Peak Prep Pleasant Valley FY2020 filing

Tax-deductible

Camarillo, CA501(c)(3)Since 2019EducationEIN 84-2636686Revenue $3.1M in FY2020

On file with the IRSpeak-prep.org2150 Pickwick Drive 304, 93010-9998 · Camarillo, CATax-exempt since Jun 2021School — 170(b)(1)(A)(ii)

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Peak Prep Pleasant Valley is a public charter school serving students in tk to 12th grades.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$47K 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

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
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
4 of 6
filings with a surplus
Average surplus $475K a year · 8% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$47K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.7M
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
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
$3.1M
Spent
$2.7M
To programs
89%
Net assets
$441K
By yearFY2020–FY2025
Revenue
$3.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.1M
FY2021$2.6M
FY2022$5.2M
FY2023$5.5M
FY2024$6.9M
FY2025$13.0M
Expenses
$2.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.7M
FY2021$3.0M
FY2022$3.4M
FY2023$4.9M
FY2024$6.9M
FY2025$12.6M
Net assets
$441K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$441K
FY2021$90K
FY2022$1.9M
FY2023$2.5M
FY2024$2.4M
FY2025$2.9M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Jun 2021.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $2.4M Management & general 11% · $282K

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

5 people listed on the 990; $47K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Head of School
$46,667Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
District Representative
$0Pt VII · Sec A

Dr Shalen Bishop’s $227K as Executive Director is at the 46th percentile of top reported officer pay among 3683 $10–100M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dr Shalen Bishop$227,446$209,347$196,873$160,869$152,464—
Sabrina Ciolino$169,774$144,666$120,357$100,165——
Joshua Valdivia$135,715—————
Laura Dinanno$121,754—————
Allison Cordero$119,934—————
Irene Hsieh$118,395—————
Esther Lee$109,900—————
Kyle McKoy$108,963—————

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

Educates students from transitional kindergarten through 12th grade.

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Provided by the organization

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1 program · $2.4M · in their own filed words · FY2019
01

Peak prep pleasant valley is an accredited, tuition-free TK-12 public online school in california that uses innovative technology to help students thrive in their schoolwork and life. At peak prep, we empower students to be their best by enabling them to learn in ways that are right for them at home, at their proper level, and at their…

$2.4Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Gifts and grantsLn 1h$3.1M
Investment incomeLn 3$2K
Other incomeLn 4–11$233
Money outPt IX
$2.7M
Ln 25
Programscol B$2.4M
Managementcol C$282K
Owns and owesPt X
$441K
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.1M
Government grantsLn 1e$3.1M
Investment incomeLn 3$2K
Other incomeLn 4–11$233
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.3M
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.7M
Net assetsLn 32$441K
OperationsPt I, VI
EmployeesI 549
VolunteersI 63
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 FY20End FY20
Cash and savingsLn 1–2$0$1.3M
Total assetsLn 16$0$2.1M
LiabilitiesLn 26$0$1.7M
Net assetsLn 32$0$441K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$163K$114K$49K
Other salaries and wagesLn 7$1.2M$1.1M$110K
Other employee benefitsLn 9$233K$188K$45K
Legal feesLn 11b$54K$54K
Other fees for servicesLn 11g$320K$314K$6K
Office expensesLn 13$10K$10K
OccupancyLn 16$9K$9K
TravelLn 17$4K$4K
Other expenses (24a–d)Ln 24$444K$444K
All other expensesLn 24e$196K$196K
Total functional expensesLn 25$2.7M$2.4M$282K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $13.0M$12.6M$449K$2.9M 990 PDF
FY2024 $6.9M$6.9M−$58K$2.4M 990 PDF
FY2023 $5.5M$4.9M$542K$2.5M 990 PDF
FY2022 $5.2M$3.4M$1.8M$1.9M 990 PDF
FY2021 $2.6M$3.0M−$351K$90K 990 PDF
FY2020 Viewing $3.1M$2.7M$441K$441K 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 $3,107,573 revenue, 12 lines filed
I-8 Contributions and grants$3,105,538
I-9 Program service revenue$0
I-10 Investment income$1,802
I-11 Other revenue$233
I-12 Total revenue$3,107,573
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$1,629,218
I-16a Professional fundraising fees$0
I-17 Other expenses$1,037,845
I-18 Total expenses$2,667,063
I-19 Revenue less expenses$440,510
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $3,107,573 across 5 lines filed
VIII-1e Government grants$3,105,538
VIII-1h Total contributions, gifts and grants$3,105,538
VIII-3 Investment incomeExcluded from tax $1,802$1,802
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $233$233
VIII-12 Total revenueRelated to mission $233 · Unrelated business $0 · Excluded from tax $1,802$3,107,573
Part IX · Statement of functional expenses $2,667,063 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $113,983 · Management $48,850$162,833
IX-7 Other salaries and wagesPrograms $1,123,340 · Management $110,000$1,233,340
IX-9 Other employee benefitsPrograms $188,489 · Management $44,556$233,045
IX-11b Legal feesManagement $53,871$53,871
IX-11g Other fees for servicesPrograms $313,950 · Management $5,723$319,673
IX-13 Office expensesManagement $9,702$9,702
IX-16 OccupancyManagement $9,332$9,332
IX-17 TravelPrograms $4,498$4,498
IX-24 Other expenses (24a–d)Programs $444,284$444,284
IX-24e All other expensesPrograms $196,485$196,485
IX-25 Total functional expensesPrograms $2,385,029 · Management $282,034 · Fundraising $0$2,667,063
Part X · Balance sheet $2,120,243 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $0$1,266,336
X-3 Pledges and grants receivableStart of year $0$853,907
X-16 Total assetsStart of year $0$2,120,243
X-17 Accounts payable and accrued expensesStart of year $0$1,679,733
X-26 Total liabilitiesStart of year $0$1,679,733
X-27 Net assets without donor restrictionsStart of year $0$440,510
X-32 Total net assets or fund balancesStart of year $0$440,510
X-33 Total liabilities and net assetsStart of year $0$2,120,243
Part XI · Reconciliation of net assets $440,510 net assets at year end
XI-1 Total revenue$3,107,573
XI-2 Total expenses$2,667,063
XI-3 Revenue less expenses$440,510
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$440,510

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

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