Civic Intelligence

Pinnacle Education Services Inc

990 • Fiscal year 2015 • EIN 26-3143155

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 10, 2016

2854 Hunter Mill RoadOakton, VA 22124

(703) 537-0355

Siviq Scores

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

Liabilities / Assets

59th percentile

0.18x

Higher debt load relative to assets than 59% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

80th percentile

0.67x

Higher debt load relative to revenue than 80% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

55th percentile

4.3%

Higher net margin than 55% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

45th percentile

$50,862

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

59th percentile

3.2%

Faster asset growth than 59% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

4th percentile

-57%

Faster revenue growth than 4% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$4,887,192

Up $152,934 (+3.2%) from 2014

Net Assets

Up

$4,027,908

Up $55,779 (+1.4%) from 2014

Liabilities

Up

$859,284

Up $97,155 (+13%) from 2014

Revenue

Down

$1,282,430

Down $1,678,414 (-57%) from 2014

Expenses

Down

$1,226,651

Down $55,468 (-4.3%) from 2014

Net Income

Down

$55,779

Down $1,622,946 (-97%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2012: $3,589,674Liabilities 2012: $3,271,698Net Assets 2012: $317,9762012Assets 2013: $4,690,300Liabilities 2013: $2,396,896Net Assets 2013: $2,293,4042013Assets 2014: $4,734,258Liabilities 2014: $762,129Net Assets 2014: $3,972,1292014Assets 2015: $4,887,192Liabilities 2015: $859,284Net Assets 2015: $4,027,9082015Assets 2019: $9,160,691Liabilities 2019: $5,154,565Net Assets 2019: $4,006,1262019Assets 2020: $10,123,298Liabilities 2020: $5,086,210Net Assets 2020: $5,037,0882020Assets 2021: $10,646,219Liabilities 2021: $5,382,767Net Assets 2021: $5,263,4522021Assets 2022: $11,577,001Liabilities 2022: $5,577,874Net Assets 2022: $5,999,1272022Assets 2023: $12,558,009Liabilities 2023: $5,934,751Net Assets 2023: $6,623,2582023Assets 2024: $11,643,874Liabilities 2024: $5,802,119Net Assets 2024: $5,841,7552024

Highlighted filing

2015

Assets$4,887,192
Liabilities$859,284
Net Assets$4,027,908

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2012: $6,4482012Revenue 2013: $2,813,690Expenses 2013: $838,262Net Income 2013: $1,975,4282013Revenue 2014: $2,960,844Expenses 2014: $1,282,119Net Income 2014: $1,678,7252014Revenue 2015: $1,282,430Expenses 2015: $1,226,651Net Income 2015: $55,7792015Revenue 2019: $2,206,588Expenses 2019: $2,200,288Net Income 2019: $6,3002019Revenue 2020: $3,080,579Expenses 2020: $2,438,459Net Income 2020: $642,1202020Revenue 2021: $2,987,011Expenses 2021: $2,182,438Net Income 2021: $804,5732021Revenue 2022: $4,097,666Expenses 2022: $3,184,029Net Income 2022: $913,6372022Revenue 2023: $4,483,279Expenses 2023: $4,136,072Net Income 2023: $347,2072023Revenue 2024: $4,528,163Expenses 2024: $4,372,434Net Income 2024: $155,7292024

Highlighted filing

2015

Revenue$1,282,430
Expenses$1,226,651
Net Income$55,779
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 10, 2016
Return Version
2015v2.1
Gross Receipts
$1,282,430
Mission and Program Overview

Mission

Pinnacle academy is a private school focused on math and science that immerses students into a multi-cultural learning environment that promotes critical thinking and problem solving and encourages students to apply this knowledge to real world situations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,225,955$4,332,105▲ $106,150
Rtn Earn Endowment Incm Other Fnds$3,972,129$4,027,908▲ $55,779
Accounts Receivable$468,303$465,087▼ $3,216
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,734,258$4,887,192▲ $152,934
Other Assets Total$40,000$90,000▲ $50,000
Liabilities
Deferred Revenue$683,571$646,521▼ $37,050
Other Liabilities$66,558$173,868▲ $107,310
Mortgage Notes Payable Secured by Investment Property-$24,545-
Accounts Payable and Accrued Expenses$12,000$14,350▲ $2,350
Total Liabilities$762,129$859,284▲ $97,155
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,972,129$4,027,908▲ $55,779
Total Liabilities and Net Assets / Fund Balance$4,734,258$4,887,192▲ $152,934

Asset Categories

AssetBook ValueDepreciationBasis
Land$3,519,460-$3,519,460
Other Land Buildings$745,383$11,906$757,289
Buildings$67,262$5,187$72,449
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mustafa AkpinarDirectorFT$50,862$50,862

Board Members and Trustees

NameTitle
Cengiz KilincPresident
Mumtaz HussainBoard Member
Ahmet CakmakSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$198,727
Program Service Revenue
$1,061,965
Investment Income
$0
Other Revenue
$21,738
All Other Contributions
$198,727
Change in Net Assets
$55,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$724,381
Other Expenses$502,270
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$524,643$147,976-$672,619
Occupancy$199,030$63,626-$262,656
Payroll Taxes$40,374$11,388-$51,762
All Other Expenses$25,657$3,502-$29,159
Office Expenses$23,354$5,507-$28,861
Advertising-$17,152-$17,152
Fees for Services Accounting-$15,338-$15,338
Fees for Services Legal-$12,465-$12,465
Depreciation Depletion$8,061$2,274-$10,335
Other Expenses$10,063--$10,063
Insurance$1,308$3,053-$4,361
Interest-$1,567-$1,567
Conferences and Meetings$1,480--$1,480
Travel$653--$653
Total Functional Expenses$942,803$283,848$0$1,226,651
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loans From Officers and Key Employe$153,000
Excess O/s Checks Over Bank Loans$20,868
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The board of directors reviews the form 990 prior to filing.

Form 990, Part VI, Section C, Line 19

Organization makes it documents available upon request.

Filing and Contact Details

Filer

Filer Name
Pinnacle Education Services Inc
EIN
26-3143155
Phone
7035370355
Address
2854 HUNTER MILL ROAD, OAKTON, VA 22124

Signing Officer

Name
Ahmet Cakmak
Title
Officer
Phone
7035370355
Signed
2016-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ahmet Cakmak
Formed
2008
Legal Domicile
Va
Voting Board Members
4
Independent Board Members
4
Employees
33
Volunteers
5

Preparer

Firm
Pbmares Llp
Address
725 JACKSON STREET SUITE 210, FREDERICKSBURG, VA 22401
Preparer
Mike Kennison
Phone
5403713566
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Management evaluated the association's tax positions and concluded that the association has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of current guidance. The association files income tax returns in the u.s. Federal jurisdiction. The associations's income tax returns for the years 2013, 2014 and 2015 remain subject to examination by the internal revenue service.

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

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IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION MAKES IT DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04734258
IRS990/TotalAssetsEOYAmt04887192
IRS990/TotalAssetsGrp/BOYAmt04734258
IRS990/TotalAssetsGrp/EOYAmt04887192
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0198727
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0283848
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0942803
IRS990/TotalFunctionalExpensesGrp/TotalAmt01226651
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0762129
IRS990/TotalLiabilitiesEOYAmt0859284
IRS990/TotalLiabilitiesGrp/BOYAmt0762129
IRS990/TotalLiabilitiesGrp/EOYAmt0859284
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03972129
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04027908
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0942803
IRS990/TotalProgramServiceRevenueAmt01061965
IRS990/TotalReportableCompFromOrgAmt050862
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01083703
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01282430
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04734258
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04887192
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0653
IRS990/TravelGrp/TotalAmt0653
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02854 HUNTER MILL ROAD
IRS990/USAddress/CityNm0OAKTON
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd022124
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.PINNACLEACADEMY.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0AHMET CAKMAK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum07035370355
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PINNACLE EDUCATION SERVICES INC
ReturnHeader/Filer/BusinessNameControlTxt0PINN
ReturnHeader/Filer/EIN0263143155
ReturnHeader/Filer/PhoneNum07035370355
ReturnHeader/Filer/USAddress/AddressLine1Txt02854 HUNTER MILL ROAD
ReturnHeader/Filer/USAddress/CityNm0OAKTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd022124
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0540737372
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PBMARES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0725 JACKSON STREET SUITE 210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FREDERICKSBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd022401
ReturnHeader/PreparerPersonGrp/PhoneNum05403713566
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MIKE KENNISON
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-11-14T12:56:31-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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