Totals
- Total revenue
- $2,585,114
- Total expenses
- $2,254,890
- Contributions and grants received
- $2,585,114
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $3,311,174
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $3,311,174
- Program services expenses (Part IX)
- $2,254,890
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,254,890
Program services were 100.0% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$2,585,114
-
1g · Noncash contributions included above
$15,380
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $270,397 · program services $270,397
-
7 · Other salaries and wages
total $654,944 · program services $654,944
-
8 · Pension plan contributions
total $0 · program services $0
-
9 · Other employee benefits
total $0 · program services $0
-
10 · Payroll taxes
total $152,834 · program services $152,834
-
11b · Fees: legal
total $21,943 · program services $21,943
-
11c · Fees: accounting
total $18,510 · program services $18,510
-
11d · Fees: lobbying
total $0 · program services $0
-
11f · Fees: investment management
total $0 · program services $0
-
11g · Fees: other
total $229,737 · program services $229,737
-
12 · Advertising and promotion
total $105,148 · program services $105,148
-
13 · Office expenses
total $51,365 · program services $51,365
-
14 · Information technology
total $35,400 · program services $35,400
-
15 · Royalties
total $0 · program services $0
-
16 · Occupancy
total $90,071 · program services $90,071
-
17 · Travel
total $24,556 · program services $24,556
-
18 · Travel or entertainment for public officials
total $0 · program services $0
-
19 · Conferences, conventions and meetings
total $37,080 · program services $37,080
-
20 · Interest
total $1,590 · program services $1,590
-
21 · Payments to affiliates
total $0 · program services $0
-
22 · Depreciation, depletion and amortization
total $93,425 · program services $93,425
-
23 · Insurance
total $59,580 · program services $59,580
-
24a · Other expenses: Athletics, academics, meals & entertainment for boys
total $295,358 · program services $295,358 · management and general $0 · fundraising $0
-
24b · Other expenses: Vehicle Maintenance
total $68,744 · program services $68,744 · management and general $0 · fundraising $0
-
24c · Other expenses: Expense due to fire
total $18,585 · program services $18,585 · management and general $0 · fundraising $0
-
24d · Other expenses: Dicipleship/Bibles
total $25,623 · program services $25,623 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $591,415 · end of year $130,328
-
2 · Savings and temporary cash investments
beginning of year $762,901 · end of year $1,528,757
-
10a · Land, buildings and equipment: cost or other basis
$1,961,370
-
10b · Land, buildings and equipment: accumulated depreciation
$309,281
-
10c · Land, buildings and equipment, net
beginning of year $1,715,983 · end of year $1,652,089
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $89,349 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $2,980,950 · end of year $3,311,174
Mission and programs · 2022
Mission
To spread the life changing word of Christ into our community utilizing a variety of resources to have a far reach and broad impact.
Activities or mission (Part I)
To spread the life-changing word of Christ into our community, through athletic outreach, Christian Discipleship, college readiness, life skill training, and free meal program.
-
Power Cross provides free hot meals daily to young men in our community who primarily live in food insecure homes. We served approximately 81,000 free meals in 2022-2023
Expenses $81,542 · Grants $32,250
-
Transportation- A key portion of the Power Cross program is providing transportation to our participants. The fleet managment of Power Cross provides thousands of miles of transportation annually.
Expenses $58,443
-
Athletic Training and Development- We provide athletic teams and training for young men in baseball, basketball, wrestling, and football. Providing training, equipment, assistance with recruiting and free camps and clinics year round.
Expenses $207,666 · Grants $7,000
-
Academic Support- Power Cross provides weekly academic support year round, and also college prep courses.
Expenses $16,579
-
House of Grace- Power Cross has 3 transitional homes to assist our families who are homeless in redirecting their lives and providing them with shelter and guidance. Families apply to live in the home and receive life skill development and Christian mentoring to get back on their feet.
Expenses $300
-
Emergency Family Assistance- occasionally there is an immediate need that Power Cross can fill for our families. Typically these are bills that are past due and services that are in danger of being terminated.
Expenses $250
-
Power Cross Christmas Party-We rent our local civic center and provide Christmas Dinner for all of the member of our ministry and their family. We average between 600-700 guest. We provide gifts for all children in attendance and an evangelist speaks.
Expenses $26,435 · Grants $5,000
-
Bible Study and Discipleship of the community and PC Participants
Expenses $23,804
-
High School Recruiting and College Preparation Skill Development. Support of Alumni in college.
Expenses $5,518
-
Staff Development and Spiritual Wellness
Expenses $3,832
-
Capitol Projects of Football Field Installation and Facility Renovations
Expenses $575,502
-
Staff Pay
Expenses $314,549
-
Contractor Pay
Expenses $300,979
-
Payroll /taxes
Expenses $101,449
-
Accounting
Expenses $6,958
-
Advertising & Marketing
Expenses $14,671
-
Office Expenses
Expenses $51,365
-
Information Technology- Cell Phones, Internet, Softwares
Expenses $35,400
-
Occupancy- Owner Financing Payment, Utilities
Expenses $90,071
-
Travel
Expenses $24,556
-
Insurance
Expenses $59,580
-
Alarm Service
Expenses $6,851
-
General Maintenance of buildings & landscaping
Expenses $88,158
-
Depreciation
Expenses $119,497
-
other Expenses
Expenses $40,935
As filed on the 2022 return.
Listed in Part VII
-
Jeff Storment
Co-Founder
- Total calculated
- $74,651
- From this org
- $74,651
- From related orgs
- $0
- Other
- $0
- Hours/week
- 55
-
Natalie Storment
Co-Founder
- Total calculated
- $74,651
- From this org
- $74,651
- From related orgs
- $0
- Other
- $0
- Hours/week
- 55
-
Cory Knight
Daily Operations Director
- Total calculated
- $60,918
- From this org
- $60,918
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Matthew Murdock
Statesville Director
- Total calculated
- $46,619
- From this org
- $46,619
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Damoin J Parsons
Salisbury Director
- Total calculated
- $13,558
- From this org
- $13,558
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Matthew Redmond
Board of Directors
- Total calculated
- $0
- Hours/week
- 0
-
Jeff Tucker
Board of Directors
- Total calculated
- $0
- Hours/week
- 0
-
Scarlett Chapman
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Ben Shelton
Board of Directors
- Total calculated
- $0
- Hours/week
- 0
-
Steve Jones
Board of Directors
- Total calculated
- $0
- Hours/week
- 0
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401989349300305
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