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Nonprofiteer
← CHESTNUT CAMPUS INC

Form 990 for tax year 2023

Filed by CHESTNUT CAMPUS INC.

Totals

Total revenue
$3,356,666
Total expenses
$252,411
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$67,755
Investment income
$3,288,911
Other revenue
$0
Total assets, end of year
$3,778,198
Total liabilities, end of year
$55,349
Net assets or fund balances, end of year
$3,722,849
Program services expenses (Part IX)
$0
Management and general expenses
$252,411
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: FACILITY FEE

    total $67,755 · related or exempt $67,755

  • 7a · Gross sales of assets other than inventory

    other assets $5,675,000

  • 7b · Less cost or other basis and sales expenses

    other assets $2,386,089

  • 7c · Gain or loss

    other assets $3,288,911

  • 7d · Net gain or loss

    total $3,288,911 · excluded $3,288,911

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $24,110 · management and general $24,110

  • 11c · Fees: accounting

    total $10,698 · management and general $10,698

  • 16 · Occupancy

    total $26,210 · management and general $26,210

  • 20 · Interest

    total $5,574 · management and general $5,574

  • 22 · Depreciation, depletion and amortization

    total $20,701 · management and general $20,701

  • 23 · Insurance

    total $6,470 · management and general $6,470

  • 24a · Other expenses: TAXES

    total $158,075 · management and general $158,075

  • 24b · Other expenses: BANKING FEES

    total $573 · management and general $573

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $258,285 · end of year $3,067,303

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $2,158,784 · end of year $0

  • 15 · Other assets

    beginning of year $26,210 · end of year $710,895

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,349 · end of year $55,349

  • 24 · Unsecured notes and loans payable

    beginning of year $1,125,208 · end of year $0

  • 25 · Other liabilities

    beginning of year $698,128 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $618,594 · end of year $3,722,849

Mission and programs · 2023

Mission

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 SCHOOL FACILITIES AND OPERATIONS 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.

Activities or mission (Part I)

TO OPERATE AND MAINTAIN AN EDUCATIONAL INSTITUTION THAT SUPPORTS AND DEVELOPS CHARTER SCHOOLS.

  • 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 OPERATIONS 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.

    Revenue $67,755

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KEYSHA BAILEY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JIM WIGGETT

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • RICK LEAR

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JILLIAN JUMAN

    CEO

    Total calculated
    $300,753
    From this org
    $0
    From related orgs
    $265,108
    Other
    $35,645
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $229,463 related
    Bonus
    $0
    Other
    $0 + $35,645 related
    Deferred
    $0 + $32,490 related
    Nontaxable benefits
    $0 + $3,155 related
    Filer's total
    $0 + $300,753 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
EACH YEAR, ENVISION EDUCATION'S BOARD OF DIRECTORS MEET TO DISCUSS THE COMPENSATION FOR ALL COMPANY EMPLOYEES. THE BOARD REVIEW DATA REGARDING THE COMPENSATION PAID TO SIMILARLY QUALIFIED INDIVIDUALS IN FUNCTIONALLY COMPARABLE POSITIONS BY SIMILAR ORGANIZATIONS WITHIN THE GEOGRAPHIC REGION. THE BOARD ALSO REVIEW THE PERFORMANCE OF THE EMPLOYEES DURING THE PRIOR YEAR AND THE RECOMMENDATIONS OF THE EXECUTIVE DIRECTOR REGARDING ANY ADJUSTMENTS TO THE EMPLOYEES' COMPENSATION. THE EXECUTIVE DIRECTOR LEAVES THE BOARD MEETING WHILE THE BOARD DELIBERATES AND DECIDES ON ANY ADJUSTMENTS TO COMPENSATION OF THE EXECUTIVE DIRECTOR AND OTHER EMPLOYEES FOR THE UPCOMING YEAR. DECISIONS ARE RECORDED IN THE MINUTES OF THE BOARD MEETING AND IN SEPARATE INSTRUCTIONS TO THE EXECUTIVE DIRECTOR TO IMPLEMENT THE DECISIONS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2023
Filed
10 May 2025
IRS schema version
2023v6.0
Source object
202511359349317011

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