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Nonprofiteer
← CHEROKEE CROSSROADS FOUNDATION INC

Form 990 for tax year 2022

Filed by CHEROKEE CROSSROADS FOUNDATION INC.

Totals

Total revenue
$1,294,785
Total expenses
$1,357,612
Contributions and grants received
$1,272,317
Grants paid
$158,000
Program service revenue
$0
Investment income
$0
Other revenue
$22,468
Total assets, end of year
$939,366
Total liabilities, end of year
$37,383
Net assets or fund balances, end of year
$901,983
Program services expenses (Part IX)
$158,000
Management and general expenses
$56,309
Fundraising expenses
$1,143,303
Program service expenses (Part III)
$158,000

Program services were 11.6% 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

    $1,241,259

  • 1f · All other contributions, gifts and grants

    $31,058

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

    $1,241,259

  • 10a · Gross sales of inventory

    $25,000

  • 10b · Cost of goods sold

    $2,532

  • 10c · Net income from sales of inventory

    total $22,468 · related or exempt $22,468

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $158,000 · program services $158,000

  • 11c · Fees: accounting

    total $1,471 · management and general $1,471

  • 11g · Fees: other

    total $41,834 · management and general $41,834

  • 16 · Occupancy

    total $420,580 · fundraising $420,580

  • 22 · Depreciation, depletion and amortization

    total $24,210 · fundraising $24,210

  • 23 · Insurance

    total $20,000 · fundraising $20,000

  • 24a · Other expenses: Supplies

    total $3,185 · management and general $3,185

  • 24b · Other expenses: Equipment exp

    total $6,572 · management and general $6,572

  • 24c · Other expenses: Festival and golf tournament

    total $678,513 · fundraising $678,513

  • 24d · Other expenses: Other

    total $3,247 · management and general $3,247

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $290,620 · end of year $217,181

  • 4 · Accounts receivable

    beginning of year $20,350 · end of year $59,350

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

    $903,233

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

    $240,398

  • 10c · Land, buildings and equipment, net

    beginning of year $687,045 · end of year $662,835

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,206 · end of year $37,383

  • 27 · Net assets without donor restrictions

    beginning of year $172,851 · end of year $110,025

  • 28 · Net assets with donor restrictions

    beginning of year $791,958 · end of year $791,958

Mission and programs · 2022

Mission

Put on a music festival to raise funds for grants to 501(c)3 organizations.

  • Donated funds to 501(c)3 organizations

    Expenses $158,000 · Grants $158,000 · Revenue $1,297,317

As filed on the 2022 return.

Listed in Part VII

  • Renee Lorenz

    Director

    Total calculated
    $0
    Hours/week
    5

  • Clay Kutxh

    Director

    Total calculated
    $0
    Hours/week
    2

  • Matthew Jones

    Director

    Total calculated
    $0
    Hours/week
    2

  • Scott Beasley Jr

    President

    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

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349308141

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

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