Cristo Rey Orange County Work Study Program Inc
Nonprofit profile at a glance
- EIN
- 843893348
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-N 2022
- Location
- Santa Ana, CA, USA
- Phone
- 7144399626
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Vocational, Technical Schools
Reported finances
- Revenue
- $1,368,628
- Expenses
- $1,018,881
- Assets
- $455,002
- Liabilities
- $53,987
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- STEPHEN J HOLTE (PRESIDENT)
Highest reported compensation
- STEPHEN J HOLTE (PRESIDENT): $251,573 total reported compensation
- KARELYN FOLEY (SECRETARY): $202,836 total reported compensation
- SUSAN MCKEEVER (VP OF CORPORATE WORK STUDY): $159,271 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 corporate work study program is a separately incorporated entity within cristo rey orange county high school that places every student in a professional job five days a month, all four years of high school. Corporate partners pay a competitive, annual service fee to the program for the students' college preparatory education.
What it reported doing in 2024
Cristo rey orange county work study program, inc. Secures and manages professional work experience for high school students at cristo rey orange county high school. Through our innovative corporate work study program, our students work at over 40 leading orange county companies, earning a portion of their tuition while gaining invaluable real-world experience and building professional networks, boosting their technical and soft skills and gain knowledge about education and career pathways. Partnering companies build their talent pipeline, engage local students from diverse backgrounds in their work and can train students on administrative tasks that free up employees.
Operating model
- Revenue model
- Earned-program. 99% 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. Total assets are small relative to annual expenses; liquid coverage is unknown and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 70
- Accountability: 92
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.4%; rating input score 62
- Program expense ratio: 83.8%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 94.1%; rating input score 94; 25th 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: 25.6%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 0.45; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 40; 40th percentile among comparable filings
- Officer compensation ratio: 28.1%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 37.8% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 61.4% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 144.3% per year; rating input score 100; 100th percentile among comparable filings
Details
- Where the money goes: 62.4% of revenue deployed · 83.8% of spending went to programs
- Governance: 16 of 17 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $854K in reported program spending
- Leadership: top reported pay $252K · 19 people listed · 1 of 6 pay-setting controls reported
- Consistency: 29 of 29 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 — Sustainability: Total-asset coverage ratio scored 21/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- High — Sustainability: Officer compensation ratio scored 8/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 40/100.