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Nonprofiteer
← CRISTO REY NETWORK

Form 990 for tax year 2022

Filed by CRISTO REY NETWORK.

Totals

Total revenue
$20,019,253
Total expenses
$11,170,298
Contributions and grants received
$17,399,459
Grants paid
$4,344,105
Program service revenue
$2,326,529
Investment income
$292,487
Other revenue
$778
Total assets, end of year
$23,304,498
Total liabilities, end of year
$602,358
Net assets or fund balances, end of year
$22,702,140
Program services expenses (Part IX)
$10,066,855
Management and general expenses
$561,310
Fundraising expenses
$542,133
Program service expenses (Part III)
$10,066,855

Program services were 90.1% 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

    $17,399,459

  • 2a · Program service revenue: Membership Dues

    total $2,326,529 · related or exempt $2,326,529

  • 3 · Investment income

    total $452,781 · excluded $452,781

  • 7a · Gross sales of assets other than inventory

    securities $7,751,907

  • 7b · Less cost or other basis and sales expenses

    securities $7,912,201

  • 7c · Gain or loss

    securities -$160,294

  • 7d · Net gain or loss

    total -$160,294 · excluded -$160,294

  • 11d · All other revenue

    total $778 · excluded $778

  • 11e · Other revenue, total

    $778

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,153,855 · program services $4,153,855

  • 2 · Grants to domestic individuals

    total $190,250 · program services $190,250

  • 5 · Compensation of officers, directors and key employees

    total $392,008 · program services $314,586 · management and general $37,672 · fundraising $39,750

  • 7 · Other salaries and wages

    total $3,367,761 · program services $2,702,628 · management and general $323,642 · fundraising $341,491

  • 8 · Pension plan contributions

    total $109,989 · program services $88,266 · management and general $10,570 · fundraising $11,153

  • 9 · Other employee benefits

    total $207,340 · program services $166,391 · management and general $19,925 · fundraising $21,024

  • 11c · Fees: accounting

    total $36,156 · management and general $36,156

  • 11g · Fees: other

    total $970,774 · program services $970,774

  • 12 · Advertising and promotion

    total $56,084 · program services $17,111 · management and general $10,123 · fundraising $28,850

  • 13 · Office expenses

    total $23,467 · program services $18,832 · management and general $2,255 · fundraising $2,380

  • 14 · Information technology

    total $282,882 · program services $227,013 · management and general $27,185 · fundraising $28,684

  • 16 · Occupancy

    total $241,417 · program services $193,737 · management and general $23,200 · fundraising $24,480

  • 17 · Travel

    total $321,602 · program services $260,843 · management and general $33,846 · fundraising $26,913

  • 19 · Conferences, conventions and meetings

    total $747,400 · program services $706,947 · management and general $30,073 · fundraising $10,380

  • 23 · Insurance

    total $27,111 · program services $21,757 · management and general $2,605 · fundraising $2,749

  • 24a · Other expenses: Prof. Development

    total $39,737 · program services $31,889 · management and general $3,819 · fundraising $4,029

  • 24e · All other expenses

    total $2,465 · program services $1,976 · management and general $239 · fundraising $250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $610,201 · end of year $356,354

  • 2 · Savings and temporary cash investments

    beginning of year $331,032 · end of year $501,212

  • 3 · Pledges and grants receivable

    beginning of year $1,883,096 · end of year $6,407,745

  • 4 · Accounts receivable

    beginning of year $104,283 · end of year $186,239

  • 9 · Prepaid expenses and deferred charges

    beginning of year $42,683 · end of year $21,458

  • 11 · Investments: publicly traded securities

    beginning of year $10,665,279 · end of year $15,178,045

  • 15 · Other assets

    beginning of year $465,435 · end of year $653,445

  • 17 · Accounts payable and accrued expenses

    beginning of year $244,529 · end of year $372,290

  • 19 · Deferred revenue

    beginning of year $50,000 · end of year $45,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $185,068

  • 27 · Net assets without donor restrictions

    beginning of year $8,521,765 · end of year $9,213,294

  • 28 · Net assets with donor restrictions

    beginning of year $5,285,715 · end of year $13,488,846

Mission and programs · 2022

Mission

The Cristo Rey Network of high schools delivers a career focused, college preparatory education in the Catholic tradition for students with limited economic resources, uniquely integrating rigorous academic curricula with four years of professional work experience and support to and through college. We partner with educators, businesses and communities to enable students to fulfill their aspirations for a lifetime of success.

Activities or mission (Part I)

See Schedule O

  • The Cristo Rey Network is the only network of high schools in the country that integrate four years of rigorous college preparatory academics with four years of professional work experience through the Corporate Work Study Program. Comprised of 39 Catholic, career focused, college preparatory schools, the Cristo Rey Network delivers a powerful and innovative approach to education that equips students from families of limited economic means with the knowledge, character, and skills to achieve their aspirations. (See continuation on Schedule O)While Cristo Rey schools are locally owned and operated, the Cristo Rey Network national office protects the integrity of the movement and advances school excellence and innovation by:- Surfacing, scaling, and standardizing effective practices across all schools through professional development offerings, convenings, and consultation in academics, college enrollment and completion, Corporate Work Study Program, performance measurement, and governance;- Facilitating new school growth through development and implementation of a national growth plan and support for new schools;- Supporting mission accountability as defined by the Mission Effectiveness Standards through school evaluations and data analysis; and- Stewarding national branding, visibility, and fundraising.

    Expenses $10,066,855 · Grants $4,344,105 · Revenue $2,326,529

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

Listed in Part VII

  • Elizabeth Goettl

    President & CEO (Until 06/30/23)

    Total calculated
    $305,101
    From this org
    $272,747
    From related orgs
    $0
    Other
    $32,354
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $272,747
    Bonus
    $0
    Other
    $0
    Deferred
    $11,200
    Nontaxable benefits
    $21,154
    Filer's total
    $305,101

  • John O'Shea

    Board Chair

    Total calculated
    $0
    Hours/week
    2

  • Michael Bell

    Director

    Total calculated
    $0
    Hours/week
    1

  • JoAnn Chavez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kathy Cote

    Director

    Total calculated
    $0
    Hours/week
    1

  • Montanea Daniels

    Director

    Total calculated
    $0
    Hours/week
    1

  • James Gartland SJ

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jane E Genster

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sr Maryalyce Gilfeather

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tina Holland

    Director

    Total calculated
    $0
    Hours/week
    1

  • Thomas J Healey CFA

    Director

    Total calculated
    $0
    Hours/week
    1

  • Darren Jackson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Preston Kendall

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lauralyn Lee

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jose Madrid

    Director

    Total calculated
    $0
    Hours/week
    1

  • Barbara Marchini-Ellis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dan McCallin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Camille Naughton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Fr Thomas Neitzke SJ

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tom O'Connor

    Director

    Total calculated
    $0
    Hours/week
    1

  • James O'Sullivan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chris Perry

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joe Della Rosa

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christina Shea

    Director

    Total calculated
    $0
    Hours/week
    1

  • Leo Sheridan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Andy Stith

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jose Ubeda

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kelby Woodard

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bill Young

    Director

    Total calculated
    $0
    Hours/week
    1

  • Melissa Kinzler

    CFO, Treasurer, Dir. of HR

    Total calculated
    $61,781
    From this org
    $61,781
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Brian Melton

    SVP Ext. Rel., Gen. Counsel, Sec.

    Total calculated
    $213,197
    From this org
    $180,556
    From related orgs
    $0
    Other
    $32,641
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $180,556
    Bonus
    $0
    Other
    $0
    Deferred
    $7,790
    Nontaxable benefits
    $24,851
    Filer's total
    $213,197

  • Teri Johnson

    Chief Corporate Program Officer

    Total calculated
    $209,794
    From this org
    $184,615
    From related orgs
    $0
    Other
    $25,179
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $184,615
    Bonus
    $0
    Other
    $0
    Deferred
    $7,790
    Nontaxable benefits
    $17,389
    Filer's total
    $209,794

  • Brenda Morris

    Chief Advancement Officer

    Total calculated
    $162,100
    From this org
    $143,534
    From related orgs
    $0
    Other
    $18,566
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $143,534
    Bonus
    $0
    Other
    $0
    Deferred
    $5,843
    Nontaxable benefits
    $12,723
    Filer's total
    $162,100

  • Conor Heaton

    Dir. of School Growth

    Total calculated
    $159,914
    From this org
    $154,110
    From related orgs
    $0
    Other
    $5,804
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $154,110
    Bonus
    $0
    Other
    $0
    Deferred
    $5,804
    Nontaxable benefits
    $0
    Filer's total
    $159,914

  • Mary Kearney

    Chief Academic Officer

    Total calculated
    $152,865
    From this org
    $137,180
    From related orgs
    $0
    Other
    $15,685
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $137,180
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,685
    Filer's total
    $152,865

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

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
18 March 2024
IRS schema version
2022v5.0
Source object
202430809349300713

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

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