Cristo Rey San Jose Work Study Corporation
- Assets
- $9.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 03/2015
- Data as of
- 06/2022
- EIN
- 46-2605900
Organization Overview
Cristo Rey San Jose Work Study Corporation is located in San Jose, CA. The organization was established in 2015. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, 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 San Jose Work Study Corporation 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 San Jose Work Study Corporation generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 14.6% 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
WE PROVIDE A RIGOROUS COLLEGE PREP EDUCATION (CONT. ON SCH. O)COMBINED WITH PROFESSIONAL WORK EXPERIENCE TO STUDENTS FROM UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ENTITY'S SOLE PURPOSE IS TO PROVIDE THE STUDENTS OF CRISTO REY SAN JOSE WITH "WORK STUDY" PLACEMENTS WITH 100+ SILICON VALLEY COMPANIES AND ORGANIZATIONS. LEADERSHIP FINDS CORPORATE WORK STUDY PROGRAM PARTNERS WHO PAY A PROGRAM FEE FOR SERVICES PROVIDED BY A TEAM OF STUDENTS FOR THE SCHOOL YEAR. STUDENTS PERFORM ADMINISTRATIVE, TECHNICAL OR SIMILAR DUTIES FOR THE PARTNERS, AND THE PROFESSIONAL LEARNING AND INDIVIDUAL CONTRIBUTOR WORK THEY DO IS PART OF THE COMPREHENSIVE ACADEMIC PROGRAM CRISTO REY SAN JOSE OFFERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willie Hernandez Board Chair (left 07/21) | OfficerTrustee | 1 | $0 |
Jason Rodriguez Board Chair | OfficerTrustee | 1 | $0 |
Marisa Bejarano Board Member | Trustee | 1 | $0 |
Jim Burns Board Member | Trustee | 1 | $0 |
James Caltagirone Board Member | Trustee | 1 | $0 |
Tim Carey Board Member | Trustee | 1 | $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 | $215,866 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,866 |
| Total Program Service Revenue | $2,743,650 |
| Investment income | $796 |
| 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 | $2,961,796 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,132,855 |
| Pension plan accruals and contributions | $17,914 |
| Other employee benefits | $73,619 |
| Payroll taxes | $84,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,288 |
| Fees for services: Accounting | $10,518 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,553 |
| Advertising and promotion | $0 |
| Office expenses | $13,929 |
| Information technology | $14,702 |
| Royalties | $0 |
| Occupancy | $81,446 |
| 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 | $48,966 |
| Insurance | $12,662 |
| All other expenses | $9,042 |
| Total functional expenses | $1,704,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $486,522 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,886 |
| 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 | $90,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,250,669 |
| Total assets | $9,881,557 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $180,000 |
| 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 | $0 |
| Total liabilities | $180,000 |
| Net assets without donor restrictions | $9,701,557 |
| 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 | $9,881,557 |