CRISTO REY BROOKLYN CORPORATE WORK STUDY PROGRAM INC

EIN: 262989325 501(c)(3) Education

BROOKLYN, NY

Total Revenue
$1,498,037
Total Expenses
$1,438,533
Total Assets
$150,629
Net Assets
$59,504
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NY
Principal Officer
WILLIAM P HENSON
Phone
7184553555
Tax Period
2022-07-01 to 2023-06-30

CRISTO REY BROOKLYN CORPORATE WORK STUDY PROGRAM INC, founded in 2008, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2022. Expenses of $1.4M left a modest 4% surplus.

Mission

CRISTO REY BROOKLYN CORPORATE WORK STUDY PROGRAM PROVIDES STUDENTS WITH A LIFE-CHANGING OPPORTUNITY TO WORK AND EARN APPROXIMATELY 50% OF THE COST OF THEIR EDUCATION. THIS EXPERIENCE IS AN ESSENTIAL PART OF THEIR EDUCATION AND GROWTH. IT ENABLES STUDENTS TO DIRECTLY CONTRIBUTE TO THE COST OF THEIR EDUCATION WHILE EXPOSING THEM TO THE WORLD OF WORK, ACQUIRE INVALUABLE HARD SKILLS, AND IMPRINTS THE VALUES OF WORK ETHIC, RESPONSIBILITY, AND AMBITION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $40,000
Program Service Revenue $1,451,600
Investment Income $0
Other Revenue $6,437
TOTAL REVENUE $1,498,037

Expense Breakdown

Grants Paid $973,006
Salaries & Benefits $0
Fundraising Expenses $10,745
Program Expenses $1,356,287
Other Expenses $465,527
TOTAL EXPENSES $1,438,533

Year-over-Year Comparison

2022 2021 Change
Revenue $1,498,037 N/A N/A
Expenses $1,438,533 N/A N/A
Net Income $59,504 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
18
Employees
N/A
Volunteers
24

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$229,097
Total Directors
25
$120,673
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM HENSON PRESIDENT EXECUTIVE OFFICER, EFF. 07/2022 1.00
Officer Director
$0 $11,673 $120,673
PAUL SCARIANO CHAIRMAN, EFF. 10/2022 1.00
Officer Director
$0 $0 $0
ROBERT CATELL CHAIRMAN, THRU 10/2022 1.00
Officer Director
$0 $0 $0
CATHERINE FLAX VICE CHAIR 1.00
Director
$0 $0 $0
IAN RUDDLE TREASURER, THRU 09/2022 1.00
Officer Director
$0 $0 $0
DANIEL GEOGHAN SECRETARY 1.00
Director
$0 $0 $0
ERIC M HELLIGE SECRETARY, THRU 09/2022 1.00
Officer Director
$0 $0 $0
MICHAEL BASTON BOARD MEMBER 1.00
Director
$0 $0 $0
NICHOLAS CAIAZZO BOARD MEMBER 1.00
Director
$0 $0 $0
SISTER ELIZABETH CALFAPIETRA BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER FEBLES BOARD MEMBER 1.00
Director
$0 $0 $0
FR SEAN HAGERTY SJ BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW T HUGHES BOARD MEMBER, THRU 09/2022 1.00
Director
$0 $0 $0
MARTIN ESTEVERENA BOARD MEMBER, THRU 08/2022 1.00
Director
$0 $0 $0
THOMAS F FLOOD BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN FOLEY BOARD MEMBER, THRU 09/2022 1.00
Director
$0 $0 $0
JOSEPH GUATELLA BOARD MEMBER 1.00
Director
$0 $0 $0
VINCENT LEVIEN BOARD MEMBER 1.00
Director
$0 $0 $0
JOAN MURPHY BOARD MEMBER 1.00
Director
$0 $0 $0
TED PETRONE BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN J SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT SUMBERAC BOARD MEMBER 1.00
Director
$0 $0 $0
WALTER VOYTUS BOARD MEMBER 1.00
Director
$0 $0 $0
MARK WILLIS BOARD MEMBER 1.00
Director
$0 $0 $0
TERRY YARDE BOARD MEMBER 1.00
Director
$0 $0 $0
IVAN CHARLES DIRECTOR OF OPERATIONS 1.00
Officer
$0 $969 $108,424
WILLIAM FORD FORMER PRESIDENT/EXECUTIVE OFFICER 0.00
$0 $21,170 $83,183
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,498,037 $1,438,533 $150,629 $59,504
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