Civic Intelligence

Friends of Team Academy Charter School a New Jersey Non-Profit Org

990 • Fiscal year 2014 • EIN 20-1018667

Jul 01, 2013 to Jun 30, 2014 • Filed on May 15, 2015

Organization ProfileWWW.KIPPNJ.ORG
60 Park Place Suite 80207102

(973) 622-0905

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.71x

Higher debt load relative to assets than 85% of similar nonprofits.

2014 filings • NTEE B • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

91st percentile

3.91x

Higher debt load relative to revenue than 91% of similar nonprofits.

2014 filings • NTEE B • $50M-$100M nonprofits • Source year 2014

Net Margin

92nd percentile

32%

Higher net margin than 92% of similar nonprofits.

2014 filings • NTEE B • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

23rd percentile

0.1%

Faster asset growth than 23% of similar nonprofits.

2014 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

87th percentile

40%

Faster revenue growth than 87% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2012 to 2014

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$80,048,365

Up $94,363 (+0.1%) from 2013

Net Assets

Up

$23,417,959

Up $5,814,844 (+33%) from 2013

Liabilities

Down

$56,630,406

Down $5,720,481 (-9.2%) from 2013

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin92nd percentile

Revenue

$14,494,908

No earlier filing loaded for comparison.

Expenses

Up

$9,794,292

Up $7,295,948 (+292%) from 2013

Net Income

$4,700,616

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2010: $8,844,717Liabilities 2010: $3,401,071Net Assets 2010: $5,443,6462010Assets 2011: $32,611,099Liabilities 2011: $24,901,258Net Assets 2011: $7,709,8412011Assets 2012: $53,205,614Liabilities 2012: $39,948,863Net Assets 2012: $13,256,7512012Assets 2013: $79,954,002Liabilities 2013: $62,350,887Net Assets 2013: $17,603,1152013Assets 2014: $80,048,365Liabilities 2014: $56,630,406Net Assets 2014: $23,417,9592014Assets 2015: $110,422,366Liabilities 2015: $82,712,295Net Assets 2015: $27,710,0712015Assets 2016: $111,744,523Liabilities 2016: $81,702,213Net Assets 2016: $30,042,3102016Assets 2017: $111,049,815Liabilities 2017: $74,267,574Net Assets 2017: $36,782,2412017Assets 2018: $110,750,034Liabilities 2018: $69,876,198Net Assets 2018: $40,873,8362018Assets 2019: $128,551,917Liabilities 2019: $84,779,505Net Assets 2019: $43,772,4122019Assets 2020: $140,895,383Liabilities 2020: $93,553,705Net Assets 2020: $47,341,6782020Assets 2021: $192,911,739Liabilities 2021: $140,643,421Net Assets 2021: $52,268,3182021Assets 2022: $241,241,974Liabilities 2022: $185,911,975Net Assets 2022: $55,329,9992022Assets 2023: $232,313,773Liabilities 2023: $172,897,923Net Assets 2023: $59,415,8502023Assets 2024: $220,603,171Liabilities 2024: $156,389,300Net Assets 2024: $64,213,8712024

Highlighted filing

2014

Assets$80,048,365
Liabilities$56,630,406
Net Assets$23,417,959
Open 2014 Filing

Operations Trend

Revenue Growth87th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0Expenses 2010: $1,494,7922010Revenue 2011: $4,075,264Expenses 2011: $1,809,069Net Income 2011: $2,266,1952011Revenue 2012: $7,346,152Expenses 2012: $1,802,320Net Income 2012: $5,543,8322012Expenses 2013: $2,498,3442013Revenue 2014: $14,494,908Expenses 2014: $9,794,292Net Income 2014: $4,700,6162014Revenue 2015: $15,288,018Expenses 2015: $10,053,357Net Income 2015: $5,234,6612015Revenue 2016: $14,162,835Expenses 2016: $10,254,101Net Income 2016: $3,908,7342016Revenue 2017: $13,154,469Expenses 2017: $8,177,831Net Income 2017: $4,976,6382017Revenue 2018: $10,699,772Expenses 2018: $7,707,737Net Income 2018: $2,992,0352018Revenue 2019: $11,809,919Expenses 2019: $8,633,573Net Income 2019: $3,176,3462019Revenue 2020: $10,896,407Expenses 2020: $7,327,141Net Income 2020: $3,569,2662020Revenue 2021: $12,328,545Expenses 2021: $7,401,905Net Income 2021: $4,926,6402021Revenue 2022: $11,734,420Expenses 2022: $8,672,739Net Income 2022: $3,061,6812022Revenue 2023: $15,217,036Expenses 2023: $11,131,185Net Income 2023: $4,085,8512023Revenue 2024: $16,279,365Expenses 2024: $11,481,344Net Income 2024: $4,798,0212024

Highlighted filing

2014

Revenue$14,494,908
Expenses$9,794,292
Net Income$4,700,616
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 15, 2015
Return Version
2013v4.0
Gross Receipts
$18,970,060
Mission and Program Overview

Mission

Fota was organized exclusively to provide support and services ot team academy charter school. The support services include obtaining financial support, providing property or services directly to the school or to its staff to facilitate the purposes and programs of the school.

The friends of team academy charter school, a new jersey non-profit organization (fota) was organized exclusively to provide support and services to team academy charter school. The support services include obtaining financial support, providing property or services directly to the school or to it's staff to facilitate the purposes and programs of the school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$62,310,601$62,672,460▲ $361,859
Cash and Non-Interest-Bearing Accounts$6,858,173$5,472,564▼ $1,385,609
Accounts Receivable$2,644,938$1,905,375▼ $739,563
Intangible Assets-$1,372,440-
Pledges and Grants Receivable$627,665$1,155,671▲ $528,006
Land, Buildings, and Equipment, Net$6,776,947$856,489▼ $5,920,458
Savings and Temporary Cash Investments-$51,439-
Prepaid Expenses and Deferred Charges$56,090$13,887▼ $42,203
Total Assets$79,954,002$80,048,365▲ $94,363
Other Assets Total$679,588$6,548,040▲ $5,868,452
Liabilities
Mortgage Notes Payable Secured by Investment Property-$52,012,657-
Grants Payable-$2,099,750-
Accounts Payable and Accrued Expenses$2,192,279$1,437,348▼ $754,931
Deferred Revenue$1,300,724--
Other Liabilities$58,857,884$914,750▼ $57,943,134
Escrow Account Liability-$165,901-
Total Liabilities$62,350,887$56,630,406▼ $5,720,481
Net Assets / Fund Balance
Unrestricted Net Assets$17,603,115$18,856,538▲ $1,253,423
Temporarily Rstr Net Assets-$4,561,421-
Total Net Assets Fund Balance$17,603,115$23,417,959▲ $5,814,844
Total Liabilities and Net Assets / Fund Balance$79,954,002$80,048,365▲ $94,363

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$752,290$405,350$1,157,640
Equipment$104,199$21,324$125,523
Investment Program Related Org$61,938,618--
Other Assets Org$6,447,773--
Compensation and Service Providers
Top Officer Pay4th percentile

Board Members and Trustees

NameTitle
Timothy CardenPresident
Jordan MetzgerVice President
Carmen MaldonadoMember
Connie MaxMember
Lea CiavarraMember
Reena BhatiaMember
Thad SheelyMember
Hannah RichmanSecretary (non-voting)
Thomas ComiskeyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,133,245
Program Service Revenue
$7,201,626
Investment Income
$2,793,640
Other Revenue
$366,397
All Other Contributions
$3,593,592
Change in Net Assets
$4,700,616

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Miscellaneous3$109,384Fair Market Value
Total Noncash Contributions3$109,384-

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,494,908
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$14,494,908
Total Revenue per Form 990
$14,494,908
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,094,588
Grants and Similar Amounts Paid$2,699,704
Total Fundraising Expense$224,354
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,488,945--$2,488,945
Grants to Domestic Orgs$2,349,085--$2,349,085
Occupancy$2,069,054$170,635$15,873$2,255,562
Travel$298,199$241,935$22,506$562,640
Grants to Domestic Individuals$350,619--$350,619
Office Expenses$122,198$99,142$9,223$230,563
All Other Expenses$146,700--$146,700
Depreciation Depletion$129,687--$129,687
Other Expenses$66,151$53,670$4,992$124,813
Fees for Services Other-$118,374-$118,374
Fees for Services Accounting-$26,144-$26,144
Fees for Services Legal-$20,079-$20,079
Advertising$10,076--$10,076
Insurance$4,908$3,982$370$9,260
Total Functional Expenses$8,835,977$733,961$224,354$9,794,292

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,484,042
Expenses per Audited Statements$9,794,292
Total Expenses per Form 990$9,794,292
Expenses Not Reported on Form 990$689,750
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
01-0660264-New JerseyTo Provide Support for Team Academy Schools.$1,965,274
46-2792701-PendingTo Provide Support to Kipp and Their Effort to Provide Support Services for Team Academy Schools.$383,811
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$427,475
Fundraising Direct Expenses$105,280
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$967,128$427,475-$427,475
Total Events$967,128$427,475$105,280$322,195
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unrealized Loss on Interest Rate Swap Contracts$689,750
Due to Ashland School, Inc.$225,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The form 990 is provided to the board of directors for review and approval.”

Form 990, Part VI, Section B, Line 12C

“Board members are asked to recuse themselves whenever matters that may present conflict of interest issues arise. Additionally, board members are required to complete a related party questionnaire on an annual basis.”

Form 990, Part VI, Section C, Line 19

“This information is available upon request.”

Filing and Contact Details

Filer

EIN
20-1018667
Phone
9736220905

Signing Officer

Name
Hannah Richman
Title
Secretary
Phone
9736220905
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hannah Richman
Formed
2004
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Preparer
Thomas Washburn CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The process has remained consistent between years.”

Financial Statement Notes

PART X, LINE 2:

“Fota accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the financial statements regarding a tax position taken or expected to be taken in a tax return. Fota has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the financial statements at june 30, 2014. Fota's information returns are subject to examination by the federal and state jurisdictions and generally remain open for the most recent three years.”

PART IV, LINE 2B:

“The friends of team academy charter school, inc. Received grants for benefit of another agency that will operate a network of charter schools in camden, new jersey. The other agency's not-for-profit status is pending.”

Raw XML AppendixShowing 400 of 618 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY (NON-VOTING)
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0163512
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt062310601
IRS990/InvestmentsProgramRelatedGrp/EOYAmt062672460
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0426674
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06776947
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0856489
IRS990/LandBldgEquipCostOrOtherBssAmt01283163
IRS990/LegalDomicileStateCd0NJ
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt04369872
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FOTA WAS ORGANIZED EXCLUSIVELY TO PROVIDE SUPPORT AND SERVICES OT TEAM ACADEMY CHARTER SCHOOL. THE SUPPORT SERVICES INCLUDE OBTAINING FINANCIAL SUPPORT, PROVIDING PROPERTY OR SERVICES DIRECTLY TO THE SCHOOL OR TO ITS STAFF TO FACILITATE THE PURPOSES AND PROGRAMS OF THE SCHOOL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt052012657
IRS990/NetAssetsOrFundBalancesBOYAmt017603115
IRS990/NetAssetsOrFundBalancesEOYAmt023417959
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02630128
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02630128
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0322195
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0322195
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-689750
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0109384
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt015873
IRS990/OccupancyGrp/ManagementAndGeneralAmt0170635
IRS990/OccupancyGrp/ProgramServicesAmt02069054
IRS990/OccupancyGrp/TotalAmt02255562
IRS990/OfficeExpensesGrp/FundraisingAmt09223
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt099142
IRS990/OfficeExpensesGrp/ProgramServicesAmt0122198
IRS990/OfficeExpensesGrp/TotalAmt0230563
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0679588
IRS990/OtherAssetsTotalGrp/EOYAmt06548040
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PREPAYMENT PENALTY ON N
IRS990/OtherExpensesGrp/Desc1FORGIVENESS OF DEBT
IRS990/OtherExpensesGrp/Desc2FUNDRAISING PROGRAM COS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt0171390
IRS990/OtherExpensesGrp/FundraisingAmt14992
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt053670
IRS990/OtherExpensesGrp/ProgramServicesAmt0400300
IRS990/OtherExpensesGrp/ProgramServicesAmt1400055
IRS990/OtherExpensesGrp/ProgramServicesAmt266151
IRS990/OtherExpensesGrp/TotalAmt0400300
IRS990/OtherExpensesGrp/TotalAmt1400055
IRS990/OtherExpensesGrp/TotalAmt2171390
IRS990/OtherExpensesGrp/TotalAmt3124813
IRS990/OtherLiabilitiesGrp/BOYAmt058857884
IRS990/OtherLiabilitiesGrp/EOYAmt0914750
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt044202
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt044202
IRS990/OtherRevenueTotalAmt044202
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0627665
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01155671
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt056090
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013887
IRS990/PrincipalOfficerNm0HANNAH RICHMAN
IRS990/PriorPeriodAdjustmentsAmt01803978
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1531120
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1RENT INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04845374
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12356252
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04845374
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12356252
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03845196
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01005332
IRS990/PYInvestmentIncomeAmt022276
IRS990/PYOtherExpensesAmt05377219
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt06861443
IRS990/PYRevenuesLessExpensesAmt04346364
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt06382551
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010728915
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt04700616
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt07245828
IRS990/SavingsAndTempCashInvstGrp/EOYAmt051439
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0OTHER REVENUE INCLUDES REFUNDS OF INSURANCE PROCEEDS, S.A.T PREPARATION FEES, TEAM IN AFRICA PROGRAM RECEIPTS AND OTHER MISCELLANEOUS CASH RECEIPTS.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0PART II, LINE 10:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04023861
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03827871
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05831368
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02566425
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02198453
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt018447978
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0163512
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt022276
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0763622
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt025446
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0974856
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt022978073
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt044204
IRS990ScheduleA/OtherIncome170Grp/TotalAmt044204
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.83870
IRS990ScheduleA/PublicSupportPY170Pct00.96490
IRS990ScheduleA/PublicSupportTotal170Amt016327842
IRS990ScheduleA/SubstantialContributorsTotAmt02120136
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04023861
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03827871
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt05831368
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02566425
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02198453
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt018447978
IRS990ScheduleA/TotalSupportAmt019467038
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0104199
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021324
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0125523
IRS990ScheduleD/ExpensesNotReportedAmt0689750
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09794292
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0733842
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt161938618
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NOTES RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1BONDS RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0752290
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0405350
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01157640
IRS990ScheduleD/LossesReportedAmt0689750
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0100267
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt16447773
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM RELATED PARTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0225000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1689750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO ASHLAND SCHOOL, INC.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1UNREALIZED LOSS ON INTEREST RATE SWAP CONTRACTS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt014494908
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOTA ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOTA HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2014. FOTA'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS AND GENERALLY REMAIN OPEN FOR THE MOST RECENT THREE YEARS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FRIENDS OF TEAM ACADEMY CHARTER SCHOOL, INC. RECEIVED GRANTS FOR BENEFIT OF ANOTHER AGENCY THAT WILL OPERATE A NETWORK OF CHARTER SCHOOLS IN CAMDEN, NEW JERSEY. THE OTHER AGENCY'S NOT-FOR-PROFIT STATUS IS PENDING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0856489
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06548040
IRS990ScheduleD/TotalBookValueProgramRltdAmt062672460
IRS990ScheduleD/TotalExpensesPerForm990Amt09794292
IRS990ScheduleD/TotalLiabilityAmt0914750
IRS990ScheduleD/TotalRevenuePerForm990Amt014494908
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt014494908
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010484042
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0539653
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0539653
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0105280
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt062480
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt062480
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0967128
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0967128
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0427475
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0427475
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0FOTA BTC

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$80,048,365
Liabilities
$56,630,406
Net assets
$23,417,959
Revenue
$14,494,908
Expenses
$9,794,292
Net income
$4,700,616
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$221$156$64.2$16.3$11.5$4.80
2023Summary only. Only limited summary data is available for this year.$232$173$59.4$15.2$11.1$4.09
2022Summary only. Only limited summary data is available for this year.$241$186$55.3$11.7$8.67$3.06
2021Summary only. Only limited summary data is available for this year.$193$141$52.3$12.3$7.40$4.93
2020Summary only. Only limited summary data is available for this year.$141$93.6$47.3$10.9$7.33$3.57
2019Summary only. Only limited summary data is available for this year.$129$84.8$43.8$11.8$8.63$3.18
2018Summary only. Only limited summary data is available for this year.$111$69.9$40.9$10.7$7.71$2.99
2017Summary only. Only limited summary data is available for this year.$111$74.3$36.8$13.2$8.18$4.98
2016Summary only. Only limited summary data is available for this year.$112$81.7$30.0$14.2$10.3$3.91
2015Summary only. Only limited summary data is available for this year.$110$82.7$27.7$15.3$10.1$5.23
2014Detailed filing. Detailed filing data is available for this year.$80.0$56.6$23.4$14.5$9.79$4.70
2013Summary only. Only limited summary data is available for this year.$80.0$62.4$17.6$2.50
2012Summary only. Only limited summary data is available for this year.$53.2$39.9$13.3$7.35$1.80$5.54
2011Summary only. Only limited summary data is available for this year.$32.6$24.9$7.71$4.08$1.81$2.27
2010Summary only. Only limited summary data is available for this year.$8.84$3.40$5.44$1.49