Pivot Education Inc
- Assets
- $325.4k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 26
- Location
- Riverview, FL
- Founding
- 04/2014
- Data as of
- 06/2021
- 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. As of 06/2021, Pivot Education Inc employed 26 individuals. 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 06/2021, Pivot Education Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (17.4%) per year over the past 6 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
2021
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 UTILIZE AN ONLINE CURRICULUM IN A SITE-BASED LEARNING CENTER ENVIRONMENT THAT ALLOWS STUDENTS TO WORK AT THEIR OWN PACE, RECEIVE IMMEDIATE TUTORING, PARTICIPATE IN SMALL GROUP INSTRUCTION, BE INVOLVED IN SCHOOL-WIDE ACTIVITIES, AND RECEIVE INDIVIDUALIZED SUPPORT FROM SITE-BASED AND ONLINE FLORIDA CERTIFIED TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Preziosi Parent Liais | Trustee | 0.5 | $0 |
Dr Don Dixon Board Member | Trustee | 0.5 | $0 |
James Guzelow Board Member | Trustee | 0.5 | $0 |
Dr Chris Card Board Chairp | Trustee | 0.5 | $0 |
David Yarborough Board Member | Trustee | 0.5 | $0 |
Lisa Galbraith 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 | $101,032 |
| 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 | $101,032 |
| Total Program Service Revenue | $1,646,119 |
| 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 | $1,758,615 |
| 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 | $800,303 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,769 |
| Payroll taxes | $63,631 |
| Fees for services: Management | $74,907 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,838 |
| Advertising and promotion | $350 |
| Office expenses | $28,277 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $323,868 |
| Travel | $0 |
| 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 | $8,969 |
| Insurance | $14,225 |
| All other expenses | $30,610 |
| Total functional expenses | $1,636,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,877 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,754 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,050 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,470 |
| Net Land, buildings, and equipment | $4,884 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,334 |
| Total assets | $325,369 |
| Accounts payable and accrued expenses | $42,359 |
| 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 | $231,803 |
| Total liabilities | $274,162 |
| 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 | $4,884 |
| Retained earnings, endowment, accumulated income, or other funds | $46,323 |
| Total liabilities and net assets/fund balances | $325,369 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pivot Education Inc has recieved totaling $42.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $42 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Foundation For Osceola Education Inc Kissimmee, FL | $17,231,201 | $18,787,939 |
Lake Technical College Inc Eustis, FL | $17,510,446 | $18,253,168 |
Northstar Academies Inc Fort Lauderdale, FL | $8,255,029 | $17,151,740 |
Global Outreach Charter Academys Jacksonville, FL | $28,025,971 | $16,215,591 |
Coastal Plains Education Center Inc Metter, GA | $21,944,449 | $17,839,473 |
National Ben Gamla Charter Schoolfoundation Inc Miami, FL | $11,814,149 | $15,804,589 |
Lincoln Marti Charter Schools Inc Miami, FL | $12,862,040 | $15,316,634 |
Ridgeview Global Studies Academy Inc Davenport, FL | $23,553,699 | $16,444,024 |
Wesley International Academy Inc Atlanta, GA | $9,201,005 | $14,194,787 |
City Of Belle Isle Charter Schools Inc Miami, FL | $12,550,374 | $14,274,361 |
Sarasota Military Academy Inc Sarasota, FL | $22,680,421 | $14,952,313 |
Minneola Charter Schools Inc Minneola, FL | $14,329,481 | $14,463,653 |