Team Academy Charter School Inc
Overview
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.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 010660264
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Headquarters
- Newark, NJ, USA
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and the filing reports few safeguards for setting executive pay.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 69
- Accountability: 95
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.9%; rating input score 75
- Program expense ratio: 74.2%; rating input score 74
- Fundraising efficiency: $172.32 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -0.5%; rating input score 24; 24th percentile among comparable filings
- Operating reserve ratio: 1.61; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0.88; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 0.5%; rating input score 83; 83rd percentile among comparable filings
Growth
- Program expense growth: 10.2% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 12.3% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 23.8% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 74.9% of revenue deployed · 74.2% of spending went to programs
- Governance: 8 of 8 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $130.3M in reported program spending
- Leadership: top reported pay $217K · 15 people listed · 0 of 6 pay-setting controls reported
- Consistency: 26 of 26 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 16 annual filings from 2009 to 2024
- Money network: 5 filed money-flow records
- Related organizations: 1 filed related-organization link