The Cross Foundation FY2022 filing

Effingham, IL · Religious organization · Since 1997 · Religion

✓ Tax-deductible
Revenue
$422K
+457% vs prior year
Spent
$125K
To programs
97%
Net assets
$1.6M
By yearFY2020–FY2025
Revenue
$422K
FY2022▲ +457%
Revenue by fiscal year
FY2020$111K
FY2021$76K
FY2022$422K
FY2023$65K
FY2024$221K
FY2025$223K
Expenses
$125K
FY2022▲ +23%
Expenses by fiscal year
FY2020$65K
FY2021$102K
FY2022$125K
FY2023$145K
FY2024$146K
FY2025$197K
Net assets
$1.6M
FY2022▲ +22%
Net assets by fiscal year
FY2020$1.4M
FY2021$1.3M
FY2022$1.6M
FY2023$1.6M
FY2024$1.6M
FY2025$1.7M

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CThe Cross Foundation
EINHdr · item D36-4176913
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 1997
Year of formationHdr · item L1997
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CEffingham, IL
NTEE classificationIRS BMFReligion (X99Z)
WebsiteHdr · item Jwww.crossusa.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$122K
Management & general3%$3K
Total functional expensesLn 25$125K

Financial health

Is it on solid ground?

Program efficiency
97%
of spending reaches programs
Operating runway
29.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+70%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$1.7M
FY2022▲ +20%
Total assets by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.7M
FY2023$1.6M
FY2024$1.6M
FY2025$1.7M
Total liabilities
$6K
FY2022▼ -77%
Total liabilities by fiscal year
FY2020$36K
FY2021$27K
FY2022$6K
FY2023$0
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19$297K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$309K
Total assetsLn 16$1.7M
Total liabilitiesLn 26$6K
Total net assetsLn 32$1.6M
Months of cash on handcomputed29.6

Statement of Revenue

Part VIII
Contributions & grants100%$422K
Investment income$116
Other revenue$319
Total revenueLn 12$422K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $310K · Operating expenses/yr $125K
29.7 months
Where the money goes
Program services
Program services $122K · Total expenses $125K
97%
Management & General
Management & general $3K · Total expenses $125K
3%
Fundraising
Fundraising $0 · Total expenses $125K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $203K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $422K · Total revenue $422K
100%
Government reliance
Government grants — · Total revenue $422K
—
Earned-income share
Program service revenue $0 · Total revenue $422K
0%
Investment reliance
Investment income $116 · Total revenue $422K
+0.03%
Program self-sufficiency
Program service revenue $0 · Total expenses $125K
0%
Growth & trend
Revenue growth (YoY)
This year $422K · Prior year $76K
+457%
Net-asset trend (YoY)
End of year $1.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $422K · Expenses $125K
+70%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7M
—
Net-asset ratio
Net assets $1.6M · Total assets $1.7M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.7M
0.09%
People & payroll
Highest Reported Total Compensation
Individual James M Schultz · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $125K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $125K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%——
Overhead ratio 3%——
Fundraising cost ratio 0%——
Revenue growth 457%——
Legal fee ratio 2%——
Accounting fee ratio 0.5%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Cross Foundation executive salaries →

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Shares the Christian message of love, forgiveness, and eternal life.

Provided by the organization

This section is blank until The Cross Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $122K of program spending, described in the organization's own filed words · FY2022.
01

Operation of a lighted cross, visitors' center, and meditation garden in effingham, illinois. The visitors' center is open from 10 am to 7 PM for the months april through october, and from 10 am to 4 PM for november through march.

$122Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$100K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $223K$197K+0.9% 990 PDF
FY2024 $221K$146K+238% 990 PDF
FY2023 $65K$145K-84% 990 PDF
FY2022 Viewing $422K$125K+457% 990 PDF
FY2021 $76K$102K-32% 990 PDF
FY2020 $111K$65K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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