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TEAM ACADEMY CHARTER SCHOOL INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
TEAM ACADEMY CHARTER SCHOOL INC (EIN 01-0660264)
Tax period
2011-07-01 to 2012-06-30
Filed
2013-05-15
IRS object ID
201311359349300406
Schema version
2011v1.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-05-15T07:11:34-00:00Timestamp
Tax Period End Date2012-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1SCOTT J LOEFFLER CPABusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line17 CLEVELAND STAddressLine1
CityCALDWELLCity
StateNJState
ZIP Code07006ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN010660264EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1TEAM ACADEMY CHARTER SCHOOL INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlTEAMNameControl
Phone9737053209Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line160 PARK PLACE Room No 802AddressLine1
CityNEWARKCity
StateNJState
ZIP Code07102ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameSTEVEN SMALLName
TitleDIRECTORTitle
Phone9736220905Phone
Date Signed2013-05-15DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameSCOTT LOEFFLERCPAName
Phone9735854989Phone
Date Prepared2013-05-15DatePrepared
Self EmployedXSelfEmployed
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonSTEVE SMALLNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line185 CUSTER AVENUEAddressLine1
CityNEWARKCity
StateNJState
ZIP Code07112ZIPCode
FieldValueIRS element (for citing)
Gross Receipts31383235GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.TEAMACADEMY.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation2002YearFormation
State Legal DomicileNJStateLegalDomicile
Activity Or Mission DescriptionThe team academy charter school is a New Jersey public school overseen by the State Department of Education. The School offers an academic program to assist children in discovering their talents and provides a community resource and a means to unite parents and teachers to assist their children to excel in their educationActivityOrMissionDescription
Nbr Voting Members Governing Body7NbrVotingMembersGoverningBody
Nbr Independent Voting Members2NbrIndependentVotingMembers
Total Nbr Employees307TotalNbrEmployees
Total Gross UBI0TotalGrossUBI
Contributions Grants Prior Year26044197ContributionsGrantsPriorYear
Contributions Grants Current Year31321161ContributionsGrantsCurrentYear
Program Service Revenue Prior Year86813ProgramServiceRevenuePriorYear
Program Service Revenue CY62074ProgramServiceRevenueCY
Investment Income Current Year0InvestmentIncomeCurrentYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year26131010TotalRevenuePriorYear
Total Revenue Current Year31383235TotalRevenueCurrentYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year17026010SalariesEtcPriorYear
Salaries Etc Current Year19133219SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year8284344OtherExpensePriorYear
Other Expenses Current Year10356786OtherExpensesCurrentYear
Total Expenses Prior Year25310354TotalExpensesPriorYear
Total Expenses Current Year29490005TotalExpensesCurrentYear
Revenues Less Expenses Prior Year820656RevenuesLessExpensesPriorYear
Revenues Less Expenses CY1893230RevenuesLessExpensesCY
Total Assets BOY3666011TotalAssetsBOY
Total Assets EOY6602925TotalAssetsEOY
Total Liabilities BOY1310457TotalLiabilitiesBOY
Total Liabilities EOY2354141TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY2355554NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY4248784NetAssetsOrFundBalancesEOY
Mission DescriptionThe Team Academy Charter School is a New Jersey Public School over seen by the State of New Jersey Dept of Education. The School offers an academic program to assist children in discovering their talents and provides a community resource and a means to unite parents and teachers.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense29490005Expense
Revenue31383235Revenue
DescriptionThe Team Academy Charter School is a New Jersey Public School over seen by the State of New Jersey Dept of Education. The School offers an academic program to assist children in discovering their talents and provides a community resource and a means to unite parents and teachers.Description
Total Program Service Expense29490005TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredfalseScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquipfalseReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetstrueReportOtherAssets
Report Other LiabilitiesfalseReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmttrueIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchooltrueSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Invest Tax Exempt BondsfalseInvestTaxExemptBonds
Escrow AccountfalseEscrowAccount
On Behalf Of IssuerfalseOnBehalfOfIssuer
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transaction Related EntityfalseTransactionRelatedEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With109628NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees307NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Quid Pro Quo ContributionsfalseQuidProQuoContributions
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Form8899 FiledfalseForm8899Filed
Form1098 C FiledfalseForm1098CFiled
Excess Business HoldingsfalseExcessBusinessHoldings
Taxable DistributionsfalseTaxableDistributions
Distribution To DonorfalseDistributionToDonor
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members7NbrVotingGoverningBodyMembers
Number Independent Voting Members2NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiestrueDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovaltrueDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteesfalseMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Policies Reference ChapterstruePoliciesReferenceChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OthertrueCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
States Where Copy Of Return Is FiledNJStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonSTEVEN SMALLNamePerson
Telephone Number9736220905TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line185 CUSTER AVEAddressLine1
CityNEWARKCity
StateNJState
ZIP Code07112ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (8 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
DAN ADAN
TRUSTEE005.00X000
SHEILA BOYD
TRUSTEE005.00X000
TOM DUNN
TRUSTEE005.00X000
AMY ROSEN
TRUSTEE005.00X000
PATRICIA ROSS
TRUSTEE005.00X000
LINDA STERLING
TRUSTEE005.00X000
BRENDAN MAHER
TRUSTEE005.00X000
0
000.00000
FieldValueIRS element (for citing)
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources
Government Grants28306428GovernmentGrants
All Other Contributions3014733AllOtherContributions
Total Contributions31321161TotalContributions

Program Service Revenue ProgramServiceRevenue

FieldValueIRS element (for citing)
DescriptionLUNCH PROGRAMDescription
Business Code611710BusinessCode
Total Revenue Column62074TotalRevenueColumn
Related Or Exempt Function Income62074RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue62074TotalProgramServiceRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column31383235TotalRevenueColumn
Related Or Exempt Function Income62074RelatedOrExemptFunctionIncome

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total0Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total0Total

Foreign Grants ForeignGrants

FieldValueIRS element (for citing)
Total0Total

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total0Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total0Total

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total15133020Total
Program Services15133020ProgramServices

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total0Total

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total4000199Total
Program Services4000199ProgramServices

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total0Total

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total0Total

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total0Total

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total0Total

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total0Total
FieldValueIRS element (for citing)
Fees For Services Prof FundraisingFeesForServicesProfFundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total0Total

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total0Total

Advertising Advertising

FieldValueIRS element (for citing)
Total0Total

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total0Total

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total0Total

Royalties Royalties

FieldValueIRS element (for citing)
Total0Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total2314917Total
Program Services2314917ProgramServices

Travel Travel

FieldValueIRS element (for citing)
Total0Total

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total0Total

Interest Interest

FieldValueIRS element (for citing)
Total0Total

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total0Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total0Total

Insurance Insurance

FieldValueIRS element (for citing)
Total86342Total
Program Services86342ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServices
PROFESSIONAL AND TECHNICAL SERVICES921822921822
TRANSPORTATION AND FIELD LESSONS12492761249276
UTILITIES AND TELEPHONE577532577532
SCHOOL TEXTBOOKS SUPPLIES OBJECTS35221313522131

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total1684766Total
Program Services1684766ProgramServices

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total29490005Total
Program Services29490005ProgramServices
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY3120540BOY
EOY4822966EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY533353BOY
EOY1767841EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY12118BOY
EOY12118EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY3666011BOY
EOY6602925EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY1045111BOY
EOY2188848EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY265346BOY
EOY165293EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY1310457BOY
EOY2354141EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY2355554BOY
EOY4248784EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY2355554BOY
EOY4248784EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY3666011BOY
EOY6602925EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses1893230ReconcilationRevenueExpenses
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited
Audit CommitteetrueAuditCommittee
Financial Statement BothXFinancialStatementBoth
Federal Grant Audit RequiredtrueFederalGrantAuditRequired
Federal Grant Audit PerformedtrueFederalGrantAuditPerformed

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
School170b1 AiiXSchool170b1Aii
Public Support Pertcentage1700.00000PublicSupportPertcentage170
Public Support Percentage5090.00000PublicSupportPercentage509
Investment Income Percentage0.00000InvestmentIncomePercentage

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Included On FSfalseIncludedOnFS

Other Assets OtherAssets

FieldValueIRS element (for citing)
DescriptionSecurity DepositDescription
Book Value12118BookValue
FieldValueIRS element (for citing)
Total Book Value Other Assets12118TotalBookValueOtherAssets
Total Revenue31383235TotalRevenue
Total Expenses29490005TotalExpenses
Excess Or Deficit For Year1893230ExcessOrDeficitForYear
Excess Or Deficit Per FS1893230ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt31383235TotRevenueEtcAuditedFinclStmt
Revenue Subtotal31383235RevenueSubtotal
Total Revenue Per Form99031383235TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt29490005TotExpensesEtcAuditedFinclStmt
Expenses Subtotal29490005ExpensesSubtotal
Total Expenses Per Form99029490005TotalExpensesPerForm990

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmttrueNondiscriminatoryPolicyStmt
Policy Statement In Brochures EtctruePolicyStatementInBrochuresEtc
Policy Publ Via Broadcast MediatruePolicyPublViaBroadcastMedia
Maint Racial Composition RecordstrueMaintRacialCompositionRecords
Maint Scholarships RecordstrueMaintScholarshipsRecords
Maint Copies Of Brochures EtctrueMaintCopiesOfBrochuresEtc
Maint Copies Of All SolicitationstrueMaintCopiesOfAllSolicitations
Discriminate Race Students RightsfalseDiscriminateRaceStudentsRights
Discriminate Race Admiss PoliciesfalseDiscriminateRaceAdmissPolicies
Discriminate Race Emplmn FacultyfalseDiscriminateRaceEmplmnFaculty
Discriminate Race ScholarshipsfalseDiscriminateRaceScholarships
Discriminate Race Educ PoliciesfalseDiscriminateRaceEducPolicies
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFclts
Discriminate Race Athletic ProgfalseDiscriminateRaceAthleticProg
Discriminate Race Other ActyfalseDiscriminateRaceOtherActy
Government Financial Aid ReceivedtrueGovernmentFinancialAidReceived
Government Financial Aid RevokedfalseGovernmentFinancialAidRevoked
Compliance With Rev Proc7550trueComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII

FieldValueIRS element (for citing)
IdentifierPart IIdentifier
Return Reference6aReturnReference
ExplanationThe school receives the State of New Jersey Dept of Education and operates as a NJ Public School. The School also receives Federal NCLB and IDEA funding to help promote their academics.Explanation

Schedule F IRS990ScheduleF

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Form 990 Part VI11BThe school reviewed the form 990 with the outside auditor
Form 990 Part VI12CThe Board adheres to the conflict of interest policy it has adopted.
Form 990 Part VI15BThe Board reviews and approves all salaries.
Form 990 Part VI19All documents, policies and financial statements are available to the public by request.
Form 990 Part VI Section B Line 11B The school reviewed the form 990 with the outside auditor Form 990 Part VI Section B Line 12C The Board adheres to the conflict of interest policy it has adopted. Form 990 Part VI Section B Line 15B The Board reviews and approves all salaries. Form 990 Part VI Section C Line 19 All documents, policies and financial statements are available to the public by request.