Crossroads College
- Assets
- $1.5m
- Revenue
- $473.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Rochester, MN
- Founding
- 02/1945
- Data as of
- 06/2024
- EIN
- 41-0789402
Organization Overview
Crossroads College is located in Rochester, MN. The organization was established in 1945. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2024, Crossroads College employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crossroads College 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 06/2024, Crossroads College generated $473.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $304.1k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (23.4%) per year over the past 8 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE CHRIST AND HIS CHURCH BY DEVELOPING LEADERS AND PROVIDING RESOURCES THAT STRENGTHEN CHURCHES. ACTIVITIES INVOLVE PARTNERING WITH HOPE INTERNATIONAL UNIVERSITY TO PROVIDE EDUCATIONAL SERVICES, RECRUITING STUDENTS TO ROCHESTER, MN, AND CHURCH DEVELOPMENT ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MOST SIGNIFICANT ACCOMPLISHMENTS ARE (1) ONGOING PARTNERSHIP WITH HOPE INTERNATIONAL UNIVERSITY TO PROVIDE EDUCATIONAL SERVICES, (2) RECRUITING STUDENTS TO ROCHESTER, MN (3) CHURCH DEVELOPMENT ACTIVITIES AND (4) ASSISTING STARTING NEW CHURCHES IN WISCONSIN AND MINNESOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Curtis Mcginnis Executive Director | 40 | $71,594 | |
Kevin Blanchard Chair | OfficerTrustee | 2 | $0 |
Jane Jech Vice Chair | OfficerTrustee | 1 | $0 |
Al Wager Treasurer | Trustee | 1 | $0 |
Jeremy Allard Trustee | Trustee | 1 | $0 |
Rachel Ebling Trustee | 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 | $397,948 |
| Noncash contributions included in lines 1a–1f | $271,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $397,948 |
| Total Program Service Revenue | $16,263 |
| Investment income | $18,521 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$606 |
| Net Income from Fundraising Events | $396 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $473,506 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,650 |
| 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. | $71,594 |
| Compensation of current officers, directors, key employees. | $10,739 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,102 |
| Pension plan accruals and contributions | $3,360 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $596 |
| Fees for services: Accounting | $9,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,347 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,140 |
| Office expenses | $3,762 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $300 |
| Travel | $14,600 |
| 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 | $5,428 |
| Insurance | $39,672 |
| All other expenses | $5,025 |
| Total functional expenses | $304,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,824 |
| Savings and temporary cash investments | $319,533 |
| 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 | $12,150 |
| Investments—publicly traded securities | $98,178 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $999,417 |
| Total assets | $1,453,102 |
| Accounts payable and accrued expenses | $5,588 |
| 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 | $69,630 |
| Total liabilities | $75,218 |
| Net assets without donor restrictions | $0 |
| 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 | $1,377,884 |
| Total liabilities and net assets/fund balances | $1,453,102 |
Grants Awarded
Over the last fiscal year, Crossroads College has awarded $71,350 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
1128 COMMUNITY CHURCH PURPOSE: CHURCH SUPPORT | $19,000 |
CHRISTIAN FINANCIAL RESOURCES PURPOSE: DONOR ADVISED FUND | $12,350 |
LIVING HOPE CHURCH PURPOSE: CHURCH SUPPORT | $6,000 |
STORY HILL CHURCH PURPOSE: CHURCH SUPPORT | $6,000 |
REVIVE CHURCH PURPOSE: CHURCH SUPPORT | $28,000 |