Civic Intelligence

Team Wethrive Inc.

990 • Fiscal year 2022 • EIN 46-3341254

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 16, 2023

1460 BroadwayNew York, NY 10036

(914) 434-3852

Siviq Scores

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

Liabilities / Assets

48th percentile

0.01x

Higher debt load relative to assets than 48% of similar nonprofits.

2022 filings • NTEE N • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

45th percentile

0.01x

Higher debt load relative to revenue than 45% of similar nonprofits.

2022 filings • NTEE N • $500k-$1M nonprofits • Source year 2022

Net Margin

28th percentile

-3.4%

Higher net margin than 28% of similar nonprofits.

2022 filings • NTEE N • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

91st percentile

$80,818

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2022 filings • NTEE N • $500k-$1M nonprofits • Source year 2022

Asset Growth

28th percentile

-4.2%

Faster asset growth than 28% of similar nonprofits.

2022 filings • NTEE N • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

13th percentile

-14%

Faster revenue growth than 13% of similar nonprofits.

2022 filings • NTEE N • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$661,215

Down $28,940 (-4.2%) from 2021

Net Assets

Down

$655,035

Down $28,295 (-4.1%) from 2021

Liabilities

Down

$6,180

Down $645 (-9.5%) from 2021

Revenue

Down

$832,683

Down $137,318 (-14%) from 2021

Expenses

Up

$860,978

Up $318,149 (+59%) from 2021

Net Income

Down

-$28,295

Down $455,467 (-107%) from 2021

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

2022

Assets$661,215
Liabilities$6,180
Net Assets$655,035

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

2022

Revenue$832,683
Expenses$860,978
Net Income-$28,295
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 16, 2023
Return Version
2022v5.0
Gross Receipts
$832,683
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$690,155$469,491▼ $220,664
Total Assets$690,155$661,215▼ $28,940
Other Assets Total$0$191,724▲ $191,724
Liabilities
Other Liabilities$6,681$6,083▼ $598
Accounts Payable and Accrued Expenses$144$97▼ $47
Total Liabilities$6,825$6,180▼ $645
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$683,330$655,035▼ $28,295
Total Net Assets Fund Balance$683,330$655,035▼ $28,295
Total Liabilities and Net Assets / Fund Balance$690,155$661,215▼ $28,940

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$185,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kathryn Danielle EspirituLearning Success DirectorFT$80,818$80,818
Daquan OliverPresidentFT$72,717$72,717
Prosie Iana PaladRemote Program DirectorFT$37,500$37,500
Ashley PuryearAlumni Portfolio Program ManagerFT$34,296$34,296
Revenue and Support

Revenue Composition

Contributions and Grants
$832,683
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$832,683
Change in Net Assets
$-28,295
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$565,085
Salaries, Compensation, and Employee Benefits$295,893
Total Fundraising Expense$69,571
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology$327,618$265$383$328,266
Current Officers, Directors, Trustees, and Key Employees$175,758$20,280$29,292$225,330
Fees for Services Other$75,153$8,671$12,525$96,349
Travel$30,021$4,138$5,003$39,162
Other Salaries and Wages$25,481$2,940$4,247$32,668
Office Expenses$17,851$2,061$2,991$22,903
Payroll Taxes$17,676$2,040$2,946$22,662
Other Employee Benefits$11,882$1,371$1,980$15,233
Occupancy$8,573$989$1,429$10,991
Fees for Services Accounting$5,703$658$950$7,311
Conferences and Meetings$3,932$542$655$5,129
Other Expenses$1,255$145$211$1,611
Insurance$282$32$47$361
All Other Expenses$201$23$34$258
Total Functional Expenses$742,507$48,900$69,571$860,978
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$6,083
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

The board was given a copy of the form 990 for review and approves the form 990 before filing with the irs.

Form 990, Part VI, Section C, Line 19

No other documents available to the public.

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

Prosie iana palad - 14 livingston drive , hamilton, nj 08619. Ashley puryear - 1911 galardia rd., charlotte, nc 28215. Daquan oliver - 974 st nicholas ave., apt. 3e, new york, ny 10036. Kathryn danielle espiritu - 233 monitor st., brooklyn, ny 11222-3603.

Filing and Contact Details

Filer

Filer Name
Team Wethrive Inc
EIN
46-3341254
Phone
9144343852
Address
1460 BROADWAY, NEW YORK, NY 10036

Signing Officer

Name
Daquan Oliver
Title
President
Phone
9144343852
Signed
2023-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daquan Oliver
Formed
2013
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
0
Employees
5
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 professional services fees: program service expenses 75,153. Management and general expenses 8,671. Fundraising expenses 12,525. Total expenses 96,349.

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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.50970
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01241512
IRS990ScheduleA/SubstantialContributorsTotAmt01194420
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0826250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0764112
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0408611
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0229098
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0207861
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02435932
IRS990ScheduleA/TotalSupportAmt02435932
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/OtherAssetsOrgGrp/BookValueAmt06724
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1185000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER RECEIVABLES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PLEDGES OR DONATIONS RECEIVABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06083
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0191724
IRS990ScheduleD/TotalLiabilityAmt06083
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD WAS GIVEN A COPY OF THE FORM 990 FOR REVIEW AND APPROVES THE FORM 990 BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROSIE IANA PALAD - 14 LIVINGSTON DRIVE , HAMILTON, NJ 08619. ASHLEY PURYEAR - 1911 GALARDIA RD., CHARLOTTE, NC 28215. DAQUAN OLIVER - 974 ST NICHOLAS AVE., APT. 3E, NEW YORK, NY 10036. KATHRYN DANIELLE ESPIRITU - 233 MONITOR ST., BROOKLYN, NY 11222-3603.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER PROFESSIONAL SERVICES FEES: PROGRAM SERVICE EXPENSES 75,153. MANAGEMENT AND GENERAL EXPENSES 8,671. FUNDRAISING EXPENSES 12,525. TOTAL EXPENSES 96,349.
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 VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 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/TotalAssetsBOYAmt0690155
IRS990/TotalAssetsEOYAmt0661215
IRS990/TotalAssetsGrp/BOYAmt0690155
IRS990/TotalAssetsGrp/EOYAmt0661215
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0832683
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt069571
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt048900
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0742507
IRS990/TotalFunctionalExpensesGrp/TotalAmt0860978
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06825
IRS990/TotalLiabilitiesEOYAmt06180
IRS990/TotalLiabilitiesGrp/BOYAmt06825
IRS990/TotalLiabilitiesGrp/EOYAmt06180
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0683330
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0655035
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0742507
IRS990/TotalReportableCompFromOrgAmt0225331
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0832683
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0122
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0690155
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0661215
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt05003
IRS990/TravelGrp/ManagementAndGeneralAmt04138
IRS990/TravelGrp/ProgramServicesAmt030021
IRS990/TravelGrp/TotalAmt039162
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01460 BROADWAY
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010036
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.TEAMWETHRIVE.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAQUAN OLIVER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09144343852
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEAM WETHRIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0TEAM
ReturnHeader/Filer/EIN0463341254
ReturnHeader/Filer/PhoneNum09144343852
ReturnHeader/Filer/USAddress/AddressLine1Txt01460 BROADWAY
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010036
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
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/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ISAGANI FERDINAND LAGUISMA
ReturnHeader/ReturnTs02023-11-16T22:38:33-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAQUAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0OLIVER
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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