Cristo Rey Dallas Corporate Work Study Prgm
Nonprofit profile at a glance
- EIN
- 471851947
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Dallas, TX, USA
- Phone
- 4698447956
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $3,687,906
- Expenses
- $4,125,918
- Assets
- $3,389,182
- Liabilities
- $112,208
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
27 people listed
Executive titles in this filing
- Patrick Walsh (President)
Highest reported compensation
- Patrick Walsh (President): $167,770 total reported compensation
- GUNNAR RAWLINGS (VP, CWSP AND STRATEGIC INITIAT): $108,831 total reported compensation
- JASON LUQUE (Director of Finance and HR): $104,005 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of cristo rey dallas work study program is to provide professional corporate and nonprofit work experience and career exploration to the 450+ students of cristo rey dallas college prep, a college preparatory high school designed to serve the unique needs of economically disadvantaged students. Each student works one day per week, and all funds raised (employer-paid fees by our 130 plus job partners) generate 60% of the school operating budget, which allows each family, on average, to pay $200 per month. The cristo rey dallas corporate work study program (cwsp), combined with the school's academic rigor and a safe place for our students to learn and grow. As our students progress throughout the corporate work study program, they get equipped with professional skills, problem-solving skills, and technological skills that will equip them for success in college and beyond.
What it reported doing in 2024
Each year, the corporate work study program at cristo rey dallas college prep serves more than 450+ students, 90% of whom will be first in their family to graduate from college 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 and empowers each of them to develop long-term academic and professional goals and resources combined with the tools and experience they need to achieve their goals and aspirations. Specifically, the corporation partnered with local businesses to provide work study jobs for each of cristo rey dallas high school, inc's 450+ students during the year ended june 30, 2024. Through these efforts, the corporation was able to provide tuition assistance via qualified education assistance program ("qeap"). 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 with a job partner, each working one full business day weekly throughout the school year. Through this unique program design, each student team fulfills one full-time, entry level job role. Each year, every student accumulates more than 320 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, and professional networking to aid them in their work study positions. In 2023-2024, we continued to add new job partners. Our job partners and students also embraced the growth of remote co-working across all industry sectors. Annually, 90%+ of job partners rate their students as meeting or exceeding their expectations, and they rave about the value their students bring to their company.
Operating model
- Revenue model
- Earned-program. 88% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 65
- Accountability: 79
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 92%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 95.8%; rating input score 96; 26th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Missing
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -11.9%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 0.82; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 75; 75th percentile among comparable filings
- Officer compensation ratio: 0.5%; rating input score 82; 82nd percentile among comparable filings
Growth
- Program expense growth: 8.6% per year; rating input score 100; 58th percentile among comparable filings
- Revenue growth: 7% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 17.8% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 92% of spending went to programs
- Governance: 23 of 24 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3.8M in reported program spending
- Leadership: top reported pay $168K · 27 people listed · 0 of 6 pay-setting controls reported
- Consistency: 22 of 22 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Operating margin scored 11/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.