Nonprofit · EIN 71-0940292
NEW DESIGNS CHARTER SCHOOL
Tax-exempt · LOS ANGELES, CA 90007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $26,642,053 | $24,945,956 | $1,696,097 | $123,508,412 | $106,422,422 | $17,085,990 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $25,981,495
- of which government grants
- $25,805,326
- Program service revenue
- $0
- Investment income
- $660,558
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,412,957
- Other salaries and wages
- $7,490,018
- Salaries, compensation and benefits (total)
- $12,697,254
- Professional fundraising fees
- $0
- Legal fees
- $206,286
- Accounting fees
- $17,100
- Occupancy
- $558,532
- Travel
- $26,386
- Depreciation
- $1,072,026
- Program services (functional)
- $15,399,934
- Management and general (functional)
- $9,546,022
Balance sheet and other
- Total assets, start of year
- $111,747,050
- Total assets, end of year
- $123,508,412
- Total liabilities, end of year
- $106,422,422
- Net assets, end of year
- $17,085,990
- Land, buildings and equipment
- $40,119,844
- Net assets without donor restrictions
- $17,082,341
- Net assets with donor restrictions
- $3,649
- Gross receipts
- $26,642,053
- Employees
- 126
- Year formed
- 2003
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL OKAITEYE | CEO Officer | 40 | $328,771 | $102,168 |
| EDWARD FRIMPONG | DIRECTOR OF HUMAN RESOURCES | 40 | $147,376 | $55,317 |
| STEPHEN GYESAW | PRINCIPAL | 40 | $166,254 | $11,910 |
| HAZEL ROJAS | DIRECTOR EDUCATION SERV | 40 | $142,734 | $31,291 |
| SAMUEL KYEREMATEN | DIRECTOR BUSINESS SERVICES | 40 | $124,321 | $42,086 |
| MARCUS HERRING | SCHOOL OPERATIONS MGR | 40 | $133,350 | $26,714 |
| DAVID DWOBENG-MANU | TEACHER | 40 | $122,617 | $36,446 |
| KIM GRAY-SMITH | ASST. PRINCIPAL | 40 | $123,747 | $31,871 |
| REUBEN AMPDU-ASIAMAH | BUSINESS MANAGER | 40 | $120,203 | $35,066 |
| DEVON JACKSON | PRINCIPAL | 40 | $126,201 | $28,168 |
| EVELYN ALCOS | TEACHER | 40 | $120,194 | $31,297 |
| PAUL BOAKYE | FACILITIES MANAGER | 40 | $114,061 | $36,249 |
| MICHAEL SITHOLE | SEN PROJECT MGR | 40 | $123,276 | $22,958 |
| PERCY PORTER | DEAN OF DISIPLINE | 40 | $114,503 | $29,562 |
| LLOYD MCKINNEY | President Trustee or director, Officer | 2 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHELDON ZASLANSKY | Treasurer Trustee or director, Officer | 2 | $0 |
| DEREK AKROFI | Secretary Trustee or director, Officer | 2 | $0 |
| DIEGO ABBA | Director Trustee or director | 2 | $0 |
| KOJO ESSIEN | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1342 W ADAMS BLVD, LOS ANGELES, CA 90007-1635
- Principal officer (990 for 2024)
- PAUL OKAITEYE, 2303 S FIGUEROA WAY, LOS ANGELES, CA 90047
- Signed the 990
- PAUL OKAITEYE, CEO
- Phone
- (213) 765-9084
- Return prepared by
- Wilkinson Hadley King & Co LLP
Mission
EDUCATIONAL
Program accomplishments
- THE SCHOOL WAS ABLE TO EDUCATE APPROXIMATELY 1,000 CHILDREN IN GRADES SIX THROUGH TWELVE, GIVING THEM HOPE IN A NEIGHBORHOOD WHERE HOPE DOES NOT EXIST. THE GRADUATING STUDENTS WERE BALE TO GO ON TO VARIOUS UNIVERSITIES AND COLLEGES THAT THEY DID NOT DREAM OF GOING TO. THE SCHOOL HAS MADE A POSITIVE IMPACT ON THIS COMMUNITY AS A WHOLE.Expenses $15,399,934
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 71-0940292
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $123,508,412
- Income (IRS master file)
- $26,642,053
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $23,432,981 | $22,240,384 | $104,852,558 | IRS |
| 990 | June 2022 | $22,376,572 | $22,072,563 | $57,866,509 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about NEW DESIGNS CHARTER SCHOOL
- What is the EIN of NEW DESIGNS CHARTER SCHOOL?
- The employer identification number (EIN) of NEW DESIGNS CHARTER SCHOOL is 71-0940292.
- Is NEW DESIGNS CHARTER SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to NEW DESIGNS CHARTER SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW DESIGNS CHARTER SCHOOL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW DESIGNS CHARTER SCHOOL due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW DESIGNS CHARTER SCHOOL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW DESIGNS CHARTER SCHOOL?
- The 990 for the year ended June 30, 2025 names PAUL OKAITEYE.
- Who are the officers and directors of NEW DESIGNS CHARTER SCHOOL?
- The 990 for the year ended June 30, 2025 lists 19 people; 14 received compensation from the organization, the highest $328,771 (PAUL OKAITEYE, CEO).
- How much revenue does NEW DESIGNS CHARTER SCHOOL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $26,642,053, expenses of $24,945,956 and total assets of $123,508,412 at year end.
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