Crossfire Ministries Inc
- Assets
- $7.5m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Colorado Springs, CO
- Founding
- 11/1995
- Data as of
- 12/2023
- EIN
- 84-1295381
Organization Overview
Crossfire Ministries Inc is located in Colorado Springs, CO. The organization was established in 1995. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Crossfire Ministries Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crossfire Ministries 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 12/2023, Crossfire Ministries Inc generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $7.2m during the year ending 12/2023. While expenses have increased by 14.2% 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
COMPASSION MINISTRY DEDICATED TO HELPING THE WORKING POOR, UNDEREMPLOYED, SENIORS TAKING CARE OF GRANDCHILDREN, SINGLE PARENTS, MILITARY FAMILIES AND THE HOMELESS IN THE PIKES PEAK REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSIONS: IN 2023, CROSSFIRE SERVED 19,891 UNIQUE INDIVIDUALS WHO STRUGGLE WITH FOOD INSECURITIES. WE DISTRIBUTED APPROXIMATELY 3,400,000 POUNDS OF FOOD TO FAMILIES IN OUR COMMUNITY THAT STRUGGLE WITH MAKING GUT WRENCHING CHOICES BETWEEN FOOD AND RENT, UTILITIES, AND PRESCRIPTIONS. 1,700 FAMILIES (AVERAGE FAMILY SIZE IS 3) RECEIVED A THANKSGIVING FOOD BOX WITH EVERYTHING THEY WOULD NEED TO COOK A TRADITIONAL THANKSGIVING MEAL, INCLUDING A TURKEY OR HAM FOR THE FAMILY. WE HELPED 920 HOUESHOLDS WITH THEIR PAST DUE UTILITY BILLS TO ENSURE THAT THEY WOULD HAVE ELECTRICITY.
ADDITIONAL SERVICES AND ASSISTANCE: WE WERE ABLE TO PROVIDE 331,317 PERSONAL HYGIENE ITEMS SUCH AS SHAMPOO, DEODORANT, TOILET PAPER, SOAP, TOOTHPASTE, AND TOOTHBRUSHES; 12,000 BACKPACKS FILLED WITH SCHOOL SUPPLIES WERE DISTRIBUTED TO CHILDREN HEADED BACK TO SCHOOL. THIS WAS A COLLABORATIVE EFFORT WITH COSILOVEYOU, DISCOVERY CHURCH, MERCY'S GATE, COMMUNITY DONORS, OTHER LOCAL CHURCHES, BUSINESSES, AND ORGANIZATIONS. 120 FAMILIES WE SPONSORED FOR CHRISTMAS WHERE WE GIFTED EVERYONE IN THE HOUSEHOLD WITH GIFTS, INCLUDING PARENTS AND GUARDIANS, CHILDREN AND EVEN GAVE HOUSEHOLD APPLIANCES TO FAMILIES AS NEEDED. 2,625 BLANKETS WERE DISTRIBUTED AND 2,139 BIBLES AND NEW TESTAMENTS WERE GIVEN AWAY INCLUDING TO THE COUNTY JAIL. ALL OF THE OPERATIONS ARE CARRIED OUT BY VOLUNTEERS WITH THE EXCEPTION OF ONE FULL-TIME (EXECUTIVE DIRECTOR) AND 4 PART-TIME PAID STAFF. WE LOGGED APPROXIMATELY 83,425 VOLUNTEER HOURS. THESE HOURS ARE VALUED AT $2,866,483 (COLORADO ASSIGNS THE VALUE OF $34.36 PER VOLUNTEER HOUR).
CLOTHING AND HOUSEHOLD GOODS DISTRIBUTION: $411,062 THRIFT STORE CREDIT WAS USED BY OUR GUESTS FOR CLOTHING AND HOUSEHOLD NECESSITIES. ALL OF THE ITEMS WERE PROVIDED FROM OUR GENEROUS COMMUNITY THROUGH DONATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 25 | $0 |
Name Not Listed Vice President | OfficerTrustee | 10 | $0 |
Name Not Listed Treasurer/asst Op Mgr | OfficerTrustee | 55 | $0 |
Name Not Listed Secretary | OfficerTrustee | 5 | $0 |
Name Not Listed Board Member | Trustee | 3 | $0 |
Name Not Listed Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $76,500 |
| Membership dues | $0 |
| Fundraising events | $20,806 |
| Related organizations | $0 |
| Government grants | $84,093 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,702,990 |
| Noncash contributions included in lines 1a–1f | $6,621,184 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,884,389 |
| Total Program Service Revenue | $0 |
| Investment income | $47,394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,102 |
| Net Income from Fundraising Events | -$2,786 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,125 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,917,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,383,477 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,472 |
| Compensation of current officers, directors, key employees. | $55,190 |
| Compensation to disqualified persons | $39,780 |
| Other salaries and wages | $98,063 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,530 |
| Payroll taxes | $16,252 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,316 |
| Fees for services: Accounting | $47,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,748 |
| Fees for services: Other | $192 |
| Advertising and promotion | $30,988 |
| Office expenses | $25,135 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,581 |
| Travel | $9,211 |
| 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 | $218,430 |
| Insurance | $11,334 |
| All other expenses | $27,611 |
| Total functional expenses | $7,205,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,466 |
| Savings and temporary cash investments | $450,969 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $145,139 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $728,900 |
| Prepaid expenses and deferred charges | $6,269 |
| Net Land, buildings, and equipment | $4,846,113 |
| Investments—publicly traded securities | $1,321,944 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,500,800 |
| Accounts payable and accrued expenses | $22,187 |
| 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 | $22,187 |
| Net assets without donor restrictions | $7,416,995 |
| Net assets with donor restrictions | $61,618 |
| 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 | $7,500,800 |