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Nonprofiteer
← CROSSROADS FUND

Form 990 for tax year 2023

Filed by CROSSROADS FUND.

Totals

Total revenue
$11,776,204
Total expenses
$6,886,864
Contributions and grants received
$11,407,610
Grants paid
$5,261,227
Program service revenue
$0
Investment income
$402,387
Other revenue
-$33,793
Total assets, end of year
$18,732,154
Total liabilities, end of year
$1,439,243
Net assets or fund balances, end of year
$17,292,911
Program services expenses (Part IX)
$5,920,368
Management and general expenses
$378,812
Fundraising expenses
$587,684
Program service expenses (Part III)
$5,920,368

Program services were 86.0% 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.

  • 1c · Fundraising events

    $189,206

  • 1f · All other contributions, gifts and grants

    $11,218,404

  • 1g · Noncash contributions included above

    $264,921

  • 3 · Investment income

    total $397,749 · excluded $397,749

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $20,865

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

    securities $16,227

  • 7c · Gain or loss

    securities $4,638

  • 7d · Net gain or loss

    total $4,638 · excluded $4,638

  • 8a · Fundraising events: gross income

    $45,550

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

    $189,206

  • 8b · Fundraising events: direct expenses

    $79,480

  • 8c · Net income from fundraising events

    total -$33,930

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $137 · related or exempt $137

  • 11e · Other revenue, total

    $137

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,261,227 · program services $5,261,227

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $210,259 · program services $10,513 · management and general $73,591 · fundraising $126,155

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $719,542 · program services $226,531 · management and general $186,771 · fundraising $306,240

  • 8 · Pension plan contributions

    total $20,830 · program services $6,601 · management and general $5,392 · fundraising $8,837

  • 9 · Other employee benefits

    total $47,949 · program services $14,973 · management and general $12,489 · fundraising $20,487

  • 10 · Payroll taxes

    total $68,921 · program services $17,850 · management and general $19,204 · fundraising $31,867

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $27,824 · management and general $27,824

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $290,662 · program services $284,818 · management and general $1,868 · fundraising $3,976

  • 12 · Advertising and promotion

    total $6,325 · program services $3,109 · management and general $1,193 · fundraising $2,023

  • 13 · Office expenses

    total $9,905 · program services $5,443 · management and general $1,251 · fundraising $3,211

  • 14 · Information technology

    total $30,631 · program services $8,441 · management and general $8,344 · fundraising $13,846

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $42,267 · program services $10,947 · management and general $11,777 · fundraising $19,543

  • 17 · Travel

    total $21,862 · program services $10,583 · management and general $4,238 · fundraising $7,041

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $3,800 · program services $984 · management and general $1,059 · fundraising $1,757

  • 23 · Insurance

    total $5,129 · program services $1,214 · management and general $1,307 · fundraising $2,608

  • 24a · Other expenses: MEETINGS

    total $41,018 · program services $27,617 · management and general $4,574 · fundraising $8,827

  • 24b · Other expenses: BANK AND CREDIT CARD FEES

    total $18,022 · program services $4,667 · management and general $5,022 · fundraising $8,333

  • 24c · Other expenses: EQUIPMENT LEASE AND MAINT

    total $17,829 · program services $12,565 · management and general $1,962 · fundraising $3,302

  • 24d · Other expenses: DUES, SUBSCRIPTIONS, AND REF

    total $15,959 · program services $4,133 · management and general $4,447 · fundraising $7,379

  • 24e · All other expenses

    total $26,903 · program services $8,152 · management and general $6,499 · fundraising $12,252

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,488,280 · end of year $743,256

  • 2 · Savings and temporary cash investments

    beginning of year $2,075,099 · end of year $7,005,047

  • 3 · Pledges and grants receivable

    beginning of year $330,000 · end of year $2,946,000

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,322 · end of year $33,281

  • 10a · Land, buildings and equipment: cost or other basis

    $59,479

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,292

  • 10c · Land, buildings and equipment, net

    beginning of year $12,767 · end of year $50,187

  • 11 · Investments: publicly traded securities

    beginning of year $4,806,581 · end of year $5,973,633

  • 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

    beginning of year $688,150 · end of year $1,980,750

  • 17 · Accounts payable and accrued expenses

    beginning of year $968,275 · end of year $783,816

  • 18 · Grants payable

    beginning of year $487,000 · end of year $337,000

  • 25 · Other liabilities

    beginning of year $390,196 · end of year $318,427

  • 27 · Net assets without donor restrictions

    beginning of year $4,013,331 · end of year $4,316,363

  • 28 · Net assets with donor restrictions

    beginning of year $7,568,397 · end of year $12,976,548

Mission and programs · 2023

Mission

THE MISSION OF CROSSROADS FUND, INC. IS TO SUPPORT COMMUNITY ORGANIZATIONS WORKING ON ISSUES OF RACIAL, SOCIAL, AND ECONOMIC JUSTICE IN THE CHICAGO AREA.

  • GRANT MAKING - DURING THE FISCAL YEAR DOZENS OF GRANTS WERE ISSUED TO ORGANIZATIONS WORKING FOR SOCIAL CHANGE, HEALTH CARE ACCESS, YOUTH ORGANIZING, WORKERS' RIGHTS, CRIMINAL JUSTICE, AND MANY OTHER ISSUES CONCERNING SOCIAL AND ECONOMIC JUSTICE.TECHNICAL ASSISTANCE AND LEADERSHIP DEVELOPMENT PROVIDED TO GRANTEES.EDUCATIONAL PROGRAMS DESIGNED TO CONNECT DONORS TO GRASSROOTS ORGANIZATIONS AND TO DEEPEN THE UNDERSTANDING OF SOCIAL JUSTICE ISSUES.

    Expenses $5,920,368 · Grants $5,261,227

As filed on the 2023 return.

Listed in Part VII

  • JANE KIMONDO

    Executive Dir.

    Total calculated
    $210,259
    From this org
    $192,267
    From related orgs
    $0
    Other
    $17,992
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,600
    Bonus
    $11,667
    Other
    not reported
    Deferred
    $5,768
    Nontaxable benefits
    $12,224
    Filer's total
    $210,259

  • MICHAEL AGUHAR

    PROGRAM DIRECTOR

    Total calculated
    $113,918
    From this org
    $110,567
    From related orgs
    $0
    Other
    $3,351
    Hours/week
    40

  • MAKKAH ALI

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MOLLIE ANDERSON

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • LEE DEWEY

    TREASURER/SECRE

    Total calculated
    $0
    Hours/week
    2

  • MISSY CARPENTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CECILE DE MELLO

    Director

    Total calculated
    $0
    Hours/week
    2

  • HANAN EL-YOUSSEF

    Director

    Total calculated
    $0
    Hours/week
    2

  • SHARLYN GRACE

    Director

    Total calculated
    $0
    Hours/week
    2

  • TRACIE HALL

    Director

    Total calculated
    $0
    Hours/week
    2

  • ALHELI M IRIZARRY

    Director

    Total calculated
    $0
    Hours/week
    2

  • KATELYN JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GABRIEL JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SKYLER LATTIMORE

    Director

    Total calculated
    $0
    Hours/week
    2

  • CHANDRA PALMER

    Director

    Total calculated
    $0
    Hours/week
    2

  • ERWIN SANCHEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MUHAMMAD SANKARI

    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. 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

  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
26 February 2025
IRS schema version
2023v6.0
Source object
202520579349301517

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