Totals
- Total revenue
- $75,320
- Total expenses
- $70,298
- Contributions and grants received
- $116,791
- Grants paid
- $20,000
- Program service revenue
- not reported
- Membership dues (line 3)
- not reported
- Investment income (line 4)
- not reported
- Gain or loss on sale of assets (line 5c)
- not reported
- Gaming and fundraising events, net (line 6d)
- -$41,471
- Gross profit on inventory sales (line 7c)
- not reported
- Other revenue (line 8)
- not reported
- Total assets, end of year
- $5,022
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $5,022
- Program service expenses (Part III)
- $37,158
Program services were 52.9% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2023
Primary exempt purpose
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 that are chosen by CAC's board of directors. CAC's board of directors will oversee this grant-making program.
-
The Organization holds an annual fundraising event for charitable grants.
Expenses $37,158 · Grants $20,000
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part IV
-
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 IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2023
- Filed
- 7 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202401349349201820
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