Civic Intelligence

Pelotonu

990 • Fiscal year 2020 • EIN 46-0920019

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 23, 2021

500 E St Johns Ave No 1460Austin, TX 78752

(512) 553-2338

Siviq Scores

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

Liabilities / Assets

51st percentile

0.11x

Higher debt load relative to assets than 51% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

36th percentile

0.06x

Higher debt load relative to revenue than 36% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

77th percentile

24%

Higher net margin than 77% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

62nd percentile

$84,890

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

93rd percentile

109%

Faster asset growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

90th percentile

75%

Faster revenue growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,042,046

Up $543,062 (+109%) from 2019

Net Assets

Up

$931,886

Up $433,121 (+87%) from 2019

Liabilities

Up

$110,160

Up $109,941 (+50201%) from 2019

Revenue

Up

$1,787,386

Up $767,902 (+75%) from 2019

Expenses

Up

$1,354,265

Up $484,444 (+56%) from 2019

Net Income

Up

$433,121

Up $283,458 (+189%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $9,351Liabilities 2013: $51Net Assets 2013: $9,3002013Assets 2014: $47,058Liabilities 2014: $0Net Assets 2014: $47,0582014Assets 2015: $39,587Liabilities 2015: $216Net Assets 2015: $39,3712015Assets 2016: $131,640Liabilities 2016: $964Net Assets 2016: $130,6762016Assets 2017: $236,746Liabilities 2017: $1,394Net Assets 2017: $235,3522017Assets 2018: $349,102Liabilities 2018: $0Net Assets 2018: $349,1022018Assets 2019: $498,984Liabilities 2019: $219Net Assets 2019: $498,7652019Assets 2020: $1,042,046Liabilities 2020: $110,160Net Assets 2020: $931,8862020Assets 2021: $1,081,312Liabilities 2021: $0Net Assets 2021: $1,081,3122021Assets 2022: $1,195,218Liabilities 2022: $65Net Assets 2022: $1,195,1532022Assets 2023: $1,016,306Liabilities 2023: $3,762Net Assets 2023: $1,012,5442023Assets 2024: $1,113,641Liabilities 2024: $3,493Net Assets 2024: $1,110,1482024

Highlighted filing

2020

Assets$1,042,046
Liabilities$110,160
Net Assets$931,886

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $151,462Expenses 2013: $150,185Net Income 2013: $1,2772013Revenue 2014: $150,679Expenses 2014: $112,921Net Income 2014: $37,7582014Revenue 2015: $184,238Expenses 2015: $191,925Net Income 2015: -$7,6872015Revenue 2016: $361,232Expenses 2016: $269,460Net Income 2016: $91,7722016Revenue 2017: $514,086Expenses 2017: $409,410Net Income 2017: $104,6762017Revenue 2018: $667,711Expenses 2018: $553,961Net Income 2018: $113,7502018Revenue 2019: $1,019,484Expenses 2019: $869,821Net Income 2019: $149,6632019Revenue 2020: $1,787,386Expenses 2020: $1,354,265Net Income 2020: $433,1212020Revenue 2021: $1,789,533Expenses 2021: $1,640,107Net Income 2021: $149,4262021Revenue 2022: $2,036,358Expenses 2022: $1,922,517Net Income 2022: $113,8412022Revenue 2023: $1,764,976Expenses 2023: $1,947,585Net Income 2023: -$182,6092023Revenue 2024: $2,097,668Expenses 2024: $2,000,064Net Income 2024: $97,6042024

Highlighted filing

2020

Revenue$1,787,386
Expenses$1,354,265
Net Income$433,121
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 23, 2021
Return Version
2020v4.1
Gross Receipts
$1,787,386
Mission and Program Overview

Mission

PelotonU provides working students a pathway to earn their college degree by helping them select universities that match their goals and offering mentorship and support to ensure they earn their degree.

Helping working students earn a college degree, regardless of geography or economics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$337,577$970,485▲ $632,908
Cash and Non-Interest-Bearing Accounts$161,407$71,561▼ $89,846
Total Assets$498,984$1,042,046▲ $543,062
Liabilities
Unsecured Notes Loans Payable-$108,972-
Accounts Payable and Accrued Expenses$219$1,188▲ $969
Total Liabilities$219$110,160▲ $109,941
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$426,913$852,598▲ $425,685
Net Assets With Donor Restrictions$71,852$79,288▲ $7,436
Total Net Assets Fund Balance$498,765$931,886▲ $433,121
Total Liabilities and Net Assets / Fund Balance$498,984$1,042,046▲ $543,062
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah Saxton-frumpChief Operating OfficerFT$79,886$5,004$84,890
Hudson BairdExecutive DirectorFT$79,649$4,890$84,539

Board Members and Trustees

NameTitle
James BakerChair
Angela ShawDirector
Kelsey McqueenDirector
Mary Ellen PietruszynskiDirector
Rex GoreDirector
Robin BruceDirector
Sara HartleySecretary
Austin PrenticeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,519,551
Program Service Revenue
$267,760
Investment Income
$75
Other Revenue
$0
All Other Contributions
$1,500,122
Change in Net Assets
$433,121

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,787,386
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,787,386
Total Revenue per Form 990
$1,787,386
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$868,253
Other Expenses$438,613
Grants and Similar Amounts Paid$47,399
Total Fundraising Expense$45,344
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$603,330--$603,330
Current Officers, Directors, Trustees, and Key Employees$106,172$32,093$31,164$169,429
Payroll Taxes$57,530$2,396$2,076$62,002
All Other Expenses$24,935$18,807$10,750$54,492
Occupancy$43,214$4,061$1,354$48,629
Grants to Domestic Individuals$47,399--$47,399
Other Employee Benefits$33,492--$33,492
Other Expenses$30,000--$30,000
Fees for Services Accounting-$16,397-$16,397
Information Technology$8,945$2,783-$11,728
Insurance-$8,993-$8,993
Fees for Services Legal-$474-$474
Travel-$39-$39
Total Functional Expenses$1,222,878$86,043$45,344$1,354,265

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,354,265
Total Expenses per Audited Statements$1,354,265
Total Expenses per Form 990$1,354,265
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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, Part VI, Section B, Line 11B

The 990 is reviewed by staff and distributed to the board of directors prior to submission to the irs.

Form 990, Part VI, Section B, Line 12C

The board of directors reviews the conflict of interest policy annually and discloses any potential conflicts.

Form 990, Part VI, Section B, Line 15

The board of directors reviewed comparability data and approved staff compensation increases.

Form 990, Part VI, Section C, Line 19

All required documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Pelotonu Inc
EIN
46-0920019
Phone
5125532338
Address
500 E ST JOHNS AVE NO 1460, AUSTIN, TX 78752

Signing Officer

Name
William Hudson Baird
Title
Executive Director
Phone
5125532338
Signed
2021-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Hudson Baird
Formed
2012
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
18
Volunteers
0

Preparer

Firm
Avenson Hamann Cpas Llp
Address
1779 WELLS BRANCH PKWY 110B-292, AUSTIN, TX 78728
Preparer
Catherine Avenson
Phone
5126939131
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0197660
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0337577
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0970485
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt01049000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0468062
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0321995
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0323400
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0125201
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt02287658
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01519551
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0768598
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0478325
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0456262
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0338286
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03561022
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt075
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt043
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0118
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0267760
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0250843
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0189386
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt057824
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt022946
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0788759
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt043
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0118
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.47330
IRS990ScheduleA/PublicSupportPY509Pct00.42470
IRS990ScheduleA/PublicSupportTotal509Amt02058964
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt01049000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0468062
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0321995
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0325559
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0126201
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02290817
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt02159
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt01000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt03159
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01787311
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01019441
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0667711
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0514086
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0361232
IRS990ScheduleA/Total509Grp/TotalAmt04349781
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01787386
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01019484
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0667711
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0514086
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0361232
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04349899
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01354265
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01787386
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01354265
IRS990ScheduleD/TotalRevenuePerForm990Amt01787386
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01787386
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01354265
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt047399
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COLLEGE SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt030
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS ARE AWARDED TO STUDENTS ENROLLED IN COLLEGE THROUGH THE PELOTONU PROGRAM, SO CONTINUOUS COMMUNICATION WITH STUDENTS IS MAINTAINED. STUDENTS SIGN AN AGREEMENT CONFIRMING THEY WILL USE THE SCHOLARSHIPS FOR TUITION AND RELATED EDUCATIONAL COSTS. THE SCHOLARSHIP COMMITTEE REVIEWS STUDENTS' FINANCES TO ENSURE A FINANCIAL NEED FOR ASSISTANCE. PAYMENTS ARE DISTRIBUTED MONTHLY THROUGHOUT THE SEMESTER AS LONG AS PERFORMANCE EXPECTATIONS ARE MET.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt0EDUCATIONAL SCHOLARSHIP FOR QUALIFYING STUDENT
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt01320
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm0KELSEY MCQUEEN
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt0STUDENT REPRESENTATIVE BOARD MEMBER
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt0SCHOLARSHIP
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY STAFF AND DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY AND DISCLOSES ANY POTENTIAL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWED COMPARABILITY DATA AND APPROVED STAFF COMPENSATION INCREASES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL REQUIRED DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0498984
IRS990/TotalAssetsEOYAmt01042046
IRS990/TotalAssetsGrp/BOYAmt0498984
IRS990/TotalAssetsGrp/EOYAmt01042046
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01519551
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt045344
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt086043
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01222878
IRS990/TotalFunctionalExpensesGrp/TotalAmt01354265
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0219
IRS990/TotalLiabilitiesEOYAmt0110160
IRS990/TotalLiabilitiesGrp/BOYAmt0219
IRS990/TotalLiabilitiesGrp/EOYAmt0110160
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0498765
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0931886
IRS990/TotalOtherCompensationAmt09894
IRS990/TotalProgramServiceExpensesAmt01222878
IRS990/TotalProgramServiceRevenueAmt0267760

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