Grants paid · 860 grants · $22.7M · 2020–2024
The Lucy Parsons LabsIL · FY2024$100,000
Chicago Freedom SchoolIL · FY2024$87,500
Build INCIL · FY2024$76,500
Social and Environmental EntrFY2024$74,500
March 13 FundIL · FY2024$74,000
Cannabis Equity Il CoalitionIL · FY2024$74,000
Illinios Workers in ActionIL · FY2024$69,000
United Church of Rogers ParkIL · FY2024$67,500
Arab American Action NetworkIL · FY2024$65,000
Blackroots AllianceIL · FY2024$62,500
Alternatives IncorporatedIL · FY2024$60,000
Chicago Alliance Against RaciFY2024$58,000
Alliance of the SoutheastIL · FY2024$55,000
Individual RecipientFY2024$50,000
See all 860 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$7.0M
Ln 12
Gifts and grantsLn 1h$6.1M
Other incomeLn 4–11$762K
Investment incomeLn 3$65K
Money outPt IX
$7.3M
Ln 25
Programscol B$6.4M
Managementcol C$361K
Fundraisingcol D$549K
Owns and owesPt X
$11.6M
net assets · Ln 32
Cash and savingsLn 1–2$7.6M
Total assetsLn 16$13.4M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.1M
Noncash giftsLn 1g$197K
Investment incomeLn 3$65K
Other incomeLn 4–11$762K
Total revenueLn 12$7.0M
Assets in detailPt X, end of year
CashLn 1$5.5M
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$7.6M
InvestmentsLn 11–13$4.8M
Land, buildings, equipmentLn 10c$13K
Other assetsLn 15$688K
Total assetsLn 16$13.4M
LiabilitiesLn 26$1.8M
Net assetsLn 32$11.6M
OperationsPt I, VI
EmployeesI 510
VolunteersI 643
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 FY23End FY23
Cash and savingsLn 1–2$8.5M$7.6M
InvestmentsLn 11–13$4.6M$4.8M
Land, buildings, equipmentLn 10c$8K$13K
Total assetsLn 16$13.2M$13.4M
LiabilitiesLn 26$1.6M$1.8M
Net assetsLn 32$11.6M$11.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5.9M$5.9M
Pay of current officers, directors and key staffLn 5$158K$8K$55K$95K
Other salaries and wagesLn 7$666K$174K$200K$293K
Pension plan contributionsLn 8$23K$5K$7K$11K
Other employee benefitsLn 9$54K$12K$17K$25K
Payroll taxesLn 10$63K$14K$20K$30K
Other fees for servicesLn 11g$27K$6K$8K$13K
Advertising and promotionLn 12$3K$586$822$1K
Office expensesLn 13$3K$657$922$1K
Information technologyLn 14$29K$6K$9K$14K
OccupancyLn 16$40K$9K$12K$19K
TravelLn 17$9K$2K$3K$4K
Depreciation, depletion and amortizationLn 22$3K$572$802$1K
InsuranceLn 23$4K$983$1K$2K
Other expenses (24a–d)Ln 24$344K$304K$16K$24K
All other expensesLn 24e$33K$7K$10K$16K
Total functional expensesLn 25$7.3M$6.4M$361K$549K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.5M$6.4M−$912K$16.5M 990 PDF
FY2024 $11.8M$6.9M$4.9M$17.3M 990 PDF
FY2023 Viewing $7.0M$7.3M−$383K$11.6M 990 PDF
FY2022 $8.8M$5.9M$2.9M$11.6M 990 PDF
FY2021 $6.5M$4.4M$2.1M$9.6M 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 FY2023 990 (6 parts)
Part I · Summary $6,965,722 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,870,872$6,138,354
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $224,370$65,212
I-11 Other revenuePrior year $704,840$762,156
I-12 Total revenuePrior year $8,800,082$6,965,722
I-13 Grants and similar amounts paidPrior year $4,608,041$5,889,698
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $787,009$964,106
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $474,591$495,194
I-18 Total expensesPrior year $5,869,641$7,348,998
I-19 Revenue less expensesPrior year $2,930,441−$383,276
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,965,722 across 6 lines filed
Lines not itemized here account for $65,212 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$6,138,354
VIII-1g Noncash contributions (included above)$196,864
VIII-1h Total contributions, gifts and grants$6,138,354
VIII-8 Net income from fundraising eventsExcluded from tax $183,100$183,100
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $579,056$579,056
VIII-12 Total revenueRelated to mission $644,268 · Unrelated business $0 · Excluded from tax $183,100$6,965,722
Part IX · Statement of functional expenses $7,348,998 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $5,889,698$5,889,698
IX-5 Pay of current officers, directors and key staffPrograms $7,900 · Management $55,300 · Fundraising $94,800$158,000
IX-7 Other salaries and wagesPrograms $173,735 · Management $199,511 · Fundraising $292,756$666,002
IX-8 Pension plan contributionsPrograms $5,029 · Management $7,056 · Fundraising $10,732$22,817
IX-9 Other employee benefitsPrograms $11,886 · Management $16,673 · Fundraising $25,359$53,918
IX-10 Payroll taxesPrograms $13,968 · Management $19,596 · Fundraising $29,805$63,369
IX-11g Other fees for servicesPrograms $5,979 · Management $8,388 · Fundraising $12,758$27,125
IX-12 Advertising and promotionPrograms $586 · Management $822 · Fundraising $1,250$2,658
IX-13 Office expensesPrograms $657 · Management $922 · Fundraising $1,403$2,982
IX-14 Information technologyPrograms $6,383 · Management $8,957 · Fundraising $13,622$28,962
IX-16 OccupancyPrograms $8,860 · Management $12,430 · Fundraising $18,906$40,196
IX-17 TravelPrograms $1,988 · Management $2,789 · Fundraising $4,241$9,018
IX-22 Depreciation, depletion and amortizationPrograms $572 · Management $802 · Fundraising $1,220$2,594
IX-23 InsurancePrograms $983 · Management $1,380 · Fundraising $2,099$4,462
IX-24 Other expenses (24a–d)Programs $303,789 · Management $16,040 · Fundraising $24,396$344,225
IX-24e All other expensesPrograms $7,270 · Management $10,194 · Fundraising $15,508$32,972
IX-25 Total functional expensesPrograms $6,439,283 · Management $360,860 · Fundraising $548,855$7,348,998
Part X · Balance sheet $13,427,199 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $6,923,025$5,488,280
X-2 Savings and temporary cash investmentsStart of year $1,579,252$2,075,099
X-3 Pledges and grants receivableStart of year $62,000$330,000
X-9 Prepaid expenses and deferred chargesStart of year $20,379$26,322
X-10c Land, buildings and equipment, netStart of year $8,463$12,767
X-11 Publicly traded securitiesStart of year $4,570,772$4,806,581
X-15 Other assetsStart of year $70,000$688,150
X-16 Total assetsStart of year $13,233,891$13,427,199
X-17 Accounts payable and accrued expensesStart of year $1,321,620$968,275
X-18 Grants payableStart of year $320,000$487,000
X-25 Other liabilitiesStart of year $0$390,196
X-26 Total liabilitiesStart of year $1,641,620$1,845,471
X-27 Net assets without donor restrictionsStart of year $3,938,851$4,013,331
X-28 Net assets with donor restrictionsStart of year $7,653,420$7,568,397
X-32 Total net assets or fund balancesStart of year $11,592,271$11,581,728
X-33 Total liabilities and net assetsStart of year $13,233,891$13,427,199
Part XI · Reconciliation of net assets $11,581,728 net assets at year end
XI-1 Total revenue$6,965,722
XI-2 Total expenses$7,348,998
XI-3 Revenue less expenses−$383,276
XI-4 Net assets at start of year$11,592,271
XI-5 Net unrealized gains (losses) on investments$372,733
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,581,728

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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