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Pikes Peak Educational Foundation FY2020 filing

Tax-deductible

Colorado Spgs, CO501(c)(3)EducationEIN 26-2843395Revenue $6K in FY2020

On file with the IRS1645 S Murray Blvd, 80916-4502 · Colorado Spgs, COTax-exempt since Aug 2014Supporting org, Type I — 509(a)(3)

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To raise funds and acquire assets, both real and personal, and to preserve and invest same in order to provide financial assistance to Peak education, a colorado nonprofit corporation for pursuit of its charitable, literary and Educational purposes.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $41K a year · 84% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1145 mo
of spending, in cash
Looks good: 1145.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6K
Spent
$2K
To programs
82%
Net assets
$224K
By yearFY2020–FY2024
Revenue
$6K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$6K
FY2021$14K
FY2022$3K
FY2023$172K
FY2024$21K
Expenses
$2K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2K
FY2021$6K
FY2022$14K
FY2023$10K
FY2024Not on file
Net assets
$224K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$224K
FY2021$238K
FY2022$159K
FY2023$359K
FY2024$392K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2011-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Aug 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $2K Management & general 18% · $425

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Marvin Strait
Secretary & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Susan Pattee
President
$0Pt VII · Sec A
See Pikes Peak Educational Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises funds and acquires assets to financially support educational pursuits.

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Provided by the organization

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1 program · $2K · in their own filed words · FY2020
01

To raise funds and acquire assets, both real and personal, and to preserve and invest same in order to provide financial assistance to peak education, a colorado nonprofit corporation for pursuit of its charitable, literary and educational purposes.

$2Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $21K · 2022–2023
Peak EducationCO · FY2023$8,604
Peak EducationCO · FY2022$12,625

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$6K
Ln 12
Investment incomeLn 3$6K
Money outPt IX
$2K
Ln 25
Programscol B$2K
Managementcol C$425
Owns and owesPt X
$224K
net assets · Ln 32
Cash and savingsLn 1–2$224K
Total assetsLn 16$224K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$6K
Total revenueLn 12$6K
Assets in detailPt X, end of year
CashLn 1$224K
Cash and savings togetherLn 1–2$224K
Total assetsLn 16$224K
LiabilitiesLn 26$0
Net assetsLn 32$224K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$224K
Total assetsLn 16$219K$224K
LiabilitiesLn 26$15K$0
Net assetsLn 32$204K$224K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Accounting feesLn 11c$850$425$425
Total functional expensesLn 25$2K$2K$425$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $21K$392K 990 PDF
FY2023 $172K$10K$162K$359K 990 PDF
FY2022 $3K$14K−$11K$159K 990 PDF
FY2021 $14K$6K$8K$238K 990 PDF
FY2020 Viewing $6K$2K$4K$224K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $5,878 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $19,195$5,878
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $19,195$5,878
I-13 Grants and similar amounts paidPrior year $13,500$1,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,634$850
I-18 Total expensesPrior year $15,134$2,350
I-19 Revenue less expensesPrior year $4,061$3,528
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $5,878 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $5,878$5,878
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,878$5,878
Part IX · Statement of functional expenses $2,350 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $1,500$1,500
IX-11c Accounting feesPrograms $425 · Management $425$850
IX-25 Total functional expensesPrograms $1,925 · Management $425 · Fundraising $0$2,350
Part X · Balance sheet $224,235 assets, 7 lines filed
X-1 Cash, non-interest-bearing$224,235
X-16 Total assetsStart of year $219,126$224,235
X-26 Total liabilitiesStart of year $15,134$0
X-27 Net assets without donor restrictionsStart of year $30,565$47,058
X-28 Net assets with donor restrictionsStart of year $173,427$177,177
X-32 Total net assets or fund balancesStart of year $203,992$224,235
X-33 Total liabilities and net assetsStart of year $219,126$224,235
Part XI · Reconciliation of net assets $224,235 net assets at year end
XI-1 Total revenue$5,878
XI-2 Total expenses$2,350
XI-3 Revenue less expenses$3,528
XI-4 Net assets at start of year$203,992
XI-5 Net unrealized gains (losses) on investments$11,465
XI-9 Other changes in net assets$5,250
XI-10 Net assets at end of year$224,235

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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