Overview
What is The Peer Power Foundation Inc?
The Peer Power Foundation Inc, based in Memphis, Tennessee, is a dedicated nonprofit organization that invests in the education of high school and college students from economically challenged neighborhoods. They recruit, train, and deploy college "Success Coaches" into classrooms, providing real-time assistance in math, science, and English subjects. These coaches aim to help students who often struggle in these areas, preventing them from becoming problematic and dropping out of school. The Foundation's initiatives, such as Saturday ACT prep programs and college orientation courses, have shown significant success, with an 84% graduation rate for their coaches, significantly higher than the national average for first-generation college students. The Foundation's mission is to tutor and mentor students to become successful in academics, society, and productive employable citizens. During the COVID-19 pandemic, the Foundation demonstrated resilience, transitioning their services to virtual platforms while continuing to support teachers and students. Their comprehensive programs, including in-class, after-school, small group, and summer camps, have proven effective in helping students from elementary school through college. With a workforce of 291 individuals, The Peer Power Foundation Inc is committed to making a positive impact in the lives of underprivileged students.
Official website here: www.peerpowerfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 92% (Four-Star out of Four Star rating)
The Peer Power Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating strong organizational performance and accountability. With a high score of 92% in Accountability & Finance and 94% in Culture & Community, the organization demonstrates effective governance practices and a commitment to transparency. Notably, the board consists entirely of independent members, which enhances its objectivity and oversight capabilities.
Financially, the organization showcases a solid Program Expense Ratio of 69.84%, ensuring that a significant portion of its resources directly supports its programs. The absence of any material diversion of assets and a favorable liabilities-to-assets ratio further underline its fiscal health. Additionally, constituent feedback mechanisms are robust, with a perfect score in feedback collection and usage, reflecting the foundation's dedication to engaging with and responding to the community it serves.
However, there is a noted limitation in the absence of a whistleblower policy, which could raise concerns about internal reporting and accountability. Despite this, the overall strengths in transparency, independent governance, and community engagement suggest that The Peer Power Foundation Inc is a well-managed nonprofit, making a positive impact in its area of focus.
This AI summary has been generated from information found on Charity Navigator.
Is The Peer Power Foundation Inc legitimate?
The Peer Power Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Peer Power Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $323,287
Professional Fundraising Fees: $9,912
Other Salaries and Wages: $2,870,499
For more financial information, click here
Official website here: www.peerpowerfoundation.org
What is the mission statement of The Peer Power Foundation Inc?
The Peer Power Foundation's mission is centered around empowering students in economically challenged areas. They achieve this by hiring, training, and deploying college students as tutors and mentors in high schools. These college success coaches work in key subjects like English, math, and science, reducing the student-teacher ratio and providing personalized help. This approach leads to improved academic performance, with schools seeing an 8-10% higher graduation rate. The foundation prioritizes serving students from low-income families and has made significant impacts, tutoring over 1.6 million hours and impacting over 35,000 children since 2004. During the COVID-19 pandemic, the foundation demonstrated resourcefulness by transitioning its programs online, ensuring continuous support for teachers and students.
Official website here: www.peerpowerfoundation.org
Who is the CEO of The Peer Power Foundation Inc?
Cortney Richardson is the CEO of The Peer Power Foundation Inc The CEO's salary of The Peer Power Foundation Inc is $150,609 and their total compensation is $157,250.
Official website here: www.peerpowerfoundation.org
What is the revenue of The Peer Power Foundation Inc?
The Peer Power Foundation Inc's revenue in 2024 was $4,038,380.
Official website here: www.peerpowerfoundation.org
Who are the executives of The Peer Power Foundation Inc and what are their salaries?
The average compensation at The Peer Power Foundation Inc during 2024 was $5,219. There are 612 employees and 11 volunteers at The Peer Power Foundation Inc.
Here are 14 key members and their salaries (The Peer Power Foundation Inc's CEO's salary is $150,609 and their total compensation is $157,250):
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- Compensation: $150,609
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- Compensation: $124,083
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Official website here: www.peerpowerfoundation.org
Where can I find the form 990 for The Peer Power Foundation Inc?
The Peer Power Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.peerpowerfoundation.org
Learn more at the official website: www.peerpowerfoundation.org
Mission Statement of The Peer Power Foundation Inc
The Peer Power Foundation Inc, an organization dedicated to uplifting students, embarks on its mission by hiring, training, and deploying college students as tutors and mentors into economically challenged high schools. These college success coaches work in math, science, and English classes, providing real-time assistance to students. This model significantly reduces the teacher-student ratio, offering personal help to students in key subject areas. By doing so, schools with Peer Power success coaches experience higher graduation rates, often up to 8-10%.
The Peer Power Foundation's mission is rooted in a commitment to serve mid-south high school and college students, primarily those from families living at or below the federal poverty level. The foundation's approach is holistic, partnering with teachers, schools, and parents to mentor, model, and motivate vulnerable children in economically challenged neighborhoods. The success coaches, often first-generation college students, undergo rigorous training and continue learning through the foundation's eLearning model, producing outstanding results. The graduation rate for these coaches is 84%, far exceeding the national average for first-generation college students.
Since its inception in 2004, The Peer Power Foundation has worked tirelessly, impacting over 35,000 children by providing more than 1.6 million hours of tutoring. The foundation's programs extend beyond the classroom, including after-school tutoring, small group sessions, SAT preparation courses, and summer camps. Despite the challenges posed by the COVID-19 pandemic, the Peer Power Foundation continued its mission, transitioning its programs to virtual platforms to support teachers and students. Through these efforts, the foundation has remained committed to serving more students, teachers, principals, and schools in the future.
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Impact
August, 2024
The Peer Power Foundation Inc directly invests in high school and college students, providing them with college "success coaches" who help them succeed in academics, society, and become productive employable citizens. Since 2004, the foundation has tutored over 1,600,000 hours, impacting 35,000 children, with a particular focus on those from families at or below the federal poverty level. The success coaches, many of whom are first-generation college students, have an 84% graduation rate, significantly higher than the national average for first-generation college students.
During the COVID-19 pandemic, Peer Power Foundation adapted its programs to continue supporting students and teachers, transitioning to virtual platforms. By retaining all coaches and providing individual support, they were able to enroll 611 students in virtual SAT preparation courses, helping them develop skills, study habits, and earn college scholarships.
Through partnerships with schools, teachers, and parents, Peer Power Foundation's programs target students from elementary school through college, offering in-class, after-school, small group, Saturday ACT, and summer camp programs. Despite the challenges of COVID-19, the foundation remained steadfast in its mission to mentor, model, and motivate young and vulnerable children in socioeconomically challenged neighborhoods.
This information is meant to be a general summary of The Peer Power Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $13,953
- Program Service Revenue: $1,783,518
- Gross Receipts: $4,038,380
Assets and Liabilities:
- Total Assets: $1,264,233
- Total Liabilities: $197,865
- Net Assets: $1,066,368
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TEACHING & TUTORING
Revenue
$1,783,518
Organization Details
Founding Year
2005
Principal Officer
Cortney Richardson
Website
www.peerpowerfoundation.orgNTEE Category
Code: B90 - Education
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