Overview
What is New Designs Charter School?
New Designs Charter School is a dedicated educational nonprofit organization that nurtures a college-preparatory atmosphere for its students. Their mission is to foster literacy, self-motivation, and a lifelong learning mindset among the students, setting them up for future academic success.
Official website here: www.newdesignscharter.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
New Designs Charter School received a two-star rating from Charity Navigator with a score of 74%. The organization excels in accountability and financial practices, achieving a perfect score in several areas, including having a majority of independent board members and maintaining solid oversight through its audit and compliance committees. These strengths indicate a robust governance structure and a commitment to transparency.
However, the organization faces significant challenges in its financial performance metrics, particularly with a high liabilities-to-assets ratio of 87.33%, which raised concerns about its financial health. Additionally, the absence of its tax form on its website detracts from its transparency efforts, contributing to the overall rating of "Needs Improvement." While the program expense ratio is relatively strong at 64.17%, these financial limitations may affect the school’s sustainability and ability to serve its community effectively.
Overall, while New Designs Charter School demonstrates strong governance and accountability, the financial concerns highlighted in the rating suggest that improvements are necessary to enhance its operational viability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is New Designs Charter School legitimate?
New Designs Charter School is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Designs Charter School submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $434,863
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,035,171
For more financial information, click here
Official website here: www.newdesignscharter.com
What is the mission statement of New Designs Charter School?
New Designs Charter Schools prioritize creating a college-preparatory atmosphere that fosters literacy and self-motivation among students. By nurturing these skills, the schools aim to cultivate life-long learners. The educational institution is dedicated to providing an environment that enables students to reach their full potential and succeed academically. The schools' commitment extends beyond the classroom, encouraging students to develop a love for learning that will benefit them throughout their lives.
Official website here: www.newdesignscharter.com
Who is the CEO of New Designs Charter School?
Paul Okaiteye is the CEO of New Designs Charter School The CEO's salary of New Designs Charter School is $319,607 and their total compensation is $427,986.
Official website here: www.newdesignscharter.com
What is the revenue of New Designs Charter School?
New Designs Charter School's revenue in 2023 was $23,432,981.
Official website here: www.newdesignscharter.com
Who are the executives of New Designs Charter School and what are their salaries?
The average compensation at New Designs Charter School during 2023 was $58,360. There are 128 employees at New Designs Charter School.
Here are 12 key members and their salaries (New Designs Charter School's CEO's salary is $319,607 and their total compensation is $427,986):
- Compensation: $319,607
- Related: $0
- Other: $108,379
- Compensation: $149,940
- Related: $0
- Other: $43,220
- Compensation: $136,752
- Related: $0
- Other: $53,705
- Compensation: $140,044
- Related: $0
- Other: $37,159
- Compensation: $115,256
- Related: $0
- Other: $38,505
- Compensation: $116,779
- Related: $0
- Other: $35,053
- Compensation: $112,059
- Related: $0
- Other: $30,149
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.newdesignscharter.com
Where can I find the form 990 for New Designs Charter School?
New Designs Charter School's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.newdesignscharter.com
Learn more at the official website: www.newdesignscharter.com
Mission Statement of New Designs Charter School
New Designs Charter Schools are dedicated to fostering an educational setting that nurtures college-bound students. By providing a college-preparatory atmosphere, these schools aim to cultivate literate, self-driven learners who will continue to seek knowledge throughout their lives. The institutions are committed to enabling students to develop essential skills, setting them on a path towards higher education and personal growth.
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Impact
October, 2024
New Designs Charter School has a significant impact on the educational landscape in Los Angeles, California, by fostering a college-preparatory environment that equips students with essential skills for academic and personal success.
The school emphasizes literacy and self-motivation, encouraging students to become lifelong learners. This commitment not only helps students achieve academic excellence but also prepares them for the challenges of higher education and beyond. The environment at New Designs promotes critical thinking, collaboration, and personal growth, contributing positively to the overall development of its students.
By focusing on creating well-rounded individuals, New Designs Charter School plays a crucial role in shaping the future of its students and the community, ultimately empowering them to pursue their goals with confidence and resilience.
This information is meant to be a general summary of New Designs Charter School. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $149,875
- Gross Receipts: $23,432,981
Assets and Liabilities:
- Total Assets: $57,866,509
- Total Liabilities: $45,784,672
- Net Assets: $12,081,837
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Organization Details
Founding Year
2003
Principal Officer
Paul Okaiteye
Website
www.newdesignscharter.comNTEE Category
Code: B29 - Education
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