Peak Education FY2022 filing

Tax-deductible

Colorado Spgs, CO501(c)(3)Since 1998EducationEIN 84-1467174Revenue $532K in FY2022

On file with the IRSpeakedu.org117 S Wahsatch Ave, 80903-3615 · Colorado Spgs, COTax-exempt since Feb 1999Publicly supported charity — 170(b)(1)(A)(vi)

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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 success in college, career, and life.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$104K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $160K a year · 13% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$104K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $260K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$23K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$532K
-15% vs prior year
Spent
$740K
To programs
85%
Net assets
$145K
By yearFY2021–FY2025
Revenue
$532K
FY2022▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2021$627K
FY2022$532K
FY2023$864K
FY2024$1.6M
FY2025$2.5M
Expenses
$740K
FY2022▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2021$604K
FY2022$740K
FY2023$974K
FY2024$1.2M
FY2025$1.7M
Net assets
$145K
FY2022▼ -59%
Tap a bar for its year
Net assets by fiscal year
FY2021$355K
FY2022$145K
FY2023$35K
FY2024$361K
FY2025$1.1M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1999.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $629K Management & general 8% · $57K Fundraising 7% · $54K

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

10 people listed on the 990; $104K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$103,733Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

L Carlos Jimenez’s $133K as CEO is at the 55th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
L Carlos Jimenez$132,848$109,174$110,794$103,733$108,159

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Closes opportunity gaps, helping every student reach their full potential.

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Provided by the organization

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1 program · $629K · in their own filed words · FY2021
01

Peak education provides long term support for youth from low income backgrounds and their families. We work to ensure that opportunity gaps do not prevent students from reaching their full educational and career potential.

$629Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$260K
See all 3 funders →
Grants paid · 5 grants · $349K · 2020–2024
Unitemized GrantFY2024$90,971
Unitemized GrantFY2023$48,940
Unitemized GrantFY2022$82,164
Unitemized GrantFY2021$77,675
Unitemized GrantFY2020$49,500

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$532K
Ln 12
Gifts and grantsLn 1h$444K
Fees for servicesLn 2g$88K
Investment incomeLn 3$213
Money outPt IX
$740K
Ln 25
Programscol B$629K
Managementcol C$57K
Fundraisingcol D$54K
Owns and owesPt X
$145K
net assets · Ln 32
Cash and savingsLn 1–2$118K
Total assetsLn 16$168K
LiabilitiesLn 26$23K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$444K
Government grantsLn 1e$2K
Noncash giftsLn 1g$10K
Fundraising eventsLn 1c$23K
Fees for servicesLn 2g$88K
Investment incomeLn 3$213
Gains on assetsLn 7$0
Total revenueLn 12$532K
Assets in detailPt X, end of year
CashLn 1$53K
SavingsLn 2$65K
Cash and savings togetherLn 1–2$118K
InvestmentsLn 11–13$9K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$1K
Total assetsLn 16$168K
LiabilitiesLn 26$23K
Net assetsLn 32$145K
OperationsPt I, VI
EmployeesI 522
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$126K$118K
InvestmentsLn 11–13$9K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$377K$168K
LiabilitiesLn 26$23K$23K
Net assetsLn 32$355K$145K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$78K$78K
Pay of current officers, directors and key staffLn 5$122K$108K$5K$10K
Other salaries and wagesLn 7$301K$265K$12K$24K
Other employee benefitsLn 9$47K$42K$2K$4K
Payroll taxesLn 10$33K$29K$1K$3K
Accounting feesLn 11c$23K$23K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$3K$3K$131$263
Information technologyLn 14$13K$13K
OccupancyLn 16$22K$20K$890$2K
Conferences, conventions and meetingsLn 19$4K$4K
InsuranceLn 23$4K$3K$141$281
Other expenses (24a–d)Ln 24$79K$58K$11K$10K
All other expensesLn 24e$5K$3K$919$1K
Total functional expensesLn 25$740K$629K$57K$54K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.5M$1.7M$762K$1.1M 990 PDF
FY2024 $1.6M$1.2M$330K$361K 990 PDF
FY2023 $864K$974K−$109K$35K 990 PDF
FY2022 Viewing $532K$740K−$207K$145K 990 PDF
FY2021 $627K$604K$23K$355K 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 FY2022 990 (6 parts)
Part I · Summary $532,212 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $626,232$444,174
I-9 Program service revenuePrior year $0$87,825
I-10 Investment incomePrior year $391$213
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $626,623$532,212
I-13 Grants and similar amounts paidPrior year $49,500$77,675
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $448,309$504,159
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $105,707$157,668
I-18 Total expensesPrior year $603,516$739,502
I-19 Revenue less expensesPrior year $23,107−$207,290
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $532,212 across 11 lines filed
VIII-1a Federated campaigns$35,000
VIII-1c Fundraising events$22,503
VIII-1e Government grants$1,786
VIII-1f All other contributions, gifts and grants$384,885
VIII-1g Noncash contributions (included above)$9,921
VIII-1h Total contributions, gifts and grants$444,174
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $87,825$87,825
VIII-3 Investment incomeExcluded from tax $213$213
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $87,825 · Unrelated business $0 · Excluded from tax $213$532,212
Part IX · Statement of functional expenses $739,502 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $77,675$77,675
IX-5 Pay of current officers, directors and key staffPrograms $107,556 · Management $4,889 · Fundraising $9,778$122,223
IX-7 Other salaries and wagesPrograms $265,074 · Management $12,049 · Fundraising $24,098$301,221
IX-9 Other employee benefitsPrograms $41,609 · Management $1,891 · Fundraising $3,783$47,283
IX-10 Payroll taxesPrograms $29,420 · Management $1,337 · Fundraising $2,675$33,432
IX-11c Accounting feesManagement $22,919$22,919
IX-12 Advertising and promotionPrograms $3,124$3,124
IX-13 Office expensesPrograms $2,891 · Management $131 · Fundraising $263$3,285
IX-14 Information technologyPrograms $13,459$13,459
IX-16 OccupancyPrograms $19,577 · Management $890 · Fundraising $1,780$22,247
IX-19 Conferences, conventions and meetingsPrograms $4,326$4,326
IX-23 InsurancePrograms $3,093 · Management $141 · Fundraising $281$3,515
IX-24 Other expenses (24a–d)Programs $58,329 · Management $11,371 · Fundraising $9,746$79,446
IX-24e All other expensesPrograms $3,256 · Management $919 · Fundraising $1,172$5,347
IX-25 Total functional expensesPrograms $629,389 · Management $56,537 · Fundraising $53,576$739,502
Part X · Balance sheet $167,739 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $125,953$52,651
X-2 Savings and temporary cash investments$65,380
X-4 Accounts receivableStart of year $244,676$29,465
X-9 Prepaid expenses and deferred chargesStart of year $5,064$9,992
X-10c Land, buildings and equipment, netStart of year $0$0
X-12 Other securities$8,851
X-15 Other assetsStart of year $1,400$1,400
X-16 Total assetsStart of year $377,093$167,739
X-17 Accounts payable and accrued expensesStart of year $22,557$22,696
X-26 Total liabilitiesStart of year $22,557$22,696
X-27 Net assets without donor restrictionsStart of year $132,309$57,352
X-28 Net assets with donor restrictionsStart of year $222,227$87,691
X-32 Total net assets or fund balancesStart of year $354,536$145,043
X-33 Total liabilities and net assetsStart of year $377,093$167,739
Part XI · Reconciliation of net assets $145,043 net assets at year end
XI-1 Total revenue$532,212
XI-2 Total expenses$739,502
XI-3 Revenue less expenses−$207,290
XI-4 Net assets at start of year$354,536
XI-5 Net unrealized gains (losses) on investments−$1,203
XI-9 Other changes in net assets−$1,000
XI-10 Net assets at end of year$145,043

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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