Team Academy Charter School Inc
78% goes to programs $1 to raise $100 Growing revenue
Team Academy Charter School Inc is a 501(c)(3) organization based in Newark, New Jersey, registered in 2005, with $177,408,917 in FY2023 revenue. CharityIndex grades it B+, and it directs about 78% of spending to programs.
60 Park Pl Ste 802, Newark, NJ, 07102 EIN 01-0660264 Since 2005
Revenue (FY2023)
$177.4M
▲ 13.0% vs prior year
Education median: $200K
Expenses (FY2023)
$165.0M
Net assets
$35.1M
Employees
1,336
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
B+Program efficiency40% of the rating78% to programs · $1 to raise $100
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. For Team Academy Charter School Inc: 78% to programs · $1 to raise $100 earns a B+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating3 mo reserves · +7% 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 Team Academy Charter School Inc: 3 mo reserves · +7% margin earns a B on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
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. For Team Academy Charter School Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Team Academy Charter School Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Team academy charter school is a free, open enrollment, college-preparatory public school dedicated to preparing students in underserved communities for success in college and life.
Contact & location
- Address
- 60 Park Pl Ste 802, Newark, NJ, 07102
- City
- Newark
- State
- New Jersey
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $49.0M (FY2013) to $177.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $234.3MNet assets $35.1M
Operating margin
7.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$269.4M
Total liabilities
$234.3M
Net assets
$35.1M
Salaries & benefits
$88.0M
53% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $177,408,917▲13.0% | $164,995,637▲9.8% | $35,143,167▲54.6% | $269,406,142▲10.0% | 990 |
| 2022 | $156,931,250▲9.7% | $150,297,552▲11.6% | $22,729,887▲41.2% | $244,834,103▲20.1% | 990 |
| 2021 | $143,042,988▲27.7% | $134,713,240▲24.2% | $16,096,189▲107% | $203,861,909▲225% | 990 |
| 2020 | $112,036,254▲13.2% | $108,478,843▲8.9% | $7,766,441▲84.5% | $62,784,056▲38.2% | 990 |
| 2019 | $98,943,862▲6.9% | $99,614,368▲10.6% | $4,209,030▼13.7% | $45,426,525▼0.7% | 990 |
| 2018 | $92,566,192▲12.1% | $90,061,878▲10.8% | $4,879,536▼51.0% | $45,736,348▲183% | 990 |
| 2017 | $82,606,764▲8.4% | $81,277,116▲5.4% | $9,955,600▲15.4% | $16,145,867▲11.9% | 990 |
| 2016 | $76,176,227▲13.1% | $77,149,208▲13.1% | $8,625,952▼10.1% | $14,425,080▲7.6% | 990 |
| 2015 | $67,380,739▲13.1% | $68,188,365▲16.7% | $9,598,933▼7.8% | $13,406,250▲5.7% | 990 |
| 2014 | $59,593,903▲21.6% | $58,422,478▲25.1% | $10,406,559▲12.7% | $12,679,776▼1.4% | 990 |
| 2013 | $49,007,700 | $46,704,103▲25.5% | $9,235,134▲33.2% | $12,862,420▲6.4% | 990 |
| 2012 | — | $37,209,033▲26.2% | $6,931,537▲63.1% | $12,094,350▲83.2% | 990 |
| 2011 | — | $29,490,005▲16.5% | $4,248,784▲80.4% | $6,602,925▲80.1% | 990 |
| 2010 | — | $25,310,354▲30.1% | $2,355,554▲53.5% | $3,666,011▲32.6% | 990 |
| 2009 | — | $19,452,929 | $1,534,898 | $2,763,791 | 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.
Leadership & compensation (FY2023)
Highest-paid: Kyle Meacham — $200,874 (0.12% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kyle Meacham | Managing Director | 40 | $200,874 |
| Jenna Marcus | Head of Schools | 40 | $184,980 |
| Lisa Bonnifield | Head of Schools | 40 | $172,434 |
| Jeffrey Weber | Managing Director of Operations | 40 | $153,374 |
| Kara Brockett | Managing Director | 40 | $152,059 |
| Ihsaan Brown | Trustee | 2 | — |
| Joanna Belcher | Executive Director | 40 | — |
| Julie Keenan | Trustee | 2 | — |
| Karen Leach-toomer | Trustee | 2 | — |
| Kevin Morrison | Trustee | 2 | — |
| Rasheen Peppers | Trustee | 2 | — |
| Steve Small | Cfo | 20 | — |
| Tafshier Cosby | Trustee | 2 | — |
| Tim Carden | Board President | 2 | — |
| Vince Marigna | Trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Dicara Rubino Architects | Construction Services | $1,571,678 |
| Ktc Nyc LLC | Educational Services | $937,766 |
| Essex Regional Educational Services Comm | Educational Services | $855,627 |
| Education Facility Management LLC | Janitorial Services | $796,985 |
| Ampro | Printing/advertising Services | $671,008 |
Grants received · $19.9M total
15 grants to Team Academy Charter School Inc totaling $19.9M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Kipp Foundation | Academic one kipp initiatives, principal pipeline & development, postsecondary career pathway support, school start-up | 2023 | $1,789,233 |
| Kipp Foundation | School start-up, covid-19 assistance, college persistence, career integration, k-12 academics-computer science, principal pipeline & development | 2022 | $2,269,306 |
| Kipp Foundation | New school start-up; director of leadership development; marketing; covid-19 emergency; postsecondary match, career, and transfer & reenrollment; mental-health & healing | 2021 | $3,880,159 |
| Kipp Foundation | School start-up, covid-19 assistance, college persistence, career integration, k-12 academics-computer science, principal pipeline & development | 2020 | $3,383,236 |
| Kipp Foundation | School start-up, principal pipeline & development, kipp through college, stem, covid-19 emergency relief | 2019 | $2,257,293 |
| Kipp Foundation | School start-up, principal pipeline & development, school music programs, financial literacy, kipp through college, local advocacy | 2018 | $1,416,131 |
| Community Foundation of New Jersey | Grant support | 2018 | $32,325 |
| Kipp Foundation | Network growth & sustainability; kipp through college, external impact, other | 2017 | $400,557 |
| Kipp Foundation | School start-up, principal pipeline & development, school music programs, financial literacy, kipp through college, local advocacy | 2016 | $1,265,638 |
| New Schools Fund | Newark city fund | 2016 | $765,000 |
| New Schools Fund | City fund - newark | 2015 | $1,200,000 |
| Kipp Foundation | Principal pipeline & development, school start-up, kipp through college | 2015 | $671,637 |
| Community Foundation of New Jersey | General support | 2015 | $10,000 |
| Kipp Foundation | Principal pipeline & development, philanthropic pass through, school start-up, federal sub-grants | 2014 | $533,068 |
| Community Foundation of New Jersey | General support | 2014 | $25,000 |
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Compare Team Academy Charter School Inc
Frequently asked questions
- Is Team Academy Charter School Inc a legitimate nonprofit?
- Yes. Team Academy Charter School Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 01-0660264, based in Newark, New Jersey. Donations are tax-deductible.
- What is Team Academy Charter School Inc's EIN?
- Team Academy Charter School Inc's Employer Identification Number (EIN) is 01-0660264.
- How much revenue does Team Academy Charter School Inc report?
- Team Academy Charter School Inc reported $177,408,917 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Team Academy Charter School Inc's spending goes to programs?
- Team Academy Charter School Inc spends about 78% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Team Academy Charter School Inc have?
- CharityIndex grades Team Academy Charter School Inc B+, based on program efficiency and fundraising cost.
- How much does Team Academy Charter School Inc's highest-paid employee make?
- The highest reported compensation on Team Academy Charter School Inc's latest Form 990 is $200,874, paid to Kyle Meacham (Managing Director).
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Data for Team Academy Charter School Inc (EIN 01-0660264) 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.