Overview
What is Peak Education?
Peak Education is a nonprofit organization situated in Colorado Springs, Colorado. Their primary mission is to empower students from low-income backgrounds, ensuring that financial barriers do not hinder their educational and career aspirations. Peak Education disrupts the norm by bridging opportunity gaps within the community. Believing in every student's potential, they support and nurture willing learners, enabling them to reach their full potential. The organization nurtures students from sixth grade, recommended by teachers and counselors, and continues to guide them through college. With a team of nine dedicated individuals, Peak Education offers long-term support to students and their families, ensuring they can overcome poverty's challenges and achieve academic success.
Official website here: www.peakedu.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star Rating
Peak Education has received a Three-Star rating from Charity Navigator, indicating a solid level of performance in accountability and finance. The organization excels in maintaining a strong independent board, achieving a perfect score in both the majority of independent board members and board size. Additionally, it demonstrates transparency and sound financial practices, reflected in its high program expense ratio of 84.47%, ensuring that a significant portion of its funds is directed towards its educational initiatives.
In terms of culture and community, Peak Education has achieved a perfect score of 100, showcasing its commitment to engaging with stakeholders and incorporating feedback into its practices. The organization effectively collects and utilizes feedback, which enhances its responsiveness to the community it serves. Furthermore, it has established comprehensive equity strategies, policies, and processes, emphasizing its dedication to inclusivity and fair practices in education.
While the overall ratings are strong, the focus on accountability and finance might highlight areas for improvement in community outreach or broader impact metrics. Nevertheless, Peak Education's robust governance and effective use of resources suggest it is well-positioned to continue making positive contributions to educational access and success.
This AI summary has been generated from information found on Charity Navigator.
Is Peak Education legitimate?
Peak Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peak Education 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: $122,223
Professional Fundraising Fees: $0
Other Salaries and Wages: $301,221
For more financial information, click here
Official website here: www.peakedu.org
What is the mission statement of Peak Education?
Peak Education's mission is centered around disrupting the status quo and bridging opportunity gaps in the community. They believe in the potential of every student, regardless of their background, and are committed to helping those from low-income families overcome the challenges posed by poverty. The organization identifies promising students in the sixth grade, providing them with the support and experiences necessary to graduate from high school and pursue higher education. Peak Education's long-term goal is to ensure that financial constraints do not hinder students from achieving their full educational and career potential.
Official website here: www.peakedu.org
Who is the CEO of Peak Education?
L Carlos Jimenez is the President of Peak Education. The CEO's salary of Peak Education is $103,733 and their total compensation is $115,906.
Official website here: www.peakedu.org
What is the revenue of Peak Education?
Peak Education's revenue in 2022 was $532,212.
Official website here: www.peakedu.org
Who are the executives of Peak Education and what are their salaries?
The average compensation at Peak Education during 2022 was $47,049. There are 9 employees at Peak Education.
Here are 10 key members and their salaries (Peak Education's CEO's salary is $103,733 and their total compensation is $115,906):
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- Compensation: $103,733
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- Other: $12,173
Official website here: www.peakedu.org
Where can I find the form 990 for Peak Education?
Peak Education's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.peakedu.org
Learn more at the official website: www.peakedu.org
Mission Statement of Peak Education
Peak Education, a nonprofit organization, is committed to disrupting the status quo by closing opportunity gaps in the community. They believe that every student, regardless of their background, has the potential to excel. Their mission is to provide support and experiences to students from low-income families, enabling them to overcome the barriers posed by poverty. Peak Education identifies promising students as early as sixth grade and continues to support them through their educational journey, all the way to pursuing post-secondary education. The organization works tirelessly to ensure that opportunity gaps do not hinder these students from reaching their full educational and career potential.
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Impact
July, 2024
Peak Education's impact can be seen in the lives of students from low-income backgrounds who have been given the support and opportunities needed to break the cycle of poverty. By providing long-term assistance and guidance, Peak Education ensures that these students are able to graduate from high school and pursue higher education, thus opening up pathways to a successful future. Through their work, Peak Education is closing opportunity gaps and empowering willing learners to reach their full educational and career potential.
This information is meant to be a general summary of Peak Education. 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: $213
- Program Service Revenue: $87,825
- Gross Receipts: $543,653
Assets and Liabilities:
- Total Assets: $167,739
- Total Liabilities: $22,696
- Net Assets: $145,043
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BASECAMP INCOME
Revenue
$87,825
Organization Details
Founding Year
1998
Phone
(719) 389-1249Principal Officer
L Carlos Jimenez
Main Address
1645 S MURRAY BLVD, COLORADO SPRINGS, CO, 80916
Website
www.peakedu.orgNTEE Category
Code: B11 - Education
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