Civic Intelligence

Team Wethrive Inc.

990 • Fiscal year 2017 • EIN 46-3341254

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 15, 2017

312 Arizona Avenue 2nd FloorSanta Monica, CA 90401

(914) 434-3852

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Higher debt load relative to assets than 57% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Higher debt load relative to revenue than 56% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

88th percentile

39%

Higher net margin than 88% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

100th percentile

20156%

Faster asset growth than 100% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

100th percentile

2136%

Faster revenue growth than 100% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$119,713

Up $119,122 (+20156%) from 2016

Net Assets

Up

$119,313

Up $118,722 (+20088%) from 2016

Liabilities

$400

No earlier filing loaded for comparison.

Revenue

Up

$307,854

Up $294,088 (+2136%) from 2016

Expenses

Up

$189,132

Up $175,957 (+1336%) from 2016

Net Income

Up

$118,722

Up $118,131 (+19988%) from 2016

Historical Trend

Balance Sheet Trend

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

$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

2017

Assets$119,713
Liabilities$400
Net Assets$119,313

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$307,854
Expenses$189,132
Net Income$118,722
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$307,854
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 to rise as entrepreneurial economic leaders. The students we serve are bursting with ideas to break the cycle of poverty, but for too many times in their young lives, they have been told No. WeThrive reaches students in middle school while habits and identities are still forming, giving them an encouraging Yes to their dreams of entrepreneurship - along with the toolset to make them real. Our 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. WeThrive students gain critical life skills, using learning logs, metacognition, and leadership development exercises to build entrepreneurial habits that last a lifetime. They take with them tangibl

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$591$119,713▲ $119,122
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$591$119,713▲ $119,122
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$400-
Total Liabilities$0$400▲ $400
Net Assets / Fund Balance
Unrestricted Net Assets$591$119,313▲ $118,722
Total Net Assets Fund Balance$591$119,313▲ $118,722
Total Liabilities and Net Assets / Fund Balance$591$119,713▲ $119,122
Compensation and Service Providers

Board Members and Trustees

NameTitle
Daquan Jamein OliverPresident
Stacey MukasaExecutive Director
Kamisha LautureCOO
Cheryl KiserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$307,854
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$307,854
Change in Net Assets
$118,722
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$189,132
Total Fundraising Expense$43,362
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$43,528--$43,528
Travel--$23,249$23,249
Occupancy$1,815$2,622$15,733$20,170
Office Expenses$7,871--$7,871
Information Technology$505$730$4,380$5,615
Fees for Services Accounting$2,200--$2,200
Insurance$1,247--$1,247
Advertising$595--$595
Other Expenses$378$422-$378
Fees for Services Legal$160--$160
Total Functional Expenses$133,543$12,227$43,362$189,132
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Team WeThrive Inc
EIN
46-3341254
Phone
9144343852
Address
312 Arizona Avenue 2nd Floor, Santa Monica, CA 90401

Signing Officer

Name
Daquan Jamein Oliver
Title
President
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daquan Jamein Oliver
Formed
2013
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
85

Preparer

Firm
Scrubbednet LLC
Address
657 Sharp Park Road, Pacifica, CA 94044
Preparer
Isagani Ferdinand Laguisma
Phone
4159942036
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IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0591
IRS990/TotalAssetsEOYAmt0119713
IRS990/TotalAssetsGrp/BOYAmt0591
IRS990/TotalAssetsGrp/EOYAmt0119713
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0307854
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt043362
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012227
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0133543
IRS990/TotalFunctionalExpensesGrp/TotalAmt0189132
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0400
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0400
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0591
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0119313
IRS990/TotalProgramServiceExpensesAmt0133543
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0307854
IRS990/TotalVolunteersCnt085
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0591
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0119713
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt023249
IRS990/TravelGrp/TotalAmt023249
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0591
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0119313
IRS990/USAddress/AddressLine1Txt0974 St Nicholas Ave
IRS990/USAddress/CityNm0New York
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010032
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.teamwethrive.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Daquan Jamein Oliver
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Team WeThrive Inc
ReturnHeader/Filer/BusinessNameControlTxt0TEAM
ReturnHeader/Filer/EIN0463341254
ReturnHeader/Filer/PhoneNum09144343852
ReturnHeader/Filer/USAddress/AddressLine1Txt0312 Arizona Avenue 2nd Floor
ReturnHeader/Filer/USAddress/CityNm0Santa Monica
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090401
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Scrubbednet LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0657 Sharp Park Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Pacifica
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094044
ReturnHeader/PreparerPersonGrp/PhoneNum04159942036
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Isagani Ferdinand Laguisma
ReturnHeader/ReturnTs02017-11-14T21:05:32-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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