Overview
What is Thrive Memphis?
Thrive Memphis is a nonprofit organization located in Memphis, Tennessee. With a mission to enrich the lives of the developmentally challenged, they provide a range of social, recreational, and educational activities. These activities include after-school programming, weekend events, summer camps, and day programs. They operate under the name Thrive Memphis, formerly known as the Exceptional Foundation of West Tennessee, and currently employ 26 individuals. Their goal is to foster a supportive environment that caters to the unique needs of this community, enhancing their overall quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
Thrive Memphis has achieved a strong 91% score from Charity Navigator, earning it a prestigious Four-Star rating. This rating is derived solely from its Accountability & Finance metrics, indicating a solid foundation in financial integrity and transparency. The organization’s effective governance is highlighted by having a fully independent board, with 100% of its members meeting the criteria for independent status.
The nonprofit exhibits exemplary practices in several key areas. There are no reported issues with asset diversion, and Thrive Memphis has established comprehensive policies for conflict of interest, whistleblower protection, and document retention. Its low liabilities to assets ratio of 1.70% reflects sound financial management, while a program expense ratio of 67.78% indicates a commitment to directing funds towards its mission.
Despite these strengths, it's worth noting that the program expense ratio falls slightly short of the maximum score, which suggests opportunities for improvement in how funds are allocated to programs versus administrative costs. Overall, Thrive Memphis demonstrates a strong commitment to accountability and financial responsibility, making it a noteworthy nonprofit in its sector.
This AI summary has been generated from information found on Charity Navigator.
Is Thrive Memphis legitimate?
Thrive Memphis is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thrive Memphis submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $87,490
Professional Fundraising Fees: $0
Other Salaries and Wages: $206,985
For more financial information, click here
What is the mission statement of Thrive Memphis?
Thrive Memphis, as an organization, is committed to enhancing the lives of individuals with developmental challenges. They strive to fulfill their social, recreational, and educational needs through various initiatives. Their mission is multifaceted, encompassing after-school programs, weekend events, summer camps, and day programs. These activities aim to provide a holistic approach to the development and well-being of these individuals, promoting a sense of community and continued learning.
Who is the CEO of Thrive Memphis?
Marla Mounce is the Director of Thrive Memphis.
What is the revenue of Thrive Memphis?
Thrive Memphis's revenue in 2022 was $462,039.
Who are the executives of Thrive Memphis and what are their salaries?
The average compensation at Thrive Memphis during 2022 was $11,326. There are 26 employees and 15 volunteers at Thrive Memphis.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Thrive Memphis?
Thrive Memphis's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Thrive Memphis
Thrive Memphis, a nonprofit organization, is dedicated to enriching the lives of individuals with developmental challenges. Their mission is centered around fulfilling the social, recreational, and continuing educational needs of these individuals. Through various programs, Thrive Memphis aims to provide a holistic approach to their clients' well-being.
The organization offers a range of activities designed to cater to the diverse needs of its clients. These include after-school programming, weekend events, summer camps, and day programs. These initiatives not only provide a fun and engaging environment but also contribute to the overall development of the individuals involved. By offering these activities, Thrive Memphis is committed to creating opportunities for personal growth and social interaction, thereby enhancing the quality of life for those with developmental challenges.
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Impact
July, 2024
Thrive Memphis positively impacts the lives of individuals with developmental challenges by providing social, recreational, and continuing educational opportunities. Through after-school programs, weekend events, summer camps, and day programs, Thrive Memphis enriches the lives of its participants and promotes their well-being. The organization's efforts in Memphis, TN, contribute to fostering inclusivity, personal growth, and a sense of community among individuals with developmental challenges.
This information is meant to be a general summary of Thrive Memphis. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $557
- Program Service Revenue: $194,306
- Gross Receipts: $478,311
Assets and Liabilities:
- Total Assets: $388,529
- Total Liabilities: $6,619
- Net Assets: $381,910
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Participant fees
Revenue
$194,306
Organization Details
Founding Year
2008
Phone
(901) 387-5002Principal Officer
Marla Mounce
Main Address
PO BOX 171136, MEMPHIS, TN, 38187
NTEE Category
Code: P71 - Human services
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