Cristo Rey Richmond High School Inc

Organization Overview

Cristo Rey Richmond High School Inc is located in Richmond, VA. The organization was established in 2016. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Cristo Rey Richmond High School Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cristo Rey Richmond High School 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 06/2022, Cristo Rey Richmond High School Inc generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $3.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

A CATHOLIC LEARNING COMMUNITY THAT EDUCATES YOUNG PEOPLE OF LIMITED ECONOMIC MEANS TO BECOME PEOPLE OF FAITH, PURPOSE AND SERVICE. THROUGH A RIGOROUS COLLEGE PREPARATORY CURRICULUM, INTEGRATED WITH A RELEVANT WORK STUDY EXPERIENCE, STUDENTS GRADUATE READY TO SUCCEED IN COLLEGE AND LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE SCHOOL BEGAN OPERATING IN AUGUST, 2019 WITH A FRESHMAN CLASS OF 88 STUDENTS. ALL CRISTO REY SCHOOLS INCORPORATE A UNIQUE CORPORATE WORK STUDY PROGRAM THAT PREPARES STUDENTS FROM FAMILIES OF LIMITED ECONOMIC MEANS FOR COLLEGE AND BEYOND. PAYMENTS FROM THE CORPORATE WORK STUDY PARTNERS PARTIALLY OFFSET THE COST OF THE STUDENTS' EDUCATION. THOUGH THE CORPORATE WORK STUDY PROGRAM IS A SEPARATE 501(C)(3) ENTITY THAT FILES A SEPARATE 990, ALL OF THE EXPENSES RELATED TO BOTH THE ACADEMIC PROGRAM AND THE CORPORATE WORK STUDY PROGRAM ARE INCURRED BY THE SCHOOL. MAJOR PROGRAM EXPENDITURES INCLUDE: - SALARIES AND BENEFITS OF BOTH THE ACADEMIC FACULTY AND ADMINISTRATION AND THE CORPORATE WORK STUDY STAFF- STUDENT MEAL PROGRAM THAT PROVIDES BREAKFAST AND LUNCH DAILY AT NO COST TO THE STUDENTS- STUDENT PROGRAMS/SUPPLIES INCLUDING COMPUTERS, TEXTBOOKS, UNIFORMS, WORK STUDY TRAINING, ATHLETICS/EXTRACURRICULAR ACTIVITIES- FACILITY LEASE AND MAINTENANCE


WORK-STUDY PROGRAM - ALL STUDENTS OF THE SCHOOL ARE REQUIRED TO PARTICIPATE IN THE WORK-STUDY PROGRAM. THE PROGRAM PROVIDES STUDENTS VALUABLE EMPLOYMENT TRAINING AND ON-THE-JOB EXPERIENCE IN ADDITION TO A REDUCTION IN THEIR TUITION AT THE SCHOOL.


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Board, Officers & Key Employees

Name (title)Compensation
Jane Johnson
CFO
$100,986
Alexa J Quinn
Chair Emeritus
$0
Christopher Habenicht
Chairman Of The Board
$0
Alma Showalter
Treasurer Of The Board
$0
Peter J Mccourt
Ex-Officio - President & C
$0
Camille Blanchard
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bon Secours
Employee Lease
$162,240
Mdsc Services
Food Services
$103,737
Bon Secours
Employee Lease
$162,240
Mdsc Services
Food Services
$103,737
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$200,000
Membership dues$0
Fundraising events$0
Related organizations$1,236,728
Government grants $100,000
All other contributions, gifts, grants, and similar amounts not included above$4,519,323
Noncash contributions included in lines 1a–1f $475,475
Total Revenue from Contributions, Gifts, Grants & Similar$6,056,051
Total Program Service Revenue$164,735
Investment income $24,535
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 $6,245,321

Grants Recieved

Over the last fiscal year, we have identified 31 grants that Cristo Rey Richmond High School Inc has recieved totaling $1,847,761.

Awarding OrganizationAmount
Mary Morton Parsons Foundation

Richmond, VA

PURPOSE: CAPITAL CAMPAIGN TO RENOVATE FORMER BENEDICTINE HIGH SCHOOL

$505,000
Bon Secours Richmond Health System

Richmond, VA

PURPOSE: MISSION SUPPORT

$451,000
The Community Foundation Inc

Richmond, VA

PURPOSE: GENERAL PURPOSES

$116,900
American Endowment Foundation

Hudson, OH

PURPOSE: GENERAL OPERATING SUPPORT

$100,000
Reco Foundation

Richmond, VA

PURPOSE: EDUCATING YOUNG PEOPLE OF LIMITED ECONOMIC MEANS

$78,750
Dominion Energy Charitable Foundation

Richmond, VA

PURPOSE: CREATE AND NAME A SCIENCE LABORATORY CLASSROOM IN THE FOUNDATIONS OF THE FUTURE CAPITAL CAMPAIGN

$50,000
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
Christ School Inc
Arden, NC
$22,399,762
Field School Inc
Washington, DC
$21,035,391
Lexington School Inc
Lexington, KY
$20,273,926
The Seed School Of Maryland Inc
Baltimore, MD
$18,646,195
Foxcroft School
Middleburg, VA
$10,560,576
St Davids School
Raleigh, NC
$17,520,873
Linsly School Incorporated
Wheeling, WV
$15,151,725
Randolph Macon Academy
Front Royal, VA
$14,186,434
Webb School
Bell Buckle, TN
$18,551,010
Chatham Hall
Chatham, VA
$20,472,226
American Hebrew Academy Inc
Greensboro, NC
$16,098,225
Edmund Burke School
Washington, DC
$16,691,149

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