Cristo Rey Dallas Corporate Work Study Program Inc
- Assets
- $3.1m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 37
- Location
- Dallas, TX
- Founding
- 05/2015
- Data as of
- 06/2021
- EIN
- 47-1851947
Organization Overview
Cristo Rey Dallas Corporate Work Study Program Inc is located in Dallas, TX. The organization was established in 2015. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Cristo Rey Dallas Corporate Work Study Program Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cristo Rey Dallas Corporate Work Study 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 06/2021, Cristo Rey Dallas Corporate Work Study Program Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $3.5m during the year ending 06/2021. While expenses have increased by 23.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, OR TO CARRY OUT THE PURPOSES OF CRISTO REY DALLAS HIGH SCHOOL, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION DEVELOPED AND IMPLEMENTED AN INTERNSHIP PROGRAM. SPECIFICALLY, THE CORPORATION PARTNERED WITH 120 LOCAL BUSINESSES TO PROVIDE WORK STUDY JOBS FOR EACH OF CRISTO REY DALLAS HIGH SCHOOL, INC.'S 480 STUDENTS DURING THE YEAR ENDED JUNE 30, 2021. THROUGH THESE EFFORTS, THE CORPORATION WAS ABLE TO PROVIDE TUITION ASSISTANCE VIA QUALIFIED EDUCATION ASSISTANCE PLAN ("QEAP") IN THE AMOUNT OF $2,519,990. EACH STUDENT PARTICIPATES IN THE CORPORATE WORK STUDY PROGRAM (CWSP) WHICH OFFERS A WEEKLY WORK STUDY EXPERIENCE FOR ALL FOUR YEARS.
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Joyner Board Chair | OfficerTrustee | 4 | $0 |
Kip Kernodle CFO | Officer | 4 | $0 |
Michael Mendoza President | Officer | 25 | $0 |
Kathy St Clair Director Of Finance | Officer | 20 | $0 |
Gerald Reihsen Board Member | Trustee | 1 | $0 |
Win Bell 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 | $415,846 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $415,846 |
| Total Program Service Revenue | $3,401,695 |
| 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 | $3,818,198 |
| 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 | $598,406 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $101,144 |
| Payroll taxes | $45,318 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,463 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,129 |
| Advertising and promotion | $8,220 |
| Office expenses | $182 |
| Information technology | $30,583 |
| Royalties | $0 |
| Occupancy | $24,203 |
| 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 | $28,539 |
| Total functional expenses | $3,463,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,910,717 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $148,333 |
| Accounts receivable, net | $198,428 |
| 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 | $15,388 |
| Net Land, buildings, and equipment | $203,476 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $580,178 |
| Total assets | $3,056,520 |
| Accounts payable and accrued expenses | $173,586 |
| Grants payable | $0 |
| Deferred revenue | $172,250 |
| 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 | $345,836 |
| Net assets without donor restrictions | $2,710,684 |
| 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 | $3,056,520 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cristo Rey Dallas Corporate Work Study Program Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Addy Foundation Dallas, TX PURPOSE: EDUCATION | $50,000 |
Texas Mutual Insurance Company Austin, TX PURPOSE: Workforce Development & Safety Training | $40,000 |
United Way Of Bergen County Paramus, NJ PURPOSE: DONOR DESIGNATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |
Friends Of Imagine International Academy Of North Texas Mckinney, TX | $32,038,501 | $13,231,420 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX | $379,261,425 | $375,406 |
University Of Texas Law School Foundation Austin, TX | $263,458,115 | $22,437,207 |
Dallas Seminary Foundation Dallas, TX | $76,216,359 | $8,000,736 |
Sul Ross State University Foundation Alpine, TX | $1,687,998 | $1,230,429 |
University Of New Orleans Foundation New Orleans, LA | $129,213,862 | $21,783,517 |
Grambling High Foundation Grambling, LA | $36,491,619 | $11,923,300 |
University Of Houston Foundation Houston, TX | $176,095,945 | $16,062,659 |