Pinnacle Education Services
- Assets
- $12.6m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 43
- Location
- Chantilly, VA
- Founding
- 06/2009
- Data as of
- 12/2023
- EIN
- 26-3143155
Organization Overview
Pinnacle Education Services is located in Chantilly, VA. The organization was established in 2009. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 12/2023, Pinnacle Education Services employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pinnacle Education Services is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Pinnacle Education Services generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $4.1m during the year ending 12/2023. While expenses have increased by 19.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
A PRIVATE SCHOOL FOCUSED ON MATH AND SCIENCE THAT IMMERSES STUDENTS INTO A MULTI-CULTURAL LEARNING ENVIRONMENT THAT PROMOTES CRITICAL THINKING AND PROBLEM SOLVING AND ENCOURAGES STUDENTS TO APPLY THIS KNOWLEDGE TO REAL WORLD SITUTATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOLING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mustafa Akpinar Principal | Officer | 40 | $29,350 |
Sam Kazanci Treasurer | Officer | 1 | $0 |
Mahmut Yeter Vice President | Officer | 1 | $0 |
Eva Kadir Officer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,214 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,761 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,975 |
| Total Program Service Revenue | $3,324,966 |
| Investment income | $12,328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $346,424 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,483,279 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,612 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,481,006 |
| Other salaries and wages | $125,283 |
| Pension plan accruals and contributions | $17,871 |
| Other employee benefits | $0 |
| Payroll taxes | $486,958 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,014 |
| Fees for services: Accounting | $15,552 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,474 |
| Office expenses | $56,497 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,870 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $206,977 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $316,657 |
| Insurance | $78,131 |
| All other expenses | $1,248,170 |
| Total functional expenses | $4,136,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $486,487 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,783,556 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $41,715 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,180,179 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,072 |
| Total assets | $12,558,009 |
| Accounts payable and accrued expenses | $10,114 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,355,713 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $568,924 |
| Total liabilities | $5,934,751 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $6,623,258 |
| Total liabilities and net assets/fund balances | $12,558,009 |