Thrive For Life Prison Project Inc
- Assets
- $2.0m
- Revenue
- $2.0m
- Investments
- $615.6k
- Employees
- 5
- Location
- New York, NY
- Founding
- 06/2017
- Data as of
- 06/2023
- EIN
- 81-5342358
Organization Overview
Thrive For Life Prison Project Inc is located in New York, NY. The organization was established in 2017. According to its NTEE Classification (I43) the organization is classified as: Inmate Support, under the broad grouping of Crime & Legal-Related and related organizations. As of 06/2023, Thrive For Life Prison Project Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thrive For Life Prison Project 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 06/2023, Thrive For Life Prison Project Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $958.7k during the year ending 06/2023. While expenses have increased by 23.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THRIVE FOR LIFE PRISON PROJECT CREATES OPPORTUNITIES FOR SPIRITUAL DEVELOPMENT AND PROVIDES EDUCATIONAL RESOURCES FOR INCARCERATED AND FORMERLY INCARCERATED INDIVIDUALS WHILE PARTNERING WITH LOCAL UNIVERSITIES AND LOCAL EMPLOYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEYOND THE WALLS:THIS PAST YEAR, THRIVE FOR LIFE UNDERTOOK MAJOR RENOVATIONS OF A NEW SITE FOR OUR IGNACIO HOUSE OF STUDIES PROGRAM. THANKS TO THE GENEROSITY OF HIS EMINENCE, TIMOTHY CARDINAL DOLAN, THRIVE FOR LIFE MOVED INTO A NEW SPACE IN EAST HARLEM THAT IS MAXIMALLY CONDUCIVE TO BUILDING STRONG BONDS OF COMMUNITY FOR OUR RETURNING BROTHERS CONTINUING THE GOOD WORK OF COLLEGE EDUCATION. THANKS TO THE SUPPORT OF SEVERAL GENEROUS BENEFACTORS, THRIVE FOR LIFE COMMENCED MUCH-NEEDED RENOVATIONS AND REPAIRS TO THE 100+ YEAR OLD STRUCTURE THAT ALLOWED US TO TRANSFORM THE SPACE INTO A HOME FOR OUR RESIDENT SCHOLARS. SUCH IMPROVEMENTS INCLUDED A COMPLETELY NEW KITCHEN, DINING ROOM, LIVING SPACE, CHAPEL, AND BEDROOMS TO SERVE UP TO 15 RESIDENTS AS THEY CONTINUE THEIR STUDIES. ADDITIONALLY, WE CONTINUE TO MAKE STRIDES IN MILWAUKEE, WI WHERE WE ENDEAVOR TO OPEN OUR DOORS TO A NEW COHORT OF SCHOLARS AS EARLY AS JUNE 2024.
BEHIND THE WALLS:OVER THE COURSE OF THE LAST FISCAL YEAR, THRIVE FOR LIFE HAS CONTINUED TO FORGE FAITH COMMUNITY PARTNERSHIPS TO SUPPORT OUR RETREAT PROGRAMMING BEHIND THE PRISON WALLS THROUGHOUT NEW YORK STATE. EACH WEEK, FR. ZACH AND TRAINED MENTORS VISIT ONE OF SIX DIFFERENT CORRECTIONAL FACILITIES TO OFFER CLASSICAL, MEDITATIVE RESOURCES FOR AN EXAMINED LIFE TO OUR INCARCERATED BROTHERS AND SISTERS WITH THE HELP OF VARIOUS PARISHES WHO PROVIDE SUPPLIES AND MENTORS TO ASSIST IN THIS ENDEAVOR. WE CONTINUE TO FORGE CLOSE RELATIONSHIPS WITH WELL OVER 50+ PARISHES THROUGHOUT THE ARCHDIOCESE OF NEW YORK AND THE DIOCESE OF BROOKLYN, EACH OF WHOM ARE COMMITTED TO OUR MISSION TO TRANSFORM LIVES. WE HAVE LEVERAGED THESE RELATIONSHIPS TO EXTEND OUR RETREAT PROGRAMMING, AS WELL, TO FAMILIES IMPACTED BY INCARCERATION WHERE WE ONCE AGAIN HELD OUR DAY OF PRAYER FOR OUR INCARCERATED BROTHERS AND SISTERS IN CORONA, QUEENS AT OUR LADY OF SORROWS CHURCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Coss Marte Founder Conbody & Coss Athle | Trustee | 1 | $0 |
James Croghan Superiorboston College High | Trustee | 1 | $0 |
Philip Judge Presidentmcquaid Jesuit High | Trustee | 1 | $0 |
Zachariah F Presutti Founder And Executive Directo | OfficerTrustee | 1 | $0 |
Mickael Ohana Board Chair | OfficerTrustee | 1 | $0 |
Mary Casey Board Vice President & Secret | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $61,786 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,930,622 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,992,408 |
| 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 | $1,993,966 |
| 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 | $209,325 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,804 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $70,168 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $136,020 |
| Travel | $88,002 |
| 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 | $27,859 |
| Insurance | $51,731 |
| All other expenses | $9,460 |
| Total functional expenses | $958,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $354,951 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,458 |
| 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 | $20,543 |
| Net Land, buildings, and equipment | $698,725 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $615,563 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300,988 |
| Total assets | $2,014,228 |
| Accounts payable and accrued expenses | $92,132 |
| 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 | $327,469 |
| Total liabilities | $419,601 |
| Net assets without donor restrictions | $785,495 |
| Net assets with donor restrictions | $809,132 |
| 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 | $2,014,228 |