Notre Dame Cristo Rey High School Inc is located in Methuen, MA. The organization was established in 2008. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Notre Dame Cristo Rey High School Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Notre Dame Cristo Rey High School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Notre Dame Cristo Rey High School Inc generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $5.1m during the year ending 06/2022. While expenses have increased by 5.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WORKING TO TRANSFORM THE LIVES OF YOUNG STUDENTS, NOTRE DAME CRISTO REY HIGH SCHOOL PROVIDES A CATHOLIC, AFFORDABLE, CULTURALLY SENSITIVE, COLLEGE PREPARATORY EDUCATION, ENHANCED BY PROFESSIONAL WORK EXPERIENCE FOR YOUNG MEN AND WOMEN FROM FAMILIES OF LIMITED INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOTRE DAME CRISTO REY HIGH SCHOOL IS A MEMBER OF THE CRISTO REY NETWORK, A NATIONAL NETWORK OF HIGH SCHOOLS THAT INTEGRATES FOUR YEARS OF RIGOROUS COLLEGE PREPARATORY ACADEMICS WITH FOUR YEARS OF PROFESSIONAL WORK EXPERIENCE.COMPRISED OF 38 CATHOLIC, COLLEGE PREPARATORY SCHOOLS THAT TODAY SERVE MORE THAN 12,300 STUDENTS ACROSS 23 STATES AND WASHINGTON DC AND CLAIMS 23,100 GRADUATES, CRISTO REY NETWORK HIGH SCHOOLS DELIVER A POWERFUL AND INNOVATIVE APPROACH TO INNER-CITY EDUCATION THAT EQUIPS STUDENTS FROM ECONOMICALLY-DISADVANTAGED FAMILIES WITH THE KNOWLEDGE, CHARACTER, AND SKILLS TO TRANSFORM THEIR LIVES.NDCR'S TARGET POPULATION INCLUDES 299 STUDENTS AGES 14-18 FROM LAWRENCE, MA (90%) AND THE SURROUNDING COMMUNITIES. NDCR STUDENTS REPRESENT DIVERSE BACKGROUNDS AND CULTURES INCLUDING SOUTHEAST ASIAN, HAITIAN, LEBANESE, WEST AFRICAN, AND AFRICAN AMERICAN, HOWEVER MOST OF THE STUDENT BODY (93%) IS HISPANIC/LATINO. 65% ARE FEMALE, 35% MALE AND 82% QUALIFY FOR FREE OR REDUCED FEDERAL LUNCHES.SINCE ITS FIRST GRADUATING CLASS, 100% OF NDCR'S GRADUATES HAVE BEEN ACCEPTED TO A FOUR-YEAR COLLEGE OR UNIVERSITY. NDCR'S COLLEGE GRADUATION RATE IS 64%, COMPARED TO A U.S. NATIONAL AVERAGE OF 9%.
THROUGH NDCR'S CORPORATE WORK STUDY PROGRAM, STUDENTS ARE PLACED INTO 9:00AM-5:00PM PROFESSIONAL JOBS, ALLOWING STUDENTS FROM FAMILIES WITH LIMITED INCOME TO EARN A MAJORITY OF THEIR TUITION AND GAIN VALUABLE ON-THE-JOB EXPERIENCE. THIS OPPORTUNITY ALLOWS STUDENTS TO BUILD A NEW LEVEL OF SELF-CONFIDENCE WHERE THEY ACQUIRE SOCIAL, TECHNICAL AND TIME MANAGEMENT SKILLS AND DEVELOP MARKETABLE SKILLS IN PREPARATION FOR THE WORLD OF WORK. THE CORPORATE WORK STUDY PROGRAM PROVIDES THE GROUNDWORK FOR ECONOMIC SELF-SUFFICIENCY AS WELL AS A STARTING POINT FOR CAREER CHOICES.OVER 75 COMPANIES THROUGHOUT THE MERRIMACK VALLEY, ROUTE 93/128 NORTH CORRIDORS AND SOUTHERN NEW HAMPSHIRE EMPLOY NDCR STUDENTS IN THE CORPORATE WORK STUDY PROGRAM.NDCR STUDENTS HAVE RANKED #1 IN WORKPLACE PERFORMANCE 15 OUT OF 17 TIMES ACROSS THE ENTIRE CRISTO REY NETWORK OF HIGH SCHOOLS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Anthony Zavagnin Principal | 40 | $121,852 | |
Lothsarinh Acciard CFO | Officer | 40 | $97,850 |
Sr Mary Farren Sndden President | OfficerTrustee | 0.5 | $0 |
Sr Maryalyce Gilfeather Sndden Ex-Officio Head Of School | OfficerTrustee | 40 | $0 |
Sr Barbara Barry Sndden Clerk | OfficerTrustee | 0.5 | $0 |
John Chory Member | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $857,823 |
Related organizations | $0 |
Government grants | $794,838 |
All other contributions, gifts, grants, and similar amounts not included above | $4,143,919 |
Noncash contributions included in lines 1a–1f | $14,575 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,796,580 |
Total Program Service Revenue | $2,539,447 |
Investment income | $39,550 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $42,768 |
Net Income from Fundraising Events | -$41,808 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $8,407,963 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $730,569 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,648,571 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $184,290 |
Payroll taxes | $217,865 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $307,441 |
Advertising and promotion | $23,283 |
Office expenses | $67,765 |
Information technology | $48,752 |
Royalties | $0 |
Occupancy | $176,510 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $11,570 |
Interest | $90,138 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $191,823 |
Insurance | $66,176 |
All other expenses | $31,441 |
Total functional expenses | $5,096,710 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,670,981 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $1,065,677 |
Accounts receivable, net | $24,746 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $54,135 |
Net Land, buildings, and equipment | $5,207,545 |
Investments—publicly traded securities | $2,507,693 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $14,530,777 |
Accounts payable and accrued expenses | $352,841 |
Grants payable | $0 |
Deferred revenue | $78,560 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $1,968,614 |
Unsecured mortgages and notes payable | $689,347 |
Other liabilities | $0 |
Total liabilities | $3,089,362 |
Net assets without donor restrictions | $6,110,928 |
Net assets with donor restrictions | $5,330,487 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $14,530,777 |
Over the last fiscal year, we have identified 3 grants that Notre Dame Cristo Rey High School Inc has recieved totaling $45,000.
Awarding Organization | Amount |
---|---|
Josephine G Russell Trust Andover, MA PURPOSE: EDUCATION | $25,000 |
The Andover Companies Charitable Foundation Wilmington, DE PURPOSE: WORKING FOR OUR FUTURE: THE CAPITAL CAMPAIGN FOR NDCR | $10,000 |
The Andover Companies Charitable Foundation Wilmington, DE PURPOSE: WORKING FOR OUR FUTURE: THE CAPITAL CAMPAIGN FOR NDCR | $10,000 |
Beg. Balance | $539,830 |
Net Contributions | $34,150 |
Ending Balance | $573,980 |
Organization Name | Assets | Revenue |
---|---|---|
Central Catholic High School Inc Lawrence, MA | $53,774,234 | $20,404,394 |
Yeshiva University High Schools New York, NY | $22,674,721 | $20,464,649 |
Bancroft School Worcester, MA | $41,590,208 | $15,668,076 |
Woodstock Academy Woodstock, CT | $31,824,143 | $19,974,211 |
Derryfield School Manchester, NH | $44,949,554 | $20,323,202 |
Miss Halls School Inc Pittsfield, MA | $50,566,747 | $21,121,476 |
Tilton School Tilton, NH | $51,782,047 | $28,426,192 |
Rectory School Inc Pomfret, CT | $61,030,805 | $27,484,393 |
Westover School Inc Middlebury, CT | $114,183,779 | $14,889,393 |
Putney School Inc Putney, VT | $65,148,933 | $24,861,480 |
Ridgefield Academy Inc Ridgefield, CT | $32,737,443 | $17,017,349 |
Keio Academy Of New York Purchase, NY | $60,256,729 | $12,685,966 |