Civic Intelligence

Thrival Academy Indy Inc.

990 • Fiscal year 2022 • EIN 82-2413891

Jul 01, 2021 to Jun 30, 2022 • Filed on May 11, 2023

Organization ProfileTHRIVALINDY.ORG
4825 North Arlington AvenueIndianapolis, IN 46226

(317) 226-4868

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.04x

Higher debt load relative to assets than 43% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

22nd percentile

0.00x

Higher debt load relative to revenue than 22% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

38th percentile

1.4%

Higher net margin than 38% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

78th percentile

$126,256

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

7th percentile

-20%

Faster asset growth than 7% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

87th percentile

70%

Faster revenue growth than 87% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$144,549

Down $37,219 (-20%) from 2021

Net Assets

Up

$139,196

Up $18,018 (+15%) from 2021

Liabilities

Down

$5,353

Down $55,237 (-91%) from 2021

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin38th percentile

Revenue

Up

$1,325,386

Up $547,899 (+70%) from 2021

Expenses

Up

$1,307,368

Up $618,378 (+90%) from 2021

Net Income

Down

$18,018

Down $70,479 (-80%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$200K$150K$100K$50K$0Assets 2019: $199,943Liabilities 2019: $2,446Net Assets 2019: $197,4972019Assets 2020: $71,643Liabilities 2020: $38,962Net Assets 2020: $32,6812020Assets 2021: $181,768Liabilities 2021: $60,590Net Assets 2021: $121,1782021Assets 2022: $144,549Liabilities 2022: $5,353Net Assets 2022: $139,1962022Assets 2023: $78,667Liabilities 2023: $6,886Net Assets 2023: $71,7812023Assets 2024: $128,554Liabilities 2024: $0Net Assets 2024: $128,5542024

Highlighted filing

2022

Assets$144,549
Liabilities$5,353
Net Assets$139,196
Open 2022 Filing

Operations Trend

Revenue Growth87th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2019: $777,842Expenses 2019: $580,345Net Income 2019: $197,4972019Revenue 2020: $6,018Expenses 2020: $169,798Net Income 2020: -$163,7802020Revenue 2021: $777,487Expenses 2021: $688,990Net Income 2021: $88,4972021Revenue 2022: $1,325,386Expenses 2022: $1,307,368Net Income 2022: $18,0182022Revenue 2023: $1,906,554Expenses 2023: $1,973,969Net Income 2023: -$67,4152023Revenue 2024: $1,702,433Expenses 2024: $1,645,660Net Income 2024: $56,7732024

Highlighted filing

2022

Revenue$1,325,386
Expenses$1,307,368
Net Income$18,018
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 11, 2023
Return Version
2021v4.2
Gross Receipts
$1,325,386
Mission and Program Overview

Mission

Thrival academy indy is a humanities-focused high school which exposes students to diverse global perspectives through experiential learning and identity exploration in order to incubate educated global citizens and passionate community leaders.

Thrival indy academy is a humanities-focused high school which exposes students to diverse global perspectives through experiential learning and identity exploration in order to incubate educated global citizens and passionate community leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$162,322$137,214▼ $25,108
Savings and Temporary Cash Investments$15,925--
Prepaid Expenses and Deferred Charges$3,521$7,335▲ $3,814
Total Assets$181,768$144,549▼ $37,219
Liabilities
Unsecured Notes Loans Payable$60,590$0▼ $60,590
Other Liabilities$0$5,353▲ $5,353
Total Liabilities$60,590$5,353▼ $55,237
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$121,178$139,196▲ $18,018
Total Net Assets Fund Balance$121,178$139,196▲ $18,018
Total Liabilities and Net Assets / Fund Balance$181,768$144,549▼ $37,219
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
India HuiExecutive DirectorFT$118,494$7,762$126,256

Board Members and Trustees

NameTitle
Charles BradshawChair
Brandon RandallVice Chair
Blair HartmanBoard Director
Candice ChildsBoard Director
Rosetta ClayBoard Director
Roya PorterBoard Director
Tyler AlfordBoard Director
Julius MansaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,323,210
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$2,176
All Other Contributions
$822
Change in Net Assets
$18,018

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,325,386
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$509,380
Total Revenue per Audited Statements
$1,834,766
Total Revenue per Form 990
$1,325,386
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,223,482
Other Expenses$83,886
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$812,504$101,274-$913,778
Current Officers, Directors, Trustees, and Key Employees$112,263$13,993-$126,256
Payroll Taxes$74,111$9,509-$83,620
Other Employee Benefits$47,679$6,143-$53,822
Pension Plan Contributions$40,774$5,232-$46,006
Fees for Services Other$26,131--$26,131
Other Expenses$25,259--$25,259
Advertising$14,902--$14,902
Insurance$10,928--$10,928
Travel$4,816--$4,816
Information Technology$1,850--$1,850
Total Functional Expenses$1,171,217$136,151$0$1,307,368

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,816,748
Expenses per Audited Statements$1,307,368
Total Expenses per Form 990$1,307,368
Expenses Not Reported on Form 990$509,380
Expenses Not Reported on Financial Statements$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Withholding Liabilities$5,353
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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
No

Governance Explanations

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

“The executive director and/or board treasurer reviews the form 990 before filing.”

Form 990, Part VI, Section B, Line 12C

“Board members are asked to sign a board agreement annually, in which conflict of interest is covered.”

Form 990, Part VI, Section B, Line 15A

“There is a review of publicly available data on pay in similar roles in the area, followed by board deliberation and voting.”

Form 990, Part VI, Section C, Line 19

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Thrival Academy Indy Inc
EIN
82-2413891
Phone
3172264868
Address
4825 NORTH ARLINGTON AVENUE, INDIANAPOLIS, IN 46226
Doing Business As
Thrival Indy Academy

Signing Officer

Name
Julius Mansa
Title
Board Treasurer
Phone
3172264868
Signed
2023-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julius Mansa
Formed
2017
Legal Domicile
In
Voting Board Members
8
Independent Board Members
8
Employees
42
Volunteers
8

Preparer

Firm
Donovan Pc
Address
5151 E US HWY 36, AVON, IN 46123
Preparer
Jeffrey M Donovan CPA Cva Maff
Phone
3177456411
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The school has adopted applicable guidance with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit will be recorded. The school does not expect the total amount of unrecorded tax benefits to significantly change in the next 12 months. The school recognizes interest and/or penalties related to income tax matters in income tax expense. The school did not incur any amounts for interest and penalties as of june 30, 2022 and 2021, respectively.”

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS ADOPTED APPLICABLE GUIDANCE WITH RESPECT TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT WILL BE RECORDED. THE SCHOOL DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECORDED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE SCHOOL RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE SCHOOL DID NOT INCUR ANY AMOUNTS FOR INTEREST AND PENALTIES AS OF JUNE 30, 2022 AND 2021, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt01307368
IRS990ScheduleD/TotalLiabilityAmt05353
IRS990ScheduleD/TotalRevenuePerForm990Amt01325386
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01834766
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01816748
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0CREATING THE INFRASTRUCTURE FOR ALL STAFF MEMBERS TO HAVE ACCESS TO ROBUST PROFESSIONAL LEARNING EXPERIENCES AROUND RACIAL EQUITY. ACTIVATING AND RESPONDING ACCORDINGLY TO SUPPORT THE DISTRICT'S MOST VULNERABLE COMMUNITIES, ESPECIALLY IN THE EVENT OF AN UNPRECEDENTED CRISIS (E.G., A GLOBAL PANDEMIC). INTENTIONALLY ENSURING THAT ALL STUDENTS HAVE ACCESS TO HIGH-QUALITY, CULTURALLY RELEVANT CURRICULUMS AND INSTRUCTIONAL MATERIALS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1N/A - THE ORGANIZATION DOES NOT AWARD SCHOLARSHIPS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION RECEIVES FUNDING FROM THE STATE OF INDIANA AS WELL AS VARIOUS FEDERALLY-FUNDED EDUCATIONAL PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR AND/OR BOARD TREASURER REVIEWS THE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE ASKED TO SIGN A BOARD AGREEMENT ANNUALLY, IN WHICH CONFLICT OF INTEREST IS COVERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE IS A REVIEW OF PUBLICLY AVAILABLE DATA ON PAY IN SIMILAR ROLES IN THE AREA, FOLLOWED BY BOARD DELIBERATION AND VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0181768
IRS990/TotalAssetsEOYAmt0144549
IRS990/TotalAssetsGrp/BOYAmt0181768
IRS990/TotalAssetsGrp/EOYAmt0144549
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01323210
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0136151
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01171217
IRS990/TotalFunctionalExpensesGrp/TotalAmt01307368
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt060590
IRS990/TotalLiabilitiesEOYAmt05353
IRS990/TotalLiabilitiesGrp/BOYAmt060590
IRS990/TotalLiabilitiesGrp/EOYAmt05353
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0121178
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0139196
IRS990/TotalOtherCompensationAmt07762
IRS990/TotalProgramServiceExpensesAmt01171217
IRS990/TotalReportableCompFromOrgAmt0118494
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02176
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01325386
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0181768
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0144549
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04816
IRS990/TravelGrp/TotalAmt04816
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt060590
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04825 NORTH ARLINGTON AVENUE
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046226
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0THRIVALINDY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIUS MANSA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03172264868
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THRIVAL ACADEMY INDY INC
ReturnHeader/Filer/BusinessNameControlTxt0THRI
ReturnHeader/Filer/EIN0822413891
ReturnHeader/Filer/PhoneNum03172264868
ReturnHeader/Filer/USAddress/AddressLine1Txt04825 NORTH ARLINGTON AVENUE
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046226
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351356555
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DONOVAN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05151 E US HWY 36
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AVON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046123
ReturnHeader/PreparerPersonGrp/PhoneNum03177456411
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY M DONOVAN CPA CVA MAFF
ReturnHeader/ReturnTs02023-05-15T10:46:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JULIUS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MANSA
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$144,549
Liabilities
$5,353
Net assets
$139,196
Revenue
$1,325,386
Expenses
$1,307,368
Net income
$18,018
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$1.70$1.65$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.08$0.01$0.07$1.91$1.97$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.14$0.01$0.14$1.33$1.31$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.18$0.06$0.12$0.78$0.69$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.07$0.04$0.03$0.01$0.17$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.78$0.58$0.20