Powercross
- Assets
- $903.3k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Statesville, NC
- Founding
- 06/2008
- Data as of
- 08/2021
- EIN
- 14-1989435
Organization Overview
Powercross is located in Statesville, NC. The organization was established in 2008. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 08/2021, Powercross employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Powercross is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Powercross generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $1.4m during the year ending 08/2021. While expenses have increased by 19.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SPREAD THE LIFE-CHANGING WORD OF CHRIST INTO OUR COMMUNITY, THROUGH ATHLETIC OUTREACH, CHRISTIAN DISCIPLESHIP, COLLEGE READINESS, LIFE SKILL TRAINING, AND FREE MEAL PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POWER CROSS PROVIDES FREE HOT MEALS DAILY TO YOUNG MEN IN OUR COMMUNITY WHO PRIMARILY LIVE IN FOOD INSECURE HOMES. WE SERVED APPROXIMATELY 81,000 FREE MEALS IN 2020-2021.
TRANSPORTATION- A KEY PORTION OF THE POWER CROSS PROGRAM IS PROVIDING TRANSPORTATION TO OUR PARTICIPANTS. THE FLEET MANAGMENT OF POWER CROSS PROVIDES THOUSANDS OF MILES OF TRANSPORTATION ANNUALLY.
ATHLETIC TRAINING AND DEVELOPMENT- WE PROVIDE ATHLETIC TEAMS AND TRAINING FOR YOUNG MEN IN BASEBALL, BASKETBALL, WRESTLING, AND FOOTBALL. PROVIDING TRAINING, EQUIPMENT, ASSISTANCE WITH RECRUITING AND FREE CAMPS AND CLINICS YEAR ROUND.
POWER CROSS PROVIDES FREE HOT MEALS DAILY TO YOUNG MEN IN OUR COMMUNITY WHO PRIMARILY LIVE IN FOOD INSECURE HOMES. WE SERVED APPROXIMATELY 81,000 FREE MEALS IN 2020-2021.
TRANSPORTATION- A KEY PORTION OF THE POWER CROSS PROGRAM IS PROVIDING TRANSPORTATION TO OUR PARTICIPANTS. THE FLEET MANAGMENT OF POWER CROSS PROVIDES THOUSANDS OF MILES OF TRANSPORTATION ANNUALLY.
ATHLETIC TRAINING AND DEVELOPMENT- WE PROVIDE ATHLETIC TEAMS AND TRAINING FOR YOUNG MEN IN BASEBALL, BASKETBALL, WRESTLING, AND FOOTBALL. PROVIDING TRAINING, EQUIPMENT, ASSISTANCE WITH RECRUITING AND FREE CAMPS AND CLINICS YEAR ROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Murdock Daily Operations Director | Officer | 50 | $45,000 |
Natalie Storment Co-Founder | Officer | 55 | $45,000 |
Jeff Storment Co-Founder | Officer | 55 | $45,000 |
Anthony Shegog | Officer | 50 | $45,000 |
Khalil Miller Assistant Director | Officer | 50 | $45,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,745,653 |
| Noncash contributions included in lines 1a–1f | $47,504 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,745,653 |
| Total Program Service Revenue | $0 |
| Investment income | $26,580 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,772,233 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $335,998 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $283,191 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,954 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,518 |
| Office expenses | $28,743 |
| Information technology | $22,856 |
| Royalties | $0 |
| Occupancy | $99,695 |
| Travel | $4,674 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $60,013 |
| All other expenses | $470,370 |
| Total functional expenses | $1,375,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $749,897 |
| Savings and temporary cash investments | $153,355 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $903,252 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $903,252 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $903,252 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Powercross has recieved totaling $286,764.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $69,250 |
Cline Family Foundation Palm Beach Gardens, FL PURPOSE: GENERAL PURPOSE | $56,000 |
Troon Foundation Elon, NC PURPOSE: TO FUND TRANSPORTATION NEEDS AND STAFFING SUPPORT. | $50,000 |
John Wesley Hanes And Anna Hodgin Hanes Foundation Las Vegas, NV PURPOSE: GENERAL SUPPORT | $45,000 |
Dale Jr Foundation Mooresville, NC PURPOSE: EOY GIVING | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,810 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Advancing Native Missions Afton, VA | $4,333,922 | $11,124,622 |
National Pro-Life Alliance Springfield, VA | $3,799,169 | $8,934,186 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |
Sail-School For Arts-Infused Learning Evans, GA | $15,793,761 | $7,096,452 |
Artists In Christian Testimony Brentwood, TN | $4,393,846 | $10,064,345 |
South Carolina Christian Foundation Spartanburg, SC | $40,412,678 | $17,223,785 |
Acca Inc Annandale Christian Community For Action Annandale, VA | $4,445,077 | $8,164,971 |