Peak Education FY2024 filing

Tax-deductible

Colorado Spgs, CO501(c)(3)Since 1998EducationEIN 84-1467174Revenue $1.6M in FY2024

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.
79¢ of each $1 spent went to programs.
$109K 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

FY2024 · 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
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$109K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 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
$254K
41% of total assets
Looks good: liabilities are 41% 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
$1.6M
+81% vs prior year
Spent
$1.2M
To programs
79%
Net assets
$361K
By yearFY2021–FY2025
Revenue
$1.6M
FY2024▲ +81%
Tap a bar for its year
Revenue by fiscal year
FY2021$627K
FY2022$532K
FY2023$864K
FY2024$1.6M
FY2025$2.5M
Expenses
$1.2M
FY2024▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2021$604K
FY2022$740K
FY2023$974K
FY2024$1.2M
FY2025$1.7M
Net assets
$361K
FY2024▲ ×10
Tap a bar for its year
Net assets by fiscal year
FY2021$355K
FY2022$145K
FY2023$35K
FY2024$361K
FY2025$1.1M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

79 cents of each dollar spent went to programs.

Program services 79% · $979K Management & general 10% · $126K Fundraising 11% · $132K

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; $109K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$109,174Pt VII · Sec A
Vice President / Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (thru 6/30/2024)
$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 · $979K · in their own filed words · FY2023
01

College Counseling and Consulting

We work to close opportunity gaps for students from low-income backgrounds by providing monthly programming, mentorship, college counseling, and enrichment activities that prepare them for success in college and in their lives. Students begin with Peak Education in 6th grade and are supported through college completion.

$979Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$213K
Investment incomeLn 3$4K
Money outPt IX
$1.2M
Ln 25
Programscol B$979K
Managementcol C$126K
Fundraisingcol D$132K
Owns and owesPt X
$361K
net assets · Ln 32
Cash and savingsLn 1–2$138K
Total assetsLn 16$615K
LiabilitiesLn 26$254K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Noncash giftsLn 1g$640
Fees for servicesLn 2g$213K
Investment incomeLn 3$4K
Gains on assetsLn 7$3K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$128K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$138K
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$1K
Total assetsLn 16$615K
LiabilitiesLn 26$254K
Net assetsLn 32$361K
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 FY24End FY24
Cash and savingsLn 1–2$130K$138K
Land, buildings, equipmentLn 10c$5K$4K
Total assetsLn 16$280K$615K
LiabilitiesLn 26$245K$254K
Net assetsLn 32$35K$361K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$49K$49K
Pay of current officers, directors and key staffLn 5$121K$102K$4K$14K
Other salaries and wagesLn 7$598K$509K$20K$70K
Pension plan contributionsLn 8$21K$18K$702$2K
Other employee benefitsLn 9$71K$60K$2K$8K
Payroll taxesLn 10$59K$50K$2K$7K
Accounting feesLn 11c$41K$10K$31K
Other fees for servicesLn 11g$107K$86K$21K
Advertising and promotionLn 12$24K$12K$12K
Office expensesLn 13$35K$10K$23K$3K
Information technologyLn 14$24K$11K$12K$901
OccupancyLn 16$41K$35K$1K$5K
TravelLn 17$4K$2K$2K$107
Conferences, conventions and meetingsLn 19$16K$14K$2K$138
InterestLn 20$13K$13K
Depreciation, depletion and amortizationLn 22$5K$4K$779
InsuranceLn 23$7K$6K$244$853
Total functional expensesLn 25$1.2M$979K$126K$132K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.5M$1.7M$762K$1.1M 990 PDF
FY2024 Viewing $1.6M$1.2M$330K$361K 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $1,566,957 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $727,381$1,355,857
I-9 Program service revenuePrior year $136,382$213,454
I-10 Investment incomePrior year $1,507$3,503
I-11 Other revenuePrior year −$878−$5,857
I-12 Total revenuePrior year $864,392$1,566,957
I-13 Grants and similar amounts paidPrior year $82,164$48,940
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $697,875$870,366
I-16a Professional fundraising feesPrior year $10,000$0
I-17 Other expensesPrior year $183,780$318,034
I-18 Total expensesPrior year $973,819$1,237,340
I-19 Revenue less expensesPrior year −$109,427$329,617
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 $1,566,957 across 9 lines filed
VIII-1f All other contributions, gifts and grants$1,355,857
VIII-1g Noncash contributions (included above)$640
VIII-1h Total contributions, gifts and grants$1,355,857
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $213,454$213,454
VIII-3 Investment incomeExcluded from tax $425$425
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,078$3,078
VIII-8 Net income from fundraising eventsExcluded from tax −$6,442−$6,442
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $585$585
VIII-12 Total revenueRelated to mission $213,454 · Unrelated business $0 · Excluded from tax −$2,354$1,566,957
Part IX · Statement of functional expenses $1,237,340 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $48,940$48,940
IX-5 Pay of current officers, directors and key staffPrograms $102,496 · Management $4,019 · Fundraising $14,068$120,583
IX-7 Other salaries and wagesPrograms $508,720 · Management $19,950 · Fundraising $69,825$598,495
IX-8 Pension plan contributionsPrograms $17,910 · Management $702 · Fundraising $2,458$21,070
IX-9 Other employee benefitsPrograms $60,202 · Management $2,361 · Fundraising $8,263$70,826
IX-10 Payroll taxesPrograms $50,483 · Management $1,980 · Fundraising $6,929$59,392
IX-11c Accounting feesPrograms $10,402 · Management $30,998$41,400
IX-11g Other fees for servicesPrograms $85,942 · Fundraising $20,665$106,607
IX-12 Advertising and promotionPrograms $11,813 · Management $11,813$23,626
IX-13 Office expensesPrograms $9,972 · Management $22,620 · Fundraising $2,884$35,476
IX-14 Information technologyPrograms $11,293 · Management $11,791 · Fundraising $901$23,985
IX-16 OccupancyPrograms $34,999 · Management $1,373 · Fundraising $4,804$41,176
IX-17 TravelPrograms $2,222 · Management $2,066 · Fundraising $107$4,395
IX-19 Conferences, conventions and meetingsPrograms $13,582 · Management $2,090 · Fundraising $138$15,810
IX-20 InterestManagement $13,469$13,469
IX-22 Depreciation, depletion and amortizationPrograms $4,000 · Management $779$4,779
IX-23 InsurancePrograms $6,214 · Management $244 · Fundraising $853$7,311
IX-25 Total functional expensesPrograms $979,190 · Management $126,255 · Fundraising $131,895$1,237,340
Part X · Balance sheet $614,915 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $107,460$127,714
X-2 Savings and temporary cash investmentsStart of year $22,342$9,800
X-3 Pledges and grants receivableStart of year $0$339,020
X-4 Accounts receivableStart of year $102,126$2,055
X-9 Prepaid expenses and deferred chargesStart of year $9,969$23,372
X-10c Land, buildings and equipment, netStart of year $5,126$4,347
X-14 Intangible assetsStart of year $24,667$107,207
X-15 Other assetsStart of year $1,400$1,400
X-16 Total assetsStart of year $279,812$614,915
X-17 Accounts payable and accrued expensesStart of year $81,464$112,300
X-19 Deferred revenueStart of year $3,667$0
X-24 Unsecured notes and loans payableStart of year $159,820$141,479
X-26 Total liabilitiesStart of year $244,951$253,779
X-27 Net assets without donor restrictionsStart of year −$192,757−$241,596
X-28 Net assets with donor restrictionsStart of year $227,618$602,732
X-32 Total net assets or fund balancesStart of year $34,861$361,136
X-33 Total liabilities and net assetsStart of year $279,812$614,915
Part XI · Reconciliation of net assets $361,136 net assets at year end
XI-1 Total revenue$1,566,957
XI-2 Total expenses$1,237,340
XI-3 Revenue less expenses$329,617
XI-4 Net assets at start of year$34,861
XI-5 Net unrealized gains (losses) on investments−$3,342
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$361,136

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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