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Nonprofiteer
← CRISTO REY DALLAS ACADEMIC CENTER

Form 990 for tax year 2022

Filed by CRISTO REY DALLAS ACADEMIC CENTER.

Totals

Total revenue
$249,287
Total expenses
$956,546
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$249,287
Total assets, end of year
$21,741,216
Total liabilities, end of year
$25,656,385
Net assets or fund balances, end of year
-$3,915,169
Program services expenses (Part IX)
$944,046
Management and general expenses
$12,500
Fundraising expenses
$0
Program service expenses (Part III)
$944,045

Program services were 98.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $249,287

  • 6c · Rental income or loss

    real property $249,287 · personal property $0

  • 6d · Net rental income or loss

    total $249,287 · excluded $249,287

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $12,500 · management and general $12,500

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $7,824 · program services $7,824

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $297,978 · program services $297,978

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $638,244 · program services $638,244

  • 23 · Insurance

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,047,284 · end of year $736,805

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $22,794,766

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,024,753

  • 10c · Land, buildings and equipment, net

    beginning of year $21,505,554 · end of year $20,770,013

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $35,000 · end of year $234,398

  • 17 · Accounts payable and accrued expenses

    beginning of year $225,748 · end of year $86,385

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $25,570,000 · end of year $25,570,000

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$3,207,910 · end of year -$3,915,169

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

CRISTO REY DALLAS COLLEGE PREP (CRISTO REY DALLAS) IS A COLLEGE PREPARATORY HIGH SCHOOL FOR STUDENTS FROM HOUSEHOLDS OF LOW TO MODERATE INCOMES. CRISTO REY DALLAS NURTURES AND CHALLENGES YOUNG WOMEN AND MEN TO RECOGNIZE AND REALIZE THEIR FULL POTENTIAL AS THEY GROW TO RESPECT OTHERS AND SERVE THEIR COMMUNITY. EACH STUDENT PARTICIPATES IN THE CORPORATE WORK STUDY PROGRAM, WHICH OFFERS A PRESTIGIOUS WEEKLY WORK STUDY EXPERIENCE ACROSS ALL FOUR YEARS, AND RECEIVES INDIVIDUALIZED COLLEGE GUIDANCE AND MENTAL HEALTHCARE. EACH YEAR, STUDENTS EARN APPROXIMATELY 60% OF THEIR TUITION THROUGH THE CORPORATE WORK STUDY PROGRAM (CWSP). ANOTHER 30% IS CONTRIBUTED THROUGH COMMUNITY PHILANTHROPIC SUPPORT, WHICH MAKES IT POSSIBLE TO DELIVER A CRISTO REY EDUCATION FOR ONLY $100/MONTH IN FAMILY TUITION. CRISTO REY DALLAS COLLEGE PREP PROVIDES A HIGH-QUALITY, COLLEGE PREPARATORY EDUCATION EXCLUSIVELY TO ECONOMICALLY DISADVANTAGED STUDENTS LIVING IN SOUTHEAST DALLAS COMMUNITIES, THE VAST MAJORITY OF WHOM AR

Activities or mission (Part I)

Cristo Rey Dallas Academic Center is the entity that owns and leases the buildings used by Cristo Rey Dallas College Prep High School and its separate Corporate Work Study Program

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $944,045

As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Patrick Walsh

    PRESIDENT

    Total calculated
    $139,869
    From this org
    $0
    From related orgs
    $139,869
    Other
    $0
    Hours/week
    1 + 40 related

  • Caroline Bergonia

    DIRECTOR OF FINANCE AND HR

    Total calculated
    $107,945
    From this org
    $0
    From related orgs
    $107,945
    Other
    $0
    Hours/week
    1 + 40 related

  • Kip Kernodle

    CFO

    Total calculated
    $15,712
    From this org
    $0
    From related orgs
    $0
    Other
    $15,712
    Hours/week
    1 + 8 related

  • Raul Estrada

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Tom McNearney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chuck Meadows

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Graham Sones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kathy St Clair

    Director of Finance and HR

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349319334

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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