New Dawn Charter High School
- Assets
- $65.8m
- Revenue
- $14.1m
- Investments
- $0.0
- Employees
- 84
- Location
- Brooklyn, NY
- Founding
- 05/2013
- Data as of
- 06/2023
- EIN
- 45-3058039
Organization Overview
New Dawn Charter High School is located in Brooklyn, NY. The organization was established in 2013. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, New Dawn Charter High School employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Dawn Charter High School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, New Dawn Charter High School generated $14.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $12.7m during the year ending 06/2023. While expenses have increased by 16.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEW DAWN CHARTER HIGH SCHOOL PROVIDES OVER-AGED AND UNDER-CREDITED STUDENTS 15 - 21 YEARS OF AGE THE OPPORTUNITY TO RETURN TO SCHOOL AND OBTAIN A HIGH SCHOOL DIPLOMA THROUGH A RIGOROUS NYSED STANDARDS-BASED EDUCATION PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL STUDENTS MUST BE GIVEN A CHANCE TO COMPLETE HIGH SCHOOL AND THIS INCLUDES STUDENTS WHO MAY BE STRUGGLING WITH TRADITIONAL SCHOOLS. NEW DAWN CHARTER HIGH SCHOOL IS A NEW YORK CITY TRANSFER SCHOOL, REACHING OUT TO STUDENTS WHO HAVE EITHER DROPPED OUT OR ARE IN SCHOOL TRUANTS-THOSE WHO WILL MOST LIKELY NOT GRADUATE WITH THEIR FOUR-YEAR 9TH GRADE PEERS.NEW DAWN ENROLLS STUDENTS WHO ARE OVER-AGED AND UNDER-CREDITED IN GRADES 9 THROUGH 12, AND INCLUDES AN INTENSIVE PROGRAM FOR THOSE STUDENTS WHO ARE THE MOST AT-RISK AND DIFFICULT TO ENGAGE IN THEIR EDUCATION: THE STUDENT WHO IS OVER 15 YEARS OLD AND HAS FEWER THAN 11 CREDITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Tabano Chair | OfficerTrustee | 2 | $0 |
Katharine Urbati Treasurer | OfficerTrustee | 2 | $0 |
Brian Baer Secretary | OfficerTrustee | 2 | $0 |
Jane Sun Vice Chair | OfficerTrustee | 2 | $0 |
Jonathon Carrington Trustee (left 6/30/23) | Trustee | 2 | $0 |
Sara M Asmussen Executive Director | Officer | 40 | $224,603 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Epic Security Corp Security Guard Services | 6/29/23 | $361,253 |
Executive Cleaning Services Llc Janitorial Services | 6/29/23 | $250,857 |
Accounting Solutions Accounting Services | 6/29/23 | $149,177 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,494,136 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,579 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,520,715 |
| Total Program Service Revenue | $508,879 |
| Investment income | $95,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,149 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,140,379 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $621,044 |
| Compensation of current officers, directors, key employees. | $88,391 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,484,993 |
| Pension plan accruals and contributions | $107,303 |
| Other employee benefits | $612,894 |
| Payroll taxes | $469,680 |
| Fees for services: Management | $155,208 |
| Fees for services: Legal | $45,114 |
| Fees for services: Accounting | $207,277 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $650,939 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $34,096 |
| Royalties | $0 |
| Occupancy | $2,344,239 |
| Travel | $57,574 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,136,711 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $871,960 |
| Insurance | $137,106 |
| All other expenses | $106,555 |
| Total functional expenses | $12,652,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,051,562 |
| Savings and temporary cash investments | $5,560,231 |
| Pledges and grants receivable | $756,593 |
| Accounts receivable, net | $74,304 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,307 |
| Net Land, buildings, and equipment | $24,067,974 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,266,496 |
| Total assets | $65,790,467 |
| Accounts payable and accrued expenses | $777,559 |
| Grants payable | $0 |
| Deferred revenue | $5,050 |
| Tax-exempt bond liabilities | $19,421,255 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,558,356 |
| Total liabilities | $49,762,220 |
| Net assets without donor restrictions | $16,028,247 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $65,790,467 |