Thrive New Orleans
- Assets
- $2.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 34
- Location
- New Orleans, LA
- Founding
- 12/2008
- Data as of
- 12/2022
- EIN
- 26-1824498
Organization Overview
Thrive New Orleans is located in New Orleans, LA. The organization was established in 2008. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 12/2022, Thrive New Orleans employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thrive New Orleans is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Thrive New Orleans generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $3.3m during the year ending 12/2022. While expenses have increased by 32.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR VISION IS TO SEE INDIVIDUALS EMPOWERED TO CHANGE THEIR LIVES, FAMILIES AND COMMUNITY. OUR MISSION IS TO SERVE AS A CATALYST TO HELP LIFT PEOPLE OUT OF MATERIAL AND ASSET POVERTY AND WHOLISTICALLY RESTORE OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING - PROVIDE HOUSING REHAB SERVICES.
COMMUNITY SERVICES - PROVIDE FINANCIAL LITERACY, JOB TRAINING CLASSES AND ENTREPRENEURSHIP TRAINING. PROVIDE 185 HOURS OF SMALL BUSINESS TRAINING FOR UNDERSERVED URBAN ENTREPRENEURS THROUGH LAUNCH NOLA PROGRAM. PROVIDE SUMMER INTERNSHIP FOR 3 PARTICIPANTS THROUGH LEADERSHIP DEVELOPMENT PROGRAM.
THRIFT STORE - PROVIDE JOB TRAINING AND EMPLOYMENT FOR 16 YOUNG ADULTS AT RESTORATION THRIFT STORE. THE THRIFT STORE OPERATED WITH INVENTORY DONATED FROM THE COMMUNITY. IN 2017 THESE DONATED ITEMS FROM THE COMMUNITY WERE VALUED AT 167,958. THE THRIFT STORE REPORTED GROSS SALES OF THESE ITEMS FROM THE COMMUNITY OF 153,978.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clarence Morse Executive Di | OfficerTrustee | 40 | $140,926 |
Whitney Brown Director | Trustee | 2 | $0 |
Toni Dixon Treasurer | OfficerTrustee | 2 | $0 |
Mike Eden Director | Trustee | 2 | $0 |
Kristen House Secretary | OfficerTrustee | 2 | $0 |
Fred Luter Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cag Llc Construction | 12/30/22 | $309,120 |
Magnolia Landscape Architect Contractor | 12/30/22 | $107,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,085,158 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,627,606 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,712,764 |
| Total Program Service Revenue | $108,024 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $54,236 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,931,591 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $10,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,185,986 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $96,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,507 |
| Fees for services: Accounting | $32,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,545 |
| Office expenses | $4,641 |
| Information technology | $12,809 |
| Royalties | $0 |
| Occupancy | $102,198 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,332 |
| Interest | $65,224 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,854 |
| Insurance | $73,835 |
| All other expenses | $51,594 |
| Total functional expenses | $3,288,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $541,920 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $807,630 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,930 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,202,268 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,862 |
| Total assets | $2,648,610 |
| Accounts payable and accrued expenses | $453,952 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,633,487 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,751 |
| Total liabilities | $2,096,190 |
| Net assets without donor restrictions | $552,420 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,648,610 |