Crossing the Finish Line

Financial Stewardship

Crossing the Finish Line (CFL) is proud of its financial integrity and its commitment to stewardship using the financial resources entrusted to us by our community of family and friends. Each year we undergo an audit as required by the Pennsylvania Department of Charitable Organizations. We are proud that 78 cents of every dollar is expended for our program.

The results of this audit are available on our website for the calendar years ending 12/31/01, 12/31/02, 12/31/03, and for the fiscal years ending 06/30/05, 06/30/06, 06/30/07 and 06/30/2008. Similarly, CFL files the Form 990 each year with the Internal Revenue Service as part of our 501(c)3 designation. This form is available for the calendar years ending 12/31/02, and 12/31/03, for the six months ending 06/30/04, and for the fiscal years ending 06/30/05, 06/30/06, 06/30/07 and 06/30/08.

We value our donors and their commitment to our organization. We highlight our financial accomplishments to ensure that your contribution is used to promote our mission and our sailors.

We have occupied donated office space since the beginning in 2000 thanks to Preferred Real Estate Investments and Brandywine Realty Trust.

Our friends at iBeast have donated website service and computer support from inception.

Thousands of dollars are donated directly to our program through use of donated homes, limousine service compliments of the Founders Service Corporation, multimedia services for the Sailor DVD program from our friend Brendan Coyle at Green Mountain Memories and general Sailor items for the welcome bag.

We maintain a special event cash expense ratio of 39% for combined events. Thus, for every $1.00 of ticket cost, $.61 goes directly to the charity and $.39 is used to fund the event. The quotes from the Sailors remind us why we participate at events.

We hold a strong commitment to pursue in-kind donations for the entire operation and deeply appreciate all contributions. CFL would not exist without your time, efforts and materials!

We have a solid commitment to our donors to ensure their generosity is channeled directly to our program. In the year 2005-06, we served 89 families and 303 individuals benefited from our program, including 112 children. The average cash cost per excursion was $3526.00.

If you have any questions about our financial posture, please contact our treasurer, Deborah Bacon, at info@crossingthefinishline.org.