Civic Intelligence

Pelotonia

EIN 82-4997087 • 501(c)3 • Columbus, OH

Profile

At pelotonia we're driven by our mission: to engage, inspire, and challenge a community committed to change the world by accelerating innovative cancer research.

2281 Kenny Rd 450Columbus, OH 43210

www.pelotonia.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

39th percentile

0.12x

Higher debt load relative to assets than 39% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

22nd percentile

0.09x

Higher debt load relative to revenue than 22% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

75th percentile

20%

Higher net margin than 75% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

19th percentile

-3.0%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

33%

Faster revenue growth than 82% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$32,483,185

Down $1,017,771 (-3.0%) from 2023

Liabilities

Down

$4,039,140

Down $9,344,690 (-70%) from 2023

Net Assets

Up

$28,444,045

Up $8,326,919 (+41%) from 2023

Revenue

Up

$46,104,184

Up $11,421,667 (+33%) from 2023

Expenses

Up

$36,965,541

Up $3,203,797 (+9.5%) from 2023

Net Income

Up

$9,138,643

Up $8,217,870 (+892%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2020: $25,381,696Liabilities 2020: $13,049,563Net Assets 2020: $12,332,1332020Assets 2021: $27,807,886Liabilities 2021: $1,887,537Net Assets 2021: $25,920,3492021Assets 2022: $21,447,585Liabilities 2022: $2,390,334Net Assets 2022: $19,057,2512022Assets 2023: $33,500,956Liabilities 2023: $13,383,830Net Assets 2023: $20,117,1262023Assets 2024: $32,483,185Liabilities 2024: $4,039,140Net Assets 2024: $28,444,0452024

Highlighted filing

2024

Assets$32,483,185
Liabilities$4,039,140
Net Assets$28,444,045

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MRevenue 2020: $14,563,498Expenses 2020: $18,591,882Net Income 2020: -$4,028,3842020Revenue 2021: $34,892,875Expenses 2021: $24,462,506Net Income 2021: $10,430,3692021Revenue 2022: $24,079,692Expenses 2022: $30,776,493Net Income 2022: -$6,696,8012022Revenue 2023: $34,682,517Expenses 2023: $33,761,744Net Income 2023: $920,7732023Revenue 2024: $46,104,184Expenses 2024: $36,965,541Net Income 2024: $9,138,6432024

Highlighted filing

2024

Revenue$46,104,184
Expenses$36,965,541
Net Income$9,138,643

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$48,667,534
Mission and Program Overview

Mission

At pelotonia we're driven by our mission: to engage, inspire, and challenge a community committed to change the world by accelerating innovative cancer research.

Pelotonia exists to engage, inspire, and challenge a community committed to change the world by accelerating innovative cancer research. Since its founding in 2008, pelotonia has raised over $315 million which has been invested in high-impact cancer research including prevention, diagnostics, and treatment, as well as the launch of the pelotonia institute for immuno-oncology. As a centerpiece of its year-round fundraising efforts, pelotonia hosts a three-day experience that includes a weekend of cycling, entertainment, and volunteerism. Thanks to its generous funding partners, pelotonia is able to direct 100 percent of every community-raised dollar to cancer research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$8,464,719$18,822,638▲ $10,357,919
Cash and Non-Interest-Bearing Accounts$22,357,065$9,073,767▼ $13,283,298
Investments Program Related$1,426,681$1,549,867▲ $123,186
Land, Buildings, and Equipment, Net$285,219$1,175,137▲ $889,918
Intangible Assets$912,853--
Inventories for Sale or Use$35,690$99,387▲ $63,697
Investments in Publicly Traded Securities$2,679$8,575▲ $5,896
Accounts Receivable$2,693$6,315▲ $3,622
Total Assets$33,500,956$32,483,185▼ $1,017,771
Other Assets Total$13,357$1,747,499▲ $1,734,142
Liabilities
Other Liabilities$37,436$1,943,289▲ $1,905,853
Grants Payable$12,166,190$1,256,626▼ $10,909,564
Deferred Revenue$771,875$592,710▼ $179,165
Accounts Payable and Accrued Expenses$408,329$246,515▼ $161,814
Total Liabilities$13,383,830$4,039,140▼ $9,344,690
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,407,943$21,973,682▲ $12,565,739
Net Assets Without Donor Restrictions$10,709,183$6,470,363▼ $4,238,820
Total Net Assets Fund Balance$20,117,126$28,444,045▲ $8,326,919
Total Liabilities and Net Assets / Fund Balance$33,500,956$32,483,185▼ $1,017,771

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$850,999$3,285,134$4,136,133
Leasehold Improvements$324,138$534,783$858,921
Other Assets Org$1,747,499--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph ApgarPresident and CEOFT$396,154$117,743$513,897
Doug UlmanVice ChairFT$277,500$113,970$391,470
Nicholas DenbyChief Financial OfficerFT$238,587$85,470$324,057
Eric OlsavskyVP of Community Engagement and PartnershipsFT$238,885$35,563$274,448
Eric OlsavskyVP of Community Engagement and Partn-$198,365$76,083$274,448
Lauren GrahamDirector of Event OperationsFT$124,029$32,922$156,951
Katie WilsonDirector of Marketing and CommunicationsFT$150,520-$150,520
Katie WilsonDirector of Marketing and Communicat-$125,000$25,520$150,520
Carolyn AppelhansDirector of Community Engagement-$117,020$14,193$131,213

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Avi Foodsystems INCCatering2590 ELM ROAD NW, Warren, OH 44483$625,963
Fort Ventures LLCCreative Design464 W BROAD STREET, Columbus, OH 43215$297,930
Lasting Impressions Event RentalEvent Production5080 SINCLAIR ROAD, Columbus, OH 43229$270,824
Rightpoint Consulting LLCSoftware Development29 N UPPER WACKER DRIVE 4TH FLOOR, Chicago, IL 60606$252,233
Cadence Event Management LLCEvent ProductionPO BOX 736370, Dallas, TX 75373$251,598
Revenue and Support

Revenue Composition

Contributions and Grants
$46,500,752
Program Service Revenue
$0
Investment Income
$1,027,630
Other Revenue
$-1,424,198
All Other Contributions
$19,625,657
Change in Net Assets
$9,138,643

Audited Revenue Reconciliation

Revenue per Audited Statements
$46,104,184
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,489,087
Total Revenue per Audited Statements
$48,593,271
Total Revenue per Form 990
$46,104,184
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$30,712,417
Other Expenses$3,251,372
Salaries, Compensation, and Employee Benefits$3,001,752
Total Fundraising Expense$1,115,334
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$30,712,417--$30,712,417
Current Officers, Directors, Trustees, and Key Employees$793,425$542,020$318,947$1,654,392
Other Salaries and Wages$489,267$334,238$196,680$1,020,185
Depreciation Depletion-$653,456-$653,456
Advertising$212,451$145,134$292,245$649,830
Fees for Services Other$226,398$229,668$91,010$547,076
Information Technology$155,374$106,142$62,459$323,975
Payroll Taxes$73,001$49,870$29,345$152,216
Occupancy$72,415$49,469$29,110$150,994
Other Employee Benefits$68,386$46,717$27,491$142,594
Travel$50,686$34,626$20,375$105,687
Fees for Services Accounting$31,693$32,150$12,740$76,583
Office Expenses-$67,762-$67,762
Pension Plan Contributions$15,522$10,603$6,240$32,365
Fees for Services Legal$8,170$8,287$3,284$19,741
Other Expenses$53,898$15,771$21,667$15,771
Total Functional Expenses$32,972,409$2,877,798$1,115,334$36,965,541

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$39,454,628
Expenses per Audited Statements$36,965,541
Total Expenses per Form 990$36,965,541
Expenses Not Reported on Form 990$2,489,087
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Ohio State University James Cancer Hospital and Solove Research InstituColumbus, OH501(c)(3)Cancer Research$25,217,200
American Association for Cancer ResearchPhiladelphia, PA-Cancer Research$2,404,530
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,459,842
Fundraising Gross Income$911,369
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Ride$27,786,464$911,369$2,459,842$-1,548,473
Total Events$27,786,464$911,369$2,459,842$-1,548,473
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability-net Current Portion$1,815,099
Operating Lease Liability$128,190
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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 A, Line 1A

The ohio state university may appoint three directors and a quorum shall require at least two of the three university directors. A majority of the university directors may veto any of the following actions provided that any such veto must occur at the time the pelotonia board votes to take the action: 1. Any amendment of the corporation's articles of incorporation or code of regulations; 2. Any licensing of the corporation's ip, provided that the corporation's board, including a majority of the university directors, may delegate contract signature authority to one or more of the corporation's officers, which may include the licensing of the corporation's ip if such licensing is in accordance with board-approved brand and other guidelines and quality control processes; 3. Determination of the annual allocation of the corporation's funds among: (i) research or other activities at the university; (ii) research or other activities conducted at institutions or organizations other than the university; and (iii) corporation operating expenses; consistent with decisions previously approved pursuant to section 2.a.v.1-8; 4. Dissolution or liquidation of the corporation and any distribution of assets related thereto; 5. Merger, consolidation, or other form of business combination or reorganization of the corporation; 6. Sale, lease, mortgage or other disposition of (i) a material amount of the assets or business of the corporation or its subsidiary, or (ii) the corporation's or its subsidiary's share, membership or control interests of another entity; 7. The corporation becoming a material investor, partner, member, associate, or participant in any other enterprise or venture, whether for-profit or nonprofit; and 8. Formation of a subsidiary of the corporation.

Form 990, Part VI, Section B, Line 11B

Pelotonia staff are responsible for compiling and preparing the financial statements that are then audited by an outside firm. Upon completion of the audit, an outside tax firm is engaged to prepare the annual form 990 return. Before filing, the return is reviewed by the pelotonia cfo and then provided to the pelotonia board for review and comment.

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

Annually, board members are required to disclose any interests that could give rise to conflicts.

Form 990, Part VI, Section B, Line 15

The compensation of the ceo and president is reviewed and approved by the compensation committee of the board. The compensation of officers and key employees is reviewed and approved by the president and ceo. Additionally, the total organizational compensation is reviewed and approved anually by the board.

Form 990, Part VI, Section C, Line 19

The organization's form 990 and all governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Pelotonia
EIN
82-4997087
Phone
6142216100
Address
2281 KENNY RD 450, COLUMBUS, OH 43210

Signing Officer

Name
Joe Apgar
Title
President
Phone
6142216100
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Apgar
Formed
2008
Legal Domicile
Oh
Voting Board Members
12
Independent Board Members
11
Employees
34
Volunteers
3,250

Preparer

Firm
Gbq Partners LLC
Address
230 WEST STREET SUITE 700, COLUMBUS, OH 43215
Preparer
Kathleen M Moseley
Phone
6142211120
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed.

Financial Statement Notes

PART X, LINE 2:

The organization performs an annual assessment for any uncertainty in income tax positions which includes an analysis of whether there are any tax positions the organization takes with regard to unrelated business income, related deductions applied or other activities that may jeopardize its tax status and thus would meet the definition of an uncertain tax position. No tax liability accrual was recorded relating to material uncertain positions taken as management believes there are none.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special events expenses 2,459,842.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special events expenses 2,459,842.

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IRS990/ActivityOrMissionDesc0PELOTONIA EXISTS TO ENGAGE, INSPIRE, AND CHALLENGE A COMMUNITY COMMITTED TO CHANGE THE WORLD BY ACCELERATING INNOVATIVE CANCER RESEARCH. SINCE ITS FOUNDING IN 2008, PELOTONIA HAS RAISED OVER $315 MILLION WHICH HAS BEEN INVESTED IN HIGH-IMPACT CANCER RESEARCH INCLUDING PREVENTION, DIAGNOSTICS, AND TREATMENT, AS WELL AS THE LAUNCH OF THE PELOTONIA INSTITUTE FOR IMMUNO-ONCOLOGY. AS A CENTERPIECE OF ITS YEAR-ROUND FUNDRAISING EFFORTS, PELOTONIA HOSTS A THREE-DAY EXPERIENCE THAT INCLUDES A WEEKEND OF CYCLING, ENTERTAINMENT, AND VOLUNTEERISM. THANKS TO ITS GENEROUS FUNDING PARTNERS, PELOTONIA IS ABLE TO DIRECT 100 PERCENT OF EVERY COMMUNITY-RAISED DOLLAR TO CANCER RESEARCH.
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IRS990/Desc0PELOTONIA SUPPORTS HIGH-RISK, HIGH-REWARD CANCER RESEARCH INITIATIVES AT THE OHIO STATE UNIVERSITY COMPREHENSIVE CANCER CENTER ARTHUR G. JAMES CANCER HOSPITAL AND SOLOVE RESEARCH INSTITUTE. THE FUNDS RAISED SUPPORT PROJECTS THAT ADDRESS MANY AREAS OF CANCER RESEARCH, INCLUDING PREVENTION, DIAGNOSIS, TREATMENT, PSYCHOSOCIAL ISSUES, ACCELERATED DRUG DEVELOPMENT, AND LARGE INITIATIVES THAT HELP CHANGE THE LANDSCAPE OF CANCER CARE AND OFFER HELP AND HOPE TO PATIENTS AND FAMILIES FROM AROUND THE WORLD. PELOTONIA FUNDS ARE NOT RESTRICTED TO SPECIFIC CANCER TYPES, ALLOWING US TO INVEST IN INNOVATION ACROSS ALL CANCERS, FUNDING THE HIGHEST PRIORITY AND QUALITY RESEARCH ANNUALLY. SEE SCHEDULE O.IN FY 2023, PELOTONIA AWARDED FELLOWSHIP PROGRAM AWARDS TO EMPOWER YOUNG INNOVATORS ACROSS ACADEMIC FIELDS AND DISCIPLINES TO PURSUE A CAREER IN CANCER RESEARCH; IDEA GRANTS TO ENABLE SCIENTISTS TO PURSUE NEW APPROACHES TO CANCER RESEARCH; AND STATEWIDE INITIATIVE GRANTS FOCUSED ON ASSESSING SURVIVAL AND QUALITY OF LIFE FOR ADVANCED STAGE LUNG CANCER, SMOKING CESSATION, AND REDUCING THE HIGH BREAST CANCER MORTALITY AMONG AFRICAN AMERICAN WOMEN IN OHIO. PELOTONIA CONTINUED ONGOING PROGRAMMATIC INVESTMENTS IN THE PELOTONIA INSTITUTE FOR IMMUNO-ONCOLOGY (PIIO); A COMPREHENSIVE BENCH-TO-BEDSIDE RESEARCH INITIATIVE FOCUSED ON HARNESSING THE IMMUNE SYSTEM TO FIGHT CANCER; RECRUITMENT AND RETENTION OF TOP CANCER SCIENTISTS; SOPHISTICATED EQUIPMENT REQUIRED FOR CUTTING-EDGE CANCER DISCOVERIES; STRATEGIC RESEARCH INVESTMENTS IN THE DRUG DEVELOPMENT INSTITUTE; DIGITAL PATHOLOGY; AND TOTAL CANCER CARE PROTOCOL PROGRAMS AT THE OSUCCC - JAMES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF MARKETING AND COMMUNICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP OF COMMUNITY ENGAGEMENT AND PARTNERSHIPS
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF EVENT OPERATIONS
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IRS990/ProgSrvcAccomActy2Grp/Desc0IN 2022, PELOTONIA, IN COLLABORATION WITH VICTORIA'S SECRET AND THE AMERICAN ASSOCIATION OF CANCER RESEARCH, ESTABLISHED "THE VICTORIA'S SECRET GLOBAL FUND FOR WOMEN'S CANCERS," TO SUPPORT RESEARCH AIMED AT PREVENTING, DETECTING, TREATING AND SUPPORTING THE SURVIVORSHIP OF WOMEN WITH CANCER AND INVESTING IN THE NEXT GENERATION OF WOMEN SCIENTISTS WHO REPRESENT THE DIVERSE POPULATION THEY SERVE.
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