Cristo Rey Network FY2021 filing

Tax-deductible

Chicago, IL501(c)(3)Since 2002EducationEIN 04-3730980Revenue $7.9M in FY2021

On file with the IRScristoreynetwork.org104 S Michigan Ave, 60603-5902 · Chicago, ILTax-exempt since Feb 2003Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$1.0M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $3.4M a year · 23% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$173K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
31
of 33 voting members
Looks good: 31 of 33 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.9M
Spent
$6.3M
To programs
89%
Net assets
$12.5M
By yearFY2021–FY2025
Revenue
$7.9M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$7.9M
FY2022$11.7M
FY2023$20.0M
FY2024$21.2M
FY2025$13.8M
Expenses
$6.3M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$6.3M
FY2022$10.0M
FY2023$11.2M
FY2024$17.4M
FY2025$12.8M
Net assets
$12.5M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$12.5M
FY2022$13.8M
FY2023$22.7M
FY2024$26.6M
FY2025$28.4M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $5.6M Management & general 6% · $401K Fundraising 4% · $267K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

39 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & CEO
$250,099Pt VII · Sec A
Chief Academic Officer
$163,369Pt VII · Sec A
SVP Ext. Rel., Gen. Counsel, Sec.
$160,848Pt VII · Sec A
Dir. of School Growth
$139,050Pt VII · Sec A
SR. Dir. of Advancement
$128,927Pt VII · Sec A
Dir. of Leadership Dev. & Support
$127,810Pt VII · Sec A
CFO, Treasurer, Dir. of HR
$56,645Pt VII · Sec A
$0Pt VII · Sec A

Kelby Woodard’s $334K as President & CEO is at the 71st percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Kelby Woodard$333,850$185,367———
Elizabeth Goettl—$163,068$272,747$257,403$250,099
William Ford$222,018————
Teri Noel$207,606————
Teri Johnson—$196,321$184,615——
Conor Heaton$190,332$168,300$154,110$141,135$139,050
Brian Melton$176,148$188,474$180,556$162,280$160,848
Brenda Morris$183,625$160,667$143,534—$128,927

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students from limited economic means through college preparatory academics and professional work experience.

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Provided by the organization

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1 program · $5.6M · in their own filed words · FY2020
01

See Schedule OThe Cristo Rey Network is comprised of 38 locally owned and operated high schools. The Cristo Rey Network national office protects the integrity of the movement and advances school excellence and innovation by:- Surfacing, scaling, and standardizing effective practices across all schools through professional development…

$5.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$5K
Grants paid · 202 grants · $23.7M · 2020–2024
Unitemized GrantFY2024$792,777
Verbum Del Hs (los Angeles)FY2024$305,000
Holy Family Cristo Rey Catholic Hs (birmingham)FY2024$73,000
See all 202 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$7.9M
Ln 12
Gifts and grantsLn 1h$5.9M
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$133K
Money outPt IX
$6.3M
Ln 25
Programscol B$5.6M
Managementcol C$401K
Fundraisingcol D$267K
Owns and owesPt X
$12.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$12.6M
LiabilitiesLn 26$173K
PeoplePt VI, VII
39
listed · VII A
PaidVII A7
Voting boardVI 1a33
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.9M
Noncash giftsLn 1g$281K
Fundraising eventsLn 1c$150K
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$133K
Gains on assetsLn 7−$71K
Total revenueLn 12$7.9M
Assets in detailPt X, end of year
CashLn 1$522K
SavingsLn 2$897K
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$7.8M
Other assetsLn 15$459K
Total assetsLn 16$12.6M
LiabilitiesLn 26$173K
Net assetsLn 32$12.5M
OperationsPt I, VI
EmployeesI 526
VolunteersI 630
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.9M$1.4M
InvestmentsLn 11–13$5.4M$7.8M
Total assetsLn 16$11.1M$12.6M
LiabilitiesLn 26$151K$173K
Net assetsLn 32$11.0M$12.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.6M$1.6M
Grants to domestic individualsLn 2$307K$307K
Pay of current officers, directors and key staffLn 5$331K$278K$32K$21K
Other salaries and wagesLn 7$2.3M$2.0M$225K$148K
Pension plan contributionsLn 8$90K$76K$9K$6K
Other employee benefitsLn 9$170K$143K$16K$11K
Payroll taxesLn 10$178K$150K$17K$11K
Accounting feesLn 11c$32K$32K
Other fees for servicesLn 11g$585K$585K
Advertising and promotionLn 12$69K$21K$12K$36K
Office expensesLn 13$94K$79K$9K$6K
Information technologyLn 14$144K$121K$14K$9K
OccupancyLn 16$183K$154K$18K$12K
TravelLn 17$16K$14K$810$764
Conferences, conventions and meetingsLn 19$43K$35K$8K
InsuranceLn 23$24K$21K$2K$2K
Other expenses (24a–d)Ln 24$86K$78K$4K$4K
All other expensesLn 24e$25K$21K$2K$2K
Total functional expensesLn 25$6.3M$5.6M$401K$267K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $13.8M$12.8M$1.0M$28.4M 990 PDF
FY2024 $21.2M$17.4M$3.8M$26.6M 990 PDF
FY2023 $20.0M$11.2M$8.8M$22.7M 990 PDF
FY2022 $11.7M$10.0M$1.7M$13.8M 990 PDF
FY2021 Viewing $7.9M$6.3M$1.6M$12.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $7,882,145 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,257,846$5,924,545
I-9 Program service revenuePrior year $1,945,000$1,850,000
I-10 Investment incomePrior year $102,845$132,550
I-11 Other revenuePrior year $0−$24,950
I-12 Total revenuePrior year $8,305,691$7,882,145
I-13 Grants and similar amounts paidPrior year $169,719$1,867,905
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,826,138$3,102,780
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,742,753$1,302,479
I-18 Total expensesPrior year $6,738,610$6,273,164
I-19 Revenue less expensesPrior year $1,567,081$1,608,981
Part VI · Governance 31 of 33 board members independent, no flags
VI-1a Voting members of the governing body33
VI-1b Independent voting members31
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,882,145 across 10 lines filed
VIII-1c Fundraising events$149,850
VIII-1f All other contributions, gifts and grants$5,774,695
VIII-1g Noncash contributions (included above)$281,078
VIII-1h Total contributions, gifts and grants$5,924,545
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,850,000$1,850,000
VIII-3 Investment incomeExcluded from tax $203,213$203,213
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$70,663−$70,663
VIII-8 Net income from fundraising eventsExcluded from tax −$27,000−$27,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,050$2,050
VIII-12 Total revenueRelated to mission $1,850,000 · Unrelated business $0 · Excluded from tax $107,600$7,882,145
Part IX · Statement of functional expenses $6,273,164 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $1,561,061$1,561,061
IX-2 Grants to domestic individualsPrograms $306,844$306,844
IX-5 Pay of current officers, directors and key staffPrograms $278,244 · Management $31,882 · Fundraising $21,013$331,139
IX-7 Other salaries and wagesPrograms $1,960,468 · Management $224,637 · Fundraising $148,056$2,333,161
IX-8 Pension plan contributionsPrograms $75,889 · Management $8,696 · Fundraising $5,731$90,316
IX-9 Other employee benefitsPrograms $142,607 · Management $16,340 · Fundraising $10,770$169,717
IX-10 Payroll taxesPrograms $149,942 · Management $17,181 · Fundraising $11,324$178,447
IX-11c Accounting feesManagement $32,177$32,177
IX-11g Other fees for servicesPrograms $585,186$585,186
IX-12 Advertising and promotionPrograms $21,076 · Management $12,469 · Fundraising $35,534$69,079
IX-13 Office expensesPrograms $78,686 · Management $9,015 · Fundraising $5,941$93,642
IX-14 Information technologyPrograms $121,332 · Management $13,903 · Fundraising $9,163$144,398
IX-16 OccupancyPrograms $153,774 · Management $17,620 · Fundraising $11,613$183,007
IX-17 TravelPrograms $14,430 · Management $810 · Fundraising $764$16,004
IX-19 Conferences, conventions and meetingsPrograms $35,438 · Management $7,697$43,135
IX-23 InsurancePrograms $20,508 · Management $2,350 · Fundraising $1,549$24,407
IX-24 Other expenses (24a–d)Programs $78,489 · Management $4,031 · Fundraising $3,922$86,442
IX-24e All other expensesPrograms $21,009 · Management $2,407 · Fundraising $1,586$25,002
IX-25 Total functional expensesPrograms $5,604,983 · Management $401,215 · Fundraising $266,966$6,273,164
Part X · Balance sheet $12,627,749 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $704,920$521,862
X-2 Savings and temporary cash investmentsStart of year $1,241,926$897,302
X-3 Pledges and grants receivableStart of year $2,906,711$2,691,556
X-4 Accounts receivableStart of year $280,927$170,097
X-9 Prepaid expenses and deferred chargesStart of year $87,697$88,112
X-11 Publicly traded securitiesStart of year $5,424,119$7,799,512
X-15 Other assetsStart of year $455,406$459,308
X-16 Total assetsStart of year $11,101,706$12,627,749
X-17 Accounts payable and accrued expensesStart of year $151,055$173,461
X-26 Total liabilitiesStart of year $151,055$173,461
X-27 Net assets without donor restrictionsStart of year $6,819,299$7,755,689
X-28 Net assets with donor restrictionsStart of year $4,131,352$4,698,599
X-32 Total net assets or fund balancesStart of year $10,950,651$12,454,288
X-33 Total liabilities and net assetsStart of year $11,101,706$12,627,749
Part XI · Reconciliation of net assets $12,454,288 net assets at year end
XI-1 Total revenue$7,882,145
XI-2 Total expenses$6,273,164
XI-3 Revenue less expenses$1,608,981
XI-4 Net assets at start of year$10,950,651
XI-5 Net unrealized gains (losses) on investments−$109,246
XI-9 Other changes in net assets$3,902
XI-10 Net assets at end of year$12,454,288

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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