Civic Intelligence

Thrive New Orleans

990 • Fiscal year 2018 • EIN 26-1824498

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

2025 St Claude AvenueNew Orleans, LA 70116

(504) 940-5771

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

1.06x

Higher debt load relative to assets than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

1.93x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

15th percentile

-18%

Higher net margin than 15% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

88th percentile

36%

Faster asset growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

90th percentile

62%

Faster revenue growth than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,649,924

Up $432,896 (+36%) from 2017

Net Assets

Down

-$106,637

Down $156,022 (-316%) from 2017

Liabilities

Up

$1,756,561

Up $588,918 (+50%) from 2017

Revenue

Up

$910,321

Up $349,669 (+62%) from 2017

Expenses

Up

$1,071,840

Up $491,169 (+85%) from 2017

Net Income

Down

-$161,519

Down $141,500 (-707%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $267,233Liabilities 2010: $234,583Net Assets 2010: $32,6502010Assets 2011: $144,749Liabilities 2011: $152,685Net Assets 2011: -$7,9362011Assets 2012: $127,786Liabilities 2012: $112,623Net Assets 2012: $15,1632012Assets 2013: $81,253Liabilities 2013: $98,040Net Assets 2013: -$16,7872013Assets 2014: $90,012Liabilities 2014: $56,839Net Assets 2014: $33,1732014Assets 2015: $382,411Liabilities 2015: $337,927Net Assets 2015: $44,4842015Assets 2016: $597,993Liabilities 2016: $513,443Net Assets 2016: $84,5502016Assets 2017: $1,217,028Liabilities 2017: $1,167,643Net Assets 2017: $49,3852017Assets 2018: $1,649,924Liabilities 2018: $1,756,561Net Assets 2018: -$106,6372018Assets 2019: $1,585,170Liabilities 2019: $1,812,939Net Assets 2019: -$227,7692019Assets 2020: $2,180,560Liabilities 2020: $2,399,318Net Assets 2020: -$218,7582020Assets 2021: $3,052,253Liabilities 2021: $2,142,466Net Assets 2021: $909,7872021Assets 2022: $2,648,610Liabilities 2022: $2,096,190Net Assets 2022: $552,4202022Assets 2024: $2,116,689Liabilities 2024: $2,121,243Net Assets 2024: -$4,5542024

Highlighted filing

2018

Assets$1,649,924
Liabilities$1,756,561
Net Assets-$106,637

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $9,5182010Expenses 2011: $51,2692011Expenses 2012: $29,4112012Revenue 2013: $34,559Expenses 2013: $34,018Net Income 2013: $5412013Revenue 2014: $209,178Expenses 2014: $159,318Net Income 2014: $49,8602014Revenue 2015: $357,539Expenses 2015: $346,228Net Income 2015: $11,3112015Revenue 2016: $457,794Expenses 2016: $417,728Net Income 2016: $40,0662016Revenue 2017: $560,652Expenses 2017: $580,671Net Income 2017: -$20,0192017Revenue 2018: $910,321Expenses 2018: $1,071,840Net Income 2018: -$161,5192018Revenue 2019: $914,181Expenses 2019: $1,232,375Net Income 2019: -$318,1942019Revenue 2020: $1,106,892Expenses 2020: $1,242,140Net Income 2020: -$135,2482020Revenue 2021: $3,021,176Expenses 2021: $1,892,631Net Income 2021: $1,128,5452021Revenue 2022: $2,931,591Expenses 2022: $3,288,958Net Income 2022: -$357,3672022Revenue 2024: $3,027,032Expenses 2024: $3,364,299Net Income 2024: -$337,2672024

Highlighted filing

2018

Revenue$910,321
Expenses$1,071,840
Net Income-$161,519
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$1,157,448
Mission and Program Overview

Mission

Our vision is to see individuals empowered to change their lives, families and community. Our mission is to serve as a catalyst to help lift people out of material and asset poverty and wholistically restore our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$931,722$1,549,193▲ $617,471
Inventories for Sale or Use$58,381$51,123▼ $7,258
Pledges and Grants Receivable$37,500--
Cash and Non-Interest-Bearing Accounts$159,421$35,350▼ $124,071
Accounts Receivable$3,050$10,394▲ $7,344
Prepaid Expenses and Deferred Charges$6,525$1,864▼ $4,661
Total Assets$1,217,028$1,649,924▲ $432,896
Other Assets Total$20,429$2,000▼ $18,429
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,044,182$1,614,718▲ $570,536
Accounts Payable and Accrued Expenses$79,800$128,718▲ $48,918
Unsecured Notes Loans Payable$38,486--
Other Liabilities$5,175$13,125▲ $7,950
Total Liabilities$1,167,643$1,756,561▲ $588,918
Net Assets / Fund Balance
Temporarily Rstr Net Assets$79,879--
Unrestricted Net Assets$-30,494$-106,637▼ $76,143
Total Net Assets Fund Balance$49,385$-106,637▼ $156,022
Total Liabilities and Net Assets / Fund Balance$1,217,028$1,649,924▲ $432,896

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,348,805$79,699$1,428,504
Land$134,987-$134,987
Other Land Buildings$64,330-$64,330
Equipment$1,071$15,181$16,252
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rev Jb WatkinsBoard Chair
Gentri WilliamsVice Chair
James BoringBoard Member
Clarence MorseExec. Direct
Ben McleishExecutive Di
Kristen HouseSecretary
Toni DixonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$744,096
Program Service Revenue
$157,484
Investment Income
$23,473
Other Revenue
$-14,732
All Other Contributions
$744,096
Change in Net Assets
$-161,519

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$222,991
Total Noncash Contributions1$222,991

Audited Revenue Reconciliation

Revenue per Audited Statements
$910,321
Revenue Not Reported on Form 990
$128,086
Total Revenue per Audited Statements
$1,038,407
Total Revenue per Form 990
$910,321
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$556,489
Salaries, Compensation, and Employee Benefits$515,351
Total Fundraising Expense$44,092
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$377,968$73,415$25,347$476,730
Interest$74,047$629-$74,676
Depreciation Depletion$47,025$6,659-$53,684
Occupancy$28,462$18,665$6,444$53,571
All Other Expenses$45,631$4,316-$49,947
Insurance$36,205$13,724-$49,929
Payroll Taxes$31,070$5,613$1,938$38,621
Other Expenses$16,643$1,334$10,275$17,977
Conferences and Meetings$4,996$6,419-$11,415
Information Technology$7,241$293-$7,534
Advertising$4,941$91$88$5,120
Office Expenses$330$167-$497
Total Functional Expenses$848,109$179,639$44,092$1,071,840

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,194,429
Expenses per Audited Statements$1,071,840
Total Expenses per Form 990$1,071,840
Expenses Not Reported on Form 990$122,589
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$13,125
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 will be provided to the organization's governing body for review before it is filed.

Form 990, Page 6, Part VI, Line 12C

The organization does monitor compliance with its conflict of interest policy and any discrepancies would be addressed and corrected as necessary.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, policies and financial statements available to the general public upon request.

Filing and Contact Details

Filer

Filer Name
Thrive New Orleans
EIN
26-1824498
Phone
5049405771
Address
2025 ST CLAUDE AVENUE, NEW ORLEANS, LA 70116

Signing Officer

Name
Ben Mcleish
Title
Executive Director
Phone
5049405771
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ben Mcleish
Formed
2008
Legal Domicile
La
Voting Board Members
7
Independent Board Members
5
Employees
22

Preparer

Firm
Bruno & Tervalon Llp Cpas
Address
4298 ELYSIAN FIELDS AVE, NEW ORLEANS, LA 70122
Preparer
Waldo J Moret Jr
Phone
5042848733
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IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY SERVICES - PROVIDE FINANCIAL LITERACY, JOB TRAINING CLASSES AND ENTREPRENEURSHIP TRAINING. PROVIDE 185 HOURS OF SMALL BUSINESS TRAINING FOR UNDERSERVED URBAN ENTREPRENEURS THROUGH LAUNCH NOLA PROGRAM. PROVIDE SUMMER INTERNSHIP FOR 3 PARTICIPANTS THROUGH LEADERSHIP DEVELOPMENT PROGRAM.
IRS990/ProgSrvcAccomActy3Grp/Desc0THRIFT STORE - PROVIDE JOB TRAINING AND EMPLOYMENT FOR 16 YOUNG ADULTS AT RESTORATION THRIFT STORE. THE THRIFT STORE OPERATED WITH INVENTORY DONATED FROM THE COMMUNITY. IN 2017 THESE DONATED ITEMS FROM THE COMMUNITY WERE VALUED AT 167,958. THE THRIFT STORE REPORTED GROSS SALES OF THESE ITEMS FROM THE COMMUNITY OF 153,978.
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IRS990/PYTotalRevenueAmt0560652
IRS990/ReconcilationRevenueExpnssAmt0-161519
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IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt051300
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt055900
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0358300
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0-3,261
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0292874
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0204325
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt031336
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0112354
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0821306
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IRS990ScheduleA/PublicSupportPY509Pct00.71290
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt055900
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
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IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 WILL BE PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES MONITOR COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY AND ANY DISCREPANCIES WOULD BE ADDRESSED AND CORRECTED AS NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt079879
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01217028
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IRS990/TotalAssetsGrp/BOYAmt01217028
IRS990/TotalAssetsGrp/EOYAmt01649924
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0744096
IRS990/TotalEmployeeCnt022
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt044092
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0179639
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0848109
IRS990/TotalFunctionalExpensesGrp/TotalAmt01071840
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01167643
IRS990/TotalLiabilitiesEOYAmt01756561
IRS990/TotalLiabilitiesGrp/BOYAmt01167643
IRS990/TotalLiabilitiesGrp/EOYAmt01756561
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt049385

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.12$2.12$0.00$3.03$3.36$0.34
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$2.10$0.55$2.93$3.29$0.36
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$2.14$0.91$3.02$1.89$1.13
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.18$2.40$0.22$1.11$1.24$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$1.81$0.23$0.91$1.23$0.32
2018Detailed filing. Detailed filing data is available for this year.$1.65$1.76$0.11$0.91$1.07$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$1.17$0.05$0.56$0.58$0.02
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.51$0.08$0.46$0.42$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.38$0.34$0.04$0.36$0.35$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.09$0.06$0.03$0.21$0.16$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.08$0.10$0.02$0.03$0.03$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.11$0.02$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.15$0.01$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.23$0.03$0.01
Peer Organizations

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