Thrive Family Resource Center
- Assets
- $273.7k
- Revenue
- $866.8k
- Investments
- $0.0
- Employees
- 25
- Location
- Rochester, MN
- Founding
- 12/2017
- Data as of
- 06/2023
- EIN
- 82-2612625
Organization Overview
Thrive Family Resource Center is located in Rochester, MN. The organization was established in 2017. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2023, Thrive Family Resource Center employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thrive Family Resource Center 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 Family Resource Center generated $866.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $979.7k during the year ending 06/2023. 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! FAMILY RESOURCE CENTER'S MISSION IS TO HELP BREAK THE CYCLE OF POVERTY BY OFFERING HIGH QUALITY CHILD CARE AND FAMILY SUPPORT. WE ARE BUILDING COMMUNITY, ONE FAMILY AT A TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CHILD CARE TO FAMILIES IN ROCHESTER, MINNESOTA WITH AN EMPHASIS ON QUALITY INTERACTIONS, HANDS-ON LEARNING, SOCIAL AND EMOTIONAL DEVELOPMENT AND FAMILY PARTNERSHIPS. THE ORGANIZATION PROGRAMS FOCUS ON INFANTS, TODDLERS AND PRESCHOOLERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Hazelton President | OfficerTrustee | 1.1 | $0 |
Delbert Lawson Treasurer | OfficerTrustee | 1.1 | $0 |
Paige Dighton Secretary | OfficerTrustee | 0.7 | $0 |
Dustin Donahue Director | Trustee | 0.5 | $0 |
Deborah Gross Director | Trustee | 0.5 | $0 |
Jenny Cannon Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $114,640 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,890 |
| Noncash contributions included in lines 1a–1f | $8,535 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,530 |
| Total Program Service Revenue | $690,448 |
| 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 | $866,752 |
| 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 | $676,867 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,451 |
| Payroll taxes | $52,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,101 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,026 |
| Office expenses | $11,606 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $102,420 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,076 |
| Insurance | $8,017 |
| All other expenses | $8,253 |
| Total functional expenses | $979,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,267 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,733 |
| 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 | $12,292 |
| Net Land, buildings, and equipment | $11,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,981 |
| Other assets | $0 |
| Total assets | $273,708 |
| Accounts payable and accrued expenses | $46,864 |
| Grants payable | $0 |
| Deferred revenue | $10,670 |
| 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 | $2,708 |
| Other liabilities | $0 |
| Total liabilities | $60,242 |
| Net assets without donor restrictions | $213,466 |
| 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 | $273,708 |