2024-05-15T13:55:30-05:00 2023-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-07-01 274419100 ASHLAND SCHOOL INC ASHL 9736220905 60 PARK PLACE 802 NEWARK NJ 07102 GABRIELLA DIFILIPPO SECRETARY 9736220905 2024-05-14 1 GABRIELLA DIFILIPPO XXX-XX-XXXX 1 ANDREW R PURICELLI CPA P01633436 5083669100 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GABRIELLA DIFILIPPO 60 PARK PLACE 802 NEWARK NJ 07102 4572801 0 X N/A X 2010 NJ ASHLAND SCHOOL, INC. (ASHLAND) WAS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF, OR TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE FRIENDS OF TEAM CHARTER SCHOOLS, INC. (FOT), A NEW JERSEY NON-PROFIT ORGANIZATION AND A PUBLIC CHARITY FOR PURPOSES OF SECTION 501(C)3 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. 3 3 0 3 0 0 0 0 4437319 4446447 52815 126354 0 0 4490134 4572801 0 0 0 0 0 0 0 0 0 3541900 3467935 3541900 3467935 948234 1104866 57536083 57388594 55608301 54355946 1927782 3032648 X ASHLAND WAS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF, OR TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE FRIENDS OF TEAM CHARTER SCHOOLS, INC. (FOT), A NEW JERSEY NON-PROFIT ORGANIZATION AND A PUBLIC CHARITY FOR PURPOSES OF SECTION 501(C)3 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. 0 0 3449255 4446447 RENTAL INCOME FROM PROPERTIES LOCATED AT 229 18TH AVENUE IN NEWARK, NJ, 85 CUSTER AVENUE IN NEWARK, NJ AND 21 ASHLAND STREET IN NEWARK, NJ. ALL PROPERTIES ARE SCHOOLS WHICH ARE LEASED TO THE TEAM ACADEMY CHARTER SCHOOLS, INC. (TEAM), A NEW JERSEY CHARTER SCHOOL, WHICH FALLS DIRECTLY WITHIN THE SCOPE OF ASHLAND'S MISSION STATEMENT. 3449255 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 NJ X STEVEN SMALL 9736220905 60 PARK PLACE 802 NEWARK NJ 07102 X JORDAN METZGER TRUSTEE 2.00 X 0 0 0 DANIEL ADAN TRUSTEE 2.00 2.00 X 0 0 0 HANNAH RICHMAN TRUSTEE 2.00 3.00 X 0 0 0 GABRIELLA DIFILIPPO NON-VOTING SECRETARY 2.00 5.00 X 0 0 0 0 0 0 0 0 0 0 0 RENT 531120 4446447 4446447 4446447 126354 126354 4572801 4446447 0 126354 18680 18680 3500 3500 2217703 2217703 1179703 1179703 29052 29052 MISCELLANEOUS 19297 19297 3467935 3449255 18680 0 3802281 4852559 267114 282026 59220732 7405933 52994502 51814799 472186 439210 57536083 57388594 411075 399698 20369718 20278215 34827508 33678033 55608301 54355946 X 1927782 3032648 1927782 3032648 57536083 57388594 1104866 0 X X 0 1 X 1 0 X X X 1 THE FRIENDS OF TEAM CHARTER SCHOOLS INC 201018667 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D, LINE 3: FOT WAS ORGANIZED TO SUPPORT CHARTER SCHOOLS IN TEAM'S NETWORK, INCLUDING THE CAMPUSES OWNED AND RENTED BY ASHLAND. PART IV, SECTION E, LINE 2A: 1. FOT WAS ORGANIZED EXCLUSIVELY TO PROVIDE SUPPORT SERVICES TO TEAM. SUBSTANTIALLY ALL OF ASHLAND'S ACTIVITIES INVOLVE THE DEVELOPMENT, MAINTENANCE AND RENTAL OF THREE SCHOOL CAMPUSES LOCATED AT 85 CUSTER AVENUE, 21 ASHLAND STREET AND 229 18TH AVENUE, IN NEWARK, NJ, WHICH ARE LEASED TO TEAM FOR PURPOSES OF OPERATING PUBLIC CHARTER SCHOOLS. THUS, ASHLAND'S ACTIVITIES DIRECTLY FURTHER THE EXEMPT PURPOSE OF FOT. 2. ASHLAND WAS RESPONSIVE TO FOT BY MEANS OF SHARING CERTAIN TRUSTEES ON ITS GOVERNING BODY WITH FOT AND CONDUCTING ITS ACTIVITIES IN A MANNER TO DIRECTLY FURTHER FOT'S EXEMPT PURPOSE. 3. ASHLAND DETERMINED THAT RENTAL OF THE THREE SCHOOL CAMPUSES (NOTED AT #1, ABOVE) CONSTITUTES SUBSTANTIALLY ALL OF ITS ACTIVITIES BECAUSE RENTAL INCOME FROM SAID ACTIVITY TOTALS OVER 98% OF ASHLAND'S TOTAL REVENUE REPORTED ON FORM 990, PART VIII, COLUMN A, LINE 12. IN ADDITION, ASHLAND WAS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF LEASING REAL PROPERTY TO TEAM, WHICH MIRRORS FOT'S EXEMPT PURPOSE OF PROVIDING SUPPORT SERVICES TO TEAM. PART IV, SECTION E, LINE 2B: BECAUSE FOT'S EXEMPT PURPOSE IS TO PROVIDE SUPPORT SERVICES TO TEAM, FOT WOULD HAVE ENGAGED IN THE DEVELOPMENT, MAINTENANCE AND RENTAL OF THE THREE CAMPUSES CURRENTLY OWNED BY ASHLAND IN ORDER TO ENSURE THAT TEAM HAD ADEQUATE SCHOOL FACILITIES IN NEWARK, NJ. 3651475 3651475 21389575 5874764 15514811 469557 440547 29010 33710125 1090622 32619503 51814799 NOTES PAYABLE TO KINGSTON EDUCATIONAL HOLDINGS 1, INC. 32790777 NOTES PAYABLE TO THE FRIENDS OF TEAM CHARTER SCHOOLS, INC. 886706 DUE TO FRIENDS OF TEAM CHARTER SCHOOLS, INC. 550 33678033 X 4601116 28315 28315 4572801 0 4572801 3496250 28315 28315 3467935 0 3467935 PART X, LINE 2: ASHLAND 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. ASHLAND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2023. A NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 6459182H5 2013-11-26 20458462 ACQUIRE AND RENOVATE PROPERTIES IN NEWARK TO BE LEASED BY TEAM. 0 0 0 A 360000 20458462 1746100 413358 18299004 2014 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2018 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE FILING WITH THE INTERNAL REVENUE SERVICE (IRS). 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. INDEPENDENT RELATED PARTY INTEREST DISCLOSURE CONFIRMATIONS ARE SENT FROM INDEPENDENT AUDITORS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 ASHLAND'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: ASHLAND HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. THE FRIENDS OF TEAM CHARTER SCHOOLS INC 60 PARK PLACE SUITE 802 NEWARK NJ 07102 201018667 SCHOOL SUPPORT SERVICES AND SCHOOL REAL ESTATE NJ 501(C)(3) LINE 7 N/A 0 NCA FACILITY INC 60 PARK PLACE SUITE 802 NEWARK NJ 07102 274419292 SCHOOL REAL ESTATE NJ 501(C)(3) LINE 12B, II KINGSTON EDUCATIONAL HOLDINGS 1 INC 0 THE 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0