THE FRIENDS OF TEAM CHARTER SCHOOLS INC

THE FRIENDS OF TEAM CHARTER SCHOOLS INC

Newark, NJ, US
501(c)3
EIN
20-1018667
Single Organization Support

THE FRIENDS OF TEAM CHARTER SCHOOLS INC

Newark, NJ, US
501(c)3
EIN
20-1018667
Single Organization Support

Overview

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Est.

2004

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

THE FRIENDS OF TEAM CHARTER SCHOOLS INC is a New Jersey-based nonprofit organization dedicated to supporting TEAM Academy Charter School by providing financial assistance and facilitating the development and operation of facilities for its educational programs. With an operating budget of $11.5 million and total revenue of $16.3 million, the organization plays a significant role in enhancing educational opportunities in the region. Notably, it does not rely on a single funder for 50% or more of its revenue. For more information, visit www.kippnj.org.

Mission Statement

THE FRIENDS OF TEAM CHARTER SCHOOLS, INC. A NEW JERSEY NON-PROFIT ORGANIZATION (FOT) WAS ORGANIZED TO PROVIDE SUPPORT AND SERVICES TO TEAM ACADEMY CHARTER SCHOOL, INC. (TEAM). THE SUPPORT SERVICES INCLUDE PROVIDING (A) FINANCIAL SUPPORT AND (B) SUPPORT WITH FACILITIES DEVELOPMENT, FINANCING, AND OPERATION FOR FACILITIES USED BY TEAM FOR ITS PROGRAMS.
Revenues

$16.3M

Expenses

$11.5M

Net Income:
+$4.8M
Assets

$220.6M

Liabilities

$156.4M

Net Assets:
+$64.2M
Operating Budget

$11.5M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

2

Median grant size
$257.5K
Largest grant received
$500K
L
Lea Ciavarra
Board Member
S
Sara Sorbello
Board Member
J
Jordan Metzger
Board Member

Frequently Asked Questions

What is THE FRIENDS OF TEAM CHARTER SCHOOLS INC’s budget?
In 2024, THE FRIENDS OF TEAM CHARTER SCHOOLS INC reported an annual operating budget of around $11.5 million. More detailed financial information is available to registered users.
What causes does THE FRIENDS OF TEAM CHARTER SCHOOLS INC support?
THE FRIENDS OF TEAM CHARTER SCHOOLS INC supports work in Education.
Where does THE FRIENDS OF TEAM CHARTER SCHOOLS INC operate?
THE FRIENDS OF TEAM CHARTER SCHOOLS INC is headquartered in Newark, NJ.
Who funded THE FRIENDS OF TEAM CHARTER SCHOOLS INC recently?
In 2024, THE FRIENDS OF TEAM CHARTER SCHOOLS INC received grants from KIPP TEAM AND FAMILY SCHOOLS INC, VANGUARD CHARITABLE ENDOWMENT PROGRAM, and NATIONAL PHILANTHROPIC TRUST. More information on this organization’s funders is available to registered users.
What is the largest grant THE FRIENDS OF TEAM CHARTER SCHOOLS INC received in 2024?
The largest grant to THE FRIENDS OF TEAM CHARTER SCHOOLS INC in 2024 exceeds $500 thousand.
Overview
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