Civic Intelligence

Children at the Crossroads Foundation

EIN 36-3654481 • 501(c)3 • Chicago, IL

Profile

The foundation seeks to enrich our community by significantly improving the academic achievement, self-esteem and life opportunities of school children by offering need-based scholarship support to students attending the frances xavier warde school.

751 N State StreetChicago, IL 60654

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

53rd percentile

0.08x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.35x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

4th percentile

-77%

Higher net margin than 4% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

11th percentile

-18%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

10%

Faster revenue growth than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,563,008

Down $553,835 (-18%) from 2023

Liabilities

Down

$210,999

Down $186,456 (-47%) from 2023

Net Assets

Down

$2,352,009

Down $367,379 (-14%) from 2023

Revenue

Up

$595,262

Up $55,156 (+10%) from 2023

Expenses

Up

$1,051,217

Up $236,840 (+29%) from 2023

Net Income

Down

-$455,955

Down $181,684 (-66%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,265,091Liabilities 2010: $37Net Assets 2010: $2,265,0542010Assets 2012: $2,672,987Liabilities 2012: $674Net Assets 2012: $2,672,3132012Assets 2013: $2,907,814Liabilities 2013: $11,659Net Assets 2013: $2,896,1552013Assets 2014: $3,241,403Liabilities 2014: $7,698Net Assets 2014: $3,233,7052014Assets 2015: $3,471,969Liabilities 2015: $30,961Net Assets 2015: $3,441,0082015Assets 2016: $3,334,325Liabilities 2016: $440Net Assets 2016: $3,333,8852016Assets 2017: $3,372,498Liabilities 2017: $1,924Net Assets 2017: $3,370,5742017Assets 2018: $3,377,946Liabilities 2018: $0Net Assets 2018: $3,377,9462018Assets 2019: $3,655,685Liabilities 2019: $20,277Net Assets 2019: $3,635,4082019Assets 2020: $3,263,565Liabilities 2020: $2,026Net Assets 2020: $3,261,5392020Assets 2021: $3,595,330Liabilities 2021: $0Net Assets 2021: $3,595,3302021Assets 2022: $3,172,231Liabilities 2022: $182,910Net Assets 2022: $2,989,3212022Assets 2023: $3,116,843Liabilities 2023: $397,455Net Assets 2023: $2,719,3882023Assets 2024: $2,563,008Liabilities 2024: $210,999Net Assets 2024: $2,352,0092024

Highlighted filing

2024

Assets$2,563,008
Liabilities$210,999
Net Assets$2,352,009

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $856,5002010Expenses 2012: $963,0052012Expenses 2013: $781,7852013Revenue 2014: $982,805Expenses 2014: $776,568Net Income 2014: $206,2372014Revenue 2015: $1,105,495Expenses 2015: $823,600Net Income 2015: $281,8952015Revenue 2016: $865,688Expenses 2016: $989,561Net Income 2016: -$123,8732016Revenue 2017: $926,974Expenses 2017: $961,543Net Income 2017: -$34,5692017Revenue 2018: $900,830Expenses 2018: $868,334Net Income 2018: $32,4962018Revenue 2019: $1,059,927Expenses 2019: $881,514Net Income 2019: $178,4132019Revenue 2020: $524,024Expenses 2020: $902,531Net Income 2020: -$378,5072020Revenue 2021: $1,117,000Expenses 2021: $1,064,938Net Income 2021: $52,0622021Revenue 2022: $690,210Expenses 2022: $973,276Net Income 2022: -$283,0662022Revenue 2023: $540,106Expenses 2023: $814,377Net Income 2023: -$274,2712023Revenue 2024: $595,262Expenses 2024: $1,051,217Net Income 2024: -$455,9552024

Highlighted filing

2024

Revenue$595,262
Expenses$1,051,217
Net Income-$455,955

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.56$0.21$2.35$0.60$1.05$0.46
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.12$0.40$2.72$0.54$0.81$0.27
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.17$0.18$2.99$0.69$0.97$0.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.60$0.00$3.60$1.12$1.06$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.26$0.00$3.26$0.52$0.90$0.38
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.66$0.02$3.64$1.06$0.88$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.38$0.00$3.38$0.90$0.87$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.37$0.00$3.37$0.93$0.96$0.03
2016Detailed filing. Detailed filing data is available for this year.$3.33$0.00$3.33$0.87$0.99$0.12
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.47$0.03$3.44$1.11$0.82$0.28
2014Detailed filing. Detailed filing data is available for this year.$3.24$0.01$3.23$0.98$0.78$0.21
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.91$0.01$2.90$0.78
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$0.00$2.67$0.96
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$0.00$2.27$0.86
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 11, 2023
Return Version
2021v4.2
Gross Receipts
$958,798
Mission and Program Overview

Mission

The foundation seeks to enrich our community by significantly improving the academic achievement, self-esteem and life opportunities of school children by offering need-based scholarship support to students attending the frances xavier warde school.

Scholarship and educational assistance for children attending frances xavier warde school

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,129,916$2,729,923▼ $399,993
Cash and Non-Interest-Bearing Accounts$228,330$438,970▲ $210,640
Pledges and Grants Receivable$189,748$3,338▼ $186,410
Total Assets$3,595,330$3,172,231▼ $423,099
Other Assets Total$47,336$0▼ $47,336
Liabilities
Other Liabilities$0$182,910▲ $182,910
Total Liabilities$0$182,910▲ $182,910
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,759,891$1,521,158▼ $238,733
Net Assets With Donor Restrictions$1,835,439$1,468,163▼ $367,276
Total Net Assets Fund Balance$3,595,330$2,989,321▼ $606,009
Total Liabilities and Net Assets / Fund Balance$3,595,330$3,172,231▼ $423,099

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$991,956$10,000▼ $42,141-$959,815
2020$924,162-▲ $67,794-$991,956
2019$910,711-▲ $13,451-$924,162
2018$881,519-▲ $29,192-$910,711
2017$868,176-▲ $13,343-$881,519
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$698,864
Program Service Revenue
$0
Investment Income
$98,434
Other Revenue
$-107,088
All Other Contributions
$416,801
Change in Net Assets
$-283,066

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 Traded1$40,970Fair Market Value (FMV)
Total Noncash Contributions1$40,970-

Audited Revenue Reconciliation

Revenue per Audited Statements
$665,213
Revenue Not Reported on Financial Statements
$24,997
Revenue Not Reported on Form 990
$-215,855
Total Revenue per Audited Statements
$449,358
Total Revenue per Form 990
$690,210
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$910,011
Other Expenses$63,265
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$910,011--$910,011
Other Expenses-$38,268-$38,268
Fees for Service Investment Mgmnt Fees-$24,997-$24,997
Total Functional Expenses$910,011$63,265$0$973,276

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,055,367
Total Expenses per Form 990$973,276
Expenses per Audited Statements$948,279
Expenses Not Reported on Form 990$107,088
Expenses Not Reported on Financial Statements$24,997
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Frances Xavier Warde SchoolChicago, IL501(c)(3)To Provide Scholarships to Students of Frances Xavier Warde School.$910,011
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$107,088
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Scholarship Dinner$282,063-$14,074-
Total Events$282,063-$107,087$-107,087
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Frances Xavier Warde School$182,910
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
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, Section B, Line 11B

The 990 is reviewed for completeness and accuracy by the children at the crossroads foundation treasurer and the controller of the frances xavier warde school before approval is given.

Form 990, Part VI, Section B, Line 12C

Board of directors members are required to disclose any material financial interests which the director has in a person or entity engaging in transactions with the foundation. Policy is written in the bylaws and enforced by the board through self-monitoring and discussing any conflicts at meetings.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Children at the Crossroads Foundation
EIN
36-3654481
Phone
3124660700
Address
751 N STATE STREET, CHICAGO, IL 60654

Signing Officer

Name
Mary Ellen Caron
Title
President
Phone
3124660700
Signed
2023-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Ellen Caron
Formed
1989
Legal Domicile
Il
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
30

Preparer

Firm
Cliftonlarsonallen Llp
Address
1301 WEST 22ND STREET SUITE 1100, OAK BROOK, IL 60523
Preparer
James R Thomas
Phone
6305738600
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The audit committee hires the independent cpa firm and communicates directly with the cpa for an annual audit. They review and approve the annual audited financial statements and any other communications received.

Financial Statement Notes

PART V, LINE 4:

Endowments consist of funds established to support scholarships and grants to a related private school.

PART X, LINE 2:

The foundation is a nonprofit corporation as described in section 501(c)(3) of the internal revenue code. The foundation qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization that is not a private foundation under section 509(a)(1). The foundation is subject to income taxes on any unrelated business income. The foundation determined that it was not required to record a liability for any uncertain tax position as of june 30, 2022.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expense-golf outing special event expense-scholarship dinner 107,088.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expense-golf outing special event expense-scholarship dinner 107,088.

Raw XML AppendixShowing 400 of 539 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt18TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt20FXW BOARD CHAIR
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IRS990/FormationYr01989
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE FOUNDATION SEEKS TO ENRICH OUR COMMUNITY BY SIGNIFICANTLY IMPROVING THE ACADEMIC ACHIEVEMENT, SELF-ESTEEM AND LIFE OPPORTUNITIES OF SCHOOL CHILDREN BY OFFERING NEED-BASED SCHOLARSHIP SUPPORT TO STUDENTS ATTENDING THE FRANCES XAVIER WARDE SCHOOL.
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IRS990/PrincipalOfficerNm0MARY ELLEN CARON
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0182910
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO FRANCES XAVIER WARDE SCHOOL
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt024997
IRS990ScheduleD/RevenueSubtotalAmt0665213
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENTS CONSIST OF FUNDS ESTABLISHED TO SUPPORT SCHOLARSHIPS AND GRANTS TO A RELATED PRIVATE SCHOOL.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE FOUNDATION IS SUBJECT TO INCOME TAXES ON ANY UNRELATED BUSINESS INCOME. THE FOUNDATION DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY FOR ANY UNCERTAIN TAX POSITION AS OF JUNE 30, 2022.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSE-GOLF OUTING SPECIAL EVENT EXPENSE-SCHOLARSHIP DINNER 107,088.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SPECIAL EVENT EXPENSE-GOLF OUTING SPECIAL EVENT EXPENSE-SCHOLARSHIP DINNER 107,088.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.60340

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