Cristo Rey Dallas Academic Center
- Assets
- $24.0m
- Revenue
- $187.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/2017
- Data as of
- 06/2021
- EIN
- 81-4493445
Organization Overview
Cristo Rey Dallas Academic Center is located in Dallas, TX. The organization was established in 2017. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cristo Rey Dallas Academic Center 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 06/2021, Cristo Rey Dallas Academic Center generated $187.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.6% each year . All expenses for the organization totaled $534.8k during the year ending 06/2021. While expenses have increased by 16.0% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED AND OPERATED TO CARRY OUT THE PURPOSES OF CRISTO REY DALLAS HIGH SCHOOL, INC., WHICH IS COMMITTED TO PROVIDING A COLLEGE PREPARATORY SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRISTO REY DALLAS ACADEMIC CENTER (CRDAC) HOLDS PROPERTY USED BY THE ORGANIZATION THAT IT SUPPORTS, CRISTO REY DALLAS HIGH SCHOOL, IN ITS MISSION OF PROVIDING STUDENTS FROM UNDERSERVED COMMUNITIES A COLLEGE PREPARATORY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy St Clair Director Of Finance | Officer | 1 | $0 |
Kip Kernodle CFO | Officer | 1 | $0 |
Michael Mendoza President | Officer | 1 | $0 |
Graham Sones Board Member | Trustee | 1 | $0 |
Laura Einspanier Board Member | Trustee | 1 | $0 |
Raul Estrada Board Member | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $187,902 |
| 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 | $187,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,353 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $297,978 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $220,576 |
| Insurance | $0 |
| All other expenses | -$3,566 |
| Total functional expenses | $534,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,029,817 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,350 |
| 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 | $0 |
| Net Land, buildings, and equipment | $21,919,768 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,011,935 |
| Accounts payable and accrued expenses | $1,007,080 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $25,570,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $26,577,080 |
| Net assets without donor restrictions | -$2,565,145 |
| Net assets with donor restrictions | $0 |
| 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 | $24,011,935 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cristo Rey Dallas Academic Center has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Kelly Family Foundation Newtown, CT PURPOSE: UNRESTRICTED 501(C)(3) | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Little Scholars Of Arkansas Foundation Little Rock, AR | $55,916,312 | $35,033,452 |
University Co-Operative Society Austin, TX | $15,693,237 | $9,178,990 |
Louisiana Achievement Charter Academies Inc Baton Rouge, LA | $3,478,598 | $15,099,695 |
New Schools For New Orleans Inc New Orleans, LA | $13,416,454 | $13,527,972 |
Texas Childrens Womens Specialists Houston, TX | $84,810,627 | $8,522,353 |
Child Care Plus Training & Development Center Inc Montgomery, TX | $1,071,793 | $6,895,362 |
Naca-Inspired Schools Network Albuquerque, NM | $4,333,179 | $4,644,398 |
Unizin Ltd Austin, TX | $2,802,799 | $4,764,216 |
Sss Education Foundation Mesquite, TX | $79,366,180 | $3,445,001 |
Carruth Center Inc Houston, TX | $315,119 | $4,215,286 |
E-Stem Public Charter Schools Inc Little Rock, AR | $15,935,823 | $3,314,304 |
Texas Association For The Education Of Young Children Austin, TX | $635,523 | $2,896,226 |