Friends Of Team Academy Charter School A New Jersey Non Profit Org
Friends Of Team Academy Charter School consistently generates surpluses and accumulates substantial assets, reporting no officer compensation.
EIN: 201018667 · Newark, NJ · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.3M |
| Total Expenses | $11.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $59.4M |
| Transparency Score | 85/100 |
Is Friends Of Team Academy Charter School A New Jersey Non Profit Org Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Team Academy Charter School A New Jersey Non Profit Org directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Team Academy Charter School A New Jersey Non Profit Org
Friends Of Team Academy Charter School A New Jersey Non Profit Org (EIN: 201018667) is a nonprofit organization based in Newark, NJ, classified under NTEE code B11. The organization reported total revenue of $16.3M and total assets of $220.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Team Academy Charter School A New Jersey Non Profit Org's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Team Academy Charter School A New Jersey Non Profit Org is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.2M |
| Total Expenses | $11.1M |
| Surplus / Deficit | +$4.1M |
| Total Assets | $232.3M |
| Total Liabilities | $172.9M |
| Net Assets | $59.4M |
| Operating Margin | 26.9% |
| Debt-to-Asset Ratio | 74.4% |
| Months of Reserves | 250.4 months |
Financial Health Grade: A
In 2023, Friends Of Team Academy Charter School A New Jersey Non Profit Org reported a surplus of $4.1M with revenue exceeding expenses, holds 250.4 months of operating reserves (strong position), has a debt-to-asset ratio of 74.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Team Academy Charter School A New Jersey Non Profit Org's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.7% | +28.3% | -3.7% |
| 2022 | -4.8% | +17.2% | +25.1% |
| 2021 | +13.1% | +1.0% | +36.9% |
| 2020 | -7.7% | -15.1% | +9.6% |
| 2019 | +10.4% | +12.0% | +16.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Team Academy Charter School A New Jersey Non Profit Org with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Of Team Academy Charter School A New Jersey Non Profit Org allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 74.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an entity with revenues exceeding $15 million and assets over $200 million. This suggests either a fully volunteer executive leadership or that executive compensation is managed and reported through a separate, related entity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Friends Of Team Academy Charter School A New Jersey Non Profit Org's IRS 990 filings:
- Consistent reporting of 0% officer compensation for a large organization, which may obscure executive remuneration if paid through a related entity.
Strengths
The following positive indicators were identified for Friends Of Team Academy Charter School A New Jersey Non Profit Org:
- Consistent revenue exceeding expenses, leading to healthy surpluses (e.g., $15.2M revenue vs. $11.1M expenses in 202306).
- Significant and growing asset base, reaching $232,313,773 in 202306, indicating strong financial health.
- Positive trend in net assets over the past decade, demonstrating long-term financial sustainability.
- Strong asset-to-liability ratio, suggesting good solvency and financial management.
Frequently Asked Questions about Friends Of Team Academy Charter School A New Jersey Non Profit Org
Is Friends Of Team Academy Charter School A New Jersey Non Profit Org a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Team Academy Charter School A New Jersey Non Profit Org (EIN: 201018667) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Friends Of Team Academy Charter School A New Jersey Non Profit Org spend its money?
Friends Of Team Academy Charter School A New Jersey Non Profit Org directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Team Academy Charter School A New Jersey Non Profit Org tax-deductible?
Friends Of Team Academy Charter School A New Jersey Non Profit Org is registered as a tax-exempt nonprofit (EIN: 201018667). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of Team Academy Charter School A New Jersey Non Profit Org CEO make?
Friends Of Team Academy Charter School A New Jersey Non Profit Org's highest-compensated officer earns $15 annually. The organization reported $16.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends Of Team Academy Charter School A New Jersey Non Profit Org's spending goes to programs?
Friends Of Team Academy Charter School A New Jersey Non Profit Org directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Team Academy Charter School A New Jersey Non Profit Org compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Friends Of Team Academy Charter School A New Jersey Non Profit Org is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Team Academy Charter School A New Jersey Non Profit Org located?
Friends Of Team Academy Charter School A New Jersey Non Profit Org is headquartered in Newark, New Jersey and files with the IRS under EIN 201018667. It is classified under NTEE code B11.
How many years of IRS 990 filings does Friends Of Team Academy Charter School A New Jersey Non Profit Org have?
Friends Of Team Academy Charter School A New Jersey Non Profit Org has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $16.3M in total revenue.
Is Friends Of Team Academy Charter School A New Jersey Non Profit Org a good charity?
Based on the provided financial data, the organization appears to be financially healthy, consistently generating surpluses (e.g., $15.2M revenue vs. $11.1M expenses in 202306) and accumulating substantial assets ($232.3M in 202306). This indicates strong financial management and sustainability. However, the lack of reported officer compensation across all filings warrants further investigation to understand the full compensation structure.
How does the organization manage its executive compensation?
All available IRS 990 filings report 0% officer compensation. This is highly unusual for an organization of this size and suggests that either the executive leadership is entirely volunteer-based, or compensation is paid through a related entity not reflected in these specific officer compensation fields. Further review of the full 990 forms would be needed to clarify this.
What is the trend in the organization's assets and liabilities?
The organization has shown significant growth in assets, from $80,048,365 in 201406 to $232,313,773 in 202306. Liabilities have also grown, but at a slower pace, maintaining a healthy asset-to-liability ratio (e.g., $232.3M assets vs. $172.9M liabilities in 202306), indicating strong financial backing and solvency.
Is the organization financially stable?
Yes, the organization appears financially stable. It consistently generates more revenue than expenses (e.g., $15.2M revenue vs. $11.1M expenses in 202306) and has accumulated a substantial asset base of over $232 million, indicating a strong capacity to sustain its operations and mission.
Filing History
IRS 990 filing history for Friends Of Team Academy Charter School A New Jersey Non Profit Org showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Team Academy Charter School A New Jersey Non Profit Org's revenue has grown by 273.4%, moving from $4.1M to $15.2M. Total assets increased by 612.4% over the same period, from $32.6M to $232.3M. Total functional expenses rose by 515.3%, from $1.8M to $11.1M. In its most recent filing year (2023), Friends Of Team Academy Charter School A New Jersey Non Profit Org reported a surplus of $4.1M, with revenue exceeding expenses. The organization holds $172.9M in liabilities against $232.3M in assets (debt-to-asset ratio: 74.4%), resulting in net assets of $59.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.2M | $11.1M | $232.3M | $172.9M | — | — |
| 2022 | $11.7M | $8.7M | $241.2M | $185.9M | — | View 990 |
| 2021 | $12.3M | $7.4M | $192.9M | $140.6M | — | View 990 |
| 2020 | $10.9M | $7.3M | $140.9M | $93.6M | — | View 990 |
| 2019 | $11.8M | $8.6M | $128.6M | $84.8M | — | View 990 |
| 2018 | $10.7M | $7.7M | $110.8M | $69.9M | — | View 990 |
| 2017 | $13.2M | $8.2M | $111.0M | $74.3M | — | View 990 |
| 2016 | $14.2M | $10.3M | $111.7M | $81.7M | — | View 990 |
| 2015 | $15.3M | $10.1M | $110.4M | $82.7M | — | View 990 |
| 2014 | $14.5M | $9.8M | $80.0M | $56.6M | — | View 990 |
| 2013 | $6.8M | $2.5M | $80.0M | $62.4M | — | View 990 |
| 2012 | $7.3M | $1.8M | $53.2M | $39.9M | — | View 990 |
| 2011 | $4.1M | $1.8M | $32.6M | $24.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.2M, expenses of $11.1M, and assets of $232.3M (revenue +29.7% year-over-year).
- 2022: Revenue of $11.7M, expenses of $8.7M, and assets of $241.2M (revenue -4.8% year-over-year).
- 2021: Revenue of $12.3M, expenses of $7.4M, and assets of $192.9M (revenue +13.1% year-over-year).
- 2020: Revenue of $10.9M, expenses of $7.3M, and assets of $140.9M (revenue -7.7% year-over-year).
- 2019: Revenue of $11.8M, expenses of $8.6M, and assets of $128.6M (revenue +10.4% year-over-year).
- 2018: Revenue of $10.7M, expenses of $7.7M, and assets of $110.8M (revenue -18.7% year-over-year).
- 2017: Revenue of $13.2M, expenses of $8.2M, and assets of $111.0M (revenue -7.1% year-over-year).
- 2016: Revenue of $14.2M, expenses of $10.3M, and assets of $111.7M (revenue -7.4% year-over-year).
- 2015: Revenue of $15.3M, expenses of $10.1M, and assets of $110.4M (revenue +5.5% year-over-year).
- 2014: Revenue of $14.5M, expenses of $9.8M, and assets of $80.0M (revenue +111.8% year-over-year).
- 2013: Revenue of $6.8M, expenses of $2.5M, and assets of $80.0M (revenue -6.8% year-over-year).
- 2012: Revenue of $7.3M, expenses of $1.8M, and assets of $53.2M (revenue +80.3% year-over-year).
- 2011: Revenue of $4.1M, expenses of $1.8M, and assets of $32.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Team Academy Charter School A New Jersey Non Profit Org:
Data Sources and Methodology
This transparency report for Friends Of Team Academy Charter School A New Jersey Non Profit Org is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.