Cristo Rey Brooklyn High School
- Assets
- $18.6m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 66
- Location
- Brooklyn, NY
- Founding
- 03/1946
- Data as of
- 06/2023
- 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 06/2023, Cristo Rey Brooklyn High School employed 66 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 06/2023, Cristo Rey Brooklyn High School generated $5.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $5.1m during the year ending 06/2023. While expenses have increased by 3.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 FY23, CRBHS' ENROLLMENT WAS 269 STUDENTS. SCHOOL WAS IN SESSION 181 DAYS OUT OF THE SCHOOL YEAR, PLUS SPECIAL EXTENDED SUMMER PROGRAMMING OF 15 DAYS. 100% OF ITS 2023 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 |
|---|---|---|---|
William Henson President Executive Officer, Eff. 07/2022 | OfficerTrustee | 40 | $109,000 |
Paul Scariano Chairman, Eff. 10/2022 | OfficerTrustee | 1 | $0 |
Robert Catell Chairman, Thru 10/2022 | OfficerTrustee | 1 | $0 |
Catherine Flax Vice Chair | Trustee | 1 | $0 |
Ian Ruddle Treasurer, Thru 09/2022 | OfficerTrustee | 1 | $0 |
Daniel Geoghan Secretary | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acquista Food Service Food Services | 6/29/23 | $233,978 |
Tax Credit Company Consulting Services | 6/29/23 | $107,652 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $160,483 |
| Related organizations | $973,006 |
| Government grants | $111,984 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,775,869 |
| Noncash contributions included in lines 1a–1f | $172,185 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,021,342 |
| Total Program Service Revenue | $1,103,441 |
| Investment income | $2,002 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,122 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $37,383 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,279,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $295,822 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $258,172 |
| Compensation of current officers, directors, key employees. | $258,172 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,382,554 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $235,289 |
| Payroll taxes | $216,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $92,940 |
| Fees for services: Accounting | $31,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $82,650 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $421,550 |
| Advertising and promotion | $7,101 |
| Office expenses | $83,852 |
| Information technology | $17,877 |
| Royalties | $0 |
| Occupancy | $200,985 |
| Travel | $3,205 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,048 |
| Interest | $31,778 |
| Payments to affiliates | $50,000 |
| Depreciation, depletion, and amortization | $136,564 |
| Insurance | $71,052 |
| All other expenses | $53,626 |
| Total functional expenses | $5,146,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,478 |
| Savings and temporary cash investments | $1,781,559 |
| Pledges and grants receivable | $1,457,211 |
| Accounts receivable, net | $55,936 |
| 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 | $6,364 |
| Net Land, buildings, and equipment | $15,051,695 |
| Investments—publicly traded securities | $63,607 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,336 |
| Total assets | $18,558,186 |
| Accounts payable and accrued expenses | $465,271 |
| Grants payable | $0 |
| Deferred revenue | $106,398 |
| 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 | $11,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,571,669 |
| Net assets without donor restrictions | $5,445,398 |
| Net assets with donor restrictions | $1,541,119 |
| 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 | $18,558,186 |