Civic Intelligence

Pinnacle Education Services Inc

990 • Fiscal year 2020 • EIN 26-3143155

Jan 01, 2020 to Dec 31, 2020 • Filed on May 11, 2021

14120 Newbrook DrChantilly, VA 20151

(703) 537-0355

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.50x

Higher debt load relative to assets than 72% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

1.65x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

77th percentile

21%

Higher net margin than 77% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

16th percentile

$57,974

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

60th percentile

11%

Faster asset growth than 60% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

86th percentile

40%

Faster revenue growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$10,123,298

Up $962,607 (+11%) from 2019

Net Assets

Up

$5,037,088

Up $1,030,962 (+26%) from 2019

Liabilities

Down

$5,086,210

Down $68,355 (-1.3%) from 2019

Revenue

Up

$3,080,579

Up $873,991 (+40%) from 2019

Expenses

Up

$2,438,459

Up $238,171 (+11%) from 2019

Net Income

Up

$642,120

Up $635,820 (+10092%) from 2019

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

2020

Assets$10,123,298
Liabilities$5,086,210
Net Assets$5,037,088

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

2020

Revenue$3,080,579
Expenses$2,438,459
Net Income$642,120
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 11, 2021
Return Version
2020v4.1
Gross Receipts
$3,080,579
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.

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 situtations

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$8,313,471-
Rtn Earn Endowment Incm Other Fnds-$5,037,088-
Accounts Receivable-$1,628,839-
Cash and Non-Interest-Bearing Accounts-$49,240-
Total Assets$0$10,123,298▲ $10,123,298
Other Assets Total-$131,748-
Liabilities
Mortgage Notes Payable Secured by Investment Property-$4,929,251-
Other Liabilities-$150,281-
Accounts Payable and Accrued Expenses-$6,678-
Total Liabilities$0$5,086,210▲ $5,086,210
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$5,037,088▲ $5,037,088
Total Liabilities and Net Assets / Fund Balance$0$10,123,298▲ $10,123,298

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,882,404$128,946$5,011,350
Leasehold Improvements$1,649,833-$1,649,833
Equipment$545,051$1,750$546,801
Other Land Buildings$53,034-$53,034
Land$1,183,149--
Other Assets Org$13,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lyndsey EksiliPrincipalFT$57,974$57,974

Highest Paid Contractors

ContractorServicesLocationCompensation
IfgConstruction1311 MAYFLOWER DR, Mclean, VA 22101$110,000
Revenue and Support

Revenue Composition

Contributions and Grants
$760,820
Program Service Revenue
$1,599,503
Investment Income
$0
Other Revenue
$720,256
All Other Contributions
$760,003
Change in Net Assets
$642,120
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,279,894
Other Expenses$1,158,565
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$951,490$0$0$951,490
All Other Expenses$673,349$22,762$0$696,111
Payroll Taxes$291,935$0$0$291,935
Interest$155,234$38,809$0$194,043
Depreciation Depletion$103,035$27,211$0$130,246
Insurance$114,529$0$0$114,529
Other Employee Benefits$36,469$0$0$36,469
Office Expenses$14,181$0$0$14,181
Fees for Services Legal$2,337$584$0$2,921
Advertising$2,856$0$0$2,856
Fees for Services Other$1,305$0$0$1,305
Travel$1,257$0$0$1,257
Fees for Services Accounting$1,116$0$0$1,116
Total Functional Expenses$2,349,093$89,366$0$2,438,459
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
Sba Eidl$149,900
Deferred Expenses$381
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Pinnacle Education Services Inc
EIN
26-3143155
Phone
7035370355
Address
14120 NEWBROOK DR, CHANTILLY, VA 20151

Signing Officer

Name
Lyndsey Eksili
Title
Principal
Phone
7035370355
Signed
2021-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lyndsey Eksili
Formed
2008
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
3
Employees
42
Volunteers
10

Preparer

Firm
TAC Tax Accounting Consulting
Address
14345 Little Rocky Mountain Ct, Centreville, VA 20120
Preparer
Mustafa Sevgin
Phone
5713587628
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Board of Directors rewiews the form 990 prior to filing

Pt VI, Line 19

Organization makes its documents available upon request

Pt VI, Line 12C

Organization regularly monitors and enforce compliance with the policy

Form 990, Part IX, Line 24E

Equipment leases 39996. 39996. 0. 0.

Form 990, Part IX, Line 24E

Bank fees and charges 15954. 15954. 0. 0.

Form 990, Part IX, Line 24E

Real estate taxes 19161. 15329. 3832. 0.

Form 990, Part IX, Line 24E

Vehicle taxes 949. 949. 0. 0.

Form 990, Part IX, Line 24E

Taxes & licenses 26452. 21170. 5282. 0.

Form 990, Part IX, Line 24E

Utilities 68240. 54592. 13648. 0.

Form 990, Part IX, Line 24E

Repairs & maintenance 1918. 1918. 0. 0.

Form 990, Part IX, Line 24E

Apartment rent 106846. 106846. 0. 0.

Form 990, Part IX, Line 24E

Operations expenses 16792. 16792. 0. 0.

Form 990, Part IX, Line 24E

Nova tuition 74426. 74426. 0. 0.

Form 990, Part IX, Line 24E

Bad debt 233910. 233910. 0. 0.

Form 990, Part IX, Line 24E

Other expenses 43571. 43571. 0. 0.

Form 990, Part IX, Line 24E

Instructional expenses 37626. 37626. 0. 0.

Form 990, Part IX, Line 24E

Payroll processing fee 7970. 7970. 0. 0.

Form 990, Part IX, Line 24E

Quickbooks payment fees 2300. 2300. 0. 0.

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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board of Directors rewiews the form 990 prior to filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization makes its documents available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Organization regularly monitors and enforce compliance with the policy
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EQUIPMENT LEASES 39996. 39996. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BANK FEES AND CHARGES 15954. 15954. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REAL ESTATE TAXES 19161. 15329. 3832. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6VEHICLE TAXES 949. 949. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TAXES & LICENSES 26452. 21170. 5282. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8UTILITIES 68240. 54592. 13648. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9REPAIRS & MAINTENANCE 1918. 1918. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10APARTMENT RENT 106846. 106846. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11OPERATIONS EXPENSES 16792. 16792. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12NOVA TUITION 74426. 74426. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13BAD DEBT 233910. 233910. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14OTHER EXPENSES 43571. 43571. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15INSTRUCTIONAL EXPENSES 37626. 37626. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16PAYROLL PROCESSING FEE 7970. 7970. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17QUICKBOOKS PAYMENT FEES 2300. 2300. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt010123298
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02349093
IRS990/TotalFunctionalExpensesGrp/TotalAmt02438459
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt05086210
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt05086210
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05037088
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt02349093
IRS990/TotalProgramServiceRevenueAmt01599503
IRS990/TotalReportableCompFromOrgAmt057974
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02319759
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03080579
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010123298
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt01257
IRS990/TravelGrp/TotalAmt01257
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt014120 NEWBROOK DR STE 101
IRS990/USAddress/CityNm0CHANTILLY
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd020151
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0https://www.pinnacleacademyedu.com/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LYNDSEY EKSILI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL
ReturnHeader/BusinessOfficerGrp/PhoneNum07035370355
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PINNACLE EDUCATION SERVICES INC
ReturnHeader/Filer/BusinessNameControlTxt0PINN
ReturnHeader/Filer/EIN0263143155
ReturnHeader/Filer/PhoneNum07035370355
ReturnHeader/Filer/USAddress/AddressLine1Txt014120 NEWBROOK DR
ReturnHeader/Filer/USAddress/CityNm0CHANTILLY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd020151
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TAC Tax Accounting Consulting
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt014345 Little Rocky Mountain Ct
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Centreville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020120

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