Cristo Rey Brooklyn Corporate Work Study Program INC FY2023 filing

Tax-deductible

Brooklyn, NY501(c)(3)Since 2008EducationEIN 26-2989325Revenue $1.5M in FY2023

On file with the IRS710 E 37th St, 11203-5604 · Brooklyn, NYTax-exempt since Oct 2023Publicly supported — 509(a)(2)

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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, acquiring invaluable hard skills, and imprinting the values of Work ethic, responsibility, and ambition.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
2 of 3
filings with a surplus
Average deficit $38K a year · 3% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$91K
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
18
of 19 voting members
Looks good: 18 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
Spent
$1.4M
To programs
94%
Net assets
$60K
By yearFY2023–FY2025
Revenue
$1.5M
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$1.5M
FY2024$1.3M
FY2025$1.2M
Expenses
$1.4M
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$1.4M
FY2024$1.2M
FY2025$1.4M
Net assets
$60K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$60K
FY2024$76K
FY2025−$114K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 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 Oct 2023.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $1.4M Management & general 5% · $72K Fundraising 1% · $11K

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

27 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Officer, Eff. 07/2022
$0Pt VII · Sec A
Chairman, Eff. 10/2022
$0Pt VII · Sec A
Chairman, Thru 10/2022
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer, Thru 09/2022
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary, Thru 09/2022
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Alan Garcia’s $124K as VP of Cws is at the 48th percentile of top reported officer pay among 3395 $1–10M 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.

See Cristo Rey Brooklyn Corporate Work Study Program INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects students with jobs to fund their education and build work skills.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2022
01

The CRBCWSP enables students at cristo rey brooklyn high school (CRBHS) to attain real world job experience and allows students to work during the school year in entry-level jobs to cover approximately 50 percent or more of the cost of their EDUCATION.EACH student works one full day per week in an entry-level position at organizations…

$1.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $3.0M · 2022–2024
Cristo Rey Brooklyn High SchoolNY · FY2024$1,254,475

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.5M
Gifts and grantsLn 1h$40K
Other incomeLn 4–11$6K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.4M
Managementcol C$72K
Fundraisingcol D$11K
Owns and owesPt X
$60K
net assets · Ln 32
Total assetsLn 16$151K
LiabilitiesLn 26$91K
PeoplePt VI, VII
27
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$40K
Fees for servicesLn 2g$1.5M
Other incomeLn 4–11$6K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
Total assetsLn 16$151K
LiabilitiesLn 26$91K
Net assetsLn 32$60K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Total assetsLn 16$0$151K
LiabilitiesLn 26$0$91K
Net assetsLn 32$0$60K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$973K$973K
Other fees for servicesLn 11g$750$750
Office expensesLn 13$3K$3K$98
Information technologyLn 14$5K$5K
TravelLn 17$49$49
Conferences, conventions and meetingsLn 19$3K$3K
Other expenses (24a–d)Ln 24$448K$373K$65K$11K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$1.4M$1.4M$72K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$1.4M−$190K−$114K 990 PDF
FY2024 $1.3M$1.2M$17K$76K 990 PDF
FY2023 Viewing $1.5M$1.4M$60K$60K 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 FY2023 990 (6 parts)
Part I · Summary $1,498,037 revenue, 12 lines filed
I-8 Contributions and grants$40,000
I-9 Program service revenue$1,451,600
I-10 Investment income$0
I-11 Other revenue$6,437
I-12 Total revenue$1,498,037
I-13 Grants and similar amounts paid$973,006
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$465,527
I-18 Total expenses$1,438,533
I-19 Revenue less expenses$59,504
Part VI · Governance 18 of 19 board members independent, 4 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,498,037 across 5 lines filed
VIII-1f All other contributions, gifts and grants$40,000
VIII-1h Total contributions, gifts and grants$40,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,451,600$1,451,600
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $6,437$6,437
VIII-12 Total revenueRelated to mission $1,451,600 · Unrelated business $0 · Excluded from tax $6,437$1,498,037
Part IX · Statement of functional expenses $1,438,533 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $973,006$973,006
IX-11g Other fees for servicesPrograms $750$750
IX-13 Office expensesManagement $3,376 · Fundraising $98$3,474
IX-14 Information technologyPrograms $4,937$4,937
IX-17 TravelManagement $49$49
IX-19 Conferences, conventions and meetingsManagement $3,024$3,024
IX-24 Other expenses (24a–d)Programs $372,665 · Management $65,052 · Fundraising $10,647$448,364
IX-24e All other expensesPrograms $4,929$4,929
IX-25 Total functional expensesPrograms $1,356,287 · Management $71,501 · Fundraising $10,745$1,438,533
Part X · Balance sheet $150,629 assets, 8 lines filed
X-4 Accounts receivable$150,500
X-9 Prepaid expenses and deferred charges$129
X-16 Total assetsStart of year $0$150,629
X-19 Deferred revenue$91,125
X-26 Total liabilitiesStart of year $0$91,125
X-27 Net assets without donor restrictions$59,504
X-32 Total net assets or fund balancesStart of year $0$59,504
X-33 Total liabilities and net assetsStart of year $0$150,629
Part XI · Reconciliation of net assets $59,504 net assets at year end
XI-1 Total revenue$1,498,037
XI-2 Total expenses$1,438,533
XI-3 Revenue less expenses$59,504
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$59,504

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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