The Peer Power Foundation Inc

“The executive committee of the foundation is comprised of the chair, the vice-chair, the president, the secretary, the treasurer and executive director. The executive committee shall have and exercise all authority of the board of directors in the management of the foundation except as otherwise required by law. The executive committee keeps regular minutes of its proceedings and reports same to the board.”

“Board members katherine kaelin and dow mcvean have family and business relationships.”

“Form 990 is reviewed and approved by the executive committee prior to filing with the irs.”

“Each director, principal officer and member of a committee with governing board-delegated powers annually signs a statement, which affirms such person has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands the foundation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. In connection with any possible or actual conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/ she shall leave the governing board or committee while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.”

“The executive committee determines and approves the ceo's and the executive director's compensation. The ceo approves all other officers and employees' compensation. A compensation study is regularly performed during budget season. The last study was completed in march 2024.”

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Earn and learn: peer power's earn and learn program creates sustainable career pathways for memphis youth ages 14-24 through comprehensive workforce development. Participants receive intensive job readiness training while earning wages through hands-on work experience. Through strategic business partnerships, the program prepares students from low-income backgrounds for in-demand careers, combining essential workplace skills training with real-world employment opportunities. See form 990, part iii, line 4b.”

“The foundation has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from prior year.”