Overview
What is Cherokee Crossroads Inc?
Cherokee Crossroads Inc, a nonprofit organization situated in Dallas, Texas, is primarily known for hosting a music festival. The primary objective of this event is to gather funds, which are then allocated as grants to various 501(c)3 organizations. By doing so, Cherokee Crossroads not only raises funds for deserving charities but also contributes directly to their causes. The organization's commitment to community betterment is further demonstrated by its practice of directly donating funds to these 501(c)3 organizations, thereby supporting their initiatives and missions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 27%, Zero-Star out of Four Star rating.
Cherokee Crossroads Inc has received a low rating due to significant concerns regarding its accountability and financial management. With an overall score of only 27%, the organization struggles particularly in financial statements, where it earned no points. This raises red flags about the transparency and reliability of its financial practices.
Despite some strengths, such as having a fully independent board, the nonprofit has been criticized for its lack of essential policies, including conflict of interest and whistleblower protections, which are critical for good governance. The organization also failed to provide its financial documents on its website, which further detracts from its transparency efforts.
While Cherokee Crossroads Inc shows a commitment to having an independent board, the overall financial health and governance practices need substantial improvement. Potential donors and supporters should consider these factors carefully when evaluating the organization’s effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Cherokee Crossroads Inc legitimate?
Cherokee Crossroads Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cherokee Crossroads Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Cherokee Crossroads Inc?
Cherokee Crossroads Inc's mission revolves around organizing a music festival with the primary goal of raising funds. These funds are then allocated as grants to eligible 501(c)3 organizations. By doing so, the organization aims to contribute to various causes supported by these charitable organizations. The music festival serves as a platform to raise funds, while simultaneously contributing to the cause by directly donating funds to the beneficiary organizations.
Who is the CEO of Cherokee Crossroads Inc?
Scott Beasley Jr is the President of Cherokee Crossroads Inc.
What is the revenue of Cherokee Crossroads Inc?
Cherokee Crossroads Inc's revenue in 2022 was $1,294,785.
Who are the executives of Cherokee Crossroads Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cherokee Crossroads Inc?
Cherokee Crossroads Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cherokee Crossroads Inc
Cherokee Crossroads, a nonprofit organization, is dedicated to hosting a music festival with the primary objective of raising funds. These funds are then distributed as grants to various 501(c)3 organizations. By organizing this event, Cherokee Crossroads not only contributes financially to these charitable organizations but also bolsters their cause through the exposure and visibility gained from the festival. The mission of Cherokee Crossroads is thus multifaceted, combining entertainment and philanthropy to make a meaningful impact in the community.
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Impact
July, 2024
Cherokee Crossroads Inc has a significant impact in supporting 501(c)3 organizations through its music festival fundraising efforts. Their grants provide crucial financial support to various nonprofits, enabling them to carry out their vital work and make a positive difference in the community. By organizing and hosting these events, Cherokee Crossroads Inc not only raises awareness about important causes but also mobilizes resources to address critical needs. Their commitment to philanthropy sets a valuable example and inspires others to contribute to the betterment of society.
This information is meant to be a general summary of Cherokee Crossroads Inc. 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 2022.
- Gross Receipts: $1,297,317
Assets and Liabilities:
- Total Assets: $939,366
- Total Liabilities: $37,383
- Net Assets: $901,983
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Organization Details
Founding Year
2007
Principal Officer
Scott Beasley Jr
Main Address
3738 Oak Lawn, Dallas, TX, 75219
NTEE Category
Code: T20 - Philanthropy
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