Civic Intelligence

Thrive Public Schools

990 • Fiscal year 2022 • EIN 46-3302948

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 24, 2022

P O Box 7935San Diego, CA 92167

(310) 883-3667

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

2nd percentile

-265%

Higher net margin than 2% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

7th percentile

-30%

Faster asset growth than 7% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

2nd percentile

-86%

Faster revenue growth than 2% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Flat

$541,615

Flat from 2022

Net Assets

Flat

$541,615

Flat from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Flat

$86,133

Flat from 2022

Expenses

Flat

$314,318

Flat from 2022

Net Income

Flat

-$228,185

Flat from 2022

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2015: $589,022Liabilities 2015: $302,110Net Assets 2015: $286,9122015Assets 2016: $1,113,462Liabilities 2016: $496,612Net Assets 2016: $616,8502016Assets 2017: $1,476,804Liabilities 2017: $433,384Net Assets 2017: $1,043,4202017Assets 2018: $14,894,267Liabilities 2018: $13,709,184Net Assets 2018: $1,185,0832018Assets 2019: $1,923,161Liabilities 2019: $502,765Net Assets 2019: $1,420,3962019Assets 2020: $763,923Liabilities 2020: $25,214Net Assets 2020: $738,7092020Assets 2022: $541,615Liabilities 2022: $0Net Assets 2022: $541,6152022Assets 2022: $541,615Liabilities 2022: $0Net Assets 2022: $541,6152022Assets 2023: $702,695Liabilities 2023: $0Net Assets 2023: $702,6952023Assets 2024: $768,317Liabilities 2024: $913Net Assets 2024: $767,4042024Assets 2025: $864,466Liabilities 2025: $2,928Net Assets 2025: $861,5382025

Highlighted filing

2022

Assets$541,615
Liabilities$0
Net Assets$541,615

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2015: $1,329,341Expenses 2015: $1,281,983Net Income 2015: $47,3582015Revenue 2016: $2,415,677Expenses 2016: $2,085,739Net Income 2016: $329,9382016Revenue 2017: $4,903,907Expenses 2017: $4,477,337Net Income 2017: $426,5702017Revenue 2018: $7,619,928Expenses 2018: $7,477,744Net Income 2018: $142,1842018Revenue 2019: $11,235,510Expenses 2019: $10,939,632Net Income 2019: $295,8782019Revenue 2020: $1,527,132Expenses 2020: $973,503Net Income 2020: $553,6292020Revenue 2022: $86,133Expenses 2022: $314,318Net Income 2022: -$228,1852022Revenue 2022: $86,133Expenses 2022: $314,318Net Income 2022: -$228,1852022Revenue 2023: $543,004Expenses 2023: $553,719Net Income 2023: -$10,7152023Revenue 2024: $952,282Expenses 2024: $887,573Net Income 2024: $64,7092024Revenue 2025: $1,377,495Expenses 2025: $1,269,367Net Income 2025: $108,1282025

Highlighted filing

2022

Revenue$86,133
Expenses$314,318
Net Income-$228,185
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 24, 2022
Return Version
2021v4.2
Gross Receipts
$86,133
Mission and Program Overview

Mission

Thrive public schools mission is to innovate, adapt and expand the concept of a 21st century school by leveraging technology and collaboration to provide a rigorous and highly individualized tk/k-12 academic program for diverse students in central san diego. The foundation of our program is the concept of aristotle's phronesis: it is not enough to have knowledge we must know what to do in context and with thoughtful deliberation. Thrive is a new paradigm for public education that engages learners and personalizes learning to help all students be college-prepared, career-inspired and community-minded.

Our mission is to innovate, adapt and expand the concept of a 21st century school by leveraging technology and collaboration to provide a highly individualized education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$770,081$539,983▼ $230,098
Prepaid Expenses and Deferred Charges-$1,632-
Total Assets$770,081$541,615▼ $228,466
Liabilities
Accounts Payable and Accrued Expenses$281--
Total Liabilities$281$0▼ $281
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$769,793$541,615▼ $228,178
Net Assets With Donor Restrictions$7--
Total Net Assets Fund Balance$769,800$541,615▼ $228,185
Total Liabilities and Net Assets / Fund Balance$770,081$541,615▼ $228,466
Compensation and Service Providers

Board Members and Trustees

NameTitle
Donna ElderPresident
Ben BoyceDirector
Jacquie FurtadoDirector
Kerry FlanaganDirector
Shelli K KurthDirector
Thomas DavisDirector
Nicole AssisiCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$28
Program Service Revenue
$86,105
Investment Income
$0
Other Revenue
$0
All Other Contributions
$28
Change in Net Assets
$-228,185
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$267,825
Other Expenses$46,493
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$267,825--$267,825
Fees for Services Other$17,554--$17,554
Travel$11,647--$11,647
Advertising$4,076--$4,076
Occupancy$3,747--$3,747
Office Expenses$2,695--$2,695
Other Expenses$1,500--$1,500
Insurance$-1,764--$-1,764
Total Functional Expenses$314,318$0$0$314,318
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
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 governing body review Part VI line 11

The form 990 is reviewed by management and provided to the board before being filed.

Conflict of interest policy compliance Part VI line 12C

Members of the board of directors are required to fill out form 700 with the county of san diego, and the county monitors them for conflict of interest.

CEO executive director top management comp Part VI line 15A

Comparative data of salaries for the same job titles is compiled and presented to the board of directors. This data is reviewed and discussed, along with relevant cola information andcomparison/contrast with job duties and contracted days in order to ensure compensation is competitive and fair.

Other officer or key employee compensation Part VI line 15B

Comparative data of salaries of same job titles is compiled and presented to the board of directors. This data is then reviewed and discussed, along with relevant cola information and comparison/contrast with job duties and contracted days in order to ensure compensation iscompetitive and fair.

Governing documents etc available to public Part VI line 19

Documents are available from the school upon request.

Filing and Contact Details

Filer

Filer Name
Thrive Public School
EIN
46-3302948
Address
P O BOX 7935, San Diego, CA 92167

Signing Officer

Name
Nicole Assisi
Title
CEO
Phone
6198395678
Signed
2022-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicole Assisi
Formed
2013
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
5

Preparer

Firm
Etta Keeler Tax Consultant
Address
720 Camino De La Reina 110, San Diego, CA 92108
Preparer
Etta M Keeler
Phone
8582540137
Supplemental Narrative

Additional Explanations

Cessation of or significant change to any program service Part III line 3

The corporation ceased operation of its public charter schools in 2019.

Explanation of other changes in net assets or fund balances Part XI line 9

There was a change in the net assets and fund balance due to the amount of monies received from grants receivable, thus lowering the amount of accounts receivable on june 30, 2020, significantly. Also, the organization no longer is carrying improvement of sites as a fixed asset.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY MANAGEMENT AND PROVIDED TO THE BOARD BEFORE BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO FILL OUT FORM 700 WITH THE COUNTY OF SAN DIEGO, AND THE COUNTY MONITORS THEM FOR CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPARATIVE DATA OF SALARIES FOR THE SAME JOB TITLES IS COMPILED AND PRESENTED TO THE BOARD OF DIRECTORS. THIS DATA IS REVIEWED AND DISCUSSED, ALONG WITH RELEVANT COLA INFORMATION ANDCOMPARISON/CONTRAST WITH JOB DUTIES AND CONTRACTED DAYS IN ORDER TO ENSURE COMPENSATION IS COMPETITIVE AND FAIR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPARATIVE DATA OF SALARIES OF SAME JOB TITLES IS COMPILED AND PRESENTED TO THE BOARD OF DIRECTORS. THIS DATA IS THEN REVIEWED AND DISCUSSED, ALONG WITH RELEVANT COLA INFORMATION AND COMPARISON/CONTRAST WITH JOB DUTIES AND CONTRACTED DAYS IN ORDER TO ENSURE COMPENSATION ISCOMPETITIVE AND FAIR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE FROM THE SCHOOL UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CORPORATION CEASED OPERATION OF ITS PUBLIC CHARTER SCHOOLS IN 2019.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE WAS A CHANGE IN THE NET ASSETS AND FUND BALANCE DUE TO THE AMOUNT OF MONIES RECEIVED FROM GRANTS RECEIVABLE, THUS LOWERING THE AMOUNT OF ACCOUNTS RECEIVABLE ON JUNE 30, 2020, SIGNIFICANTLY. ALSO, THE ORGANIZATION NO LONGER IS CARRYING IMPROVEMENT OF SITES AS A FIXED ASSET.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Cessation of or significant change to any program service Part III line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Etta Keeler Tax Consultant
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0720 Camino De La Reina 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Diego
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
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ReturnHeader/PreparerPersonGrp/PhoneNum08582540137
ReturnHeader/PreparerPersonGrp/PreparationDt02022-10-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Etta M Keeler
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ReturnHeader/ReturnTs02022-10-24T18:41:57-04:00
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ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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