Pelotonia
- Assets
- $21.4m
- Revenue
- $24.1m
- Investments
- $0.0
- Employees
- 32
- Location
- Columbuus, OH
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 82-4997087
Organization Overview
Pelotonia is located in Columbuus, OH. The organization was established in 2019. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2022, Pelotonia employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pelotonia 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 12/2022, Pelotonia generated $24.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $30.8m during the year ending 12/2022. While expenses have increased by 18.3% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PELOTONIA EXISTS TO ENGAGE, INSPIRE, AND CHALLENGE A COMMUNITY COMMITTED TO CHANGE THE WORLD BY ACCELERATING INNOVATIVE CANCER RESEARCH. SINCE ITS FOUNDING IN 2008, PELOTONIA HAS RAISED OVER $275 MILLION WHICH HAS BEEN INVESTED IN HIGH-IMPACT CANCER RESEARCH INCLUDING PREVENTION, DIAGNOSTICS, AND TREATMENT, AS WELL AS THE LAUNCH OF THE PELOTONIA INSTITUTE FOR IMMUNO-ONCOLOGY. AS A CENTERPIECE OF ITS YEAR-ROUND FUNDRAISING EFFORTS, PELOTONIA HOSTS A THREE-DAY EXPERIENCE THAT INCLUDES A WEEKEND OF CYCLING, ENTERTAINMENT, AND VOLUNTEERISM. THANKS TO ITS GENEROUS FUNDING PARTNERS, PELOTONIA IS ABLE TO DIRECT 100 PERCENT OF EVERY COMMUNITY-RAISED DOLLAR TO CANCER RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PELOTONIA SUPPORTS HIGH-RISK, HIGH-REWARD CANCER RESEARCH INITIATIVES AT THE OHIO STATE UNIVERSITY COMPREHENSIVE CANCER CENTER ARTHUR G. JAMES CANCER HOSPITAL AND SOLOVE RESEARCH INSTITUTE. THE FUNDS RAISED SUPPORT PROJECTS THAT ADDRESS MANY AREAS OF CANCER RESEARCH, INCLUDING PREVENTION, DIAGNOSIS, TREATMENT, PSYCHOSOCIAL ISSUES, ACCELERATED DRUG DEVELOPMENT, AND LARGE INITIATIVES THAT HELP CHANGE THE LANDSCAPE OF CANCER CARE AND OFFER HELP AND HOPE TO PATIENTS AND FAMILIES FROM AROUND THE WORLD. PELOTONIA FUNDS ARE NOT RESTRICTED TO SPECIFIC CANCER TYPES, ALLOWING US TO INVEST IN INNOVATION ACROSS ALL CANCERS, FUNDING THE HIGHEST PRIORITY AND QUALITY RESEARCH ANNUALLY. SEE SCHEDULE O.IN FY 2022, PELOTONIA AWARDED FELLOWSHIP PROGRAM AWARDS TO EMPOWER YOUNG INNOVATORS ACROSS ACADEMIC FIELDS AND DISCIPLINES TO PURSUE A CAREER IN CANCER RESEARCH; IDEA GRANTS TO ENABLE SCIENTISTS TO PURSUE NEW APPROACHES TO CANCER RESEARCH; AND STATEWIDE INITIATIVE GRANTS FOCUSED ON ASSESSING SURVIVAL AND QUALITY OF LIFE FOR ADVANCED STAGE LUNG CANCER, SMOKING CESSATION, AND REDUCING THE HIGH BREAST CANCER MORTALITY AMONG AFRICAN AMERICAN WOMEN IN OHIO. PELOTONIA CONTINUED ONGOING PROGRAMMATIC INVESTMENTS IN THE PELOTONIA INSTITUTE FOR IMMUNO-ONCOLOGY (PIIO); A COMPREHENSIVE BENCH-TO-BEDSIDE RESEARCH INITIATIVE FOCUSED ON HARNESSING THE IMMUNE SYSTEM TO FIGHT CANCER; RECRUITMENT AND RETENTION OF TOP CANCER SCIENTISTS; SOPHISTICATED EQUIPMENT REQUIRED FOR CUTTING-EDGE CANCER DISCOVERIES; STRATEGIC RESEARCH INVESTMENTS IN THE DRUG DEVELOPMENT INSTITUTE; DIGITAL PATHOLOGY; AND TOTAL CANCER CARE PROTOCOL PROGRAMS AT THE OSUCCC - JAMES.
IN 2022, PELOTONIA, IN COLLABORATION WITH VICTORIA'S SECRET AND THE AMERICAN ASSOCIATION OF CANCER RESEARCH, ESTABLISHED "THE VICTORIA'S SECRET GLOBAL FUND FOR WOMEN'S CANCERS," TO SUPPORT RESEARCH AIMED AT PREVENTING, DETECTING, TREATING AND SUPPORTING THE SURVIVORSHIP OF WOMEN WITH CANCER AND INVESTING IN THE NEXT GENERATION OF WOMEN SCIENTISTS WHO REPRESENT THE DIVERSE POPULATION THEY SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abigail Wexner Director | Trustee | 0.25 | $0 |
Bobby Schottenstein Chair And Director | Trustee | 0.25 | $0 |
Carol Bradford MD Ms Facs Director | Trustee | 0.25 | $0 |
Cindy Hilsheimer Director | Trustee | 0.25 | $0 |
Dan Rosenthal Director | Trustee | 0.25 | $0 |
Julie Sloat Director | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avi Foodsystems Inc Catering | 12/30/22 | $487,751 |
Rightpoint Consulting Llc Software Development | 12/30/22 | $283,750 |
Lasting Impressions Event Rental Event Production | 12/30/22 | $227,749 |
Cadence Event Management Llc Event Production | 12/30/22 | $195,276 |
Fort Ventures Llc Creative Design | 12/30/22 | $176,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,815,484 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,865,454 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,680,938 |
| Total Program Service Revenue | $0 |
| Investment income | $38,430 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,003,549 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $85,753 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,079,692 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,524,857 |
| 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. | $2,058,239 |
| Compensation of current officers, directors, key employees. | $460,132 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $950,472 |
| Pension plan accruals and contributions | $37,186 |
| Other employee benefits | $145,655 |
| Payroll taxes | $177,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,196 |
| Fees for services: Accounting | $102,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $552,751 |
| Advertising and promotion | $647,087 |
| Office expenses | $89,153 |
| Information technology | $163,485 |
| Royalties | $0 |
| Occupancy | $90,099 |
| Travel | $41,848 |
| 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 | $740,245 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $30,776,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,652,618 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,895,428 |
| Accounts receivable, net | $10,270 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $44,554 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $338,697 |
| Investments—publicly traded securities | $1,458 |
| Investments—other securities | $0 |
| Investments—program-related | $1,247,386 |
| Intangible assets | $1,178,934 |
| Other assets | $78,240 |
| Total assets | $21,447,585 |
| Accounts payable and accrued expenses | $696,619 |
| Grants payable | $0 |
| Deferred revenue | $1,546,863 |
| 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 | $146,852 |
| Total liabilities | $2,390,334 |
| Net assets without donor restrictions | $7,063,747 |
| Net assets with donor restrictions | $11,993,504 |
| 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 | $21,447,585 |
Grants Awarded
Over the last fiscal year, Pelotonia has awarded $24,524,857 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE OHIO STATE UNIVERSITY JAMES CANCER HOSPITAL AND SOLOVE RESEARCH INSTITU PURPOSE: CANCER RESEARCH | $22,010,657 |
AMERICAN ASSOCIATION FOR CANCER RESEARCH PURPOSE: CANCER RESEARCH | $2,514,200 |