Arlington Thrive Inc
- Assets
- $2.3m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 24
- Location
- Arlington, VA
- Founding
- 03/1977
- Data as of
- 06/2023
- EIN
- 51-0207684
Organization Overview
Arlington Thrive Inc is located in Arlington, VA. The organization was established in 1977. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 06/2023, Arlington Thrive Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arlington Thrive Inc 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 06/2023, Arlington Thrive Inc generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $8.6m during the year ending 06/2023. While expenses have increased by 30.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ARLINGTON THRIVE PROVIDES TIMELY ASSISTANCE TO HELP OUR NEIGHBORS IN NEED SO THEY CAN DEVELOP THE CAPACITY TO BE STABLE, SECURE AND THRIVE IN THEIR JOBS, HEALTH AND HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARLINGTON THRIVE PROVIDES DIRECT, EMERGENCY FINANCIAL ASSISTANCE TO RESIDENTS FACING ACUTE FINANCIAL CHALLENGES. THRIVE PARTNERS WITH COUNTY GOVERNMENTS AND PEER NONPROFITS TO IDENTIFY INDIVIDUALS ELIGIBLE FOR RAPID, EMERGENCY FINANCIAL ASSISTANCE TO PAY FOR UNEXPECTED MEDICAL EXPENSES, RENT AND UTILITY PAYMENTS, AND OTHER CRIPPLING EXPENSES. IN THE SHORT TERM, THE ORGANIZATION ADDRESSES FINANCIAL CRISES FACED BY ARLINGTON RESIDENTS SO THAT THEY CAN AFFORD TO PURCHASE FOOD, PAY MEDICAL BILLS, MAKE RENT, AND MORE. IN THE LONG TERM, THRIVE PREVENTS HOMELESSNESS AND UNEMPLOYMENT; WE HELP PEOPLE PAY FOR VITAL HEALTHCARE AND CHILDCARE AND WE CREATE A STRONGER, MORE VIBRANT COMMUNITY. THRIVE ADDRESSES COMMUNITY ISSUES BY DEVELOPING TARGETED INITIATIVES SUCH AS IMPROVING ACCESS TO CHILDCARE AND CREATING AN INTERFAITH NETWORK TO FOSTER COLLABORATION AMONG AREA CHURCHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Cappellini Director | Trustee | 1 | $0 |
Karen Larson Daniel President | OfficerTrustee | 4 | $0 |
Denise Sughrue Secretary | OfficerTrustee | 2 | $0 |
Scott Woodworth Vice President | OfficerTrustee | 2 | $0 |
Rob Frederick Jr Director | Trustee | 1 | $0 |
Abigail Suarez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,710,883 |
| All other contributions, gifts, grants, and similar amounts not included above | $868,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,579,166 |
| Total Program Service Revenue | $0 |
| Investment income | $42,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,629,916 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,770,902 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $157,798 |
| Compensation of current officers, directors, key employees. | $48,143 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $945,134 |
| Pension plan accruals and contributions | $3,287 |
| Other employee benefits | $73,730 |
| Payroll taxes | $87,743 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,756 |
| Fees for services: Accounting | $90,133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,262 |
| Fees for services: Other | $137,001 |
| Advertising and promotion | $0 |
| Office expenses | $16,681 |
| Information technology | $569 |
| Royalties | $0 |
| Occupancy | $9,102 |
| Travel | $3,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,592 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,032 |
| Insurance | $22,330 |
| All other expenses | $47,218 |
| Total functional expenses | $8,612,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $504,918 |
| Savings and temporary cash investments | $776,713 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,505 |
| 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 | $46,452 |
| Net Land, buildings, and equipment | $19,876 |
| Investments—publicly traded securities | $841,575 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $47,984 |
| Other assets | $0 |
| Total assets | $2,263,023 |
| Accounts payable and accrued expenses | $99,528 |
| Grants payable | $0 |
| Deferred revenue | $280,916 |
| 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 | $380,444 |
| Net assets without donor restrictions | $936,584 |
| Net assets with donor restrictions | $945,995 |
| 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 | $2,263,023 |