CrossBridge Inc.
Fiscal Year
Fiscal Year Start
06/01/2023
Fiscal Year End
05/31/2024
Projected Revenue
$1,569,000.00
Projected Expenses
$1,569,000.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $1,977,436.00 | $6,269,666.00 | $2,274,213.00 |
| Total Expenses | $1,408,316.00 | $867,966.00 | $735,030.00 |
| Revenue Less Expenses | $569,120.00 | $5,401,700.00 | $1,539,183.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $662,689.00 | $1,796,344.00 | $1,246,100.00 |
| Contributions, Gifts, and Grants | $559,467.00 | $3,852,730.00 | $487,421.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $415,742.00 | $345,025.00 | $298,871.00 |
| Investment Income, Net of Losses | $42,758.00 | $488.00 | $1,018.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $260,780.00 | $275,079.00 | $240,803.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $1,045,502.00 | $631,635.00 | $519,491.00 |
| Administration Expense | $290,251.00 | $189,065.00 | $172,013.00 |
| Fundraising Expense | $72,563.00 | $47,266.00 | $43,526.00 |
| Total Revenue/Total Expenses | 140% | 722% | 309% |
| Program Expense/Total Expenses | 74% | 73% | 71% |
| Fundraising Expense/Contributed Revenue | 5% | 5% | 6% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $662,689.00 | Contributions, Gifts, Grants $3,852,730.00 | Government Grants $1,246,100.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $559,467.00 | Government Grants $1,796,344.00 | Contributions, Gifts, and Grants $487,421.00 |
| Third Highest Funding Source & Dollar Amount | Program Revenue $415,742.00 | Program Revenue $345,025.00 | Program Revenue $298,871.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $8,552,182.00 | $8,153,054.00 | $5,444,352.00 |
| Current Assets | $2,148,993.00 | $1,663,439.00 | $1,602,282.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $2,635,330.00 |
| Current Liabilities | $7,114.00 | $177,106.00 | $234,774.00 |
| Total Net Assets | $8,545,068.00 | $7,975,948.00 | $2,574,248.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
November
Permit Expiration Year
2023
Form 990s
Audit Documents
| 2023 Audit Report | 2023 |
| 2022 Audit Report | 2022 |
| 2021 Audit Report | 2021 |
| CBI 2020 Audit Report | 2020 |
| 2019 Audit Report | 2019 |
| 2018 Audit Report | 2018 |
| 2017 Audit Report | 2017 |
| 2016 Audit Report | 2016 |
| 2015 Audit Report | 2015 |
| 2014 Audit Report | 2014 |
Foundation Staff Comments
| Financial figures taken from the 990, prepared by Brown & Maguire CPAs, PLLC. Comments provided by Hayley Sulfridge 8/7/23. |
