Crossfire Ministries

The information on this page was last updated 3/14/2023. If you see errors or omissions, please email: [email protected]


Summary

Crossfire exists to show the love of God to folks in tight places by providing no-cost groceries, clothing and care.


Contact information

Mailing address:
Crossfire Ministries
3975 N. Academy Blvd
Colorado Springs, CO 80917

Website: crossfireministries.org

Phone: 719-447-1806

Email: [email protected]


Organization details

EIN: 841295381

CEO/President: Renee Beebe

Chairman: Debbie O'Toole

Board size: 7

Founder: John Miller / Leslie Miller

Ruling year: 1995

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2013


Purpose

Crossfire has pioneered no-cost grocery shopping for fresh produce, frozen meats, bread, dairy and canned goods so you can prepare your meals your way. Be our guest for food, community and care.


Mission statement

Crossfire's Biblical mandate is to feed the hungry, clothe the naked, take care of widows and orphans (these are single moms and kids, also grandparents taking care of grandchildren). We are dedicated to showing God's love, providing hope and encouragement by providing daily necessities to anyone in need.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating30 of 10947 of 111
Fund acquisition rating62 of 10974 of 111
Resource allocation rating26 of 10977 of 111
Asset utilization rating316 of 109435 of 111

Financial ratios

Funding ratiosSector median20202019201820172015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
89%95%98%99%99%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
11%5%2%1%1%1%
 
Operating ratiosSector median20202019201820172015
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%95%97%98%98%98%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%82%95%101%97%98%
Program output ratio Program output ratio =
Program services /
Total revenue
69%79%92%99%95%95%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%18%5%-1%3%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
14%43%16%-3%9%6%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%4%3%2%2%2%
 
Investing ratiosSector median20202019201820172015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.801.092.724.913.002.45
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.041.981.681.762.403.23
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.722.164.588.637.197.90
 
Liquidity ratiosSector median20202019201820172015
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.55137.66249.45227.71474.9271.72
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.090.010.000.000.000.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.955.522.611.391.671.50
 
Solvency ratiosSector median20202019201820172015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
12%46%6%1%0%1%
Debt ratio Debt ratio =
Debt /
Total assets
1%46%6%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
103%49%34%20%33%40%

Financials

Balance sheet
 
Assets20202019201820172015
Cash$1,552,050$604,691$498,833$269,347$209,148
Receivables, inventories, prepaids$309,552$241,198$148,079$213,650$106,400
Short-term investments$402,439$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,264,041$845,889$646,912$482,997$315,548
Long-term investments$0$0$0$0$0
Fixed assets$2,137,615$556,018$463,315$472,035$499,030
Other long-term assets$73,968$22,246$26,408$203,716$204,174
Total long-term assets$2,211,583$578,264$489,723$675,751$703,204
Total assets$4,475,624$1,424,153$1,136,635$1,158,748$1,018,752
 
Liabilities20202019201820172015
Payables and accrued expenses$16,447$3,391$2,841$1,017$4,400
Other current liabilities$0$0$0$0$0
Total current liabilities$16,447$3,391$2,841$1,017$4,400
Debt$2,053,254$80,337$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$6,254$3,634$2,372$8,759
Total long-term liabilities$2,053,254$86,591$3,634$2,372$8,759
Total liabilities$2,069,701$89,982$6,475$3,389$13,159
 
Net assets20202019201820172015
Without donor restrictions$2,405,923$1,154,696$945,297$1,037,092$927,511
With donor restrictions$0$179,475$184,863$118,267$78,082
Net assets$2,405,923$1,334,171$1,130,160$1,155,359$1,005,593
 
Revenues and expenses
 
Revenue20202019201820172015
Total contributions$5,623,437$4,002,700$5,510,954$3,534,606$2,519,694
Program service revenue$0$32$24$24$17
Membership dues$0$0$0$0$0
Investment income$256,374$35,295($13,181)$10,986$9,125
Other revenue$47,359$42,517$46,457$36,789$24,559
Total other revenue$303,733$77,844$33,300$47,799$33,701
Total revenue$5,927,170$4,080,544$5,544,254$3,582,405$2,553,395
 
Expenses20202019201820172015
Program services$4,659,438$3,757,123$5,471,237$3,388,987$2,437,508
Management and general$210,400$115,121$107,255$83,225$55,382
Fundraising$15,321$1,380$1,744$1,077$659
Total expenses$4,885,159$3,873,624$5,580,236$3,473,289$2,493,549
 
Change in net assets20202019201820172015
Surplus (deficit)$1,042,011$206,920($35,982)$109,116$59,846
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,042,011$206,920($35,982)$109,116$59,846

Compensation

NameTitleCompensation
Renee BeebeExecutive Director$52,900

Compensation data as of: 12/31/2019


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/14/2023. To update the information below, please email: [email protected]


History


Program accomplishments

Crossfire, in 2021, provided approximately 60,430 services, which included giving away food and clothes. Crossfire did this with a volunteer staff adding up to 49,500 volunteer hours. We currently serve approximately 250 families per day.


Needs