Strivetogether Inc
- Assets
- $14.9m
- Revenue
- $24.5m
- Investments
- $0.0
- Employees
- 64
- Location
- Cincinnati, OH
- Founding
- 09/2016
- Data as of
- 12/2022
- EIN
- 81-3380647
Organization Overview
Strivetogether Inc is located in Cincinnati, OH. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Strivetogether Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strivetogether 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 12/2022, Strivetogether Inc generated $24.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $26.0m during the year ending 12/2022. While expenses have increased by 31.9% per year over the past 6 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.
Since 2017, Strivetogether Inc has awarded 269 individual grants totaling $59,023,630. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE PARTNER WITH COMMUNITIES TO ENSURE EVERY CHILD HAS EVERY CHANCE TO SUCCEED BECAUSE RACE, ETHNICITY, POVERTY AND CIRCUMSTANCE SHOULD NOT DETERMINE OPPORTUNITY OR OUTCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRADLE TO CAREER GRANT-MAKING: STRIVETOGETHER IS COMMITTED TO CREATING BETTER AND MORE EQUITABLE CRADLE-TO-CAREER OUTCOMES FOR YOUTH AND FAMILIES TO BUILD PATHWAYS TO ECONOMIC MOBILITY. OUR CRADLE-TO-CAREER GRANTMAKING FUNDS PROVIDE FINANCIAL RESOURCES THAT BUILD CIVIC INFRASTRUCTURE, EXPAND ACCESS TO CAPITAL TO LEVERAGE LOCAL INVESTMENTS, AND ACCELERATE PROGRESS TOWARDS EQUITABLE OUTCOMES. GRANTS MADE SUPPORT STRIVETOGETHER'S GOAL OF 23 COMMUNITIES ACHIEVING THE SYSTEMS CHANGE AND/OR SYSTEMS TRANSFORMATION GATEWAY BY 2023.
CRADLE TO CAREER NETWORK: IN 2022, STRIVETOGETHER SUPPORTED 65 CRADLE-TO-CAREER PARTNERSHIPS TO MAKE PROGRESS TOWARD ACHIEVING BETTER AND MORE EQUITABLE CRADLE-TO-CAREER OUTCOMES FOR OVER 14 MILLION YOUTH - INCLUDING OVER 8 MILLION YOUTH OF COLOR - ACROSS 29 STATES AND WASHINGTON, DC. EACH NETWORK MEMBER WORKED TO SUPPORT STRONGER PATHWAYS TO ECONOMIC MOBILITY BY SHIFTING POLICIES, PRACTICES, RESOURCES AND POWER STRUCTURES SO THAT BLACK, INDIGENOUS, LATINE AND ASIAN YOUTH AND FAMILIES AND THOSE EXPERIENCING POVERTY THRIVE. STRIVETOGETHER STRENGTHENED THE CAPABILITY OF CROSS-SECTOR LEADERS TO USE OUR COLLABORATIVE IMPROVEMENT APPROACH AND MAKE PROGRESS ALONG THE STRIVETOGETHER THEORY OF ACTION.
TRAINING HUB: THE STRIVETOGETHER TRAINING HUB BUILDS COMPETENCIES FOR LEADERS IN PLACE-BASED PARTNERSHIPS TO HELP COMMUNITIES TRANSFORM SYSTEMS IN SERVICE OF BETTER, IMPROVED OUTCOMES. IN 2022, THE TRAINING HUB SERVED OVER 1,500 LEADERS ACROSS THE COUNTRY IN CRITICAL TOPICS LIKE COLLABORATIVE IMPROVEMENT, BACKBONE EXCELLENCE, AND DATA & ANALYTICS. OVER 80% OF ATTENDEES REPORTED HAVING INCREASED THEIR SKILLS AS A RESULT OF OUR TRAININGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Fry Director | Trustee | 1 | $0 |
Connie Ballmer Director | Trustee | 1 | $0 |
Tony Pipa Treasurer | OfficerTrustee | 1 | $0 |
James Bell Director | Trustee | 1 | $0 |
Russell Booker Director | Trustee | 1 | $0 |
Danae Davis Board Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gmmb Media Buy And Website User Expeience Opt | 12/30/22 | $523,291 |
Silver Arrow Strategies Government Grant Seeking For C2c Network | 12/30/22 | $418,854 |
Brass Tacks Collective Llc Content Creation For Training Hub | 12/30/22 | $273,594 |
Ors Impact Network Model Structure Assessment | 12/30/22 | $205,733 |
Cornerstone Government Relations & Consulting | 12/30/22 | $234,424 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $171,666 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,296,479 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,468,145 |
| Total Program Service Revenue | $959,304 |
| Investment income | $120,910 |
| 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 | $24,548,359 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,871,000 |
| 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. | $1,950,507 |
| Compensation of current officers, directors, key employees. | $340,466 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,531,738 |
| Pension plan accruals and contributions | $167,581 |
| Other employee benefits | $433,991 |
| Payroll taxes | $400,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,764 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $268,277 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,151,938 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $465,884 |
| Royalties | $0 |
| Occupancy | $194,015 |
| Travel | $370,311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $873,068 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $415,105 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $25,982,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,299,101 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $656,291 |
| 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 | $959,856 |
| Net Land, buildings, and equipment | $407,341 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $589,880 |
| Total assets | $14,912,469 |
| Accounts payable and accrued expenses | $1,334,411 |
| Grants payable | $0 |
| Deferred revenue | $6,505 |
| 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 | $342,692 |
| Total liabilities | $1,683,608 |
| Net assets without donor restrictions | $5,301,752 |
| Net assets with donor restrictions | $7,927,109 |
| 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 | $14,912,469 |
Grants Awarded
Over the last fiscal year, Strivetogether Inc has awarded $10,861,000 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVE BROWN COUNTY PURPOSE: Challenge Fund | $75,000 |
ALAMANCE COMMUNITY FOUNDATION PURPOSE: Challenge Fund | $150,000 |
ALIGNED IMPACT MUSCATINE COUNTYUNITED WAY OF MUSCATINE PURPOSE: Challenge Fund | $75,000 |
BALTIMORE'S PROMISEFUND FOR EDUCATIONAL EXCELLENCE PURPOSE: Challenge Fund | $100,000 |
BETTER TOGETHER CENTRAL OREGON PURPOSE: Challenge Fund | $250,000 |
AUSTIN 2030SOCIAL GOOD FUND INC PURPOSE: Training HUB Beta 2 Pilot Stipend | $8,000 |