Civic Intelligence

Team Wethrive Inc.

990 • Fiscal year 2021 • EIN 46-3341254

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

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

49th percentile

0.01x

Higher debt load relative to assets than 49% of similar nonprofits.

2021 filings • NTEE N • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

43rd percentile

0.01x

Higher debt load relative to revenue than 43% of similar nonprofits.

2021 filings • NTEE N • $500k-$1M nonprofits • Source year 2021

Net Margin

87th percentile

44%

Higher net margin than 87% of similar nonprofits.

2021 filings • NTEE N • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

90th percentile

$73,576

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2021 filings • NTEE N • $500k-$1M nonprofits • Source year 2021

Asset Growth

91st percentile

147%

Faster asset growth than 91% of similar nonprofits.

2021 filings • NTEE N • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

84th percentile

132%

Faster revenue growth than 84% of similar nonprofits.

2021 filings • NTEE N • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$690,155

Up $410,250 (+147%) from 2020

Net Assets

Up

$683,330

Up $427,172 (+167%) from 2020

Liabilities

Down

$6,825

Down $16,922 (-71%) from 2020

Revenue

Up

$970,001

Up $551,583 (+132%) from 2020

Expenses

Up

$542,829

Up $351,532 (+184%) from 2020

Net Income

Up

$427,172

Up $200,051 (+88%) from 2020

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

2021

Assets$690,155
Liabilities$6,825
Net Assets$683,330

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

2021

Revenue$970,001
Expenses$542,829
Net Income$427,172
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$970,001
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$276,905$690,155▲ $413,250
Receivables From Officers Etc$2,956$0▼ $2,956
Savings and Temporary Cash Investments$44$0▼ $44
Total Assets$279,905$690,155▲ $410,250
Liabilities
Other Liabilities$23,628$6,681▼ $16,947
Accounts Payable and Accrued Expenses$119$144▲ $25
Total Liabilities$23,747$6,825▼ $16,922
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$256,158$683,330▲ $427,172
Total Net Assets Fund Balance$256,158$683,330▲ $427,172
Total Liabilities and Net Assets / Fund Balance$279,905$690,155▲ $410,250
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Daquan Jamein OliverPresidentFT$73,576$73,576
Kathryn Danielle EspirituChief of Learning OfficerFT$53,573$53,573

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$970,001
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$950,341
Change in Net Assets
$427,172
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$360,270
Salaries, Compensation, and Employee Benefits$181,010
Total Fundraising Expense$50,194
Grants and Similar Amounts Paid$1,549
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology$161,561$203$303$162,067
Current Officers, Directors, Trustees, and Key Employees$99,175$11,444$16,529$127,148
Fees for Services Other$87,256$10,068$14,543$111,867
Other Salaries and Wages$23,960$2,765$3,993$30,718
Travel$15,858$1,830$2,643$20,331
Office Expenses$15,091$1,760$2,625$19,476
Occupancy$12,644$1,567$2,107$16,318
Payroll Taxes$10,709$1,236$1,785$13,730
Other Employee Benefits$7,343$847$1,224$9,414
Other Expenses$6,119$793$1,534$8,446
Fees for Services Accounting$5,179$598$863$6,640
Grants to Domestic Orgs$1,549--$1,549
Insurance$920$119$231$1,270
Interest$99$13$25$137
Total Functional Expenses$458,196$34,439$50,194$542,829
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$2,956$0▼ $2,956
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$3,948
Other Payable$2,733
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
2022-11-15
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
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other fees: program service expenses 87,256. Management and general expenses 10,068. Fundraising expenses 14,543. Total expenses 111,867.

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IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01886126
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0764112
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0408611
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0229098
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0207861
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0276444
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01886126
IRS990ScheduleA/TotalSupportAmt01886126
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/Amt03948
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12733
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt06681
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER FEES: PROGRAM SERVICE EXPENSES 87,256. MANAGEMENT AND GENERAL EXPENSES 10,068. FUNDRAISING EXPENSES 14,543. TOTAL EXPENSES 111,867.
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0279905
IRS990/TotalAssetsEOYAmt0690155
IRS990/TotalAssetsGrp/BOYAmt0279905
IRS990/TotalAssetsGrp/EOYAmt0690155
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0970001
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt050194
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034439
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0458196
IRS990/TotalFunctionalExpensesGrp/TotalAmt0542829
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt023747
IRS990/TotalLiabilitiesEOYAmt06825
IRS990/TotalLiabilitiesGrp/BOYAmt023747
IRS990/TotalLiabilitiesGrp/EOYAmt06825
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0256158
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0683330
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0458196
IRS990/TotalReportableCompFromOrgAmt0127149
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0970001
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0122
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0279905
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0690155
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt02643
IRS990/TravelGrp/ManagementAndGeneralAmt01830
IRS990/TravelGrp/ProgramServicesAmt015858
IRS990/TravelGrp/TotalAmt020331
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/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAQUAN JAMEIN OLIVER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09144343852
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
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/PreparationDt02022-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ISAGANI FERDINAND LAGUISMA
ReturnHeader/ReturnTs02022-11-15T23:30:45-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAQUAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JAMEIN OLIVER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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