Overview
What is Crossroads Foundation?
Crossroads Foundation is a nonprofit organization based in Rochester, Minnesota, with an address at 1765 Restoration Road SW. The organization's primary mission is to support Christ-centered education. They achieve this by soliciting, receiving, and managing contributions to provide financial assistance. This aid is primarily directed towards two groups: students aiming to attend a Christian university and churches seeking to train their existing leaders. Additionally, a substantial portion of the foundation's programs involves managing an investment account for the benefit of Crossroads Church Partners' programs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. This rating indicates that while Crossroads Foundation demonstrates some effective practices in governance and financial management, there are areas where it falls short compared to higher-rated organizations.
The foundation has a strong accountability score, reflecting excellent governance features such as a fully independent board and no material diversion of assets. Additionally, it maintains a healthy liabilities-to-assets ratio and a high program expense ratio, suggesting that a significant portion of its resources is directed toward its mission-driven activities.
However, the overall Two-Star rating indicates that there may be issues related to overall effectiveness or impact that have not been fully addressed. Prospective donors might want to consider these limitations while evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Crossroads Foundation legitimate?
Crossroads Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crossroads Foundation 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:
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What is the mission statement of Crossroads Foundation?
The Crossroads Foundation's mission is centered around supporting christ-centered education. It achieves this goal by soliciting, receiving, and managing contributions to provide financial assistance to qualified applicants. The foundation offers scholarships to two categories of recipients: students intending to attend a Christian university and churches looking to train their existing leaders. Additionally, a substantial portion of the foundation's programs involves overseeing and managing an investment account for the benefit of Crossroads Church partners' programs.
Who is the CEO of Crossroads Foundation?
Kevin Blanchard is the Chair of Crossroads Foundation.
What is the revenue of Crossroads Foundation?
Crossroads Foundation's revenue in 2023 was $41,089.
Who are the executives of Crossroads Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Crossroads Foundation?
Crossroads Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Crossroads Foundation
Crossroads Foundation is committed to supporting Christ-centered education. Their primary mission is to solicit, receive, and manage contributions, with the intention of providing financial assistance to qualified and selected applicants. This assistance takes two forms: scholarships for students aiming to attend a Christian university, and funding for churches seeking to train their existing leaders. Furthermore, a substantial portion of Crossroads Foundation's programs involves overseeing and managing an investment account, which benefits the Crossroads Church Partners Programs. This foundation is dedicated to fostering education and leadership development within the Christian community.
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Impact
October, 2024
Crossroads Foundation significantly enhances access to Christ-centered education through financial assistance and scholarship programs. By managing contributions effectively, the foundation provides vital support to students aspiring to attend Christian universities and churches aiming to train their leaders. This initiative not only empowers individuals with the opportunity for spiritual and academic growth but also strengthens communities by developing informed and committed church leaders. Additionally, Crossroads Foundation oversees an investment account that further amplifies the impact of its programs, ensuring sustained support for its mission. Through these efforts, the foundation fosters a culture of education rooted in Christian values, creating lasting benefits for beneficiaries and their communities.
This information is meant to be a general summary of Crossroads Foundation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $41,089
- Gross Receipts: $617,730
Assets and Liabilities:
- Total Assets: $1,999,567
- Total Liabilities: $9,260
- Net Assets: $1,990,307
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Organization Details
Founding Year
1980
Phone
(507) 288-4563Principal Officer
Kevin Blanchard
Main Address
1765 RESTORATION RD SW, ROCHESTER, MN, 55902
NTEE Category
Code: B42I - Education
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