New Dawn Charter High School

Nonprofit profile at a glance

EIN
453058039
IRS 990 coverage
2012–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Brooklyn, NY, US
Phone
(347) 505-9101
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Elementary, Secondary Education, K - 12

Official website

Reported finances

Revenue
$19,295,744
Expenses
$15,533,486
Assets
$73,859,263
Liabilities
$49,835,232

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • SARA M ASMUSSEN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • SARA M ASMUSSEN (EXECUTIVE DIRECTOR): $325,698 total reported compensation
  • STEVE RAMKISSON (DIRECTOR OF FINANCE): $243,327 total reported compensation
  • LISA DIGUADIO (DIRECTOR OF CURRICULUM): $238,166 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

New Dawn Charter Schools is dedicated to helping every student succeed.

What it reported doing in 2024

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.

Operating model

Revenue model
Grant-funded. 93% of the money available for current operations came from government grants.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 84
  • Accountability: 100
  • Sustainability: 68
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70%; rating input score 70
  • Program expense ratio: 86%; rating input score 86
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th 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: 19.5%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 4.75; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.67; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 9.9%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: 15.9% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 13.7% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 21.8% per year; rating input score 100; 91st percentile among comparable filings

Details

  • What they do: 2 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 70% of revenue deployed · 86% of spending went to programs
  • Governance: 5 of 5 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $13.4M in reported program spending
  • Leadership: top reported pay $326K · 13 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $1.1M reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Liabilities to assets ratio scored 19/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.