Cross Works Foundation
- Assets
- $65.0m
- Revenue
- $2.8m
- Investments
- $61.2m
- Employees
- 0
- Location
- St Joseph, MN
- Founding
- Data as of
- 12/2022
- EIN
- 87-3113879
Organization Overview
Cross Works Foundation is located in St Joseph, MN. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cross Works Foundation 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 12/2022, Cross Works Foundation generated $2.8m in total revenue. All expenses for the organization totaled $3.5m during the year ending 12/2022.
Since 2021, Cross Works Foundation has awarded 55 individual grants totaling $4,695,037. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Blattner Trustee | 0.5 | $0 | |
Dee Dee Blatner Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,817,215 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $4,771,359 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,817,215 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $107,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66 |
| Total operating and administrative expenses | $301,417 |
| Contributions, gifts, grants paid | $3,206,287 |
| Total expenses and disbursements | $3,507,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,060 |
| Savings and temporary cash investments | $3,705,169 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $26,704,468 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $64,960,804 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Cross Works Foundation has awarded $3,206,287 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
AVON AREA LAKES ASSPOCIATION PURPOSE: GENERAL FUND | $127,000 |
AVON FIREMENS RELIEF ASSOCIATION PURPOSE: GENERAL FUND | $500 |
BATAHOLA FRIENDS OF PURPOSE: GENERAL FUND | $1,000 |
BIG BROTHERS-BIG SISTERS OF CENTRAL MINNESOTA INC PURPOSE: GENERAL FUND | $5,000 |
BOY SCOUTS OF AMERICA - AVON CUB SCOUTS PACK 31 PURPOSE: GENERAL FUND | $7,782 |
BOY SCOUTS OF AMERICA - CENTRAL MINNESOTA COUNCIL PURPOSE: GENERAL FUND | $387,500 |