Nonprofit · EIN 86-1105534
CHARTER SCHOOL OF NEW CASTLE INC
Tax-exempt · HST NEWCASTLE, DE 19720
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $14,416,290 | $13,221,001 | $1,195,289 | $13,216,820 | $23,959,720 | -$10,742,900 |
| June 30, 2024 | 990 | $15,424,401 | $12,441,308 | $2,983,093 | $14,806,624 | $26,744,813 | -$11,938,189 |
| June 30, 2023 | 990 | $14,898,825 | $14,599,354 | $299,471 | $13,691,501 | $28,612,783 | -$14,921,282 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $9,406,848
- of which government grants
- $9,406,848
- Program service revenue
- $4,777,681
- Investment income
- $231,761
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $473,260
- Other salaries and wages
- $4,441,723
- Salaries, compensation and benefits (total)
- $6,592,479
- Professional fundraising fees
- $0
- Occupancy
- $1,098,037
- Travel
- $4,147
- Depreciation
- $127,725
- Program services (functional)
- $13,221,001
Balance sheet and other
- Total assets, start of year
- $14,806,624
- Total assets, end of year
- $13,216,820
- Total liabilities, end of year
- $23,959,720
- Net assets, end of year
- -$10,742,900
- Land, buildings and equipment
- $2,358,725
- Net assets without donor restrictions
- -$10,742,900
- Gross receipts
- $14,416,290
- Employees
- 67
- Volunteers
- 10
- Year formed
- 2005
- State of legal domicile
- DE
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 |
|---|---|---|---|---|
| LARETHA ODUMOSU | EXECUTIVE DIRECTOR - MIDDLE SCHOOL Officer | 40 | $180,965 | $71,392 |
| RACHEL VALENTIN | EXECUTIVE DIRECTOR - ELEMENTARY SCHOOL Officer | 40 | $169,772 | $51,131 |
| AMY NOVOSEL | PRINCIPAL - ELEMENTARY SCHOOL Highest-paid employee | 40 | $134,081 | $60,577 |
| SARA TOUSSAINT-MOODY | PRINCIPAL - MIDDLE SCHOOL Highest-paid employee | 40 | $131,800 | $60,017 |
| NADEGE PYATT | ASSISTANT PRINCIPAL - ELEMENTARY SCHOOL Highest-paid employee | 40 | $128,380 | $29,658 |
| HENRY NAYLOR IV | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| NAKISHIA WILLIAMS BAILEY PHD | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS PRESTON | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| LATANYA PIERCE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RASHEENA BUNGY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DORIS KERR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HERSH PATEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EMILY LEACH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GENEER JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRETT TAYLOR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LARETHA ODUMOSU | EXECUTIVE DIRECTOR - MIDDLE SCHOOL Highest-paid employee | 40 | $177,486 | $66,403 |
| RACHEL VALENTIN | EXECUTIVE DIRECTOR - ELEMENTARY SCHOOL Highest-paid employee | 40 | $166,832 | $46,134 |
| AMY NOVOSEL | PRINCIPAL - ELEMENTARY SCHOOL Highest-paid employee | 40 | $133,451 | $57,296 |
| SARA TOUSSAINT-MOODY | PRINCIPAL - MIDDLE SCHOOL Highest-paid employee | 40 | $130,683 | $55,584 |
| NADEGE PYATT | ASSISTANT PRINCIPAL - ELEMENTARY SCHOOL Highest-paid employee | 40 | $125,036 | $28,808 |
| HENRY NAYLOR IV | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| NAKISHIA WILLIAMS BAILEY PHD | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS PRESTON | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| LATANYA PIERCE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RASHEENA BUNGY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DORIS KERR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HERSH PATEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EMILY LEACH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GENEER JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRETT TAYLOR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RACHEL VALENTIN | EXECUTIVE DIRECTOR - ELEME Highest-paid employee | 40 | $134,608 | $47,274 |
| LARETHA CHERISE POWELL ODUMOSU | EXECUTIVE DIRECTOR - MIDDL Highest-paid employee | 40 | $134,608 | $31,223 |
| AMY NOVOSEL | EMPLOYEE Highest-paid employee | 40 | $107,394 | $47,285 |
| BRETT TAYLOR | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| NAKISHIA WILLIAMS BAILEY PHD | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS PRESTON | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| KATHLEEN CONNOR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GENEER JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HENRY NAYLOR IV | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LATANYA PIERCE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GEAMARICE NAPIER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 170 LUKENS DR, HST NEWCASTLE, DE 19720-2727
- In care of
- % BALINDA MORRIS
- Principal officer (990 for 2024)
- HENRY NAYLOR IV, 170 LUKENS DRIVE, NEW CASTLE, DE 197202727
- Signed the 990
- HENRY NAYLOR IV, PRESIDENT
- Phone
- (302) 678-3247
- Return prepared by
- MAILLIE LLP
Mission
A DELAWARE CHARTER SCHOOL WITH A MISSION THAT ACKNOWLEDGES THE LEARNING DIFFERENCES OF EACH INDIVIDUAL CHILD AND NURTURES THE UNIQUENESS OF EACH FAMILY STRUCTURE.
Program accomplishments
- 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 2024-2025 FISCAL YEAR IS 788 STUDENTS.Expenses $13,221,001 · revenue $4,777,681
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
- 86-1105534
- 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
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $13,216,820
- Income (IRS master file)
- $14,416,290
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $14,416,290 | $13,221,001 | $13,216,820 | IRS |
| 990 | June 2024 | $15,424,401 | $12,441,308 | $14,806,624 | IRS |
| 990 | June 2023 | $14,898,825 | $14,599,354 | $13,691,501 | XML |
| 990 | June 2022 | $13,690,382 | $8,983,364 | $17,629,951 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 86-1105534).
Questions about CHARTER SCHOOL OF NEW CASTLE INC
- What is the EIN of CHARTER SCHOOL OF NEW CASTLE INC?
- The employer identification number (EIN) of CHARTER SCHOOL OF NEW CASTLE INC is 86-1105534.
- Is CHARTER SCHOOL OF NEW CASTLE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to CHARTER SCHOOL OF NEW CASTLE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHARTER SCHOOL OF NEW CASTLE INC 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 CHARTER SCHOOL OF NEW CASTLE INC 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 CHARTER SCHOOL OF NEW CASTLE INC 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 CHARTER SCHOOL OF NEW CASTLE INC?
- The 990 for the year ended June 30, 2025 names HENRY NAYLOR IV.
- Who are the officers and directors of CHARTER SCHOOL OF NEW CASTLE INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 5 received compensation from the organization, the highest $180,965 (LARETHA ODUMOSU, EXECUTIVE DIRECTOR - MIDDLE SCHOOL).
- How much revenue does CHARTER SCHOOL OF NEW CASTLE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $14,416,290, expenses of $13,221,001 and total assets of $13,216,820 at year end.
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