Soar Youth Ministries
- Assets
- $1.4m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 201
- Location
- Knoxville, TN
- Founding
- 01/1998
- Data as of
- 07/2023
- EIN
- 62-1714010
Organization Overview
Soar Youth Ministries, operating under the name Thrive Lonsdale, is located in Knoxville, TN. The organization was established in 1998. 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 07/2023, Thrive Lonsdale employed 201 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thrive Lonsdale 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 07/2023, Thrive Lonsdale generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $2.2m during the year ending 07/2023. While expenses have increased by 21.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THRIVE LONSDALE SEEKS TO CONNECT CHILDREN WITH DEEP SPIRITUAL, EMOTIONAL, ACADEMIC AND PHYSICAL NEEDS WITH CARING ADULTS WHO HAVE BEEN BLESSED WITH ABUNDANCE IN THOSE AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THRIVE OPERATES AN AFTER SCHOOL PROGRAM THAT HAS SMALL CLASS SIZES AND A LARGE NUMBER OF ADULTS. WE INSTILL CONSISTENT LOVING DISCIPLINE IN OUR STUDENTS SO THAT THEY CAN DEVELOP SELF-CONTROL AND LEARN TO MAKE WISE CHOICES. WE ARE ABLE TO MULTIPLY THE EFFORTS OF OUR STAFF DUE TO THE REMARKABLE NUMBER OF VOLUNTEERS WHO ASSIST US, OVER 1,100 IN THE PREVIOUS YEAR, WITH MORE THAN 80 WHO COME EVERY WEEK. WE HAVE BIBLE STUDY AND HOMEWORK HELP FOR EVERY STUDENT AND OFFER VARIOUS ELECTIVES SUCH AS BALLET, COOKING, ART AND OUTDOOR GAMES. WE ALSO PROVIDE WEEKLY READING TUTORING. IN THE LAST YEAR, WE ENROLLED 216 STUDENTS FROM 1ST THROUGH 12TH GRADE ON FIVE CAMPUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clayton Wood Executive Director | OfficerTrustee | 40 | $103,000 |
Les Mirts Director | Trustee | 0 | $0 |
Diondre Jackson Director | Trustee | 0 | $0 |
Fred Trainer Director | Trustee | 0 | $0 |
Leland Murphy Director | Trustee | 0 | $0 |
Al Cage Director | Trustee | 0 | $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 | $2,367,509 |
| Noncash contributions included in lines 1a–1f | $41,082 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,367,509 |
| Total Program Service Revenue | $0 |
| Investment income | $172 |
| 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 | $2,367,681 |
| 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. | $103,000 |
| Compensation of current officers, directors, key employees. | $7,210 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,239,620 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,747 |
| Payroll taxes | $97,841 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,198 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,072 |
| Advertising and promotion | $0 |
| Office expenses | $47,609 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,881 |
| 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 | $104,863 |
| Insurance | $51,045 |
| All other expenses | $8,234 |
| Total functional expenses | $2,169,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,317 |
| 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 | $1,006,888 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,210 |
| Total assets | $1,398,415 |
| Accounts payable and accrued expenses | $59,908 |
| 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 | $19,273 |
| Total liabilities | $79,181 |
| Net assets without donor restrictions | $1,319,234 |
| 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 | $1,398,415 |