Civic Intelligence

Team Wethrive Inc.

990 • Fiscal year 2018 • EIN 46-3341254

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

1460 Broadway 8th FloorNew York, NY 10036

(914) 434-3852

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.00x

Higher debt load relative to assets than 72% of similar nonprofits.

2018 filings • NTEE N99 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

72nd percentile

0.00x

Higher debt load relative to revenue than 72% of similar nonprofits.

2018 filings • NTEE N99 • <$500k nonprofits • Source year 2018

Net Margin

26th percentile

-8.7%

Higher net margin than 26% of similar nonprofits.

2018 filings • NTEE N99 • <$500k nonprofits • Source year 2018

Top Officer Pay

99th percentile

$52,000

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 24.5% of source-year revenue.

2018 filings • NTEE N99 • <$500k nonprofits • Source year 2018

Asset Growth

2nd percentile

-85%

Faster asset growth than 2% of similar nonprofits.

2018 filings • NTEE N99 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

14th percentile

-31%

Faster revenue growth than 14% of similar nonprofits.

2018 filings • NTEE N99 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$18,345

Down $101,368 (-85%) from 2017

Net Assets

Down

$18,294

Down $101,019 (-85%) from 2017

Liabilities

Down

$51

Down $349 (-87%) from 2017

Revenue

Down

$212,196

Down $95,658 (-31%) from 2017

Expenses

Up

$230,598

Up $41,466 (+22%) from 2017

Net Income

Down

-$18,402

Down $137,124 (-116%) from 2017

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

2018

Assets$18,345
Liabilities$51
Net Assets$18,294

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

2018

Revenue$212,196
Expenses$230,598
Net Income-$18,402
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$212,196
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

See schedule o.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
Cash and Non-Interest-Bearing Accounts$36,696$16,717▼ $19,979
Prepaid Expenses and Deferred Charges-$1,628-
Total Assets$36,696$18,345▼ $18,351
Liabilities
Accounts Payable and Accrued Expenses-$51-
Total Liabilities$0$51▲ $51
Net Assets / Fund Balance
Unrestricted Net Assets$36,696$18,294▼ $18,402
Total Net Assets Fund Balance$36,696$18,294▼ $18,402
Total Liabilities and Net Assets / Fund Balance$36,696$18,345▼ $18,351
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Daquan Jamein OliverPresidentFT$52,000$52,000

Board Members and Trustees

NameTitle
Scott WarrenBoard Member
Tiffany ThompsonBoard Member
Cheryl KiserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$207,861
Program Service Revenue
$4,335
Investment Income
$0
Other Revenue
$0
All Other Contributions
$207,861
Change in Net Assets
$-18,402
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$123,926
Other Expenses$106,467
Total Fundraising Expense$26,802
Grants and Similar Amounts Paid$205
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$49,605$5,724$8,267$63,596
Other Salaries and Wages$40,138$4,631$6,690$51,459
Occupancy$17,238$1,989$2,873$22,100
Fees for Services Other$15,348$1,771$2,558$19,677
Travel$14,493$1,672$2,416$18,581
Payroll Taxes$6,920$798$1,153$8,871
Office Expenses$5,208$601$868$6,677
Fees for Services Accounting$3,795$438$632$4,865
Information Technology$3,407$393$568$4,368
Other Expenses$1,468$168$245$1,881
All Other Expenses$950$265-$1,215
Advertising$858$99$143$1,100
Conferences and Meetings$230$27$38$295
Grants to Domestic Orgs$205--$205
Total Functional Expenses$184,977$18,819$26,802$230,598
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
No
Backup withholding compliance
Yes
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

No review was or will be conducted.

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 8TH FLOOR, NEW YORK, NY 10036

Signing Officer

Name
Daquan Jamein Oliver
Title
President
Phone
9144343852
Signed
2019-11-14
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
2
Volunteers
63

Preparer

Firm
Scrubbednet LLC
Address
38 KEYES AVENUE, SAN FRANCISCO, CA 94129
Preparer
Isagani Ferdinand Laguisma
Phone
4159942036
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt036696
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IRS990/TotalOtherCompensationAmt00
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IRS990/TotalProgramServiceRevenueAmt04335
IRS990/TotalReportableCompFromOrgAmt052000
IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0212196
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IRS990/TravelGrp/ManagementAndGeneralAmt01672
IRS990/TravelGrp/ProgramServicesAmt014493
IRS990/TravelGrp/TotalAmt018581
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt018294
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010036
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
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IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAQUAN JAMEIN OLIVER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09144343852
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEAM WETHRIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0TEAM
ReturnHeader/Filer/EIN0463341254
ReturnHeader/Filer/PhoneNum09144343852
ReturnHeader/Filer/USAddress/AddressLine1Txt01460 BROADWAY 8TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010036
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FA75FFC11945AFBA30A5E04CD8B11354418BEEE7
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0222.127.26.38
ReturnHeader/FilingSecurityInformation/IPDt02019-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm021:49:41
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454572670
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCRUBBEDNET LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt038 KEYES AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN FRANCISCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094129
ReturnHeader/PreparerPersonGrp/PhoneNum04159942036
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ISAGANI FERDINAND LAGUISMA
ReturnHeader/ReturnTs02019-11-14T21:49:43-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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