Peloton Foundation Inc
- Assets
- $484.8k
- Revenue
- $84.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 61-1582472
Organization Overview
Peloton Foundation Inc is located in Boston, MA. The organization was established in 2014. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peloton Foundation 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 12/2021, Peloton Foundation Inc generated $84.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $16.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PELOTON FOUNDATION, INC. DONATES MONEY TO PROMISING NON-PROFIT ORGANIZATIONS INCLUDING BUT NOT LIMITED TO ORGANIZATIONS THAT HELP CHILDREN AND THEIR FAMILIES ACHIEVE EDUCATION, CHILDHOOD DEVELOPMENT, HEALTH, WELL-BEING AND ECONOMIC EMPOWERMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guy Daniello President | 1 | $0 | |
Marty Ryan Controller | 1 | $0 | |
Susan Daniello Director, Bod | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $84,280 |
| Interest on Savings | $313 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $84,593 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $70 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,512 |
| Contributions, gifts, grants paid | $12,915 |
| Total expenses and disbursements | $16,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,714 |
| Savings and temporary cash investments | $457,129 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $484,843 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Peloton Foundation Inc has awarded $12,915 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ROOM TO GROW PURPOSE: PROGRAM /PROJ SUPPORT | $5,000 |
CRADLES TO CRAYONS (CHICAGO) PURPOSE: PROGRAM /PROJ SUPPORT | $2,000 |
New York, NY PURPOSE: PROGRAM /PROJ SUPPORT | $1,500 |
CRADLES TO CRAYONS PURPOSE: PROGRAM /PROJ SUPPORT | $1,250 |
CHILDREN'S SERVICE OF ROXBURY PURPOSE: PROGRAM /PROJ SUPPORT | $1,250 |
Denver, CO PURPOSE: PROGRAM /PROJ SUPPORT | $650 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Peloton Foundation Inc has recieved totaling $27,027.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $27,027 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
The Catherine Jefferson Foundation Darien, CT | $18,987,801 | $13,741,460 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |
The Meringoff Family Foundation Inc New York, NY | $455,360 | $3,000,005 |
Island Outreach Foundation Inc Center Moriches, NY | $19,989,596 | $2,168,344 |
University Of The Andes Foundation Inc New York, NY | $11,245,685 | $2,158,813 |
Goodman-Lipman Family Foundation Inc Larchmont, NY | $13,467,092 | $1,080,767 |