Peak Beginnings

Nonprofit profile at a glance

EIN
874721643
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Apex, NC, USA
Phone
9199073725
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Elementary, Secondary Education, K - 12
Affiliation
Christianity

Reported finances

Revenue
$96,268
Expenses
$57,203
Assets
$103,614

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

People named in this filing

  • LANE TOMEY (EXECUTIVE DI)
  • KIMBERLY WILLIFORD (KEY EMPLOYEE)
  • STEPHANIE BIAS (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide opportunities for children from under-resourced families to gain the skills and confidence to reach their unique potential, by offerring free early childhood education in a christ-centered, nurturing and stable environment.

What it reported doing in 2024

-students received their first library cards and learned how to borrow books. A milestone that opens the door to a lifetime of reading; builds early literacy skills and encourages a love of learning that extends far beyond the classroom. -introduced special teaching unit called "god made me" - a celebration of each child's unique value and purpose. Through stories, songs, art and hands-on activities, our students learned that they are wonderfully made by god with a special purpose. -used assessment, evaluation and programming system to monitor growth needs. 100% of our students met the benchmark for kindergarten readiness. -provided safe, reliable transportation to and from school. -provided over 6,500 healthy meals to help life a heavy burden for families while fueling healthy brain development, supporting emotional regulation and strengthening immune systems.

Operating model

Revenue model
Donor-supported. 78% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 100
  • Sustainability: 60
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.4%; rating input score 59
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 40.6%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 1.81; rating input score 63; 63rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 55.9%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 90.1% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 17% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: 33% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 59.4% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $57K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 59/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.