Nonprofit · EIN 42-1729036
CHEROKEE CROSSROADS FOUNDATION INC
Tax-exempt · DALLAS, TX 75225
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,571,996 | $1,459,955 | $112,041 | $928,298 | -$25,407 | $953,705 |
| December 31, 2023 | 990 | $1,440,545 | $1,500,865 | -$60,320 | $912,602 | $70,938 | $841,664 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,519,372
- Program service revenue
- $0
- Investment income
- $0
- Net income from sales of inventory
- $52,624
- Other revenue
- $52,624
Expenses
- Grants and similar amounts paid
- $214,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,066
- Occupancy
- $417,324
- Depreciation
- $24,712
- Program services (functional)
- $214,000
- Management and general (functional)
- $39,818
- Fundraising (functional)
- $1,206,137
Balance sheet and other
- Total assets, start of year
- $912,602
- Total assets, end of year
- $928,298
- Total liabilities, end of year
- -$25,407
- Net assets, end of year
- $953,705
- Land, buildings and equipment
- $589,030
- Net assets without donor restrictions
- $161,747
- Net assets with donor restrictions
- $791,958
- Gross receipts
- $1,574,503
- Employees
- 0
- Year formed
- 2007
- State of legal domicile
- TX
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT BEASLEY Jr | PRESIDENT Trustee or director, Officer | 2 | $0 |
| MATTHEW JONES | DIRECTOR Trustee or director | 2 | $0 |
| RENEE LORENZ | DIRECTOR Trustee or director | 5 | $0 |
| CLAY KUTCH | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RENEE LORENZ | DIRECTOR Trustee or director | 5 | $0 |
| CLAY KUTCH | DIRECTOR Trustee or director | 2 | $0 |
| MATTHEW JONES | DIRECTOR Trustee or director | 2 | $0 |
| SCOTT BEASLEY JR | PRESIDENT Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 8111 WESTCHESTER DR STE 600, DALLAS, TX 75225-6142
- In care of
- % RENEE LORENZ
- Principal officer (990 for 2024)
- SCOTT BEASLEY Jr, 8111 WESTCHESTER DRIVE Ste 600, DALLAS, TX 75225
- Signed the 990
- RENEE LORENZ, DIRECTOR
- Phone
- (214) 981-0735
- Return prepared by
- Brown Welch Mehta LLC
Mission
PUT ON A MUSIC FESTIVAL TO RAISE FUNDS FOR GRANTS TO 501(C)3 ORGANIZATIONS.
Program accomplishments
- DONATED FUNDS TO 501(C)3 ORGANIZATIONSExpenses $214,000 · grants $214,000 · revenue $1,574,504
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1729036
- 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
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $928,298
- Income (IRS master file)
- $1,574,503
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,571,996 | $1,459,955 | $928,298 | XML |
| 990 | December 2023 | $1,440,545 | $1,500,865 | $912,602 | XML |
| 990 | December 2022 | $1,294,785 | $1,357,612 | $939,366 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 42-1729036).
Questions about CHEROKEE CROSSROADS FOUNDATION INC
- What is the EIN of CHEROKEE CROSSROADS FOUNDATION INC?
- The employer identification number (EIN) of CHEROKEE CROSSROADS FOUNDATION INC is 42-1729036.
- Is CHEROKEE CROSSROADS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to CHEROKEE CROSSROADS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHEROKEE CROSSROADS FOUNDATION INC 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 CHEROKEE CROSSROADS FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHEROKEE CROSSROADS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CHEROKEE CROSSROADS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names SCOTT BEASLEY Jr.
- Who are the officers and directors of CHEROKEE CROSSROADS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does CHEROKEE CROSSROADS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,571,996, expenses of $1,459,955 and total assets of $928,298 at year end.
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