Civic Intelligence

Cristo Rey Work Study Program Inc

990 • Fiscal year 2015 • EIN 26-3739361

Jul 01, 2014 to Jun 30, 2015 • Filed on May 05, 2016

6700 Mount Carmel StreetHouston, TX 77087

(281) 501-1298

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.54x

Higher debt load relative to assets than 80% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

44th percentile

0.08x

Higher debt load relative to revenue than 44% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

48th percentile

2.0%

Higher net margin than 48% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

93rd percentile

69%

Faster asset growth than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

58th percentile

6.5%

Faster revenue growth than 58% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$437,454

Up $178,542 (+69%) from 2014

Net Assets

Up

$200,545

Up $68,311 (+52%) from 2014

Liabilities

Up

$236,909

Up $110,231 (+87%) from 2014

Revenue

Up

$2,933,403

Up $179,450 (+6.5%) from 2014

Expenses

Up

$2,874,022

Up $70,712 (+2.5%) from 2014

Net Income

Up

$59,381

Up $108,738 (+220%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2013: $340,680Liabilities 2013: $157,317Net Assets 2013: $183,3632013Assets 2014: $258,912Liabilities 2014: $126,678Net Assets 2014: $132,2342014Assets 2015: $437,454Liabilities 2015: $236,909Net Assets 2015: $200,5452015Assets 2016: $184,120Liabilities 2016: $256,592Net Assets 2016: -$72,4722016Assets 2017: $188,479Liabilities 2017: $220,204Net Assets 2017: -$31,7252017Assets 2019: $523,848Liabilities 2019: $220,348Net Assets 2019: $303,5002019Assets 2020: $866,961Liabilities 2020: $252,127Net Assets 2020: $614,8342020Assets 2021: $629,774Liabilities 2021: $308,986Net Assets 2021: $320,7882021Assets 2022: $1,072,438Liabilities 2022: $219,327Net Assets 2022: $853,1112022

Highlighted filing

2015

Assets$437,454
Liabilities$236,909
Net Assets$200,545

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2013: $2,056,2042013Revenue 2014: $2,753,953Expenses 2014: $2,803,310Net Income 2014: -$49,3572014Revenue 2015: $2,933,403Expenses 2015: $2,874,022Net Income 2015: $59,3812015Revenue 2016: $3,068,397Expenses 2016: $3,344,513Net Income 2016: -$276,1162016Revenue 2017: $3,204,050Expenses 2017: $3,163,303Net Income 2017: $40,7472017Revenue 2019: $3,689,997Expenses 2019: $3,519,270Net Income 2019: $170,7272019Revenue 2020: $3,644,937Expenses 2020: $3,333,603Net Income 2020: $311,3342020Revenue 2021: $2,233,935Expenses 2021: $2,527,981Net Income 2021: -$294,0462021Revenue 2022: $2,831,279Expenses 2022: $2,298,956Net Income 2022: $532,3232022

Highlighted filing

2015

Revenue$2,933,403
Expenses$2,874,022
Net Income$59,381
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 5, 2016
Return Version
2014v6.0
Gross Receipts
$2,933,403
Mission and Program Overview

Mission

The Work Study Program and Jesuit Cristo Rey High School of Houston (aka Cristo Rey Jesuit College Preparatory School) operate together as a coordinated program which combines personal responsibility, academic rigor and a corporate work-study program to empower students of all faiths from economically challenged families to reach their full potential.

The Work Study Program provides the students of Jesuit Cristo Rey High School of Houston (aka Cristo Rey Jesuit College Prep School) valuable employment training and on-the-job experience in addition to enabling the students to defray the cost of their education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$137,083$327,847▲ $190,764
Accounts Receivable$121,829$101,847▼ $19,982
Prepaid Expenses and Deferred Charges-$7,760-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$258,912$437,454▲ $178,542
Other Assets Total-$0-
Liabilities
Other Liabilities$97,616$231,265▲ $133,649
Deferred Revenue$29,000--
Accounts Payable and Accrued Expenses$62$5,644▲ $5,582
Total Liabilities$126,678$236,909▲ $110,231
Net Assets / Fund Balance
Unrestricted Net Assets$132,234$200,545▲ $68,311
Total Net Assets Fund Balance$132,234$200,545▲ $68,311
Total Liabilities and Net Assets / Fund Balance$258,912$437,454▲ $178,542
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregory MeyersExecutive DirectorFT$94,291$5,300$99,591
Lori HesselSec/TreasPT-$78,541$78,541
Paul PosoliPresidentPT-$12,161$12,161

Board Members and Trustees

NameTitle
Frances Huete SJPresident
Jeff Johnson SJTrustee
Tom Green SJTrustee
Tony McGinn SJTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$8,275
Program Service Revenue
$2,925,128
Investment Income
$0
Other Revenue
$0
All Other Contributions
$8,275
Change in Net Assets
$59,381
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,000,000
Salaries, Compensation, and Employee Benefits$670,654
Other Expenses$203,368
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,000,000--$2,000,000
Other Salaries and Wages$499,494--$499,494
Current Officers, Directors, Trustees, and Key Employees$49,796$49,795-$99,591
Payroll Taxes$40,879$3,921-$44,800
Pension Plan Contributions$26,769--$26,769
Fees for Services Other$7,117--$7,117
Other Expenses$3,660$27,207-$3,660
Fees for Services Accounting$2,200--$2,200
Travel$1,490--$1,490
Conferences and Meetings$990--$990
All Other Expenses$320--$320
Office Expenses$120$119-$239
Total Functional Expenses$2,792,980$81,042$0$2,874,022
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Jesuit Cristo Rey HS of HousHouston, TX501(c)(3)Tuition Assistance$2,000,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to affiliate$231,265
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 is reviewed by the Finance Committee. A copy is provided to the Board prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All board members have received a copy of the conflict of interest policy and have signed an acknowledgement stating that they have read and agreed to the policy. The conflict of interest is reviewed on an annual basis with the Board.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Budget Committee reviews salaries annually. The committee compares salaries with the Cristo Rey Network, the Jesuit Schools Network and the local school districts. The salary increases are documented as part of the budget process and the employees are notified by a written letter of their increase in compensation.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

All compensation is compared to the Cristo Rey Network salary scales.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon request.

Filing and Contact Details

Filer

Filer Name
Cristo Rey Work Study Program Inc
EIN
26-3739361
Phone
2815011298
Address
6700 Mount Carmel Street, Houston, TX 77087

Signing Officer

Name
Paul Posoli
Title
President
Signed
2016-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Posoli
Formed
2008
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
4
Employees
147
Volunteers
25

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027-5132
Preparer
Jody Blazek
Phone
7134395739
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IRS990/PYOtherExpensesAmt0246451
IRS990/PYProgramServiceRevenueAmt02725453
IRS990/PYRevenuesLessExpensesAmt0-49357
IRS990/PYSalariesCompEmpBnftPaidAmt0566859
IRS990/PYTotalExpensesAmt02803310
IRS990/PYTotalRevenueAmt02753953
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt059381
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02925128
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0true
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0263159838
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02874022
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Jesuit Cristo Rey HS of Houston
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt02874022
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0231265
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to affiliate
IRS990ScheduleD/TotalLiabilityAmt0231265
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt02000000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Tuition Assistance
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Jesuit Cristo Rey HS of Hous
IRS990ScheduleI/RecipientTable/RecipientEIN0263159838
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt06700 Mount Carmel St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Houston
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd077087
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0All grants are made to Jesuit Cristo Rey High School of Houston (aka Cristo Rey Jesuit College Preparatory School), the supported organization of The Work Study Program. The close relationship between the two organizations serves to monitor the use of the funds.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed by the Finance Committee. A copy is provided to the Board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All board members have received a copy of the conflict of interest policy and have signed an acknowledgement stating that they have read and agreed to the policy. The conflict of interest is reviewed on an annual basis with the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Budget Committee reviews salaries annually. The committee compares salaries with the Cristo Rey Network, the Jesuit Schools Network and the local school districts. The salary increases are documented as part of the budget process and the employees are notified by a written letter of their increase in compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All compensation is compared to the Cristo Rey Network salary scales.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Jesuits USA Central & Southern Province
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Jesuit Cristo Rey HS of Houston
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0High School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509(a)(1)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt06700 Mount Carmel St
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Houston
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd077087
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0258912
IRS990/TotalAssetsEOYAmt0437454
IRS990/TotalAssetsGrp/BOYAmt0258912
IRS990/TotalAssetsGrp/EOYAmt0437454
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt08275
IRS990/TotalEmployeeCnt0147
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt081042
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02792980
IRS990/TotalFunctionalExpensesGrp/TotalAmt02874022
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0126678
IRS990/TotalLiabilitiesEOYAmt0236909
IRS990/TotalLiabilitiesGrp/BOYAmt0126678
IRS990/TotalLiabilitiesGrp/EOYAmt0236909
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0132234

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