Peers Foundation
- Assets
- $170.1k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Grand Rapids, MI
- Founding
- 11/2010
- Data as of
- 12/2019
- EIN
- 64-0955416
Organization Overview
Peers Foundation is located in Grand Rapids, MI. The organization was established in 2010. According to its NTEE Classification (I23) the organization is classified as: Drunk Driving-Related, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2019, Peers Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peers Foundation 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 12/2019, Peers Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (15.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TEACH PARTICIPANTS IN NATIONAL PROGRAMS ABOUT THE POTENTIAL DIFFERENT DISTRACTIONS WHILE DRIVING
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAJOR AUTOMOBILE MANUFACTURERS AND INSURANCE COMPANIES HAVE FUNDED , THROUGH GRANTS, TO SUPPLEMENT A CAMPAIGN TOURING HIGH SCHOOLS EDUCATING TEENAGERS ON THE DANGERS OF DISTRACTED DRIVING
MAJOR AUTOMOBILE MANUFACTURERS AND INSURANCE COMPANIES HAVE FUNDED , THROUGH GRANTS, TO SUPPLEMENT A CAMPAIGN TOURING HIGH SCHOOLS EDUCATING TEENAGERS ON THE DANGERS OF DISTRACTED DRIVING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Seymore Chairman Of The Board | OfficerTrustee | 15 | $0 |
John Figg Director | Trustee | 1 | $0 |
William Krupar Director | Trustee | 1 | $0 |
Jennifer Seymore Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,943 |
| All other contributions, gifts, grants, and similar amounts not included above | $913,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $955,043 |
| Total Program Service Revenue | $104,807 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,059,850 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,062 |
| Fees for services: Management | $45,410 |
| Fees for services: Legal | $8,388 |
| Fees for services: Accounting | $3,339 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $225 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,425 |
| Advertising and promotion | $21,737 |
| Office expenses | $19,945 |
| Information technology | $358,873 |
| Royalties | $0 |
| Occupancy | $11,502 |
| Travel | $170,586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,854 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,399 |
| Insurance | $915 |
| All other expenses | $0 |
| Total functional expenses | $1,063,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,340 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,718 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $555 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $138 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | -$2,700 |
| Other assets | $0 |
| Total assets | $170,051 |
| Accounts payable and accrued expenses | $7,538 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $131,196 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,817 |
| Total liabilities | $163,551 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $10,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | -$3,500 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $170,051 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Peers Foundation has recieved totaling $28,750.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $28,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peers Foundation Grand Rapids, MI | $170,051 | $1,059,850 |
Alcohol Abuse Deterrent Program Inc Fort Wayne, IN | $1,180,974 | $970,468 |
Southern Grant Road Crew Inc Kieler, WI | $0 | $0 |
Girard Manor Inc Warren, OH | $5,019,240 | $18,750 |
Bar Buddies Reedsburg Reedsburg, WI | $7,497 | $0 |
Designated Driver Usa Foundation Inc Youngstown, OH | $31,304 | $0 |