Cristo Rey New York High School
- Assets
- $13.1m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 84
- Location
- New York, NY
- Founding
- 05/2003
- Data as of
- 06/2022
- EIN
- 03-0495750
Organization Overview
Cristo Rey New York High School is located in New York, NY. The organization was established in 2003. 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, Cristo Rey New York High School employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cristo Rey New York High School 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, Cristo Rey New York High School generated $6.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $6.9m during the year ending 06/2022. While expenses have increased by 2.2% 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
CRISTO REY NEW YORK HIGH SCHOOL IS A CATHOLIC, CO-ED, COLLEGE-PREP SCHOOL, PART OF THE NATIONAL CRISTO REY NETWORK. WE SERVE STUDENTS OF ALL FAITHS WHO HAVE DEMONSTRATED THE POTENTIAL AND MOTIVATION TO ACHIEVE SUCCESS AND WHO DO NOT HAVE THE EDUCATIONAL BACKGROUND OR FINANCIAL MEANS TO ATTEND ANOTHER PRIVATE, COLLEGE-PREP SCHOOL. GUIDED BY THE SPIRIT OF CARE FOR THE INDIVIDUAL, CURA PERSONALIS, WE CHALLENGE ALL OUR STUDENTS WITH A RIGOROUS ACADEMIC CURRICULUM AND A DEMANDING WORK-INTERNSHIP PROGRAM. OUR ULTIMATE GOAL IS THAT OUR STUDENTS WILL GRADUATE FROM COLLEGE AND BECOME PROFESSIONALS FOR OTHERS, TRANSFORMING THE WORLD FOR THE GOOD OF THEIR FAMILIES AND SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRISTO REY NEW YORK HIGH SCHOOL (CRNYHS) IS A CATHOLIC, CO-ED, COLLEGE-PREP SCHOOL, PART OF THE NATIONAL CRISTO REY NETWORK OF 38 SCHOOLS. WE SERVE STUDENTS OF ALL FAITHS WHO HAVE DEMONSTRATED THE POTENTIAL AND MOTIVATION TO ACHIEVE SUCCESS AND WHO DO NOT HAVE THE EDUCATIONAL BACKGROUND OR FINANCIAL MEANS TO ATTEND ANOTHER PRIVATE, COLLEGE-PREP SCHOOL. WE CHALLENGE ALL OUR STUDENTS WITH A RIGOROUS ACADEMIC CURRICULUM AND A DEMANDING WORK-INTERNSHIP PROGRAM. OUR ULTIMATE GOAL IS THAT OUR STUDENTS WILL GRADUATE FROM COLLEGE AND BECOME PROFESSIONALS FOR OTHERS, TRANSFORMING THE WORLD FOR THE GOOD OF THEIR FAMILIES AND SOCIETY.THIS YEAR, CRISTO REY NEW YORK'S 349-PERSON STUDENT BODY IS 81% HISPANIC, 14% AFRICAN AMERICAN, AND 6% OTHER ETHNICITIES. THE AVERAGE FAMILY INCOME OF OUR STUDENTS IS $33,097, WITH AN ADJUSTED AVAILABLE INCOME OF ($1,239). SIXTY-FOUR PERCENT (64%) OF OUR STUDENTS COME FROM SINGLE-PARENT HOMES, AND SEVENTY-TWO PERCENT (72%) OF OUR STUDENT BODY IS ELIGIBLE FOR FEDERAL FREE OR REDUCED LUNCH.NINETY-EIGHT PERCENT (97%) OF CRNYHS' 1,203 ALUMNI HAVE ENROLLED IN COLLEGE, WHICH IS DOUBLE THE RATE FOR LOW-INCOME STUDENTS. SIXTY FIVE PERCENT (64%) OF OUR GRADUATES HAVE EITHER ALREADY GRADUATED COLLEGE OR ARE ON TRACK TO GRADUATE, WHICH IS FOUR TIMES THE NATIONAL AVERAGE FOR LOW-INCOME STUDENTS. OUR STUDENTS HAVE ATTENDED SOME OF THE WORLD'S BEST SCHOOLS, INCLUDING PRINCETON UNIVERSITY, BROWN UNIVERSITY, UNIVERSITY OF PENNSYLVANIA, COLUMBIA UNIVERSITY, CORNELL UNIVERSITY, AND GEORGETOWN UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel T Dougherty President, Ex-Officio | OfficerTrustee | 39 | $216,303 |
Zack Miller-Murphy Treasurer/cfo | Officer | 39 | $109,688 |
Campbell Gerrish Vice Chair | OfficerTrustee | 1 | $0 |
Mark Dewaele DMD Vice Chair | OfficerTrustee | 1 | $0 |
Bill Cody Chair | OfficerTrustee | 1 | $0 |
Charlie Viana Secretary | Officer | 39 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quest Builders Group Inc Renovation Contractor | 6/29/15 | $158,667 |
Burke Software And Consulting Llc It Provider | 6/29/15 | $112,470 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $789,805 |
| Related organizations | $112,742 |
| Government grants | $884,502 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,394,121 |
| Noncash contributions included in lines 1a–1f | $116,157 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,181,170 |
| Total Program Service Revenue | $960,742 |
| Investment income | $141,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,950 |
| Net Income from Fundraising Events | -$83,149 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,281,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $235,990 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $422,928 |
| Compensation of current officers, directors, key employees. | $366,620 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,985,567 |
| Pension plan accruals and contributions | $152,417 |
| Other employee benefits | $434,016 |
| Payroll taxes | $263,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,587 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,434 |
| Fees for services: Other | $322,388 |
| Advertising and promotion | $16,761 |
| Office expenses | $197,080 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $285,061 |
| Travel | $77,085 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $940,047 |
| Insurance | $37,647 |
| All other expenses | $13,889 |
| Total functional expenses | $6,867,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,746 |
| Savings and temporary cash investments | $1,470,923 |
| Pledges and grants receivable | $1,103,617 |
| Accounts receivable, net | $43,304 |
| 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 | $74,244 |
| Net Land, buildings, and equipment | $3,848,397 |
| Investments—publicly traded securities | $6,217,154 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,600 |
| Total assets | $13,063,985 |
| Accounts payable and accrued expenses | $89,532 |
| Grants payable | $0 |
| Deferred revenue | $59,731 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,018 |
| Total liabilities | $175,281 |
| Net assets without donor restrictions | $6,407,610 |
| Net assets with donor restrictions | $6,481,094 |
| 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 | $13,063,985 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cristo Rey New York High School has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Ballydavid Foundation Vero Beach, FL PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Endowment Analysis
| Beg. Balance | $6,911,945 |
| Earnings | -$696,400 |
| Net Contributions | $207,185 |
| Other Expense | $250,209 |
| Ending Balance | $6,172,521 |
Peer Organizations
| 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 |
Community Academy Of Philadelphia A Pennylvania Charter School Philadelphia, PA | $18,600,792 | $22,292,096 |
Miss Halls School Inc Pittsfield, MA | $50,566,747 | $21,121,476 |
Cristo Rey Philadelphia High School Philadelphia, PA | $44,344,879 | $19,011,850 |
Valley Forge Military Academy Foundation Wayne, PA | $40,487,283 | $14,074,781 |
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 |
Jack M Barrack Hebrew Academy Bryn Mawr, PA | $28,446,825 | $17,100,040 |