Civic Intelligence

Thrive Public Schools

990 • Fiscal year 2024 • EIN 46-3302948

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 16, 2024

P O Box 7935San Diego, CA 92167

(619) 997-7919

Siviq Scores

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

Liabilities / Assets

37th percentile

0.00x

Higher debt load relative to assets than 37% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

36th percentile

0.00x

Higher debt load relative to revenue than 36% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

54th percentile

6.8%

Higher net margin than 54% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

62nd percentile

9.3%

Faster asset growth than 62% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

87th percentile

75%

Faster revenue growth than 87% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Flat

$768,317

Flat from 2024

Net Assets

Flat

$767,404

Flat from 2024

Liabilities

Flat

$913

Flat from 2024

Revenue

Flat

$952,282

Flat from 2024

Expenses

Flat

$887,573

Flat from 2024

Net Income

Flat

$64,709

Flat from 2024

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 2023: $702,695Liabilities 2023: $0Net Assets 2023: $702,6952023Assets 2024: $768,317Liabilities 2024: $913Net Assets 2024: $767,4042024Assets 2024: $768,317Liabilities 2024: $913Net Assets 2024: $767,4042024Assets 2025: $864,466Liabilities 2025: $2,928Net Assets 2025: $861,5382025

Highlighted filing

2024

Assets$768,317
Liabilities$913
Net Assets$767,404

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 2023: $543,004Expenses 2023: $553,719Net Income 2023: -$10,7152023Revenue 2024: $952,282Expenses 2024: $887,573Net Income 2024: $64,7092024Revenue 2024: $952,282Expenses 2024: $887,573Net Income 2024: $64,7092024Revenue 2025: $1,377,495Expenses 2025: $1,269,367Net Income 2025: $108,1282025

Highlighted filing

2024

Revenue$952,282
Expenses$887,573
Net Income$64,709
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 16, 2024
Return Version
2023v5.1
Gross Receipts
$952,282
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$672,153$498,160▼ $173,993
Savings and Temporary Cash Investments$21,910$256,157▲ $234,247
Accounts Receivable-$14,000-
Pledges and Grants Receivable$7,000--
Prepaid Expenses and Deferred Charges$1,632--
Total Assets$702,695$768,317▲ $65,622
Liabilities
Accounts Payable and Accrued Expenses-$913-
Total Liabilities$0$913▲ $913
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$702,695$767,404▲ $64,709
Total Net Assets Fund Balance$702,695$767,404▲ $64,709
Total Liabilities and Net Assets / Fund Balance$702,695$768,317▲ $65,622
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
$64,738
Program Service Revenue
$881,387
Investment Income
$6,157
Other Revenue
$0
All Other Contributions
$7
Change in Net Assets
$64,709
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$606,065
Other Expenses$281,508
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$587,756--$587,756
Fees for Services Other$37,702--$37,702
Other Employee Benefits$18,309--$18,309
Travel$10,572--$10,572
Conferences and Meetings$10,077--$10,077
Fees for Services Legal-$8,320-$8,320
Other Expenses$6,769$8,640-$6,769
Information Technology$5,783--$5,783
Insurance$4,140--$4,140
Office Expenses-$2,992-$2,992
All Other Expenses$1,295--$1,295
Occupancy$495--$495
Advertising-$292-$292
Total Functional Expenses$867,329$20,244$0$887,573
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
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

The board of directors adopted a new conflict of interest policy and due to changes in funding requirements, members are no longer required to file form 700 with the county of san diego.

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 and comparison/contrast with job duties and contracted days in order to insure 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
William Frye
Title
Director of Ope
Phone
6199977919
Signed
2024-10-16
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
5
Volunteers
5

Preparer

Firm
Etta M 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 fund balance owing to the organization receiving payment of outstanding accounts receivablefrom previous years.

List of other fees for services expenses Part IX line 11G

The amount of $167,684 was paid to outside consultants to assist the ceo and other staff with delivering program services.

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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/ExplanationTxt1THE BOARD OF DIRECTORS ADOPTED A NEW CONFLICT OF INTEREST POLICY AND DUE TO CHANGES IN FUNDING REQUIREMENTS, MEMBERS ARE NO LONGER REQUIRED TO FILE FORM 700 WITH THE COUNTY OF SAN DIEGO.
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 AND COMPARISON/CONTRAST WITH JOB DUTIES AND CONTRACTED DAYS IN ORDER TO INSURE 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 FUND BALANCE OWING TO THE ORGANIZATION RECEIVING PAYMENT OF OUTSTANDING ACCOUNTS RECEIVABLEFROM PREVIOUS YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE AMOUNT OF $167,684 WAS PAID TO OUTSIDE CONSULTANTS TO ASSIST THE CEO AND OTHER STAFF WITH DELIVERING PROGRAM SERVICES.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other fees for services expenses Part IX line 11g
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IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0702695
IRS990/TotalAssetsEOYAmt0768317
IRS990/TotalAssetsGrp/BOYAmt0702695
IRS990/TotalAssetsGrp/EOYAmt0768317
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt064738
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020244
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0867329
IRS990/TotalFunctionalExpensesGrp/TotalAmt0887573
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0913
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0913
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0702695
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0767404
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0867329
IRS990/TotalProgramServiceRevenueAmt0881387
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0887544
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0952282
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0702695
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0768317
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt010572
IRS990/TravelGrp/TotalAmt010572
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02739 EAST EVANS ROAD
IRS990/USAddress/CityNm0San Diego
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092106
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.THRIVEPS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM FRYE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR OF OPE
ReturnHeader/BusinessOfficerGrp/PhoneNum06199977919
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THRIVE PUBLIC SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0THRI
ReturnHeader/Filer/EIN0463302948
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 7935
ReturnHeader/Filer/USAddress/CityNm0San Diego
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092167
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ETTA M KEELER TAX CONSULTANT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0720 CAMINO DE LA REINA 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Diego
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092108
ReturnHeader/PreparerPersonGrp/PhoneNum08582540137
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ETTA M KEELER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-10-27T17:31:47-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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