New Dawn Charter High School
- Assets
- $62.6m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 65
- Location
- Brooklyn, NY
- Founding
- 05/2013
- Data as of
- 06/2021
- 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 06/2021, New Dawn Charter High School employed 65 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 06/2021, New Dawn Charter High School generated $11.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $11.0m during the year ending 06/2021. While expenses have increased by 20.3% per year over the past 6 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
2021
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 |
|---|---|---|---|
Sara M Asmussen Executive Dir. | Officer | 40 | $184,082 |
Steve Ramkisson Dir. Finance | 40 | $143,365 | |
Lisa Diguadio Dir. Curriculum | Officer | 40 | $140,853 |
Jose Antonio Obregon Dir. Of Operations | 40 | $114,260 | |
Donna Lobato Principal, Bk | 40 | $105,707 | |
Ronald Tabano Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Accounting Solutions Accounting Services | 6/29/21 | $156,000 |
Benchmark Builders Llc Construction | 6/29/21 | $6,411,353 |
Epic Security Corp Security Guard Services | 6/29/21 | $321,644 |
Gerner Kronick & Valcarcel Architects | 6/29/21 | $184,214 |
Mspnetworks It Support | 6/29/21 | $220,056 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,285,537 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,508 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,292,045 |
| Total Program Service Revenue | $436,667 |
| Investment income | $23,875 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,787,201 |
| 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. | $425,680 |
| Compensation of current officers, directors, key employees. | $66,163 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,868,003 |
| Pension plan accruals and contributions | $59,513 |
| Other employee benefits | $578,737 |
| Payroll taxes | $384,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,871 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $595,756 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $36,428 |
| Royalties | $0 |
| Occupancy | $2,343,717 |
| Travel | $13,770 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,167,461 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $808,811 |
| Insurance | $103,109 |
| All other expenses | $97,723 |
| Total functional expenses | $10,978,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,473,211 |
| Savings and temporary cash investments | $5,505,391 |
| Pledges and grants receivable | $361,215 |
| Accounts receivable, net | $85,608 |
| 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 | $293,636 |
| Net Land, buildings, and equipment | $25,659,552 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,216,054 |
| Total assets | $62,594,667 |
| Accounts payable and accrued expenses | $517,767 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $20,012,296 |
| 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 | $29,187,852 |
| Total liabilities | $49,717,915 |
| Net assets without donor restrictions | $12,876,752 |
| 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 | $62,594,667 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Dawn Charter High School has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
New York Life Foundation New York, NY PURPOSE: EDUC. GENERAL | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rye Country Day School Rye, NY | $168,719,071 | $53,917,933 |
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
The Public School Of Germantown Fort Washington, PA | $151,608,543 | $52,601,237 |
Peddie School Hightstown, NJ | $613,419,387 | $58,126,453 |
William Penn Charter School Inc Philadelphia, PA | $232,730,859 | $59,443,641 |
Trevor Day School New York, NY | $179,718,336 | $48,695,331 |
International College-Beirut Lebanon New York, NY | $209,567,353 | $51,574,911 |
Montclair Kimberly Academy Foundation Montclair, NJ | $86,504,754 | $51,589,426 |
Princeton Day School Inc Princeton, NJ | $166,237,830 | $58,529,058 |
Nightingale-Bamford School New York, NY | $159,201,980 | $40,384,072 |
Masters School Dobbs Ferry, NY | $186,890,779 | $50,762,923 |
Shady Side Academy Pittsburgh, PA | $133,159,735 | $43,966,956 |