Ashland was organized exclusively for the benefit of, or to perform the functions of, or to carry out the purposes of 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.

Education

Rental income from two properties located at 85 custer avenue in newark, nj and 21 ashland street in newark, nj. Both 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.