Cristo Rey Jesuit Seattle Work Study Program

Nonprofit profile at a glance

EIN
874029387
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-N 2023
Location
Seattle, WA, USA
Phone
2066882100
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Official website

Reported finances

Revenue
$762,740
Expenses
$719,692
Assets
$102,348
Liabilities
$59,300

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

25 people listed

Executive titles in this filing

  • Katie Seltzer (Vice President of Corporate Work Study)
  • Paul Hogan (President)
  • Micahel Hall (Vice President of Finance)
  • Allie Picha (Vice President of Advancement)

Highest reported compensation

  • Paul Hogan (President): $225,000 total reported compensation
  • Dr Nadia Despenza Guy (Principal): $200,000 total reported compensation
  • Katie Seltzer (Vice President of Corporate Work Study): $152,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To finance education costs for students while they gain real-world work experience that strengthens their cognitive and social capital development, catalyzes confidence and aspiration, and prepares them for success in college and careers.

What it reported doing in 2024

The Corporate Work Study Program is an integral component of the Schools educational model and mission. Through the program, 100 percent of enrolled students are placed in entry? level professional roles with businesses, nonprofits, and institutions across a range of industries. Students gain real-world work experience while developing professional skills that support long-term academic and career success. Students work one full day per week from mid-September through mid-June, totaling approximately 35 to 36 workdays per academic year. The program provides job readiness training, workplace skills development, and ongoing coaching and supervision. Wages earned through the program are applied directly toward tuition, reducing the required family contribution and, together with donor support, making a college-preparatory education financially accessible to families with limited financial resources. Program highlights include: -100 percent of students participation in the work study program -Approximately 35 to 36 workdays per student per academic year -Student wages are applied toward tuition costs, reducing the familys financial obligation

Operating model

Revenue model
Earned-program. 100% 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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 64
  • Accountability: 95
  • Sustainability: 30
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.4%; rating input score 94
  • Program expense ratio: 100%; rating input score 100
  • 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.6%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 0.14; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0.58; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 21.1%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 94.4% of revenue deployed · 100% of spending went to programs
  • Governance: 20 of 20 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $720K in reported program spending
  • Leadership: top reported pay $225K · 25 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • Review — Sustainability: Operating margin scored 52/100.
  • Review — Accountability: Governance controls: Document-retention policy not reported.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.