CRISTO REY DALLAS CORPORATE WORK STUDY PRGM

EIN: 471851947 501(c)(3) Education

DALLAS, TX

Total Revenue
$4,432,135
Total Expenses
$3,827,273
Total Assets
$3,985,508
Net Assets
$3,904,427
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
TX
Principal Officer
Patrick M Walsh
Phone
4698447956
Tax Period
2022-07-01 to 2023-06-30

CRISTO REY DALLAS CORPORATE WORK STUDY PRGM, founded in 2014, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2022. Expenses of $3.8M left a modest 14% surplus.

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

Program Service Accomplishments

Program 1
Expenses: $3,733,769 Revenue: $4,185,705

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...

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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.

Program 2

NONE

Program 3

NONE

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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 $246,430
Program Service Revenue $4,176,301
Investment Income $0
Other Revenue $9,404
TOTAL REVENUE $4,432,135

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,066,298
Fundraising Expenses $0
Program Expenses $3,733,769
Other Expenses $2,760,975
TOTAL EXPENSES $3,827,273

Year-over-Year Comparison

2022 2021 Change
Revenue $4,432,135 $4,203,799 +0.1%
Expenses $3,827,273 $3,614,918 +0.1%
Net Income $604,862 $588,881 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
26
Independent Members
25
Employees
54
Volunteers
15

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
7
$532,232
Total Directors
26
$15,710
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Patrick Walsh President 20.0
Officer
$0 $0 $139,869
NIVEA TORRES PRINCIPAL 0.0
Officer
$0 $0 $132,347
Abigail Hoak-Morton ED of Development and CWSP 20.0
Officer
$0 $0 $120,649
Caroline Bergonia Director of Finance and HR 0.0
Officer
$0 $0 $107,945
Kip Kernodle CFO 4.0
Officer
$0 $15,712 $15,712
PATRICK COX BOARD CHAIR 4.0
Officer Director
$0 $15,710 $15,710
Richard Joyner BOARD MEMBER 1.0
Director
$0 $0 $0
Michael Earsing BOARD MEMBER 1.0
Director
$0 $0 $0
Raul Estrada BOARD MEMBER 1.0
Director
$0 $0 $0
Jack Fraker BOARD MEMBER 1.0
Director
$0 $0 $0
Bill Keffler BOARD MEMBER 1.0
Director
$0 $0 $0
Mary Terry BOARD MEMBER 1.0
Director
$0 $0 $0
Cheryl Joyner BOARD MEMBER 1.0
Director
$0 $0 $0
win bell board member 1.0
Director
$0 $0 $0
Mary Blake Meadows board member 1.0
Director
$0 $0 $0
DAN MOEN BOARD MEMBER 1.0
Director
$0 $0 $0
SR MARY ANN OWENS SSND BOARD MEMBER 1.0
Director
$0 $0 $0
SCOTT MOORE BOARD MEMBER 1.0
Director
$0 $0 $0
SCOTTIE BREAULT BOARD MEMBER 1.0
Director
$0 $0 $0
MICHELLE VOPNI BOARD MEMBER 1.0
Director
$0 $0 $0
CHRIS POPOLO BOARD MEMBER 1.0
Director
$0 $0 $0
PHIL PUCKETT BOARD MEMBER 1.0
Director
$0 $0 $0
FR JOSHUA WHITFIELD BOARD MEMBER 1.0
Director
$0 $0 $0
CANDACE WINSLOW BOARD MEMBER 1.0
Director
$0 $0 $0
Antonion Carrillo BOARD MEMBER 1.0
Director
$0 $0 $0
Hilda Galvan BOARD MEMBER 1.0
Director
$0 $0 $0
Dr Christopher Madden BOARD MEMBER 1.0
Director
$0 $0 $0
Brian Melton BOARD MEMBER 1.0
Director
$0 $0 $0
David Meyer BOARD MEMBER 1.0
Director
$0 $0 $0
Barbara Moroney BOARD MEMBER 1.0
Director
$0 $0 $0
Gerry Reihsen BOARD MEMBER 1.0
Director
$0 $0 $0
JASON LUQUE Director of Finance and HR 0.0
Officer
$0 $0 $0
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 $4,432,135 $3,827,273 $3,985,508 $604,862
2022 $4,203,799 $3,614,918 $3,549,092 $588,881
2021 $3,818,198 $3,463,023 $3,056,520 $355,175
2020 $4,482,890 $3,796,319 $2,543,053 $686,571
2019 $4,659,518 $3,635,925 $1,815,342 $1,023,593
2018 $3,107,816 $2,738,370 $891,705 $369,446
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