In theory it's a good idea. WMNJ has to be very careful that they're in compliance with all FCC and other regulations and copyright law before they stream. There are different provisions for non-profit organizations, but still, spend some time getting it right or you could potentially put a lot of people in a very bad situation.
Also, you'll have to work closely with CNS to make sure that there won't be bandwidth, security, or other concerns. You may want to seek a site that will rebroadcast your stream--that means just one copy of the data out of Drew and will probably be more reliable. It will cost money.