Cristo Rey Network
- Assets
- $14.1m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 26
- Location
- Chicago, IL
- Founding
- 02/2003
- Data as of
- 06/2022
- EIN
- 04-3730980
Organization Overview
Cristo Rey Network is located in Chicago, IL. The organization was established in 2003. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Cristo Rey Network employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cristo Rey Network 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 Network generated $11.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $10.0m during the year ending 06/2022. While expenses have increased by 18.7% per year over the past 7 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.
Since 2015, Cristo Rey Network has awarded 84 individual grants totaling $6,720,616. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE CRISTO REY NETWORK IS COMPRISED OF 38 LOCALLY OWNED AND OPERATED HIGH SCHOOLS. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Goettl President & CEO | OfficerTrustee | 55 | $257,403 |
Mary Kearney Chief Academic Officer | 45 | $165,432 | |
Brian Melton SVP Ext. Rel., Gen. Counsel, Sec. | 45 | $162,280 | |
Conor Heaton Dir. Of School Growth | 45 | $141,135 | |
Mark Bazin Chief Technology Officer | 45 | $133,087 | |
Michael Heidkamp Dir. Of Leadership Dev. & Support | 45 | $127,441 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rush Neurobehavior Academic Consulting | 6/29/22 | $271,500 |
Mendoza College Of Business Professional Development | 6/29/22 | $282,873 |
Silicon Valley Mathematics Initiative Academic Consulting | 6/29/22 | $177,830 |
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 | $9,516,436 |
| Noncash contributions included in lines 1a–1f | $57,868 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,516,436 |
| Total Program Service Revenue | $2,080,094 |
| Investment income | $273,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$175,574 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,695,592 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,159,988 |
| Grants and other assistance to domestic individuals. | $151,344 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $331,138 |
| Compensation of current officers, directors, key employees. | $42,255 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,400,766 |
| Pension plan accruals and contributions | $90,316 |
| Other employee benefits | $169,717 |
| Payroll taxes | $189,324 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,177 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,065,260 |
| Advertising and promotion | $69,079 |
| Office expenses | $96,900 |
| Information technology | $284,458 |
| Royalties | $0 |
| Occupancy | $188,182 |
| Travel | $227,253 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $495,165 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $34,564 |
| All other expenses | $472 |
| Total functional expenses | $10,017,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $610,201 |
| Savings and temporary cash investments | $331,032 |
| Pledges and grants receivable | $1,883,096 |
| Accounts receivable, net | $104,283 |
| 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 | $42,683 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,665,279 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $465,435 |
| Total assets | $14,102,009 |
| Accounts payable and accrued expenses | $244,529 |
| Grants payable | $0 |
| Deferred revenue | $50,000 |
| 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 | $294,529 |
| Net assets without donor restrictions | $8,521,765 |
| Net assets with donor restrictions | $5,285,715 |
| 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 | $14,102,009 |
Grants Awarded
Over the last fiscal year, Cristo Rey Network has awarded $3,961,068 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
CRISTO REY RESEARCH TRIANGLE HIGH SCHOOL (RALEIGH) PURPOSE: General Support | $676,844 |
Brooklyn, NY PURPOSE: General Support | $356,938 |
Chicago, IL PURPOSE: General Support | $203,720 |
Fort Worth, TX PURPOSE: General Support | $169,815 |
Chicago, IL PURPOSE: General Support | $150,504 |
Tucson, AZ PURPOSE: General Support | $129,489 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Cristo Rey Network has recieved totaling $115,000.
| Awarding Organization | Amount |
|---|---|
Sandor Foundation Chagrin Falls, OH PURPOSE: GENERAL FUND | $50,000 |
The Crimsonbridge Foundation Inc Washington, DC PURPOSE: COLLEGE SUCCESS - GRADFORCE DEVELOPMENT PROJECT | $40,000 |
Kiefer Charitable Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $20,000 |
Robert E Dods Family Foundation Longboat Key, FL PURPOSE: GENERAL OPERATIONS | $5,000 |
Endowment Analysis
| Beg. Balance | $1,230,037 |
| Earnings | -$53,231 |
| Net Contributions | $1,374,586 |
| Ending Balance | $2,551,392 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Voluntary Interdistrict Choice Corporation Saint Louis, MO | $12,736,595 | $40,180,054 |
Northern School District Tr Nsdt Ashland, WI | $7,100,055 | $19,700,380 |
Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee Des Moines, IA | $75,894,378 | $21,812,028 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Cristo Rey Network Chicago, IL | $14,102,009 | $11,695,592 |
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
P E O Foundation Des Moines, IA | $140,487,423 | $16,863,604 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Holy Family Ministries Chicago, IL | $16,241,007 | $8,503,495 |
Middlebury Community Schools Employee Benefit Trust Middlebury, IN | $1,426,617 | $4,992,187 |