NonprofitsPowercross

Religion-Related

Powercross

STATESVILLE, NC

Total revenue

$4.4M

Total expenses

$3.4M

Net assets

$2.9M

Grants received

$2.9M

49 grants

EIN

141989435

Tax year

2023

Mission

To spread the life-changing word of Christ into our community, through athletic outreach, Christian Discipleship, college readiness, life skill training, and free meal program.

Programs

22 programs

Transportation- A key portion of the Power Cross program is providing transportation to our participants. The fleet managment of Power Cross provides thousands of miles of transportation annually.

Expenses: $339K

Athletic Training and Development- We provide athletic teams and training for young men in baseball, basketball, wrestling, and football. Providing training, equipment, assistance with recruiting and free camps and clinics year round.

Expenses: $1.3M

Academic Support- Power Cross provides weekly academic support year round, and also college prep courses.

Expenses: $141K

Emergency Family Assistance- occasionally there is an immediate need that Power Cross can fill for our families. Typically these are bills that are past due and services that are in danger of being terminated.

Expenses: $11K

Power Cross Christmas Party-We rent our local civic center and provide Christmas Dinner for all of the member of our ministry and their family. We average between 600-700 guest. We provide gifts for all children in attendance and an evangelist speaks.

Expenses: $78K

Bible Study and Discipleship of the community and PC Participants

Expenses: $57K

High School Recruiting and College Preparation Skill Development. Support of Alumni in college.

Expenses: $56K

Staff Development and Spiritual Wellness

Expenses: $21K

Capitol Projects of Football Field Installation and Facility Renovations

Expenses: $71K

Staff Pay

Expenses: $348K

Contractor Pay

Expenses: $70K

Payroll /taxes

Expenses: $141K

Accounting

Expenses: $10K

Advertising & Marketing

Expenses: $113K

Office Expenses

Expenses: $33K

Information Technology- Cell Phones, Internet, Softwares

Expenses: $30K

Occupancy- Owner Financing Payment, Utilities

Expenses: $108K

Travel

Expenses: $16K

Insurance

Expenses: $138K

Alarm Service

Expenses: $4K

General Maintenance of buildings & landscaping

Expenses: $96K

other Expenses

Expenses: $18K

Financials

FY 2023

Revenue

Contributions & grants$2.6M
Program service revenue
Investment income$11K
Other revenue$1.8M
Total revenue$4.4M

Expenses

Grants paid
Salaries & benefits$489K
Fundraising
Other expenses$2.9M
Total expenses$3.4M
Total assets$2.9M
Net assets$2.9M

People

8 listed

NameRoleCompensation

Jeff Storment

Co-Founder

Board

$82K

60 hrs/wk

Natalie Storment

Co-Founder

Board

$82K

60 hrs/wk

Matthew Redmond

Board of Directors

Board

2 hrs/wk

Jeff Tucker

Board of Directors

Board

2 hrs/wk

Scarlett Chapman

Secretary

Board

2 hrs/wk

Ben Shelton

Board of Directors

Board

2 hrs/wk

Steve Jones

Board of Directors

Board

2 hrs/wk

Cory Knight

Daily Operations Director

Staff

$59K

40 hrs/wk

Grants received

Showing 49 of 49

FromAmountPurposeYear
$643K
CHILDREN'S AND YOUTH MINISTRY
2024
$125K
GENERAL PURPOSE
2024
$55K
CHARITABLE GIFT
2024
$50K
PROGRAM SUPPORT
2024
$5K
UNRESTRICTED GENERAL SUPPORT
2024
$200K
GENERAL PURPOSE
2023
$85K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$58K
CHARITABLE GIFT
2023
$41K
For grant recipient's exempt purposes
2023
$27K
EOY GIVING
2023
$6K
COMMUNITY DEVELOPMENT
2023
$5K
PROGRAM/OPERATING SUPPORT
2023
$800
PROGRAM/OPERATING SUPPORT
2023
$202K
GENERAL PURPOSE
2022
$65K
CHARITABLE GIFT
2022
$42K
TO ASSIST THOSE IN NEED.
2022
$36K
For grant recipient's exempt purposes
2022
$35K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$25K
SALISBURY KITCHEN RENOVATIONS
2022
$21K
COMMUNITY DEVELOPMENT
2022
$100K
For recipient's exempt purpose
2021
$20K
EOY GIVING
2021
$18K
For grant recipient's exempt purposes
2021
$18K
For grant recipient's exempt purposes
2021
$30K
GENERAL PURPOSE
2020
$30K
CHARITABLE GIFT
2020
$6K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$5K
EOY GIVING
2020
$14K
For grant recipient's exempt purposes
2019
$2K
RECIPIENTS GENERAL PURPOSE
2019
$30K
SUPPLIES FOR HANDS ON STEM AND SPORTS LEARNING CENTER
2018
$5K
GENERAL SUPPORT
2018
$500
PROGRAM/OPERATING SUPPORT
2018
$500
PROGRAM/OPERATING SUPPORT
2018

Funded by

$2.9M from 17 funders · 49 grants · 2018–2024

Natl Christian Charitable Fdn Inc

$1.3M · 5 grants · 2020–2024

The Cline Family Fdn Inc

$557K · 4 grants · 2020–2024

Vanguard Charitable Endowment Program

$226K · 4 grants · 2020–2023

Foundation For The Carolinas

$208K · 4 grants · 2020–2024

Speedway Children's Charities

$160K · 3 grants · 2018–2024

Fidelity Investments Charitable Gift Fund

$127K · 5 grants · 2019–2023

American Online Giving Foundation Inc

$63K · 5 grants · 2019–2024

The Dale Jr Foundation

$52K · 3 grants · 2020–2023

Details

EIN141989435
NTEE codeX20
Subsection03
Ruling date2008-06
Formed2010
Employees14
Volunteers30
POWERCROSS — Mission, Financials & Grants Received | Grantivo