THE PEER POWER FOUNDATION INC

Financials

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

Address and contacts

Address (IRS master file)

850 RIDGE LAKE BLVD, MEMPHIS, TN 38120-9419

Principal officer (990 for 2024)

CORTNEY RICHARDSON, 850 RIDGE LAKE BLVD 1, MEMPHIS, TN 38120

Signed the 990

CORTNEY RICHARDSON, CEO

Phone

(901) 761-8463

Website

PEERPOWERFOUNDATION.ORG

Return prepared by

CBIZ ADVISORS LLC

Mission

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.

Program 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 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 FY25, WE PROVIDED:- 49,470 HOURS OF TUTORING AND MENTORING SERVICES- DIRECT SUPPORT TO 3,860 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 FY25, THE PROGRAM SERVED 300 STUDENTS 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 FY25, THE PROGRAM SERVED 185 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.
  Expenses $2,641,039 · grants $2,982 · revenue $371,701
• 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 SECOND YEAR, THE PROGRAM ACHIEVED REMARKABLE MEASURABLE OUTCOMES ACROSS THREE COHORTS TOTALING 55 PARTICIPANTS.(CONTINUED ON SCHEDULE O)COHORT 3 (2025 - 14 PARTICIPANTS):- 100% HIGH SCHOOL GRADUATION- 100% RECEIVED TWO IMPACT CREDENTIALS FROM MOORE TECH- 100% GAINED ADMISSION INTO APPRENTICESHIP PROGRAMS- 100% COMPLETED 8 HOURS OF THERAPY- 100% ENROLLED IN TECHNICAL PROGRAMS AT MOORE TECHTHE 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 FY25, THE PROGRAM ACHIEVED SIGNIFICANT MEASURABLE OUTCOMES:- ENROLLED AND PROVIDED JOB READINESS TRAINING TO 520 YOUTH PARTICIPANTS- SUCCESSFULLY PLACED 195 PARTICIPANTS IN DIRECT EMPLOYMENT OPPORTUNITIES WITH PEER POWER- FACILITATED PERMANENT JOB PLACEMENTS FOR 167 PARTICIPANTS POST-PROGRAM- GENERATED $1,894,400 IN EMPLOYER WAGE SAVINGS THROUGH STRATEGIC PARTNERSHIPS- ESTABLISHED PARTNERSHIPS WITH 71 MEMPHIS BUSINESSES ACROSS DIVERSE INDUSTRIESTHE PROGRAM'S OBJECTIVE IS TO CREATE SUSTAINABLE CAREER PATHWAYS FOR UNDERSERVED YOUTH, WITH 59% 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 $583,664
• LEARNING CAMPS: PEER POWER LEARNING CAMPS PROVIDE CONTINUOUS ACADEMIC SUPPORT DURING SCHOOL BREAKS (SUMMER, FALL, AND SPRING) FOR MEMPHIS-SHELBY COUNTY STUDENTS. IN FY25, 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 $6,227

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

IRS record

EIN

20-2069907

Tax-exempt status

501(c)(3): Charitable, religious, educational or scientific organization

Foundation status

Publicly supported organization (170(b)(1)(A)(vi))

Donations deductible (Pub 78)

Public charity, 50% deduction limit

Exempt since

2005

Accounting year ends

June

Files

Form 990 or 990-EZ

Category (NTEE)

Education (B90)

Assets (IRS master file)

$1,288,368

Income (IRS master file)

$3,697,648

Filing history

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2069907).

Questions about THE PEER POWER FOUNDATION INC

What is the EIN of THE PEER POWER FOUNDATION INC?

The employer identification number (EIN) of THE PEER POWER FOUNDATION INC is 20-2069907.

Is THE PEER POWER FOUNDATION INC tax-exempt?

Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.

Are donations to THE PEER POWER FOUNDATION INC tax-deductible?

Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).

Which annual return does THE PEER POWER FOUNDATION INC file?

Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.

When is the next return of THE PEER POWER FOUNDATION INC due?

The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.

When did THE PEER POWER FOUNDATION INC last file with the IRS?

The latest return in the IRS public files is the 990 for the year ended June 2025.

Who is the principal officer of THE PEER POWER FOUNDATION INC?

The 990 for the year ended June 30, 2025 names CORTNEY RICHARDSON.

Who are the officers and directors of THE PEER POWER FOUNDATION INC?

The 990 for the year ended June 30, 2025 lists 13 people; 2 received compensation from the organization, the highest $167,308 (CORTNEY RICHARDSON, CEO).

How much revenue does THE PEER POWER FOUNDATION INC have?

On its 990 for the year ended June 30, 2025 it reported revenue of $3,668,365, expenses of $3,864,891 and total assets of $1,288,368 at year end.

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