Thrive Global Project Inc
- Assets
- $461.0k
- Revenue
- $761.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Charlotte, NC
- Founding
- 04/2018
- Data as of
- 12/2022
- EIN
- 82-3885977
Organization Overview
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 12/2022, 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 12/2022, Thrive Global Project Inc generated $761.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 41.1% each year . All expenses for the organization totaled $616.2k during the year ending 12/2022. While expenses have increased by 45.5% 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
2022
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 IMPACT LIVES FOR THE BETTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNZIP YOUR POTENTIAL: IS THE PROGRAM IN WHICH THRIVE GLOBAL PROJECT'S MISSION WAS FOUNDED. THIS PROGRAM FOCUSES ON PROVIDING DISVANTAGED, 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.
THE LUNCH PROJECT: A COMMUNITY-DRIVEN LUNCH PROGRAM IN TANZANIA THAT PROVIDES STUDENTS A HOT LUNCH, GIVING THEM A FUEL TO THRIVE IN THE CLASSROOM SO THAT THEY CAN, IN TURN, TRANSFORM THEIR LIVES AND THEIR COMMUNITIES.
READY TO THRIVE: 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, STUDENT WON'T HAVE ACCESS TO VITAL, BASIC NEEDS, DECREASING THEIR CAPACITY TO GRADUATE, AND 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 LITERARCY 2) RESUME BUILDING/ EMPLOYMENT PREPAREDNESS 3) MENTAL HEALTH AND RESILENCE, 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 SCHOLASHIP 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Moyd Executive Director | Officer | 40 | $62,000 |
Chris Hanne President | OfficerTrustee | 0.5 | $0 |
Annie Makela Treasurer | OfficerTrustee | 0.5 | $0 |
Stacy Mcbride Secretary | OfficerTrustee | 0.5 | $0 |
Amy Dashiell Board Member | Trustee | 0.5 | $0 |
Aynsley Stotler Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,645 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $747,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $760,764 |
| Total Program Service Revenue | $240 |
| 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 | $627 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $761,631 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $290,176 |
| Grants and other assistance to domestic individuals. | $54,147 |
| Grants and other assistance to Foreign Orgs/Individuals | $15,620 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,000 |
| Compensation of current officers, directors, key employees. | $6,532 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,999 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,592 |
| Advertising and promotion | $0 |
| Office expenses | $12,433 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $623 |
| Travel | $96,031 |
| 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 | $0 |
| Insurance | $504 |
| All other expenses | $5,195 |
| Total functional expenses | $616,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $461,034 |
| 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 | $0 |
| Total assets | $461,034 |
| 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 | $459,198 |
| Net assets with donor restrictions | $1,836 |
| 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 | $461,034 |
Grants Awarded
Over the last fiscal year, Thrive Global Project Inc has awarded $285,744 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GIVE TO LEARN TO GROW PURPOSE: BACKPACKS AND SCHOOL SUPPLIES. | $201,469 |
THE FOUNDATION FOR TOMORROW PURPOSE: BACKPACKS AND SCHOOL SUPPLIES. | $84,275 |