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Crossroads Foundation INC FY2022 filing

Tax-deductible

Muscatine, IA501(c)(3)Human ServicesEIN 42-1471394Revenue $1.6M in FY2022

On file with the IRS1424 Houser St, 52761-2235 · Muscatine, IATax-exempt since Jan 1999Supporting org, Type III (functionally integrated) — 509(a)(3)

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Crossroads Foundation, INC. Is a supporting organization that owns real estate which IT leases to a related tax exempt organization, Crossroads, INC. Crossroads, INC. Provides assistance to persons having disabilities and special needs.

501(c)(3) charity; gifts are tax-deductible.
15¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · 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
1 of 5
filings with a surplus
Average surplus $247K a year · 62% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
15%
of spending
Concern: 15% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
27 mo
of spending, in cash
Looks good: 27.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$63K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
×22 vs prior year
Spent
$129K
To programs
15%
Net assets
$6.7M
By yearFY2020–FY2024
Revenue
$1.6M
FY2022▲ ×22
Tap a bar for its year
Revenue by fiscal year
FY2020$86K
FY2021$72K
FY2022$1.6M
FY2023$109K
FY2024$136K
Expenses
$129K
FY2022▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$124K
FY2021$151K
FY2022$129K
FY2023$159K
FY2024$207K
Net assets
$6.7M
FY2022▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.3M
FY2021$5.8M
FY2022$6.7M
FY2023$7.2M
FY2024$7.6M

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1999.

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

Where the money goes

15 cents of each dollar spent went to programs.

Program services 15% · $20K Management & general 82% · $106K Fundraising 2% · $3K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Tom Eberhard
Director
$0Pt VII · Sec A
Barb Davis
Director
$0Pt VII · Sec A
Greg Jenkins
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Bob Otting
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Gary Carlson
President
$0Pt VII · Sec A
Bob Howard
Treasurer
$0Pt VII · Sec A
See Crossroads Foundation 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 15aNo

Programs and updates

Owns real estate to support services for people with disabilities.

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Provided by the organization

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1 program · $20K · in their own filed words · FY2022
01

Crossroads foundation, inc. Is a qualified supporting organization operating under internal revenue service regulations to provide support to crossroads inc., a related tax-exempt organization. This support is provided through real estate the foundation owns that it leases to crossroads, inc. On an annual basis.

$20Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.5M
Other incomeLn 4–11$73K
Investment incomeLn 3$3K
Money outPt IX
$129K
Ln 25
Programscol B$20K
Managementcol C$106K
Fundraisingcol D$3K
Owns and owesPt X
$6.7M
net assets · Ln 32
Cash and savingsLn 1–2$291K
Total assetsLn 16$6.7M
LiabilitiesLn 26$63K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Noncash giftsLn 1g$1.5M
Investment incomeLn 3$3K
Other incomeLn 4–11$73K
Gains on assetsLn 7−$2K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$90K
SavingsLn 2$201K
Cash and savings togetherLn 1–2$291K
InvestmentsLn 11–13$4.1M
Land, buildings, equipmentLn 10c$2.2M
Other assetsLn 15$195K
Total assetsLn 16$6.7M
LiabilitiesLn 26$63K
Net assetsLn 32$6.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$395K$291K
InvestmentsLn 11–13$5.0M$4.1M
Land, buildings, equipmentLn 10c$535K$2.2M
Total assetsLn 16$5.9M$6.7M
LiabilitiesLn 26$60K$63K
Net assetsLn 32$5.8M$6.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$6K$1K$4K
Investment management feesLn 11f$39K$8K$31K
Office expensesLn 13$4K$808$3K
Conferences, conventions and meetingsLn 19$6K$1K$5K
Depreciation, depletion and amortizationLn 22$60K$6K$51K$3K
InsuranceLn 23$14K$3K$11K
Total functional expensesLn 25$129K$20K$106K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $136K$207K−$71K$7.6M 990 PDF
FY2023 $109K$159K−$49K$7.2M 990 PDF
FY2022 Viewing $1.6M$129K$1.5M$6.7M 990 PDF
FY2021 $72K$151K−$79K$5.8M 990 PDF
FY2020 $86K$124K−$38K$5.3M 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 FY2022 990 (6 parts)
Part I · Summary $1,601,118 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$1,525,180
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,770$2,837
I-11 Other revenuePrior year $70,646$73,101
I-12 Total revenuePrior year $72,416$1,601,118
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $151,121$128,690
I-18 Total expensesPrior year $151,121$128,690
I-19 Revenue less expensesPrior year −$78,705$1,472,428
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $1,601,118 across 8 lines filed
VIII-1f All other contributions, gifts and grants$1,525,180
VIII-1g Noncash contributions (included above)$1,525,180
VIII-1h Total contributions, gifts and grants$1,525,180
VIII-3 Investment incomeExcluded from tax $4,788$4,788
VIII-6 Net rental income or lossExcluded from tax $70,000$70,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,951−$1,951
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,101$3,101
VIII-12 Total revenueRelated to mission $3,101 · Unrelated business $0 · Excluded from tax $72,837$1,601,118
Part IX · Statement of functional expenses $128,690 across 6 lines filed
IX-11c Accounting feesPrograms $1,125 · Management $4,500$5,625
IX-11f Investment management feesPrograms $7,844 · Management $31,377$39,221
IX-13 Office expensesPrograms $808 · Management $3,233$4,041
IX-19 Conferences, conventions and meetingsPrograms $1,259 · Management $5,035$6,294
IX-22 Depreciation, depletion and amortizationPrograms $5,969 · Management $50,734 · Fundraising $2,984$59,687
IX-23 InsurancePrograms $2,764 · Management $11,058$13,822
IX-25 Total functional expensesPrograms $19,769 · Management $105,937 · Fundraising $2,984$128,690
Part X · Balance sheet $6,734,297 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $194,807$90,352
X-2 Savings and temporary cash investmentsStart of year $200,576$200,953
X-10c Land, buildings and equipment, netStart of year $535,355$2,151,221
X-11 Publicly traded securitiesStart of year $4,955,255$4,096,647
X-15 Other assetsStart of year $0$195,124
X-16 Total assetsStart of year $5,885,993$6,734,297
X-17 Accounts payable and accrued expensesStart of year $59,982$62,958
X-26 Total liabilitiesStart of year $59,982$62,958
X-27 Net assets without donor restrictionsStart of year $5,826,011$6,671,339
X-32 Total net assets or fund balancesStart of year $5,826,011$6,671,339
X-33 Total liabilities and net assetsStart of year $5,885,993$6,734,297
Part XI · Reconciliation of net assets $6,671,339 net assets at year end
XI-1 Total revenue$1,601,118
XI-2 Total expenses$128,690
XI-3 Revenue less expenses$1,472,428
XI-4 Net assets at start of year$5,826,011
XI-5 Net unrealized gains (losses) on investments−$627,100
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,671,339

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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