Overview
What is The Friends Of Team Charter Schools Inc?
The Friends of Team Charter Schools Inc. is a nonprofit organization situated in Newark, New Jersey, specifically at 60 Park Place Suite 802. Its primary mission is to support Team Academy Charter School Inc., providing both financial aid and real property services for facilities essential for Team's educational programs. The Friends of Team's role extends to either directly funding Team or its staff, ensuring the smooth operation of the charter school's activities and initiatives.
Official website here: www.kippnj.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
The Friends Of Team Charter Schools Inc has received a Three-Star rating from Charity Navigator, primarily reflecting its accountability and financial health. The organization demonstrates a commitment to governance with a fully independent board and established oversight practices, which is indicative of strong organizational integrity.
Strengths include high scores for program expense ratio, indicating that a significant portion of funds is directed toward its charitable activities. The organization has also implemented essential policies, including conflict of interest and whistleblower protections, ensuring transparency and ethical management.
However, the nonprofit's liabilities to assets ratio has been noted as a concern, scoring zero out of 15 points, which suggests potential financial vulnerabilities. This aspect may warrant further attention for stakeholders interested in the long-term sustainability of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Friends Of Team Charter Schools Inc legitimate?
The Friends Of Team Charter Schools Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Friends Of Team Charter Schools Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.kippnj.org
What is the mission statement of The Friends Of Team Charter Schools Inc?
The Friends of Team Charter Schools Inc. was established with a mission to support and assist Team Academy Charter School Inc. This non-profit organization provides two primary types of support: financial assistance and aid in the development, financing, and operation of facilities used by Team for its programs. The Friends of Team Charter Schools Inc. directly provides financial support and real property services to Team or its staff, aiming to facilitate the school's purposes and programs.
Official website here: www.kippnj.org
Who is the CEO of The Friends Of Team Charter Schools Inc?
Gabriella Difilippo is the President of The Friends Of Team Charter Schools Inc.
Official website here: www.kippnj.org
What is the revenue of The Friends Of Team Charter Schools Inc?
The Friends Of Team Charter Schools Inc's revenue in 2022 was $11,734,420.
Official website here: www.kippnj.org
Who are the executives of The Friends Of Team Charter Schools Inc and what are their salaries?
There 5 volunteers at The Friends Of Team Charter Schools Inc.
Here are 6 key members and their salaries:
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Official website here: www.kippnj.org
Where can I find the form 990 for The Friends Of Team Charter Schools Inc?
The Friends Of Team Charter Schools Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kippnj.org
Learn more at the official website: www.kippnj.org
Mission Statement of The Friends Of Team Charter Schools Inc
The Friends of Team Charter Schools Inc, a non-profit organization, was established with a mission to support and assist Team Academy Charter School Inc (Team). This support encompasses two primary aspects: financial aid and real property services. The Friends of Team Charter Schools Inc directly provides financial support to Team or to its staff, thereby contributing to the realization of Team's objectives and programs. Moreover, the organization offers real property services, which include facility development, financing, and operation for facilities utilized by Team for its educational initiatives. This comprehensive support allows Team to effectively operate its programs and provide quality education to its students.
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Impact
August, 2024
The Friends Of Team Charter Schools Inc's impact is focused on providing critical support and services to Team Academy Charter School Inc. Through financial assistance and real property services, The Friends Of Team Charter Schools Inc helps facilitate the operations and programs of Team Academy Charter School. This support directly contributes to the educational success and growth of the students and staff at Team Academy Charter School, ultimately benefiting the local community as a whole.
This information is meant to be a general summary of The Friends Of Team Charter Schools Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $598
- Program Service Revenue: $11,512,186
- Gross Receipts: $11,734,420
Assets and Liabilities:
- Total Assets: $241,241,974
- Total Liabilities: $185,911,975
- Net Assets: $55,329,999
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$9,000,153
RENTAL INCOME
Revenue
$2,512,033
Organization Details
Founding Year
2004
Phone
(973) 622-0905Principal Officer
Gabriella Difilippo
Main Address
60 PARK PLACE SUITE 802, NEWARK, NJ, 07102
Website
www.kippnj.orgNTEE Category
Code: B11 - Education
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