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← CRISTO REY DALLAS CORPORATE WORK STUDY PROGRAM INC

Form 990 for tax year 2022

Filed by CRISTO REY DALLAS CORPORATE WORK STUDY PROGRAM INC.

Totals

Total revenue
$4,432,135
Total expenses
$3,827,273
Contributions and grants received
$246,430
Grants paid
$0
Program service revenue
$4,176,301
Investment income
$0
Other revenue
$9,404
Total assets, end of year
$3,985,508
Total liabilities, end of year
$81,081
Net assets or fund balances, end of year
$3,904,427
Program services expenses (Part IX)
$3,733,769
Management and general expenses
$93,504
Fundraising expenses
$0
Program service expenses (Part III)
$3,733,769

Program services were 97.6% 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.

  • 1f · All other contributions, gifts and grants

    $246,430

  • 2a · Program service revenue: FEE FOR SERVICE INCOME

    total $4,161,641 · related or exempt $4,161,641

  • 2b · Program service revenue: STUDENT WORKER FEES

    total $14,660 · related or exempt $14,660

  • 3 · Investment income

    total $0

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

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 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

  • 11a · Other revenue: MISC. INCOME

    total $9,404 · related or exempt $9,404

  • 11e · Other revenue, total

    $9,404

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 $845,727 · program services $771,565 · management and general $74,162

  • 8 · Pension plan contributions

    total $19,980 · program services $18,228 · management and general $1,752

  • 9 · Other employee benefits

    total $134,222 · program services $122,452 · management and general $11,770

  • 10 · Payroll taxes

    total $66,369 · program services $60,549 · management and general $5,820

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $14,937 · program services $14,937

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $17,175 · program services $17,175

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $1,470 · program services $1,470

  • 14 · Information technology

    total $49,460 · program services $49,460

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $141,990 · program services $141,990

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total -$11,523 · program services -$11,523

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $30,950 · program services $30,950

  • 23 · Insurance

    total $0

  • 24a · Other expenses: QEAP EXPENSE

    total $2,163,000 · program services $2,163,000

  • 24b · Other expenses: REPAIR & MAINTENANCE

    total $198,545 · program services $198,545

  • 24c · Other expenses: TRANSPORTATION-CWSP

    total $81,767 · program services $81,767

  • 24d · Other expenses: PARTNERSHIP STEWARDSHIP EVENT

    total $26,706 · program services $26,706

  • 24e · All other expenses

    total $46,498 · program services $46,498

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,044,822 · end of year $1,146,658

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $100,200 · end of year $0

  • 4 · Accounts receivable

    beginning of year $450,098 · end of year $395,669

  • 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 $17,741 · end of year $0

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

    $250,147

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

    $61,900

  • 10c · Land, buildings and equipment, net

    beginning of year $219,197 · end of year $188,247

  • 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 $717,034 · end of year $2,254,934

  • 17 · Accounts payable and accrued expenses

    beginning of year $70,402 · end of year $42,581

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $179,125 · end of year $38,500

  • 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 $0 · end of year $0

  • 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 $3,299,565 · end of year $3,904,427

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

THE MISSION OF CRISTO REY DALLAS WORK STUDY PROGRAM IS TO PROVIDE PROFESSIONAL CORPORATE AND NONPROFIT WORK EXPERIENCE AND CAREER EXPLORATION TO THE 400+ STUDENTS OF CRISTO REY DALLAS COLLEGE PREP, A COLLEGE PREPARATORY HIGH SCHOOL DESIGNED TO SERVE THE UNIQUE NEEDS OF ECONOMICALLY DISADVANTAGED STUDENTS, 99% OF WHOM ARE STUDENTS OF COLOR. EMPLOYER-PAID FEES FROM THIS PROGRAM ANNUALLY UNDERWRITE 60% OF THE SCHOOL'S OPERATING EXPENSES AND ALLOW US TO PROVIDE A COLLEGE PREPARATORY EDUCATION FOR ONLY $100/MONTH IN FAMILY TUITION. CRISTO REY'S INNOVATIVE CORPORATE WORK STUDY PROGRAM (CWSP) COMPLEMENTS THE SCHOOL'S ACADEMIC RIGOR, PROVIDING STUDENTS WITH PROFESSIONAL SKILL BUILDING AND CAREER EXPLORATION IN A SUPPORTIVE ENVIRONMENT. ALL CRISTO REY DALLAS STUDENTS WORK AT SALARIED POSITIONS FIVE DAYS PER MONTH AT MORE THAN 170 DALLAS COMPANIES AND NONPROFITS, INCLUDING AT&T, CHILDREN'S HEALTH, DELOITTE, THE DALLAS HOLOCAUST MUSEUM, AND MANY OTHERS; THEIR ACADEMIC SCHEDULES ARE STRUCTURED SO

Activities or mission (Part I)

The mission of Cristo Rey Dallas Work Study Program is to provide professional corporate and nonprofit work experience and career exploration to the 400+ students of CRD.

  • Each year, the Corporate Work Study Program at Cristo Rey Dallas College Prep serves more than 400 students, 99% of whom are students of color and 94% of whom have family incomes within 250% of the federal poverty line. The program provides these students with vital access to new career paths, empowers each of them to develop long-term academic and professional goals, and resources them with the tools and experience they need to achieve their aspirations. Specifically, the corporation partnered with 120 local businesses to provide work study jobs for each of Cristo Rey Dallas High School, Inc's 421 students during the year ended June 30, 2022. Through these efforts, the corporation was able to provide tuition assistance via Qualified Education Assistance Place ("QEAP") in the amount of $2,209,20 0 Students begin the program each August with the three-week VIVA! training camp, where they learn about and prepare for a professional workplace. Upon completion, students are placed in teams of four, each working one full business day weekly throughout the school year and rotating Fridays at premiere Dallas companies and nonprofit organizations. Through this unique program design, each student team fulfills one full-time, entry level job role. Each year, every student accumulates more than 400 hours of hands-on work experience and receives ongoing feedback from their supervisors. Outside their job roles, students also attend a regular "Preparedness for the Modern Workplace" course, where they learn additional hard and soft skills such as elevator pitches, feedback and goal-setting, accounting basics (taught by Deloitte), and professional networking to aid them in their work study positions. In 2021-2022, we continued to add new job partners, including Sewell Automotive Companies, Vistra Corp, Foley & Lardner LLP, Sun Holdings, Inc., and Origin Bank. Our job partners and students also embraced the growth of remote co-working across all industry sectors, with approximately 20 students utilizing the school's exciting new Cityplace Tower space for remote CWSP work each day. Annually, 97%+ of job partners rate their students as meeting or exceeding their expectations, and they rave about the value their student workers provide: -"Kristina should be recognized every day. She is intelligent, hardworking, and takes initiative. A specific recognition for Kristina is that she assisted Alicia Allred in a project for our CEO." -"Partnering with the Cristo Rey student program has been a great resource for our marketing efforts and external communications. Each year the students have been able to bring a fresh perspective to our team, detailed market research, and offer new insights on how social media can be further utilized to reach our target audience." -"On Maliha's second day of work, we hosted all of our executives across the nation in our office. She was immediately ready to jump in and was a huge help!!! She is so detail oriented and we feel like everything we give her is done thoroughly. We can trust her with so much more than we could have ever hoped for. She is a joy to work with, and she is always taking the lead to look for more opportunities to help out!" Ultimately, the program's highly resourced and supportive environment is truly a transformational opportunity for area students. In nearby public schools, student post-secondary achievement lags far behind state averages. Just under 50% of Pleasant Grove students enroll in college, and fewer than 10% go on to complete a degree. In contrast, at CRD, more than 90% of graduates go on to enroll in college. Nationally, Cristo Rey Network alumni are nearly FIVE TIMES more likely to complete their degree than those attending a Pleasant Grove public high school. Of those, nearly 95% will be the first in their families to attain a degree. This is system-level change in action.

    Expenses $3,733,769 · Revenue $4,185,705

  • NONE

  • NONE

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Patrick Walsh

    President

    Total calculated
    $139,869
    From this org
    $0
    From related orgs
    $139,869
    Other
    $0
    Hours/week
    20 + 21 related

  • NIVEA TORRES

    PRINCIPAL

    Total calculated
    $132,347
    From this org
    $0
    From related orgs
    $132,347
    Other
    $0
    Hours/week
    0 + 40 related

  • Abigail Hoak-Morton

    ED of Development and CWSP

    Total calculated
    $120,649
    From this org
    $0
    From related orgs
    $120,649
    Other
    $0
    Hours/week
    20 + 20 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
    0 + 41 related

  • Kip Kernodle

    CFO

    Total calculated
    $15,712
    From this org
    $0
    From related orgs
    $0
    Other
    $15,712
    Hours/week
    4 + 4 related

  • PATRICK COX

    BOARD CHAIR

    Total calculated
    $15,710
    From this org
    $0
    From related orgs
    $0
    Other
    $15,710
    Hours/week
    4 + 4 related

  • Richard Joyner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Earsing

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Raul Estrada

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jack Fraker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bill Keffler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mary Terry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Cheryl Joyner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • win bell

    board member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mary Blake Meadows

    board member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAN MOEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SR MARY ANN OWENS SSND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SCOTT MOORE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SCOTTIE BREAULT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHELLE VOPNI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHRIS POPOLO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PHIL PUCKETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • FR JOSHUA WHITFIELD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CANDACE WINSLOW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Antonion Carrillo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Hilda Galvan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dr Christopher Madden

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brian Melton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Meyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Barbara Moroney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gerry Reihsen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JASON LUQUE

    Director of Finance and HR

    Total calculated
    $0
    Hours/week
    0 + 41 related

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
202421369349318432

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