2026-05-15T08:25:56-05:00 2025-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2024-07-01 010660264 TEAM ACADEMY CHARTER SCHOOL INC TEAM 9736220905 60 PARK PLACE 802 NEWARK NJ 07102 ERICA GROHMAN CFO 9736220905 2026-05-14 1 1 CAITLIN LIMOGES CPA P01633588 5083669100 2026-05-14 2024 2025-03-06 01:10:19Z ERICA GROHMAN 60 PARK PLACE 802 NEWARK NJ 07102 174655411 0 X WWW.TEAMACADEMY.ORG X 2002 NJ TEAM ACADEMY CHARTER SCHOOL IS A FREE, OPEN ENROLLMENT, COLLEGE-PREPARATORY PUBLIC SCHOOL DEDICATED TO PREPARING STUDENTS IN UNDERSERVED COMMUNITIES FOR SUCCESS IN COLLEGE AND LIFE. 8 8 1358 8 0 0 175803982 171802721 111222 188664 1493713 1942914 0 721112 177408917 174655411 0 0 0 0 88037265 99781527 0 0 997003 76958372 75802972 164995637 175584499 12413280 -929088 269406142 282966837 234262975 248752758 35143167 34214079 X 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. 0 0 130338434 188664 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. 130338434 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 127 0 1 1358 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X ERICA GROHMAN 9736220905 60 PARK PLACE 802 NEWARK NJ 07102 X X TIM CARDEN BOARD PRESIDENT 2.00 X X 0 0 0 JULIE KEENAN TRUSTEE 2.00 X 0 0 0 KEVIN MORRISON TRUSTEE 2.00 X 0 0 0 RASHEEN PEPPERS TRUSTEE 2.00 X 0 0 0 VINCE MARIGNA TRUSTEE 2.00 X 0 0 0 IHSAAN BROWN TRUSTEE 2.00 X 0 0 0 TAFSHIER COSBY TRUSTEE 2.00 X 0 0 0 KAREN LEACH-TOOMER TRUSTEE 2.00 X 0 0 0 ANDREW MARTIN EXECUTIVE DIRECTOR 5.00 X 0 0 0 ERICA GROHMAN CFO 10.00 X 0 0 0 ANTONIA O'SULLIVAN HEAD OF SCHOOLS 40.00 X 183613 0 33116 LISA BONNIFIELD HEAD OF SCHOOLS 40.00 X 171738 0 32816 JENNA MARCUS HEAD OF SCHOOLS 40.00 X 168600 0 33116 KYLE MEACHAM CHIEF OF STAFF 40.00 X 170426 0 1200 YEPPII ESTEBAN MANAGING DIRECTOR OF SCHOOL OPERATIONS 40.00 X 165650 0 1500 860027 0 101748 168 0 1 0 KIPP TEAM AND FAMILY SCHOOLS INC 60 PARK PLACE SUITE 802 NEWARK NJ 07102 MANAGEMENT FEES 15658746 ESSEX REGIONAL EDUCATIONAL SERVICE 333 FAIRFIELD ROAD FAIRFIELD NJ 07004 TRANSPORTATION SERVICES 1117473 PROFESSIONAL CLIMATE CONTROL 60 GREAT MEADOW LANE EAST HANOVER NJ 07936 AIR CONDITIONING CONTRACTOR 485588 DICARA RUBINO ARCHITECTS 30 GALESI DRIVE WAYNE NJ 07470 CONSTRUCTION SERVICES 330557 BRETT DINOVI & ASSOCIATES LLC PO BOX 8223 CHERRY HILL NJ 08003 EDUCATIONAL SERVICES 271999 5 169095286 2707435 171802721 FOOD SERVICE 611710 146664 146664 ANCILLARY SERVICES 611600 42000 42000 188664 1942914 1942914 721112 0 721112 721112 721112 174655411 188664 0 2664026 72854595 60441393 12413202 11947985 9912249 2035736 7745227 6425570 1319657 7233720 6001215 1232505 16616720 15619717 997003 55199 55199 121460 121460 3809542 509095 3300447 2826772 2345137 481635 5950218 4936401 1013817 8921556 7401472 1520084 1094427 907955 186472 SUPPLIES 12273916 8981815 3292101 TPAF EXPENSES 9725309 8068279 1657030 FOOD SERVICE 7321168 7321168 OTHER PURCHASED SERVICE 7086685 7086685 175584499 130338434 44249062 997003 33384470 33056522 13535763 6180958 912820 651304 36031433 8731143 23960409 27300290 14452160 31547466 183160520 184230297 269406142 282966837 6034103 8239329 865502 589056 16781154 18130483 210582216 221793890 234262975 248752758 X 39975417 41155460 -4832250 -6941381 0 0 35143167 34214079 269406142 282966837 -929088 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 475900 475900 15473172 1848809 13624363 15024812 4366498 10658314 3364819 2515836 848983 1692730 1692730 27300290 DUE FROM RELATED PARTY 1302352 PENSION DEFERRED OUTFLOWS 42069113 RIGHT-TO-USE LEASE ASSETS 140858832 184230297 DUE TO RELATED PARTIES 471291 NET PENSION LIABILITY 60290841 PENSION DEFERRED INFLOWS 3642003 LEASE LIABILTIES 156970020 COMPENSATED ABSENCES 419735 221793890 174655411 0 174655411 0 174655411 175584499 0 175584499 0 175584499 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL ADVERTISES PUBLICLY FOR ITS STUDENTS TO APPLY AND THE SELECTION IS TOTALLY NONDISCRIMINATORY AND IS MADE THROUGH AN INDEPENDENT LOTTERY. SCHEDULE E, PART I, LINE 6 THE SCHOOL OPERATES AS A NJ PUBLIC SCHOOL UNDER THE NEW JERSEY DEPARTMENT OF EDUCATION. THE SCHOOL ALSO RECEIVES FEDERAL FUNDING TO HELP PROMOTE THEIR ACADEMICS. 0 0 0 0 0 0 0 0 0 ANTONIA O'SULLIVAN HEAD OF SCHOOLS 183613 0 0 0 0 0 1500 0 31616 0 216729 0 0 0 LISA BONNIFIELD HEAD OF SCHOOLS 171738 0 0 0 0 0 1200 0 31616 0 204554 0 0 0 JENNA MARCUS HEAD OF SCHOOLS 168600 0 0 0 0 0 1500 0 31616 0 201716 0 0 0 KYLE MEACHAM CHIEF OF STAFF 170426 0 0 0 0 0 1200 0 0 0 171626 0 0 0 YEPPII ESTEBAN MANAGING DIRECTOR OF SCHOOL OPERATIO 165650 0 0 0 0 0 1500 0 0 0 167150 0 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR IS COMPENSATED BY KIPP TEAM AND FAMILY SCHOOLS. FORM 990, PART VI, SECTION A, LINE 3 THE SCHOOL UTILIZES KIPP TEAM AND FAMILY SCHOOLS, INC. (KTAF), AN UNRELATED 501(C)(3) ORGANIZATION, TO PROVIDE MANAGEMENT AND OTHER ADMINISTRATIVE SUPPORT SERVICES TO THE SCHOOL. UNDER THE AGREEMENT, THE SERVICE FEES ARE PAID MONTHLY AND ARE EQUAL TO 12% OF CORE STATE AND LOCAL FUNDS RECEIVED BY THE SCHOOL. IN ADDITION TO THE MANAGEMENT FEE, THE SCHOOL IS OBLIGATED TO REIMBURSE KTAF FOR SALARY AND RELATED COSTS (THE ANCILLARY SERVICES) ATTRIBUTABLE TO CERTAIN EMPLOYEES WHO WERE PREVIOUSLY EMPLOYED BY THE SCHOOL AND THAT ARE CONSIDERED TO BE PERFORMING DIRECT SCHOOL FUNCTIONS THAT REPRESENT THOSE OF AN EMPLOYEE OF THE SCHOOL. THE EXECUTIVE DIRECTOR AND THE CFO ARE COMPENSATED BY KIPP TEAM AND FAMILY SCHOOLS. FOR OFFICER COMPENSATION, PLEASE REFER TO KIPP TEAM AND FAMILY SCHOOLS, INC. FORM 990, PART VII. THE SCHOOL PAID $16,616,720 OF MANAGEMENT FEES IN FISCAL YEAR 2025. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL REVIEWS THE FORM 990 WITH THE OUTSIDE AUDITOR BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD ADHERES TO THE CONFLICT OF INTEREST POLICY AS PRESCRIBED BY THE NJ DEPARTMENT OF EDUCATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS AND APPROVES ALL SALARIES. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY CONTACTING THE ADMINISTRATION AT THE SCHOOL. FORM 990, PART VII, LINE 1A: THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF THE CHARTER MANAGEMENT ORGANIZATION (CMO) AND COMPENSATED BY THE CMO RATHER THAN THE SCHOOL. FORM 990, PART XII, LINE 2C: THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. KINGSTON EDUCATIONAL HOLDINGS 1 INC 60 PARK PLACE SUITE 802 NEWARK NJ 07102 453986301 SCHOOL REAL ESTATE NJ 501(C)(3) LINE 12B, II N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE R, PART II: KINGSTON EDUCATIONAL HOLDINGS 1, INC. IS A SUPPORTING ORGANIZATION OF TEAM. AS A RESULT, IT IS LISTED AS A RELATED TAX-EXEMPT ORGANIZATION IN PART II OF SCHEDULE R. KINGSTON EDUCATIONAL HOLDINGS 1, INC. DOES NOT HAVE 50% BOARD OVERLAP WITH TEAM, SO THIS IS NOT A "CONTROL" RELATIONSHIP UNDER 512B OF THE IRC.