Friends of Team Academy Charter School A New Jersey Non-profit Org
Only null% goes to programs Strong reserves Growing revenue
Friends of Team Academy Charter School A New Jersey Non-profit Org is a 501(c)(3) organization based in Newark, New Jersey, registered in 2004, with $16,279,365 in FY2023 revenue. CharityIndex grades it B.
60 Park Pl Ste 802, Newark, NJ, 07102 EIN 20-1018667 Since 2004
Revenue (FY2023)
$16.3M
▲ 7.0% vs prior year
Education median: $200K
Expenses (FY2023)
$11.5M
Net assets
$64.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Friends of Team Academy Charter School A New Jersey Non-profit Org— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating67 mo reserves · +29% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Friends of Team Academy Charter School A New Jersey Non-profit Org: 67 mo reserves · +29% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Friends of Team Academy Charter School A New Jersey Non-profit Org— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Friends of Team Academy Charter School A New Jersey Non-profit Org: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 60 Park Pl Ste 802, Newark, NJ, 07102
- City
- Newark
- State
- New Jersey
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Website
- …
Financial trends
Revenue grew from $14.5M (FY2013) to $16.3M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $156.4MNet assets $64.2M
Operating margin
29.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$220.6M
Total liabilities
$156.4M
Net assets
$64.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $16,279,365▲7.0% | $11,481,344▲3.1% | $64,213,871▲8.1% | $220,603,171▼5.0% | 990 |
| 2022 | $15,217,036▲29.7% | $11,131,185▲28.3% | $59,415,850▲7.4% | $232,313,773▼3.7% | 990 |
| 2021 | $11,734,420▼4.8% | $8,672,739▲17.2% | $55,329,999▲5.9% | $241,241,974▲25.1% | 990 |
| 2020 | $12,328,545▲13.1% | $7,401,905▲1.0% | $52,268,318▲10.4% | $192,911,739▲36.9% | 990 |
| 2019 | $10,896,407▼7.7% | $7,327,141▼15.1% | $47,341,678▲8.2% | $140,895,383▲9.6% | 990 |
| 2018 | $11,809,919▲10.4% | $8,633,573▲12.0% | $43,772,412▲7.1% | $128,551,917▲16.1% | 990 |
| 2017 | $10,699,772▼18.7% | $7,707,737▼5.7% | $40,873,836▲11.1% | $110,750,034▼0.3% | 990 |
| 2016 | $13,154,469▼7.1% | $8,177,831▼20.2% | $36,782,241▲22.4% | $111,049,815▼0.6% | 990 |
| 2015 | $14,162,835▼2.3% | $10,254,101▲4.7% | $30,042,310▲28.3% | $111,744,523▲39.6% | 990 |
| 2013 | $14,494,908 | $9,794,292▲292% | $23,417,959▲33.0% | $80,048,365▲0.1% | 990 |
| 2012 | — | $2,498,344▲38.6% | $17,603,115▲32.8% | $79,954,002▲50.3% | 990 |
| 2011 | — | $1,802,320▼0.4% | $13,256,751▲71.9% | $53,205,614▲63.2% | 990 |
| 2010 | — | $1,809,069▲21.0% | $7,709,841▲41.6% | $32,611,099▲269% | 990 |
| 2009 | — | $1,494,792 | $5,443,646 | $8,844,717 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $489K total
24 grants to Friends of Team Academy Charter School A New Jersey Non-profit Org totaling $489K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $15,000 |
| National Philanthropic Tr | Education | 2022 | $10,000 |
| American Endowment Foundation | Educational | 2021 | $22,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $12,300 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $12,300 |
| National Philanthropic Tr | Education | 2021 | $10,000 |
| American Endowment Foundation | Programs | 2020 | $16,000 |
| National Philanthropic Tr | Education | 2020 | $15,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $10,300 |
| American Endowment Foundation | Programs | 2019 | $12,000 |
| National Philanthropic Tr | Education | 2019 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $20,300 |
| National Philanthropic Tr | Education | 2018 | $12,000 |
| American Endowment Foundation | Programs | 2018 | $12,000 |
| American Endowment Foundation | Programs | 2017 | $14,000 |
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Frequently asked questions
- Is Friends of Team Academy Charter School A New Jersey Non-profit Org a legitimate nonprofit?
- Yes. Friends of Team Academy Charter School A New Jersey Non-profit Org is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-1018667, based in Newark, New Jersey. Donations are tax-deductible.
- What is Friends of Team Academy Charter School A New Jersey Non-profit Org's EIN?
- Friends of Team Academy Charter School A New Jersey Non-profit Org's Employer Identification Number (EIN) is 20-1018667.
- How much revenue does Friends of Team Academy Charter School A New Jersey Non-profit Org report?
- Friends of Team Academy Charter School A New Jersey Non-profit Org reported $16,279,365 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Friends of Team Academy Charter School A New Jersey Non-profit Org have?
- CharityIndex grades Friends of Team Academy Charter School A New Jersey Non-profit Org B, based on financial health (reserves and operating margin).
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Data for Friends of Team Academy Charter School A New Jersey Non-profit Org (EIN 20-1018667) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.