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Nonprofiteer
← CROSBY SCHOLARS COMMUNITY PARTNERSHIP

Form 990 for tax year 2022

Filed by CROSBY SCHOLARS COMMUNITY PARTNERSHIP.

Totals

Total revenue
$4,732,064
Total expenses
$3,225,693
Contributions and grants received
$2,595,025
Grants paid
$874,345
Program service revenue
$1,864,919
Investment income
$48,145
Other revenue
$223,975
Total assets, end of year
$7,483,379
Total liabilities, end of year
$72,575
Net assets or fund balances, end of year
$7,410,804
Program services expenses (Part IX)
$2,409,829
Management and general expenses
$546,769
Fundraising expenses
$269,095
Program service expenses (Part III)
$2,409,829

Program services were 74.7% 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.

  • 1a · Federated campaigns

    $14,037

  • 1c · Fundraising events

    $59,108

  • 1d · Related organizations

    $305,060

  • 1e · Government grants (contributions)

    $647,239

  • 1f · All other contributions, gifts and grants

    $1,569,581

  • 1g · Noncash contributions included above

    $21,427

  • 2a · Program service revenue: GOODWILL AGREEMENT

    total $1,689,919 · related or exempt $1,689,919

  • 2b · Program service revenue: CONTRACT INCOME

    total $175,000 · related or exempt $175,000

  • 3 · Investment income

    total $45,319 · excluded $45,319

  • 7a · Gross sales of assets other than inventory

    securities $2,826

  • 7c · Gain or loss

    securities $2,826

  • 7d · Net gain or loss

    total $2,826 · excluded $2,826

  • 8a · Fundraising events: gross income

    $287,938

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

    $59,108

  • 8b · Fundraising events: direct expenses

    $81,148

  • 8c · Net income from fundraising events

    total $206,790 · excluded $206,790

  • 11a · Other revenue: MISCELLANEOUS

    total $17,185 · excluded $17,185

  • 11e · Other revenue, total

    $17,185

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $874,345 · program services $874,345

  • 5 · Compensation of officers, directors and key employees

    total $153,457 · program services $106,961 · management and general $24,972 · fundraising $21,524

  • 7 · Other salaries and wages

    total $1,342,257 · program services $983,073 · management and general $191,217 · fundraising $167,967

  • 8 · Pension plan contributions

    total $71,954 · program services $35,200 · management and general $20,274 · fundraising $16,480

  • 9 · Other employee benefits

    total $166,545 · program services $81,474 · management and general $46,927 · fundraising $38,144

  • 10 · Payroll taxes

    total $115,890 · program services $83,208 · management and general $17,849 · fundraising $14,833

  • 11c · Fees: accounting

    total $28,440 · management and general $28,440

  • 11f · Fees: investment management

    total $5,876 · management and general $5,876

  • 11g · Fees: other

    total $93,941 · program services $42,121 · management and general $51,820

  • 12 · Advertising and promotion

    total $10,584 · management and general $10,584

  • 13 · Office expenses

    total $72,520 · program services $2,371 · management and general $70,149

  • 14 · Information technology

    total $36,441 · management and general $36,441

  • 17 · Travel

    total $15,128 · program services $15,128

  • 19 · Conferences, conventions and meetings

    total $14,248 · program services $14,248

  • 22 · Depreciation, depletion and amortization

    total $19,291 · management and general $19,291

  • 23 · Insurance

    total $7,620 · management and general $7,620

  • 24a · Other expenses: MISCELLANEOUS

    total $93,809 · program services $68,353 · management and general $15,309 · fundraising $10,147

  • 24b · Other expenses: RECOGNITION

    total $51,057 · program services $51,057

  • 24c · Other expenses: ACADEMIES

    total $25,193 · program services $25,193

  • 24d · Other expenses: PUBLIC RELATIONS

    total $13,861 · program services $13,861

  • 24e · All other expenses

    total $13,236 · program services $13,236

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,759,537 · end of year $326,359

  • 2 · Savings and temporary cash investments

    beginning of year $155,713 · end of year $1,178,057

  • 3 · Pledges and grants receivable

    beginning of year $2,753,742 · end of year $3,030,667

  • 4 · Accounts receivable

    beginning of year $1,675 · end of year $52,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,618 · end of year $12,274

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

    $162,461

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

    $119,272

  • 10c · Land, buildings and equipment, net

    beginning of year $40,907 · end of year $43,189

  • 12 · Investments: other securities

    beginning of year $1,124,432 · end of year $2,414,895

  • 15 · Other assets

    beginning of year $6,940 · end of year $425,438

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,013 · end of year $54,295

  • 25 · Other liabilities

    end of year $18,280

  • 27 · Net assets without donor restrictions

    beginning of year $549,430 · end of year $1,362,820

  • 28 · Net assets with donor restrictions

    beginning of year $5,246,121 · end of year $6,047,984

Mission and programs · 2022

Mission

THE CROSBY SCHOLARS PROGRAM ASSISTS PUBLIC MIDDLE AND HIGH SCHOOL STUDENTS IN FORSYTH COUNTY BY PREPARING THEM FOR SUCCESSFUL COLLEGE ENROLLMENT.

Activities or mission (Part I)

PREPARE PUBLIC SCHOOL STUDENTS IN FORSYTH COUNTY FOR SUCCESSFUL COLLEGE ENROLLMENT.

  • THE CROSBY SCHOLARS PROGRAM PROVIDES LAST DOLLAR GRANT ASSISTANCE TO GRADUATING SENIORS AND COLLEGE CROSBY SCHOLARS WHO SUCCESSFULLY COMPLETE THE PROGRAM. GRANTS ARE AWARDED FOR UP TO 1200 FOR UP TO FOUR YEARS OF COLLEGE TO STUDENTS WHO SUCCESSFULLY COMPLETE THE PROGRAM AS HIGH SCHOOL SENIORS, ACHIEVE A 2.0 CUMULATIVE GPA/QPA AND DEMONSTRATE FINANCIAL NEED AS DETERMINED BY RESULTS FROM THE FAFSA AND THE PROGRAM'S NEED ANALYSIS FORMULA. CROSBY SCHOLARS WHO ARE AWARDED A LAST DOLLAR GRANT ARE THOSE STUDENTS WHO HAVE BEEN OFFERED ADMISSION TO A PROGRAM OF STUDY, THEY HAVE COMPLETED THE FAFSA, THEY HAVE RECEIVED AN AWARD LETTER FROM THE COLLEGE THEY PLAN TO ATTEND AND THEY HAVE APPLIED FOR A LAST DOLLAR GRANT. THE STUDENTS WHO MEET THESE CRITERIA RECEIVE THE LAST DOLLAR GRANT BECAUSE THEY HAVE NOT RECEIVED ENOUGH FINANCIAL AID TO COVER THE COST OF ATTENDANCE IN THAT PARTICULAR SCHOOL YEAR. THE PROGRAM HELPS STUDENTS PREPARE FOR COLLEGE BY ENCOURAGING THEM TO MAKE GOOD DECISIONS, BY HELPING THEM DEVELOP STRONG ACADEMIC SKILLS AND BY HELPING THEM TO UNDERSTAND THE REQUIREMENTS FOR COLLEGE ADMISSION EARLY. WITH THIS GUIDANCE, STUDENTS CAN PREPARE FOR COLLEGE ENROLLMENT AND SCHOLARSHIP/FINANCIAL AID OPPORTUNITIES. STUDENTS CAN JOIN THE CROSBY SCHOLARS PROGRAM AS EARLY AS 6TH GRADE TO BEGIN THE PROCESS OF PREPARING FOR COLLEGE. STUDENTS ATTEND WORKSHOPS CALLED SATURDAY ACADEMY ON COLLEGE CAMPUSES. THE SATURDAY ACADEMY WORKSHOPS INCLUDE TOPICS SUCH AS ANGER MANAGEMENT, BUILDING SELF-ESTEEM, SPEECH AND COMMUNICATION, TIME MANAGEMENT, STUDY SKILLS, TEST TAKING SKILLS, CONFLICT RESOLUTION, PREPARING FOR THE SAT, CAREER EXPLORATION, COLLEGE ADMISSIONS, SCHOLARSHIPS, FINANCIAL AID AND COLLEGE SURVIVAL SKILLS. THESE CLASSES HELP STUDENTS DEVELOP THE FOUNDATION FOR SUCCESS THAT WILL HELP THEM BECOME BETTER PREPARED FOR COLLEGE. STUDENTS IN GRADES 9-11 MEET MONTHLY WITH VOLUNTEERS TO BETTER PREPARE FOR SUCCESSFUL COLLEGE ENROLLMENT, AND SENIOR CROSBY SCHOLARS MEET ONE ON ONE WITH AN ADVISOR TO HELP WITH THE SENIOR YEAR COLLEGE APPLICATION AND SCHOLARSHIP PROCESS.

    Expenses $2,409,829 · Grants $874,345 · Revenue $1,864,919

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mona Lovett

    EXECUTIVE DI

    Total calculated
    $147,803
    From this org
    $126,980
    From related orgs
    $0
    Other
    $20,823
    Hours/week
    40

  • Israel Suarez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joan Healy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Omari Simmons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tricia McManus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Don Geletko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joyce Carson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marquis Barnett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tony Romeo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chad Brown Beg 122022

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Annamarie D'Souza Beg 122022

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Fox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Ingram Beg 92022

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phillip Petros Beg 92022

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeremiah Shipp Beg 122022

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Latida Smith Beg 122022

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ivey Brown End 92022

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anne Garvey End 92022

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joyce Kohfeldt End 92022

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Danny Newcomb End 92022

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ginger Salt

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Natalie Jensen-Noll

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • Jeff Hibbard

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Anne Westbrook

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • David Holden End 92022

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jason Wenker

    IMMEDIATE PA

    Total calculated
    $0
    Hours/week
    1

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
28 February 2024
IRS schema version
2022v5.0
Source object
202420749349300727

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