Pelotonu
- Assets
- $1.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 23
- Location
- Austin, TX
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 46-0920019
Organization Overview
Pelotonu is located in Austin, TX. The organization was established in 2013. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Pelotonu employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pelotonu 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 12/2021, Pelotonu generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.4% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 35.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HELPING WORKING STUDENTS EARN A COLLEGE DEGREE, REGARDLESS OF GEOGRAPHY OR ECONOMICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COACHING: PROVIDING STUDENTS IN COMPETENCY-BASED PROGRAMS THE SPACE, SUPPORT, AND INDIVIDUALIZED COACHING TO EARN THEIR DEGREE.
ADVISING: PROVIDING TRAINING, RESOURCES AND INDIVIDUALIZED ADVICE ON EDUCATION OPTIONS FOR POST-TRADITIONAL STUDENTS IN CENTRAL TEXAS.
INNOVATION: CODIFYING AND SHARING OUR MODEL TO BRING THIS APPROACH TO OTHER CITIES.
STUDENT SUPPORTS: PROVIDING SCHOLARSHIPS AND SECONDARY RESOURCES TO ENSURE SMALL OBSTACLES ARE NOT A BARRIER TO GRADUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hudson Baird Executive Director | Officer | 40 | $94,640 |
Sarah Saxton-Frump Chief Operating Officer | Officer | 40 | $92,991 |
Leigh Ridge Chief Of Staff | Officer | 40 | $84,854 |
James Baker Chair | OfficerTrustee | 2 | $0 |
Austin Prentice Treasurer | OfficerTrustee | 2 | $0 |
Angela Shaw Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $157,847 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,258,134 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,415,981 |
| Total Program Service Revenue | $373,401 |
| Investment income | $151 |
| 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 | $1,789,533 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $58,996 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $288,540 |
| Compensation of current officers, directors, key employees. | $52,253 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $840,898 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $74,217 |
| Payroll taxes | $89,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,663 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $81,191 |
| Office expenses | $0 |
| Information technology | $11,774 |
| Royalties | $0 |
| Occupancy | $45,488 |
| Travel | $4,824 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,239 |
| All other expenses | $21,383 |
| Total functional expenses | $1,640,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,937 |
| Savings and temporary cash investments | $1,016,360 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15 |
| Total assets | $1,081,312 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,029,089 |
| Net assets with donor restrictions | $52,223 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,081,312 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Pelotonu has recieved totaling $995,518.
| Awarding Organization | Amount |
|---|---|
Michael & Susan Dell Foundation Austin, TX PURPOSE: EXPANDING PATHS TO DEGREE COMPLETION AND CAREERS | $400,000 |
Omidyar Network Fund Inc Redwood City, CA PURPOSE: GENERAL OPERATING SUPPORT | $250,000 |
Charles Koch Foundation Arlington, VA PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
Sooch Foundation Austin, TX PURPOSE: TO SUPPORT ORGANIZATION'S PURPOSE | $50,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $27,500 |
Shield-Ayres Foundation Austin, TX PURPOSE: GENERAL SUPPORT OF THE ORGANIZATION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Meridian Corporation Austin, TX | $22,335,966 | $20,374,244 |
Belle Chasse Academy Inc Belle Chasse, LA | $29,416,847 | $17,545,847 |
Village Tech Schools Duncanville, TX | $32,290,922 | $14,785,373 |
Bexar County Performing Arts Center Foundation San Antonio, TX | $183,646,136 | $8,087,390 |
Leading Educators Inc New Orleans, LA | $10,160,201 | $9,461,961 |
Hispanic Association Of Colleges And Universities San Antonio, TX | $14,909,180 | $14,551,149 |
Passages America Israel Inc Allen, TX | $8,997,691 | $7,060,714 |
Extend-A-Care Inc Austin, TX | $4,350,683 | $9,102,758 |
Educate Girls Austin, TX | $42,960,470 | $14,126,525 |
Evolution Acadamy Richardson, TX | $15,542,643 | $6,925,248 |
Oklahoma Public School Resource Center Inc Oklahoma City, OK | $4,660,216 | $8,536,647 |
Prime Time Family Reading New Orleans, LA | $2,481,247 | $6,549,424 |