Cristo Rey Brooklyn High School
- Assets
- $4.2m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 60
- Location
- Brooklyn, NY
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 26-2433224
Organization Overview
Cristo Rey Brooklyn High School is located in Brooklyn, NY. The organization was established in 1946. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Cristo Rey Brooklyn High School employed 60 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cristo Rey Brooklyn 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 Brooklyn High School generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $5.2m during the year ending 06/2022. While expenses have increased by 4.5% 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 BROOKLYN IS A CATHOLIC HIGH SCHOOL PARTNERING WITH FAMILIES OF ALL CREEDS TO EDUCATE DESERVING YOUNG PEOPLE FROM UNDERSERVED COMMUNITIES TO BECOME MEN AND WOMEN OF FAITH, PURPOSE, AND SERVICE. BY INTEGRATING A RIGOROUS CURRICULUM, A UNIQUE WORK-STUDY EXPERIENCE, AND THE SUPPORT OF AN INCLUSIVE SCHOOL COMMUNITY, WE ENABLE STUDENTS TO SUCCEED IN COLLEGE AND BEYOND WITH THE VALUES ESSENTIAL TO A FULFILLING LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRISTO REY BROOKLYN HIGH SCHOOL (CRBHS), FOUNDED IN 2008 IN BROOKLYN, NEW YORK, IS A MEMBER OF THE CRISTO REY NETWORK OF 38 HIGH SCHOOLS ACROSS THE UNITED STATES, THE LARGEST NETWORK OF SCHOOLS IN THE COUNTRY THAT EXCLUSIVELY SERVES FAMILIES AND YOUNG PEOPLE OF LIMITED ECONOMIC MEANS. CRBHS PROVIDES A COLLEGE PREPARATORY CATHOLIC HIGH SCHOOL EDUCATION TO STUDENTS WHOSE FAMILIES HAVE DEMONSTRATED A FINANCIAL NEED. STUDENTS ENROLLED AT CRBHS CURRENTLY RESIDE IN BROOKLYN, QUEENS, MANHATTAN, AND THE BRONX.FOR FY22, CRBHS' ENROLLMENT WAS 297 STUDENTS. SCHOOL WAS IN SESSION 183 DAYS OUT OF THE SCHOOL YEAR, PLUS SPECIAL EXTENDED SUMMER PROGRAMMING. 96% OF ITS 2022 GRADUATES WERE ACCEPTED INTO COLLEGE, WITH EACH GRADUATE EARNING AT LEAST ONE FOUR-YEAR COLLEGE ACCEPTANCE WITH FULL FINANCIAL NEEDS MET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deanna Philippe Principal | 40 | $106,499 | |
John Infortunio Director Of Operations, Thru 10/16/21 | Officer | 40 | $74,659 |
William Ford President/executive Office | OfficerTrustee | 40 | $61,055 |
William Henson Vice Chair | OfficerTrustee | 1 | $27,500 |
Ivan Charles Director Of Operations, Eff. 11/1/21 | Officer | 40 | $16,667 |
Robert Catell Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Counselling Service Co Llc Fundraising Services | 6/29/22 | $293,000 |
Acquista Food Service Food Services | 6/29/22 | $159,362 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $283,777 |
| Related organizations | $0 |
| Government grants | $1,190,968 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,306,142 |
| Noncash contributions included in lines 1a–1f | $243,198 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,780,887 |
| Total Program Service Revenue | $2,629,660 |
| Investment income | $389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,611 |
| Net Gain/Loss on Asset Sales | -$129 |
| Net Income from Fundraising Events | $85,749 |
| Net Income from Gaming Activities | $8,795 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,630,920 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $339,305 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $311,374 |
| Compensation of current officers, directors, key employees. | $253,713 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,370,939 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $234,421 |
| Payroll taxes | $209,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,652 |
| Fees for services: Accounting | $29,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $293,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $407,992 |
| Advertising and promotion | $3,307 |
| Office expenses | $128,913 |
| Information technology | $11,782 |
| Royalties | $0 |
| Occupancy | $196,265 |
| Travel | $1,948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,005 |
| Interest | $2,795 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,717 |
| Insurance | $52,191 |
| All other expenses | $45,789 |
| Total functional expenses | $5,207,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,546 |
| Savings and temporary cash investments | $535,866 |
| Pledges and grants receivable | $2,349,036 |
| Accounts receivable, net | $264,198 |
| 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 | $112 |
| Net Land, buildings, and equipment | $735,513 |
| Investments—publicly traded securities | $110,397 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,200,668 |
| Accounts payable and accrued expenses | $702,847 |
| Grants payable | $0 |
| Deferred revenue | $372,158 |
| 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 | $60,615 |
| Total liabilities | $1,135,620 |
| Net assets without donor restrictions | $930,303 |
| Net assets with donor restrictions | $2,134,745 |
| 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 | $4,200,668 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Cristo Rey Brooklyn High School has recieved totaling $775,766.
| Awarding Organization | Amount |
|---|---|
Cristo Rey Network Chicago, IL PURPOSE: General Support | $356,938 |
Ryan Smith Foundation Naples, FL PURPOSE: GRANTTO FURTHER EDUCATIONAL ADVANCES | $115,740 |
Pinkerton Foundation New York, NY PURPOSE: CAREER READINESS | $75,000 |
Moglia Family Foundation Bellevue, NE PURPOSE: GENERAL PURPOSE | $75,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $43,250 |
Hyde And Watson Foundation Warren Township, NJ PURPOSE: PURCHASE OF A FACILITY. | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Cambridge School Of Weston Inc Weston, MA | $57,046,494 | $20,616,161 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |