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Nonprofiteer
← PEAK EDUCATION

Form 990 for tax year 2022

Filed by PEAK EDUCATION.

Totals

Total revenue
$864,392
Total expenses
$973,819
Contributions and grants received
$727,381
Grants paid
$82,164
Program service revenue
$136,382
Investment income
$1,507
Other revenue
-$878
Total assets, end of year
$279,812
Total liabilities, end of year
$244,951
Net assets or fund balances, end of year
$34,861
Program services expenses (Part IX)
$805,215
Management and general expenses
$88,641
Fundraising expenses
$79,963
Program service expenses (Part III)
$805,215

Program services were 82.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $727,381

  • 1g · Noncash contributions included above

    $3,627

  • 2a · Program service revenue: PROGRAM REVENUE

    total $136,382 · related or exempt $136,382

  • 3 · Investment income

    total $235 · excluded $235

  • 7a · Gross sales of assets other than inventory

    securities $15,268

  • 7b · Less cost or other basis and sales expenses

    securities $13,996

  • 7c · Gain or loss

    securities $1,272

  • 7d · Net gain or loss

    total $1,272 · excluded $1,272

  • 8a · Fundraising events: gross income

    $16,820

  • 8b · Fundraising events: direct expenses

    $17,698

  • 8c · Net income from fundraising events

    total -$878 · excluded -$878

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $82,164 · program services $82,164

  • 5 · Compensation of officers, directors and key employees

    total $138,792 · program services $122,137 · management and general $5,552 · fundraising $11,103

  • 7 · Other salaries and wages

    total $445,805 · program services $392,308 · management and general $17,832 · fundraising $35,665

  • 9 · Other employee benefits

    total $67,916 · program services $59,766 · management and general $2,716 · fundraising $5,434

  • 10 · Payroll taxes

    total $45,362 · program services $39,919 · management and general $1,814 · fundraising $3,629

  • 11c · Fees: accounting

    total $37,238 · management and general $37,238

  • 11e · Fees: professional fundraising services

    total $10,000 · fundraising $10,000

  • 12 · Advertising and promotion

    total $1,535 · program services $1,535

  • 13 · Office expenses

    total $9,807 · program services $8,630 · management and general $392 · fundraising $785

  • 14 · Information technology

    total $22,511 · program services $22,511

  • 16 · Occupancy

    total $32,686 · program services $28,764 · management and general $1,307 · fundraising $2,615

  • 19 · Conferences, conventions and meetings

    total $7,705 · program services $7,705

  • 20 · Interest

    total $4,472 · program services $4,472

  • 22 · Depreciation, depletion and amortization

    total $3,158 · program services $3,158

  • 23 · Insurance

    total $7,873 · program services $6,928 · management and general $315 · fundraising $630

  • 24a · Other expenses: CONTRACT LABOR

    total $22,814 · program services $5,019 · management and general $9,582 · fundraising $8,213

  • 24b · Other expenses: PROFESSIONAL FEES

    total $11,806 · management and general $11,806

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $5,336 · program services $5,336

  • 24d · Other expenses: PROGRAM EXPENSE

    total $4,429 · program services $4,429

  • 24e · All other expenses

    total $12,410 · program services $10,434 · management and general $87 · fundraising $1,889

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $52,651 · end of year $107,460

  • 2 · Savings and temporary cash investments

    beginning of year $65,380 · end of year $22,342

  • 4 · Accounts receivable

    beginning of year $29,465 · end of year $102,126

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,992 · end of year $9,969

  • 10a · Land, buildings and equipment: cost or other basis

    $7,230

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,104

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $5,126

  • 12 · Investments: other securities

    beginning of year $8,851 · end of year $6,722

  • 14 · Intangible assets

    end of year $24,667

  • 15 · Other assets

    beginning of year $1,400 · end of year $1,400

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,696 · end of year $81,464

  • 19 · Deferred revenue

    end of year $3,667

  • 23 · Secured mortgages and notes payable

    end of year $159,820

  • 27 · Net assets without donor restrictions

    beginning of year $57,352 · end of year -$192,757

  • 28 · Net assets with donor restrictions

    beginning of year $87,691 · end of year $227,618

Mission and programs · 2022

Mission

PEAK EDUCATION WALKS ALONGSIDE YOUTH AS THEY PREPARE TO PURSUE THE EDUCATION AND TRAINING THEY NEED TO REACH THEIR DREAMS - ILLUMINATING THE POSSIBILITIES AFTER HIGH SCHOOL, GUIDING THEM AS THEY CHART THEIR COURSE, AND PROVIDING SUPPORT, RESOURCES, AND SKILLS TO EQUIP THEM FOR THE JOURNEY.

Activities or mission (Part I)

PEAK EDUCATION DISRUPTS THE STATUS QUO BY CLOSING OPPORTUNITY GAPS IN OUR COMMUNITY. WE BELIEVE THAT EVERY STUDENT DESERVES TO REACH FOR THEIR FULL POTENTIAL AND THAT ALL WILLING LEARNERS ARE CAPABLE OF DOING SO.

  • IN 2022 PEAK EDUCATION SCHOLARS EARNED OVER $720,000 IN SCHOLARSHIPS, 100% OF OUR SENIORS COMPLETED HIGH SCHOOL ON TIME AND 91% OF PROGRAM PARTICIPANTS ENROLLED IN A COLLEGE OPTION. WE ALSO EXPANDED OUR SCHOOL PARTNERSHIPS TO INCLUDE A 4TH SCHOOL DISTRICT AND ADDITIONAL PARTNER SCHOOLS IN COLORADO SPRINGS DISTRICT 11.

    Expenses $805,215 · Grants $82,164 · Revenue $136,382

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CASSIE GANNETT

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • RICK GILLIT

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • PORSCHAE BROWN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • RICK MUELLER

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • TODD MATIA

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • CARRIE MCKEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SYLVIA MENDEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • EVELYN SPENCER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • L CARLOS JIMENEZ

    CEO

    Total calculated
    $124,123
    From this org
    $110,794
    From related orgs
    $0
    Other
    $13,329
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202401359349304000

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