Cristo Rey St Martin College Prep
Nonprofit profile at a glance
- EIN
- 421597059
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- Waukegan, IL, USA
- Phone
- 2242159400
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Secondary, High School
Reported finances
- Revenue
- $7,928,539
- Expenses
- $7,062,266
- Assets
- $21,921,542
- Liabilities
- $245,179
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- Preston Kendall (President)
Highest reported compensation
- Preston Kendall (President): $239,040 total reported compensation
- Michael Odiotti (Principal): $159,730 total reported compensation
- Viridiana Castrejon (Chief Financial Officer): $119,480 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 educate young people of limited economic means to become men and women of faith, purpose, and service.Through a rigorous college preparatory curriculum, integrated with relevant work-study experience and a campus ministry program, students graduate ready to succeed in college and life.
What it reported doing in 2024
During FY25, CRSM provided a rigorous college-preparatory education integrated with a four-year Corporate Work Study Program and a comprehensive campus ministry program. Students participated in academic instruction aligned to college readiness standards, gained professional work experience through corporate partnerships, and engaged in faith formation and service opportunities. Through this integrated model, CRSM supported students academic achievement, professional skill development, and personal growth, preparing graduates for success in college, career, and life.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 52
- Accountability: 100
- Sustainability: 67
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.4%; rating input score 70
- Program expense ratio: 77.5%; rating input score 77
- Fundraising efficiency: $8.38 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings
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: Scored; rating input score 0
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: 10.9%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 3.1; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 85; 85th percentile among comparable filings
- Officer compensation ratio: 7.3%; rating input score 40; 40th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 70.4% of revenue deployed · 77.5% of spending went to programs
- Governance: 18 of 18 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $5.5M in reported program spending
- Leadership: top reported pay $239K · 21 people listed · 0 of 6 pay-setting controls reported
- Consistency: 28 of 28 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Contacts: How to reach this organization
- Money network: 3 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 32/100.
- Moderate — Sustainability: Officer compensation ratio scored 40/100.