Nonprofit · EIN 20-1018667
FRIENDS OF TEAM ACADEMY CHARTER SCHOOL A NEW JERSEY NON-PROFIT ORG
Tax-exempt · NEWARK, NJ 07102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $16,575,000 | $10,358,377 | $6,216,623 | $253,463,966 | $183,033,472 | $70,430,494 |
| June 30, 2024 | 990 | $16,279,365 | $11,481,344 | $4,798,021 | $220,603,171 | $156,389,300 | $64,213,871 |
| June 30, 2023 | 990 | $15,217,036 | $11,131,185 | $4,085,851 | $232,313,773 | $172,897,923 | $59,415,850 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,524,011
- Program service revenue
- $13,874,550
- Investment income
- $1,176,439
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $78,778
- Accounting fees
- $39,300
- Occupancy
- $1,116,795
- Depreciation
- $1,626,356
- Program services (functional)
- $9,969,156
- Management and general (functional)
- $389,221
Balance sheet and other
- Total assets, start of year
- $220,603,171
- Total assets, end of year
- $253,463,966
- Total liabilities, end of year
- $183,033,472
- Net assets, end of year
- $70,430,494
- Land, buildings and equipment
- $59,258,981
- Net assets without donor restrictions
- $70,430,494
- Gross receipts
- $16,575,000
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2004
- 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 |
|---|---|---|---|
| SARA SORBELLO | PRESIDENT Trustee or director, Officer | 5 | $0 |
| LEA CIAVARRA | MEMBER Trustee or director | 5 | $0 |
| JORDAN METZGER | MEMBER Trustee or director | 5 | $0 |
| BLAIR RIDDER | MEMBER Trustee or director | 5 | $0 |
| GABRIELLA DIFILIPPO | SECRETARY (NON-VOTING) Officer | 5 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA SORBELLO | PRESIDENT Trustee or director, Officer | 5 | $0 |
| LEA CIAVARRA | MEMBER Trustee or director | 5 | $0 |
| JORDAN METZGER | MEMBER Trustee or director | 5 | $0 |
| BLAIR RIDDER | MEMBER Trustee or director | 5 | $0 |
| GABRIELLA DIFILIPPO | SECRETARY (NON-VOTING) Officer | 5 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA SORBELLO | PRESIDENT Trustee or director, Officer | 5 | $0 |
| TIMOTHY CARDEN | MEMBER Trustee or director | 5 | $0 |
| LEA CIAVARRA | MEMBER Trustee or director | 5 | $0 |
| JORDAN METZGER | MEMBER Trustee or director | 5 | $0 |
| BLAIR RIDDER | MEMBER Trustee or director | 5 | $0 |
| GABRIELLA DIFILIPPO | SECRETARY (NON-VOTING) Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 60 PARK PL STE 802, NEWARK, NJ 07102-5508
- In care of
- % HANNAH RICHMAN
- 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.KIPPNJ.ORG
- Return prepared by
- AAFCPAS INC
Mission
FOT WAS ORGANIZED TO PROVIDE SUPPORT AND SERVICES TO TEAM ACADEMY CHARTER SCHOOL, INC.(TEAM). THE SUPPORT SERVICES INCLUDE PROVIDING FINANCIAL SUPPORT AND REAL PROPERTY SERVICES DIRECTLY TO TEAM OR TO ITS STAFF TO FACILITATE THE PURPOSES AND PROGRAMS OF TEAM.
Program accomplishments
- SUPPORT SERVICES INCLUDING PROVIDING FINANCIAL SUPPORT AND REAL PROPERTY SERVICES FOR FACILITIES USED BY TEAM TO OPERATE TEAM'S PROGRAMS.Expenses $9,969,156 · revenue $13,874,550
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
- 20-1018667
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $253,463,966
- Income (IRS master file)
- $16,575,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $16,575,000 | $10,358,377 | $253,463,966 | IRS |
| 990 | June 2024 | $16,279,365 | $11,481,344 | $220,603,171 | IRS |
| 990 | June 2023 | $15,217,036 | $11,131,185 | $232,313,773 | XML |
| 990 | June 2022 | $11,734,420 | $8,672,739 | $241,241,974 | 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 20-1018667).
Questions about FRIENDS OF TEAM ACADEMY CHARTER SCHOOL A NEW JERSEY NON-PROFIT ORG
- What is the EIN of FRIENDS OF TEAM ACADEMY CHARTER SCHOOL A NEW JERSEY NON-PROFIT ORG?
- The employer identification number (EIN) of FRIENDS OF TEAM ACADEMY CHARTER SCHOOL A NEW JERSEY NON-PROFIT ORG is 20-1018667.
- Is FRIENDS OF TEAM ACADEMY CHARTER SCHOOL A NEW JERSEY NON-PROFIT ORG tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to FRIENDS OF TEAM ACADEMY CHARTER SCHOOL A NEW JERSEY NON-PROFIT ORG tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF TEAM ACADEMY CHARTER SCHOOL A NEW JERSEY NON-PROFIT ORG 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 FRIENDS OF TEAM ACADEMY CHARTER SCHOOL A NEW JERSEY NON-PROFIT ORG 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 FRIENDS OF TEAM ACADEMY CHARTER SCHOOL A NEW JERSEY NON-PROFIT ORG 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 FRIENDS OF TEAM ACADEMY CHARTER SCHOOL A NEW JERSEY NON-PROFIT ORG?
- The 990 for the year ended June 30, 2025 names ERICA GROHMAN.
- Who are the officers and directors of FRIENDS OF TEAM ACADEMY CHARTER SCHOOL A NEW JERSEY NON-PROFIT ORG?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF TEAM ACADEMY CHARTER SCHOOL A NEW JERSEY NON-PROFIT ORG have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $16,575,000, expenses of $10,358,377 and total assets of $253,463,966 at year end.
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