Chris-tex Inc
Only 41% goes to programs Strong reserves Declining revenue
Chris-tex Inc is a 501(c)(3) organization based in Cantonment, Florida, registered in 1999, with $39,891,676 in FY2024 revenue. CharityIndex grades it B+, and it directs about 41% of spending to programs.
2032 Hamilton Crossing Dr, Cantonment, FL, 32533 EIN 59-3525513 Since 1999
Revenue (FY2024)
$39.9M
▲ 157.5% vs prior year
Education median: $200K
Expenses (FY2024)
$9.5M
Net assets
$1.6B
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
AProgram efficiency40% of the rating41% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Chris-tex Inc: 41% to programs earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating1976 mo reserves · +76% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Chris-tex Inc: 1976 mo reserves · +76% margin earns a B+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Chris-tex Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Chris-tex Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To function as an investment and endowment manager.
Contact & location
- Address
- 2032 Hamilton Crossing Dr, Cantonment, FL, 32533
- City
- Cantonment
- State
- Florida
- Category
- Education
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $69.7M (FY2013) to $39.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $182.2MNet assets $1.6B
Operating margin
76.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.7B
Total liabilities
$182.2M
Net assets
$1.6B
Salaries & benefits
$0
0% of expenses
Board members
3
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $39,891,676▲157% | $9,489,152▼65.9% | $1,562,433,386▲7.0% | $1,744,614,347▲19.4% | 990 |
| 2023 | $15,492,090▲70.4% | $27,799,744▼33.1% | $1,460,762,581▲8.0% | $1,460,829,659▲8.0% | 990 |
| 2022 | $9,094,044▼85.1% | $41,552,180▲266% | $1,352,228,173▼0.2% | $1,352,248,228▼0.2% | 990 |
| 2021 | $60,967,322▲5.1% | $11,351,190▼46.7% | $1,355,088,356▼0.9% | $1,355,088,356▼0.9% | 990 |
| 2020 | $57,991,176▲70.2% | $21,310,562▼22.3% | $1,368,042,098▲15.9% | $1,368,042,098▲15.9% | 990 |
| 2019 | $34,074,524▲13.2% | $27,419,072▲16.9% | $1,180,475,676▲1.3% | $1,180,481,819▲1.3% | 990 |
| 2018 | $30,109,354▼22.3% | $23,453,063▼73.9% | $1,165,346,409 | $1,165,352,484 | 990 |
| 2017 | $38,743,160▲3.7% | $89,799,103▲226% | $1,165,746,018▼2.0% | $1,165,746,018▼2.0% | 990 |
| 2016 | $37,373,796▼90.4% | $27,522,027▲59.4% | $1,189,345,133▲4.1% | $1,189,345,133▲4.1% | 990 |
| 2015 | $390,107,865▲692% | $17,264,763▲180% | $1,142,263,101▲43.7% | $1,143,025,408▲43.8% | 990 |
| 2014 | $49,274,039▼29.3% | $6,156,127▲100% | $794,784,485▲4.9% | $794,826,174▲4.9% | 990 |
| 2013 | $69,665,062 | $3,074,376▲0.9% | $757,487,696▲14.1% | $757,487,696▲14.1% | 990 |
| 2012 | — | $3,046,542▲53.0% | $664,032,468▼6.4% | $664,032,468▼6.4% | 990 |
| 2010 | — | $1,991,496▲32.0% | $709,345,437▲5.9% | $709,345,437▲5.9% | 990 |
| 2009 | — | $1,508,417 | $669,892,313 | $669,892,313 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Denise Shoemaker | Secretary | 0 | — |
| Dr Troy Shoemaker | President | 0 | — |
| James Thompson II | Treasurer | 0 | — |
Grants received · $4.6M total
1 grant to Chris-tex Inc totaling $4.6M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Pensacola Christian College Inc | General support | 2018 | $4,595,913 |
Grants made · $3.9M in FY2024
1 grant totaling $3.9M in FY2024. All grants made by Chris-tex Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Pensacola Christian College Inc | General support | $3,900,000 |
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Compare Chris-tex Inc
Frequently asked questions
- Is Chris-tex Inc a legitimate nonprofit?
- Yes. Chris-tex Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-3525513, based in Cantonment, Florida. Donations are tax-deductible.
- What is Chris-tex Inc's EIN?
- Chris-tex Inc's Employer Identification Number (EIN) is 59-3525513.
- How much revenue does Chris-tex Inc report?
- Chris-tex Inc reported $39,891,676 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Chris-tex Inc's spending goes to programs?
- Chris-tex Inc spends about 41% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Chris-tex Inc have?
- CharityIndex grades Chris-tex Inc B+, based on program efficiency and fundraising cost.
- How much does Chris-tex Inc's highest-paid employee make?
- The highest reported compensation on Chris-tex Inc's latest Form 990 is $0, paid to Denise Shoemaker (Secretary).
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Data for Chris-tex Inc (EIN 59-3525513) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.