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Nonprofiteer
← THE PEER POWER FOUNDATION INC

Form 990 for tax year 2023

Filed by THE PEER POWER FOUNDATION INC.

Totals

Total revenue
$4,038,380
Total expenses
$4,411,986
Contributions and grants received
$2,240,909
Grants paid
$17,075
Program services expenses (Part IX)
$3,780,854
Management and general expenses
$394,908
Fundraising expenses
$236,224
Program service expenses (Part III)
$3,780,854

Program services were 85.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KATHERINE KAELIN

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DOW MCVEAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JIM BARTON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • THOMAS NENON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LANCE COWLES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANNE FREEMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • D JOHN JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSH LACKIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN PLUNKETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REGINALD PORTER JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIEL WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CORTNEY RICHARDSON

    CEO

    Total calculated
    $157,250
    From this org
    $150,609
    From related orgs
    $0
    Other
    $6,641
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,984
    Bonus
    $14,625
    Other
    $0
    Deferred
    $619
    Nontaxable benefits
    $6,022
    Filer's total
    $157,250

  • WILLIAM SEHNERT

    EXECUTIVE DIRECTOR

    Total calculated
    $160,509
    From this org
    $159,604
    From related orgs
    $0
    Other
    $905
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,604
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $905
    Filer's total
    $160,509

  • MALCOM RAWLS

    COO (THRU 1/3/2024)

    Total calculated
    $134,217
    From this org
    $124,083
    From related orgs
    $0
    Other
    $10,134
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
PERIODIC PAY BONUSES ARE NOT GUARANTEED TO EMPLOYEES AND ARE AT THE DISCRETION OF MANAGEMENT. IF PAID, BONUSES ARE BASED ON INDIVIDUAL PERFORMANCE AND THE FOUNDATION BUDGET. BONUSES ARE MEANT TO INCENTIVIZE EMPLOYEES TO EXCEED EXPECTATIONS AND CONSTANTLY PERFORM TO THE BEST OF THEIR ABILITIES AND TO ENSURE THAT FOUNDATION STAYS COMPETITIVE IN ITS MARKET.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
21 March 2025
IRS schema version
2023v6.0
Source object
202540819349300804

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