Civic Intelligence

Peak Education

990 • Fiscal year 2020 • EIN 84-1467174

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 18, 2020

1645 S Murray BlvdColorado Springs, CO 80916

(719) 389-1249

Siviq Scores

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

Liabilities / Assets

64th percentile

0.14x

Higher debt load relative to assets than 64% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.09x

Higher debt load relative to revenue than 55% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

79th percentile

29%

Higher net margin than 79% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

89th percentile

$104,455

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 16.1% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

93rd percentile

155%

Faster asset growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

88th percentile

59%

Faster revenue growth than 88% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$387,537

Up $235,414 (+155%) from 2019

Net Assets

Up

$331,429

Up $190,472 (+135%) from 2019

Liabilities

Up

$56,108

Up $44,942 (+402%) from 2019

Revenue

Up

$647,058

Up $239,818 (+59%) from 2019

Expenses

Up

$456,586

Up $178,763 (+64%) from 2019

Net Income

Up

$190,472

Up $61,055 (+47%) from 2019

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

2020

Assets$387,537
Liabilities$56,108
Net Assets$331,429

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

2020

Revenue$647,058
Expenses$456,586
Net Income$190,472
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 18, 2020
Return Version
2019v5.1
Gross Receipts
$647,058
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
Accounts Receivable-$256,234-
Cash and Non-Interest-Bearing Accounts$152,073$118,880▼ $33,193
Prepaid Expenses and Deferred Charges$50$11,023▲ $10,973
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$152,123$387,537▲ $235,414
Other Assets Total$0$1,400▲ $1,400
Liabilities
Accounts Payable and Accrued Expenses$11,166$56,108▲ $44,942
Total Liabilities$11,166$56,108▲ $44,942
Net Assets / Fund Balance
Net Assets With Donor Restrictions$55,600$301,936▲ $246,336
Net Assets Without Donor Restrictions$85,357$29,493▼ $55,864
Total Net Assets Fund Balance$140,957$331,429▲ $190,472
Total Liabilities and Net Assets / Fund Balance$152,123$387,537▲ $235,414

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$4,904$4,904
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jon StepletonCEOFT$99,203$5,252$104,455
Leonelo JimenezCEOFT$42,623$2,298$44,921

Board Members and Trustees

NameTitle
Susan Loo PatteePresident
Cassie GannettVice President, Board Secretary
Porschae Chitmon-turnerAlumni Board Member
Greg KeirnsBoard Member
Rick MuellerBoard Member
Rick GillitBoard Treasurer
Rick PriceImmediate Past Board Presi
Revenue and Support

Revenue Composition

Contributions and Grants
$647,043
Program Service Revenue
$0
Investment Income
$15
Other Revenue
$0
All Other Contributions
$598,872
Change in Net Assets
$190,472
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$362,083
Grants and Similar Amounts Paid$48,375
Other Expenses$46,128
Total Fundraising Expense$41,412
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$183,228$7,815$21,323$212,366
Other Salaries and Wages$95,514$4,018$10,973$110,505
Grants to Domestic Individuals$48,375--$48,375
Payroll Taxes$20,445$842$2,212$23,499
Other Employee Benefits$13,128$699$1,886$15,713
Fees for Services Accounting$1,663$9,324-$10,987
Advertising$3,154$37$2,409$5,600
Information Technology$4,045$698-$4,743
Occupancy$3,803$160$437$4,400
All Other Expenses$2,492$1,268$397$4,157
Office Expenses$1,026$2,809$23$3,858
Insurance$1,901$843-$2,744
Other Expenses$1,010$907$1,752$1,752
Total Functional Expenses$382,582$32,592$41,412$456,586
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 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

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
1645 S MURRAY BLVD, COLORADO SPRINGS, CO 80916

Signing Officer

Name
Carlos Jimenez
Title
CEO
Phone
7193891249
Signed
2020-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carlos Jimenez
Formed
1998
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
4
Volunteers
39

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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IRS990/PYTotalRevenueAmt0407240
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0190472
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt013134
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0643871
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0407240
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0211631
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0232880
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0167645
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01663267
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0122
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0297
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02564
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02998
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99820
IRS990ScheduleA/PublicSupportPY170Pct00.99750
IRS990ScheduleA/PublicSupportTotal170Amt01663267
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0643871
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0407240
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0211631
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0232880
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0167645
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01663267
IRS990ScheduleA/TotalSupportAmt01666265
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/DepreciationAmt04904
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04904
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt048375
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS FOR TUITION, FEES AND BOOKS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt017
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 EDUCATIONAL FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0262843395
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 12B, II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01645 S MURRAY BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0COLORADO SPRINGS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd080916
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0152123
IRS990/TotalAssetsEOYAmt0387537
IRS990/TotalAssetsGrp/BOYAmt0152123
IRS990/TotalAssetsGrp/EOYAmt0387537
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0647043
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt041412
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032592
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0382582
IRS990/TotalFunctionalExpensesGrp/TotalAmt0456586
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011166
IRS990/TotalLiabilitiesEOYAmt056108
IRS990/TotalLiabilitiesGrp/BOYAmt011166
IRS990/TotalLiabilitiesGrp/EOYAmt056108
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0140957
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0331429
IRS990/TotalOtherCompensationAmt07550
IRS990/TotalProgramServiceExpensesAmt0382582
IRS990/TotalReportableCompFromOrgAmt0141826
IRS990/TotalRevenueGrp/ExclusionAmt015
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0647058
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt039
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0152123
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0387537
IRS990/TotReportableCompRltdOrgAmt00

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