Form 990 for tax year 2023

Filed by CROSSROADS AT ANTIGUA FOUNDATION.

Totals

Total revenue: $1,358,664
Total expenses: $2,250,619
Contributions and grants received: $158,179
Grants paid: $2,130,476
Program service revenue: $0
Investment income: $321,989
Other revenue: $878,496
Total assets, end of year: $4,429,327
Total liabilities, end of year: $1,190,126
Net assets or fund balances, end of year: $3,239,201
Program services expenses (Part IX): $2,195,365
Management and general expenses: $55,254
Fundraising expenses: $0
Program service expenses (Part III): $2,195,365

Program services were 97.5% 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.

1f · All other contributions, gifts and grants

$158,179
3 · Investment income

total $45,230 · excluded $45,230
5 · Royalties

total $312,022 · excluded $312,022
7a · Gross sales of assets other than inventory

securities $3,050,726
7b · Less cost or other basis and sales expenses

securities $2,773,967
7c · Gain or loss

securities $276,759
7d · Net gain or loss

total $276,759 · excluded $276,759
8a · Fundraising events: gross income

$4,530,031
8b · Fundraising events: direct expenses

$3,963,557
8c · Net income from fundraising events

total $566,474 · excluded $566,474

Functional expenses

Part IX, the statement of functional expenses.

3 · Grants to foreign organizations and individuals

total $2,130,476 · program services $2,130,476
11a · Fees: management

total $25,229 · management and general $25,229
11c · Fees: accounting

total $64,837 · program services $53,687 · management and general $11,150
11f · Fees: investment management

total $18,875 · management and general $18,875
23 · Insurance

total $251 · program services $251
24a · Other expenses: WEBSITE

total $5,000 · program services $5,000
24b · Other expenses: BANK FEES

total $2,900 · program services $2,900
24c · Other expenses: POSTAGE & FREIGHT

total $1,634 · program services $1,634
24d · Other expenses: DELAWARE FILING FEE

total $1,417 · program services $1,417

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,338,961 · end of year $464,086
4 · Accounts receivable

beginning of year $86,967 · end of year $13,528
7 · Other notes and loans receivable

beginning of year $1,375,000 · end of year $1,375,000
9 · Prepaid expenses and deferred charges

beginning of year $257,054 · end of year $1,239,912
11 · Investments: publicly traded securities

beginning of year $2,639,969 · end of year $1,336,801
17 · Accounts payable and accrued expenses

end of year $350,126
19 · Deferred revenue

beginning of year $201,000 · end of year $600,000
22 · Loans and payables to officers and key people

beginning of year $1,140,000 · end of year $240,000
25 · Other liabilities

beginning of year $125,500 · end of year $0
27 · Net assets without donor restrictions

beginning of year $4,231,451 · end of year $3,239,201

Mission and programs · 2023

Mission

TO RAISE THE PROFILE OF THE CROSSROADS CENTRE,IN ANTIGUA AND ARRANGE FUND RAISING EVENTS TO SUPPORT PROJECTS AT THE CENTRE.

Activities or mission (Part I)

TO RAISE THE PROFILE OF THE CROSSROADS CENTRE, IN ANTIGUA AND ARRANGE FUNDRAISING EVENTS FOR SPECIFIC PROJECTS AT THE CENTRE.

THE MAIN ACTIVITIES FOR THE YEAR INCLUDED THE PRODUCTION AND SALE OF THE DVD FOR THE GUITAR FESTIVAL FROM PRIOR YEARS. OTHER ACTIVITIES FOR THE YEAR WERE THE RECEIPT OF ROYALTIES FROM ONLINE MERCHANDISING SALES, THE GUITAR FESTIVAL DVDS AND CDS, TV ROYALTIES, THE MADISON SQUARE GARDEN VIDEO AND CROSSROADS "REVISTED" RELEASED IN JULY 2016. THE FOUNDATION DONATED A TOTAL OF $2,130,476 TO THE CROSSROADS CENTRE, ANTIGUA FOR THE FOLLOWING PROJECTS:(continued on Schedule O page 1)- SCHOLARSHIPS TOTALLING $543,868: 34 SCHOLARSHIPS WERE PROVIDED TO INDIVIDUALS FOR ADMISSION TO THE DRUG AND ALCOHOL REHABILITATION PROGRAM AT ANTIGUA.- DONATIONS TO THE CROSSROADS CENTRE, ANTIGUA TOTALLING $1,586,608: TO COVER EXPENSES INCURRED FOR REGULAR OPERATIONS, BUILDING IMPROVEMENTS AND OVERALL MAINTENANCE.

Expenses $2,195,365 · Grants $2,130,476 · Revenue $4,688,210

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

ERIC CLAPTON

DIRECTOR

Total calculated

$0

Hours/week

1
PETER JACKSON

DIRECTOR

Total calculated

$0

Hours/week

1
MICHAEL EATON

SECRETARY

Total calculated

$0

Hours/week

2
SCOOTER WEINTRAUB

DIRECTOR

Total calculated

$0

Hours/week

1
ROBERT J EPSTEIN ESQ

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

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

CROSSROADS CONCERT LLC

CONDUCTS FUND RAISING EVENTS · DE · income $4,530,031 · assets $1,454,633

Directly controlled by THE CROSSROADS AT ANTIGUA FOUNDATION

Provenance

Return type: form_990
Tax year: 2023
Filed: 17 February 2025
IRS schema version: 2023v6.0
Source object: 202530579349301433

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