Civic Intelligence

Thrive Foundation

990 • Fiscal year 2021 • EIN 46-4134463

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 29, 2021

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

87th percentile

0.78x

Higher debt load relative to assets than 87% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

94th percentile

5.18x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

41st percentile

8.1%

Higher net margin than 41% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

17th percentile

$53,737

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

17th percentile

-2.1%

Faster asset growth than 17% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

33rd percentile

1.8%

Faster revenue growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Down

$14,484,736

Down $317,750 (-2.1%) from 2020

Net Assets

Up

$3,121,290

Up $229,210 (+7.9%) from 2020

Liabilities

Down

$11,363,446

Down $546,960 (-4.6%) from 2020

Revenue

Up

$2,192,243

Up $37,713 (+1.8%) from 2020

Expenses

Down

$2,015,030

Down $253,696 (-11%) from 2020

Net Income

Up

$177,213

Up $291,409 (+255%) from 2020

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

2021

Assets$14,484,736
Liabilities$11,363,446
Net Assets$3,121,290

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

2021

Revenue$2,192,243
Expenses$2,015,030
Net Income$177,213
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 29, 2021
Return Version
2020v4.0
Gross Receipts
$2,192,243
Mission and Program Overview

Mission

To provide fundraising and facilities support to Thrive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,068,698$8,787,352▼ $281,346
Other Notes and Loans Receivable, Net$5,539,200$5,539,200→ $0
Cash and Non-Interest-Bearing Accounts$91,178$105,085▲ $13,907
Accounts Receivable$99,791$53,095▼ $46,696
Prepaid Expenses and Deferred Charges$3,619$0▼ $3,619
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$14,802,486$14,484,736▼ $317,750
Other Assets Total-$4-
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,731,545$11,225,034▼ $506,511
Accounts Payable and Accrued Expenses$138,861$113,412▼ $25,449
Other Liabilities$40,000--
Deferred Revenue-$25,000-
Total Liabilities$11,910,406$11,363,446▼ $546,960
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,892,080$3,121,290▲ $229,210
Total Net Assets Fund Balance$2,892,080$3,121,290▲ $229,210
Total Liabilities and Net Assets / Fund Balance$14,802,486$14,484,736▼ $317,750

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,521,189$1,025,948$8,547,137
Land$1,200,000-$1,200,000
Equipment$26,536$190,728$217,264
Leasehold Improvements$11,705$100,434$112,139
Other Land Buildings$27,922$18,010$45,932
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Demitria LarryExecutive DirectorFT$53,737$53,737

Board Members and Trustees

NameTitle
Chloe WileyChair
Patricia CalfeePresident/CEO
Amos DavisVice Chair
Christel SlaughterBoard Member
Jaime Baker-WongBoard Member
Joseph HollinsBoard Member
Matthew ValliereBoard Member
Wendy DanielsBoard member
Brandi ConradSecretary
Dave BaxterTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ascentium Capital LLCEquipment lease23970 US-59, Kingwood, TX 77339$130,948
Revenue and Support

Revenue Composition

Contributions and Grants
$616,464
Program Service Revenue
$1,575,779
Investment Income
$0
Other Revenue
$0
All Other Contributions
$616,464
Change in Net Assets
$177,213

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,192,243
Total Revenue per Audited Statements
$2,192,243
Total Revenue per Form 990
$2,192,243
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,779,250
Salaries, Compensation, and Employee Benefits$235,780
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$443,783$147,928-$591,711
Depreciation Depletion$223,580$74,527-$298,107
All Other Expenses$134,094$4,788-$138,882
Other Salaries and Wages$20,267$114,539-$134,806
Other Expenses$62,319$62,319-$124,638
Insurance$91,376$22,844-$114,220
Fees for Services Other$28,735$30,156-$58,891
Current Officers, Directors, Trustees, and Key Employees$26,869$26,868-$53,737
Other Employee Benefits$8,014$24,041-$32,055
Payroll Taxes$3,796$11,386-$15,182
Total Functional Expenses$1,389,248$625,782$0$2,015,030

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,015,030
Total Expenses per Audited Statements$2,015,030
Total Expenses per Form 990$2,015,030
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 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
Patricia E Calfee
Title
President/ CEO
Signed
2021-11-29
Discuss with paid preparer
Yes

Organization Details

Formed
2013
Legal Domicile
La
Voting Board Members
11
Independent Board Members
0
Employees
5

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/MortgNotesPyblScrdInvstPropGrp/EOYAmt011225034
IRS990/NetAssetsOrFundBalancesBOYAmt02892080
IRS990/NetAssetsOrFundBalancesEOYAmt03121290
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02892080
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03121290
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt04
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt024041
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08014
IRS990/OtherEmployeeBenefitsGrp/TotalAmt032055
IRS990/OtherExpensesGrp/Desc0Utilities
IRS990/OtherExpensesGrp/Desc1Repairs and maintenance
IRS990/OtherExpensesGrp/Desc2Equipment & Furniture
IRS990/OtherExpensesGrp/Desc3Facility expense
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt041882
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt137246
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt227258
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt362319
IRS990/OtherExpensesGrp/ProgramServicesAmt0125647
IRS990/OtherExpensesGrp/ProgramServicesAmt1111738
IRS990/OtherExpensesGrp/ProgramServicesAmt2109030
IRS990/OtherExpensesGrp/ProgramServicesAmt362319
IRS990/OtherExpensesGrp/TotalAmt0167529
IRS990/OtherExpensesGrp/TotalAmt1148984
IRS990/OtherExpensesGrp/TotalAmt2136288
IRS990/OtherExpensesGrp/TotalAmt3124638
IRS990/OtherLiabilitiesGrp/BOYAmt040000
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0114539
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt020267
IRS990/OtherSalariesAndWagesGrp/TotalAmt0134806
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05539200
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt05539200
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011386
IRS990/PayrollTaxesGrp/ProgramServicesAmt03796
IRS990/PayrollTaxesGrp/TotalAmt015182
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03619
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PriorPeriodAdjustmentsAmt051997
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Interest income
IRS990/ProgramServiceRevenueGrp/Desc1Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0212378
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11363401
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0212378
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11363401
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0502470
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01941470
IRS990/PYProgramServiceRevenueAmt01652060
IRS990/PYRevenuesLessExpensesAmt0-114196
IRS990/PYSalariesCompEmpBnftPaidAmt0327256
IRS990/PYTotalExpensesAmt02268726
IRS990/PYTotalRevenueAmt02154530
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0177213
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01575779
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0616464
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0502470
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0444099
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0726079
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0387133
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02676245
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0212378
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0212343
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0424721
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0212378
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0212343
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0424721
IRS990ScheduleA/InvestmentIncomeCYPct00.05110
IRS990ScheduleA/InvestmentIncomePYPct00.02480
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01363401
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01439717
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01281864
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01125434
IRS990ScheduleA/OtherIncome509Grp/TotalAmt05210416
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.32200
IRS990ScheduleA/PublicSupportPY509Pct00.52660
IRS990ScheduleA/PublicSupportTotal509Amt02676245
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0502470
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0444099
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0726079
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0387133
IRS990ScheduleA/Total509Grp/TotalAmt02676245
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02192243
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02154530
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01725963
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01851513
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0387133
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08311382
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/BookValueAmt07521189
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01025948
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08547137
IRS990ScheduleD/EquipmentGrp/BookValueAmt026536
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0190728
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0217264
IRS990ScheduleD/ExpensesSubtotalAmt02015030
IRS990ScheduleD/LandGrp/BookValueAmt01200000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01200000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt011705
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0100434
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0112139
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt027922
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018010

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