Thrive Global Project Inc is located in Charlotte, NC. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Thrive Global Project Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thrive Global 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 12/2021, Thrive Global Project Inc generated $296.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $204.9k during the year ending 12/2021. While expenses have increased by 21.4% per year over the past 4 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
THRIVE GLOBAL PROJECT PROVIDES DISADVANTAGED STUDENTS WITH EDUCATIONAL RESOURCES TO EMPOWER THEM IN THE CLASSROOM (INCLUDING THE VIRTUAL CLASSROOM). WE BELIEVE THAT FAMILIES ARE THE BACKBONE OF COMMUNITIES AND THAT EDUCATION IS THE CORE THAT STRENGTHENS FAMILIES, BUILDS COMMUNITIES AND IMPACTS LIVES FOR THE BETTER.THRIVE GLOBAL PROJECT BELIEVE IN EQUITABLE ACCESS TO QUALITY EDUCATION FOR ALL STUDENTS, REGARDLESS OF RACE, GENDER, INCOME OR SOCIAL STATUS. THRIVE GLOBAL PROJECT IS STEADFAST IN OUR MISSION TO REMOVE BARRIERS TO ACHIEVE QUALITY EDUCATION EXPERIENCES, ECONOMIC MOBILITY, INCREASED SOCIAL CAPITAL AND RACIAL EQUITY BY PROVIDING THE TOOLS AND SUPPORT THAT MIGHT OTHERWISE KEEP A STUDENT FROM ENGAGING IN SCHOOL AND FALLING FURTHER BEHIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
READY TO THRIVE SCHOLARSHIP PROGRAM: THE PROGRAM INVESTS IN LOW-INCOME FIRST GENERATION INCOMING COLLEGE STUDENTS BY PROVIDING FINANCIAL SUPPORT, RESOURCES AND EDUCATION WORKSHOPS TO USE BEST PRACTICES TO CREATE BETTER FUTURE ECONOMIC OUTCOMES. BY PROVIDING STUDENTS WITH A $500 CASH SCHOLARSHIP, RESEARCH SHOWS THEY ARE ABOUT 5X MORE LIKELY TO GRADUATE FROM COLLEGE THAN WITHOUT. WITHOUT FUNDING, STUDENTS WON'T HAVE ACCESS TO VITAL, BASIC NEEDS, DECREASING CAPACITY TO GRADUATE, IMPACTING LONG TERM EARNING POTENTIAL.THE WORKSHOPS IN THIS PROGRAM FOCUS ON KEY COMPONENTS THAT HAVE BEEN IDENTIFIED AS CRITICAL TO STUDENT SUCCESS: 1) FINANCIAL LITERACY 2) RESUME BUILDING/ EMPLOYMENT PREPAREDNESS 3) MENTAL HEALTH AND RESILIENCE.UPON STUDENT EVALUATION OF THIS PROGRAM, WE RECEIVED DOZENS OF STORIES FROM STUDENTS ABOUT HOW THE PROGRAM IMPROVED THEIR CONFIDENCE HEADING INTO THEIR FRESHMAN YEAR. ONE STUDENT SAID: "RECEIVING THE WORKSHOPS AND THE $500 READY TO THRIVE SCHOLARSHIP HELPED ME FEEL MORE CONFIDENT ENTERING MY FRESHMAN YEAR. IT ENSURED ME THAT OTHERS WERE HERE TO HELP ME GET THROUGH THE DIFFICULTIES OF BEING A FIRST-GENERATION COLLEGE STUDENT AND GOING TO SCHOOL DURING A PANDEMIC."
UNZIP THE POTENTIAL PROGRAM: THE UNZIP THE POTENTIAL PROGRAM IN WHICH THRIVE GLOBAL PROJECT'S MISSION WAS FOUNDED. THIS PROGRAM FOCUSES ON PROVIDING DISADVANTAGED, LOW-INCOME K-12 STUDENTS WITH A RESOURCE FILLED BACKPACK THAT CONTAINS A TAILORED SCHOOL SUPPLY KIT TO PROVIDE EQUITABLE CLASSROOM (INCLUDING VIRTUAL CLASSROOM) EXPERIENCES TO EMPOWER STUDENTS IN LIFE AND IN THE CLASSROOM. ON TOP OF RESOURCES, A WORKSHOP COMPONENT TO SUPPORT EDUCATORS AND PARENTS WAS ADDED. THROUGH EXPERT-LED VIRTUAL WORKSHOPS, TRAINING WAS PROVIDED ON PRACTICES TO USE THE RESOURCES INCLUDED IN OUR STUDENT RESOURCE KITS FOR PARENTS, TEACHERS AND STUDENTS. THROUGH THIS 2 GENERATION MODEL, WE PROVIDE SUPPORT TO BOTH CAREGIVER AND CHILD.IN ADDITION, THEY ALSO IDENTIFIED THAT AFTER RECEIVING THRIVE GLOBAL PROJECT'S RESOURCES, EDUCATORS BECAME MORE FREED TO SPEND THEIR TIME FOCUSING ON THE LEARNING PROCESS, RATHER THAN FINDING RESOURCES FOR THEIR STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Grace Moyd Executive Director | Officer | 40 | $51,500 |
Chris Hanne President | OfficerTrustee | 0.5 | $0 |
Annie Makela Treasurer | OfficerTrustee | 0.5 | $0 |
Stacy Mcbride Secretary | OfficerTrustee | 0.5 | $0 |
Aynsley Stotler Board Member | Trustee | 0.5 | $0 |
Amy Dashiell Board Member | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $63,376 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $224,489 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $287,865 |
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 | $8,758 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $296,623 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $50,294 |
Grants and other assistance to domestic individuals. | $18,901 |
Grants and other assistance to Foreign Orgs/Individuals | $4,549 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $51,500 |
Compensation of current officers, directors, key employees. | $5,150 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $40,000 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $7,000 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,979 |
Fees for services: Accounting | $8,700 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $906 |
Advertising and promotion | $1,287 |
Office expenses | $2,183 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,143 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $396 |
All other expenses | $235 |
Total functional expenses | $204,938 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $299,065 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $18,022 |
Total assets | $317,087 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Net assets without donor restrictions | $317,087 |
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 | $317,087 |
Over the last fiscal year, Thrive Global Project Inc has awarded $13,557 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Charlotte, NC PURPOSE: BACKPACKS AND SCHOOL SUPPLIES | $7,632 |
GIVE TO LEARN TO GROW PURPOSE: BACKPACKS AND SCHOOL SUPPLIES | $5,925 |
Over the last fiscal year, we have identified 3 grants that Thrive Global Project Inc has recieved totaling $67,817.
Awarding Organization | Amount |
---|---|
Arizona Helping Hands Phoenix, AZ PURPOSE: SUPPORT NONCASH GRANTS TO SUPPORT FOSTER CHILDREN | $37,817 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: GENERAL SUPPORT | $25,000 |
Charlotte Womans Club Raleigh, NC PURPOSE: GENERAL | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |