EIN 20-2069907

The Peer Power Foundation

IRS 501(c) type
501(c)(3)
Num. employees
300
Year formed
2005
Most recent tax filings
2023-06-01
NTEE code, primary
Description
The Peer Power Foundation tutors and mentors students to achieve success in academics, society, and as productive employable citizens. The foundation hires, trains, and deploys college students into economically challenged high schools where they work as English, Math, and Science tutors/mentors to help students in real time. This model reduces the adult/student ratio. Cortney Richardson runs the foundation from Memphis, TN.
Total revenues
$3,896,560
2023
Total expenses
$3,982,003
2023
Total assets
$1,349,153
2023
Num. employees
300
2023

Program areas at The Peer Power Foundation

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.

Grants made by The Peer Power Foundation

GranteeGrant descriptionAmount
The University of Memphis Research FoundationCollege of Arts and Science Tutor Program$98,000

Who funds The Peer Power Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
JR Hyde Iii Family FoundationSupport for the Charge Program$50,357
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$28,500
Community Foundation of Greater MemphisGeneral Operational Support$25,600
...and 11 more grants received

Personnel at The Peer Power Foundation

NameTitleCompensation
Cortney RichardsonChief Executive Officer$96,731
Malcom RawlsChief Operations Officer
William SehnertExecutive Director$160,000
Tabitha GlennPast Chief Executive Officer$175,000
Thomas NenonSecretary$0
...and 5 more key personnel

Financials for The Peer Power Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,717,875
Program services$2,222,645
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-43,960
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,896,560

Form 990s for The Peer Power Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-15990View PDF
2022-062023-05-08990View PDF
2021-062022-04-04990View PDF
2020-062021-04-14990View PDF
2019-062021-04-28990View PDF
...and 11 more Form 990s
Data update history
May 20, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $3,000 from Brinkley Taf Brinkley Foundation
January 1, 2024
Received grants
Identified 5 new grant, including a grant for $50,357 from JR Hyde Iii Family Foundation
October 22, 2023
Received grants
Identified 11 new grant, including a grant for $48,500 from Bill and Crissy Haslam Foundation
July 24, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
SchoolsEducational service providersYouth service charitiesCharities
Issues
EducationChildren
Characteristics
Fundraising eventsPeer-to-peer fundraisingReceives government fundingFundraising races, competitions, and tournamentsTax deductible donationsAccepts online donations
General information
Address
850 Ridge Lake Blvd No 1
Memphis, TN 38120
Metro area
Memphis, TN-MS-AR
County
Shelby County, TN
Website URL
peerpowerfoundation.org/ 
Phone
(901) 761-8463
IRS details
EIN
20-2069907
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2005
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B90: Educational Services
NAICS code, primary
624110: Child and Youth Services
Parent/child status
Independent
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