Civic Intelligence

Thrive Foundation

990 • Fiscal year 2020 • EIN 46-4134463

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 20, 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.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

5.53x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

24th percentile

-5.3%

Higher net margin than 24% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

23rd percentile

-1.1%

Faster asset growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

81st percentile

25%

Faster revenue growth than 81% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$14,802,486

Down $164,253 (-1.1%) from 2019

Net Assets

Down

$2,892,080

Down $114,196 (-3.8%) from 2019

Liabilities

Down

$11,910,406

Down $50,057 (-0.4%) from 2019

Revenue

Up

$2,154,530

Up $428,567 (+25%) from 2019

Expenses

Up

$2,268,726

Up $198,746 (+9.6%) from 2019

Net Income

Up

-$114,196

Up $229,821 (+67%) from 2019

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

2020

Assets$14,802,486
Liabilities$11,910,406
Net Assets$2,892,080

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

2020

Revenue$2,154,530
Expenses$2,268,726
Net Income-$114,196
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 20, 2020
Return Version
2019v5.0
Gross Receipts
$2,154,530
Mission and Program Overview

Mission

To provide fundraising and facilities support to Thrive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,320,728$9,068,698▼ $252,030
Other Notes and Loans Receivable, Net$5,482,979$5,539,200▲ $56,221
Accounts Receivable$109,351$99,791▼ $9,560
Cash and Non-Interest-Bearing Accounts$37,338$91,178▲ $53,840
Prepaid Expenses and Deferred Charges$16,343$3,619▼ $12,724
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$14,966,739$14,802,486▼ $164,253
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,826,281$11,731,545▼ $94,736
Accounts Payable and Accrued Expenses$134,182$138,861▲ $4,679
Other Liabilities-$40,000-
Total Liabilities$11,960,463$11,910,406▼ $50,057
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,006,276$2,892,080▼ $114,196
Total Net Assets Fund Balance$3,006,276$2,892,080▼ $114,196
Total Liabilities and Net Assets / Fund Balance$14,966,739$14,802,486▼ $164,253

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,686,970$964,406$8,651,376
Land$1,200,000-$1,200,000
Equipment$136,687$87,278$223,965
Other Land Buildings$45,041$891$45,932
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Demitria A LarryDirectorFT$61,200$61,200

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
$502,470
Program Service Revenue
$1,652,060
Investment Income
$0
Other Revenue
$0
All Other Contributions
$502,470
Change in Net Assets
$-114,196

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,154,530
Total Revenue per Audited Statements
$2,154,530
Total Revenue per Form 990
$2,154,530
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,941,470
Salaries, Compensation, and Employee Benefits$327,256
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$516,193$172,064-$688,257
Depreciation Depletion$242,238$80,746-$322,984
Other Salaries and Wages$7,235$205,306-$212,541
All Other Expenses$97,774$42,338-$140,112
Insurance$98,002$24,500-$122,502
Other Expenses$84,746$21,187-$105,933
Fees for Services Other$48,754$36,814-$85,568
Current Officers, Directors, Trustees, and Key Employees$61,200--$61,200
Other Employee Benefits$8,838$26,512-$35,350
Payroll Taxes$4,542$13,623-$18,165
Occupancy$839$279-$1,118
Total Functional Expenses$1,554,760$713,966$0$2,268,726

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,268,726
Total Expenses per Audited Statements$2,268,726
Total Expenses per Form 990$2,268,726
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to related organization$40,000
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 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, 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
Demitria Larry
Title
Director
Signed
2020-11-20
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
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IRS990/PayrollTaxesGrp/ProgramServicesAmt04542
IRS990/PayrollTaxesGrp/TotalAmt018165
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016343
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03619
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Interest income
IRS990/ProgramServiceRevenueGrp/Desc1Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0212343
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11439717
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0212343
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11439717
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0444099
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01857442
IRS990/PYProgramServiceRevenueAmt01281864
IRS990/PYRevenuesLessExpensesAmt0-344017
IRS990/PYSalariesCompEmpBnftPaidAmt0212538
IRS990/PYTotalExpensesAmt02069980
IRS990/PYTotalRevenueAmt01725963
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-114196
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01652060
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0502470
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0444099
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0726079
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0387133
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt02456330
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04516111
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0212343
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0212343
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0212343
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0212343
IRS990ScheduleA/InvestmentIncomeCYPct00.02480
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01439717
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01281864
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01125434
IRS990ScheduleA/OtherIncome509Grp/TotalAmt03847015
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.52660
IRS990ScheduleA/PublicSupportTotal509Amt04516111
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0502470
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0444099
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0726079
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0387133
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02456330
IRS990ScheduleA/Total509Grp/TotalAmt04516111
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02154530
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01725963
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01851513
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0387133
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02456330
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08575469
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/BookValueAmt07686970
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0964406
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08651376
IRS990ScheduleD/EquipmentGrp/BookValueAmt0136687
IRS990ScheduleD/EquipmentGrp/DepreciationAmt087278
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0223965
IRS990ScheduleD/ExpensesSubtotalAmt02268726
IRS990ScheduleD/LandGrp/BookValueAmt01200000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01200000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt045041
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0891
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt045932
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt040000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to related organization
IRS990ScheduleD/RevenueSubtotalAmt02154530
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09068698
IRS990ScheduleD/TotalExpensesPerForm990Amt02268726
IRS990ScheduleD/TotalLiabilityAmt040000
IRS990ScheduleD/TotalRevenuePerForm990Amt02154530
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02154530
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02268726
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization delegated management duties to 4th Sector Solutions Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A copy of the completed Form 990 is provided to the Organization's governing body before being filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each Board Member has to complete and sign a conflict of interest policy questionnaire each year and disclose any potential conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization has made all governing documents and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
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

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