Cristo Rey Corporate Internship Program Inc
- Assets
- $25.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 118
- Location
- Baltimore, MD
- Founding
- 03/1946
- Data as of
- 06/2018
- EIN
- 20-5300491
Organization Overview
Cristo Rey Corporate Internship Program Inc is located in Baltimore, MD. The organization was established in 1946. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2018, Cristo Rey Corporate Internship Program Inc employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cristo Rey Corporate Internship Program 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 06/2018, Cristo Rey Corporate Internship Program Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE CRISTO REY CORPORATE INTERNSHIP PROGRAM PROVIDES STUDENTS OF CRISTO REY JESUIT HIGH SCHOOL WITH THE OPPORTUNITY TO LEARN AND GROW THROUGH ENTRY-LEVEL JOBS AT BUSINESS AND NON-PROFITS THROUGHOUT THE BALTIMORE AREA. THROUGH CIP, STUDENTS ARE ABLE TO CONTRIBUTE TO THE COST OF THEIR EDUCATION BY WORKING 5 FULL DAYS EACH MONTH. MORE THAN 85 COMPANIES PARTICIPATE IN THE CIP PROGRAM, AND CIP SPONSORS INCLUDE PRESTIGIOUS LAW FIRMS, HOSPITALS, FINANCIAL INSTITUTIONS, UNIVERSITIES, LOCAL MUSEUMS, AND OTHER ORGANIZATIONS. BECAUSE OF CIP, STUDENTS LEARN ABOUT THE WORLD OF WORK, THEY BUILD CONFIDENCE OUTSIDE OF A CLASSROOM, AND THEY LEARN TO ENVISION THEIR OWN PROFESSIONAL FUTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE APPROXIMATELY 340 STUDENTS OF CRISTO REY JESUIT HIGH SCHOOL WITH THE OPPORTUNITY TO LEARN AND GROW THROUGH ENTRY-LEVEL JOBS AT APPROXIMATELY 129 BUSINESSES AND NON-PROFITS THROUGHOUT THE BALTIMORE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank K Turner Jr Chair | OfficerTrustee | 1 | $0 |
Robert T Cawley Vice Chair | OfficerTrustee | 1 | $0 |
Tedd M Alexander III Trustee | Trustee | 0.5 | $0 |
Sr Helen Amos Rsm Trustee | Trustee | 0.5 | $0 |
Richard O Berndt Trustee | Trustee | 0.5 | $0 |
George L Bunting Jr Trustee | Trustee | 0.5 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,627,798 |
| Investment income | $283,119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,910,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,700,000 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $605 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,700,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,433 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,500 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,290,853 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,295,763 |
| Total assets | $25,669,549 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $176,833 |
| 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 | $0 |
| Total liabilities | $176,833 |
| Unrestricted restricted net Assets | $25,492,716 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $25,492,716 |