Progressive Equity Charter Inc.

990 • Fiscal year 2016 • EIN 80-0496070

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 10, 2017

Organization Profile N/A

1000 42nd StreetOakland, CA 94608

(510) 655-0540

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.58x

Higher debt load relative to assets than 82% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

7.50x

Higher debt load relative to revenue than 96% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

-20%

Higher net margin than 15% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

-5.6%

Faster asset growth than 20% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

4.4%

Faster revenue growth than 54% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet

Liabilities / Assets82nd percentile

Assets

Down

$4,452,151

Down $265,047 (-5.6%) from 2015

Net Assets

Down

$1,882,592

Down $67,759 (-3.5%) from 2015

Liabilities

Down

$2,569,559

Down $197,288 (-7.1%) from 2015

Revenue And Expenses

Liabilities / Revenue96th percentile Net Margin15th percentile

Revenue

$342,554

Up $14,354 (+4.4%) from 2015

Expenses

$410,313

Up $335,599 (+449%) from 2015

Net Income

Down

-$67,759

Down $321,245 (-127%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2016

Assets$4,452,151

Liabilities$2,569,559

Net Assets$1,882,592

Open 2016 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2016

Revenue$342,554

Expenses$410,313

Net Income-$67,759

Open 2016 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2015 to Jun 30, 2016
Signed: Feb 10, 2017
Return Version: 2015v3.0
Gross Receipts: $342,554

Mission and Program Overview

Mission

The mission and primary purposes of the corporation are to facilitate the development of charter schools; to lease, own, manage, and maintain an educational institution; to provide charter school facilities and operational and other support to charter schools; to assist philanthropists and foundations in accelerating the growth of high quality charter schools; and to provide and otherwise obtain or assist in obtaining charter school financing. Additionally, the corporation may engage in any activities that are reasonably related to or in furtherance of its stated charitable and public purposes, or in any other charitable activities.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$4,416,897	$4,342,993	▼ $73,904
Cash and Non-Interest-Bearing Accounts	$300,301	$109,158	▼ $191,143
Total Assets	$4,717,198	$4,452,151	▼ $265,047
Liabilities
Mortgage Notes Payable Secured by Investment Property	$2,766,827	$2,569,539	▼ $197,288
Accounts Payable and Accrued Expenses	$20	$20	→ $0
Total Liabilities	$2,766,847	$2,569,559	▼ $197,288
Net Assets / Fund Balance
Unrestricted Net Assets	$1,950,351	$1,882,592	▼ $67,759
Total Net Assets Fund Balance	$1,950,351	$1,882,592	▼ $67,759
Total Liabilities and Net Assets / Fund Balance	$4,717,198	$4,452,151	▼ $265,047

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$2,142,993	$471,973	$2,614,966
Land	$2,200,000	-	$2,200,000

Compensation and Service Providers

Top Officer Pay35th percentile

Board Members and Trustees

Name	Title
Richard Trafford-owen	President
Kristin Blair Hull	Director
Deborah J Owen	Secretary
Adam D Kaye	Treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $250
Program Service Revenue: $342,304
Investment Income: $0
Other Revenue: $0
All Other Contributions: $250
Change in Net Assets: $-67,759

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Grants and Similar Amounts Paid	$335,000
Other Expenses	$75,313
Professional Fundraising Fees	$0
Salaries, Compensation, and Employee Benefits	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Grants to Domestic Orgs	$335,000	-	-	$335,000
Depreciation Depletion	$73,904	-	-	$73,904
Other Expenses	$874	-	-	$874
Fees for Services Legal	$500	-	-	$500
Fees for Services Other	$35	-	-	$35
Total Functional Expenses	$410,313	$0	$0	$410,313

International Activity

Grant and Assistance Recipients

Recipient	Location	Category	Purpose	Amount
North Oakland Community Charter	Oakland, CA	501c3	-	$335,000

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Related Organizations and Partnerships

Related Tax-Exempt Organizations

Organization	Location	Activity	Code	Public Charity	Controlled
North Oakland Community Charter	Oakland, CA	Charter	501c3	2	No

Disregarded Entities

Entity	Location	Activity	Income	Assets	Controller
1000 42nd Street LLC	Oakland, CA	Property	$342,304	$4,438,112	Na

Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant: No
Annual disclosure for covered persons: Yes
Business relationship with family members: No
Business relationship with organization members: No
Material changes to governing documents: No
Compensation from other sources disclosed: No
CEO compensation reviewed: Yes
Other officer compensation reviewed: Yes
Conflict-of-interest policy: Yes
Audited financial statements prepared: No
Key decisions subject to board approval: No
Management duties delegated: No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“A copy of the form 990 is presented to the board for comments and/or approval prior to filing the form.”

Form 990, Page 6, Part VI, Line 12C

“Officers and directors are required to disclose any conflicts of interest on an annual basis.”

Form 990, Page 6, Part VI, Line 15A

“Compensation arrangements are approved in advance of paying compensation. Compensation date and terms are documented in writing. Comparable compensation by similar organizations, current compensation surveys compiled by independent firms, or actual written offers from similarly situated organizations are considered when determining compensation. The organization does not currently have any compensation arrangements.”

Form 990, Page 6, Part VI, Line 15B

“Compensation arrangements are approved in advance of paying compensation. Compensation date and terms are documented in writing. Comparable compensation by similar organizations, current compensation surveys compiled by independent firms, or actual written offers from similarly situated organizations are considered when determining compensation. The organization does not currently have any compensation arrangements.”

Form 990, Page 6, Part VI, Line 19

“Documents are readily available to the public upon request.”

Filing and Contact Details

Filer

Filer Name: Progressive Equity Charter Inc
EIN: 80-0496070
Phone: 5106550540
Address: 1000 42ND STREET, OAKLAND, CA 94608

Signing Officer

Name: Richard Trafford-owen
Title: President
Phone: 5106550540
Signed: 2017-02-10
Discuss with paid preparer: Yes

Organization Details

Principal Officer: Richard Trafford-owen
Formed: 2009
Legal Domicile: CA
Voting Board Members: 4
Independent Board Members: 4
Employees: 0

Preparer

Firm: Vicenti Lloyd & Stutzman
Address: 2210 E ROUTE 66 STE 100, GLENDORA, CA 91740-4676
Preparer: Wade Mcmullen CPA
Phone: 6268577300

Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission and primary purposes of the corporation are to facilitate the development of charter schools; to lease, own, manage, and maintain an educational institution; to provide charter school facilities and operational and other support to charter schools; to assist philanthropists and foundations in accelerating the growth of high quality charter schools; and to provide and otherwise obtain or assist in obtaining charter school financing. Additionally, the corporation may engage in any activities that are reasonably related to or in furtherance of its stated charitable and public purposes, or in any other charitable activities.”

Raw XML Appendix357 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path	#	Value
IRS990/AccountantCompileOrReviewInd	0	false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt	0	20
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt	0	20
IRS990/ActivitiesConductedPrtshpInd	0	false
IRS990/ActivityOrMissionDesc	0	THE MISSION AND PRIMARY PURPOSES OF THE CORPORATION ARE TO FACILITATE THE DEVELOPMENT OF CHARTER SCHOOLS; TO LEASE, OWN, MANAGE, AND MAINTAIN AN EDUCATIONAL INSTITUTION; TO PROVIDE CHARTER SCHOOL FACILITIES AND OPERATIONAL AND OTHER SUPPORT TO CHARTER SCHOOLS; TO ASSIST PHILANTHROPISTS AND FOUNDATIONS IN ACCELERATING THE GROWTH OF HIGH QUALITY CHARTER SCHOOLS; AND TO PROVIDE AND OTHERWISE OBTAIN OR ASSIST IN OBTAINING CHARTER SCHOOL FINANCING. ADDITIONALLY, THE CORPORATION MAY ENGAGE IN ANY ACTIVITIES THAT ARE REASONABLY RELATED TO OR IN FURTHERANCE OF ITS STATED CHARITABLE AND PUBLIC PURPOSES, OR IN ANY OTHER CHARITABLE ACTIVITIES.
IRS990/AllOtherContributionsAmt	0	250
IRS990/AnnualDisclosureCoveredPrsnInd	0	true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt	0	RICHARD TRAFFORD-OWEN
IRS990/BooksInCareOfDetail/PhoneNum	0	5106550540
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	1000 42ND STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm	0	OAKLAND
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd	0	94608
IRS990/BusinessRlnWithFamMemInd	0	false
IRS990/BusinessRlnWithOfficerEntInd	0	false
IRS990/BusinessRlnWithOrgMemInd	0	false
IRS990/CashNonInterestBearingGrp/BOYAmt	0	300301
IRS990/CashNonInterestBearingGrp/EOYAmt	0	109158
IRS990/ChangeToOrgDocumentsInd	0	false
IRS990/CollectionsOfArtInd	0	false
IRS990/CompensationFromOtherSrcsInd	0	false
IRS990/CompensationProcessCEOInd	0	true
IRS990/CompensationProcessOtherInd	0	true
IRS990/ConflictOfInterestPolicyInd	0	true
IRS990/ConservationEasementsInd	0	false
IRS990/ConsolidatedAuditFinclStmtInd	0	false
IRS990/CreditCounselingInd	0	false
IRS990/CYBenefitsPaidToMembersAmt	0	0
IRS990/CYContributionsGrantsAmt	0	250
IRS990/CYGrantsAndSimilarPaidAmt	0	335000
IRS990/CYInvestmentIncomeAmt	0	0
IRS990/CYOtherExpensesAmt	0	75313
IRS990/CYOtherRevenueAmt	0	0
IRS990/CYProgramServiceRevenueAmt	0	342304
IRS990/CYRevenuesLessExpensesAmt	0	-67759
IRS990/CYSalariesCompEmpBnftPaidAmt	0	0
IRS990/CYTotalExpensesAmt	0	410313
IRS990/CYTotalFundraisingExpenseAmt	0	0
IRS990/CYTotalProfFndrsngExpnsAmt	0	0
IRS990/CYTotalRevenueAmt	0	342554
IRS990/DecisionsSubjectToApprovaInd	0	false
IRS990/DeductibleArtContributionInd	0	false
IRS990/DeductibleNonCashContriInd	0	false
IRS990/DelegationOfMgmtDutiesInd	0	false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt	0	73904
IRS990/DepreciationDepletionGrp/TotalAmt	0	73904
IRS990/Desc	0	THE PRIMARY EXEMPT PURPOSE ACHIEVEMENT OF THE CORPORATION IS TO PROVIDE FACILITIES TO CHARTER SCHOOLS AND PROVIDE GRANTS TO ASSIST CHARTER SCHOOLS. THE PRIMARY REVENUE SOURCE FOR THE DISBURSEMENTS IS RENTAL INCOME.
IRS990/DescribedInSection501c3Ind	0	true
IRS990/DisregardedEntityInd	0	true
IRS990/DocumentRetentionPolicyInd	0	false
IRS990/DonorAdvisedFundInd	0	false
IRS990/ElectionOfBoardMembersInd	0	false
IRS990/EmployeeCnt	0	0
IRS990/EngagedInExcessBenefitTransInd	0	false
IRS990/ExpenseAmt	0	410313
IRS990/FamilyOrBusinessRlnInd	0	false
IRS990/FederalGrantAuditRequiredInd	0	false
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt	0	500
IRS990/FeesForServicesLegalGrp/TotalAmt	0	500
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt	0	35
IRS990/FeesForServicesOtherGrp/TotalAmt	0	35
IRS990/ForeignActivitiesInd	0	false
IRS990/ForeignFinancialAccountInd	0	false
IRS990/ForeignOfficeInd	0	false
IRS990/Form8282PropertyDisposedOfInd	0	false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	0	2.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	1	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	2	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	3	1.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	0	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	1	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	2	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	3	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	0	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	1	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	2	X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	0	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	1	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	2	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	3	0
IRS990/Form990PartVIISectionAGrp/PersonNm	0	RICHARD TRAFFORD-OWEN
IRS990/Form990PartVIISectionAGrp/PersonNm	1	ADAM D KAYE
IRS990/Form990PartVIISectionAGrp/PersonNm	2	DEBORAH J OWEN
IRS990/Form990PartVIISectionAGrp/PersonNm	3	KRISTIN BLAIR HULL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	0	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	1	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	2	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	3	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	0	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	1	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	2	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	3	0
IRS990/Form990PartVIISectionAGrp/TitleTxt	0	PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt	1	TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt	2	SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt	3	DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd	0	true
IRS990/FormationYr	0	2009
IRS990/FormerOfcrEmployeesListedInd	0	false
IRS990/FSAuditedInd	0	false
IRS990/FundraisingActivitiesInd	0	false
IRS990/GamingActivitiesInd	0	false
IRS990/GoverningBodyVotingMembersCnt	0	4
IRS990/GrantAmt	0	335000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt	0	335000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt	0	335000
IRS990/GrantsToIndividualsInd	0	false
IRS990/GrantsToOrganizationsInd	0	true
IRS990/GrantToRelatedPersonInd	0	false
IRS990/GrossReceiptsAmt	0	342554
IRS990/GroupReturnForAffiliatesInd	0	false
IRS990/IncludeFIN48FootnoteInd	0	false
IRS990/IndependentAuditFinclStmtInd	0	false
IRS990/IndependentVotingMemberCnt	0	4
IRS990/IndoorTanningServicesInd	0	false
IRS990/InfoInScheduleOPartIIIInd	0	X
IRS990/InfoInScheduleOPartVIInd	0	X
IRS990/InvestmentInJointVentureInd	0	false
IRS990/IRPDocumentCnt	0	0
IRS990/IRPDocumentW2GCnt	0	0
IRS990/LandBldgEquipAccumDeprecAmt	0	471973
IRS990/LandBldgEquipBasisNetGrp/BOYAmt	0	4416897
IRS990/LandBldgEquipBasisNetGrp/EOYAmt	0	4342993
IRS990/LandBldgEquipCostOrOtherBssAmt	0	4814966
IRS990/LegalDomicileStateCd	0	CA
IRS990/LoanOutstandingInd	0	false
IRS990/LobbyingActivitiesInd	0	false
IRS990/LocalChaptersInd	0	false
IRS990/MaterialDiversionOrMisuseInd	0	false
IRS990/MembersOrStockholdersInd	0	false
IRS990/MethodOfAccountingAccrualInd	0	X
IRS990/MinutesOfCommitteesInd	0	true
IRS990/MinutesOfGoverningBodyInd	0	true
IRS990/MissionDesc	0	THE MISSION AND PRIMARY PURPOSES OF THE CORPORATION ARE TO FACILITATE THE DEVELOPMENT OF CHARTER SCHOOLS; TO LEASE, OWN, MANAGE, AND MAINTAIN AN EDUCATIONAL INSTITUTION; TO PROVIDE CHARTER SCHOOL FACILITIES AND OPERATIONAL AND OTHER SUPPORT TO CHARTER SCHOOLS; TO ASSIST PHILANTHROPISTS AND FOUNDATIONS IN ACCELERATING THE GROWTH OF HIGH QUALITY CHARTER SCHOOLS; AND TO PROVIDE AND OTHERWISE OBTAIN OR ASSIST IN OBTAINING CHARTER SCHOOL FINANCING. ADDITIONALLY, THE CORPORATION MAY ENGAGE IN ANY ACTIVITIES THAT ARE REASONABLY RELATED TO OR IN FURTHERANCE OF ITS STATED CHARITABLE AND PUBLIC PURPOSES, OR IN ANY OTHER CHARITABLE ACTIVITIES.
IRS990/MoreThan5000KToIndividualsInd	0	false
IRS990/MoreThan5000KToOrgInd	0	false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt	0	2766827
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt	0	2569539
IRS990/NetAssetsOrFundBalancesBOYAmt	0	1950351
IRS990/NetAssetsOrFundBalancesEOYAmt	0	1882592
IRS990/NoListedPersonsCompensatedInd	0	X
IRS990/NondeductibleContributionsInd	0	false
IRS990/OfficerMailingAddressInd	0	false
IRS990/OperateHospitalInd	0	false
IRS990/Organization501c3Ind	0	X
IRS990/OrganizationFollowsSFAS117Ind	0	X
IRS990/OtherExpensesGrp/Desc	0	FILING FEE SEC. OF STATE
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	874
IRS990/OtherExpensesGrp/TotalAmt	0	874
IRS990/PartialLiquidationInd	0	false
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	false
IRS990/PoliticalCampaignActyInd	0	false
IRS990/PrincipalOfficerNm	0	RICHARD TRAFFORD-OWEN
IRS990/ProfessionalFundraisingInd	0	false
IRS990/ProgramServiceRevenueGrp/Desc	0	FACILITY RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	342304
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	342304
IRS990/ProhibitedTaxShelterTransInd	0	false
IRS990/PYExcessBenefitTransInd	0	false
IRS990/PYOtherExpensesAmt	0	74714
IRS990/PYOtherRevenueAmt	0	4200
IRS990/PYProgramServiceRevenueAmt	0	324000
IRS990/PYRevenuesLessExpensesAmt	0	253486
IRS990/PYTotalExpensesAmt	0	74714
IRS990/PYTotalRevenueAmt	0	328200
IRS990/QuidProQuoContributionsInd	0	false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	false
IRS990/ReconcilationRevenueExpnssAmt	0	-67759
IRS990/RegularMonitoringEnfrcInd	0	true
IRS990/RelatedEntityInd	0	true
IRS990/RelatedOrganizationCtrlEntInd	0	false
IRS990/ReportInvestmentsOtherSecInd	0	false
IRS990/ReportLandBuildingEquipmentInd	0	true
IRS990/ReportOtherAssetsInd	0	false
IRS990/ReportOtherLiabilitiesInd	0	false
IRS990/ReportProgramRelatedInvstInd	0	false
IRS990/RevenueAmt	0	342304
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd	0	true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd	0	false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd	0	false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd	0	true
IRS990ScheduleA/OtherSupportSumAmt	0	0
IRS990ScheduleA/SupportedOrganizationsCnt	0	1
IRS990ScheduleA/SupportedOrganizationsTotalCnt	0	1
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	0	913340838
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd	0	true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd	0	2
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt	0	0
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt	0	335000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt	0	NORTH OAKLAND COMMUNITY CHARTER SCHOOL
IRS990ScheduleA/SupportingOrganization509a3Ind	0	X
IRS990ScheduleA/SupportingOrgType1Ind	0	X
IRS990ScheduleA/SupportSumAmt	0	335000
IRS990/ScheduleBRequiredInd	0	false
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	2142993
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	471973
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	2614966
IRS990ScheduleD/LandGrp/BookValueAmt	0	2200000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt	0	2200000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	4342993
IRS990ScheduleI/GrantRecordsMaintainedInd	0	false
IRS990ScheduleI/RecipientTable/CashGrantAmt	0	335000
IRS990ScheduleI/RecipientTable/IRCSectionDesc	0	501C3
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt	0	NORTH OAKLAND COMMUNITY CHARTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt	0	SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN	0	943340838
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt	0	1000 42ND ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm	0	OAKLAND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd	0	CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd	0	94608
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc	0	CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt	0	MONITORED UNDER A MEMORANDUM OF UNDERSTANDING WITH NOCCS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc	0	SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd	0	false
IRS990/ScheduleORequiredInd	0	true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	THE MISSION AND PRIMARY PURPOSES OF THE CORPORATION ARE TO FACILITATE THE DEVELOPMENT OF CHARTER SCHOOLS; TO LEASE, OWN, MANAGE, AND MAINTAIN AN EDUCATIONAL INSTITUTION; TO PROVIDE CHARTER SCHOOL FACILITIES AND OPERATIONAL AND OTHER SUPPORT TO CHARTER SCHOOLS; TO ASSIST PHILANTHROPISTS AND FOUNDATIONS IN ACCELERATING THE GROWTH OF HIGH QUALITY CHARTER SCHOOLS; AND TO PROVIDE AND OTHERWISE OBTAIN OR ASSIST IN OBTAINING CHARTER SCHOOL FINANCING. ADDITIONALLY, THE CORPORATION MAY ENGAGE IN ANY ACTIVITIES THAT ARE REASONABLY RELATED TO OR IN FURTHERANCE OF ITS STATED CHARITABLE AND PUBLIC PURPOSES, OR IN ANY OTHER CHARITABLE ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	A COPY OF THE FORM 990 IS PRESENTED TO THE BOARD FOR COMMENTS AND/OR APPROVAL PRIOR TO FILING THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	COMPENSATION ARRANGEMENTS ARE APPROVED IN ADVANCE OF PAYING COMPENSATION. COMPENSATION DATE AND TERMS ARE DOCUMENTED IN WRITING. COMPARABLE COMPENSATION BY SIMILAR ORGANIZATIONS, CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS, OR ACTUAL WRITTEN OFFERS FROM SIMILARLY SITUATED ORGANIZATIONS ARE CONSIDERED WHEN DETERMINING COMPENSATION. THE ORGANIZATION DOES NOT CURRENTLY HAVE ANY COMPENSATION ARRANGEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	COMPENSATION ARRANGEMENTS ARE APPROVED IN ADVANCE OF PAYING COMPENSATION. COMPENSATION DATE AND TERMS ARE DOCUMENTED IN WRITING. COMPARABLE COMPENSATION BY SIMILAR ORGANIZATIONS, CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS, OR ACTUAL WRITTEN OFFERS FROM SIMILARLY SITUATED ORGANIZATIONS ARE CONSIDERED WHEN DETERMINING COMPENSATION. THE ORGANIZATION DOES NOT CURRENTLY HAVE ANY COMPENSATION ARRANGEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	DOCUMENTS ARE READILY AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	5	FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd	0	false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd	0	false
IRS990ScheduleR/AssetSaleToOtherOrgInd	0	false
IRS990ScheduleR/DivRelatedOrganizationInd	0	false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd	0	false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd	0	true
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt	0	NA
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt	0	1000 42ND STREET LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN	0	800496070
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt	0	4438112
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd	0	CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt	0	PROPERTY
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt	0	342304
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt	0	1000 42ND STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm	0	OAKLAND
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd	0	CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd	0	94608
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	0	false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt	0	NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	0	NORTH OAKLAND COMMUNITY CHARTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN	0	943340838
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt	0	501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd	0	CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt	0	CHARTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt	0	2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt	0	1000 42ND STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm	0	OAKLAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd	0	CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd	0	94608
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd	0	false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd	0	false
IRS990ScheduleR/PaidEmployeesSharingInd	0	false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd	0	false
IRS990ScheduleR/PerformOfServicesForOthOrgInd	0	false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd	0	false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd	0	false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd	0	false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd	0	true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd	0	false
IRS990ScheduleR/SharingOfFacilitiesInd	0	false
IRS990ScheduleR/TransferFromOtherOrgInd	0	false
IRS990ScheduleR/TransferToOtherOrgInd	0	false
IRS990/SchoolOperatingInd	0	false
IRS990/SignificantChangeInd	0	false
IRS990/SignificantNewProgramSrvcInd	0	false
IRS990/StatesWhereCopyOfReturnIsFldCd	0	CA
IRS990/SubjectToProxyTaxInd	0	false
IRS990/TaxablePartyNotificationInd	0	false
IRS990/TaxExemptBondsInd	0	false
IRS990/TempOrPermanentEndowmentsInd	0	false
IRS990/TerminateOperationsInd	0	false
IRS990/TotalAssetsBOYAmt	0	4717198
IRS990/TotalAssetsEOYAmt	0	4452151
IRS990/TotalAssetsGrp/BOYAmt	0	4717198
IRS990/TotalAssetsGrp/EOYAmt	0	4452151
IRS990/TotalCompGreaterThan150KInd	0	false
IRS990/TotalContributionsAmt	0	250
IRS990/TotalEmployeeCnt	0	0
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt	0	0
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt	0	0
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt	0	410313
IRS990/TotalFunctionalExpensesGrp/TotalAmt	0	410313
IRS990/TotalGrossUBIAmt	0	0
IRS990/TotalLiabilitiesBOYAmt	0	2766847
IRS990/TotalLiabilitiesEOYAmt	0	2569559
IRS990/TotalLiabilitiesGrp/BOYAmt	0	2766847
IRS990/TotalLiabilitiesGrp/EOYAmt	0	2569559
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt	0	1950351
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt	0	1882592
IRS990/TotalProgramServiceExpensesAmt	0	410313
IRS990/TotalProgramServiceRevenueAmt	0	342304
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	342304
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt	0	342554
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt	0	4717198
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt	0	4452151
IRS990/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990/TypeOfOrganizationCorpInd	0	X
IRS990/UnrelatedBusIncmOverLimitInd	0	false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt	0	1950351
IRS990/UnrestrictedNetAssetsGrp/EOYAmt	0	1882592
IRS990/UponRequestInd	0	X
IRS990/USAddress/AddressLine1Txt	0	1000 42 ST
IRS990/USAddress/CityNm	0	OAKLAND
IRS990/USAddress/StateAbbreviationCd	0	CA
IRS990/USAddress/ZIPCd	0	94608
IRS990/VotingMembersGoverningBodyCnt	0	4
IRS990/VotingMembersIndependentCnt	0	4
IRS990/WebsiteAddressTxt	0	N/A
IRS990/WhistleblowerPolicyInd	0	false
ReturnHeader/BuildTS	0	2017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	RICHARD TRAFFORD-OWEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	5106550540
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2017-02-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	PROGRESSIVE EQUITY CHARTER INC
ReturnHeader/Filer/BusinessNameControlTxt	0	PROG
ReturnHeader/Filer/EIN	0	800496070
ReturnHeader/Filer/PhoneNum	0	5106550540
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	1000 42ND STREET
ReturnHeader/Filer/USAddress/CityNm	0	OAKLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	CA
ReturnHeader/Filer/USAddress/ZIPCd	0	94608
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	952242818
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	VICENTI LLOYD & STUTZMAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	2210 E ROUTE 66 STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	GLENDORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	917404676
ReturnHeader/PreparerPersonGrp/PhoneNum	0	6268577300
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2017-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	WADE MCMULLEN CPA
ReturnHeader/ReturnTs	0	2017-05-15T16:01:18-07:00
ReturnHeader/ReturnTypeCd	0	990
ReturnHeader/TaxPeriodBeginDt	0	2015-07-01
ReturnHeader/TaxPeriodEndDt	0	2016-06-30
ReturnHeader/TaxYr	0	2015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $4,452,151
Liabilities: $2,569,559
Net assets: $1,882,592
Revenue: $342,554
Expenses: $410,313
Net income: -$67,759

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.	$4.05	$2.13	$1.92	$0.41	$0.24	$0.17
2023Summary only. Only limited summary data is available for this year.	$3.97	$2.24	$1.72	$0.38	$0.35	$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$4.01	$1.39	$2.62	$0.38	$0.24	$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$4.07	$1.58	$2.49	$0.38	$0.24	$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$4.13	$1.78	$2.35	$0.38	$0.23	$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$4.19	$1.98	$2.21	$0.38	$0.28	$0.10
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.	$4.29	$2.17	$2.11	$0.36	$0.25	$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$4.37	$2.37	$2.00	$0.35	$0.24	$0.11
2016Detailed filing. Detailed filing data is available for this year.	$4.45	$2.57	$1.88	$0.34	$0.41	$0.07
2015Detailed filing. Detailed filing data is available for this year.	$4.72	$2.77	$1.95	$0.33	$0.07	$0.25
2014Detailed filing. Detailed filing data is available for this year.	$4.66	$2.96	$1.70	$0.49	$0.22	$0.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$4.77	$3.35	$1.42		$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$4.83	$3.43	$1.41		$0.33
2011Summary only. Only limited summary data is available for this year.	$4.92	$3.65	$1.27	$0.35	$0.29	$0.06