Skip to content
Nonprofiteer
← CROSSNORE SCHOOL CHILDRENS FOUNDATION

Form 990 for tax year 2024

Filed by CROSSNORE SCHOOL CHILDRENS FOUNDATION.

Totals

Total revenue
$1,177,782
Total expenses
$1,810,525
Contributions and grants received
$0
Grants paid
$1,683,149
Program service revenue
$0
Investment income
$1,177,782
Other revenue
$0
Total assets, end of year
$43,124,351
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$43,124,351
Program services expenses (Part IX)
$1,683,149
Management and general expenses
$127,376
Fundraising expenses
$0
Program service expenses (Part III)
$1,683,149

Program services were 93.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $1,017,389 · excluded $1,017,389

  • 7a · Gross sales of assets other than inventory

    securities $14,701,103

  • 7b · Less cost or other basis and sales expenses

    securities $14,540,710

  • 7c · Gain or loss

    securities $160,393

  • 7d · Net gain or loss

    total $160,393 · excluded $160,393

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,683,149 · program services $1,683,149

  • 11f · Fees: investment management

    total $127,376 · management and general $127,376

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,085,170 · end of year $479,211

  • 2 · Savings and temporary cash investments

    beginning of year $26,219 · end of year $26,259

  • 11 · Investments: publicly traded securities

    beginning of year $38,476,698 · end of year $42,618,881

  • 27 · Net assets without donor restrictions

    beginning of year $29,149,436 · end of year $34,331,064

  • 28 · Net assets with donor restrictions

    beginning of year $11,438,651 · end of year $8,793,287

Mission and programs · 2024

Mission

THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO CROSSNORE COMMUNITIES FOR CHILDREN THROUGH THE DISTRIBUTION OF INVESTMENT EARNINGS.

Activities or mission (Part I)

SUPPORTING THE ACTIVITIES OF CROSSNORE COMMUNITIES FOR CHILDREN.

  • THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO CROSSNORE COMMUNITIES FOR CHILDREN THROUGH THE DISTRIBUTION OF INVESTMENT EARNINGS.

    Expenses $1,683,149 · Grants $1,683,149

As filed on the 2024 return.

Listed in Part VII

  • Ted Laporte

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Jonathan Blanco

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    4 + 2 related

  • Rush Dickson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • David Riggins

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Saribeth Dozier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Kelly Graves

    TRUSTEE (AS OF 1/2025)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Katheryn Northington

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Traci Royster

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Brett Rule

    TRUSTEE (AS OF 1/2025)

    Total calculated
    $0
    Hours/week
    2

  • Chip Williamson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Brett Loftis

    CEO

    Total calculated
    $382,476
    From this org
    $0
    From related orgs
    $314,723
    Other
    $67,753
    Hours/week
    0.25 + 39.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $314,723 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,914 related
    Nontaxable benefits
    $0 + $49,839 related
    Filer's total
    $0 + $382,476 related

  • Teresa Huffman

    VICE PRESIDENT OF FINANCE

    Total calculated
    $168,563
    From this org
    $0
    From related orgs
    $156,086
    Other
    $12,477
    Hours/week
    0.25 + 39.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,086 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,612 related
    Nontaxable benefits
    $0 + $2,865 related
    Filer's total
    $0 + $168,563 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE CEO'S COMPENSATION AND BENEFITS PACKAGE IS ESTABLISHED AND REVIEWED ANNUALLY BY THE BOARD OF TRUSTEES OF CROSSNORE COMMUNITIES FOR CHILDREN, A RELATED, EXEMPT ORGANIZATION. THE BOARD HAS FULL AUTHORITY FOR DETERMINING BOTH THE BASE SALARY AND ANY ADJUSTMENTS TO COMPENSATION, INCLUDING INCREASES, INCENTIVES, OR MODIFICATIONS TO BENEFITS. TO INFORM THEIR DECISIONS, THE BOARD RELIES ON SUPPORT FROM THE ORGANIZATION'S HUMAN RESOURCES DEPARTMENT WHO CONDUCT MARKET ANALYSIS REVIEWS UPON REQUEST. THESE REVIEWS INCORPORATE BOTH NATIONAL AND LOCAL COMPARABLES, USING REPUTABLE EXTERNAL RESOURCES AND SURVEY DATA TO ENSURE COMPENSATION IS COMPETITIVE AND ALIGNED WITH MARKET STANDARDS IN THE NONPROFIT SECTOR AS WELL AS THE BROADER EXECUTIVE LABOR MARKET. THE HUMAN REOURCES DEPARTMENT REVIEWS THE COMPENSATION FOR ALL KEY EMPLOYEES EACH YEAR AND COMPARES TO THE MARKET. ADJUSTMENTS ARE MADE AS NECESSARY. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 August 2026
IRS schema version
2024v5.5
Source object
202612249349300506

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.