Peak Education FY2023 filing

Tax-deductible

Colorado Spgs, CO501(c)(3)Since 1998EducationEIN 84-1467174Revenue $864K in FY2023

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.
83¢ of each $1 spent went to programs.
$111K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
2 of 4
filings with a surplus
Average surplus $9K a year · 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$111K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 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
$245K
88% of total assets
Concern: liabilities are 88% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$864K
+62% vs prior year
Spent
$974K
To programs
83%
Net assets
$35K
By yearFY2021–FY2024
Revenue
$864K
FY2023▲ +62%
Tap a bar for its year
Revenue by fiscal year
FY2021$627K
FY2022$532K
FY2023$864K
FY2024$1.6M
FY2024$2.5M
Expenses
$974K
FY2023▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2021$604K
FY2022$740K
FY2023$974K
FY2024$1.2M
FY2024$1.7M
Net assets
$35K
FY2023▼ -76%
Tap a bar for its year
Net assets by fiscal year
FY2021$355K
FY2022$145K
FY2023$35K
FY2024$361K
FY2024$1.1M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1999.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $805K Management & general 9% · $89K Fundraising 8% · $80K

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

9 people listed on the 990; $111K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$110,794Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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

NameFY2024FY2024FY2023FY2022FY2021
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 · $805K · in their own filed words · FY2022
01

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.

$805Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$864K
Ln 12
Gifts and grantsLn 1h$727K
Fees for servicesLn 2g$136K
Investment incomeLn 3$2K
Money outPt IX
$974K
Ln 25
Programscol B$805K
Managementcol C$89K
Fundraisingcol D$80K
Owns and owesPt X
$35K
net assets · Ln 32
Cash and savingsLn 1–2$130K
Total assetsLn 16$280K
LiabilitiesLn 26$245K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$727K
Noncash giftsLn 1g$4K
Fees for servicesLn 2g$136K
Investment incomeLn 3$2K
Gains on assetsLn 7$1K
Total revenueLn 12$864K
Assets in detailPt X, end of year
CashLn 1$107K
SavingsLn 2$22K
Cash and savings togetherLn 1–2$130K
InvestmentsLn 11–13$7K
Land, buildings, equipmentLn 10c$5K
Other assetsLn 15$1K
Total assetsLn 16$280K
LiabilitiesLn 26$245K
Net assetsLn 32$35K
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 FY23End FY23
Cash and savingsLn 1–2$118K$130K
InvestmentsLn 11–13$9K$7K
Land, buildings, equipmentLn 10c$0$5K
Total assetsLn 16$168K$280K
LiabilitiesLn 26$23K$245K
Net assetsLn 32$145K$35K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$82K$82K
Pay of current officers, directors and key staffLn 5$139K$122K$6K$11K
Other salaries and wagesLn 7$446K$392K$18K$36K
Other employee benefitsLn 9$68K$60K$3K$5K
Payroll taxesLn 10$45K$40K$2K$4K
Accounting feesLn 11c$37K$37K
Professional fundraising feesLn 11e$10K$10K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$10K$9K$392$785
Information technologyLn 14$23K$23K
OccupancyLn 16$33K$29K$1K$3K
Conferences, conventions and meetingsLn 19$8K$8K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$8K$7K$315$630
Other expenses (24a–d)Ln 24$44K$15K$21K$8K
All other expensesLn 24e$12K$10K$87$2K
Total functional expensesLn 25$974K$805K$89K$80K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.6M$1.2M$330K$361K 990 PDF
FY2023 Viewing $864K$974K−$109K$35K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $864,392 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $444,174$727,381
I-9 Program service revenuePrior year $87,825$136,382
I-10 Investment incomePrior year $213$1,507
I-11 Other revenuePrior year $0−$878
I-12 Total revenuePrior year $532,212$864,392
I-13 Grants and similar amounts paidPrior year $77,675$82,164
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $504,159$697,875
I-16a Professional fundraising feesPrior year $0$10,000
I-17 Other expensesPrior year $157,668$183,780
I-18 Total expensesPrior year $739,502$973,819
I-19 Revenue less expensesPrior year −$207,290−$109,427
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $864,392 across 8 lines filed
VIII-1f All other contributions, gifts and grants$727,381
VIII-1g Noncash contributions (included above)$3,627
VIII-1h Total contributions, gifts and grants$727,381
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $136,382$136,382
VIII-3 Investment incomeExcluded from tax $235$235
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,272$1,272
VIII-8 Net income from fundraising eventsExcluded from tax −$878−$878
VIII-12 Total revenueRelated to mission $136,382 · Unrelated business $0 · Excluded from tax $629$864,392
Part IX · Statement of functional expenses $973,819 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $82,164$82,164
IX-5 Pay of current officers, directors and key staffPrograms $122,137 · Management $5,552 · Fundraising $11,103$138,792
IX-7 Other salaries and wagesPrograms $392,308 · Management $17,832 · Fundraising $35,665$445,805
IX-9 Other employee benefitsPrograms $59,766 · Management $2,716 · Fundraising $5,434$67,916
IX-10 Payroll taxesPrograms $39,919 · Management $1,814 · Fundraising $3,629$45,362
IX-11c Accounting feesManagement $37,238$37,238
IX-11e Professional fundraising feesFundraising $10,000$10,000
IX-12 Advertising and promotionPrograms $1,535$1,535
IX-13 Office expensesPrograms $8,630 · Management $392 · Fundraising $785$9,807
IX-14 Information technologyPrograms $22,511$22,511
IX-16 OccupancyPrograms $28,764 · Management $1,307 · Fundraising $2,615$32,686
IX-19 Conferences, conventions and meetingsPrograms $7,705$7,705
IX-20 InterestPrograms $4,472$4,472
IX-22 Depreciation, depletion and amortizationPrograms $3,158$3,158
IX-23 InsurancePrograms $6,928 · Management $315 · Fundraising $630$7,873
IX-24 Other expenses (24a–d)Programs $14,784 · Management $21,388 · Fundraising $8,213$44,385
IX-24e All other expensesPrograms $10,434 · Management $87 · Fundraising $1,889$12,410
IX-25 Total functional expensesPrograms $805,215 · Management $88,641 · Fundraising $79,963$973,819
Part X · Balance sheet $279,812 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $52,651$107,460
X-2 Savings and temporary cash investmentsStart of year $65,380$22,342
X-4 Accounts receivableStart of year $29,465$102,126
X-9 Prepaid expenses and deferred chargesStart of year $9,992$9,969
X-10c Land, buildings and equipment, netStart of year $0$5,126
X-12 Other securitiesStart of year $8,851$6,722
X-14 Intangible assets$24,667
X-15 Other assetsStart of year $1,400$1,400
X-16 Total assetsStart of year $167,739$279,812
X-17 Accounts payable and accrued expensesStart of year $22,696$81,464
X-19 Deferred revenue$3,667
X-26 Total liabilitiesStart of year $22,696$244,951
X-27 Net assets without donor restrictionsStart of year $57,352−$192,757
X-28 Net assets with donor restrictionsStart of year $87,691$227,618
X-32 Total net assets or fund balancesStart of year $145,043$34,861
X-33 Total liabilities and net assetsStart of year $167,739$279,812
Part XI · Reconciliation of net assets $34,861 net assets at year end
XI-1 Total revenue$864,392
XI-2 Total expenses$973,819
XI-3 Revenue less expenses−$109,427
XI-4 Net assets at start of year$145,043
XI-5 Net unrealized gains (losses) on investments−$755
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$34,861

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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