Sc Thrive
- Assets
- $9.4m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 71
- Location
- Columbia, SC
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 90-1011409
Organization Overview
Sc Thrive is located in Columbia, SC. The organization was established in 2014. According to its NTEE Classification (U19) the organization is classified as: Support N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2022, SC Thrive employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. SC Thrive 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, SC Thrive generated $6.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $6.0m during the year ending 12/2022. While expenses have increased by 5.2% per year over the past 8 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
THE ORGANIZATION LEADS SOUTH CAROLINIANS TO STABILITY BY PROVIDING INNOVATIVE AND EFFICIENT ACCESS TO QUALITY OF LIFE RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TRAINING AND ACCESS TO INNOVATIVE RESOURCES AND TOOLS TO GIVE PEOPLE IN SOUTH CAROLINA THE OPPORTUNITY TO IMPROVE THEIR FINANCIAL WELL BEING, HEALTH AND HOUSEHOLD STABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tricia Richardson CEO | Officer | 45 | $204,686 |
Allie Boykin CFO | Officer | 45 | $136,064 |
Stephanie Mcguire Chief Marketing & Training Officer | 40 | $114,158 | |
Anthony Hill Board Member | Trustee | 1 | $0 |
Virginia Mullikin Board Member | Trustee | 1 | $0 |
David Splittgerber Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,124,121 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,248,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,372,936 |
| Total Program Service Revenue | $361,322 |
| Investment income | $2,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $54,629 |
| Net Gain/Loss on Asset Sales | $4,099 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,795,403 |
| 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. | $510,710 |
| Compensation of current officers, directors, key employees. | $30,643 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,978,330 |
| Pension plan accruals and contributions | $57,430 |
| Other employee benefits | $219,160 |
| Payroll taxes | $190,041 |
| 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 | $158,688 |
| Office expenses | $82,091 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $118,603 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $76,040 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $325,289 |
| Insurance | $0 |
| All other expenses | $234,938 |
| Total functional expenses | $6,003,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,163,459 |
| Savings and temporary cash investments | $901,674 |
| Pledges and grants receivable | $786,224 |
| Accounts receivable, net | $47,241 |
| 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 | $110,534 |
| Net Land, buildings, and equipment | $3,932,128 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $478,098 |
| Other assets | $0 |
| Total assets | $9,419,358 |
| Accounts payable and accrued expenses | $420,630 |
| Grants payable | $0 |
| Deferred revenue | $253,053 |
| 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 | $1,968,543 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,240 |
| Total liabilities | $2,667,466 |
| Net assets without donor restrictions | $6,551,892 |
| Net assets with donor restrictions | $200,000 |
| 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 | $9,419,358 |