Strive Foundation
- Assets
- $3.1m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 26
- Location
- Los Angeles, CA
- Founding
- 11/1996
- Data as of
- 12/2022
- EIN
- 33-0411257
Organization Overview
Strive Foundation is located in Los Angeles, CA. The organization was established in 1996. According to its NTEE Classification (O21) the organization is classified as: Boys Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Strive Foundation employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strive Foundation 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, Strive Foundation generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $908.2k during the year ending 12/2022. While expenses have increased by 6.4% 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
TO PROVIDE EXEMPLARY ACADEMIC GUIDANCE TO CHILDREN, YOUTH & THEIR FAMILIES IN THE WATTS/LOS ANGELES COMMUNITY. STRIVE PROVIDES EDUCATION AND SUPPORT IN DEVELOPMENT IN READING, WRITING & ENGLISH LITERACY; MATH & COGNITIVE SKILL; COMPUTER AND INFORMATION LITERACY; CULINARY & ARTS; PROTEGE RESOURCES; DEVELOPMENT OF THE MORAL, CREATIVE & THE ENTREPRENEURIAL SPIRIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STRIVE FOUNDATION PROVIDES FOR AN ACADEMY-LEARNING ENVIRONMENT; AND, FROM A CHARACTER-IS-PARAMOUNT PERSPECTIVE, THE STRIVE FOUNDATION HELPS CHILDREN ACHIEVE READING, WRITING, ENGLISH-LANGUAGE FLUENCY AND MATH SKILLS PROFICIENCY IN THEIR GRADE LEVEL. STRIVE'S MISSION IS TO PROVIDE A SANCTUARY OF INSTRUCTOR, GUIDANCE & RESOURCES THAT BETTER EQUIP CHILDREN TO NAVIGATE THROUGH THE PROBLEMS THEY FACE IN THEIR CHALLENGING COMMUNITIY OF WATTS AND BEYOND. STRIVE SERVES APPROXIMATELY 140 STUDENTS DAILY. IN 2021, STRIVE IMPROVED STAFF TRAINING AND DEVELOPMENT. THEY ALSO COMPLETED THE ACQUISITION OF THE ADJOINING PROPERTY TO FACILITATE PROGRAM EXPANSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Anderson Jr Vice-President | OfficerTrustee | 40 | $75,000 |
Claire Cacciapaglia Chair | Trustee | 0.5 | $0 |
John Coghlin Emeritus Director | Trustee | 0.5 | $0 |
Austin Dragon Director | Trustee | 0.5 | $0 |
Esenia Fombona Director | Trustee | 0.5 | $0 |
Jack Gample Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $990,427 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $990,427 |
| Total Program Service Revenue | $15,485 |
| Investment income | $21,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,494 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,036,385 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $175,000 |
| Compensation of current officers, directors, key employees. | $28,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $401,959 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $63,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,500 |
| Fees for services: Accounting | $18,154 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,528 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,127 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,537 |
| Insurance | $15,554 |
| All other expenses | $9,828 |
| Total functional expenses | $908,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $945,938 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,233,415 |
| Investments—publicly traded securities | $863,554 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,818 |
| Total assets | $3,055,725 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,906,528 |
| Net assets with donor restrictions | $149,197 |
| 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 | $3,055,725 |