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
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The Friends of Team Charter Schools Inc, a New Jersey nonprofit organization, is dedicated to providing financial support and services for Team Academy Charter School, focusing on facilities development, financing, and operational assistance. With an operating budget of $11.1 million and total revenue of $15.2 million for the 2023 fiscal year, the organization does not rely on any single funder for 50% or more of its revenue. More information can be found on their website at 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

$15.2M

Expenses

$11.1M

Net Income:
+$4.1M
Assets

$232.3M

Liabilities

$172.9M

Net Assets:
+$59.4M
Operating Budget

$11.1M

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

1

Median grant size
$15K
Largest grant received
$15K
S
Sara Sorbello
Board Member
T
Timothy Carden
Board Member
L
Lea Ciavarra
Board Member

Frequently Asked Questions

What is THE FRIENDS OF TEAM CHARTER SCHOOLS INC’s budget?
In 2023, THE FRIENDS OF TEAM CHARTER SCHOOLS INC reported an annual operating budget of around $11.1 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 VANGUARD CHARITABLE ENDOWMENT PROGRAM, NATIONAL PHILANTHROPIC TRUST, and FIDELITY INVESTMENTS CHARITABLE GIFT FUND. 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 $15 thousand.
Overview
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