Crossing Thresholds Inc
- Assets
- $724.0k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Wilton, CT
- Founding
- 06/2009
- Data as of
- 12/2022
- EIN
- 26-3924756
Organization Overview
Crossing Thresholds Inc is located in Wilton, CT. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Crossing Thresholds Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crossing Thresholds Inc 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 12/2022, Crossing Thresholds Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 11.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS NOT SIMPLY TO BUILD SCHOOLS. CROSSING THRESHOLDS PARTNERS WITH GRASSROOTS LEADERS TO CREATE HEALTHY AND HOLISTIC LEARNING ENVIRONMENTS THAT OFFER CHILDREN A MEANINGFUL CHANCE TO BREAK THE CYCLE OF POVERTY. OUR SCHOOLS ALSO INCLUDE FEEDING PROGRAMS, MEDICAL CARE, AND MUSICAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HAVE OUR FIVE PRIMARY SCHOOLS THAT CROSSING THRESHOLDS SUPPORTS: 1) FAFU-FACING THE FURURE, WHICH FEEDS AND EDUCATES 375 STUDENTS, 2)GARDEN OF HOPE WHICH FEEDS AND EDUCATES 380 STUDENTS, 3)DRUG FIGHTERS ORPHANAGE/PRIMARY SCHOOL WHICH FEEDS AND EDUCATES 340 STUDENTS AND SERVES AS A PERMANENT RESIDENCE FOR 50 ORPHANS, 4)CENTER OF HOPE WHICH FEEDS AND EDUCATES 220 STUDENTS, 5) COMMUNITY PILLARS, WHICH FEEDS AND EDUCATES 220 STUDENTS. IN 2021 WE PURCHASED LAND TO BUILD A PERMANENT SCHOOL FOR CENTER OF HOPE, WHICH CURRENTLY RENTS THEIR SPACE. WE BEGAN WORK TO BUILD THEIR NEW SCHOOL IN 2022 AND EXPECT COMPLETION IN EARLY 2023.
IN 2022 WE RAN 1 TRIP TO KENYA, OUR FIRST TRIP SINCE THE COVID PANDEMIC. WE BROUGHT 35 VOLUNTEERS TO KIBERA, TO COMPLETE THE BULDING OF COMMUNITY PILLARS, AND EXPERIENCE FIRSTHAND HOW CROSSING THRESHOLDS IS CHANGING LIVES THROUGH PROVIDING EDUCATION TO THE POOREST OF THE POOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Carter Via Executive Of | Officer | 40 | $85,000 |
Anne Aakre Secretary | OfficerTrustee | $0 | |
Austin Brooks Director | Trustee | $0 | |
Joseph French Director | Trustee | $0 | |
Emily Fawcett Director | Trustee | $0 | |
Timothy Kenefick Treasurer | OfficerTrustee | $0 |
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 | $1,157,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,157,645 |
| Total Program Service Revenue | $0 |
| Investment income | $326 |
| 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 | $1,157,971 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,819 |
| Pension plan accruals and contributions | $25,900 |
| Other employee benefits | $0 |
| Payroll taxes | $17,252 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,356 |
| Office expenses | $8,806 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,500 |
| Travel | $0 |
| 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 | $1,845 |
| All other expenses | $205,340 |
| Total functional expenses | $1,024,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,779 |
| Savings and temporary cash investments | $643,172 |
| 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 | $5,068 |
| Total assets | $724,019 |
| 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 | $1,740 |
| Total liabilities | $1,740 |
| Net assets without donor restrictions | $722,279 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $724,019 |