2024-12-02T06:04:41-06:00 2024-06-30 251622758 MAHER DUESSEL CPA'S 503 MARTINDALE STREET SUITE 600 PITTSBURGH PA 15212 990 2023-07-01 251513510 THE CROSSROADS FOUNDATION CROS 4126619422 6901 LYNN WAY PITTSBURGH PA 15208 ESTHER STIEF EXECUTIVE DIRECTOR 4126619422 2024-12-02 1 0 NATALIE CAPONI P01742735 4124715500 2023 2024-10-15 13:58:12Z ESTHER STIEF 6901 LYNN WAY PITTSBURGH PA 15208 4709846 0 X WWW.CROSSROADSFOUNDATION.ORG X 1988 PA THE MISSION OF CROSSROADS FOUNDATION IS TO PROVIDE PROMISING YOUTH WHO HAVE LIMITED OPTIONS ACCESS TO A QUALITY CATHOLIC HIGH SCHOOL EDUCATION BY NURTURING THEIR ACADEMIC AND PERSONAL GROWTH SO THEY MAY SUCCEED IN COLLEGE AND IN LIFE. 15 15 18 90 0 0 1742166 1470031 0 0 11168 360382 0 0 1753334 1830413 663653 679985 0 0 776525 947379 0 0 139091 574085 632683 2014263 2260047 -260929 -429634 12596501 13430765 196076 141620 12400425 13289145 TO PROVIDE PROMISING YOUTH WHO HAVE LIMITED OPTIONS ACCESS TO A QUALITY CATHOLIC HIGH SCHOOL EDUCATION BY NURTURING THEIR ACADEMIC AND PERSONAL GROWTH SO THEY MAY SUCCEED IN COLLEGE AND IN LIFE. 0 0 1942963 679985 SINCE ITS INCEPTION IN 1988 CROSSROADS FOUNDATION HAS WORKED TO TRANSFORM VULNERABLE URBAN ADOLESCENTS INTO SUCCESSFUL YOUNG SCHOLARS WHO ARE READY FOR COLLEGE. CROSSROADS STUDENTS RECEIVE FINANCIAL ASSISTANCE TO ATTEND A QUALITY CATHOLIC HIGH SCHOOL AS WELL AS ACADEMIC ASSISTANCE, CAREER AND COLLEGE GUIDANCE, AND PERSONAL-SOCIAL INTERVENTIONS IN ORDER TO ACHIEVE THEIR POTENTIAL. STUDENTS SELECTED INTO THE CROSSROADS PROGRAM ARE AVERAGE TO ABOVE AVERAGE STUDENTS WHO DEMONSTRATE POTENTIAL, BUT WHO WOULD BE AT RISK FOR SCHOOL FAILURE WITHOUT THE SUPPORT SERVICES CROSSROADS PROVIDES. APPROXIMATELY 35 - 40 SCHOLARS ARE ACCEPTED INTO THE PROGRAM EACH YEAR. 1942963 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 1 0 0 PA X ESTHER STIEF 4126619422 6901 LYNN WAY PITTSBURGH PA 15208 DEAN A CALLAND PRESIDENT EMERITUS 2.00 X X 0 0 0 NEAL SHIPLEY VICE PRESIDENT 1.00 X X 0 0 0 LAMARCUS THURMAN TREASURER 1.00 X X 0 0 0 RYAN MCCARTHY PRESIDENT 2.00 X X 0 0 0 MAURA BOSTON MEMBER 1.00 X 0 0 0 CAMILLE A SCIULLO MEMBER 1.00 X 0 0 0 RICHARD GOBBIE MEMBER 1.00 X 0 0 0 KURT HERDMAN MEMBER 0.50 X 0 0 0 CATHERINE FRISCHKORN MEMBER 1.00 X 0 0 0 AARON REED MEMBER 1.00 X 0 0 0 JUEL SMITH SECRETARY AND CHAIR OF GOV 1.00 X X 0 0 0 LISA SYLVESTER MEMBER 1.00 X 0 0 0 ANTHONY KANE JR MEMBER 1.00 X 0 0 0 MALIK JOHNSON MEMBER 0.50 X 0 0 0 MARISSA PARK MEMBER 0.50 X 0 0 0 ESTHER STIEF EXECUTIVE DIRECTOR 40.00 X 125356 0 16580 125356 0 16580 1 0 0 0 0 6078 1463953 1470031 341985 341985 2897830 2879433 18397 18397 18397 1830413 0 0 360382 679985 679985 147830 103481 22174 22175 668641 577665 29874 61102 13938 12285 684 969 62831 52365 6485 3981 54139 45174 3508 5457 26192 3920 21782 490 59446 59446 55793 44275 6059 5459 38937 31243 3845 3849 66539 53231 6654 6654 3469 3469 14570 11656 1457 1457 ACADEMIC SUPPORT 196791 184875 5658 6258 LEADERSHIP DEVELOPMENT 90602 90456 73 73 DEVELOPMENT EXPENSE 61247 37383 4309 19555 MAINTANENCE AND REPAIRS 9842 7882 980 980 9255 7087 1536 632 2260047 1942963 177993 139091 397957 202850 368041 335182 59148 6858 26076 26303 37079 29843 79344 75876 6937 3468 11507851 12715507 25771 138 167641 110616 12596501 13430765 28435 31004 167641 110616 196076 141620 X 4938899 6045208 7461526 7243937 12400425 13289145 12596501 13430765 -429634 1318354 0 X X 0 1 X 1 0 X 1355251 1915077 1694387 1742166 1470031 8176912 1355251 1915077 1694387 1742166 1470031 8176912 1658858 6518054 228402 197900 267534 101149 341985 1136970 25492 25492 9339374 0.69790 0.66110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10552150 1666898 400000 59446 11759602 9629694 1178758 200000 56302 10552150 11457557 -1769742 58121 9629694 9302968 2312219 100000 57630 11457557 9203070 3200 292300 141823 53779 9302968 0.49000 0.51000 0 0 65464 65464 0 13880 10412 3468 3468 LEASE LIABILITY 110616 110616 3089321 1318354 1318354 1770967 59446 59446 1830413 2200601 0 2200601 59446 59446 2260047 PART V, LINE 4: ALL SPENDING FROM CROSSROAD'S ENDOWMENT FUNDS WILL COMPLY WITH ANY DONOR RESTRICTIONS ON SPENDING IMPOSED ON SUCH FUNDS. IN CREATING AN ENDOWMENT FUND THE DONOR MAY ALSO HAVE RESTRICTED THE PURPOSE OR PURPOSES FOR WHICH THE FUNDS FROM THE ENDOWMENT MAY BE SPENT. ALL DECISIONS REGARDING EXPENDITURES FROM AN ENDOWMENT FUND RESTRICTED AS TO PURPOSE MUST COMPLY WITH SUCH PURPOSE RESTRICTIONS. EXPENDITURES FROM ENDOWMENT FUNDS THAT ARE NOT RESTRICTED AS TO PURPOSE MAY BE USED FOR ANY PURPOSE BY CROSSROADS. DECISIONS TO APPROPRIATE FUNDS FROM THE ENDOWMENT FUNDS OR TO ACCUMULATE SUCH FUNDS SHALL BE MADE ONLY BY THE BOARD. UNLESS PERMITTED BY THE DONOR IN THE GIFT INSTRUMENT, AN ANNUAL DISTRIBUTION FROM AN ENDOWMENT FUND IN AN AMOUNT EXCEEDING SEVEN (7) PERCENT OF THE FAIR MARKET VALUE OF THE FUND, CALCULATED BASED ON MARKET VALUES DETERMINED AT LEAST QUARTERLY AND AVERAGED OVER A PERIOD OF AT LEAST THE LAST TWENTY QUARTERS ENDING WITH THE LAST QUARTER OF THE FISCAL YEAR PRECEDING THE DISTRIBUTION (OR FOR THE NUMBER OF QUARTERS IN EXISTENCE FOR ENDOWMENTS MORE RECENTLY CREATED), WILL CREATE A REBUTTABLE PRESUMPTION THAT SUCH DISTRIBUTION WAS IMPRUDENT. ACCORDINGLY, SHOULD THE BOARD COMMITTEE RECOMMEND AND/OR THE BOARD OF DIRECTORS DECIDE, AFTER ACTING IN ACCORDANCE WITH PRUDENCE STANDARD AS SET FORTH ABOVE, THAT MAKING AN ANNUAL DISTRIBUTION IN EXCESS OF SEVEN (7) PERCENT FROM SUCH ENDOWMENT FUND IS PRUDENT, THE FINANCE COMMITTEE AND THE BOARD EACH SHALL ENSURE THAT THE CONTEMPORANEOUS WRITTEN RECORD DOCUMENTING ITS RECOMMENDATION OR DECISION INCLUDES A DETAILED STATEMENT OF THE BASIS UPON WHICH THE FINANCE COMMITTEE AND/OR BOARD DETERMINED THAT SUCH ANNUAL DISTRIBUTION WAS PRUDENT. 1 SCHOLARSHIP 161 679985 SCHEDULE I, PART I, LINE 2 SCHOLARSHIPS ARE AWARDED THROUGH ANALYSIS OF THE PRIVATE SCHOOL AID SERVICE (PSAS). THE DIRECTOR OF ACADEMIC SUPPORT SERVICES MAINTAINS DETAILED RECORDS OF ALL STUDENTS IN OUR PROGRAM IN EACH OF THE SIX SCHOOLS AND THE TOTAL SCHOLARSHIP AWARD WE PROVIDE FOR EACH STUDENT. THE SCHOOLS ARE PAID AT THE END OF THE ACADEMIC YEAR. THE DIRECTOR OF ACADEMIC SUPPORT SERVICES IS IN TOUCH WITH THE BUSINESS OFFICES OF EACH OF THE SIX SCHOOLS ON A QUARTERLY BASIS TO MONITOR PARENT PAYMENT OF TUITION BALANCE. A CROSSROADS SCHOLARSHIP COVERS MORE THAN TUITION. IN ADDITION TO TUITION SUPPORT, CROSSROADS SUPPORTS STUDENTS IN THE PROGRAM BY PROVIDING SOCIAL AND EMOTIONAL SUPPORT, COLLEGE PREP PROGRAMS, AND THREE FULL-TIME COUNSELORS. X 1 103772 FAIR MARKET VALUE 0 0 1 PART I, LINE 32B: STOCK DONATIONS PROCESSED BY PNC INSTITUTIONAL ASSET MANAGEMENT. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE REVIEWS THE FORM 990, INCLUDING ALL REQUIRED SCHEDULES, PRIOR TO FILING. THE ENTIRE BOARD RECEIVES A COPY OF THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE EXECUTIVE COMMITTE OF THE BOARD. ALL BOARD MEMBERS ANNUALLY REVIEW THE POLICY AND UPDATE THEIR UNDERSTANDING OF IT WITH THEIR SIGNATURES ON THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS A NUMBER OF SOURCES PRIOR TO DETERMINING TOP MANAGEMENT COMPENSATION. THE FOLLOWING DATA SOURCES ARE USED: THE UNITED WAY SURVEY FOR SALARY DETERMINATIONS WHICH GIVES A BENCHMARK FOR CROSSROADS WITH SIMILAR TYPE, SIZE, AND SERVICE ORGANIZATIONS; THE FORBES FUND STUDIES ON SALARY DETERMINATIONS WITHIN NONPROFITS FOR THE GREATER PITTSURGH REGION AND SEVERAL REVIEWS OF LIKE ORGANIZATIONS IN THE NORTHEAST REGION. FORM 990, PART VI, SECTION C, LINE 19 CROSSROADS HAS A POLICY OF MAKING AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO ANYONE WHO WOULD REQUEST IT. THE REQUEST WOULD HAVE TO COME IN WRITING TO THE EXECUTIVE DIRECTOR. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.