Thrive Ministries Inc
- Assets
- $94.9k
- Revenue
- $677.6k
- Investments
- $0.0
- Employees
- 39
- Location
- Monroe, LA
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 81-4064728
Organization Overview
Thrive Ministries Inc is located in Monroe, LA. The organization was established in 2017. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2022, Thrive Ministries Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thrive Ministries 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, Thrive Ministries Inc generated $677.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $648.9k during the year ending 12/2022. While expenses have increased by 18.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HELP LOCAL CHARITIES ASSIST WOMEN AND CHILDREN IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELPING LOCAL CHARITIES ASSIST WOMEN AND CHILDREN IN NEED.
HELP LOCAL CHARITIES ASSIST WOMEN AND CHILDREN IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianne James President | Officer | $0 | |
Pam Button Board Member | Trustee | $0 | |
Larry James Board Member | Trustee | $0 | |
Sandra Coats Board Member | Trustee | $0 | |
Angela Leachman Board Membe | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,000 |
| Total Program Service Revenue | $666,116 |
| 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 | $677,599 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $397,297 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,285 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,825 |
| 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 | $496 |
| Insurance | $26,940 |
| All other expenses | $32,897 |
| Total functional expenses | $648,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,340 |
| 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 | $428 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,178 |
| Total assets | $94,946 |
| Accounts payable and accrued expenses | $7,932 |
| 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 | $0 |
| Total liabilities | $7,932 |
| Net assets without donor restrictions | $87,014 |
| 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 | $94,946 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Particular Council Of St Vincent De Paul Of Baton Rouge Lousiana Baton Rouge, LA | $15,291,955 | $12,191,305 |
Katy Christian Ministries Katy, TX | $4,711,078 | $7,821,438 |
Grapevine Relief And Community Exchange Grapevine, TX | $9,467,180 | $5,097,356 |
St Vincent De Paul Thrift Store Of Dallas Dallas, TX | $3,458,892 | $2,819,695 |
Mission Central Metroplex Inc Hurst, TX | $299,139 | $1,574,476 |
St Vincent De Paul Store Of Houma Houma, LA | $517,170 | $1,203,370 |
First West Thrift Store West Monroe, LA | $656,028 | $1,065,577 |
Louise And Anne Thrift & Fleamarket Conway, AR | $997,150 | $686,243 |
Waller Assistance & Restoration Ministries Inc Waller, TX | $1,380,533 | $750,817 |
Thrive Ministries Inc Monroe, LA | $94,946 | $677,599 |
Kidlinks Dallas, TX | $506,747 | $732,247 |
The Samaritan Inn Thrift Store Inc Mckinney, TX | $0 | $475,841 |