Crossroads Mission Enterprises Inc
- Assets
- $173.4k
- Revenue
- $486.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 10/2011
- Data as of
- 07/2023
- EIN
- 27-3710146
Organization Overview
Crossroads Mission Enterprises Inc is located in Raleigh, NC. The organization was established in 2011. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crossroads Mission Enterprises 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 07/2023, Crossroads Mission Enterprises Inc generated $486.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $479.4k during the year ending 07/2023. While expenses have increased by 4.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR CROSSROADS FELLOWSHIP CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OWN AND OPERATE A THRIFT STORE KNOWN AS THE "MISSIONS THRIFT STORE AND A "DONATION STATION" TO SUPPORT ALL OF THE OBJECTIVES AND ACTIVITIES OF AND CARRY OUT THE PURPOSE OF CROSSROADS FELLOWSHIP CHURCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
B Mark Dalton President | OfficerTrustee | 1 | $0 |
Marc Brady Treasurer | OfficerTrustee | 1 | $0 |
Michael Elliot Board Member | Trustee | 1 | $0 |
Doug Bennet Board Member | Trustee | 1 | $0 |
Mark Thompson Board Member | Trustee | 1 | $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 | $270,868 |
| Noncash contributions included in lines 1a–1f | $265,977 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,868 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $215,096 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $486,915 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,832 |
| 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 | $182,011 |
| Pension plan accruals and contributions | $17,795 |
| Other employee benefits | $1,210 |
| Payroll taxes | $25,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $134 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,671 |
| Advertising and promotion | $9,941 |
| Office expenses | $75,947 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,573 |
| 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 | $114,058 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $857 |
| All other expenses | $0 |
| Total functional expenses | $479,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,158 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,139 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $44,217 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $917 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $173,431 |
| Accounts payable and accrued expenses | $3,418 |
| 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 | $3,418 |
| Net assets without donor restrictions | $170,013 |
| 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 | $173,431 |
Grants Awarded
Over the last fiscal year, Crossroads Mission Enterprises Inc has awarded $183,864 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CROSSROADS FELLOWSHIP CHURCH PURPOSE: CHARITABLE | $70,396 |
DOOR INTERNATIONAL PURPOSE: CHARITABLE | $21,536 |
CROSSROADS FELLOWSHIP CHURCH PURPOSE: CHARITABLE | $70,396 |
DOOR INTERNATIONAL PURPOSE: CHARITABLE | $21,536 |