Civic Intelligence

Peak Education

990 • Fiscal year 2017 • EIN 84-1467174

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

205 E Cheyenne Mountain BlvdColorado Springs, CO 80906

(719) 389-1249

Siviq Scores

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

Liabilities / Assets

80th percentile

0.14x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

76th percentile

0.04x

Higher debt load relative to revenue than 76% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

21st percentile

-12%

Higher net margin than 21% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

98th percentile

$103,754

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 44.5% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

16th percentile

-28%

Faster asset growth than 16% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

81st percentile

37%

Faster revenue growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$74,456

Down $29,412 (-28%) from 2016

Net Assets

Down

$64,065

Down $27,752 (-30%) from 2016

Liabilities

Down

$10,391

Down $1,660 (-14%) from 2016

Revenue

Up

$233,177

Up $62,968 (+37%) from 2016

Expenses

Down

$262,187

Down $16,314 (-5.9%) from 2016

Net Income

Up

-$29,010

Up $79,282 (+73%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $593,914Liabilities 2010: $8,148Net Assets 2010: $585,7662010Assets 2011: $846,822Liabilities 2011: $13,284Net Assets 2011: $833,5382011Assets 2012: $972,643Liabilities 2012: $17,791Net Assets 2012: $954,8522012Assets 2013: $961,742Liabilities 2013: $22,664Net Assets 2013: $939,0782013Assets 2014: $207,536Liabilities 2014: $46,518Net Assets 2014: $161,0182014Assets 2015: $230,769Liabilities 2015: $28,804Net Assets 2015: $201,9652015Assets 2016: $103,868Liabilities 2016: $12,051Net Assets 2016: $91,8172016Assets 2017: $74,456Liabilities 2017: $10,391Net Assets 2017: $64,0652017Assets 2018: $22,627Liabilities 2018: $9,586Net Assets 2018: $13,0412018Assets 2019: $152,123Liabilities 2019: $11,166Net Assets 2019: $140,9572019Assets 2020: $387,537Liabilities 2020: $56,108Net Assets 2020: $331,4292020Assets 2021: $377,093Liabilities 2021: $22,557Net Assets 2021: $354,5362021Assets 2022: $167,739Liabilities 2022: $22,696Net Assets 2022: $145,0432022Assets 2023: $279,812Liabilities 2023: $244,951Net Assets 2023: $34,8612023Assets 2024: $614,915Liabilities 2024: $253,779Net Assets 2024: $361,1362024

Highlighted filing

2017

Assets$74,456
Liabilities$10,391
Net Assets$64,065

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $253,6372010Expenses 2011: $234,3392011Expenses 2012: $293,9292012Revenue 2013: $55,028Expenses 2013: $131,606Net Income 2013: -$76,5782013Revenue 2014: $140,384Expenses 2014: $322,091Net Income 2014: -$181,7072014Revenue 2015: $608,572Expenses 2015: $567,911Net Income 2015: $40,6612015Revenue 2016: $170,209Expenses 2016: $278,501Net Income 2016: -$108,2922016Revenue 2017: $233,177Expenses 2017: $262,187Net Income 2017: -$29,0102017Revenue 2018: $211,753Expenses 2018: $261,463Net Income 2018: -$49,7102018Revenue 2019: $407,240Expenses 2019: $277,823Net Income 2019: $129,4172019Revenue 2020: $647,058Expenses 2020: $456,586Net Income 2020: $190,4722020Revenue 2021: $626,623Expenses 2021: $603,516Net Income 2021: $23,1072021Revenue 2022: $532,212Expenses 2022: $739,502Net Income 2022: -$207,2902022Revenue 2023: $864,392Expenses 2023: $973,819Net Income 2023: -$109,4272023Revenue 2024: $1,566,957Expenses 2024: $1,237,340Net Income 2024: $329,6172024

Highlighted filing

2017

Revenue$233,177
Expenses$262,187
Net Income-$29,010
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$233,177
Mission and Program Overview

Mission

The purpose of peak education is to give students from low income families the support and experiences needed to overcome the barriers of poverty and enable them to graduate from high school and pursue post-secondary education. Students are recommended by teachers and counselors as sixth graders and continue in the program through college.

Helping promising students from low income families become successful in school and life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$54,360--
Cash and Non-Interest-Bearing Accounts$29,500$42,183▲ $12,683
Pledges and Grants Receivable$17,579$30,445▲ $12,866
Prepaid Expenses and Deferred Charges$1,501$1,828▲ $327
Land, Buildings, and Equipment, Net$928$0▼ $928
Total Assets$103,868$74,456▼ $29,412
Liabilities
Accounts Payable and Accrued Expenses$8,551$10,391▲ $1,840
Deferred Revenue$3,500--
Total Liabilities$12,051$10,391▼ $1,660
Net Assets / Fund Balance
Unrestricted Net Assets$81,817$43,065▼ $38,752
Temporarily Rstr Net Assets$10,000$21,000▲ $11,000
Total Net Assets Fund Balance$91,817$64,065▼ $27,752
Total Liabilities and Net Assets / Fund Balance$103,868$74,456▼ $29,412

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$4,903$4,903
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jon StepletonCEOFT$97,650$6,104$103,754

Board Members and Trustees

NameTitle
Rick PricePresident
Wes GeorgesVice-president and Secretary
Cassie GannettDirector
Dalton ConnerDirector
Mary Lou MurphyDirector
Susan Loo PatteeDirector
Greg KeirnsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$232,880
Program Service Revenue
$0
Investment Income
$297
Other Revenue
$0
All Other Contributions
$184,380
Change in Net Assets
$-29,010
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$197,192
Other Expenses$38,620
Grants and Similar Amounts Paid$26,375
Total Fundraising Expense$24,506
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$89,544$7,691$6,518$103,753
Other Salaries and Wages$58,984$4,292$4,387$67,663
Grants to Domestic Individuals$26,375--$26,375
Other Employee Benefits$10,013$3,392$424$13,829
Payroll Taxes$10,078$748$1,121$11,947
Fees for Services Accounting$198$9,305$297$9,800
Occupancy$2,800$350$350$3,500
Information Technology$2,116$775-$2,891
Insurance$2,485--$2,485
All Other Expenses$1,018$569$69$1,656
Other Expenses$1,388-$1,926$1,388
Office Expenses$175$1,186-$1,361
Depreciation Depletion-$927-$927
Fees for Service Investment Mgmnt Fees-$233-$233
Total Functional Expenses$208,213$29,468$24,506$262,187
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
Backup withholding compliance
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, Part VI, Section B, Line 11B

A completed copy of the form 990 is presented to the entire board for review prior to filing.

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

The board members are asked to sign a conflict of interest policy statement on an annual basis.

Form 990, Part VI, Section B, Line 15

The board formally discusses officer compensation and uses a non-profit salary guide in determining salary level.

Form 990, Part VI, Section C, Line 19

All documents required to be available for public disclosure are available upon request.

Filing and Contact Details

Filer

Filer Name
Peak Education
EIN
84-1467174
Phone
7193891249
Address
205 E CHEYENNE MOUNTAIN BLVD, COLORADO SPRINGS, CO 80906

Signing Officer

Name
Jon Stepleton
Title
CEO
Phone
7193891249
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jon Stepleton
Formed
1998
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
0

Preparer

Firm
Osborne Parsons & Rosacker Llp
Address
601 NORTH NEVADA AVENUE, COLORADO SPRINGS, CO 80903
Preparer
Mitchell Downs CPA
Phone
7196362321
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0336230
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01533732
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0297
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02564
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01067
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05940
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt010819
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt020687
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98670
IRS990ScheduleA/PublicSupportPY170Pct00.98250
IRS990ScheduleA/PublicSupportTotal170Amt01533732
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0232880
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0167645
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0607505
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0189472
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0336230
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01533732
IRS990ScheduleA/TotalSupportAmt01554419
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/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04903
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04903
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt026375
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS FOR TUITION, FEES AND BOOKS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS COVER TUITION, FEES AND BOOKS. TUITION AND FEES ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION AND SCHOLARSHIPS FOR BOOKS ARE EITHER PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION OR AS A REIMBURSEMENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COMPLETED COPY OF THE FORM 990 IS PRESENTED TO THE ENTIRE BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MEMBERS ARE ASKED TO SIGN A CONFLICT OF INTEREST POLICY STATEMENT ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD FORMALLY DISCUSSES OFFICER COMPENSATION AND USES A NON-PROFIT SALARY GUIDE IN DETERMINING SALARY LEVEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS REQUIRED TO BE AVAILABLE FOR PUBLIC DISCLOSURE ARE AVAILABLE 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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PIKES PEAK EDUCATION FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0262843395
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 12A, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0730 N NEVADA AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0COLORADO SPRINGS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd080903
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt010000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt021000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0103868
IRS990/TotalAssetsEOYAmt074456
IRS990/TotalAssetsGrp/BOYAmt0103868
IRS990/TotalAssetsGrp/EOYAmt074456
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0232880
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt024506
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029468
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0208213
IRS990/TotalFunctionalExpensesGrp/TotalAmt0262187
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012051
IRS990/TotalLiabilitiesEOYAmt010391
IRS990/TotalLiabilitiesGrp/BOYAmt012051
IRS990/TotalLiabilitiesGrp/EOYAmt010391
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt091817
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt064065
IRS990/TotalOtherCompensationAmt06104
IRS990/TotalProgramServiceExpensesAmt0208213
IRS990/TotalReportableCompFromOrgAmt097650
IRS990/TotalRevenueGrp/ExclusionAmt0297
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0233177
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0103868
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt074456
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt081817
IRS990/UnrestrictedNetAssetsGrp/EOYAmt043065
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0205 E CHEYENNE MOUNTAIN BLVD
IRS990/USAddress/CityNm0COLORADO SPRINGS
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080906
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.61$0.25$0.36$1.57$1.24$0.33
2023Detailed filing. Detailed filing data is available for this year.$0.28$0.24$0.03$0.86$0.97$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.17$0.02$0.15$0.53$0.74$0.21
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.02$0.35$0.63$0.60$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.39$0.06$0.33$0.65$0.46$0.19
2019Detailed filing. Detailed filing data is available for this year.$0.15$0.01$0.14$0.41$0.28$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.01$0.01$0.21$0.26$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.07$0.01$0.06$0.23$0.26$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.10$0.01$0.09$0.17$0.28$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.23$0.03$0.20$0.61$0.57$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.21$0.05$0.16$0.14$0.32$0.18
2013Summary only. Only limited summary data is available for this year.$0.96$0.02$0.94$0.06$0.13$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.02$0.95$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.01$0.83$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.01$0.59$0.25