Civic Intelligence

Thrive Academy

990 • Fiscal year 2019 • EIN 82-4993816

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 28, 2019

1231 Wirt RoadHouston, TX 77055

(713) 263-3800

Siviq Scores

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

Liabilities / Assets

59th percentile

0.07x

Higher debt load relative to assets than 59% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

47th percentile

0.02x

Higher debt load relative to revenue than 47% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

74th percentile

$65,000

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 10.2% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$219,876

No earlier filing loaded for comparison.

Net Assets

$205,491

No earlier filing loaded for comparison.

Liabilities

$14,385

No earlier filing loaded for comparison.

Revenue

$638,241

No earlier filing loaded for comparison.

Expenses

$432,750

No earlier filing loaded for comparison.

Net Income

$205,491

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2019: $219,876Liabilities 2019: $14,385Net Assets 2019: $205,4912019Assets 2020: $459,077Liabilities 2020: $121,930Net Assets 2020: $337,1472020Assets 2021: $460,144Liabilities 2021: $0Net Assets 2021: $460,1442021Assets 2022: $298,471Liabilities 2022: $0Net Assets 2022: $298,4712022Assets 2023: $284,887Liabilities 2023: $02023

Highlighted filing

2019

Assets$219,876
Liabilities$14,385
Net Assets$205,491

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2019: $638,241Expenses 2019: $432,750Net Income 2019: $205,4912019Revenue 2020: $806,623Expenses 2020: $674,967Net Income 2020: $131,6562020Revenue 2021: $795,404Expenses 2021: $672,407Net Income 2021: $122,9972021Revenue 2022: $0Expenses 2022: $161,673Net Income 2022: -$161,6732022Revenue 2023: $0Expenses 2023: $13,584Net Income 2023: -$13,5842023

Highlighted filing

2019

Revenue$638,241
Expenses$432,750
Net Income$205,491
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 28, 2019
Return Version
2018v3.1
Gross Receipts
$638,241
Mission and Program Overview

Mission

Thrive Academy's mission is to provide a supportive and fun school experience where kids love to learn, teachers are passinate about student success, and parents are confident that their children will excel.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$194,821-
Land, Buildings, and Equipment, Net-$25,055-
Total Assets$0$219,876▲ $219,876
Liabilities
Accounts Payable and Accrued Expenses-$14,385-
Total Liabilities$0$14,385▲ $14,385
Net Assets / Fund Balance
Unrestricted Net Assets-$205,491-
Total Net Assets Fund Balance$0$205,491▲ $205,491
Total Liabilities and Net Assets / Fund Balance$0$219,876▲ $219,876

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$25,055--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christopher ZaddachInterim Head of School-2018FT$65,000$65,000
Jennie MitchellLead TeacherFT$58,000$58,000
Mark KellyHead of School - 2019FT$10,000$10,000

Board Members and Trustees

NameTitle
Kimberly ConnellPresident
Doug KonopkaBoard Member
Sean Maher1st VP
David WelshSecretary
Jack McbrideTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$24,412
Program Service Revenue
$613,829
Investment Income
$0
Other Revenue
$0
All Other Contributions
$24,412
Change in Net Assets
$205,491
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$309,804
Other Expenses$122,946
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$133,440$0$0$133,440
Current Officers, Directors, Trustees, and Key Employees$108,000$25,000$0$133,000
Occupancy$75,097$8,000$0$83,097
Payroll Taxes$19,212$3,000$0$22,212
Other Employee Benefits$19,152$2,000$0$21,152
Office Expenses$13,861$5,000$0$18,861
Insurance$6,148$2,000$0$8,148
Information Technology$4,335$1,500$0$5,835
Fees for Services Other$3,793$0$0$3,793
Advertising$0$2,612$0$2,612
Fees for Services Legal$0$600$0$600
Total Functional Expenses$383,038$49,712$0$432,750
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
Yes
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
Filing and Contact Details

Filer

Filer Name
Thrive Academy
EIN
82-4993816
Phone
7132633800
Address
1231 WIRT ROAD, HOUSTON, TX 77055

Signing Officer

Name
Jack Mcbride
Title
Treasurer
Phone
7132633800
Signed
2019-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jack Mcbride
Formed
2018
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
5
Volunteers
8

Preparer

Firm
Jack Evans CPA
Address
1600 West Loop South Ste 2610, Houston, TX 77027
Preparer
Jack Evans CPA
Phone
7136232898
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Thrive's Treasurer prepared the financial statements to be used in the 990 and reviewed Form 990 before submitting to the Board of Directors for approval. An independent accountant prepared and filed Form 990.

Pt VI, Line 6

Thrive has 5 independent members on the Board of Directors.

Pt VI, Line 7A

The Board of Directors has the power to elect new members and remove members as needed by majority vote.

Pt VI, Line 12C

Thrive has a written conflict of interest policy in its organization documents. There are procedures to disclose any actual or possible conflicts of interest to the Board of Directors. The Board minutes shall contain any records of proceedings related to any confict of interest that had been disclosed.

Pt VI, Line 15A

The 5 members on the Board of Directors are volunteers and not compensated by the organization.

Pt VI, Line 15B

The Board of Directors reviewed current market salaries of comparable independent schools to determine the compensation package for the Interim Head, Head of School and Lead Teacher.

Pt XII, Line 1

Thrive's financial statements are prepared on a modified cash basis, with accounts receivable and payable being recorded.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Thrive's Treasurer prepared the financial statements to be used in the 990 and reviewed Form 990 before submitting to the Board of Directors for approval. An independent accountant prepared and filed Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Thrive has 5 independent members on the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors has the power to elect new members and remove members as needed by majority vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Thrive has a written conflict of interest policy in its organization documents. There are procedures to disclose any actual or possible conflicts of interest to the Board of Directors. The Board minutes shall contain any records of proceedings related to any confict of interest that had been disclosed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The 5 members on the Board of Directors are volunteers and not compensated by the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board of Directors reviewed current market salaries of comparable independent schools to determine the compensation package for the Interim Head, Head of School and Lead Teacher.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Thrive's financial statements are prepared on a modified cash basis, with accounts receivable and payable being recorded.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt XII, Line 1
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IRS990/TotalAssetsBOYAmt00
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IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0219876
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IRS990/TotalContributionsAmt024412
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt049712
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0383038
IRS990/TotalFunctionalExpensesGrp/TotalAmt0432750
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt014385
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt014385
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0205491
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0383038
IRS990/TotalProgramServiceRevenueAmt0613829
IRS990/TotalReportableCompFromOrgAmt0133000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0613829
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0638241
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0219876
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0205491
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01231 WIRT ROAD
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077055
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.thriveacademyhouston.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JACK MCBRIDE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07132633800
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THRIVE ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0THRI
ReturnHeader/Filer/EIN0824993816
ReturnHeader/Filer/PhoneNum07132633800
ReturnHeader/Filer/USAddress/AddressLine1Txt01231 WIRT ROAD
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077055
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E7F60D43C6203143CF0AD9487A24268B816C780F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04C9C004A528B411DB4F2C6BA41FD26C945617F87
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.63.106.133
ReturnHeader/FilingSecurityInformation/IPDt02019-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm013:42:36
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jack Evans CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01600 West Loop South Ste 2610
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Houston
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077027
ReturnHeader/PreparerPersonGrp/PhoneNum07136232898
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jack Evans CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-11-14T13:42:47-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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