Crossroads Hope Academy Incorporated
- Assets
- $1.8m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 30
- Location
- Punta Gorda, FL
- Founding
- 11/2017
- Data as of
- 06/2022
- EIN
- 81-5467641
Organization Overview
Crossroads Hope Academy Incorporated is located in Punta Gorda, FL. The organization was established in 2017. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Crossroads Hope Academy Incorporated employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crossroads Hope Academy Incorporated 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 06/2022, Crossroads Hope Academy Incorporated generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 34.0% 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
THE ORGANIZATION HAS BEEN ESTABLISHED TO PROVIDE RESIDENTIAL GROUP CARE SERVICES TO MALE ADOLESCENTS AGES 12-17 YEARS OLD IN THE 6TH THROUGH 12TH GRADES. THE ORGANIZATION PROVIDES TWENTY-FOUR HOUR A DAY CARE, SUPERVISION, EDUCATION, AS WELL AS ROOM AND BOARD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL GROUP HOME SERVICES TO MALE ADOLESCENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Davidson Med Exec Director | Officer | 40 | $0 |
Duncan Scarry President | Trustee | 0.5 | $0 |
Bill James Treasurer | Trustee | 0.5 | $0 |
Keith Callaghan Secretary | Trustee | 0.5 | $0 |
Courtney Van Nostrand Director | Trustee | 0.5 | $0 |
Lt John Heck Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $398,797 |
| 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 | $56,319 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,043,196 |
| Statement of Expenses | |
|---|---|
| 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. | $78,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,048,484 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $126,834 |
| Payroll taxes | $84,986 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,735 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $53,796 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $146,883 |
| Travel | $28,877 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,605 |
| Insurance | $58,643 |
| All other expenses | $0 |
| Total functional expenses | $1,886,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $605,478 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $189,534 |
| 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 | $69,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,254 |
| Total assets | $1,816,534 |
| Accounts payable and accrued expenses | $243,041 |
| Grants payable | $600,000 |
| 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 | $18,161 |
| Unsecured mortgages and notes payable | $12,583 |
| Other liabilities | $0 |
| Total liabilities | $873,785 |
| Net assets without donor restrictions | $841,117 |
| Net assets with donor restrictions | $101,632 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $942,749 |