Cristo Rey Network

“The cristo rey network is comprised of 40 high schools that provide a quality, catholic, college preparatory education to urban young people who live in communities with limited educational options.”

“The cristo rey network schools elect the majority of the members of the board.”

“The finance committee (committee of the board) is responsible for selection of an independent accountant, oversight of the audit and review of the financial statements and form 990. The finance committee reviews the form 990 and then distributes to the full board for their review prior to filing with the internal revenue service.”

“Internal control policies are designed to bring any conflict of interest that may arise in relations of directors, officers and management employees to management's attention. Any conflict of interest that is identified is disclosed to the board. The board then determines whether a conflict exists and is material, and in the presence of an existing material conflict, whether the contemplated transaction may be authorized as just, fair and reasonable to cristo rey network.”

“In establishing and reviewing the compensation for the organization's ceo and other highly compensated employees, the cristo rey network board compiles and reviews compensation data available from public sources (including 990s) paid by organizations of comparable size and scope to employees of comparable title and role. The finance committee conducts such reviews annually as part of the budgeting process and the executive committee does so periodically when determining compensation for new leadership. The process is subject to contemporaneous documentation.”

“Cristo rey network governing documents, conflict of interest policy and financial statements are available upon request through the cristo rey network website. The financial statements are included in the hard copy annual report brochure which is made available to the public. The aforementioned documents and statements are available for the same period of disclosure as set forth in irc section 6104(d).”

“While cristo rey schools are locally owned and operated, the cristo rey network national office protects the integrity of the movement andadvances 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.”

“Change in value of life insurance policy 948. Pass-through sponsorships not yet remitted -115,348.”

“The process has not changed from prior years.”