Civic Intelligence

Thrive School Network

990EZ • Fiscal year 2021 • EIN 81-4086748

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 20, 2021

3900 Essex Lane Suite 1200Houston, TX 77027

(713) 202-0549

Siviq Scores

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

Liabilities / Assets

85th percentile

0.30x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

0.88x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

13th percentile

-43%

Higher net margin than 13% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

97th percentile

$48,000

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 36.6% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

23rd percentile

-13%

Faster asset growth than 23% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2021

Revenue Growth

33rd percentile

-17%

Faster revenue growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2021

Assets

Down

$378,867

Down $47,833 (-11%) from 2020

Net Assets

Down

$263,608

Down $56,434 (-18%) from 2020

Liabilities

Up

$115,259

Up $8,601 (+8.1%) from 2020

Revenue

Down

$131,312

Down $149,182 (-53%) from 2020

Expenses

Down

$187,746

Down $275,339 (-59%) from 2020

Net Income

Up

-$56,434

Up $126,157 (+69%) from 2020

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2017: $363,266Liabilities 2017: $2,235Net Assets 2017: $361,0312017Assets 2018: $527,819Liabilities 2018: $0Net Assets 2018: $527,8192018Assets 2019: $503,133Liabilities 2019: $500Net Assets 2019: $502,6332019Assets 2020: $426,700Liabilities 2020: $106,658Net Assets 2020: $320,0422020Assets 2021: $378,867Liabilities 2021: $115,259Net Assets 2021: $263,6082021Assets 2022: $471,823Liabilities 2022: $105,698Net Assets 2022: $366,1252022Assets 2023: $429,193Liabilities 2023: $100,437Net Assets 2023: $328,7562023Assets 2024: $409,875Liabilities 2024: $95,038Net Assets 2024: $314,8372024

Highlighted filing

2021

Assets$378,867
Liabilities$115,259
Net Assets$263,608

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2017: $434,332Expenses 2017: $73,301Net Income 2017: $361,0312017Revenue 2018: $179,555Expenses 2018: $12,767Net Income 2018: $166,7882018Revenue 2019: $190,162Expenses 2019: $164,454Net Income 2019: $25,7082019Revenue 2020: $280,494Expenses 2020: $463,085Net Income 2020: -$182,5912020Revenue 2021: $131,312Expenses 2021: $187,746Net Income 2021: -$56,4342021Revenue 2022: $181,957Expenses 2022: $79,440Net Income 2022: $102,5172022Revenue 2023: $15,330Expenses 2023: $52,699Net Income 2023: -$37,3692023Revenue 2024: $13,548Expenses 2024: $27,467Net Income 2024: -$13,9192024

Highlighted filing

2021

Revenue$131,312
Expenses$187,746
Net Income-$56,434
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 20, 2021
Return Version
2020v4.1
Gross Receipts
$131,312
Mission and Program Overview

Mission

The mission of thrive school network is to deliver a variety of pioneering educational programs to houston public school students. The vision of thrive is that all of houston's children experience post-secondary success and become contributing, successful adults.

To recruit, select and train educators to become school leaders in their communities, thus preparing the next generation of leaders to help even more children achieve their dreams.

Program Services

DescriptionGrantsExpenses
HURWITZ FELLOWSHIP WILL RECRUIT, SELECT, AND TRAIN THE CHILDREN FROM FIRST GENERATION EDUCATION REFORM SCHOOLS, ALONG WITH THEIR PEERS, WHO ARE PREPARED TO BE THE NEXT GENERATION SCHOOL LEADERS IN THEIR COMMUNITIES. THESE LEADERS WILL BE SCHOOL FOUNDERS, STARTING NEW SCHOOLS, AS WELL AS SCHOOL LEADERS, ASSUMING LEADERSHIP OF EXISTING SCHOOLS. THE HURWITZ FELLOWSHIP IS FLEXIBLE ON THE TYPE OF SCHOOL, AS LONG AS OUR FELLOWS ARE RETURNING TO THEIR COMMUNITIES TO HELP MORE CHILDREN LEARN AND GROW. THUS THE HURWITZ FELLOWSHIP WILL PAY IT - FORWARD TO HELP THE FIRST GENERATION OF EDUCATION REFORM KIDS BE SUCCESSFUL AS THEY LEAD SCHOOLS TO EXPAND THE MOVEMENT IN THEIR COMMUNITY.$0$130,374
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MIKE FEINBERGChairmanPT$48,000-$48,000
DEBBIE HURWITZSecretary/Treasurer-$0--
KAROL MUSHERDirector-$0--
BARBARA HURWITZDirector-$0--
PETER SHAPERDirector-$0--
DAVID DUCOTEDirector-$0--
COURTNEY SAROFIMDirector-$0--
LARRY ELLIOTTDirector-$0--
MARC OSTERDirector-$0--
DAN GILBANEDirector-$0--
Filing and Contact Details

Filer

Filer Name
Thrive School Network
EIN
81-4086748
Phone
7132020549
Address
3900 ESSEX LANE SUITE 1200, HOUSTON, TX 77027

Signing Officer

Name
Mike Feinberg
Title
Chairman
Phone
7132020549
Signed
2021-12-20
Discuss with paid preparer
Yes

Preparer

Firm
Cliftonlarsonallen Llp
Address
801 CHERRY ST SUITE 1400, FORT WORTH, TX 76102
Preparer
Michaela J Cromar CPA
Phone
8178775000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 857.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: consultants & service providers. Amount: 10,163. Description: technology/web. Amount: 2,211. Description: insurance. Amount: 661. Description: bank charges & fees. Amount: 901. Total to form 990-ez, line 16: 13,936.

Form 990-ez, Part II, Line 24 - Other Assets

Description: prepaid expenses. Beg. Of year amount: 1,054. End of year amount: 868.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable and accrued expenses. Beg. Of year amount: 1,558. End of year amount: 10,959. Description: loans payable. Beg. Of year amount: 105,100. End of year amount: 104,300.

Raw XML Appendix199 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 857.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/TaxPeriodEndDt02021-06-30
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