Civic Intelligence

Thrive Foundation

990 • Fiscal year 2019 • EIN 46-4134463

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 30, 2020

2585 Brightside DrBaton Rouge, LA 70820

(225) 239-7820

Siviq Scores

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

Liabilities / Assets

86th percentile

0.80x

Higher debt load relative to assets than 86% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

6.93x

Higher debt load relative to revenue than 95% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

11th percentile

-20%

Higher net margin than 11% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

94th percentile

48%

Faster asset growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

23rd percentile

-6.8%

Faster revenue growth than 23% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$14,966,739

Up $4,865,275 (+48%) from 2018

Net Assets

Down

$3,006,276

Down $344,017 (-10%) from 2018

Liabilities

Up

$11,960,463

Up $5,209,292 (+77%) from 2018

Revenue

Down

$1,725,963

Down $125,550 (-6.8%) from 2018

Expenses

Up

$2,069,980

Up $717,333 (+53%) from 2018

Net Income

Down

-$344,017

Down $842,883 (-169%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2019

Assets$14,966,739
Liabilities$11,960,463
Net Assets$3,006,276

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$1,725,963
Expenses$2,069,980
Net Income-$344,017
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 30, 2020
Return Version
2018v3.1
Gross Receipts
$1,725,963
Mission and Program Overview

Mission

To provide fundraising and facilities support to Thrive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,530,076$9,320,728▼ $209,348
Other Notes and Loans Receivable, Net-$5,482,979-
Accounts Receivable$38,175$109,351▲ $71,176
Cash and Non-Interest-Bearing Accounts$238,087$37,338▼ $200,749
Prepaid Expenses and Deferred Charges$17,480$16,343▼ $1,137
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$10,101,464$14,966,739▲ $4,865,275
Other Assets Total$277,646$0▼ $277,646
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,511,445$11,826,281▲ $5,314,836
Other Liabilities$143,856--
Accounts Payable and Accrued Expenses$95,870$134,182▲ $38,312
Total Liabilities$6,751,171$11,960,463▲ $5,209,292
Net Assets / Fund Balance
Unrestricted Net Assets$3,350,293$3,006,276▼ $344,017
Total Net Assets Fund Balance$3,350,293$3,006,276▼ $344,017
Total Liabilities and Net Assets / Fund Balance$10,101,464$14,966,739▲ $4,865,275

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,992,805$641,401$8,634,206
Land$1,200,000-$1,200,000
Equipment$125,047$87,278$212,325
Other Land Buildings$2,876$891$3,767
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chloe WileyPresident
Brandi ConradDirector
Jaime Baker-WongDirector
Joseph HollinsDirector
Sharon DouglasDirector
Agatha DemangeauxSecretary
Dave BaxterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$444,099
Program Service Revenue
$1,281,864
Investment Income
$0
Other Revenue
$0
All Other Contributions
$444,099
Change in Net Assets
$-344,017

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,725,963
Total Revenue per Audited Statements
$1,725,963
Total Revenue per Form 990
$1,725,963
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,857,442
Salaries, Compensation, and Employee Benefits$212,538
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$399,247$133,082-$532,329
Depreciation Depletion$235,366$78,455-$313,821
Other Salaries and Wages$42,512$127,536-$170,048
All Other Expenses$111,855$16,633-$128,488
Other Expenses$74,957$24,986-$99,943
Fees for Services Other$29,254$30,314-$59,568
Insurance$43,091$10,773-$53,864
Other Employee Benefits$7,210$21,631-$28,841
Payroll Taxes$3,412$10,237-$13,649
Occupancy$2,196$732-$2,928
Total Functional Expenses$1,539,058$530,922$0$2,069,980

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,069,980
Total Expenses per Audited Statements$2,069,980
Total Expenses per Form 990$2,069,980
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
Yes
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, Line 3: Description of Delegated Duties to Management Company

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

Form 990, Part VI, Line 11B: Form 990 Review Process

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, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

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, Line 19: Other Organization Documents Publicly Available

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
Chloe Wiley
Title
President
Signed
2020-04-30
Discuss with paid preparer
Yes

Organization Details

Formed
2013
Legal Domicile
La
Voting Board Members
7
Independent Board Members
0
Employees
8

Preparer

Firm
Daigrepont & Brian APAC
Address
910 S Acadian Thruway, Baton Rouge, LA 70806
Preparer
John M Goodwin CPA
Phone
2259273760
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2: New Services

Thrive Foundation acted as the leverage lender in the New Market Tax Credit agreement entered into in order to provide funding to construct new facilities for Thrive Academy.

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IRS990/ProgramServiceRevenueGrp/Desc1Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0152830
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11129034
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0152830
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11129034
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0726079
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01168856
IRS990/PYProgramServiceRevenueAmt01125434
IRS990/PYRevenuesLessExpensesAmt0498866
IRS990/PYSalariesCompEmpBnftPaidAmt0183791
IRS990/PYTotalExpensesAmt01352647
IRS990/PYTotalRevenueAmt01851513
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-344017
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01281864
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0444099
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0726079
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0387133
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02456330
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04013641
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01281864
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01125434
IRS990ScheduleA/OtherIncome509Grp/TotalAmt02407298
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt04013641
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0444099
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0726079
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0387133
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02456330
IRS990ScheduleA/Total509Grp/TotalAmt04013641
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01725963
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01851513
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0387133
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02456330
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06420939
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt07992805
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0641401
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08634206
IRS990ScheduleD/EquipmentGrp/BookValueAmt0125047
IRS990ScheduleD/EquipmentGrp/DepreciationAmt087278
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0212325
IRS990ScheduleD/ExpensesSubtotalAmt02069980
IRS990ScheduleD/LandGrp/BookValueAmt01200000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01200000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02876
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0891
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03767
IRS990ScheduleD/RevenueSubtotalAmt01725963
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09320728
IRS990ScheduleD/TotalExpensesPerForm990Amt02069980
IRS990ScheduleD/TotalRevenuePerForm990Amt01725963
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01725963
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02069980
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Thrive Foundation acted as the leverage lender in the New Market Tax Credit agreement entered into in order to provide funding to construct new facilities for Thrive Academy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization delegated management duties to 4th Sector Solutions Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A copy of the completed Form 990 is provided to the Organization's governing body before being filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Each Board Member has to complete and sign a conflict of interest policy questionnaire each year and disclose any potential conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization has made all governing documents and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 2: New Services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Thrive Baton Rouge
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0275473721
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Operates Thrive BR school and programs
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02585 Brightside Dr
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Baton Rouge
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd070820
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01125434

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