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PEO Foundation

Des Moines, IA · EIN 42-6094564 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

PEO Foundation reported $21.0 million in revenue and $9.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $95.90 went to program services, $4.04 to management and general costs and $0.06 to fundraising. Its largest source of revenue was contributions and grants: 52.5% of the total. Revenue rose 60% between FY2021 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $9.0M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $21M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
95.9%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
4.0%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.1%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
52.5%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
0.0%69.9%
Highest reported compensation
Part VII-A, columns D–F
Not reported$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
Not reported1.28%
People paid over $100,000
Part VII, line 2
08
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
223.413.3
Independent voting board members
Part VI 1a–1b
6 of 6100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$8.6M expenses · 100.0% of program spending · grants $8.3M

P.E.O. Foundation receives, holds and disburses gifts and income to various P.E.O. educational projects qualified as 501(c)(3) organizations as well as to individual scholarship recipients

5 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2021FY2022FY2023FY2024FY2025$21M$9.0M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$21M$9.0M95.9%$167M—
FY2024 ⓘ$18M$8.5M96.1%$155M—
FY2023 ⓘ$13M$7.8M96.5%$146M—
FY2022 ⓘ$17M$8.5M93.8%$140M—
FY2021 ⓘ$13M$7.6M94.3%$132M—

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b6 · 6 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 50
  • Volunteers Part I, line 62,000

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
Wells Fargo Bank
Investment mgmt
$241,999

Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.

Private foundation grants it received

27 private foundations reported grants to PEO Foundation totaling $127K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from PEO Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for PEO Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Iowa

Questions people ask

How much of PEO Foundation's spending goes to programs?

In the fiscal year ending June 30, 2025, PEO Foundation reported that 95.9% of its $9.0 million in expenses went to program services, 4.0% to management and general and 0.1% to fundraising (Form 990, Part IX).

Where does PEO Foundation get its money?

Of $21.0 million in revenue in the fiscal year ending June 30, 2025, 52.5% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is PEO Foundation a registered charity?

The IRS lists EIN 42-6094564 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202533189349301853 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202413179349304576 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202323179349307272 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202213139349301311 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202143169349308799 · read the filing

All filings for EIN 42-6094564: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.