THRIVE SCHOLARS: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- THRIVE SCHOLARS (EIN 45-5619310)
- Tax period
- 2020-09-01 to 2021-08-31
- Filed
- 2022-05-06
- IRS object ID
- 202201269349302125
- Schema version
- 2020v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-06T13:09:41-05:00 | ReturnTs |
| Tax Period End | 2021-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 463169148 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVISKELLY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4238 WASHINGTON ST STE 307 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021312517 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 455619310 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THRIVE SCHOLARS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | THRI | BusinessNameControlTxt |
| Phone | 6175809149 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 75 FEDERAL STREET SUITE 1250 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEVE STEIN | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 6175809149 | PhoneNum |
| Signature | 2022-05-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | STEVE | PersonFirstNm |
| Person Last | STEIN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RANDALL S DAVIS | PreparerPersonNm |
| PTIN | P10427372 | PTIN |
| Phone | 9787648966 | PhoneNum |
| Preparation | 2022-05-06 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | STEVE STEIN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 75 FEDERAL STREET SUITE 1250 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $13,719,971 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.THRIVESCHOLARS.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2014 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF THRIVE SCHOLARS IS FOR HIGH-ACHIEVING, LOW-INCOME, UNDERREPRESENTED STUDENTS TO GET INTO AND GRADUATE FROM TOP COLLEGES EQUIPPED TO REACH THEIR FULL CAREER POTENTIAL. | ActivityOrMissionDesc |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 59 | TotalEmployeeCnt |
| Total Volunteers | 367 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $6,592,647 | PYContributionsGrantsAmt |
| CY Contributions Grants | $13,709,581 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,644 | PYInvestmentIncomeAmt |
| CY Investment Income | $10,390 | CYInvestmentIncomeAmt |
| PY Other Revenue | $89 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $6,595,380 | PYTotalRevenueAmt |
| CY Total Revenue | $13,719,971 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,136,961 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,066,291 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,282,105 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,560,288 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $9,149 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,322,528 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,684,263 | PYOtherExpensesAmt |
| CY Other Expenses | $2,131,668 | CYOtherExpensesAmt |
| PY Total Expenses | $5,112,478 | PYTotalExpensesAmt |
| CY Total Expenses | $6,758,247 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,482,902 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $6,961,724 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $6,402,096 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,006,320 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $740,469 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $785,512 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $5,661,627 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $13,220,808 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF THRIVE SCHOLARS IS FOR HIGH-ACHIEVING, LOW-INCOME, UNDERREPRESENTED STUDENTS TO GET INTO AND GRADUATE FROM TOP COLLEGES EQUIPPED TO REACH THEIR FULL CAREER POTENTIAL. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $4,491,325 | ExpenseAmt |
| Grant | $1,066,291 | GrantAmt |
| Desc | OVER THE PAST 20 YEARS, THRIVE SCHOLARS HAS DEVELOPED A PROVEN SIX-YEAR- LONG PROGRAM MODEL THAT SUPPORTS STUDENTS STARTING IN THE 11TH GRADE AND EXTENDS THROUGH COLLEGE GRADUATION AND EARLY CAREER. IT FOCUSES ON FIVE PILLARS OF SUPPORT THAT CLOSE THE OPPORTUNITY GAP BETWEEN OUR SCHOLARS AND THEIR MORE PRIVILEGED PEERS, INCLUDING: - EXPERT COLLEGE ADVISING: OUR TRAINED PROFESSIONAL ADVISORS HELP OUR SCHOLARS FIND "BEST FIT" SELECTIVE COLLEGES AND SHOWCASE THEIR QUALIFICATIONS FOR ADMITTANCE. - ACADEMIC PREPARATION: THRIVE PROVIDES TWO SUMMERS OF A SIX-WEEK RESIDENTIAL ACADEMIC BOOT CAMP FOR RISING HIGH SCHOOL SENIORS (AT AMHERST COLLEGE) AND COLLEGE FIRST-YEARS (AT THE UNIVERSITY OF SOUTHERN CALIFORNIA) CALLED SUMMER ACADEMY, OFFERING COLLEGE-LEVEL INSTRUCTION TARGETING MATH, WRITING, AND CRITICAL THINKING SKILLS TAUGHT BY COLLEGE PROFESSORS. - SOCIAL, EMOTIONAL & ACADEMIC SUPPORT: THRIVE OFFERS SCHOLARS TAILORED 1:1 SUPPORT DURING COLLEGE VIA PROFESSIONAL STAFF AND VOLUNTEER MENTORS TO ENSURE THEY SUCCEED ACADEMICALLY, SOCIALLY, AND EMOTIONALLY. - FINANCIAL SUPPORT: THRIVE ADVISES SCHOLARS TOWARD NO-LOAN COLLEGES (WHICH MEET THEIR FULL FINANCIAL NEED), SO THEY OFTEN GRADUATE DEBT-FREE. WE OFFER BRIDGE STIPENDS TO HELP MEET COSTS NOT COVERED BY TRADITIONAL FINANCIAL AID PACKAGES. - CAREER DEVELOPMENT: THRIVE PROVIDES A 4-YEAR CAREER DEVELOPMENT CURRICULUM, INCLUDING 2 YEARS OF INTENSIVE, PERSONALIZED CAREER COACHING FOCUSING ON HARD AND SOFT SKILLS, IN ADDITION TO ACCESS TO OUR PROFESSIONAL NETWORK AND INTERNSHIPS AND JOBS AT OUR CORPORATE PARTNERS. THRIVE RECENTLY ADDED INDUSTRY-FOCUSED TRACKS FOR SCHOLARS INTERESTED IN PURSUING CAREERS IN LIFE SCIENCES, TECHNOLOGY & ENGINEERING, FINANCE, CONSULTING, AND LAW. THRIVE'S HIGH-TOUCH MODEL IS DESIGNED TO PROVIDE INDIVIDUALIZED DIRECT-TO- STUDENT SUPPORT FOR SIX CONTINUOUS YEARS ACROSS ALL PROGRAM AREAS. AT EACH STAGE IN OUR PROGRAM, SCHOLARS ARE SUPPORTED BY A HIGHLY TRAINED, PROFESSIONAL STAFF MEMBER. THRIVE'S PROGRAM STAFF BRING SPECIFIC EXPERTISE RELATIVE TO THE STAGE OF A SCHOLAR'S JOURNEY. FOR EXAMPLE, OUR COLLEGE GUIDANCE PROFESSIONALS HAVE EXPERIENCE WORKING AS ADMISSIONS OFFICERS AT HIGHLY SELECTIVE COLLEGES AND OUR CAREER COACHES HAVE WORKED IN COLLEGE AND PROFESSIONAL SCHOOL CAREER OFFICES AND AS RECRUITERS IN BUSINESSES. OUR SCHOLARS ACHIEVE AMAZING OUTCOMES. THEY GET INTO IMPRESSIVE COLLEGES - OVER 90% ATTEND TOP 100 COLLEGES, OVER 80% ATTEND TOP 50 COLLEGES, AND OVER 40% ATTEND IVY LEAGUE+ COLLEGES. THEY THRIVE ACADEMICALLY - 85% EARN A B AVERAGE OR BETTER COMPARED TO LESS THAN 50% FOR SIMILAR STUDENTS, 65% PERSIST IN DIFFICULT STEM MAJORS, THREE TIMES BETTER THAN THE AVERAGE FOR STUDENTS OF COLOR FROM LOW-INCOME BACKGROUNDS, AND THEY EARN AN AVERAGE GPA OF 3.4 COMPARED TO 2.0 FOR SIMILAR STUDENTS. 98% OF THRIVE SCHOLARS GRADUATE FROM COLLEGE COMPARED TO LESS THAN 50% FOR SIMILAR STUDENTS. THRIVES SCHOLARS NOT ONLY DO BETTER THAN SIMILAR STUDENTS, THEY ALSO OUTPERFORM THE GENERAL POPULATION AT TOP 100 SCHOOLS. THEY ARE 15% MORE LIKELY TO PERSIST IN STEM DEGREES AND THEY ARE 10% MORE LIKELY TO GRADUATE THAN THE GENERAL POPULATION AT THESE COLLEGES, INCLUDING THEIR MORE PRIVILEGED PEERS. | Desc |
| Total Program Service Expenses | $4,491,325 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 17 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 59 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THRIVE SCHOLARS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6175809149 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 75 FEDERAL STREET SUITE 1250 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| STEVE STEIN | ||||||
| CEO | 40.00 | Yes (X) | $248,261 | $0 | $7,483 | |
| ANA ARCHIBALD | ||||||
| CHIEF OP OFF | 40.00 | Yes (X) | $168,039 | $0 | $4,736 | |
| KAREN WILLIAMS | ||||||
| CHEIF STRAT | 40.00 | Yes (X) | $165,961 | $0 | $4,719 | |
| DANIEL NAVISKY | ||||||
| EAST COAST E | 40.00 | Yes (X) | $116,426 | $0 | $3,488 | |
| ROLAND DAVIS | ||||||
| CHIEF PROG O | 40.00 | Yes (X) | $109,982 | $0 | $0 | |
| BOB FUNARI | ||||||
| DIRECTOR | 3.00 | $0 | $0 | $0 | Yes (X) | |
| PEDRO GOMEZ | ||||||
| DIRECTOR | 2.00 | $0 | $0 | $0 | Yes (X) | |
| CALLUM HENDERSON | ||||||
| TREASURER | 3.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JOAN HERMAN | ||||||
| DIRECTOR | 3.00 | $0 | $0 | $0 | Yes (X) | |
| RICK HESS | ||||||
| DIRECTOR | 2.00 | $0 | $0 | $0 | Yes (X) | |
| EVELYN HOU | ||||||
| DIRECTOR | 2.00 | $0 | $0 | $0 | Yes (X) | |
| MARTIN JACOBS | ||||||
| DIRECTOR | 2.00 | $0 | $0 | $0 | Yes (X) | |
| PAT KIRBY | ||||||
| VICE CHAIR | 3.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| BRIAN LENIHAN | ||||||
| DIRECTOR | 2.00 | $0 | $0 | $0 | Yes (X) | |
| SEAN LOGAN | ||||||
| DIRECTOR | 3.00 | $0 | $0 | $0 | Yes (X) | |
| JAMES T LONDON | ||||||
| BOARD CHAIR | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| PATRICA LONDON | ||||||
| DIRECTOR | 3.00 | $0 | $0 | $0 | Yes (X) | |
| VANESSA GONZALEZ LOPEZ | ||||||
| DIRECTOR | 2.00 | $0 | $0 | $0 | Yes (X) | |
| RENITA SMITH | ||||||
| DIRECTOR | 2.00 | $0 | $0 | $0 | Yes (X) | |
| RUSSELL STEIN | ||||||
| SECRETARY | 3.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $808,669 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $20,426 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 5 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | Address Line2ContractorAddress/USAddress/AddressLine2Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| CASUAL FILMS INC | ||||||
| 141 FLUSHING AVENUE | BUILDING 77 SUITE 902 | BROOKLYN | NY | 11205 | MARKETING | $166,992 |
| EXTENSION ENGINE LLC | ||||||
| 196 BROADWAY | CAMBRIDGE | MA | 02139 | INSTRUCT DESIGN | $106,871 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $13,709,581 | AllOtherContributionsAmt |
| Total Contributions | $13,709,581 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,390 | TotalRevenueColumnAmt |
| Exclusion | $10,390 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,719,971 | TotalRevenueColumnAmt |
| Exclusion | $10,390 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,066,291 | TotalAmt |
| Program Services | $1,066,291 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,035,995 | TotalAmt |
| Program Services | $404,038 | ProgramServicesAmt |
| Management And General | $176,119 | ManagementAndGeneralAmt |
| Fundraising | $455,838 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,004,905 | TotalAmt |
| Program Services | $1,499,080 | ProgramServicesAmt |
| Management And General | $161,604 | ManagementAndGeneralAmt |
| Fundraising | $344,221 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,336 | TotalAmt |
| Program Services | $29,822 | ProgramServicesAmt |
| Management And General | $5,207 | ManagementAndGeneralAmt |
| Fundraising | $12,307 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $191,690 | TotalAmt |
| Program Services | $133,392 | ProgramServicesAmt |
| Management And General | $17,929 | ManagementAndGeneralAmt |
| Fundraising | $40,369 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $280,362 | TotalAmt |
| Program Services | $176,631 | ProgramServicesAmt |
| Management And General | $30,832 | ManagementAndGeneralAmt |
| Fundraising | $72,899 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $87,646 | TotalAmt |
| Management And General | $87,646 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,283,294 | TotalAmt |
| Program Services | $774,373 | ProgramServicesAmt |
| Management And General | $267,012 | ManagementAndGeneralAmt |
| Fundraising | $241,909 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $86,795 | TotalAmt |
| Program Services | $38,675 | ProgramServicesAmt |
| Management And General | $23,041 | ManagementAndGeneralAmt |
| Fundraising | $25,079 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $242,541 | TotalAmt |
| Program Services | $161,276 | ProgramServicesAmt |
| Management And General | $32,560 | ManagementAndGeneralAmt |
| Fundraising | $48,705 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $332,969 | TotalAmt |
| Program Services | $173,169 | ProgramServicesAmt |
| Management And General | $97,345 | ManagementAndGeneralAmt |
| Fundraising | $62,455 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,514 | TotalAmt |
| Program Services | $8,417 | ProgramServicesAmt |
| Management And General | $569 | ManagementAndGeneralAmt |
| Fundraising | $11,528 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,490 | TotalAmt |
| Program Services | $17,685 | ProgramServicesAmt |
| Management And General | $10,127 | ManagementAndGeneralAmt |
| Fundraising | $3,678 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,895 | TotalAmt |
| Program Services | $8,476 | ProgramServicesAmt |
| Management And General | $2,362 | ManagementAndGeneralAmt |
| Fundraising | $3,057 | FundraisingAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|
| BAD DEBT | $32,041 | $32,041 | |
| EVENT | $483 | $483 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,758,247 | TotalAmt |
| Program Services | $4,491,325 | ProgramServicesAmt |
| Management And General | $944,394 | ManagementAndGeneralAmt |
| Fundraising | $1,322,528 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,860,784 | BOYAmt |
| EOY | $8,992,906 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,271,777 | BOYAmt |
| EOY | $4,561,183 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $116 | BOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,207 | BOYAmt |
| EOY | $107,839 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $142,138 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $47,727 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,259 | BOYAmt |
| EOY | $94,411 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $88,488 | BOYAmt |
| EOY | $109,556 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $76,500 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,465 | BOYAmt |
| EOY | $63,925 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,402,096 | BOYAmt |
| EOY | $14,006,320 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $281,999 | BOYAmt |
| EOY | $621,476 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $173,470 | BOYAmt |
| EOY | $164,036 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $285,000 | BOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $740,469 | BOYAmt |
| EOY | $785,512 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,109,850 | BOYAmt |
| EOY | $6,539,625 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,551,777 | BOYAmt |
| EOY | $6,681,183 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,661,627 | BOYAmt |
| EOY | $13,220,808 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,402,096 | BOYAmt |
| EOY | $14,006,320 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $6,961,724 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $50 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | $600,000 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$2,593 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,700,843 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,796,856 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,301,791 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,592,647 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $13,709,581 | CurrentTaxYearAmt |
| Total | $32,101,718 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,700,843 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,796,856 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,301,791 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,592,647 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $13,709,581 | CurrentTaxYearAmt |
| Total | $32,101,718 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $4,757,244 | SubstantialContributorsTotAmt |
| Public Support Total170 | $27,344,474 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $11,266 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,644 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,390 | CurrentTaxYearAmt |
| Total | $24,300 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $89 | CurrentTaxYearMinus1YearAmt |
| Total | $89 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $32,126,107 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $2,184 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.85120 | PublicSupportCY170Pct |
| Public Support PY170 | 0.87740 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, LINE 10 | FormAndLineReferenceDesc |
| Explanation | MISCELLANEOUS 89 | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $38,740 | OtherCostOrOtherBasisAmt |
| Depreciation | $17,123 | DepreciationAmt |
| Book Value | $21,617 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $103,398 | OtherCostOrOtherBasisAmt |
| Depreciation | $30,604 | DepreciationAmt |
| Book Value | $72,794 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $94,411 | TotalBookValueLandBuildingsAmt |
| Total Rev Etc Audited Fincl Stmt | $13,787,552 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $50 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $67,531 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $67,581 | RevenueNotReportedAmt |
| Revenue Subtotal | $13,719,971 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $13,719,971 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $6,828,371 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $67,531 | DonatedServicesUseFcltsAmt |
| Losses Reported | $2,593 | LossesReportedAmt |
| Expenses Not Reported | $70,124 | ExpensesNotReportedAmt |
| Expenses Subtotal | $6,758,247 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $6,758,247 | TotalExpensesPerForm990Amt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS/COMPUTERS | GrantTypeTxt |
| Recipient | 993 | RecipientCnt |
| Cash Grant | $809,073 | CashGrantAmt |
| Non Cash Assistance | $257,218 | NonCashAssistanceAmt |
| Valuation Method Used | COST | ValuationMethodUsedDesc |
| Non Cash Assistance | COMPUTERS | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | THRIVE SCHOLARS PROVIDES FOUR-YEAR RENEWABLE SCHOLARSHIPS RANGING FROM 500-2500 EACH YEAR, ALONG WITH COMPUTERS, HOUSING, AND SUPPORT FOR OTHER EXPENSES. STUDENTS RECEIVE SCHOLARSHIP CHECKS IN AUGUST AND IN JANUARY, AFTER HAVING COMPLETED A SCHOLARSHIP RENEWAL PROCESS, WITH INCLUDES SUBMITTING INFORMATION AND TRANSCRIPT WITH CUMULATIVE GPA THROUGH AN ONLINE FORM. IN THE RENEWAL FORM, STUDENTS MUST INDICATE COMPLETION OF ALL OF THE PROGRAM REQUIREMENTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|
| STEVE STEIN | |||
| CEO | $248,261 | $7,483 | $255,744 |
| ANA ARCHIBALD | |||
| CHIEF OP OFFICER | $168,039 | $4,736 | $172,775 |
| KAREN WILLIAMS | |||
| CHEIF STRAT & PROG | $165,961 | $4,719 | $170,680 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 2, PART III, LINE 4A | OVER THE PAST 20 YEARS, THRIVE SCHOLARS HAS DEVELOPED A PROVEN SIX-YEAR- LONG PROGRAM MODEL THAT SUPPORTS STUDENTS STARTING IN THE 11TH GRADE AND EXTENDS THROUGH COLLEGE GRADUATION AND EARLY CAREER. IT FOCUSES ON FIVE PILLARS OF SUPPORT THAT CLOSE THE OPPORTUNITY GAP BETWEEN OUR SCHOLARS AND THEIR MORE PRIVILEGED PEERS, INCLUDING: - EXPERT COLLEGE ADVISING: OUR TRAINED PROFESSIONAL ADVISORS HELP OUR SCHOLARS FIND "BEST FIT" SELECTIVE COLLEGES AND SHOWCASE THEIR QUALIFICATIONS FOR ADMITTANCE. - ACADEMIC PREPARATION: THRIVE PROVIDES TWO SUMMERS OF A SIX-WEEK RESIDENTIAL ACADEMIC BOOT CAMP FOR RISING HIGH SCHOOL SENIORS (AT AMHERST COLLEGE) AND COLLEGE FIRST-YEARS (AT THE UNIVERSITY OF SOUTHERN CALIFORNIA) CALLED SUMMER ACADEMY, OFFERING COLLEGE-LEVEL INSTRUCTION TARGETING MATH, WRITING, AND CRITICAL THINKING SKILLS TAUGHT BY COLLEGE PROFESSORS. - SOCIAL, EMOTIONAL & ACADEMIC SUPPORT: THRIVE OFFERS SCHOLARS TAILORED 1:1 SUPPORT DURING COLLEGE VIA PROFESSIONAL STAFF AND VOLUNTEER MENTORS TO ENSURE THEY SUCCEED ACADEMICALLY, SOCIALLY, AND EMOTIONALLY. - FINANCIAL SUPPORT: THRIVE ADVISES SCHOLARS TOWARD NO-LOAN COLLEGES (WHICH MEET THEIR FULL FINANCIAL NEED), SO THEY OFTEN GRADUATE DEBT-FREE. WE OFFER BRIDGE STIPENDS TO HELP MEET COSTS NOT COVERED BY TRADITIONAL FINANCIAL AID PACKAGES. - CAREER DEVELOPMENT: THRIVE PROVIDES A 4-YEAR CAREER DEVELOPMENT CURRICULUM, INCLUDING 2 YEARS OF INTENSIVE, PERSONALIZED CAREER COACHING FOCUSING ON HARD AND SOFT SKILLS, IN ADDITION TO ACCESS TO OUR PROFESSIONAL NETWORK AND INTERNSHIPS AND JOBS AT OUR CORPORATE PARTNERS. THRIVE RECENTLY ADDED INDUSTRY-FOCUSED TRACKS FOR SCHOLARS INTERESTED IN PURSUING CAREERS IN LIFE SCIENCES, TECHNOLOGY & ENGINEERING, FINANCE, CONSULTING, AND LAW. THRIVE'S HIGH-TOUCH MODEL IS DESIGNED TO PROVIDE INDIVIDUALIZED DIRECT-TO- STUDENT SUPPORT FOR SIX CONTINUOUS YEARS ACROSS ALL PROGRAM AREAS. AT EACH STAGE IN OUR PROGRAM, SCHOLARS ARE SUPPORTED BY A HIGHLY TRAINED, PROFESSIONAL STAFF MEMBER. THRIVE'S PROGRAM STAFF BRING SPECIFIC EXPERTISE RELATIVE TO THE STAGE OF A SCHOLAR'S JOURNEY. FOR EXAMPLE, OUR COLLEGE GUIDANCE PROFESSIONALS HAVE EXPERIENCE WORKING AS ADMISSIONS OFFICERS AT HIGHLY SELECTIVE COLLEGES AND OUR CAREER COACHES HAVE WORKED IN COLLEGE AND PROFESSIONAL SCHOOL CAREER OFFICES AND AS RECRUITERS IN BUSINESSES. OUR SCHOLARS ACHIEVE AMAZING OUTCOMES. THEY GET INTO IMPRESSIVE COLLEGES - OVER 90% ATTEND TOP 100 COLLEGES, OVER 80% ATTEND TOP 50 COLLEGES, AND OVER 40% ATTEND IVY LEAGUE+ COLLEGES. THEY THRIVE ACADEMICALLY - 85% EARN A B AVERAGE OR BETTER COMPARED TO LESS THAN 50% FOR SIMILAR STUDENTS, 65% PERSIST IN DIFFICULT STEM MAJORS, THREE TIMES BETTER THAN THE AVERAGE FOR STUDENTS OF COLOR FROM LOW-INCOME BACKGROUNDS, AND THEY EARN AN AVERAGE GPA OF 3.4 COMPARED TO 2.0 FOR SIMILAR STUDENTS. 98% OF THRIVE SCHOLARS GRADUATE FROM COLLEGE COMPARED TO LESS THAN 50% FOR SIMILAR STUDENTS. THRIVES SCHOLARS NOT ONLY DO BETTER THAN SIMILAR STUDENTS, THEY ALSO OUTPERFORM THE GENERAL POPULATION AT TOP 100 SCHOOLS. THEY ARE 15% MORE LIKELY TO PERSIST IN STEM DEGREES AND THEY ARE 10% MORE LIKELY TO GRADUATE THAN THE GENERAL POPULATION AT THESE COLLEGES, INCLUDING THEIR MORE PRIVILEGED PEERS. |
| FORM 990, PAGE 6, PART VI, LINE 2 | PATRICIA LONDON JAMES LONDON DIRECTOR BOARD CHAIR HUSBAND/ WIFE |
| FORM 990, PAGE 6, PART VI, LINE 11B | ORGANIZATION'S PROCESS TO REVIEW FORM 990. THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS AND IS APPROVED BY A SELECT GROUP OF BOARD MEMBERS, INCLUDING THE CHAIR AND THE TREASURER. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE ORGANIZATION REVIEWS THE CONFLICT OF INTEREST DISCLOSURE WITH ALL TRUSTEES AND ALL TRUSTEES COMPLETE A DISCLOSURE FORM ANNUALLY. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE COMPENSATION OFFER FOR THE DIRECTOR OF OPERATIONS WAS NEGOTIATED BY AN INDEPENDENT PERSON (PRO BONO CONSULTANT). AN ANNUAL REVIEW TAKES PLACE WITH REPRESENTATIVES OF THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. NO REQUESTS FOR INFORMATION WERE MADE DURING THE YEAR. |
| FORM 990, PART IX, LINE 11G | TEACHERS 393,825 0 0 CONSULTANTS 380,548 9,461 89,562 RECRUITER 0 257,551 0 MARKETING 0 0 152,347 TOTAL 774,373 267,012 241,909 |
| FORM 990, PART XI, LINE 9 | LOSS ON DISPOSAL OF FIXED ASSETS -2,593 |
Comments