NonprofitsThe Peer Power Foundation Inc

Education

The Peer Power Foundation Inc

MEMPHIS, TN

Total revenue

$4.0M

Total expenses

$4.4M

Net assets

$678K

Grants received

$1.7M

53 grants

EIN

202069907

Tax year

2023

Mission

Evidence based high-quality tutoring & mentoring, workforce development & youth employment.

Programs

2 programs

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.

Expenses: $153K

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.

Expenses: $62K

Financials

FY 2023

Revenue

Contributions & grants$2.2M
Program service revenue$1.8M
Investment income$14K
Other revenue
Total revenue$4.0M

Expenses

Grants paid$17K
Salaries & benefits$3.5M
Fundraising$236K
Other expenses$845K
Total expenses$4.4M
Total assets$1.1M
Net assets$678K

People

14 listed

NameRoleCompensation

WILLIAM SEHNERT

EXECUTIVE DIRECTOR

Board

$160K

40 hrs/wk

CORTNEY RICHARDSON

CEO

Board

$151K

40 hrs/wk

THOMAS NENON

SECRETARY

Board

1 hrs/wk

LANCE COWLES

DIRECTOR

Board

1 hrs/wk

ANNE FREEMAN

DIRECTOR

Board

1 hrs/wk

D JOHN JACKSON

DIRECTOR

Board

1 hrs/wk

KATHERINE KAELIN

CHAIR

Board

1 hrs/wk

SUSAN PLUNKETT

DIRECTOR

Board

1 hrs/wk

REGINALD PORTER JR

DIRECTOR

Board

1 hrs/wk

DANIEL WILLIAMS

DIRECTOR

Board

1 hrs/wk

JOSH LACKIE

DIRECTOR

Board

1 hrs/wk

DOW MCVEAN

VICE CHAIR

Board

1 hrs/wk

JIM BARTON

TREASURER

Board

1 hrs/wk

MALCOM RAWLS

COO (THRU 1/3/2024)

Staff

$124K

40 hrs/wk

Grants received

Showing 53 of 53

FromAmountPurposeYear
$381K
EDUCATIONAL SUPPORT
2024
$31K
GENERAL OPERATIONAL SUPPORT
2024
$20K
GENERAL - OPERATING
2024
$15K
TO FURTHER THE CHARITY'S EXEMPT PURPOSE
2024
$35K
GENERAL OPERATIONAL SUPPORT
2023
$20K
GENERAL - OPERATING
2023
$18K
PROGRAM/OPERATING SUPPORT
2023
$15K
TO FURTHER THE CHARITY'S EXEMPT PURPOSE
2023
$10K
GENERAL SUPPORT
2023
$500
General Charitable and Educational
2023
$50K
SUPPORT FOR THE CHARGE PROGRAM
2022
$29K
For grant recipient's exempt purposes
2022
$26K
GENERAL OPERATIONAL SUPPORT
2022
$20K
GENERAL - OPERATING
2022
$15K
TO FURTHER THE CHARITY'S EXEMPT PURPOSE
2022
$10K
GENERAL SUPPORT
2022
$10K
GENERAL OPERATING
2022
$1K
General Charitable and Educational
2022
$500
General support of the organization
2022
$200
CHARITABLE
2022
$100
GENERAL OPERATING
2022
$49K
SUPPORT FOR TUTORING PROGRAMS
2021
$40K
GENERAL OPERATIONAL SUPPORT
2021
$2K
General support of the organization
2021
$1K
General Charitable and Educational
2021
$150
VARIOUS
2021
$693K
GENERAL OPERATIONAL SUPPORT
2020
$20K
GENERAL - OPERATING
2020
$15K
GENERAL
2020
$1K
PROGRAM RELATED
2020
$500
General Charitable and Educational
2020
$17K
GENERAL OPERATIONAL SUPPORT
2019
$6K
GENERAL OPERATIONAL SUPPORT
2018
$5K
GENERAL OPERATIONAL SUPPORT
2018
$3K
GENERAL OPERATIONAL SUPPORT
2018
$3K
GENERAL OPERATIONAL SUPPORT
2018
$1K
GENERAL OPERATIONAL SUPPORT
2018
$1K
GENERAL OPERATIONAL SUPPORT
2018
$1K
GENERAL OPERATIONAL SUPPORT
2018
$500
GENERAL OPERATIONAL SUPPORT
2018
$250
GENERAL OPERATIONAL SUPPORT
2018
$200
GENERAL OPERATIONAL SUPPORT
2018
$100
GENERAL OPERATIONAL SUPPORT
2018
$10K
PROGRAM SUPPORT
2017

Funded by

$1.7M from 22 funders · 53 grants · 2017–2024

Community Foundation

$862K · 17 grants · 2018–2024

Memphis Education Fund Inc

$381K · 1 grant · 2024

Crews Family Foundation

$80K · 4 grants · 2020–2024

Jr Hyde Iii Family Foundation

$50K · 1 grant · 2022

Bill And Crissy Haslam Foundation

$49K · 1 grant · 2021

Goodlett Foundation

$45K · 3 grants · 2022–2024

Peyback Foundation Inc

$35K · 3 grants · 2020–2023

Details

EIN202069907
NTEE codeB90
Subsection03
Ruling date2005-12
Formed2005
Employees612
Volunteers11
THE PEER POWER FOUNDATION INC — Mission, Financials & Grants Received | Grantivo