Civic Intelligence

Team Wethrive Inc.

990 • Fiscal year 2020 • EIN 46-3341254

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

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

75th percentile

0.08x

Higher debt load relative to assets than 75% of similar nonprofits.

2020 filings • NTEE N99 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

79th percentile

0.06x

Higher debt load relative to revenue than 79% of similar nonprofits.

2020 filings • NTEE N99 • <$500k nonprofits • Source year 2020

Net Margin

93rd percentile

54%

Higher net margin than 93% of similar nonprofits.

2020 filings • NTEE N99 • <$500k nonprofits • Source year 2020

Top Officer Pay

98th percentile

$58,666

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2020 filings • NTEE N99 • <$500k nonprofits • Source year 2020

Asset Growth

96th percentile

627%

Faster asset growth than 96% of similar nonprofits.

2020 filings • NTEE N99 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

93rd percentile

83%

Faster revenue growth than 93% of similar nonprofits.

2020 filings • NTEE N99 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$279,905

Up $241,389 (+627%) from 2019

Net Assets

Up

$256,158

Up $227,145 (+783%) from 2019

Liabilities

Up

$23,747

Up $14,244 (+150%) from 2019

Revenue

Up

$418,418

Up $189,320 (+83%) from 2019

Expenses

Down

$191,297

Down $27,082 (-12%) from 2019

Net Income

Up

$227,121

Up $216,402 (+2019%) from 2019

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

2020

Assets$279,905
Liabilities$23,747
Net Assets$256,158

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

2020

Revenue$418,418
Expenses$191,297
Net Income$227,121
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$418,418
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$38,516$276,905▲ $238,389
Receivables From Officers Etc$0$2,956▲ $2,956
Savings and Temporary Cash Investments$0$44▲ $44
Total Assets$38,516$279,905▲ $241,389
Liabilities
Other Liabilities$9,417$23,628▲ $14,211
Accounts Payable and Accrued Expenses$62$119▲ $57
Total Liabilities$9,479$23,747▲ $14,268
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$29,037$256,158▲ $227,121
Total Net Assets Fund Balance$29,037$256,158▲ $227,121
Total Liabilities and Net Assets / Fund Balance$38,516$279,905▲ $241,389
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Daquan Jamein OliverPresidentFT$58,666$58,666
Natalie WolfChief of Learning OfficerFT$21,875$21,875

Board Members and Trustees

NameTitle
Scott WarrenBoard Member
Tiffany ThompsonBoard Member
Jason CascarinoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$408,611
Program Service Revenue
$57
Investment Income
$0
Other Revenue
$9,750
All Other Contributions
$408,611
Change in Net Assets
$227,121
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$118,601
Other Expenses$72,696
Total Fundraising Expense$24,121
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$81,251$9,493$13,542$104,286
Fees for Services Management$25,522$2,945$4,253$32,720
Other Salaries and Wages$11,153$1,303$1,859$14,315
Office Expenses$6,397$764$1,066$8,227
Fees for Services Legal$4,942$570$823$6,335
Fees for Services Accounting$4,228$488$705$5,421
Travel$2,872$331$479$3,682
Occupancy$2,769$320$461$3,550
Other Expenses$244$273$87$604
Total Functional Expenses$150,076$17,100$24,121$191,297
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 Officers, Directors, Trustees, and Key Employees$0$2,956▲ $2,956
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$19,400
Payroll Liabilities$4,228
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
2021-11-15
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
3
Volunteers
122

Preparer

Firm
Scrubbednet LLC
Address
ONE SANSOME STREET SUITE 3500 PMB, 6006, SAN FRANCISCO, CA 94104
Preparer
Isagani Ferdinand Laguisma
Phone
4159942036
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0408611
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0229098
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0207861
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0276444
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0112766
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01234780
IRS990ScheduleA/TotalSupportAmt01234780
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04228
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt119400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PPP LOAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt023628
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt02956
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0ACCIDENTAL WITHDRAW
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DAQUAN OLIVER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt02956
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
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IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt0279905
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IRS990/TotalEmployeeCnt03
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017100
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0150076
IRS990/TotalFunctionalExpensesGrp/TotalAmt0191297
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IRS990/TotalLiabilitiesEOYAmt023747
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IRS990/TotalLiabilitiesGrp/EOYAmt023747
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt029037
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0256158
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0150076
IRS990/TotalProgramServiceRevenueAmt057
IRS990/TotalReportableCompFromOrgAmt080541
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09807
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0418418
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0122
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt038516
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0279905
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt0479
IRS990/TravelGrp/ManagementAndGeneralAmt0331
IRS990/TravelGrp/ProgramServicesAmt02872
IRS990/TravelGrp/TotalAmt03682
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAQUAN JAMEIN OLIVER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09144343852
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
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/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/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ISAGANI FERDINAND LAGUISMA
ReturnHeader/ReturnTs02021-11-15T18:41:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAQUAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JAMEIN OLIVER
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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