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Nonprofit · EIN 14-1989435

POWERCROSS

Tax-exempt · STATESVILLE, NC 28677

Financials

$2.6M$2.3M2022$4.4M$3.4M2023$4.4M$3.5M2024
Revenue Expenses · by fiscal year end
Financials of POWERCROSS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
August 31, 2025990$4,442,816$3,470,995$971,821$4,693,061$0$4,693,061
August 31, 2024990$4,408,762$3,367,372$1,041,390$2,880,846$0$2,880,846
August 31, 2023990$2,585,114$2,254,890$330,224$3,311,174$0$3,311,174
Financial details: 990 for the year ended August 31, 2025

Revenue

Contributions, gifts and grants
$4,332,574
Program service revenue
$0
Investment income
$110,242
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$545,743
Salaries, compensation and benefits (total)
$591,676
Professional fundraising fees
$36,549
Legal fees
$27,712
Accounting fees
$20,400
Occupancy
$218,260
Travel
$25,184
Depreciation
$160,582
Program services (functional)
$2,755,931
Management and general (functional)
$343,172
Fundraising (functional)
$371,892

Balance sheet and other

Total assets, start of year
$2,880,846
Total assets, end of year
$4,693,061
Total liabilities, end of year
$0
Net assets, end of year
$4,693,061
Land, buildings and equipment
$2,989,243
Gross receipts
$4,442,816
Employees
25
Volunteers
25
Year formed
2010
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended August 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Jeff StormentCo-Founder
Key employee
65$114,137
Natalie StormentCo-Founder
Key employee
65$114,137
Lorie FeesDirector of Major Gifts
Key employee
40$82,000
William SherardDirector of Discipleship
Key employee
40$61,000
Matthew RedmondBoard of Directors
Officer
2$0
KC WoodyBoard of Directors
Officer
2$0
Kelly HowardBoard of Directors
Officer
4$0
Jack BossBoard of Directors
Officer
2$0
Jeffrey BlairBoard of Directors
Officer
1$0
990 for the year ended August 31, 2024: 8 people
NameTitleHours / weekCompensation
Jeff StormentCo-Founder
Trustee or director
60$82,000
Natalie StormentCo-Founder
Trustee or director
60$82,000
Cory KnightDaily Operations Director
Key employee
40$59,149
Matthew RedmondBoard of Directors
Officer
2$0
Jeff TuckerBoard of Directors
Officer
2$0
Scarlett ChapmanSecretary
Officer
2$0
Ben SheltonBoard of Directors
Officer
2$0
Steve JonesBoard of Directors
Officer
2$0
990 for the year ended August 31, 2023: 10 people
NameTitleHours / weekCompensation
Jeff StormentCo-Founder
Trustee or director, Key employee
55$74,651
Natalie StormentCo-Founder
Trustee or director, Key employee
55$74,651
Cory KnightDaily Operations Director
Key employee
50$60,918
Matthew MurdockStatesville Director
Key employee
50$46,619
Damoin J ParsonsSalisbury Director
Key employee
50$13,558
Matthew RedmondBoard of Directors
Trustee or director
0$0
Jeff TuckerBoard of Directors
Trustee or director
0$0
Scarlett ChapmanSecretary
Trustee or director
0$0
Ben SheltonBoard of Directors
Trustee or director
0$0
Steve JonesBoard of Directors
Trustee or director
0$0

Address and contacts

Address (IRS master file)
1133 W FRONT ST, STATESVILLE, NC 28677-5050
In care of
% NATALIE STORMENT
Principal officer (990 for 2024)
Natalie Storment, 1133 W Front St, Statesville, NC 28677
Signed the 990
Natalie Storment, Co Founder
Phone
(704) 380-3001

Mission

To spread the life changing word of Christ into our community utilizing a variety of resources to have a far reach and broad impact.

990 for the year ended August 31, 2025

Program accomplishments

  • Power Cross provides free hot meals daily to young men in our community who primarily live in food insecure homes. We served approximately 80,000 free meals in 2024/2025
    Expenses $225,569
  • Discipleship, Mentorship, Academic and Youth Development Power Cross provides consistent faith-based outreach, Christian discipleship, mentorship, academic support, tutoring, and leadership development for young men, particularly those from underserved communities and generational poverty. Participants are surrounded by positive role models and a structured community focused on spiritual growth, character, accountability, academic development, and preparation for college, career, and adult leadership.
    Expenses $995,164
  • Athletic Training and Development Power Cross uses athletics as a consistent engagement and development platform. The ministry provides coaching, training, teams, equipment, athletic development, camps, clinics, recruiting support, and college-preparation opportunities integrated with discipleship and academic expectations. Direct 2025 athletic contracted costs were $1,106,732 and athletic development supplies and expenses were $255,548.
    Expenses $1,362,280
  • Christmas Party, Family Outreach, College Support, Career Development
    Expenses $172,918

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025August 31, 2026January 15, 2027Not due yet
2024August 31, 2025January 15, 2026990 on file
2023August 31, 2024January 15, 2025990 on file

IRS record

EIN
14-1989435
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2008
Accounting year ends
August
Files
Form 990 or 990-EZ
Category (NTEE)
Religion-related (X20)
Assets (IRS master file)
$4,693,061
Income (IRS master file)
$4,442,816

Filing history

FormYear endedRevenueExpensesAssetsReturn
990August 2025$4,442,816$3,470,995$4,693,061XML
990August 2024$4,408,762$3,367,372$2,880,846XML
990August 2023$2,585,114$2,254,890$3,311,174XML
990August 2022$2,992,363$2,251,460$3,070,299IRS
990August 2021–––IRS
990August 2020–––IRS
990August 2019–––IRS
990August 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 14-1989435).

Questions about POWERCROSS

What is the EIN of POWERCROSS?
The employer identification number (EIN) of POWERCROSS is 14-1989435.
Is POWERCROSS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to POWERCROSS tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does POWERCROSS file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of POWERCROSS due?
The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did POWERCROSS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended August 2025.
Who is the principal officer of POWERCROSS?
The 990 for the year ended August 31, 2025 names Natalie Storment.
Who are the officers and directors of POWERCROSS?
The 990 for the year ended August 31, 2025 lists 9 people; 4 received compensation from the organization, the highest $114,137 (Jeff Storment, Co-Founder).
How much revenue does POWERCROSS have?
On its 990 for the year ended August 31, 2025 it reported revenue of $4,442,816, expenses of $3,470,995 and total assets of $4,693,061 at year end.

Other nonprofits in STATESVILLE

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