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Nonprofiteer
← CRYSTAL AXE CHARITIES INC

Form 990 for tax year 2024

Filed by CRYSTAL AXE CHARITIES INC.

Totals

Total revenue
$95,149
Total expenses
$78,619
Contributions and grants received
$163,728
Grants paid
$56,931
Program service revenue
$0
Investment income
$0
Other revenue
-$68,579
Total assets, end of year
$21,552
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$21,552
Program services expenses (Part IX)
$70,918
Management and general expenses
$7,701
Fundraising expenses
$0
Program service expenses (Part III)
$70,918

Program services were 90.2% 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.

  • 1c · Fundraising events

    $163,728

  • 8a · Fundraising events: gross income

    $47,510

  • 8a · Fundraising events: contributions included on line 1c

    $163,728

  • 8b · Fundraising events: direct expenses

    $116,089

  • 8c · Net income from fundraising events

    total -$68,579 · excluded -$68,579

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $26,931 · program services $26,931

  • 2 · Grants to domestic individuals

    total $30,000 · program services $30,000

  • 11c · Fees: accounting

    total $2,625 · management and general $2,625

  • 11g · Fees: other

    total $5,076 · management and general $5,076

  • 12 · Advertising and promotion

    total $12,302 · program services $12,302

  • 14 · Information technology

    total $1,500 · program services $1,500

  • 24a · Other expenses: PNC Bank Fees

    total $110 · program services $110

  • 24b · Other expenses: Filing Fees

    total $75 · program services $75

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,022 · end of year $21,552

  • 27 · Net assets without donor restrictions

    beginning of year $5,022 · end of year $21,552

Mission and programs · 2024

Mission

Crystal Axe Charities, Inc. ('CAC') is a Wisconsin nonstock, nonprofit corporation formed in 2023 that is governed by its volunteer board of directors. CAC works to bring together business, philanthropic, individual, and community leaders to deliver funding and other resources to Section 501(c)(3) public charities. CAC's primary Section 501(c)(3) tax-exempt activity is to operate as a grant-making organization that strategically makes grants to other Section 501(c)(3) public charities. At this time, CAC anticipates that substantially all of its time and resources will be allocated to its primary activity of distributing funds through contributions, gifts, and grants to such Code Section 501(c)(3) public charities or other grantees that are chosen by CAC's board of directors. CAC's board of directors will oversee this grant-making program.

Activities or mission (Part I)

Crystal Axe Charities, Inc. ('CAC') works to bring together business, philanthropic, individual, and community leaders to deliver funding and other resources to Section 501(c)(3) public charities.

  • The Organization holds an annual fundraising event for charitable grants.

    Expenses $70,918 · Grants $56,931

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ryan Keepman

    President, Director

    Total calculated
    $0
    Hours/week
    2

  • John King

    Secretary, Director

    Total calculated
    $0
    Hours/week
    2

  • Pete Schlosser

    Treasurer, Director

    Total calculated
    $0
    Hours/week
    2

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

  • Carriage Operations DBA Becker Ritter Funeral Home

    $26,931

    Payment for Funeral

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.1
Source object
202531359349316633

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