Chestnut Campus Inc
- Assets
- $2.4m
- Revenue
- $340.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 03/2015
- Data as of
- 06/2022
- EIN
- 47-1990359
Organization Overview
Chestnut Campus Inc is located in Oakland, CA. The organization was established in 2015. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chestnut Campus Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Chestnut Campus Inc generated $340.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $60.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (21.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE CORPORATION IS TO OPERATE AND MAINTAIN AN EDUCATIONAL INSTITUTION THAT OPERATES CHARTER SCHOOLS; TO FACILITATE THE DEVELOPMENT OF CHARTER SCHOOLS; TO LEASE, OWN, MANAGE, AND MAINTAIN CHARTER SCHOOL FACILITIES; TO PROVIDE CHARTER SCHOO FACILITIES AND OPERATIONAL AND OTHER SUPPORT TO CHARTER SCHOOLS; TO ASSIST PHILANTHROPISTS AND FOUNDATIONS IN SUPPORTING THE OPERATIONS AND GROWTH OF CHARTER SCHOOLS; AND TO PROVIDE AND OTHERWISE OBTAIN OR ASSIST IN OBTAINING CHARTER SCHOOL FINANCING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVES AS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS (AS DEFINED IN CODE SECTION 45D) FOR A NEW MARKETS TAX CREDIT TRANSACTION AND ASSISTS NOT-FOR-PROFIT CHARTER SCHOOL OPERATORS IN THE DEVELOPMENT OF NEW FACILITIES. CURRENTLY, THE ORGANIZATION OWNS AND LEASE A THREE-BUILDING CHARTER SCHOOL LOCATED IN OAKLAND, CALIFORNIA.
OPERATE AND MAINTAIN AN EDUCATIONAL INSTITUTION THAT OPERATES CHARTER SCHOOLS; TO FACILITATE THE DEVELOPMENT OF CHARTER SCHOOLS; TO LEASE, OWN, MANAGE, AND MAINTAIN CHARTER SCHOOL FACILITIES; TO PROVIDE CHARTER SCHOOL FACILITIES AND OPERATIONAL AND OTHER SUPPORT TO CHARTER SCHOOLS; TO ASSIST PHILANTHROPISTS AND FOUNDATIONS IN SUPPORTING THE OPERATIONS AND GROWTH OF CHARTER SCHOOLS; AND TO PROVIDE AND OTHERWISE OBTAIN OR ASSIST IN OBTAINING CHARTER SCHOOL FINANCING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Fern President | OfficerTrustee | 1 | $0 |
Peter Calthrope Vice President/cfo | OfficerTrustee | 1 | $0 |
Ron Nahas Vice President/cfo | OfficerTrustee | 1 | $0 |
Susan Neufeld Secretary | OfficerTrustee | 1 | $0 |
Adam Miller Treasurer | OfficerTrustee | 1 | $0 |
Gia Truong CEO | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,887 |
| Total Program Service Revenue | $283,333 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $340,220 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,157 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,404 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,115 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,401 |
| Insurance | $0 |
| All other expenses | $225 |
| Total functional expenses | $60,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,500 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,553 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,593 |
| Net Land, buildings, and equipment | $2,229,758 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,399,258 |
| Accounts payable and accrued expenses | $29,415 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,440,264 |
| Other liabilities | $650,100 |
| Total liabilities | $2,119,779 |
| Net assets without donor restrictions | $279,479 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,399,258 |