Civic Intelligence

Team Wethrive Inc

EIN 46-3341254 • 501(c)3 • New York, NY

Profile

See schedule owethrive equips and empowers low-income youth bursting with ideas to rise as entrepreneurial economic leaders and break the cycle of poverty. Wethrive reaches middle school students, giving them an encouraging yes to their dreams of entrepreneurship - along with the toolset to make them real. Wethrive staff members train undergraduate volunteers to become mentors, who guide students through an afterschool curriculum carefully designed to reach those left behind in traditional classrooms. With encouragement and support from their mentors, each student creates their very own company, earning real revenues and donating profits to a charity of their choice. Students gain critical life skills, using learning logs, metacognition, and leadership development exercises to build entrepreneurial habits that last a lifetime. Leveraging the best digital tools, wethrive is designed to disrupt an industry of entrepreneurial education that has left too many students still in need

1460 BroadwayNew York, NY 10036

www.teamwethrive.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

46th percentile

0.01x

Higher debt load relative to assets than 46% of similar nonprofits.

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

Liabilities / Revenue

44th percentile

0.01x

Higher debt load relative to revenue than 44% of similar nonprofits.

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

Net Margin

33rd percentile

-3.4%

Higher net margin than 33% of similar nonprofits.

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

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

29th percentile

-4.2%

Faster asset growth than 29% of similar nonprofits.

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

Revenue Growth

20th percentile

-14%

Faster revenue growth than 20% of similar nonprofits.

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

Assets

Down

$271,370

Down $389,845 (-59%) from 2022

Liabilities

Up

$12,566

Up $6,386 (+103%) from 2022

Net Assets

Down

$258,804

Down $396,231 (-60%) from 2022

Revenue

Down

$352,365

Down $480,318 (-58%) from 2022

Expenses

Down

$745,706

Down $115,272 (-13%) from 2022

Net Income

Down

-$393,341

Down $365,046 (-1290%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2016: $591Net Assets 2016: $5912016Assets 2017: $119,713Liabilities 2017: $400Net Assets 2017: $119,3132017Assets 2018: $18,345Liabilities 2018: $51Net Assets 2018: $18,2942018Assets 2019: $38,516Liabilities 2019: $9,503Net Assets 2019: $29,0132019Assets 2020: $279,905Liabilities 2020: $23,747Net Assets 2020: $256,1582020Assets 2021: $690,155Liabilities 2021: $6,825Net Assets 2021: $683,3302021Assets 2022: $661,215Liabilities 2022: $6,180Net Assets 2022: $655,0352022Assets 2023: $271,370Liabilities 2023: $12,566Net Assets 2023: $258,8042023

Highlighted filing

2023

Assets$271,370
Liabilities$12,566
Net Assets$258,804

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2016: $13,766Expenses 2016: $13,175Net Income 2016: $5912016Revenue 2017: $307,854Expenses 2017: $189,132Net Income 2017: $118,7222017Revenue 2018: $212,196Expenses 2018: $230,598Net Income 2018: -$18,4022018Revenue 2019: $229,098Expenses 2019: $218,379Net Income 2019: $10,7192019Revenue 2020: $418,418Expenses 2020: $191,297Net Income 2020: $227,1212020Revenue 2021: $970,001Expenses 2021: $542,829Net Income 2021: $427,1722021Revenue 2022: $832,683Expenses 2022: $860,978Net Income 2022: -$28,2952022Revenue 2023: $352,365Expenses 2023: $745,706Net Income 2023: -$393,3412023

Highlighted filing

2023

Revenue$352,365
Expenses$745,706
Net Income-$393,341

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 7, 2025
Return Version
2023v6.0
Gross Receipts
$352,365
Mission and Program Overview

Mission

See schedule owethrive equips and empowers low-income youth bursting with ideas to rise as entrepreneurial economic leaders and break the cycle of poverty. Wethrive reaches middle school students, giving them an encouraging yes to their dreams of entrepreneurship - along with the toolset to make them real. Wethrive staff members train undergraduate volunteers to become mentors, who guide students through an afterschool curriculum carefully designed to reach those left behind in traditional classrooms. With encouragement and support from their mentors, each student creates their very own company, earning real revenues and donating profits to a charity of their choice. Students gain critical life skills, using learning logs, metacognition, and leadership development exercises to build entrepreneurial habits that last a lifetime. Leveraging the best digital tools, wethrive is designed to disrupt an industry of entrepreneurial education that has left too many students still in need

Wethrive equips and empowers low-income youth bursting with ideas to rise as entrepreneurial economic leaders and break the cycle of poverty. Wethrive reaches middle school students, giving them an encouraging yes to their dreams of entrepreneurship - along with the toolset to make them real. Wethrive staff members train undergraduate volunteers to become mentors, who guide students through an afterschool curriculum carefully designed to reach those left behind in traditional classrooms. With encouragement and support from their mentors, each student creates their very own company, earning real revenues and donating profits to a charity of their choice. Students gain critical life skills, using learning logs, metacognition, and leadership development exercises to build entrepreneurial habits that last a lifetime. Leveraging the best digital tools, wethrive is designed to disrupt an industry of entrepreneurial education that has left too many students still in need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$0$250,900▲ $250,900
Cash and Non-Interest-Bearing Accounts$469,491$13,746▼ $455,745
Total Assets$661,215$271,370▼ $389,845
Other Assets Total$191,724$6,724▼ $185,000
Liabilities
Other Liabilities$6,083$9,055▲ $2,972
Accounts Payable and Accrued Expenses$97$3,511▲ $3,414
Total Liabilities$6,180$12,566▲ $6,386
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$655,035$258,804▼ $396,231
Total Net Assets Fund Balance$655,035$258,804▼ $396,231
Total Liabilities and Net Assets / Fund Balance$661,215$271,370▼ $389,845
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Daquan OliverPresidentFT$147,502$147,502
Kathryn Danielle EspirituLearning Success DirectorFT$87,956$87,956
Ashley PuryearAlumni Portfolio Program ManagerFT$59,823$59,823

Board Members and Trustees

NameTitle
Tiffany ThompsonBoard Member
Jason CascarinoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$283,165
Program Service Revenue
$69,200
Investment Income
$0
Other Revenue
$0
All Other Contributions
$283,165
Change in Net Assets
$-393,341
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$404,587
Salaries, Compensation, and Employee Benefits$341,119
Total Fundraising Expense$107,488
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$234,000$27,000$39,000$300,000
Fees for Services Other$136,229$16,678$41,385$194,292
Information Technology$48,206--$48,206
Payroll Taxes$19,040$2,197$3,173$24,410
Office Expenses$13,603$1,570$2,267$17,440
Other Employee Benefits$13,033$1,504$2,172$16,709
Travel$9,676$1,116$1,613$12,405
Fees for Services Accounting$5,802$710$1,763$8,275
Occupancy$4,718$544$786$6,048
Advertising$1,846$213$308$2,367
Other Expenses$1,266$146$211$1,623
All Other Expenses$1,196$138$199$1,533
Conferences and Meetings$858$99$143$1,100
Total Functional Expenses$576,286$61,932$107,488$745,706
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
Payroll Liabilities$9,055
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board was given a copy of the form 990 for review and approves the form 990 before filing with the irs.

Form 990, Part VI, Section C, Line 19

No other documents available to the public.

Filing and Contact Details

Filer

Filer Name
Team Wethrive Inc
EIN
46-3341254
Phone
9144343852
Address
1460 BROADWAY, NEW YORK, NY 10036

Signing Officer

Name
Daquan Oliver
Title
President
Phone
9144343852
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daquan Oliver
Formed
2013
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
3
Employees
3
Volunteers
86

Preparer

Firm
Scrubbednet LLC
Address
ONE SANSOME STREET SUITE 3500 PMB, 6006, SAN FRANCISCO, CA 94104
Preparer
Isagani Ferdinand Laguisma
Phone
4159942036
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other professional services fees: program service expenses 440. Management and general expenses 54. Fundraising expenses 134. Total expenses 628. Contractors: program service expenses 135,789. Management and general expenses 16,624. Fundraising expenses 41,251. Total expenses 193,664.

Form 990, Part XI

It was identified that certain expenses had been understated during the year ended december 31, 2021 and 2022. As a result, a correction was made to decrease the net assets, which is reflected in the prior period adjustments line.

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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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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0565085
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-28295
IRS990/PYSalariesCompEmpBnftPaidAmt0295893
IRS990/PYTotalExpensesAmt0860978
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0832683
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-393341
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt069200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0283165
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0826250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0764112
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0408611
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0229098
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02511236
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt057
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.76330
IRS990ScheduleA/PublicSupportPY170Pct00.50970
IRS990ScheduleA/PublicSupportTotal170Amt01916861
IRS990ScheduleA/SubstantialContributorsTotAmt0594375
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0283165
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0826250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0764112
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0408611
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0229098
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02511236
IRS990ScheduleA/TotalSupportAmt02511236
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09055
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt09055
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD WAS GIVEN A COPY OF THE FORM 990 FOR REVIEW AND APPROVES THE FORM 990 BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER PROFESSIONAL SERVICES FEES: PROGRAM SERVICE EXPENSES 440. MANAGEMENT AND GENERAL EXPENSES 54. FUNDRAISING EXPENSES 134. TOTAL EXPENSES 628. CONTRACTORS: PROGRAM SERVICE EXPENSES 135,789. MANAGEMENT AND GENERAL EXPENSES 16,624. FUNDRAISING EXPENSES 41,251. TOTAL EXPENSES 193,664.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IT WAS IDENTIFIED THAT CERTAIN EXPENSES HAD BEEN UNDERSTATED DURING THE YEAR ENDED DECEMBER 31, 2021 AND 2022. AS A RESULT, A CORRECTION WAS MADE TO DECREASE THE NET ASSETS, WHICH IS REFLECTED IN THE PRIOR PERIOD ADJUSTMENTS LINE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0661215
IRS990/TotalAssetsEOYAmt0271370
IRS990/TotalAssetsGrp/BOYAmt0661215
IRS990/TotalAssetsGrp/EOYAmt0271370
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0283165
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0107488
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt061932
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0576286
IRS990/TotalFunctionalExpensesGrp/TotalAmt0745706
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06180
IRS990/TotalLiabilitiesEOYAmt012566
IRS990/TotalLiabilitiesGrp/BOYAmt06180
IRS990/TotalLiabilitiesGrp/EOYAmt012566
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0655035
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0258804
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0576286
IRS990/TotalProgramServiceRevenueAmt069200
IRS990/TotalReportableCompFromOrgAmt0295281
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt069200
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0352365
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt086
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0661215
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0271370
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt01613
IRS990/TravelGrp/ManagementAndGeneralAmt01116
IRS990/TravelGrp/ProgramServicesAmt09676
IRS990/TravelGrp/TotalAmt012405
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01460 BROADWAY
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010036
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.TEAMWETHRIVE.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAQUAN OLIVER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09144343852
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEAM WETHRIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0TEAM
ReturnHeader/Filer/EIN0463341254
ReturnHeader/Filer/PhoneNum09144343852
ReturnHeader/Filer/USAddress/AddressLine1Txt01460 BROADWAY
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010036
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454572670
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCRUBBEDNET LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE SANSOME STREET SUITE 3500 PMB
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt06006
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN FRANCISCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094104
ReturnHeader/PreparerPersonGrp/PhoneNum04159942036
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ISAGANI FERDINAND LAGUISMA
ReturnHeader/ReturnTs02025-05-07T22:58:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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