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Powercross

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 141989435 ✦ Statesville, NC ✦ Designated as a 501(c)(3)

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Overview

What is Powercross?

Powercross is a nonprofit organization situated in Statesville, North Carolina, specifically at 1133 W Front St. Their primary mission is to extend the life-changing message of Christianity into their community. They accomplish this through various means, including athletic outreach, Christian discipleship, college readiness, life skill training, and a free meal program. In 2020-2021, they served approximately 81,000 free meals to young men predominantly residing in food-insecure homes. The organization is committed to having a far-reaching and significant impact in their community, with a workforce of 22 dedicated individuals.


Official website here: www.powercross.org

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 87%, Three-Star out of Four Star rating

Powercross demonstrates a strong performance in accountability and finance, achieving an 87% overall score. The organization boasts a fully independent board, with top scores in various governance aspects, including conflict of interest and whistleblower policies. Their financial management is solid, as evidenced by their high scores in program expense and liabilities to assets ratios, indicating effective stewardship of resources.

Despite these strengths, the fundraising efficiency ratio raises concerns, scoring significantly lower compared to other metrics. This suggests that while Powercross is effective in managing its expenses and operations, there may be opportunities for improvement in generating funds relative to the resources spent on fundraising efforts.

Overall, Powercross is rated positively for its governance and financial practices, but the noted limitations in fundraising efficiency suggest a need for strategies that could enhance their revenue generation capabilities.


This AI summary has been generated from information found on Charity Navigator.

Is Powercross legitimate?

Powercross is a legitimate nonprofit organization registered as a 501(c)(3) entity. Powercross submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $185,938
Professional Fundraising Fees: $0
Other Salaries and Wages: $526,684

For more financial information, click here


Official website here: www.powercross.org

What is the mission statement of Powercross?

Powercross's mission is centered around spreading the life-changing message of Christianity within their community. They achieve this through various means, including athletic outreach, Christian discipleship, college readiness, life skill training, and a free meal program. By utilizing a diverse range of resources, Powercross aims to reach a wide audience and make a significant impact on their community. In 2020-2021, they served approximately 81,000 free meals to young men residing in food-insecure homes.


Official website here: www.powercross.org

Who is the CEO of Powercross?

Jeffery Storment is the Principal Officer of Powercross.


Official website here: www.powercross.org

What is the revenue of Powercross?

Powercross's revenue in 2022 was $2,992,363.


Official website here: www.powercross.org

Who are the executives of Powercross and what are their salaries?

The average compensation at Powercross during 2022 was $32,392. There are 22 employees and 20 volunteers at Powercross.


Here are 5 key members and their salaries:


Jeff Storment (Co-Founder)
  • Compensation: $54,418
  • Related: $0
  • Other: $0
Natalie Storment (Co-Founder)
  • Compensation: $54,418
  • Related: $0
  • Other: $0
Matt Murdock (Daily Operations Director)
  • Compensation: $41,434
  • Related: $0
  • Other: $0
Khalil Miller (Assistant Director)
  • Compensation: $35,668
  • Related: $0
  • Other: $0
Anthony (Shegog)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.powercross.org

Where can I find the form 990 for Powercross?

Powercross's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.powercross.org

Learn more at the official website: www.powercross.org

Mission Statement of Powercross

Power Cross, a nonprofit organization, is committed to spreading the transformative message of Christianity into the community. They achieve this goal through a multi-faceted approach, leveraging athletic outreach, Christian discipleship, college readiness, and life skill training. The organization's primary mission is to make a far-reaching and significant impact within the community using various resources at their disposal.

In addition to spreading the word of Christ, Power Cross offers a free meal program to address a pressing need in the community. This program serves approximately 81,000 free meals annually to young men who predominantly reside in food-insecure households. By providing daily meals, Power Cross addresses not only the physical hunger but also the spiritual and emotional needs of these individuals, fostering a sense of community and support.

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Impact




October, 2024

Powercross significantly impacts the community of Statesville, NC, by addressing critical needs through a multifaceted approach. By providing daily free hot meals to young men from food-insecure homes, Powercross tackles hunger, ensuring that youth have access to nutritious food, which is crucial for their overall health and development. During the 2020-2021 period alone, the organization served approximately 81,000 meals, exemplifying its commitment to alleviating food insecurity in the area.

In addition to combating hunger, Powercross fosters personal and academic growth through athletic outreach, Christian Discipleship, college readiness programs, and life skill training. This holistic approach not only nurtures the physical well-being of the participants but also equips them with essential skills and knowledge for their future endeavors. By spreading the life-changing message of Christ, Powercross aims to inspire and empower the young men in the community, driving positive change and fostering a sense of belonging and purpose. Overall, Powercross plays a crucial role in transforming lives and strengthening the community through its diverse initiatives.




This information is meant to be a general summary of Powercross. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,992,363 (2022)
Expenses
$2,251,460 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9,161
  • Gross Receipts: $2,992,363

Assets and Liabilities:

  • Total Assets: $3,070,299
  • Total Liabilities: $89,349
  • Net Assets: $2,980,950

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Organization Details

Founding Year

2010

Principal Officer

Jeffery Storment

Main Address

1133 W Front St, Statesville, NC, 28677

NTEE Category

Code: X20 - Religion related

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