2008 Cristo Rey Network Annual Report

Transforming Urban America One Student at a Time cristo rey network annual report 2007-2008

Who We Are, What We Do Like any journey in life, the road to opportunity is marked by challenges and obstacles.

Cristo Rey Schools teach students to stand up to these challenges and obstacles every day. Whether it is through the experiences they gain in the work place, the lessons they learn in school or their interactions among their peers, teachers and mentors, these students are continuously building the strength of character and intelligence that will guide them as they journey into their future. . . a future of success. These students choose to succeed in a school where they will work an entry-level job to earn their tuition, have a longer school day, and a faith-based college prep education.

The Cristo Rey Network is comprised of 22 member schools, 5,003 students, 675 faculty, our University and Corporate Partners, a Center Office, and friends like you.

The work of the Cristo Rey Network Center Office is to replicate this model in new markets, provide ongoing support to member schools, build University partnerships and sustain and grow existing schools with professional development programs.

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2007-2008 The Year in Review

Seven new schools joined the Cristo Rey Network: • Cristo Rey Jesuit High School, Baltimore, MD • Holy Family Cristo Rey High School, Birmingham, AL • Providence Cristo Rey High School, Indianapolis, IN • Christ the King Preparatory School, Newark, NJ • St. Peter Claver Cristo Rey High School, Omaha, NB • Cristo Rey Jesuit High School, Twin Cities • Don Bosco Cristo Rey High School, Washington, D.C. We celebrate the addition of these schools and their students to the Network!

The Network welcomed Rob Birdsell as its new President and Chief Executive Officer. Mr. Birdsell joined Cristo Rey from Eduventures, a higher education consulting group, where he served as Managing Vice President.

The Network Center Office also welcomed Anna Hall as Development Officer and Patrick Dunphy as Development Associate.

The Cristo Rey Network Annual Meeting was hosted by North Cambridge Catholic High School in Cambridge, Massachusetts. The week-long conference brought together representatives of 28 different religious congregations who sponsor Cristo Rey Network schools.

Graduate students at the University John P. Foley, S.J., Executive Chairman of Chicago Graduate School of Business of the Cristo Rey Network, received Honorary provided pro bono consulting to the Network Doctorate degrees from Georgetown in financial management systems.

University, Marquette University and Fordham University.

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A Letter from the Chairman and President

You have in your hands the Cristo Rey Network Annual Report for Fiscal Year 2008. As you can see, we are very much alive and vibrant, ready to continue serving the member schools in their mission of attending to urban young people who otherwise would be left behind. We are sincerely grateful to all those who help us keep our movement growing.

One of the most appealing aspects of the Cristo Rey Network and our educational model is the business plan. In Cristo Rey schools, the students pay for a majority of their own education by spending five days a month working at an entry-level clerical job. In the 2007-2008 school year, the 4,235 students from all our schools contributed over $22 million and thus they become the biggest supporters of their own education. The fact that they are not “charity cases� makes it possible for them to raise their heads just a bit higher. They discover what they are capable of and realize the implications for their own future. They know full well what it is costing them and they are proud to invest in their own education.

Those who hire our students attest to what a positive experience it is for everyone involved. It is truly a win-win situation. No one loses. The companies get enthusiastic young employees who are supervised on a daily basis and their own employees are proud that their company is ready to give young people a chance. The students get a top notch college-prep education, and the experience of knowing they can have a future in the business world. And, the school can pay its bills without having to fundraise for every penny.

Thanks to all those who have partnered with us and our students in their formation. Thanks for helping us show them what they can do and what they can be. The Cristo Rey Network schools are in the business of giving hope and we are grateful to all those who make that happen.

John P. Foley, S.J. Executive Chair of the Board

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Robert J. Birdsell President and CEO

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Facts and Figures

as of October 1, 2008

Our Schools (Listed according to year established)

2008

5,003

students nationwide

22

Lourdes Academy, Brooklyn, NY Christ the King Jesuit College Preparatory School,

Cristo Rey Network Schools

Chicago, IL Detroit Cristo Rey High School, Detroit, MI

2007

542 graduates of Cristo Rey Network schools

99% graduates accepted to a 2 or 4 year college or university

Cristo Rey Jesuit High School, Baltimore, MD Holy Family Cristo Rey High School, Birmingham, AL Providence Cristo Rey High School, Indianapolis, IN (Established 1943, Converted 2007) Cristo Rey Jesuit High School (Twin Cities), Minneapolis, MN Christ the King Preparatory School,Newark, NJ St. Peter Claver Cristo Rey High School, Omaha, NE Don Bosco Cristo Rey High School, Washington, DC

2006 Cristo Rey Sacramento High School, Sacramento, CA

1,004

79

students enrolled in first Cristo Rey high school in 1996-1997

total student jobs

1,252

7120

sponsoring companies around the country

projected enrollment in 2009-2010

2005 Cristo Rey Kansas City High School, Kansas City, MO

2004 North Cambridge Catholic High School, Cambridge, MA (Established 1921, Converted 2004) St. Martin de Porres High School, Cleveland, OH Notre Dame High School, Lawrence, MA Cristo Rey New York High School, New York, NY San Miguel High School, Tucson, AZ St. Martin de Porres High School, Waukegan, IL

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average number of minutes to transport students to work

schools projected to join the Network in 2009-2010 in Houston and San Fransisco

2003 Arrupe Jesuit High School, Denver, CO Verbum Dei High School, Los Angeles, CA (Established 1962, Converted 2003)

2001

83

$20,892,207

average number of computers for student use per school

total revenue from paid work-study contracts for 2007-2008

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De La Salle North Catholic High School, Portland, OR

1996 Cristo Rey Jesuit High School, Chicago, IL

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The Educational Enrichment Initiative

The Cristo Rey Network has achieved impressive high school graduation and college enrollment rates relative to its peers. While many factors such as financial aid and family expectations likely affect the college success of our students, rigorous academic preparation has been shown to be the most important driver of college completion.

Given the Cristo Rey Network’s mission, our entering 9th-grade students are typically behind gradelevel academically—therefore, preparing them for the academic rigors of college requires significant remediation and accelerated learning.

In the summer of 2008, a planning process led to a new initiative which shifts our primary focus from growing the numbers of students in Cristo Rey Network schools to enriching the educational model—to best prepare our students for success in college.

The Cristo Rey Network Educational Enrichment Initiative seeks to develop and strengthen a culture of continuous improvement – within each classroom and school and across the Network:

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A focus, within each school and across the Network, on engaging in a cycle of learning; an openness to measuring outcomes, learning what worked and what didn’t and adapting practices to incorporate new learning

A CULTURE, within each school and across the Network – that encourages, supports, and rewards sharing and using “best practice” tools that demonstrate success in improving student progress toward college readiness

A focus across the Network on continually improving academic standards and programming, recognizing that it may take multiple iterations to achieve the goal

An “open door” mindset in which teachers invite others (e.g. principals, peers) into their classrooms to help them improve their instruction

A focus within each school on using data and assessments to drive ongoing improvement in teaching and learning, and within each classroom on using data and assessments to continually improve each student’s progress towards college readiness

A SCHOOL CULTURE that is open to other high performing, high expectation schools in urban centers

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University Partners

Almost 2,000 Cristo Rey Network alumni have gone on to pursue post-secondary education. More than 500 students enrolled in college in the fall of 2008. Most were the first person in their families to pursue higher education. By 2012, more than 2,000 Cristo Rey Network graduates from twentytwo high schools will enter college each year.

Realizing the clear need to actively support graduates to and through college and beyond, the Cristo Rey Network partnered with Georgetown University to organize the first National Summit on Post-Secondary Success in July 2008. The Summit began a national dialogue between university and high schools administrators about what more can and should be done to ensure success for Cristo Rey Network students as they enter college. Georgetown hosted the daylong Summit that included over 50 university and high school leaders from across the country.

Three strategic post-secondary initiatives emerged from the Summit: advisory council A Post-Secondary Advisory Council was formed to guide the sharing of best practices and articulating future research questions.

Cristo Rey Network graduates at the conclusion of each semester. The reports from the study will inform and shape future planning at both the secondary and post-secondary levels.

longitudinal study The Cristo Rey Network will conduct a five-year longitudinal study tracking recent Network graduates to determine key predictors of success in college and beyond. The study has two main sources of data. Student enrollment and degree data will be collected from the National Student Clearinghouse. In addition, this data will be supplemented by findings from a survey of recent

university partners In the spring of 2009, Cristo Rey Network will launch its University Partners Program to ensure that Network graduates have the freedom to explore and choose colleges based on fit rather than financial aid packages. Clearly, matching Cristo Rey Network graduates with the appropriate resources, opportunities, and support is critical to ensure their success at the university level.

“This is not an abstract commitment to diversity or opportunity. We know that their gifts, their talents, their personal experiences, their life histories, their personal stories are enriching the quality of life on our campus every day. The interaction that takes place in our residence halls, on our athletic fields, in our laboratories, in our classrooms, is distinctively better as a result of the kind of community we can build here. And that community would not be what it is without the kind of identity that comes from the presence of the students from your schools. And so for us to be the kind of institution we want to be, we need your students. We need the young men and women that you are preparing for our schools. We can’t be what we hope to be without them. “ John J. DeGioia, President , Georgetown University Speaking at the Cristo Rey Network National Summit on Post-Secondary Success July 9, 2008

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Corporate Partners Cristo Rey Work Study Program

We are deeply grateful to all of our Corporate Partners who employ Cristo Rey Network students both locally and nationally, especially in today’s challenging economy. Their confidence in our students and faith in our program are vital to our success.

The following companies and organizations employ Cristo Rey Network students in multiple cities: American Red Cross

Goodwill Industries

Pitney Bowes

Bank of the West

HSBC

Price Waterhouse Coopers

Barnes & Thornburg, LLP

Jones Day

Robert W. Baird & Co.

Big Brothers /Big Sisters

JP Morgan Chase

Sidley Austin

Blue Cross/Blue Shield

Junior Achievement

Snell & Wilmer, LLP

Catholic Charities

Kirkland & Ellis

State Street Bank

Catholic Healthcare West

KPMG

United Way

Citigroup

Latham & Watkins

US Bank

Cushman & Wakefield

Marriott

Wells Fargo Brokerage Services

Deloitte

Marsh

Winston & Strawn

DLA Piper Rudnick Gray Cary

McDermott Will & Emery LLP

Xerox

Ernst & Young

Merrill Lynch

YMCA

Foley & Lardner

Nike 13

Honor Roll

We extend our heartfelt thanks to these generous benefactors who supported the Cristo Rey Network from July 1, 2007 through June 30, 2008.

R. Admr. and Mrs. Robert Abele Mr. John J. Arnold Automated Mechanical Services, Inc. Dorothy Babcock Charitable Foundation Mr. and Mrs. James Bailey Ms. Margaret A. Baine Mr. Kevin Baine Mr. Steve Baine Mr. and Mrs. Everett J. Bell Mr. Robert Berner Mr. Charles W. Bidwill, Jr. Mr. and Mrs. Robert D. Birdsell Mr. and Mrs. James Brady Mr. and Mrs. John Brouillard Mr. John S. Baxter Mr. James B. Cain in honor of Suzanne Bruns Cain Mr. Rafael Carreira Mr. and Mrs. George Cavanaugh Mr. and Mrs. James Chavoen Mr. Tom Chisholm Mr. and Mrs. William H. Choquette CIBC World Markets Dr. Judith Coates Mr. Christopher Coleman Ms. Mary Margaret Cowhey Mr. and Mrs. John Croghan Mr. William DeJoseph Mr. and Mrs. Philp Delaney Mr. Bernard Dentzer Ms. Colleen Croghan Detjen 14

Mr. J.M. Dillon Dr. and Mrs. Emmett J. Doerr Mr. and Mrs. Richard Feeney Mr. Herman Fischer Mr. Patrick J. Foley Mr. Charles J. French, IV Mr. and Mrs. J. Patrick Gallagher Mr. and Mrs. Peter Gamber The Bill and Melinda Gates Foundation Mr. John Glunz Mr. and Mrs. Peter Hasbrook Mr. and Mrs. Brian Hayes Mr. and Mrs. Max Heerman Mr. and Mrs. Mickey Hernandez-Dolan Ms. Francis V. Hillebrand HSBC Corporation The James Irvine Foundation Mr. and Mrs. Darren Jackson Mr. and Mrs. Edward Jennings Mr. and Mrs. Roger Kanet Mr. and Mrs. John Kattner Ms. Lucy V. Katz Mr. and Mrs. George Kearney Mr. Stephen Kern Mr. and Mrs. Tom Kister Mr. Richard Kolb Mr. Jeffrey Krol Mr. and Mrs. Joseph Lahart Mr. and Mrs. James Land Mr. John and Carrie Patrick Lee Mr. and Mrs. Eric London

Loyola University Chicago Richard M. Lucas Foundation Mr. Donald Lucas Mr. and Mrs. Raymond Malone The Mario Family Foundation Marshal & Isley Trust Company Mr. Daniel T. McBride Ms. Kathleen McChesney Mr. David McConville Rev. Patrick M. McCorkell, SJ Mr. Leo McManus Mr. and Mrs. Robert McMenamin Andrew & Jeanine McNally Charitable Foundation Mr. and Mrs. James McShane Ms. Jennifer J. Metric Miguel Pro Jesuit Community Mr. and Mrs. David Miller Mr. and Mrs. William Miossi Mr. Michael Mooney Mr. Richard Najera Mr. Donald R. Neureuther Mr. William G. Noonan Mr. and Mrs. Dennis O’Keefe Mr. and Mrs. Norton O’Meara I.A. O’Shaughnessy Foundation Mr. and Mrs. James O’Sullivan Mr. Robert Otter Mr. and Mrs. Bob Peters Mr. and Mrs. Gregory Popovich

Mr. and Mrs. Paul Purcell Mr. and Mrs. Ronald Quick Mr. Thomas Reedy Mr. Patrick Ruff Mr. and Mrs. Donald R. Ryan Mrs. Carroll Saussy and Mr. Frank Molony Dianne M. Muller and George J. Scheppler Dr. and Mrs. Thomas Schneider Mr. and Mrs. Mark Schroeder Mr. Lawrence Scinto Mr. and Mrs. Leo Sheridan Sieben Foundation Mr. Robert Sproat Mr. and Mrs. Jason Steiner Susan R. & John W. Sullivan Foundation Mr. Thomas F. Sullivan, II Mr. Edward F. Symanski Mr. and Mrs. Matthew Turk Valparaiso University Verizon Massachusetts Mr. and Mrs. Leslie Vincent Mr. and Mrs. Lambert VonBank Ms. Bridget M. Wallace Mr. Tom Wamberg Mr. and Mrs. Michael White Ms. Kathleen Winter Ms. Desiree Zamora If any error has occurred in the compilation of this list we ask that you call it to our attention.

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Financial Statements

Statement of Activities for the Year Ending June 30, 2008

Unrestricted

Comparative Schedule of Revenues and Expenses

Temporarily Restricted

Total

Revenues Grants and contributions Investment income Contributed facilty space

$344,516 95,029 27,024

$ 1,043,568 30,009 -

$1,388,084 125,038 27,024

Total Revenues

$466,569

$1,073,577

$1,540,146

Expenses Program Services: Schools’ funding Total Program Services

$1,969,009

-

$1,969,009

1,969,009

-

1,969,009

Supporting services: Administration Fund development

604,180 892,981

- -

604,180 892,981

Total supporting services

1,497,161

-

1,497,161

Total Expenses

Increase (Decrease) in Net Assets Transfer to (from) temporarily restricted Net Assets at Beginning of Year Net Assets at End of Year 16

$3,466,170

-

$3,466,170

($2,999,601)

$1,073,577

($1,926,024)

2,699,729

(2,699,729)

-

(181,786)

6,344,928

6,163,142

($481,658)

$4,718,776

Revenues Foundations Corporations Individuals Investment Income Member Dues Universities and Religious Communities Rent Income Total Revenues

2008

2007

$548,583 24,328 648,077 125,038 91,096 40,000

$ 7,080,190 636,200 558,065 118,922 87,884 46,100

27,024

N/A

$1,540,146

$8,527,361

(Two year cumulative revenues: $10,067,507)

Expenses Grants to Member Schools General Administration Conferences and Trainings Advancement

$1,472,107 1,044,118 496,902 453,043

$4,863,612 784,101 406,397 43,333

Total Expenses

$3,466,170

$6,097,442

(Two year cumulative expenses: $9,563,612)

Net Assets at Beginning of Year

$6,163,142

$3,733,222

Net Assets at End of Year

$4,237,118

$6,163,142

$4,237,118 17

Board and Staff cristo rey network board of directors Kevin Baine Partner, Williams & Connolly, LLP Washington, DC Robert Birdsell President and CEO (Ex-Officio), Cristo Rey Network Chicago, IL Richard Braddock Chairman & CEO, Fresh Direct New York, NY B.J. Cassin President & Chairman, Cassin Educational Initiative Foundation Menlo Park, CA Rich Clark President, St. Martin de Porres High School Cleveland, OH John P. Foley, SJ Executive Chairman, Cristo Rey Network Chicago, IL Darren Jackson Chairman & CEO, Advanced Auto Parts Roanoke, VA Madeline Lacovara Board Chair, Cristo Rey New York High School New York, NY

Matt Powell President, De La Salle North Catholic High School Portland, OR Joe Rauenhorst President, Bay Court, Inc. Boca Raton, FL Colin Scully Chairman & CEO, Life Line Screening Cleveland, OH

cristo rey network center staff John P. Foley, SJ, Executive Chairman Robert Birdsell, President and CEO Jeff Thielman, Vice President of New Initiatives Rob Cummings, Vice President of Advancement Kristy Blackmore, Managing Director, Corporate Work Study Program Jay Brown, Director of School Support Chris Broughton, Director of Post-Secondary Services Anna Hall, Development Officer Laura Wolfe, Office Manager Patrick Dunphy, Development Associate Bob Mooney, Senior Consultant

Daniel Porterfield, Ph.D. Senior Vice President for Strategic Development, Georgetown University Washington, DC

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An Investment in the Cristo Rey Network

Gifts large and small make an impact on every student for the better by creating a unique school for them to attend, enriching their academic experience, and supporting their teachers and administrators. The impact also reaches their community and our nation, creating a future full of hope for all of us.

Your Support of the Cristo Rey Network: • Provides start up funding to support new feasibility studies to open more schools in urban city across the country.

• Invests in professional development programs that support quality school leaders.

• Ensures the integrity of each Cristo Rey School through the Mission Effectiveness Program.

The Cristo Rey Network is a 501(c)(3) organization. All gifts are tax deductible to the extent provided by law.

“As my students walked across the stage at graduation, I couldn’t keep the tears from welling up. I kept thinking about the incredible and inspiring stories of struggle that each student has and how they have overcome all the obstacles to graduate in front of their beaming parents, families, teachers, and supervisors. I learned all over again how hard work, determination, and, most importantly, hope can change not only an individual but an entire community.”

Thomas Bambrick, English Teacher Cristo Rey Jesuit High School, Chicago, IL 20

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our mission

The Cristo Rey Network prepares young people with limited options for college. our vision

All students have equal access to the educational opportunities they need to be successful in college and contribute with their gifts to the arrival of the Kingdom of God. cristo rey network

14 E. Jackson Blvd., Suite 1200 Chicago, IL 60604 Phone: (312) 784-7200 Fax: (312) 784-7201 www.cristoreynetwork.org