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Nonprofiteer
← CROSSROADS AT ANTIGUA FOUNDATION

Form 990 for tax year 2022

Filed by CROSSROADS AT ANTIGUA FOUNDATION.

Totals

Total revenue
$584,792
Total expenses
$2,036,973
Contributions and grants received
$48,598
Grants paid
$1,904,464
Program service revenue
$338
Investment income
$325,909
Other revenue
$209,947
Total assets, end of year
$5,697,951
Total liabilities, end of year
$1,466,500
Net assets or fund balances, end of year
$4,231,451
Program services expenses (Part IX)
$1,909,137
Management and general expenses
$127,836
Fundraising expenses
$0
Program service expenses (Part III)
$1,909,137

Program services were 93.7% 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

    $48,598

  • 2f · All other program service revenue

    total $338 · excluded $338

  • 3 · Investment income

    total $52,794 · excluded $52,794

  • 5 · Royalties

    total $209,947 · excluded $209,947

  • 7a · Gross sales of assets other than inventory

    securities $4,254,150

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

    securities $3,981,035

  • 7c · Gain or loss

    securities $273,115

  • 7d · Net gain or loss

    total $273,115 · excluded $273,115

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $1,904,464 · program services $1,904,464

  • 11a · Fees: management

    total $31,360 · management and general $31,360

  • 11b · Fees: legal

    total $760 · management and general $760

  • 11c · Fees: accounting

    total $12,889 · program services $1,930 · management and general $10,959

  • 11f · Fees: investment management

    total $30,871 · management and general $30,871

  • 11g · Fees: other

    total $56,028 · management and general $56,028

  • 23 · Insurance

    total -$2,652 · management and general -$2,652

  • 24a · Other expenses: WEBSITE

    total $1,425 · program services $1,425

  • 24b · Other expenses: DELAWARE FILING FEE

    total $1,285 · program services $775 · management and general $510

  • 24c · Other expenses: BANK FEES

    total $543 · program services $543

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,408 · end of year $1,338,961

  • 4 · Accounts receivable

    beginning of year $82,854 · end of year $86,967

  • 7 · Other notes and loans receivable

    beginning of year $1,375,000 · end of year $1,375,000

  • 9 · Prepaid expenses and deferred charges

    end of year $257,054

  • 11 · Investments: publicly traded securities

    beginning of year $4,312,701 · end of year $2,639,969

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,540

  • 19 · Deferred revenue

    end of year $201,000

  • 22 · Loans and payables to officers and key people

    end of year $1,140,000

  • 25 · Other liabilities

    beginning of year $51,738 · end of year $125,500

  • 27 · Net assets without donor restrictions

    beginning of year $5,749,685 · end of year $4,231,451

Mission and programs · 2022

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 ACTIVITY FOR THE YEAR WAS THE PRODUCTION AND SALE OF THE DVD FOR THE GUITAR FESTIVAL. OTHER MAIN 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 $1,904,464 TO THE CROSSROADS CENTRE, ANTIGUA FOR THE FOLLOWING PROJECTS:(continued on Schedule O page 1)- SCHOLARSHIPS TOTALLING $352,338: 31 SCHOLARSHIPS WERE PROVIDED TO INDIVIDUALS FOR ADMISSION TO THE DRUG AND ALCOHOL REHABILITATION PROGRAM AT ANTIGUA.- DONATIONS TO THE CROSSROADS CENTRE, ANTIGUA TOTALLING $1,552,126: TO COVER EXPENSES INCURRED FOR REGULAR OPERATIONS, BUILDING IMPROVEMENTS AND OVERALL MAINTENANCE.

    Expenses $1,909,137 · Grants $1,904,464 · Revenue $210,286

As filed on the 2022 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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202411319349301876

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