2026-01-20T17:14:30-06:00 2025-06-30 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2024-07-01 020451454 Crossroads Academy CROS 6037953111 95 Dartmouth College Highway Lyme NH 03768 Dan Weinstein Treasurer 6037953111 2026-01-16 1 0 Connor Smart P02285543 2078792100 2026-01-16 2024 2025-03-06 01:10:19Z Daniel Morrissey 95 Dartmouth College Highway Lyme NH 03768 4456716 0 X https://www.crossroadsacademy.org/ X 1991 NH A coeducational day school focused on the "Core Knowledge and "Core Virtues" curricula. 19 18 41 18 0 0 245158 624620 2658367 3008362 111969 92410 2640 3000 3018134 3728392 307349 328204 0 0 2373507 2469553 0 0 50475 1031351 1077182 3712207 3874939 -694073 -146547 12374152 11866561 1489215 988840 10884937 10877721 X Crossroads Academy is an independent coeducational day school focused on teaching the "Core Knowledge and "Core Virtues" curricula. Crossroads Academy is committed to academic excellence and moral integrity, and seeks to inspire students to love learning, act honorably, and contribute to intellectual, cultural and civic life. 0 0 2631005 328204 3008362 Cultivating a love of learning through our Core Knowledge and Core Virtues Programs, our faculty and staff are skilled guides for every student's educational journey. We are a school that encourages appropriate challenges within an environment filled with joy and passion for learning. Core Knowledge is a body of solid, shared, specific, and sequenced knowledge most essential for literacy in contemporary American society. Core Knowledge consists of the essential concepts and facts in history, literature, geography, mathematics, and science. "Core Virtues" are those traits of character that define human moral goodness. We believe that virtues such as perseverance, intellectual honesty, and intellectual courage are both academic and moral virtues. 2631005 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 25 0 1 41 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 NH X Kristyn Sheehan 6037953111 95 Dartmouth College Highway Lyme NH 03768 Daniel Morrissey Head of School 60.00 X X 177675 0 45438 Emmanuel Ajavon Trustee 1.00 X 0 0 0 Kate Bulthuis Trustee 1.00 X 0 0 0 David Kahn Trustee 1.00 X 0 0 0 Deb Hoffer Trustee 1.00 X 0 0 0 Sara Lang Trustee 1.00 X 0 0 0 Kristofor Langetieg Trustee 1.00 X 0 0 0 Lindsey Leininger Trustee 1.00 X 0 0 0 Dana Metes Trustee 1.00 X 0 0 0 Harker Rhodes IV Trustee 1.00 X 0 0 0 Nick Russell Trustee 1.00 X 0 0 0 Missy Smith Trustee 1.00 X 0 0 0 Jessica Stauth Trustee 1.00 X 0 0 0 Posie Taylor Trustee 1.00 X 0 0 0 Betsy Warren Trustee 1.00 X 0 0 0 Mike Barton President 1.00 X X 0 0 0 Julianne Mann Vice President 1.00 X X 0 0 0 Dan Weinstein Treasurer 1.00 X X 0 0 0 Sarah Greer Secretary 1.00 X X 0 0 0 Holly Gardner Asst. Head of School, Academics 40.00 X 102132 0 25584 Katie Wardrop Asst. Head of School, Ext. Affairs 40.00 X 109773 0 9909 389580 0 80931 3 0 1 0 0 624620 182927 624620 Net tuition and fees 611110 2815759 2815759 Student/care programs 611110 192603 192603 3008362 69547 69547 3000 0 3000 3000 3000 743387 7800 728324 0 15063 7800 22863 22863 3728392 3008362 0 95410 328204 328204 223113 134872 84229 4012 1778103 1047421 690526 40156 66189 64643 1546 255071 219435 33748 1888 147077 147077 8195 8195 101550 101550 1600 1600 14746 116 14630 132307 66550 63849 1908 57558 28319 26728 2511 246965 229604 17361 7938 7938 19484 19484 386691 328687 58004 55566 55566 Student/campus events 40276 30171 10105 Student testing 4306 4306 3874939 2631005 1193459 50475 188552 49134 773811 628159 5136 18526 60219 7505 14170090 4745175 9742406 9424915 1604028 1738322 12374152 11866561 85586 80613 746878 676999 656751 228742 0 2486 1489215 988840 X 9793626 9642325 1091311 1235396 10884937 10877721 12374152 11866561 -146547 139331 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1668728 198717 62474 6878 1798093 1556055 182462 63476 6313 1668728 1464953 1000 157126 61050 5974 1556055 1769330 -240354 57091 6932 1464953 1440706 391403 56350 6429 1769330 0.31290 0.65980 0.02730 1 0 255000 255000 13321049 4296408 9024641 513989 384902 129087 80052 63865 16187 9424915 Capital lease liability 2486 2486 X 3458402 139331 2483 141814 3316588 411804 411804 3728392 3465618 2483 2483 3463135 411804 411804 3874939 Part V, Line 4: The School's endowment consists of funds designated to provide financial aid, support capital improvements, and to generate income for programs and operations. The School's endowment includes both donor-restricted funds and funds designated by the Board of Trustees to function as endowments. The School has adopted investment and spending policies, approved by the Board of Trustees, for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment funds while also maintaining the purchasing power of those endowment assets over the long term. Accordingly, the investment process seeks to achieve an after-cost total real rate of return, including investment income as well as capital appreciation, which exceeds the annual distribution with acceptable levels of risk. The School has a policy of annually appropriating for distribution up to 4% of the average market value of the endowment portfolio at the end of the preceding 12 quarters. In the event of a substantial gift (greater than 50% of the market value of the endowment), the Board may apply a transitional spending policy. The Board seeks to protect the real purchasing power of the endowment over time; produce consistent spending increases; and preserve and enhance the growth of principal. Part X, Line 2: The Academy is exempt from federal income tax under Section 501(c)(3) of the Code. As such, no tax provisions have been made in the accompanying financial statements. The Academy has adopted provisions of the Financial Accounting Standards Board (FASB) in Accounting Standards Codification (ASC) Topic 740-10. The Academy's policy is to evaluate all tax positions on an annual basis in conjunction with the filing of the annual return of an organization exempt from income tax. Interest and penalties assessed by income taxing authorities would be included in management and general expense. For 2024 and 2023, there were no penalties or interest assessed or paid. The Academy files informational returns in the U.S. federal and state jurisdictions. Part XI, Line 2d - Other Adjustments: Discounts from credit card purchases 2,483. Part XI, Line 4b - Other Adjustments: Student financial aid 328,204. Tuition remissions 83,600. Gain on sale of fixed assets Part XII, Line 2d - Other Adjustments: Discounts from credit card purchases 2,483. Part XII, Line 4b - Other Adjustments: Student financial aid 328,204. Tuition remissions 83,600. Gain on sale of fixed assets 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Crossroads Academy has publicized its racially nondiscriminatory policy through its website and all of its written public communications. 1 Student Financial Aid 43 328204 Part I, Line 2: The Crossroads Academy Financial Assistance program is designed to make a Crossroads education possible for all families based on demonstrated financial need and the availability of funds. Crossroads Academy is proud to use the Clarity Application to determine a family's level of financial need based on the information that families share in the application which includes assets, income, expenses, and debts. The financial assistance application typically takes less than 30 minutes to complete, and is designed to be mobile-friendly so that prospective students and families can complete it from anywhere. The Academy also offers technical and administrative support to applicants who are interested in the Academy's financial aid offerings. X X 0 0 0 0 0 0 0 0 0 Daniel Morrissey Head of School 177675 0 0 0 0 0 8884 0 36554 0 223113 0 0 0 X 3 182927 Fair Market Value 0 1 1 Part I, Line 32b: The Organization uses an outside broker to process and sell gifts of stock. Form 990, Part VI, Section B, line 11b The Form 990 is prepared with the assistance of an independent CPA firm. The CPA firm coordinates with key officers and finance personnel of the Organization to prepare and review a draft of the Form 990 prior to its filing with the IRS. As these individuals consider the drafted Form 990, they are given the opportunity to ask questions and to address any concerns with the tax filing or otherwise. The engaged accountant will only file the Form 990 with the IRS after receiving approval from the Organization's key officers and Board that the return is complete, and only after the accountant feels that the Form 990 is accurate based on the available information. Form 990, Part VI, Section B, line 12c Each board member certifies compliance with Crossroad's conflict of interest policy annually. Form 990, Part VI, Section B, line 15a When determining the Head of School's compensation and benefits, the Executive Committee of the Board will research appropriate compensation data and undertake an evaluation of the Executive's performance. The Board and Committee will also review at length the responsibilities of the Head of School, as detailed in their underlying contract and job description, in conjunction with market-research on salaries for other Heads of School within comparable independent schools provided by the Independent School Association of Northern New England (ISANNE) and the National Association of Independent Schools (NAIS). The Board and Committee considers such information alongside published salaries for public school superintendents, public school principals, and other comparable administrators. Through this analysis and with their professional judgement, the Board will arrive at a reasonable and appropriate level of compensation for the Academy's Head of School's salary which is commensurate with their responsibilities and experience. When determining, reviewing, and approving the salary of the Academy's Business Manager, the Head of School will consider the Manager's proposed salary as compared to compensation survey results distributed by ISANNE and NAIS annually, when such data is available. The Head of School will then confirm if such salary and benefits is reasonable based upon these benchmarks and in conjunction with the Manager's actual performance and job responsibilities. The Head of School includes the Business Manager's salary in the annual budget, which is provided annually to the Board for its approval. Form 990, Part VI, Section C, line 19 The Organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request to the extent required by applicable law. Form 990, Part XII, Line 2c The audit process and its review procedures were unchanged since the prior tax year. Specifically, the audit was subject to the review and oversight of the Organization's Executive Director, finance and audit committees, and key financial and business personnel within the Organization. Additionally, the Organization's audited financial statements and Form 990 are subject to review by the Organization's independent Board of Trustees prior to their issuance.