Civic Intelligence

Thrive Chicago Nfp

990 • Fiscal year 2018 • EIN 47-2478889

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 08, 2019

211 W Wacker DrChicago, IL 60606

(312) 445-5193

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.19x

Higher debt load relative to assets than 62% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

51st percentile

0.10x

Higher debt load relative to revenue than 51% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

16th percentile

-16%

Higher net margin than 16% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

88th percentile

$187,500

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

8th percentile

-16%

Faster asset growth than 8% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

63rd percentile

9.8%

Faster revenue growth than 63% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,253,393

Down $244,034 (-16%) from 2017

Net Assets

Down

$1,020,084

Down $388,020 (-28%) from 2017

Liabilities

Up

$233,309

Up $143,986 (+161%) from 2017

Revenue

Up

$2,434,066

Up $216,778 (+9.8%) from 2017

Expenses

Up

$2,822,086

Up $997,564 (+55%) from 2017

Net Income

Down

-$388,020

Down $780,786 (-199%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2015: $684,772Liabilities 2015: $45,545Net Assets 2015: $639,2272015Assets 2016: $1,102,715Liabilities 2016: $87,377Net Assets 2016: $1,015,3382016Assets 2017: $1,497,427Liabilities 2017: $89,323Net Assets 2017: $1,408,1042017Assets 2018: $1,253,393Liabilities 2018: $233,309Net Assets 2018: $1,020,0842018Assets 2019: $2,395,799Liabilities 2019: $388,954Net Assets 2019: $2,006,8452019Assets 2020: $3,319,263Liabilities 2020: $604,578Net Assets 2020: $2,714,6852020Assets 2021: $2,344,928Liabilities 2021: $324,748Net Assets 2021: $2,020,1802021Assets 2022: $943,781Liabilities 2022: $312,397Net Assets 2022: $631,3842022Assets 2023: $144,596Liabilities 2023: $211,666Net Assets 2023: -$67,0702023Assets 2024: $14,755Liabilities 2024: $147,230Net Assets 2024: -$132,4752024

Highlighted filing

2018

Assets$1,253,393
Liabilities$233,309
Net Assets$1,020,084

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $1,450,813Expenses 2015: $811,586Net Income 2015: $639,2272015Revenue 2016: $1,608,800Expenses 2016: $1,232,689Net Income 2016: $376,1112016Revenue 2017: $2,217,288Expenses 2017: $1,824,522Net Income 2017: $392,7662017Revenue 2018: $2,434,066Expenses 2018: $2,822,086Net Income 2018: -$388,0202018Revenue 2019: $3,967,298Expenses 2019: $4,174,537Net Income 2019: -$207,2392019Revenue 2020: $5,793,977Expenses 2020: $5,086,137Net Income 2020: $707,8402020Revenue 2021: $4,645,031Expenses 2021: $5,339,536Net Income 2021: -$694,5052021Revenue 2022: $2,146,619Expenses 2022: $3,535,415Net Income 2022: -$1,388,7962022Revenue 2023: $1,279,431Expenses 2023: $1,977,884Net Income 2023: -$698,4532023Revenue 2024: $3,310Expenses 2024: $68,715Net Income 2024: -$65,4052024

Highlighted filing

2018

Revenue$2,434,066
Expenses$2,822,086
Net Income-$388,020
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 8, 2019
Return Version
2018v3.1
Gross Receipts
$2,434,066
Mission and Program Overview

Mission

Thrive Chicago's mission is to prepare Chicago's youth for a vibrant future by aligning efforts and outcomes from cradle to career

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,193,902$725,962▼ $467,940
Pledges and Grants Receivable$211,476$411,193▲ $199,717
Land, Buildings, and Equipment, Net$47,613$61,699▲ $14,086
Prepaid Expenses and Deferred Charges$7,383$17,486▲ $10,103
Total Assets$1,497,427$1,253,393▼ $244,034
Other Assets Total$37,053$37,053→ $0
Liabilities
Accounts Payable and Accrued Expenses$89,323$233,309▲ $143,986
Total Liabilities$89,323$233,309▲ $143,986
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,293,291$1,835,060▲ $541,769
Unrestricted Net Assets$114,813$-814,976▼ $929,789
Total Net Assets Fund Balance$1,408,104$1,020,084▼ $388,020
Total Liabilities and Net Assets / Fund Balance$1,497,427$1,253,393▼ $244,034

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$39,488$5,785$45,273
Equipment$22,211$2,890$25,101
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
-Chief Strategy OfficerFT$187,500$187,500

Board Members and Trustees

NameTitle
Beth SwansonPresident
Arne DuncanDirector
Evelyn DiazDirector
Heather AnichiniDirector
Janice JacksonDirector
Juan SalgadoDirector
Justin ManleyDirector
Karin Norrington-ReevesDirector
Shelley Stern GrachFormer Director
-Assistant Secreaty and Ass
David HillerSecretary and Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Phalanx Family ServicesMentoring program837 W 119th St, Chicago, IL 60643$435,000
Revenue and Support

Revenue Composition

Contributions and Grants
$2,434,066
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,434,066
Change in Net Assets
$-388,020
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,671,123
Salaries, Compensation, and Employee Benefits$1,150,963
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,343,028--$1,343,028
Other Salaries and Wages$487,860$273,832-$761,692
Current Officers, Directors, Trustees, and Key Employees$187,500--$187,500
Other Employee Benefits$93,052$38,018-$131,070
Travel-$103,570-$103,570
Occupancy$61,059$24,940-$85,999
Payroll Taxes$50,976$19,725-$70,701
Fees for Services Accounting-$51,500-$51,500
Office Expenses$21,590$8,819-$30,409
Fees for Services Legal-$29,875-$29,875
Insurance$13,560$5,538-$19,098
Depreciation Depletion-$5,139-$5,139
Other Expenses-$2,505-$2,505
Total Functional Expenses$2,258,625$563,461$0$2,822,086
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Two officer postions of Thrive Chicago, (the Treasurer/Secretary and Assistant Treasurer/Assistant Secretary) are both employees of the Robert R McCormick Foundation.

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

After the Form 990 is completed, the tax return is reviewed by both the Treasurer of Thrive Chicago and legal counsel. Once the Treasurer and legal counsel are satisfied that the return has been prepared accurately in accordance with IRS instructions, a copy is sent to all Board members for their review.

Form 990, Part VI, Section B, line 12

Each year, Thrive Chicago's Annual Disclosure Statement and Conflict of Interest Policy are distributed to all employees, officers and Board members. Conflict of Interest Disclosure Statements must be completed each year by all employees, officers and Directors and returned to the Chair of the Board for review. if the Chair of the Board determines that there is in fact a conflict of interest involving an employee or officer, the matter is disclosed to the Board of Directors for resolution. Conflicts involving a Board member are handled in a similar matter, with the individual disclosing the conflict abstaining from any vote on the matter.

Form 990, Part VI, Section B, line 15

Compensation recommendations are reviewed by the Board in conjunction with the annual budget process and are based on employee performance, market comparability data, inflationary figures and budget constraints. Board approval/disapproval of recommmended salaries is documented in the minutes as approval/disapproval of the annual budget. Salaries of unbudgeted new hires are approved by both the Chair of the Board and the Treasurer based on the above stated criteria.

Form 990, Part VI, Section C, line 19

Thrive Chicago's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Thrive Chicago NFP
EIN
47-2478889
Phone
3124455193
Address
211 W Wacker Dr, Chicago, IL 60606

Signing Officer

Name
Gregory Gurley
Title
Director of Operations
Phone
3124455193
Signed
2019-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Gurley
Formed
2014
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Calibre CPA Group PLLC
Address
230 West Monroe St Ste 310, Chicago, IL 60606
Preparer
Joseph Pierson
Phone
3126550037
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Outside Contractural Services: Program service expenses 1,097,254. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,097,254. Consultants: Program service expenses 245,774. Management and general expenses 0. Fundraising expenses 0. Total expenses 245,774.

Form 990, Part XII, Line 2C

The oversight or selection process did not change during the tax year.

Financial Statement Notes

Part X, Line 2:

Thrive has received a favorable determination letter from the Internal Revenue Service stating that they are exempt from federal income taxes under the provisrons of Section 501(c)(3) of the Internal Revenue Code of 1986, except for income taxes pertaining to unrelated business income. The Financial Accounting Standards Board has issued guidance that requires the tax effects from uncertain tax positions to be recognized in the financial statements only if the position is more likely than not to be sustalned if the position were to be challenged by a taxing authority. Management has determined that there are no material uncertain positions that require recognition in the financial statements. Addltionally, no provision for income taxes is required for the financial statements. There is no interest or penalties recognized in the statement of activities or statement of financial position. The tax year ended 2017 and 2016 is still open to audit for both federal and state purposes.

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IRS990/Desc0Identify and build awareness of practices that improve youth outcomes from cradle to career and limit local disparities across various demographic groups and locations. Work with and through Change Networks to understand and implement those practices that can lead to citywide improvement in youth outcomes and ensure those working most closely with youth have the fata skills partners and resources they need to be successful.
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IRS990/PrincipalOfficerNm0Gregory Gurley
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02217288
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0797411
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0392766
IRS990/PYSalariesCompEmpBnftPaidAmt01027111
IRS990/PYTotalExpensesAmt01824522
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02217288
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-388020
IRS990/RegularMonitoringEnfrcInd00
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02217288
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01608800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01450813
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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/EquipmentGrp/BookValueAmt022211
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02890
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025101
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt039488
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05785
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt045273
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Thrive has received a favorable determination letter from the Internal Revenue Service stating that they are exempt from federal income taxes under the provisrons of Section 501(c)(3) of the Internal Revenue Code of 1986, except for income taxes pertaining to unrelated business income. The Financial Accounting Standards Board has issued guidance that requires the tax effects from uncertain tax positions to be recognized in the financial statements only if the position is more likely than not to be sustalned if the position were to be challenged by a taxing authority. Management has determined that there are no material uncertain positions that require recognition in the financial statements. Addltionally, no provision for income taxes is required for the financial statements. There is no interest or penalties recognized in the statement of activities or statement of financial position. The tax year ended 2017 and 2016 is still open to audit for both federal and state purposes.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt061699
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Two officer postions of Thrive Chicago, (the Treasurer/Secretary and Assistant Treasurer/Assistant Secretary) are both employees of the Robert R McCormick Foundation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1After the Form 990 is completed, the tax return is reviewed by both the Treasurer of Thrive Chicago and legal counsel. Once the Treasurer and legal counsel are satisfied that the return has been prepared accurately in accordance with IRS instructions, a copy is sent to all Board members for their review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each year, Thrive Chicago's Annual Disclosure Statement and Conflict of Interest Policy are distributed to all employees, officers and Board members. Conflict of Interest Disclosure Statements must be completed each year by all employees, officers and Directors and returned to the Chair of the Board for review. if the Chair of the Board determines that there is in fact a conflict of interest involving an employee or officer, the matter is disclosed to the Board of Directors for resolution. Conflicts involving a Board member are handled in a similar matter, with the individual disclosing the conflict abstaining from any vote on the matter.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation recommendations are reviewed by the Board in conjunction with the annual budget process and are based on employee performance, market comparability data, inflationary figures and budget constraints. Board approval/disapproval of recommmended salaries is documented in the minutes as approval/disapproval of the annual budget. Salaries of unbudgeted new hires are approved by both the Chair of the Board and the Treasurer based on the above stated criteria.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Thrive Chicago's governing documents, conflict of interest policy, and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Outside Contractural Services: Program service expenses 1,097,254. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,097,254. Consultants: Program service expenses 245,774. Management and general expenses 0. Fundraising expenses 0. Total expenses 245,774.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The oversight or selection process did not change during the tax year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2c
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02258625
IRS990/TotalFunctionalExpensesGrp/TotalAmt02822086
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0233309
IRS990/TotalLiabilitiesGrp/BOYAmt089323
IRS990/TotalLiabilitiesGrp/EOYAmt0233309
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01408104
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IRS990/TotalOtherCompensationAmt00
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IRS990/TotalReportableCompFromOrgAmt0187500
IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02434066
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01253393
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0103570
IRS990/TravelGrp/TotalAmt0103570
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0114813
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IRS990/USAddress/AddressLine1Txt0211 W Wacker Dr
IRS990/USAddress/CityNm0Chicago
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IRS990/WebsiteAddressTxt0www.thrivechi.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Gregory Gurley
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director of Operations
ReturnHeader/BusinessOfficerGrp/PhoneNum03124455193
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Thrive Chicago NFP
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ReturnHeader/Filer/USAddress/AddressLine1Txt0211 W Wacker Dr
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt038.100.43.100
ReturnHeader/FilingSecurityInformation/IPDt02019-11-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:27:54
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470900880
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Calibre CPA Group PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0230 West Monroe St Ste 310
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
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