2024-04-15T16:09:45-05:00 2023-06-30 440160260 FORVIS LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2022-07-01 202069907 THE PEER POWER FOUNDATION INC PEER 9017618463 850 RIDGE LAKE BLVD NO 1 MEMPHIS TN 38120 CORTNEY RICHARDSON CEO 9017618463 2024-04-15 1 CORTNEY RICHARDSON 999009999 1 AMY BIBBY P00445891 8282542254 2024-04-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CORTNEY RICHARDSON 850 RIDGE LAKE BLVD NO 1 MEMPHIS TN 38120 3940520 0 X WWW.PEERPOWERFOUNDATION.ORG X 2005 TN TUTOR AND MENTOR STUDENTS TO BE SUCCESSFUL IN ACADEMICS, SOCIETY AND PRODUCTIVE EMPLOYABLE CITIZENS. 9 9 300 9 0 0 2020525 1717875 1316291 2222645 -9933 0 -8950 -43960 3317933 3896560 0 0 0 0 2998434 3451544 0 0 53267 481554 530459 3479988 3982003 -162055 -85443 1264233 1349153 197865 303234 1066368 1045919 X PEER POWER FOUNDATION HIRES, TRAINS, AND DEPLOYS COLLEGE STUDENTS INTO ECONOMICALLY CHALLENGED HIGH SCHOOLS. THE COLLEGE TUTORS/MENTORS WORK IN THE ENGLISH, MATH, AND SCIENCE CLASSES TO HELP STUDENTS IN REAL TIME. THIS MODEL REDUCES THE ADULT/STUDENT RATIO FROM 1:30 TO ABOUT 1:10. THIS PROVIDES STUDENTS WITH PERSONAL HELP IN KEY COURSE WORK AREAS. 0 0 2800615 2222645 PLEASE SEE SCHEDULE O FOR PROGRAM SERVICE ACCOMPLISHMENTS.PEER POWER FOUNDATION DIRECTLY INVESTS IN MID-SOUTH HIGH SCHOOL AND COLLEGE STUDENTS. IT RECRUITS, TRAINS, AND PLACES COLLEGE "SUCCESS COACHES" IN THE CLASSROOM FOR REAL TIME HELP WHEN A STUDENT NEEDS IT. THE COACHES ARE PLACED IN THE MATH, SCIENCE, AND ENGLISH CLASSES WHERE KIDS OFTEN STRUGGLE, BECOME PROBLEMATIC AND WITHDRAW FROM LEARNING AND EVEN DROP OUT OF SCHOOL. SCHOOLS WITH PEER POWER SUCCESS COACHES HAVE AN 8-10% HIGHER GRADUATION RATE. TO BE A SUCCESS COACH IS TO HAVE A MEANINGFUL JOB WHICH REQUIRES SUBSTANTIVE EXPERTISE IN MATH, SCIENCE, AND ENGLISH. ADDITIONALLY, IT REQUIRES A MINDSET OF SERVICE, HUMILITY, AND URGENCY. WE ARE PARTNERS WITH THE TEACHERS, THE SCHOOLS AND PARENTS TO MENTOR, MODEL AND MOTIVATE YOUNG AND VULNERABLE CHILDREN IN SOCIOECONOMICALLY CHALLENGED NEIGHBORHOODS. THE 75% OF STUDENTS WE SERVE ARE IN FAMILIES AT OR BELOW THE FEDERAL POVERTY LEVEL. SINCE 2004 WE HAVE TUTORED MORE THEN 1,600,000 HOURS IMPACTING 35,000 CHILDREN. THE "SUCCESS COACH" IS OFTEN A "FIRST GENERATION COLLEGE STUDENT." PEER POWER'S TRAINING AND CONTINUOUS LEARNING AND ELEARNING MODEL PRODUCES OUTSTANDING RESULTS. OUR SUCCESS COACH GRADUATION RATE IS 84%, THE NATIONAL AVERAGE "FIRST GENERATION COLLEGE STUDENT" RATE IS LESS THAN 40%. COVID-19 THE STUDENTS AND SCHOOLS WE SERVE WERE ABRUPTLY AND SERIOUSLY IMPACTED BY CLOSURE ON MARCH 8, 2020. PEER POWER MADE THE ECONOMIC DECISION TO RETAIN ALL COACHES AND IMMEDIATELY CONTINUE SUPPORT OF TEACHERS AND STUDENTS. EVERYTHING INCLUDING THE SATURDAY ACT PREP PROGRAM, AFTER SCHOOL TUTORING AND COLLEGE ORIENTATION COURSES WERE TRANSITIONED TO VIRTUALLY BUT CONTINUED WITH INDIVIDUAL SUPPORT. THE SPRING VIRTUAL SATURDAY ACT ENROLLED 611 STUDENTS. THE SIX SATURDAY COURSE REQUIRES STUDENTS TO INVEST 3 HOURS EACH SATURDAY. THE PAYOFF IS EACH THE 1200-1800 ENROLLEES LEARN THINKING SKILLS, STUDY HABITS AND DIRECT SUBJECT REVIEW AND EARN MILLIONS OF DOLLARS IN COLLEGE SCHOLARSHIPS. THE PEER POWER INSTITUTE ON THE UNIVERSITY OF MEMPHIS CAMPUS EXPANDED THE HIGH SCHOOL STUDENT OUTREACH TO ALL GRADUATING SHELBY COUNTY SCHOOL SENIORS. IT IS A COMPLETE PARTNER IN UNIVERSITY RECRUITMENT, STUDENT EMPLOYMENT AND RESEARCH. THE COVID CHALLENGE WAS MET BY PEER POWER'S RESOURCEFULNESS, AND WE ARE PREPARED IN THE FUTURE TO SERVE MORE STUDENTS, TEACHERS, PRINCIPALS, AND SCHOOLS. PEER POWER PROGRAMS ARE TARGETED FOR STUDENTS FROM ELEMENTARY SCHOOL THROUGH COLLEGE. THE PROGRAMS INCLUDE: IN CLASS, AFTER SCHOOL, SMALL GROUP, SATURDAY ACT AND SUMMER CAMPS. COVID-19 CLOSED THE SCHOOLS, BUT NOT PEER POWER. WE MIGRATED TO DIRECT TEACHER AND STUDENT HELP THROUGH THE INTERNET. 2800615 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 300 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 TN X KELLY NARO 9017618429 8500 RIDGELAKE BLDV SUITE 1 MEMPHIS TN 38120 DOW MCVEAN CO-CHAIRPERSON 1.00 X X 0 0 0 JIM BARTON TREASURER 1.00 X X 0 0 0 JOSH LACKIE DIRECTOR 1.00 X 0 0 0 KATHERINE KAELIN CHAIRPERSON 1.00 X X 0 0 0 SUSAN PLUNKETT DIRECTOR 1.00 X 0 0 0 THOMAS NENON SECRETARY 1.00 X X 0 0 0 REGINALD PORTER JR DIRECTOR 1.00 X 0 0 0 DANIEL WILLIAMS DIRECTOR 1.00 X 0 0 0 D JOHN JACKSON DIRECTOR 1.00 X 0 0 0 TABITHA GLENN CEO 40.00 X 175000 0 0 WILLIAM SEHNERT EXECUTIVE DIRECTOR 40.00 X 160000 0 0 CORTNEY RICHARDSON CEO 40.00 X 96731 0 0 431731 0 0 2 0 1 0 0 207947 831950 677978 1717875 CLASSROOM TEACHING/TUT 611710 2222645 2222645 2222645 0 207947 43960 -43960 -43960 3896560 2222645 0 -43960 431731 412303 19428 2781794 1997841 783953 238019 238019 21450 21450 123383 85573 37810 154569 139112 15457 6133 6133 57002 57002 21883 21883 14112 14112 5465 5465 STUDENT INCENTIVES 55940 55940 FOOD 38370 38370 MISCELLANEOUS EXPENSES 18575 18575 SUPPLIES 13577 12219 1358 3982003 2800615 1128121 53267 913078 797127 331448 198974 29038 14796 19707 14242 25550 0 313260 1264233 1349153 188500 266821 9365 36413 197865 303234 X 1044548 1028399 21820 17520 1066368 1045919 1264233 1349153 -85443 64994 0 X X 0 1 X 1 0 X 974889 1617812 1376437 2088529 1717875 7775542 248830 634894 1331132 1359791 2222645 5797292 1223719 2252706 2707569 3448320 3940520 13572834 290000 526550 236000 600000 44751 1697301 0 290000 526550 236000 600000 44751 1697301 11875533 7357 423 7780 7357 423 7780 1223719 2260063 2707992 3448320 3940520 13580614 0.87440 0.75960 0.00060 0.00060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29038 14796 14242 14242 EMPLOYER RETENTION TAX CREDIT REFUND DUE 313260 313260 X 4005514 64994 43960 108954 3896560 0 3896560 4025963 43960 43960 3982003 0 3982003 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS SIMILARLY EXEMPT FROM TENNESSEE STATE INCOME TAXES UNDER APPLICABLE PROVISIONS OF THE TENNESSEE TAX REGULATIONS. THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE FOUNDATION HAS DETERMINED THAT IT DOESN'T HAVE ANY MATERIAL UNRECOGNIZED TAX POSITIONS AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 43,960. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 43,960. BRX RACE 207947 207947 43960 207947 207947 43960 43960 -43960 X 0 0 0 0 0 0 0 0 0 TABITHA GLENN CEO 175000 0 0 0 0 0 0 0 0 0 175000 0 0 0 WILLIAM SEHNERT EXECUTIVE DIRECTOR 160000 0 0 0 0 0 0 0 0 0 160000 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 KATHERINE KAELIN, CHAIRPERSON IS THE SISTER OF DOW MCVEAN. THEY ARE CHILDREN OF FOUNDER CHARLES MCVEAN. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY BOARD MEMBERS PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD CHAIR, SECRETARY/TREASURER AND EXECUTIVE DIRECTOR MONITOR AND ENFORCE THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A SALARY SURVEY OF SIMILAR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.