Thrive Center Inc
- Assets
- $125.5k
- Revenue
- $222.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Louisville, KY
- Founding
- 02/2018
- Data as of
- 12/2021
- EIN
- 81-3636925
Organization Overview
Thrive Center Inc is located in Louisville, KY. The organization was established in 2018. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, Thrive Center Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thrive Center 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 12/2021, Thrive Center Inc generated $222.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $291.2k during the year ending 12/2021. While expenses have increased by 10.7% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SPOTLIGHT INNOVATION, PROMOTE HEALTHY AGING, AND ENHANCE THE QUALITY OF LIFE FOR THOSE AGED 50+.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THRIVE CENTER WAS DEVELOPED TO SPOTLIGHT INNOVATION AND PROMOTE HEALTHY AGING FOR THOSE AGED 50+ THROUGH THE USE OF TECHNOLOGY AND EDUCATION. THE THRIVE CENTER FOCUSES ON INNOVATIVE PRODUCTS, DYNAMIC PROGRAMMING FOR ELDERS, AND CLINICAL ASSESSMENT TOOLS USING CUTTING-EDGE INNOVATION AND TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheri Rose Executive Director | Officer | 30 | $90,000 |
Mary Haynes Vice Chair | Trustee | 1 | $0 |
Randy Kirsch Director | Trustee | 1 | $0 |
Brooke Runion Director | Trustee | 1 | $0 |
Larry Carlson Director | Trustee | 1 | $0 |
Gary Charland Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $192,536 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,911 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $222,911 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,312 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,487 |
| Fees for services: Accounting | $6,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,448 |
| Office expenses | $4,131 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,220 |
| Travel | $5,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $615 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,988 |
| All other expenses | $2,467 |
| Total functional expenses | $291,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,990 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $95,000 |
| 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 | $13,551 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $125,541 |
| Accounts payable and accrued expenses | $32,288 |
| Grants payable | $0 |
| Deferred revenue | $130,000 |
| 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 | $122,762 |
| Total liabilities | $285,050 |
| Net assets without donor restrictions | -$159,509 |
| 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 | $125,541 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Thrive Center Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Aarp Washington, DC PURPOSE: General support | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rosecrance Inc Rockford, IL | $86,180,732 | $66,976,100 |
Ohio Living Holdings Westerville, OH | $9,052,370 | $48,267,325 |
Cornerstone Service Inc Joliet, IL | $39,737,270 | $40,769,202 |
Lighthouse For The Blind St Louis, MO | $132,994,524 | $33,499,796 |
Signal Centers Inc Chattanooga, TN | $10,070,860 | $27,319,073 |
Louise W Eggleston Center Inc Norfolk, VA | $29,105,931 | $28,904,867 |
Center For Human Services Inc Sedalia, MO | $26,886,839 | $25,741,187 |
Area Resources For Community And Human Services St Louis, MO | $7,485,781 | $21,715,515 |
Kreider Services Inc Dixon, IL | $7,634,045 | $20,356,792 |
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |
Boulder Crest Foundation Bluemont, VA | $39,968,822 | $23,145,930 |
Community Health Ctr Of Central Missouri Jefferson City, MO | $23,228,826 | $19,931,072 |