Charter School Of New Castle Inc
- Assets
- $17.6m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 0
- Location
- New Castle, DE
- Founding
- 05/2006
- Data as of
- 06/2022
- EIN
- 86-1105534
Organization Overview
Charter School Of New Castle Inc is located in New Castle, DE. The organization was established in 2006. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charter School Of New Castle Inc 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 06/2022, Charter School Of New Castle Inc generated $13.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $9.0m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A DELAWARE CHARTER SCHOOL WITH A MISSION THAT ACKNOWLEDGES THE LEARNING DIFFERENCES OF EACH INDIVIDUAL CHILD AND NURTURES THE UNIQUENESS OF EACH FAMILY STRUCTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARTER SCHOOL OF NEW CASTLE IS A PUBLIC SCHOOL ESTABLISHED UNDER A CHARTER GRANTED BY THE STATE OF DELAWARE DEPARTMENT OF EDUCATION AND DELAWARE STATE BOARD OF EDUCATION PURSUANT TO TITLE 14, CHAPTER 5 OF THE DELAWARE CODE. THE MISSION OF THE SCHOOL IS TO ACKNOWLEDGE THE LEARNING DIFFERENCES OF EACH INDIVIDUAL CHILD AND NURTURE THE UNIQUENESS TO EACH FAMILY STRUCTURE. TOTAL ENROLLMENT AT THE SCHOOL FOR THE 2021-2022 FISCAL YEAR IS 761 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laretha Cherise Powell Odumosu Executive Director - Middl | 40 | $131,325 | |
Rachel Valentin Executive Director - Eleme | 40 | $131,325 | |
Amy Novosel Employee | 40 | $105,807 | |
Kathleen Connor Secretary | OfficerTrustee | 1 | $0 |
Nakishia Williams Bailey PHD Vice President | OfficerTrustee | 1 | $0 |
Brett Taylor President | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Curriculum Associates Llc Instructional Services | 6/29/22 | $262,077 |
Achieve Logistic Systems Transportation Elementary School Transportation | 6/29/22 | $630,467 |
Food Works Management Llc Student Food Service Provider | 6/29/22 | $405,833 |
4048 Associates Llc Landlord For School Buildings | 6/29/22 | $935,691 |
First Group America Inc Middle School Transportation | 6/29/22 | $298,994 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,738,419 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,738,419 |
| Total Program Service Revenue | $3,423,451 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,528,512 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,690,382 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,360,867 |
| Pension plan accruals and contributions | -$2,000,178 |
| Other employee benefits | $826,496 |
| Payroll taxes | $322,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $539,181 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,163,370 |
| Travel | $1,364 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $304,102 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191,888 |
| Insurance | $62,355 |
| All other expenses | $28,267 |
| Total functional expenses | $8,983,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,144,786 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $383,324 |
| 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 | $39,080 |
| Net Land, buildings, and equipment | $59,475 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,003,286 |
| Total assets | $17,629,951 |
| Accounts payable and accrued expenses | $937,391 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $788,482 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,124,831 |
| Total liabilities | $32,850,704 |
| Net assets without donor restrictions | -$15,220,753 |
| 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 | $17,629,951 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Charter School Of New Castle Inc has recieved totaling $291,914.
| Awarding Organization | Amount |
|---|---|
East Side Community Learning Center Foundation Wilmington, DE PURPOSE: TO PROVIDE SUPPORT FOR THE ACTIVITIES OF THE CHARTER SCHOOL | $271,914 |
American Theatre Wing Inc New York, NY PURPOSE: PRODUCTION OF DRAMATIC AND/OR MUSICAL THEATRE | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
University Heights Charter School Of Excellence Inc Newark, NJ | $19,966,425 | $19,377,888 |
Propel Charter School Sunrise Pittsburgh, PA | $9,914,076 | $19,454,226 |
West Oak Lane Charter School Philadelphia, PA | $9,484,536 | $17,633,515 |
Central Jersey College Preparatory Charter School Somerset, NJ | $11,475,546 | $18,846,415 |
Mast Community Charter School Iii Philadelphia, PA | $53,124,349 | $21,172,350 |
Mast Community Charter School Ii Philadelphia, PA | $15,675,168 | $22,231,273 |
Bergen Arts And Science Charter School Fair Lawn, NJ | $12,632,550 | $21,570,680 |
Paterson Arts And Science Charter School Fair Lawn, NJ | $9,568,826 | $19,593,384 |
Freedom Prep Charter School Camden, NJ | $12,014,464 | $18,736,177 |
Mastery Charter School - Harrity Elementary Philadelphia, PA | $9,434,703 | $16,430,234 |
Wissahickon Charter School Philadelphia, PA | $12,512,836 | $17,919,129 |