Crossroads Springs Africa Inc
- Assets
- $210.0k
- Revenue
- $669.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Sherman, CT
- Founding
- 05/2010
- Data as of
- 12/2020
- EIN
- 80-0480509
Organization Overview
Crossroads Springs Africa Inc is located in Sherman, CT. The organization was established in 2010. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crossroads Springs Africa 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 12/2020, Crossroads Springs Africa Inc generated $669.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $637.3k during the year ending 12/2020. While expenses have increased by 15.9% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CROSSROADS SPRINGS AFRICA ASSISTS KENYAN STUDENTS AND THEIR FAMILIES RISE OUT OF POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST KENYAN STUDENTS AND THEIR FAMILIES AS THEY RISE OUT OF POVERTY. WE PROVIDE MONETARY SUPPORT TO OVER 150 HIGH SCHOOL AND COLLEGE AGE STUDENTS AND THEIR FAMILIES WHICH INCLUDES SCHOOL FEES, AGRICULTURAL TRAINING AND BUSINESS TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Hyde President | OfficerTrustee | 6 | $0 |
Margret Hatrick Vice President | OfficerTrustee | 3 | $0 |
Charlotte Tahk Secretary | OfficerTrustee | 4 | $0 |
John Mcfadden Treasurer | OfficerTrustee | 8 | $0 |
Mary Klaus Director | Trustee | 4 | $0 |
Elizabeth Wallace Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,723 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $658,252 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $666,975 |
| Total Program Service Revenue | $0 |
| Investment income | $1,976 |
| 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 | $668,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $547,935 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $60,835 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $20,000 |
| Fees for services: Legal | $191 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,245 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $2,057 |
| Total functional expenses | $637,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,019 |
| Savings and temporary cash investments | $0 |
| 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 | $190,023 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $210,042 |
| 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 | $210,042 |
| 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 | $210,042 |
Grants Awarded
Over the last fiscal year, Crossroads Springs Africa Inc has awarded $547,935 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Sherman, CT PURPOSE: To enable Friends of Kenya Rising to continue the work of Crossroads Springs Africa, Inc. and Friends of Kakamega. | $500,000 |
Sherman, CT PURPOSE: As Crossroads Springs Africa Inc. (CSA) proceeded with its consolidation with Friends of Kakamega (FoK) to form a new 501(c)3, Friends of Kenya Rising, it became efficient to transfer funds to FoK to have them wire the funds to Kenya in one larger transfer rather than send smaller amounts from both CSA and FoK. | $47,935 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Crossroads Springs Africa Inc has recieved totaling $59.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $59 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The Israel Defense Forces New York, NY | $197,064,966 | $87,861,352 |
Central Fund Of Israel Cedarhurst, NY | $25,861,859 | $55,454,981 |
American Friends Of Yeshiva Dmir Inc Brooklyn, NY | $9,703,912 | $39,700,022 |
Acumen Fund Inc New York, NY | $151,257,086 | $30,454,797 |
Armenian General Benevolent Union New York, NY | $296,944,132 | $43,918,491 |
Root Capital Inc Cambridge, MA | $84,001,332 | $21,396,934 |
Jerusalem Foundation Inc New York, NY | $41,082,907 | $16,301,645 |
American Society Of The University Of Haifa New York, NY | $7,655,758 | $11,239,823 |
Tibet Fund New York, NY | $8,176,885 | $9,507,647 |
Friends Of Ir David Inc New York, NY | $1,931,131 | $8,657,861 |
Yeshivas Chasidei Belz-Belz Institutions In Israel Brooklyn, NY | $1,824,863 | $9,693,412 |
United Board For Christian Higher Education In Asia New York, NY | $134,521,171 | $6,638,102 |