Nonprofit · EIN 01-0660264
TEAM ACADEMY CHARTER SCHOOL INC
Tax-exempt · NEWARK, NJ 07102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $174,655,411 | $175,584,499 | -$929,088 | $282,966,837 | $248,752,758 | $34,214,079 |
| June 30, 2024 | 990 | $177,408,917 | $164,995,637 | $12,413,280 | $269,406,142 | $234,262,975 | $35,143,167 |
| June 30, 2023 | 990 | $156,931,250 | $150,297,552 | $6,633,698 | $244,834,103 | $222,104,216 | $22,729,887 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $171,802,721
- of which government grants
- $169,095,286
- Program service revenue
- $188,664
- Investment income
- $1,942,914
- Net rental income
- $721,112
- Other revenue
- $721,112
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $72,854,595
- Salaries, compensation and benefits (total)
- $99,781,527
- Professional fundraising fees
- $0
- Legal fees
- $55,199
- Accounting fees
- $121,460
- Occupancy
- $2,826,772
- Depreciation
- $8,921,556
- Program services (functional)
- $130,338,434
- Management and general (functional)
- $44,249,062
- Fundraising (functional)
- $997,003
Balance sheet and other
- Total assets, start of year
- $269,406,142
- Total assets, end of year
- $282,966,837
- Total liabilities, end of year
- $248,752,758
- Net assets, end of year
- $34,214,079
- Land, buildings and equipment
- $27,300,290
- Publicly traded securities
- $31,547,466
- Gross receipts
- $174,655,411
- Employees
- 1,358
- Volunteers
- 8
- Year formed
- 2002
- State of legal domicile
- NJ
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 |
|---|---|---|---|---|
| ANTONIA O'SULLIVAN | HEAD OF SCHOOLS Highest-paid employee | 40 | $183,613 | $33,116 |
| LISA BONNIFIELD | HEAD OF SCHOOLS Highest-paid employee | 40 | $171,738 | $32,816 |
| JENNA MARCUS | HEAD OF SCHOOLS Highest-paid employee | 40 | $168,600 | $33,116 |
| KYLE MEACHAM | CHIEF OF STAFF Highest-paid employee | 40 | $170,426 | $1,200 |
| YEPPII ESTEBAN | MANAGING DIRECTOR OF SCHOOL OPERATIONS Highest-paid employee | 40 | $165,650 | $1,500 |
| TIM CARDEN | BOARD PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JULIE KEENAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KEVIN MORRISON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RASHEEN PEPPERS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| VINCE MARIGNA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| IHSAAN BROWN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| TAFSHIER COSBY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KAREN LEACH-TOOMER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ANDREW MARTIN | EXECUTIVE DIRECTOR Officer | 5 | $0 | $0 |
| ERICA GROHMAN | CFO Officer | 10 | $0 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JENNA MARCUS | HEAD OF SCHOOLS Highest-paid employee | 40 | $184,980 | $32,005 |
| KYLE MEACHAM | MANAGING DIRECTOR Highest-paid employee | 40 | $200,874 | $11,698 |
| LISA BONNIFIELD | HEAD OF SCHOOLS Highest-paid employee | 40 | $172,434 | $31,705 |
| JEFFREY WEBER | MANAGING DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $153,374 | $32,005 |
| KARA BROCKETT | MANAGING DIRECTOR Highest-paid employee | 40 | $152,059 | $32,005 |
| TIM CARDEN | BOARD PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JULIE KEENAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KEVIN MORRISON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RASHEEN PEPPERS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| VINCE MARIGNA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| IHSAAN BROWN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| TAFSHIER COSBY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KAREN LEACH-TOOMER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOANNA BELCHER | EXECUTIVE DIRECTOR Officer | 40 | $0 | $0 |
| STEVE SMALL | CFO Officer | 20 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANTONIA O'SULLIVAN | SCHOOL LEADER Highest-paid employee | 40 | $176,321 | $19,648 |
| JENNA MARCUS | HEAD OF SCHOOLS Highest-paid employee | 40 | $172,056 | $20,105 |
| ARTHUR DYMIR | HEAD OF SCHOOLS Highest-paid employee | 40 | $180,323 | $7,279 |
| MARY POTTER | HEAD OF SCHOOLS Highest-paid employee | 40 | $166,123 | $18,240 |
| VERONICA FLOREZ | SCHOOL LEADER Highest-paid employee | 40 | $182,939 | $1,200 |
| TIM CARDEN | BOARD PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| SHEILA BOYD | TRUSTEE (UNTIL 6/2023) Trustee or director | 2 | $0 | $0 |
| JULIE KEENAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KEVIN MORRISON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RASHEEN PEPPERS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| VINCE MARIGNA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| IHSAAN BROWN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BRENDAN MAHER | BOARD PRESIDENT (UNTIL 10/2022) Trustee or director, Officer | 2 | $0 | $0 |
| JOANNA BELCHER | EXECUTIVE DIRECTOR Officer | 40 | $0 | $0 |
| STEVE SMALL | CFO Officer | 20 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 60 PARK PL STE 802, NEWARK, NJ 07102-5508
- In care of
- % RYAN HILL
- Principal officer (990 for 2024)
- ERICA GROHMAN, 60 PARK PLACE 802, NEWARK, NJ 07102
- Signed the 990
- ERICA GROHMAN, CFO
- Phone
- (973) 622-0905
- Website
- WWW.TEAMACADEMY.ORG
- Return prepared by
- AAFCPAS INC
Mission
THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF THE SECTION 501(C)(3) OF THE IRS REVENUE CODE OF 1986 TO OPERATE NONPROFIT EDUCATIONAL INSTITUTIONS, INCLUDING, BUT NOT LIMITED TO SCHOOLS WITHIN THE STATE OF NJ AND TO DEAL GENERALLY THEREIN.
Program accomplishments
- THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF THE SECTION 501(C)(3) OF THE IRS REVENUE CODE OF 1986 TO OPERATE NONPROFIT EDUCATIONAL INSTITUTIONS, INCLUDING, BUT NOT LIMITED TO SCHOOLS WITHIN THE STATE OF NJ AND TO DEAL GENERALLY THEREIN.Expenses $130,338,434 · revenue $188,664
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
- 01-0660264
- 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
- 2005
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $282,966,837
- Income (IRS master file)
- $174,655,411
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $174,655,411 | $175,584,499 | $282,966,837 | IRS |
| 990 | June 2024 | $177,408,917 | $164,995,637 | $269,406,142 | IRS |
| 990 | June 2023 | $156,931,250 | $150,297,552 | $244,834,103 | IRS |
| 990 | June 2022 | $143,042,988 | $134,713,240 | $203,861,909 | 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 01-0660264).
Questions about TEAM ACADEMY CHARTER SCHOOL INC
- What is the EIN of TEAM ACADEMY CHARTER SCHOOL INC?
- The employer identification number (EIN) of TEAM ACADEMY CHARTER SCHOOL INC is 01-0660264.
- Is TEAM ACADEMY CHARTER SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to TEAM ACADEMY CHARTER SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TEAM ACADEMY CHARTER SCHOOL 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 TEAM ACADEMY CHARTER SCHOOL 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 TEAM ACADEMY CHARTER SCHOOL 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 TEAM ACADEMY CHARTER SCHOOL INC?
- The 990 for the year ended June 30, 2025 names ERICA GROHMAN.
- Who are the officers and directors of TEAM ACADEMY CHARTER SCHOOL INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 5 received compensation from the organization, the highest $183,613 (ANTONIA O'SULLIVAN, HEAD OF SCHOOLS).
- How much revenue does TEAM ACADEMY CHARTER SCHOOL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $174,655,411, expenses of $175,584,499 and total assets of $282,966,837 at year end.
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