Civic Intelligence

Thrive Ed

990EZ • Fiscal year 2021 • EIN 83-3718861

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 11, 2021

11501 Ridgemount Ave WMinnetonka, MN 55305

(612) 384-2193

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.90x

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

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

Liabilities / Revenue

84th percentile

0.21x

Higher debt load relative to revenue than 84% of similar nonprofits.

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

Net Margin

9th percentile

-70%

Higher net margin than 9% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

4th percentile

-76%

Faster asset growth than 4% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

8th percentile

-76%

Faster revenue growth than 8% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$6,466

Down $20,794 (-76%) from 2020

Net Assets

Down

$643

Down $19,117 (-97%) from 2020

Liabilities

Down

$5,823

Down $1,677 (-22%) from 2020

Revenue

Down

$27,181

Down $84,190 (-76%) from 2020

Expenses

Down

$46,298

Down $48,158 (-51%) from 2020

Net Income

Down

-$19,117

Down $36,032 (-213%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2020: $27,260Liabilities 2020: $7,500Net Assets 2020: $19,7602020Assets 2021: $6,466Liabilities 2021: $5,823Net Assets 2021: $6432021Assets 2022: $342,421Liabilities 2022: $20,728Net Assets 2022: $321,6932022Assets 2023: $53,979Liabilities 2023: $20,369Net Assets 2023: $33,6102023

Highlighted filing

2021

Assets$6,466
Liabilities$5,823
Net Assets$643

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2020: $111,371Expenses 2020: $94,456Net Income 2020: $16,9152020Revenue 2021: $27,181Expenses 2021: $46,298Net Income 2021: -$19,1172021Revenue 2022: $541,570Expenses 2022: $220,683Net Income 2022: $320,8872022Revenue 2023: $273,074Expenses 2023: $561,157Net Income 2023: -$288,0832023

Highlighted filing

2021

Revenue$27,181
Expenses$46,298
Net Income-$19,117
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 11, 2021
Return Version
2020v4.0
Gross Receipts
$27,181
Mission and Program Overview

Mission

Thrive Ed's purpose is to fundamentally transform education by powering teachers, leadership teams, and students individually and collectively, to thrive in school and life and in a global society, and transform education as we know it through innovation as problem-solvers, providing increased opportunity for those traditionally underserved in schools, and expanding possibilities for learners in a rewarding academic journey that broadens perspectives and intellect and prepares dynamic leaders of the next generation.

Program Services

DescriptionGrantsExpenses
See schedule O for description of program service accomplishments.$0$35,276
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nicole DimichExecutive DirectorFT$0--
Amy PucelBoard Chair-$0--
James EwerBoard Member-$0--
Angie FreeseBoard Member-$0--
Quivale RobertsBoard Member-$0--
Keitha-Gail Martin-KerrBoard Member-$0--
Sade KellyBoard Member-$0--
Alison Bragaw-ButlerBoard Member-$0--
Robin KinningBoard Member-$0--
Marius MassieBoard Member-$0--
Tracie StantonBoard Member-$0--
Karey WebbBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Thrive Ed
EIN
83-3718861
Phone
6123842193
Address
11501 Ridgemount Ave W, Minnetonka, MN 55305

Signing Officer

Name
Nicole Dimich
Title
Executive Director
Phone
6123842193
Signed
2021-11-11
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Description;Amount^Bank and Paypal fees;121|QBO fees;4^Total;125^

Form 990-EZ, Part II, Line 26

Description;EOY Amount^Accounts payable;4887|Deferred revenue;936^Total;5823^

Form 990-EZ, Part III, Line (28-31)

Line 28 Program Service Accomplishments - Powering student voice: Thrive Ed commits to authorizing and powering the voice of students, and we demonstrate this by treating students as partners in transforming education so that their learning is relevant to their cultures, their learning styles, and their futures. We are a change-making education organization with an unshakeable belief in the ability of students and teachers to forge more inclusive and authentic learning experiences. We amplify and cherish student voice, using it as a foundation for our relationship-based community. Design2Thrive Studios: During the 2020-21 school year, a diverse group of thirteen student interns and two educators who served as "engagement guides" were hired to build upon the work of the previous summer internship by developing two workshops on the topics of co-design and restorative practices for educators and students. These co-designed workshops were profoundly successful for the educators and students involved. It allowed for another opportunity for teachers and students to test a new way of learning together and developing critical competencies through the process. Thrive Ed looks forward to implementing this model of co-design with more teachers to further understand how to ensure students are investing in and leading their learning. Changing the narrative: Thrive Ed seeks to elevate and amplify student voice in the media by providing opportunities such as podcasting, social media, and blogging. An example of this is the Tom Schimmer Podcast which aired on October 29, 2020 "Detail Matter, Thrive Ed Students". Collaborative Lab School: Thrive Ed is reinventing school by engaging students as co-creators in the development of our Collaborative Lab School. Student interns facilitated focus groups with students and surveyed students in Hopkins to understand their needs and perspectives in setting up the Collaborative Lab School. Thrive Ed's school model will focus on innovative design and deep implementation of mentorship, feedback and self-regulation, individualized pathways, internships, and meaningful authentic assessment to ensure all students learn the competencies needed to thrive in a rapidly changing global community.

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IRS990EZ/PrimaryExemptPurposeTxt0Thrive Ed's purpose is to fundamentally transform education by powering teachers, leadership teams, and students individually and collectively, to thrive in school and life and in a global society, and transform education as we know it through innovation as problem-solvers, providing increased opportunity for those traditionally underserved in schools, and expanding possibilities for learners in a rewarding academic journey that broadens perspectives and intellect and prepares dynamic leaders of the next generation.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Line 28 Program Service Accomplishments - Powering student voice: Thrive Ed commits to authorizing and powering the voice of students, and we demonstrate this by treating students as partners in transforming education so that their learning is relevant to their cultures, their learning styles, and their futures. We are a change-making education organization with an unshakeable belief in the ability of students and teachers to forge more inclusive and authentic learning experiences. We amplify and cherish student voice, using it as a foundation for our relationship-based community. Design2Thrive Studios: During the 2020-21 school year, a diverse group of thirteen student interns and two educators who served as "engagement guides" were hired to build upon the work of the previous summer internship by developing two workshops on the topics of co-design and restorative practices for educators and students. These co-designed workshops were profoundly successful for the educators and students involved. It allowed for another opportunity for teachers and students to test a new way of learning together and developing critical competencies through the process. Thrive Ed looks forward to implementing this model of co-design with more teachers to further understand how to ensure students are investing in and leading their learning. Changing the narrative: Thrive Ed seeks to elevate and amplify student voice in the media by providing opportunities such as podcasting, social media, and blogging. An example of this is the Tom Schimmer Podcast which aired on October 29, 2020 "Detail Matter, Thrive Ed Students". Collaborative Lab School: Thrive Ed is reinventing school by engaging students as co-creators in the development of our Collaborative Lab School. Student interns facilitated focus groups with students and surveyed students in Hopkins to understand their needs and perspectives in setting up the Collaborative Lab School. Thrive Ed's school model will focus on innovative design and deep implementation of mentorship, feedback and self-regulation, individualized pathways, internships, and meaningful authentic assessment to ensure all students learn the competencies needed to thrive in a rapidly changing global community.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part III, Line (28-31)
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