Cristo Rey Brooklyn Corporate Work Study Program is located in Brooklyn, NY. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cristo Rey Brooklyn Corporate Work Study Program is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CRISTO REY BROOKLYN CORPORATE WORK STUDY PROGRAM PROVIDES STUDENTS WITH A LIFE-CHANGING OPPORTUNITY TO WORK AND EARN APPROXIMATELY 50% OF THE COST OF THEIR EDUCATION. THIS EXPERIENCE IS AN ESSENTIAL PART OF THEIR EDUCATION AND GROWTH. IT ENABLES STUDENTS TO DIRECTLY CONTRIBUTE TO THE COST OF THEIR EDUCATION WHILE EXPOSING THEM TO THE WORLD OF WORK, ACQUIRE INVALUABLE HARD SKILLS, AND IMPRINTS THE VALUES OF WORK ETHIC, RESPONSIBILITY, AND AMBITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CRBCWSP ENABLES STUDENTS AT CRISTO REY BROOKLYN HIGH SCHOOL (CRBHS) TO ATTAIN REAL WORLD JOB EXPERIENCE AND ALLOWS STUDENTS TO WORK DURING THE SCHOOL YEAR IN ENTRY-LEVEL JOBS TO COVER APPROXIMATELY 50 PERCENT OR MORE OF THE COST OF THEIR EDUCATION.EACH STUDENT WORKS ONE FULL DAY PER WEEK IN AN ENTRY-LEVEL POSITION AT ORGANIZATIONS REPRESENTING DOZENS OF LEADING BUSINESSES, LAW FIRMS, HIGHER EDUCATION INSTITUTIONS AND VARIOUS CIVIC, PHILANTHROPIC, AND GOVERNMENTAL ENTITIES. EACH STUDENT WORKS A SPECIFIC DAY EACH WEEK AND ACADEMIC CLASSES ARE SCHEDULED TO ENSURE THAT STUDENTS NEVER MISS A CLASS. CRBCWSP STUDENTS WORK IN A VARIETY OF AREAS INCLUDING BUT NOT LIMITED TO ACCOUNTING, HUMAN RESOURCES, OFFICE SERVICES, FINANCE, INFORMATION TECHNOLOGY, MARKETING, AND BUSINESS DEVELOPMENT. STUDENTS ARE TRAINED TO PROVIDE BOTH ONSITE WORK SUPPORT, AS WELL AS VIRTUAL WORK SUPPORT.BY CONTRACTING WITH ITS CORPORATE AND COMMUNITY PARTNERS TO OBTAIN EMPLOYMENT FOR THE STUDENTS OF CRBHS, THE CRBCWSP IS AN INNOVATIVE EDUCATIONAL AND FINANCIAL MODEL THAT ENABLES STUDENTS TO FINANCIALLY ACCESS A PRIVATE, COLLEGE PREPARATORY EDUCATION AND LITERALLY EARN THEIR WAY THROUGH HIGH SCHOOL WHILE SIMULTANEOUSLY GAINING INVALUABLE WORK EXPERIENCE TO BETTER PREPARE THEM FOR COLLEGE AND THE PROFESSIONAL WORKFORCE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William Henson President Executive Officer, Eff. 07/2022 | OfficerTrustee | 1 | $0 |
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 |
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 | $40,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $40,000 |
Total Program Service Revenue | $1,451,600 |
Investment income | $0 |
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 | $1,498,037 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $973,006 |
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 | $0 |
Fees for services: Other | $750 |
Advertising and promotion | $0 |
Office expenses | $3,474 |
Information technology | $4,937 |
Royalties | $0 |
Occupancy | $0 |
Travel | $49 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,024 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $4,929 |
Total functional expenses | $1,438,533 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $150,500 |
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 | $129 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $150,629 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $91,125 |
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 | $91,125 |
Net assets without donor restrictions | $59,504 |
Net assets with donor restrictions | $0 |
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 | $150,629 |