Thrive Peninsula
- Assets
- $1.8m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Newport News, VA
- Founding
- 04/1998
- Data as of
- 06/2023
- EIN
- 54-1857664
Organization Overview
Thrive Peninsula is located in Newport News, VA. The organization was established in 1998. 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, Thrive Peninsula employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thrive Peninsula 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, Thrive Peninsula generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.0% each year . All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 34.3% per year over the past 7 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
ENCOURAGE, EDUCATE, AND EMPOWER OUR PENINSULA NEIGHBORS IN NEED TOWARDS TRANSFORMED AND SELF-SUSTAINING LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL ASSISTANCE PROGRAM: 1,920 PERSONS ASSISTED WITH FINANCIAL COACHING, AND/OR DELINQUENT RENTS, UTILITIES, TRANSPORTATION, OR CHILDCARE EXPENSES.
PANTRY PROGRAM: SCREENED AND SERVED 18,625 PEOPLE NEEDING EMERGENCY FOOD. OTHER SUPPLIES DISTRIBUTED SUCH AS HOUSEHOLD GOODS, SUPPLIES AND OTHER ESSENTIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela York Executive Di | OfficerTrustee | 40 | $59,715 |
Ken Bradley Board Presid | OfficerTrustee | 1 | $0 |
Barbara Harvey Board 1st Vi | Trustee | 1 | $0 |
Clarissa Mcadoo Cannion Board 2nd Vi | Trustee | 1 | $0 |
Scott Rutter Board Secret | Trustee | 2 | $0 |
Allie Wittkamp Board Treasu | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $246,663 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,050 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,035,434 |
| Noncash contributions included in lines 1a–1f | $705,833 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,340,147 |
| Total Program Service Revenue | $0 |
| Investment income | $2,894 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $869 |
| Net Gain/Loss on Asset Sales | -$2,519 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,346,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,362,189 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,840 |
| Compensation of current officers, directors, key employees. | $25,144 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $222,728 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,535 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,223 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $478 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,334 |
| Office expenses | $26,050 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,680 |
| 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 | $8,760 |
| Insurance | $8,464 |
| All other expenses | $0 |
| Total functional expenses | $1,764,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,417 |
| Savings and temporary cash investments | $200,612 |
| Pledges and grants receivable | $308,651 |
| 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 | $22,055 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $917,373 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $127,748 |
| Total assets | $1,818,856 |
| Accounts payable and accrued expenses | $7,631 |
| 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 | $579,756 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $587,387 |
| Net assets without donor restrictions | $340,462 |
| Net assets with donor restrictions | $891,007 |
| 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 | $1,818,856 |