Civic Intelligence

Thrive Foundation

EIN 46-4134463 • 501(c)3 • Baton Rouge, LA

Profile

To provide fundraising and facilities support to Thrive.

2585 Brightside DrBaton Rouge, LA 70820

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.72x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

4.52x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

58th percentile

8.0%

Higher net margin than 58% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

23rd percentile

-2.6%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

28th percentile

-2.6%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$13,862,719

Down $211,687 (-1.5%) from 2023

Liabilities

Down

$10,045,966

Down $390,055 (-3.7%) from 2023

Net Assets

Up

$3,816,753

Up $178,368 (+4.9%) from 2023

Operations
Liabilities / Revenue94th percentileNet Margin58th percentile

Revenue

Down

$2,220,745

Down $67,433 (-2.9%) from 2023

Expenses

Down

$2,042,377

Down $374,765 (-16%) from 2023

Net Income

Up

$178,368

Up $307,332 (+238%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth23rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2014: $1Liabilities 2014: $02014Assets 2015: $1Liabilities 2015: $02015Assets 2016: $6,634,617Liabilities 2016: $4,178,287Net Assets 2016: $2,456,3302016Assets 2017: $8,948,270Liabilities 2017: $6,561,832Net Assets 2017: $2,386,4382017Assets 2018: $10,101,464Liabilities 2018: $6,751,171Net Assets 2018: $3,350,2932018Assets 2019: $14,966,739Liabilities 2019: $11,960,463Net Assets 2019: $3,006,2762019Assets 2020: $14,802,486Liabilities 2020: $11,910,406Net Assets 2020: $2,892,0802020Assets 2021: $14,484,736Liabilities 2021: $11,363,446Net Assets 2021: $3,121,2902021Assets 2022: $14,613,554Liabilities 2022: $10,846,205Net Assets 2022: $3,767,3492022Assets 2023: $14,074,406Liabilities 2023: $10,436,021Net Assets 2023: $3,638,3852023Assets 2024: $13,862,719Liabilities 2024: $10,045,966Net Assets 2024: $3,816,7532024

Highlighted filing

2024

Assets$13,862,719
Liabilities$10,045,966
Net Assets$3,816,753
Open 2024 Filing

Operations Trend

Revenue Growth28th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $2,456,330Expenses 2016: $0Net Income 2016: $2,456,3302016Revenue 2017: $387,133Expenses 2017: $457,025Net Income 2017: -$69,8922017Revenue 2018: $1,851,513Expenses 2018: $1,352,647Net Income 2018: $498,8662018Revenue 2019: $1,725,963Expenses 2019: $2,069,980Net Income 2019: -$344,0172019Revenue 2020: $2,154,530Expenses 2020: $2,268,726Net Income 2020: -$114,1962020Revenue 2021: $2,192,243Expenses 2021: $2,015,030Net Income 2021: $177,2132021Revenue 2022: $2,342,211Expenses 2022: $1,696,152Net Income 2022: $646,0592022Revenue 2023: $2,288,178Expenses 2023: $2,417,142Net Income 2023: -$128,9642023Revenue 2024: $2,220,745Expenses 2024: $2,042,377Net Income 2024: $178,3682024

Highlighted filing

2024

Revenue$2,220,745
Expenses$2,042,377
Net Income$178,368
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,862,719
Liabilities
$10,045,966
Net assets
$3,816,753
Revenue
$2,220,745
Expenses
$2,042,377
Net income
$178,368
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.9$10.0$3.82$2.22$2.04$0.18
2023Detailed filing. Detailed filing data is available for this year.$14.1$10.4$3.64$2.29$2.42$0.13
2022Detailed filing. Detailed filing data is available for this year.$14.6$10.8$3.77$2.34$1.70$0.65
2021Detailed filing. Detailed filing data is available for this year.$14.5$11.4$3.12$2.19$2.02$0.18
2020Detailed filing. Detailed filing data is available for this year.$14.8$11.9$2.89$2.15$2.27$0.11
2019Detailed filing. Detailed filing data is available for this year.$15.0$12.0$3.01$1.73$2.07$0.34
2018Detailed filing. Detailed filing data is available for this year.$10.1$6.75$3.35$1.85$1.35$0.50
2017Summary only. Only limited summary data is available for this year.$8.95$6.56$2.39$0.39$0.46$0.07
2016Summary only. Only limited summary data is available for this year.$6.63$4.18$2.46$2.46$0.00$2.46
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$2,306,098
Mission and Program Overview

Mission

To provide fundraising and facilities support to Thrive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,363,143$8,068,445▼ $294,698
Other Notes and Loans Receivable, Net$5,539,200$5,539,200→ $0
Cash and Non-Interest-Bearing Accounts$98,682$157,309▲ $58,627
Accounts Receivable$53,095$53,095→ $0
Prepaid Expenses and Deferred Charges$5,171$6,670▲ $1,499
Savings and Temporary Cash Investments-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$14,074,406$13,862,719▼ $211,687
Other Assets Total$15,115$38,000▲ $22,885
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,430,200$10,027,877▼ $402,323
Accounts Payable and Accrued Expenses$5,821$18,089▲ $12,268
Total Liabilities$10,436,021$10,045,966▼ $390,055
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,638,385$3,816,753▲ $178,368
Total Net Assets Fund Balance$3,638,385$3,816,753▲ $178,368
Total Liabilities and Net Assets / Fund Balance$14,074,406$13,862,719▼ $211,687

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,863,717$1,683,420$8,547,137
Land$1,200,000-$1,200,000
Equipment$4,509$236,017$240,526
Leasehold Improvements$219$111,920$112,139
Other Land Buildings-$45,932$45,932
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Morgan HilliardExec DirectorFT$38,333$38,333
Patricia CalfeePresident/CEOFT$38,192$38,192

Board Members and Trustees

NameTitle
Joseph HollinsChair
Matthew ValliereVice Chair
Brandi ConradBoard Member
Christel SlaughterBoard Member
Sabrina GallowayBoard Member
Valerie BluntBoard Member
Wendy DanielsBoard member
Adrian Owen JonesDirector
Tedrick KnightsheadDirector
Amos DavisMember at Large
Mark DrennenSecretary
Dave BaxterTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
ACI Facility SupportFacility Services1048 Florida St, Baton Rouge, LA 70802$134,034
Louisiana Controls IncRepairs/Maintenance2332 Chatawa Dr, Baton Rouge, LA 70815$121,578
Revenue and Support

Revenue Composition

Contributions and Grants
$481,751
Program Service Revenue
$1,718,429
Investment Income
$2,647
Other Revenue
$17,918
All Other Contributions
$481,751
Change in Net Assets
$178,368

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,220,745
Revenue Not Reported on Form 990
$212,065
Total Revenue per Audited Statements
$2,432,810
Total Revenue per Form 990
$2,220,745
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,819,239
Salaries, Compensation, and Employee Benefits$223,138
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$377,473$125,824-$503,297
Depreciation Depletion$179,748$59,916-$239,664
Insurance$184,661$46,165-$230,826
Other Salaries and Wages$111,569$35,044-$146,613
Current Officers, Directors, Trustees, and Key Employees-$76,525-$76,525
Fees for Services Other$27,705$34,738-$62,443
Office Expenses$36,970$9,851-$46,821
Fees for Services Accounting$13,375$13,375-$26,750
Other Expenses$20,753$11,541-$20,753
Fees for Services Legal$13,761$4,587-$18,348
Information Technology$9,515$3,172-$12,687
All Other Expenses$5,081$1,506-$6,587
Total Functional Expenses$1,538,949$503,428$0$2,042,377

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,254,442
Expenses per Audited Statements$2,042,377
Total Expenses per Form 990$2,042,377
Expenses Not Reported on Form 990$212,065
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization delegated management duties to 4th Sector Solutions Inc.”

Form 990, Part VI, Section B, Line 11B

“A copy of the completed Form 990 is provided to the Organization's governing body before being filed with the IRS.”

Form 990, Part VI, Section B, Line 12C

“Each Board Member has to complete and sign a conflict of interest policy questionnaire each year and disclose any potential conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“The Organization has made all governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Thrive Foundation
EIN
46-4134463
Phone
2252397820
Address
2585 Brightside Dr, Baton Rouge, LA 70820

Signing Officer

Name
Dave Baxter
Title
Treasurer
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dave Baxter
Formed
2013
Legal Domicile
La
Voting Board Members
14
Independent Board Members
14
Employees
4

Preparer

Firm
Daigrepont & Brian a Prof Acct Corp
Address
910 S ACADIAN THRUWAY, BATON ROUGE, LA 70806
Preparer
John M Goodwin CPA
Phone
2259273760
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Foundation accounts for income taxes in accordance with FASB ASC 740-10, Accounting for Uncertainty in Income Taxes. Management believes it has no material uncertain tax positions and, accordingly has not recognized a liability for any unrecognized tax benefits. The Foundation is a non-profit Foundation that is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code.The Foundation files Form 990 in the U.S. federal jurisdiction. The Foundation is not subject to U.S. federal income tax examinations by tax authorities beyond three years from the filing of those returns.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/FactsAndCircumstancesTestTxt0Current Year Facts and Circumstances: Thrive Foundation is a nonprofit organization exempt under IRC 501(c)(3), formed in 2013 to support Thrive Academy, a state-sponsored charter boarding school in Louisiana. While our public support percentage over the applicable five-year period is between 10% and 33?%, we believe we qualify as a publicly supported organization under the 10% facts and circumstances test, based on the following considerations:1. Nature of Support: The majority of Thrive Foundations revenue is rental income from real property leased to Thrive Academy. This arrangement directly furthers our exempt purpose of providing facilities to enable the Academy to operate and expand its educational services to underserved students. All rental terms are at or below fair market value to support the Academys mission.2. Program Services to the Public: Though our primary income source is from a single related organization, the services Thrive Academy providespublic, tuition-free boarding educationare directly beneficial to the general public, particularly underserved communities. Our facilities enable these programs to function and expand, amplifying public benefit.3. Public Accountability and Governance: Thrive Foundation is governed by an independent board of directors, composed of professionals with backgrounds in education, law, finance, and community development. The board operates separately from Thrive Academy and provides oversight and strategic guidance aligned with our exempt mission.4. Fundraising and Outreach: We maintain a program to seek additional support from the public, private donors, and grantmaking foundations. While the majority of our revenue has historically come from our rental arrangement, we continue efforts to expand our donor base, including targeted campaigns, event-based fundraising, and grant applications.5. Operational Independence: Thrive Foundation manages the development, maintenance, and leasing of real property used by Thrive Academy. We ensure the facilities meet regulatory and operational standards and provide long-term infrastructure critical to the Academys growth and sustainability. All financial decisions are made independently by our board, with separate financial controls and audits. In consideration of these facts, we respectfully request recognition as a publicly supported organization under the 10% facts and circumstances test. Thrive Foundation plays an essential role in enabling Thrive Academys charitable mission and ultimately enhances educational opportunity for the public.
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