Form 990 for tax year 2023
Filed by FRIENDS OF TEAM ACADEMY CHARTER SCHOOL A NEW JERSEY NON-PROFIT ORG.
Totals
- Total revenue
- $16,279,365
- Total expenses
- $11,481,344
- Contributions and grants received
- $520,725
- Grants paid
- $0
- Program service revenue
- $14,279,641
- Investment income
- $1,437,004
- Other revenue
- $41,995
- Total assets, end of year
- $220,603,171
- Total liabilities, end of year
- $156,389,300
- Net assets or fund balances, end of year
- $64,213,871
- Program services expenses (Part IX)
- $10,721,840
- Management and general expenses
- $759,504
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $10,721,840
Program services were 93.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
SARA SORBELLO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
LEA CIAVARRA
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
JORDAN METZGER
MEMBER
- Total calculated
- $0
- Hours/week
- 5 + 2 related
-
BLAIR RIDDER
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
GABRIELLA DIFILIPPO
SECRETARY (NON-VOTING)
- Total calculated
- $0
- Hours/week
- 5 + 4 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · SCHOOL REAL ESTATE · NJ
Directly controlled by KINGSTON EDUCATIONAL HOLDINGS I INC
-
501(C)(3) · SCHOOL REAL ESTATE · NJ
Directly controlled by KINGSTON EDUCATIONAL HOLDINGS I INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
FINANCING CHARTER SCHOOL DEVELOPMENT · NJ · income $2,497,415 · assets $32,895,912
Directly controlled by THE FRIENDS OF TEAM CHARTER SCHOOLS INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521349349306147
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.