Overview
What is Pelotonu Inc?
Pelotonu Inc, based in Austin, Texas, is a nonprofit organization situated at 701 Tillery St 12. Their primary mission is to empower working students to earn a college degree, irrespective of geographical or economic constraints. They achieve this by offering students in competency-based programs a conducive environment, necessary support, and individualized coaching. This approach enables students to graduate on time and debt-free. With a team of 24 dedicated individuals, Pelotonu Inc is committed to providing a viable pathway and essential support for working students pursuing higher education.
Official website here: www.pelotonu.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star rating
Pelotonu Inc has achieved an impressive 100% rating from Charity Navigator, indicating exceptional accountability and financial management. The organization boasts a perfect score in Accountability & Finance, highlighting its commitment to transparency and responsible governance. Notably, it has 100% independent board members and maintains strict financial oversight, with no material diversion of assets.
The organization's strong financial health is underscored by a high program expense ratio of 86.8%, which reflects a substantial investment in its mission-related activities. Additionally, Pelotonu Inc demonstrates excellent fundraising efficiency, with minimal costs incurred per dollar raised. This financial prudence suggests effective allocation of resources towards fulfilling its objectives.
In terms of organizational culture, Pelotonu Inc also excels, achieving a perfect score in this area. They actively collect and utilize feedback from stakeholders, ensuring their practices are responsive to the community's needs. Overall, Pelotonu Inc stands out as a model nonprofit, characterized by robust governance, effective resource management, and a commitment to community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Pelotonu Inc legitimate?
Pelotonu Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pelotonu Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $319,079
Professional Fundraising Fees: $0
Other Salaries and Wages: $983,614
For more financial information, click here
Official website here: www.pelotonu.org
What is the mission statement of Pelotonu Inc?
Pelotonu Inc's mission is centered around assisting working students in earning a college degree, irrespective of geographical constraints or economic circumstances. Their objective is to provide a pathway and necessary support for these students to graduate on time and without accruing debt. This is accomplished through coaching in competency-based programs, offering students a conducive environment, support, and individualized guidance to complete their degrees.
Official website here: www.pelotonu.org
Who is the CEO of Pelotonu Inc?
Lacey Pittman Tomenak is the Chair of Pelotonu Inc.
Official website here: www.pelotonu.org
What is the revenue of Pelotonu Inc?
Pelotonu Inc's revenue in 2022 was $2,036,358.
Official website here: www.pelotonu.org
Who are the executives of Pelotonu Inc and what are their salaries?
The average compensation at Pelotonu Inc during 2022 was $54,279. There are 24 employees at Pelotonu Inc.
Here are 13 key members and their salaries:
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- Compensation: $111,651
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- Other: $6,607
- Compensation: $90,649
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- Other: $5,330
Official website here: www.pelotonu.org
Where can I find the form 990 for Pelotonu Inc?
Pelotonu Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pelotonu.org
Learn more at the official website: www.pelotonu.org
Mission Statement of Pelotonu Inc
PelotonU Inc, a nonprofit organization, is dedicated to helping working students earn a college degree, regardless of their geographical location or economic status. Its mission is to provide these students with a clear pathway and the necessary support to graduate on time and debt-free. The organization achieves this by offering coaching services to students enrolled in competency-based programs. This coaching includes providing them with the necessary space, support, and individualized guidance to successfully earn their degrees. PelotonU Inc strives to empower these students, equipping them with the tools they need to navigate their academic journey and graduate debt-free.
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Impact
July, 2024
Pelotonu Inc is making a significant impact by providing working students with the opportunity to earn a college degree regardless of their geographical location or economic circumstances. Through personalized coaching and support, Pelotonu empowers students enrolled in competency-based programs to successfully complete their degrees. By offering this pathway to graduation without incurring debt, Pelotonu is helping to break down barriers to higher education and improve the prospects of working students. Their mission to support individuals in achieving their educational goals is a commendable effort that aligns with their tag of "Education."
This information is meant to be a general summary of Pelotonu Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $858
- Program Service Revenue: $470,955
- Gross Receipts: $2,036,358
Assets and Liabilities:
- Total Assets: $1,195,218
- Total Liabilities: $65
- Net Assets: $1,195,153
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COACHING REVENUE
Revenue
$470,955
Organization Details
Founding Year
2012
Phone
(512) 553-2338Principal Officer
Lacey Pittman Tomenak
Main Address
701 TILLERY ST 12, AUSTIN, TX, 78702
Website
www.pelotonu.orgNTEE Category
Code: B90 - Education
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