Pivot Education Inc
- Assets
- $1.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Riverview, FL
- Founding
- 04/2014
- Data as of
- 06/2024
- EIN
- 27-1680083
Organization Overview
Pivot Education Inc is located in Riverview, FL. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pivot Education Inc 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 06/2024, Pivot Education Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 8 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE PUBLIC CHARTER SCHOOLS IN THE STATE OF FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE PUBLIC CHARTER SCHOOLS IN THE STATE OF FLORIDA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Weatherford Combs Reg Agent/ed | Trustee | 0.5 | $0 |
David Yarborough Board Member | Trustee | 0.5 | $0 |
Lisa Galbraith Board Member | Trustee | 0.5 | $0 |
Don Dixon Board Member | Trustee | 0.5 | $0 |
Jim Guelzow Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,703 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,703 |
| Total Program Service Revenue | $1,910,439 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,948,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Other salaries and wages | $962,458 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $75,510 |
| Payroll taxes | $72,745 |
| Fees for services: Management | $22,732 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,755 |
| Advertising and promotion | $0 |
| Office expenses | $39,485 |
| Information technology | $36,684 |
| Royalties | $0 |
| Occupancy | $138,979 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,262 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177,427 |
| Insurance | $25,740 |
| All other expenses | $0 |
| Total functional expenses | $2,056,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,571 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,570 |
| Accounts receivable, net | $1,050 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $42,087 |
| Net Land, buildings, and equipment | $86,670 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $956,309 |
| Total assets | $1,156,257 |
| Accounts payable and accrued expenses | $128,462 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $62,280 |
| Other liabilities | $930,975 |
| Total liabilities | $1,121,717 |
| 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 | $86,670 |
| Retained earnings, endowment, accumulated income, or other funds | -$52,130 |
| Total liabilities and net assets/fund balances | $1,156,257 |