Cristo Rey Network
- Assets
- $23.3m
- Revenue
- $20.0m
- Investments
- $0.0
- Employees
- 38
- Location
- Chicago, IL
- Founding
- 02/2003
- Data as of
- 06/2023
- EIN
- 04-3730980
Organization Overview
Cristo Rey Network is located in Chicago, IL. The organization was established in 2003. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2023, Cristo Rey Network employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cristo Rey Network 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 06/2023, Cristo Rey Network generated $20.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $11.2m during the year ending 06/2023. While expenses have increased by 17.7% per year over the past 8 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.
Since 2015, Cristo Rey Network has awarded 125 individual grants totaling $10,874,471. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CRISTO REY NETWORK IS THE ONLY NETWORK OF HIGH SCHOOLS IN THE COUNTRY THAT INTEGRATE FOUR YEARS OF RIGOROUS COLLEGE PREPARATORY ACADEMICS WITH FOUR YEARS OF PROFESSIONAL WORK EXPERIENCE THROUGH THE CORPORATE WORK STUDY PROGRAM. COMPRISED OF 39 CATHOLIC, CAREER FOCUSED, COLLEGE PREPARATORY SCHOOLS, THE CRISTO REY NETWORK DELIVERS A POWERFUL AND INNOVATIVE APPROACH TO EDUCATION THAT EQUIPS STUDENTS FROM FAMILIES OF LIMITED ECONOMIC MEANS WITH THE KNOWLEDGE, CHARACTER, AND SKILLS TO ACHIEVE THEIR ASPIRATIONS. (SEE CONTINUATION ON SCHEDULE O)WHILE CRISTO REY SCHOOLS ARE LOCALLY OWNED AND OPERATED, THE CRISTO REY NETWORK NATIONAL OFFICE PROTECTS THE INTEGRITY OF THE MOVEMENT AND ADVANCES SCHOOL EXCELLENCE AND INNOVATION BY:- SURFACING, SCALING, AND STANDARDIZING EFFECTIVE PRACTICES ACROSS ALL SCHOOLS THROUGH PROFESSIONAL DEVELOPMENT OFFERINGS, CONVENINGS, AND CONSULTATION IN ACADEMICS, COLLEGE ENROLLMENT AND COMPLETION, CORPORATE WORK STUDY PROGRAM, PERFORMANCE MEASUREMENT, AND GOVERNANCE;- FACILITATING NEW SCHOOL GROWTH THROUGH DEVELOPMENT AND IMPLEMENTATION OF A NATIONAL GROWTH PLAN AND SUPPORT FOR NEW SCHOOLS;- SUPPORTING MISSION ACCOUNTABILITY AS DEFINED BY THE MISSION EFFECTIVENESS STANDARDS THROUGH SCHOOL EVALUATIONS AND DATA ANALYSIS; AND- STEWARDING NATIONAL BRANDING, VISIBILITY, AND FUNDRAISING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Goettl President & CEO (until 06/30/23) | OfficerTrustee | 55 | $272,747 |
John O'shea Board Chair | OfficerTrustee | 2 | $0 |
Michael Bell Director | Trustee | 1 | $0 |
Joann Chavez Director | Trustee | 1 | $0 |
Kathy Cote Director | Trustee | 1 | $0 |
Montanea Daniels Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Silicon Valley Mathematics Initiative Academic Consulting | 6/29/23 | $163,021 |
Sheraton Society Hill Hospitality Services | 6/29/23 | $120,256 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,399,459 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,399,459 |
| Total Program Service Revenue | $2,326,529 |
| Investment income | $452,781 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$160,294 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,019,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,153,855 |
| Grants and other assistance to domestic individuals. | $190,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $392,008 |
| Compensation of current officers, directors, key employees. | $37,672 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,367,761 |
| Pension plan accruals and contributions | $109,989 |
| Other employee benefits | $207,340 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $970,774 |
| Advertising and promotion | $56,084 |
| Office expenses | $23,467 |
| Information technology | $282,882 |
| Royalties | $0 |
| Occupancy | $241,417 |
| Travel | $321,602 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $747,400 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $27,111 |
| All other expenses | $2,465 |
| Total functional expenses | $11,170,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $356,354 |
| Savings and temporary cash investments | $501,212 |
| Pledges and grants receivable | $6,407,745 |
| Accounts receivable, net | $186,239 |
| 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 | $21,458 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,178,045 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $653,445 |
| Total assets | $23,304,498 |
| Accounts payable and accrued expenses | $372,290 |
| Grants payable | $0 |
| Deferred revenue | $45,000 |
| 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 | $185,068 |
| Total liabilities | $602,358 |
| Net assets without donor restrictions | $9,213,294 |
| Net assets with donor restrictions | $13,488,846 |
| 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 | $23,304,498 |
Grants Awarded
Over the last fiscal year, Cristo Rey Network has awarded $4,153,855 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
ARRUPE JESUIT HS (DENVER) PURPOSE: General Support | $70,000 |
CHRIST THE KING JESUIT COLLEGE PREP (CHICAGO) PURPOSE: General Support | $70,000 |
CRISTO REY ATLANTA JESUIT HIGH SCHOOL (ATLANTA) PURPOSE: General Support | $89,420 |
CRISTO REY BOSTON HIGH SCHOOL (BOSTON) PURPOSE: General Support | $75,000 |
CRISTO REY BROOKLYN HIGH SCHOOL PURPOSE: General Support | $174,350 |
CRISTO REY COLUMBUS (COLUMBUS) PURPOSE: General Support | $95,000 |