Civic Intelligence

Team Wethrive Inc.

990 • Fiscal year 2019 • EIN 46-3341254

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

75 Ralph Avenue 6DNew York, NY 11221

(914) 434-3852

Siviq Scores

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

Liabilities / Assets

84th percentile

0.25x

Higher debt load relative to assets than 84% of similar nonprofits.

2019 filings • NTEE N99 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

78th percentile

0.04x

Higher debt load relative to revenue than 78% of similar nonprofits.

2019 filings • NTEE N99 • <$500k nonprofits • Source year 2019

Net Margin

46th percentile

4.7%

Higher net margin than 46% of similar nonprofits.

2019 filings • NTEE N99 • <$500k nonprofits • Source year 2019

Top Officer Pay

99th percentile

$43,750

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 19.1% of source-year revenue.

2019 filings • NTEE N99 • <$500k nonprofits • Source year 2019

Asset Growth

90th percentile

110%

Faster asset growth than 90% of similar nonprofits.

2019 filings • NTEE N99 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

61st percentile

8.0%

Faster revenue growth than 61% of similar nonprofits.

2019 filings • NTEE N99 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$38,516

Up $20,171 (+110%) from 2018

Net Assets

Up

$29,013

Up $10,719 (+59%) from 2018

Liabilities

Up

$9,503

Up $9,452 (+18533%) from 2018

Revenue

Up

$229,098

Up $16,902 (+8.0%) from 2018

Expenses

Down

$218,379

Down $12,219 (-5.3%) from 2018

Net Income

Up

$10,719

Up $29,121 (+158%) from 2018

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

2019

Assets$38,516
Liabilities$9,503
Net Assets$29,013

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

2019

Revenue$229,098
Expenses$218,379
Net Income$10,719
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$229,098
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$16,717$38,516▲ $21,799
Prepaid Expenses and Deferred Charges$1,628--
Total Assets$18,345$38,516▲ $20,171
Liabilities
Other Liabilities$0$9,441▲ $9,441
Accounts Payable and Accrued Expenses$51$62▲ $11
Total Liabilities$51$9,503▲ $9,452
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,294$29,013▲ $10,719
Total Net Assets Fund Balance$18,294$29,013▲ $10,719
Total Liabilities and Net Assets / Fund Balance$18,345$38,516▲ $20,171
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Natalie WolfChief of Learning SuccessFT$43,750$43,750
Daquan Jamein OliverPresidentFT$43,312$43,312

Board Members and Trustees

NameTitle
Scott WarrenBoard Member
Tiffany ThompsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$229,098
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$229,098
Change in Net Assets
$10,719
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$117,290
Other Expenses$101,089
Total Fundraising Expense$26,822
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$67,908$7,836$11,318$87,062
Fees for Services Other$26,678$3,078$4,446$34,202
Other Salaries and Wages$16,075$1,855$2,679$20,609
Occupancy$12,067$1,392$2,011$15,470
Travel$10,280$1,186$1,713$13,179
Payroll Taxes$7,503$866$1,250$9,619
Fees for Services Accounting$4,243$490$707$5,440
Office Expenses$4,006$462$668$5,136
Information Technology$3,720$429$620$4,769
All Other Expenses$3,589$325$298$4,212
Conferences and Meetings$2,386$275$398$3,059
Other Expenses$1,817$166$240$1,817
Advertising-$10-$10
Total Functional Expenses$172,859$18,698$26,822$218,379
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$9,441
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

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
75 RALPH AVENUE 6D, NEW YORK, NY 11221

Signing Officer

Name
Daquan Jamein Oliver
Title
President
Phone
9144343852
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daquan Jamein Oliver
Formed
2013
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
3
Employees
2
Volunteers
122

Preparer

Firm
Scrubbednet LLC
Address
388 MARKET STREET SUITE 1300, SAN FRANCISCO, CA 94111
Preparer
Isagani Ferdinand Laguisma
Phone
4159942036
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants and contractors: program service expenses 26,678. Management and general expenses 3,078. Fundraising expenses 4,446. Total expenses 34,202.

Form 990, Part IX, Line 24E

Content development: program service expenses 1,800. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,800. General subscriptions: program service expenses 1,328. Management and general expenses 153. Fundraising expenses 221. Total expenses 1,702. Professional development: program service expenses 461. Management and general expenses 53. Fundraising expenses 77. Total expenses 591. Taxes & licenses: program service expenses 0. Management and general expenses 110. Fundraising expenses 0. Total expenses 110. Gifts- donation: program service expenses 0. Management and general expenses 9. Fundraising expenses 0. Total expenses 9.

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IRS990ScheduleA/TotalSupportAmt0832169
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/Amt09441
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt09441
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONSULTANTS AND CONTRACTORS: PROGRAM SERVICE EXPENSES 26,678. MANAGEMENT AND GENERAL EXPENSES 3,078. FUNDRAISING EXPENSES 4,446. TOTAL EXPENSES 34,202.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTENT DEVELOPMENT: PROGRAM SERVICE EXPENSES 1,800. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,800. GENERAL SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 1,328. MANAGEMENT AND GENERAL EXPENSES 153. FUNDRAISING EXPENSES 221. TOTAL EXPENSES 1,702. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 461. MANAGEMENT AND GENERAL EXPENSES 53. FUNDRAISING EXPENSES 77. TOTAL EXPENSES 591. TAXES & LICENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 110. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 110. GIFTS- DONATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 9. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9.
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 IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt018345
IRS990/TotalAssetsEOYAmt038516
IRS990/TotalAssetsGrp/BOYAmt018345
IRS990/TotalAssetsGrp/EOYAmt038516
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0229098
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt026822
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018698
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0172859
IRS990/TotalFunctionalExpensesGrp/TotalAmt0218379
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt051
IRS990/TotalLiabilitiesEOYAmt09503
IRS990/TotalLiabilitiesGrp/BOYAmt051
IRS990/TotalLiabilitiesGrp/EOYAmt09503
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt018294
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt029013
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0172859
IRS990/TotalReportableCompFromOrgAmt087062
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0229098
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0122
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018345
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt038516
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt01713
IRS990/TravelGrp/ManagementAndGeneralAmt01186
IRS990/TravelGrp/ProgramServicesAmt010280
IRS990/TravelGrp/TotalAmt013179
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt075 RALPH AVENUE 6D
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011221
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.TEAMWETHRIVE.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAQUAN JAMEIN OLIVER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09144343852
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEAM WETHRIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0TEAM
ReturnHeader/Filer/EIN0463341254
ReturnHeader/Filer/PhoneNum09144343852
ReturnHeader/Filer/USAddress/AddressLine1Txt075 RALPH AVENUE 6D
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011221
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07CE50BA4CB071284B6BE2C3EBDE74430DFD21BAD
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0182.18.206.137
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm011:32:05
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454572670
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCRUBBEDNET LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0388 MARKET STREET SUITE 1300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN FRANCISCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094111
ReturnHeader/PreparerPersonGrp/PhoneNum04159942036
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ISAGANI FERDINAND LAGUISMA
ReturnHeader/ReturnTs02020-11-16T11:32:10-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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