The Peer Power Foundation Inc

Organization Overview

The Peer Power Foundation Inc is located in Memphis, TN. The organization was established in 2005. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Peer Power Foundation Inc employed 190 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peer Power Foundation 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, Peer Power Foundation Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $2.8m during the year ending 06/2021. While expenses have increased by 6.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PEER POWER'S MISSION IS TO INSPIRE AND EMPOWER YOUTH TO TAKE CONTROL OF THEIR ACADEMIC SUCCESS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PEER POWER FOUNDATION HAS INVESTED MORE THAN $23 MILLION IN EDUCATION SINCE 2004 BY PROVIDING THE OPPORTUNITY FOR ALL CHILDREN TO LEARN THROUGH HIGH DOSAGE TUTORING REGARDLESS OF THEIR ZIP CODE. PEER POWER HAS INVESTED MORE THAN 1.3 MILLION HOURS OF IN-CLASS AND AFTER SCHOOL TUTORING WHILE CREATING MORE THAN 2,000 TUTORING JOBS FOR ACADEMICALLY EXCELLING HIGH SCHOOL AND COLLEGE STUDENTS THAT SERVE AS PEER TUTORS. PEER POWER HIRES, TRAINS, AND PLACES PEER TUTORS IN THE CLASSROOM WHERE STRUGGLING STUDENTS NEED THE HELP MOST. TUTORING SUBJECTS CONSISTOF MATH, ENGLISH, SCIENCE, AND BIOLOGY. STUDENTS WITH PEER POWER TUTORS HAVE HIGHER GRADUATION AND COLLEGE ACCEPTANCE RATES AND STUDENTS ENTERING DIRECTLY INTO THE WORKFORCE AFTER HIGH SCHOOL ARE MORE SKILLED. COLLEGE STUDENTS WHO SERVE AS TUTORS HAVE A 31% HIGHER GRADUATION RATE WHILE THEY'VE ALSO DECREASED THEIR STUDENT DEBT.


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Board, Officers & Key Employees

Name (title)Compensation
William Sehnert
Executive Director
$159,618
Tabitha Glenn
Chief Executive Director
$124,519
Thomas Nenon
Secretary
$0
Dow Mcvean
Co-Chairperson
$0
Katherine Kaelin
Chairperson
$0
Jim Barton
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$115,334
Related organizations$0
Government grants $161,575
All other contributions, gifts, grants, and similar amounts not included above$1,099,528
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,376,437
Total Program Service Revenue$1,331,132
Investment income $423
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$30,236
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,677,756

Grants Awarded

Over the last fiscal year, The Peer Power Foundation Inc has awarded $203,000 in support to 2 organizations.

Grant RecipientAmount

UNIVERSITY OF MEMPHIS FOUNDATION

Org PageRecipient Profile

Memphis, TN

PURPOSE: COLLEGE OF ARTS AND SCIENCE TUTOR PROGRAM

$175,000

UNIVERSITY OF MEMPHIS

PURPOSE: TO THE CHARLES D. MCVEAN FOGELMAN PEER POWER FUND AND EXECUTIVE MBA PROGRAM ERIC HARRIS

$28,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Peer Power Foundation Inc has recieved totaling $3,000.

Awarding OrganizationAmount
Brinkley Foundation

Memphis, TN

PURPOSE: CHARITABLE

$3,000
View Grant Recipient Profile

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