2025-03-22T11:18:17-05:00 2024-06-30 341874260 CBIZ ADVISORS LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2023-07-01 202069907 THE PEER POWER FOUNDATION INC PEER 9017618463 850 RIDGE LAKE BLVD 1 MEMPHIS TN 38120 CORTNEY RICHARDSON CEO 9017618463 2025-03-21 1 1 LISA BURKE P00220718 8169455500 2025-03-21 2023 2025-03-06 01:10:19Z CORTNEY RICHARDSON 850 RIDGE LAKE BLVD 1 MEMPHIS TN 38120 4038380 0 X PEERPOWERFOUNDATION.ORG X 2005 TN EVIDENCE BASED HIGH-QUALITY TUTORING & MENTORING, WORKFORCE DEVELOPMENT & YOUTH EMPLOYMENT. 11 11 612 11 0 0 1717875 2240909 2222645 1783518 0 13953 -43960 0 3896560 4038380 0 17075 0 0 3451544 3539807 0 9912 236224 530459 845192 3982003 4411986 -85443 -373606 1349153 1142995 303234 464547 1045919 678448 X PEER POWER FOUNDATION HIRES, TRAINS, AND DEPLOYS COLLEGE STUDENTS TO BE SUCCESS COACHES IN ECONOMICALLY DISADVANTAGED HIGH SCHOOLS. (EXPANDED MISSION ON SCHEDULE O)THESE SUCCESS COACHES WORK PRIMARILY INSIDE OF ENGLISH, MATH, AND SCIENCE CLASSES ALONGSIDE TEACHERS TO HELP STUDENTS MEET ACHIEVEMENT BENCHMARKS AND THEIR LIFE GOALS. THIS MODEL REDUCES THE ADULT TO STUDENT RATIO FROM 1:30 TO ABOUT 1:10, WHICH HELPS MEET THE HOLISTIC NEEDS OF STUDENTS AND ALLEVIATE SOME OF THE PRESSURE FROM TEACHERS. 1 0 3565783 17075 1783518 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 8-10% HIGHER GRADUATION RATES. 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. (CONTINUED ON SCHEDULE O)WE PARTNER WITH THE TEACHERS, 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 THAN 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 EARNING MODEL PRODUCES OUTSTANDING RESULTS. OUR SUCCESS COACH GRADUATION RATE IS 84%, THE NATIONAL AVERAGE FIRST GENERATION COLLEGE STUDENT RATE IS LESS THAN 40%. CORE PROGRAMPEER POWER'S CORE PROGRAM DELIVERS COMPREHENSIVE ACADEMIC SUPPORT THROUGH A DUAL-IMPACT MODEL SERVING BOTH HIGH SCHOOL AND COLLEGE STUDENTS. IN FY24, WE PROVIDED:- 49,470 HOURS OF TUTORING AND MENTORING SERVICES- DIRECT SUPPORT TO 7,043 HIGH SCHOOL STUDENTS- YEAR-ROUND ACADEMIC ASSISTANCE (180 SCHOOL DAYS PLUS SUMMER, FALL, AND SPRING BREAK PERIODS)THE PROGRAM EMPLOYS COLLEGE STUDENTS AS SUCCESS COACHES, PROVIDING COMPETITIVE WAGES STARTING AT $16.50 PER HOUR. OUR OBJECTIVE IS TO IMPROVE ACADEMIC OUTCOMES FOR HIGH SCHOOL STUDENTS WHILE CREATING MEANINGFUL EMPLOYMENT OPPORTUNITIES FOR COLLEGE STUDENTS.LONG-TERM GOALS INCLUDE INCREASING HIGH SCHOOL GRADUATION RATES AND ACADEMIC PROFICIENCY, AND COLLEGE ENROLLMENT AND/OR CAREER READINESS AMONG PARTICIPANTS. SUCCESS COACHES DEMONSTRATE SIGNIFICANTLY HIGHER COLLEGE COMPLETION RATES, WITH 85% GRADUATING WITHIN 4-5 YEARS COMPARED TO THE INSTITUTIONAL AVERAGE OF 45% (ESTIMATED BASED ON CURRENT DATA). SUCCESS COACHES GAIN VALUABLE PROFESSIONAL EXPERIENCE THROUGH CLASSROOM COLLABORATION WITH TEACHERS, PROJECT MANAGEMENT, AND DIRECT STUDENT SUPPORT.UM CONNECTPEER POWER'S UM CONNECT PROGRAM CREATES DIRECT PATHWAYS TO HIGHER EDUCATION THROUGH AN INNOVATIVE PARTNERSHIP WITH THE UNIVERSITY OF MEMPHIS. IN FY 24, THE PROGRAM SERVED 417 STUDENTS (350 IN FALL SEMESTER, 67 IN SPRING SEMESTER) THROUGH COMPREHENSIVE COLLEGE READINESS ACTIVITIES INCLUDING:- DIRECT ENGAGEMENT WITH UNIVERSITY FACULTY ACROSS VARIOUS MAJORS- PERSONALIZED GUIDANCE FROM ADMISSIONS AND FINANCIAL AID REPRESENTATIVES- IN-DEPTH FINANCIAL AID INFORMATION SESSIONS- INTERACTIVE SESSIONS WITH STUDENT ORGANIZATIONS- TARGETED SUPPORT ADDRESSING COLLEGE TRANSITION CHALLENGESTHE PROGRAM'S OBJECTIVE IS TO INCREASE MEMPHIS STUDENT ENROLLMENT IN HIGHER EDUCATION BY MAKING COLLEGE MORE ACCESSIBLE AND PROVIDING PRACTICAL KNOWLEDGE ABOUT COLLEGE LIFE. LONG-TERM GOALS INCLUDE EXPANDING THE PIPELINE OF MEMPHIS STUDENTS ENTERING HIGHER EDUCATION AND ENSURING STUDENTS ARE WELL-PREPARED FOR THE ACADEMIC, FINANCIAL, AND SOCIAL ASPECTS OF UNIVERSITY LIFE.ACT PREP UNIVERSITYACT PREP UNIVERSITY PROVIDES FREE, COMPREHENSIVE ACT PREPARATION SERVICES TO UNDERSERVED STUDENTS, ELIMINATING ECONOMIC BARRIERS TO COLLEGE ENTRANCE EXAM PREPARATION. IN FY24, THE PROGRAM SERVED NEARLY 200 STUDENTS THROUGH INTENSIVE BOOTCAMP SESSIONS THAT INCLUDED:- SPECIALIZED INSTRUCTION IN MATH, READING, SCIENCE, AND ENGLISH SUBJECTS- ONE-ON-ONE TUTORING WITH TRAINED INSTRUCTORS- PRACTICE TESTING SESSIONS- DIGITAL STUDY MATERIALS ACCESSTHE PROGRAM'S OBJECTIVE IS TO INCREASE COLLEGE ACCESSIBILITY AND SCHOLARSHIP OPPORTUNITIES FOR UNDERSERVED STUDENTS THROUGH IMPROVED ACT PERFORMANCE. SINCE ITS INCEPTION IN 2016, ACT PREP UNIVERSITY HAS SERVED MORE THAN 4,500 STUDENTS, DEMONSTRATING SUSTAINED IMPACT IN ADDRESSING EDUCATIONAL INEQUITIES IN COLLEGE TEST PREPARATION. 152744 WORKFORCE DEVELOPMENT: PEER POWER'S WORKFORCE DEVELOPMENT PROGRAM, LAUNCHED IN JANUARY 2024, ADDRESSES CHRONIC ABSENTEEISM AND PROVIDES CAREER PATHWAYS FOR AT-RISK YOUTH IN MEMPHIS. THE PROGRAM SERVES YOUTH AGED 16-24, WITH PARTICULAR FOCUS ON STUDENTS AT RISK OF OR ALREADY INVOLVED IN THE JUVENILE JUSTICE SYSTEM.IN ITS PILOT YEAR, THE PROGRAM ACHIEVED REMARKABLE MEASURABLE OUTCOMES ACROSS TWO COHORTS TOTALING 41 PARTICIPANTS.(CONTINUED ON SCHEDULE O)ALPHA COHORT (17 PARTICIPANTS):- 100% PROGRAM COMPLETION RATE- 100% HIGH SCHOOL GRADUATION RATE- 94% SUCCESS RATE IN AVOIDING CRIMINAL JUSTICE INVOLVEMENT- ALL PARTICIPANTS EARNED OSHA AND FORKLIFT OPERATION CERTIFICATIONSBETA COHORT (24 PARTICIPANTS):- 100% PROGRAM COMPLETION RATE- 100% HIGH SCHOOL GRADUATION RATE- 95.8% SUCCESS RATE IN AVOIDING CRIMINAL JUSTICE INVOLVEMENT- ALL PARTICIPANTS EARNED MATERIAL HANDLING CERTIFICATIONSCOMBINED ACHIEVEMENTS INCLUDE:- 16 PARTICIPANTS COMPLETED MOORE TECH TECHNICAL CERTIFICATIONS- 7 PARTICIPANTS COMPLETED SPECIALIZED MASON TENDER PROGRAM THROUGH AZTEC MASONRY- 100% OVERALL PROGRAM COMPLETION AND HIGH SCHOOL GRADUATION RATESTHE PROGRAM'S OBJECTIVE IS TO ADDRESS MEMPHIS'S DISTRICT-WIDE CHRONIC ABSENTEEISM RATE OF 29% (COMPARED TO THE STATE AVERAGE OF 20%) BY CONNECTING EDUCATION DIRECTLY TO EMPLOYMENT OPPORTUNITIES. LONG-TERM GOALS INCLUDE REDUCING YOUTH INVOLVEMENT IN THE CRIMINAL JUSTICE SYSTEM, INCREASING WORKFORCE READINESS AMONG AT-RISK YOUTH, AND CREATING SUSTAINABLE CAREER PATHWAYS THROUGH INDUSTRY-RECOGNIZED CREDENTIALS.EARN AND LEARNPEER POWER'S EARN AND LEARN PROGRAM IS A COMPREHENSIVE WORKFORCE DEVELOPMENT INITIATIVE SERVING YOUTH AGES 14-24 IN MEMPHIS. IN FY24, THE PROGRAM ACHIEVED SIGNIFICANT MEASURABLE OUTCOMES:- ENROLLED AND PROVIDED JOB READINESS TRAINING TO 474 YOUTH PARTICIPANTS- SUCCESSFULLY PLACED 195 PARTICIPANTS IN DIRECT EMPLOYMENT OPPORTUNITIES WITH PEER POWER- FACILITATED PERMANENT JOB PLACEMENTS FOR 165 PARTICIPANTS POST-PROGRAM- GENERATED $1,086,345 IN EMPLOYER WAGE SAVINGS THROUGH STRATEGIC PARTNERSHIPS- ESTABLISHED PARTNERSHIPS WITH 54 MEMPHIS BUSINESSES ACROSS DIVERSE INDUSTRIESTHE PROGRAM SPECIFICALLY TARGETS WORKFORCE DEVELOPMENT IN HIGH-DEMAND SECTORS, WITH SUCCESSFUL PLACEMENTS IN:- EDUCATION (181 YOUTH PLACED, GENERATING $350,378.11 IN WAGE SAVINGS)- SUPPLY CHAIN & LOGISTICS (58 YOUTH PLACED, GENERATING $136,701.92 IN WAGE SAVINGS)- ADVANCED MANUFACTURING (34 YOUTH PLACED, GENERATING $102,752.70 IN WAGE SAVINGS)THE PROGRAM'S OBJECTIVE IS TO CREATE SUSTAINABLE CAREER PATHWAYS FOR UNDERSERVED YOUTH, WITH 57% OF PARTICIPANTS COMING FROM LOW-INCOME BACKGROUNDS AND 41% GAINING THEIR FIRST WORK EXPERIENCE. LONG-TERM GOALS INCLUDE REDUCING YOUTH UNEMPLOYMENT, INCREASING MINORITY REPRESENTATION IN KEY INDUSTRIES, AND BUILDING A SKILLED LOCAL WORKFORCE PIPELINE. 62327 LEARNING CAMPS: PEER POWER LEARNING CAMPS PROVIDE CONTINUOUS ACADEMIC SUPPORT DURING SCHOOL BREAKS (SUMMER, FALL, AND SPRING) FOR MEMPHIS-SHELBY COUNTY STUDENTS. IN FY24, THE CAMPS SERVED 514 STUDENTS THROUGH COMPREHENSIVE PROGRAMMING THAT INCLUDED:- TARGETED TUTORING AND MENTORING SESSIONS- COLLEGE READINESS PROGRAMMING - WORKFORCE DEVELOPMENT EXPOSURETHE PROGRAM'S OBJECTIVE IS TO PREVENT LEARNING LOSS DURING SCHOOL BREAKS WHILE PROVIDING CONSTRUCTIVE ENGAGEMENT THROUGH ACADEMIC SUPPORT AND CAREER EXPLORATION ACTIVITIES. LONG-TERM GOALS INCLUDE MAINTAINING ACADEMIC PROGRESS YEAR-ROUND AND INCREASING COLLEGE/CAREER READINESS AMONG PARTICIPANTS. 3780854 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 612 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 TN X KELLEY NARO MCVEAN TRADING INVES 9017618429 8500 RIDGELAKE BLVD SUITE 1 MEMPHIS TN 38120 KATHERINE KAELIN CHAIR 1.00 X X 0 0 0 DOW MCVEAN VICE CHAIR 1.00 X X 0 0 0 JIM BARTON TREASURER 1.00 X X 0 0 0 THOMAS NENON SECRETARY 1.00 X X 0 0 0 LANCE COWLES DIRECTOR 1.00 X 0 0 0 ANNE FREEMAN DIRECTOR 1.00 X 0 0 0 D JOHN JACKSON DIRECTOR 1.00 X 0 0 0 JOSH LACKIE DIRECTOR 1.00 X 0 0 0 SUSAN PLUNKETT DIRECTOR 1.00 X 0 0 0 REGINALD PORTER JR DIRECTOR 1.00 X 0 0 0 DANIEL WILLIAMS DIRECTOR 1.00 X 0 0 0 CORTNEY RICHARDSON CEO 40.00 X 150609 0 6641 WILLIAM SEHNERT EXECUTIVE DIRECTOR 40.00 X 159604 0 905 MALCOM RAWLS COO (THRU 1/3/2024) 40.00 X 124083 0 10134 434296 0 17680 3 0 1 0 0 1580290 660619 24370 2240909 TEACHING & TUTORING 611710 1783518 1783518 1783518 13953 13953 4038380 1783518 0 13953 9300 9300 7775 7775 323287 85311 174988 62988 2870499 2870499 7023 7023 71358 71358 267640 267640 2563 2563 20265 20265 9912 9912 137138 45672 91466 4589 4589 109550 66140 38854 4556 12095 12095 83500 83500 82984 80553 2431 5464 5464 97749 97749 TRAINING PROGRAMS 152744 152744 RACE EXPENSES 67302 67302 CAMP EXPENSES 62327 62327 6922 6922 4411986 3780854 394908 236224 797127 134354 25550 294382 313260 441913 198974 233063 29038 20260 14242 8778 0 30505 1349153 1142995 266821 428431 36413 36116 303234 464547 X 1028399 668228 17520 10220 1045919 678448 1349153 1142995 -373606 6135 0 X X 0 1 X 1 0 X 1617812 1376437 2020525 1717875 2240909 8973558 1617812 1376437 2020525 1717875 2240909 8973558 2035511 6938047 7357 423 13953 21733 9702 9702 9004993 7250103 0.77050 X 0.87440 0.00060 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23040 16975 6065 5998 3285 2713 8778 X 4109507 6135 64992 71127 4038380 0 4038380 4476978 64992 64992 4411986 0 4411986 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 HAS NO MATERIAL UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023, AND IT IS GENERALLY NO LONGER SUBJECT TO TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS PRIOR TO 2021. 1 UNIVERSITY OF MEMPHIS 3720 ALUMNI AVE MEMPHIS TN 38152 620648618 501(C)(3) 6300 0 N/A N/A BLACK ALUMNI CHAPTER SUPPORT AND MULTICULTURAL AFFAIRS MEN'S CONFERENCE 1 0 SCHOLARSHIPS 8 7775 0 N/A N/A PART I, LINE 2: PEER POWER RECOGNIZES THAT MANY MEMPHIS HIGH SCHOOL STUDENTS ARE IN NEED OF FINANCIAL ASSISTANCE TO CONTINUE THEIR EDUCATION DURING THESE DIFFICULT TIMES. TO HELP LOCAL STUDENTS CONTINUE THEIR IMPORTANT LEARNING JOURNEYS, PEER POWER ADMINISTERS FUNDS TO HELP STUDENTS ATTEND THE UNIVERSITY OF MEMPHIS THROUGH THE CARROLL BRUNTHAVER SCHOLARSHIP. PEER POWER CONSIDERS THREE AREAS OF MEASUREMENT FOR THE SELECTION AND AWARDING OF THE CARROLL BRUNTHAVER SCHOLARSHIP - ACADEMIC MERIT, VOLUNTEER IMPACT, AND STRONG PERSONAL CHARACTER. TO BE ELIGIBLE, STUDENTS MUST BE A GRADUATING SENIOR FROM ONE OF THE PEER POWER PARTNER SCHOOLS WHO IS ADMITTED TO AND PLANS TO ATTEND THE UNIVERSITY OF MEMPHIS, CAN DEMONSTRATE FINANCIAL NEED VIA FAFSA OR CSS PROFILE, AND HAS A CUMULATIVE GPA OF 3.0 OR HIGHER AS DOCUMENTED VIA AN OFFICIAL HIGH SCHOOL TRANSCRIPT. PEER POWER USES AN INDEPENDENT SELECTION COMMITTEE TO SELECT AND MONITOR SCHOLARSHIPS RECIPIENTS THROUGHOUT THE SCHOOL YEAR. X X 0 0 0 0 0 0 0 1 0 WILLIAM SEHNERT EXECUTIVE DIRECTOR 159604 0 0 0 0 0 0 0 905 0 160509 0 0 0 CORTNEY RICHARDSON CEO 135984 0 14625 0 0 0 619 0 6022 0 157250 0 0 0 PART I, LINE 7 PERIODIC PAY BONUSES ARE NOT GUARANTEED TO EMPLOYEES AND ARE AT THE DISCRETION OF MANAGEMENT. IF PAID, BONUSES ARE BASED ON INDIVIDUAL PERFORMANCE AND THE FOUNDATION BUDGET. BONUSES ARE MEANT TO INCENTIVIZE EMPLOYEES TO EXCEED EXPECTATIONS AND CONSTANTLY PERFORM TO THE BEST OF THEIR ABILITIES AND TO ENSURE THAT FOUNDATION STAYS COMPETITIVE IN ITS MARKET. FORM 990, PART III, LINE 2 EARN AND LEARN: PEER POWER'S EARN AND LEARN PROGRAM CREATES SUSTAINABLE CAREER PATHWAYS FOR MEMPHIS YOUTH AGES 14-24 THROUGH COMPREHENSIVE WORKFORCE DEVELOPMENT. PARTICIPANTS RECEIVE INTENSIVE JOB READINESS TRAINING WHILE EARNING WAGES THROUGH HANDS-ON WORK EXPERIENCE. THROUGH STRATEGIC BUSINESS PARTNERSHIPS, THE PROGRAM PREPARES STUDENTS FROM LOW-INCOME BACKGROUNDS FOR IN-DEMAND CAREERS, COMBINING ESSENTIAL WORKPLACE SKILLS TRAINING WITH REAL-WORLD EMPLOYMENT OPPORTUNITIES. SEE FORM 990, PART III, LINE 4B. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE FOUNDATION IS COMPRISED OF THE CHAIR, THE VICE-CHAIR, THE PRESIDENT, THE SECRETARY, THE TREASURER AND EXECUTIVE DIRECTOR. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE ALL AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE FOUNDATION EXCEPT AS OTHERWISE REQUIRED BY LAW. THE EXECUTIVE COMMITTEE KEEPS REGULAR MINUTES OF ITS PROCEEDINGS AND REPORTS SAME TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS KATHERINE KAELIN AND DOW MCVEAN HAVE FAMILY AND BUSINESS RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD-DELEGATED POWERS ANNUALLY SIGNS A STATEMENT, WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE FOUNDATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IN CONNECTION WITH ANY POSSIBLE OR ACTUAL CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/ SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE DETERMINES AND APPROVES THE CEO'S AND THE EXECUTIVE DIRECTOR'S COMPENSATION. THE CEO APPROVES ALL OTHER OFFICERS AND EMPLOYEES' COMPENSATION. A COMPENSATION STUDY IS REGULARLY PERFORMED DURING BUDGET SEASON. THE LAST STUDY WAS COMPLETED IN MARCH 2024. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE FOUNDATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.