Civic Intelligence

Crossroads Fund Inc

990 • Fiscal year 2021 • EIN 36-3092907

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 02, 2022

3411 West Diversey 20Chicago, IL 60647

(773) 227-7676

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

35th percentile

0.07x

Higher debt load relative to assets than 35% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

34th percentile

0.11x

Higher debt load relative to revenue than 34% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

77th percentile

33%

Higher net margin than 77% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

33rd percentile

$128,000

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

Up

$10,335,139

Up $5,486,760 (+113%) from 2017

Net Assets

Up

$9,583,273

Up $4,734,894 (+98%) from 2017

Liabilities

Up

$751,866

Up $751,866 from 2017

Revenue

Up

$6,539,618

Up $4,472,930 (+216%) from 2017

Expenses

Up

$4,393,504

Up $3,003,759 (+216%) from 2017

Net Income

Up

$2,146,114

Up $1,469,171 (+217%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2016: $3,961,480Liabilities 2016: $541Net Assets 2016: $3,960,9392016Assets 2017: $4,848,379Liabilities 2017: $0Net Assets 2017: $4,848,3792017Assets 2021: $10,335,139Liabilities 2021: $751,866Net Assets 2021: $9,583,2732021Assets 2022: $13,233,891Liabilities 2022: $1,641,620Net Assets 2022: $11,592,2712022Assets 2023: $13,427,199Liabilities 2023: $1,845,471Net Assets 2023: $11,581,7282023Assets 2024: $18,732,154Liabilities 2024: $1,439,243Net Assets 2024: $17,292,9112024

Highlighted filing

2021

Assets$10,335,139
Liabilities$751,866
Net Assets$9,583,273

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2016: $1,458,500Expenses 2016: $1,149,496Net Income 2016: $309,0042016Revenue 2017: $2,066,688Expenses 2017: $1,389,745Net Income 2017: $676,9432017Revenue 2021: $6,539,618Expenses 2021: $4,393,504Net Income 2021: $2,146,1142021Revenue 2022: $8,800,082Expenses 2022: $5,869,641Net Income 2022: $2,930,4412022Revenue 2023: $6,965,722Expenses 2023: $7,348,998Net Income 2023: -$383,2762023Revenue 2024: $11,776,204Expenses 2024: $6,886,864Net Income 2024: $4,889,3402024

Highlighted filing

2021

Revenue$6,539,618
Expenses$4,393,504
Net Income$2,146,114
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 2, 2022
Return Version
2020v4.0
Gross Receipts
$6,663,316
Mission and Program Overview

Mission

The mission of Crossroads Fund, Inc. is to support community organizations working on issues of racial, social, and economic justice in the Chicago area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,334,114$5,457,963▲ $1,123,849
Cash and Non-Interest-Bearing Accounts$1,587,178$3,739,313▲ $2,152,135
Savings and Temporary Cash Investments$801,569$1,054,050▲ $252,481
Pledges and Grants Receivable$83,853$60,500▼ $23,353
Prepaid Expenses and Deferred Charges$14,667$17,507▲ $2,840
Land, Buildings, and Equipment, Net$2,466$5,806▲ $3,340
Accounts Receivable$5,000$0▼ $5,000
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$6,828,847$10,335,139▲ $3,506,292
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$357,402$751,866▲ $394,464
Unsecured Notes Loans Payable$101,500--
Total Liabilities$458,902$751,866▲ $292,964
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,616,510$6,989,803▲ $2,373,293
Net Assets Without Donor Restrictions$1,753,435$2,593,470▲ $840,035
Total Net Assets Fund Balance$6,369,945$9,583,273▲ $3,213,328
Total Liabilities and Net Assets / Fund Balance$6,828,847$10,335,139▲ $3,506,292

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,806$78,005$83,811

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$3,702,367$45,612▲ $1,011,495-$4,663,316
2019$3,691,501$81,632▲ $87,548-$3,702,366
2018$3,493,108$186,958▲ $165,536-$3,691,501
2017$3,298,980$105,694▲ $222,639-$3,493,108
2016$2,921,543$180,494▲ $329,135-$3,298,980
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jane KimondoExecutive DirectorFT$128,000$128,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$5,743,429
Program Service Revenue
$0
Investment Income
$125,956
Other Revenue
$670,233
All Other Contributions
$5,727,772
Change in Net Assets
$2,146,114

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded8$226,621-
Works of Art22$4,675Fair Market Value (FMV)
Other Non Cash Contri Table35$3,824Fair Market Value (FMV)
Clothing and Household Goods-$3,581Fair Market Value (FMV)
Other Non Cash Contri Table7$1,661Fair Market Value (FMV)
Books and Publications-$1,160Fair Market Value (FMV)
Other Non Cash Contri Table2$756Fair Market Value (FMV)
Total Noncash Contributions74$242,278-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,539,618
Revenue Not Reported on Form 990
$1,067,214
Total Revenue per Audited Statements
$7,606,832
Total Revenue per Form 990
$6,539,618
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,393,744
Salaries, Compensation, and Employee Benefits$617,916
Other Expenses$381,844
Total Fundraising Expense$347,698
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,393,744--$3,393,744
Other Salaries and Wages$31,104$164,968$199,016$395,088
Current Officers, Directors, Trustees, and Key Employees$70,400$19,200$38,400$128,000
All Other Expenses$8,052$14,609$18,835$41,496
Payroll Taxes$7,906$14,345$18,492$40,743
Other Employee Benefits$7,497$13,603$17,536$38,636
Occupancy$6,159$11,175$14,407$31,741
Other Expenses$3,287$5,964$7,689$16,940
Pension Plan Contributions$2,998$5,439$7,012$15,449
Insurance$776$1,408$1,815$3,999
Advertising$927$353$455$1,735
Depreciation Depletion$190$345$445$980
Total Functional Expenses$3,771,297$274,509$347,698$4,393,504

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,393,504
Total Expenses per Audited Statements$4,393,504
Total Expenses per Form 990$4,393,504
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Raise Hands for IL Public EdChicago, IL501(c)(3)General operations$85,000
Alliance of the SoutheastChicago, IL501(c)(3)General operations$70,000
Chicago Torture Justice CenChicago, IL501(c)(3)General operations$70,000
Southsiders Organized SOULChicago, IL501(c)(3)General operations$70,000
Southside TogetherChicago, IL501(c)(3)General operations$67,000
Healing to ActionChicago, IL501(c)(3)General operations$66,000
Pilsen AllianceChicago, IL501(c)(3)Prision + Neighborhood Arts Project$64,000
Organized Com Against DeportChicago, IL501(c)(3)General operations$63,000
People for Com RecoveryChicago, IL501(c)(3)General operations$61,000
United Working FamiliesChicago, IL501(c)(3)General operations$60,000
Black Lives Matter ChicagoChicago, IL501(c)(3)General operations$58,000
Black Youth Project 100Chicago, IL501(c)(3)General operations$57,000
Lighthouse FoundationChicago, IL501(c)(3)General operations$55,000
People MatterChicago, IL501(c)(3)General operations$55,000
Action Now InstituteChicago, IL501(c)(3)General operations$50,000
Assastas DaughtersChicago, IL501(c)(3)General operations$50,000
Black Leaders Buildg TogetherChicago, IL501(c)(3)General operations$50,000
Chicago Freedom SchoolChicago, IL501(c)(3)General operations$50,000
Chicago Torture Justice MemOak Park, IL501(c)(3)General operations$50,000
Equity & TransformationChicago, IL501(c)(3)General operations$50,000
Workers Cntr Racial JusticeChicago, IL501(c)(3)General operations$50,000
SoapBox Prod & OrganizingChicago, IL501(c)(3)General operations$48,490
Lugenia Burns Hope CenterChicago, IL501(c)(3)General operations$43,000
Working Family SolidarityChicago, IL501(c)(3)General operations$43,000
Blue Tin ProductionChicago, IL501(c)(3)General operations$42,682
Brave Space AllianceChicago, IL501(c)(3)General operations$41,000
Chicago Desi Youth RisingChicago, IL501(c)(3)General operations$41,000
Chgo Alliance Against RacistChicago, IL501(c)(3)General operations$40,000
Lawyers Com Better HousingChicago, IL501(c)(3)General operations$40,000
Metropolitan Tenants OrgChicago, IL501(c)(3)General operations$40,000
Neighborhood Network AllianceChicago, IL501(c)(3)General operations$40,000
Affinity Community ServicesChicago, IL501(c)(3)General operations$38,000
AaanChicago, IL501(c)(3)General operations$35,000
Precious Blood Min ReconcChicago, IL501(c)(3)General operations$35,000
Live Free ChicagoChicago, IL501(c)(3)General operations$33,000
WAPB IncChicago, IL501(c)(3)General operations$32,000
Transformative Justice Law PrChicago, IL501(c)(3)General operations$31,704
Black Girls Break BreadChicago, IL501(c)(3)General operations$30,000
Chicago United for EquityChicago, IL501(c)(3)General operations$30,000
Free Write Arts & LiteracyChicago, IL501(c)(3)General operations$30,000
Garfield Park Comm CouncilChicago, IL501(c)(3)General operations$30,000
Monroe FoundationHillside, IL501(c)(3)General operations$30,000
Peoples LobbyChicago, IL501(c)(3)General operations$30,000
TGi MovementChicago, IL501(c)(3)General operations$29,000
DissentersChicago, IL501(c)(3)General operations$28,000
Black Researchers CollectiveChicago, IL501(c)(3)General operations$25,000
Blackroots AllianceChicago, IL501(c)(3)General operations$25,000
Bronzeville Black HistoricalChicago, IL501(c)(3)General operations$25,000
ChristianaireChicago, IL501(c)(3)General operations$25,000
El Griot & Areito ProjectChicago, IL501(c)(3)General operations$25,000
First Defense Legal AidChicago, IL501(c)(3)General operations$25,000
Get To WorkChicago, IL501(c((3)General operations$25,000
Goldin InstituteChicago, IL501(c)(3)General operations$25,000
IL Caucus Adolescent HealthChicago, IL501(c)(3)General operations$25,000
Mothers Opposed to ViolenceChicago, IL501(c)(3)General operations$25,000
Nehemiah Group DBA Chi EcoChicago, IL501(c)(3)General operations$25,000
Southside Help CenterChicago, IL501(c)(3)General operations$25,000
Ujimaa MedicsChicago, IL501(c)(3)General operations$25,000
YeppChicago, IL501(c)(3)-$23,000
Grassroots CollaborativeChicago, IL501(c)(3)General operations$22,500
Chicago Community Bond FundChicago, IL501(c)(3)General operations$20,000
Lucy Parsons LabsChicago, IL501(c)(3)General operations$20,000
United African OrganizationChicago, IL501(c)(3)General operations$20,000
Moms United Against IncarChicago, IL501(c)(3)General operations$18,000
Circles and CyphersBerwyn, IL501(c)(3)General operations$17,000
Women for Economic JusticeChicago, IL501(c)(3)General operations$16,000
Fight Now ChicagoChicago, IL501(c)(3)General operations$15,000
GplxcChicago, IL501(c)(3)General operations$15,000
Chicago ReaderChicago, IL501(c)(3)General operations$14,445
The Warehouse Proj & GallerySummit, IL501(c)(3)General operations$14,000
Chicago 400 AllianceChicago, IL501(c)(3)General operations$13,000
Citizen Advocacy CenterElmhurst, IL501(c)(3)General operations$13,000
Sister SurvivorChicago, IL501(c)(3)General operations$13,000
Tenant Education NewtworkChicago, IL501(c)(3)General operations$13,000
Chicago Community FoundationChicago, IL501(c)(3)General operations$12,500
Chicago Comm & Wrkrs RightsChicago, IL501(c)(3)General operations$12,000
Illinois Workers In ActionNaperville, IL501(c)(3)General operations$12,000
Youth OutlookNaperville, IL--$12,000
Chicago Law & Education FoundChicago, IL501(c)(3)General operations$11,000
Illinois Dream FundChicago, IL501(c)(3)General operations$11,000
InterAction Initiative IncChicago, IL501(c)(3)General operations$11,000
Solidarity StudiosChicago, IL501(c)(3)General operations$11,000
Yogi CareChicago, IL--$11,000
Borderless Magazine NFPChicago, IL501(c)(3)General operations$10,500
360 NationChicago, IL501(c)(3)General operations$10,000
A Long Walk HomeChicago, IL501(c)(3)General operations$10,000
AfireChicago, IL501(c)(3)General operations$10,000
Chicago Coalition to SOMHCChicago, IL501(c)(3)General operations$10,000
Coalition Better Chinese AmerChicago, IL501(c)(3)General operations$10,000
End IL Prison Lockdown CoalitChicago, IL501(c)(3)General operations$10,000
Fathers Families and HealthChicago, IL501(c)(3)General operations$10,000
Getting Grown CollectiveChicago, IL501(c)(3)General operations$10,000
Planned Parenthood of IN & KYIndianapolis, IN501(c)(3)General operations$10,000
SW Sub Immigration ProjectBolingbrook, IL501(c)(3)General operations$10,000
The Co-op Ed CenterChicago, IL501(c)(3)General operations$10,000
The Co-op Ed CenterChicago, IL501(c)(3)General operations$10,000
altChicagoChicago, IL501(c)(3)General operations$10,000
Honey Pot PerformanceChicago, IL501(c)(3)General operations$9,100
Chicago Housing InitiativeChicago, IL501(c)(3)General operations$9,000
Stick TalkChicago, IL501(c)(3)General operations$9,000
The Center Intnl PerformanceChicago, IL501(c)(3)General operations$9,000
Rebellious Magazine for WomenChicago, IL501(c)(3)General operations$8,558
Albany Park Defense NetworkChicago, IL501(c)(3)General operations$8,000
Chicago Palestine Film FestChicago, IL501(c)(3)General operations$8,000
Chicago Student ActionChicago, IL501(c)(3)General operations$8,000
Evanston Present and FutureEvanston, IL501(c)(3)General operations$8,000
Immigrant Solidarity DuPageWheaton, IL501(c)(3)General operations$8,000
Lift the Ban CoalitionChicago, IL501(c)(3)General operations$8,000
Mezcla Media CollectiveChicago, IL501(c)(3)General operations$8,000
Parents 4 TeachersChicago, IL501(c)(3)General operations$8,000
Parole IllinoisChicago, IL501(c)(3)General operations$8,000
Perceptions TheatreChicago, IL501(c)(3)General operations$8,000
Prision Neighborhood ArtsChicago, IL501(c)(3)General operations$8,000
SWOP-ChicagoSt Petersburg, FL501(c)(3)General operations$8,000
St Kateri Center of ChicagoChicago, IL501(c)(3)General operations$8,000
United Taxidrivers Comm CouncChicago, IL501(c)(3)General operations$8,000
Center RacialGender EquityChicago, IL501(c)(4)General operations$7,500
Grassroots Illinois ActionChicago, IL501(c)(4)General operations$7,500
Alliance for Comm ServicesChicago, IL501(c)(3)General operations$7,000
Chicago Park DistrictChicago, IL501(c)(3)General operations$7,000
CommPeace Palestine & IsraelOak Park, IL501(c)(3)General operations$7,000
Coops Not CagesChicago, IL501(c)(3)General operations$7,000
Hana CenterChicago, IL501(c)(3)General operations$7,000
IL Muslim Civic CoalitionOak Brook, IL501(c)(3)General operations$7,000
Illinois Prison ProjectChicago, IL501(c)(3)General operations$7,000
Northwest Side CDCChicago, IL501(c)(3)General operations$7,000
Race Concious DialoguesOak Park, IL501(c)(3)General operations$7,000
Solidaridad InquilinaChicago, IL501(c)(3)General operations$7,000
UIC DissentersChicago, IL501(c)(3)General operations$7,000
About Face TheatreChicago, IL501(c)(3)General operations$6,000
Chicago IWOCChicago, IL501(c)(3)General operations$6,000
The Every Voice CoalitionBrighton, MA501(c)(3)General operations$6,000
Unitarian Univ Prison MinistGlen Ellyn, IL501(c)(3)General operations$6,000
Christian Peacemaker TeamsChicago, IL501(c)(3)General operations$5,829
Cicero IndependienteCicero, IL501(c)(3)General operations$5,496
Korea Times ChicagoGlenview, IL501(c)(3)General operations$5,448
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$181,351
Fundraising Direct Expenses$39,133
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Seeds of Change$197,008$181,351$39,133$142,218
Total Events$197,008$181,351$39,133$142,218
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$30,000
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is reviewed by the finance committee and the Board of Directors before it is submitted to the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The conflict of interest policy applies to Crossroads' board members, staff, committee members and managers. All such individuals are required to acknowledge, not less than annually, that he or she has read and is in compliance with this policy.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Executive Director's salary is set by the Board of Directors.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

A complete copy of form 990 and the audit report is posted on the web-site of the Illinois Attorney General, which open to the general public.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Disclosure of policies and the annual audit report is made available to the general public on the Organization's web-site.

Filing and Contact Details

Filer

Filer Name
Crossroads Fund Inc
EIN
36-3092907
Phone
7732277676
Address
3411 West Diversey 20, Chicago, IL 60647

Signing Officer

Name
Agnes Meneses
Title
Co-Chair
Signed
2022-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Agnes Meneses
Formed
1980
Legal Domicile
Il
Voting Board Members
18
Independent Board Members
18
Employees
8

Preparer

Firm
James M Babic PC
Address
6414 Sinclair Ave, Berwyn, IL 60402
Preparer
James M Babic CPA
Phone
7087497030
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

The audit report and form 990 is reviewed by the finance committee and the Board. After the review the Board votes to approve form 990. Upon the Board's approval form 990 is submitted.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Income from endowments is restricted to support Crossroads' general grant-making and program activities.

Part X : FIN48 Footnote

Crossroads is exempt from federal taxes under Section 501(c)3 of the Internal Revenue Code. It qualifies for charitable contributions under Section 170(b)(1)(A)(vi), and has been classified as an organization that is not a private foundation under Section 509(a)(1). Crossroads' management has determined that FASB ASC 740-10, which addresses accounting for uncertainty in income taxes, has no effect on its financial statements due to Crossroads' tax-exempt status.

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IRS990/Desc0Grant Making - During the fiscal year dozens of grants were issued to organizations working for social change, health care access, youth organizing, workers' rights, criminal justice, and many other issues concerning social and economic justice.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Technical assistance and leadership development provided to grantees.Educational programs designed to connect donors to grassroots organizations and to deepen the understanding of social justice issues.

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