Overview
What is Thrive Scholars?
Thrive Scholars is a Boston-based nonprofit organization dedicated to supporting high-achieving, underrepresented students from economically disadvantaged communities in gaining admission to and graduating from top colleges. With a team of 254 employees, Thrive Scholars has achieved remarkable results, helping 92% of their scholars attend a top 100 college, and over 40% attend an Ivy League+ school. An impressive 98% of Thrive Scholars graduated from college within six years, with an average GPA of 3.42 upon graduation. Thrive Scholars' signature Summer Academy, a 6-week academic program, equips first-generation students with the necessary skills to navigate the college experience and succeed in rigorous academic programs, leading to increased GPAs, improved persistence in STEM majors, and increased graduation rates.
Official website here: www.thrivescholars.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 95%
Thrive Scholars has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, indicating a strong commitment to accountability and finance. This rating reflects a 95% score in the Accountability & Finance category, showcasing the organization's robust financial health and operational transparency.
The organization excels in several key areas, including having a fully independent board and a thorough audit and oversight committee. Thrive Scholars demonstrates excellent management practices, with no material diversion of assets and a solid program expense ratio of 72.48%, highlighting their effective allocation of resources toward their mission.
However, while the organization shows outstanding financial efficiency, it is important for potential donors to consider how these financial metrics translate into program impact. Overall, Thrive Scholars is positioned as a trustworthy nonprofit, making significant strides in its financial operations while maintaining high standards of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Thrive Scholars legitimate?
Thrive Scholars is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thrive Scholars 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: $1,242,279
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,985,098
For more financial information, click here
Official website here: www.thrivescholars.org
What is the mission statement of Thrive Scholars?
Thrive Scholars is a program dedicated to helping underrepresented, high-achieving students from economically disadvantaged backgrounds gain admission into and successfully graduate from top colleges. Their mission is to equip these students with the tools they need to reach their full career potential. Thrive Scholars has seen remarkable results, with 92% of their scholars attending a top 100 college and 98% graduating within six years. The average GPA of Thrive Scholars upon graduation is 3.42, and 75% of those pursuing STEM degrees persisted and graduated with a STEM degree. The program's first-year college scholars finished their freshman year with an average GPA of 3.4. Thrive Scholars' scholars outperform the general population at top 100 colleges, making them 10% more likely to graduate than their more privileged peers and 25% more likely to persist in difficult STEM majors. A significant factor contributing to their success is Thrive Scholars' signature Summer Academy, a rigorous six-week academic program designed to demystify the college experience and prepare first-generation students for the challenges of higher education.
Official website here: www.thrivescholars.org
Who is the CEO of Thrive Scholars?
Ana Archibald is the Ceo of Thrive Scholars. The CEO's salary of Thrive Scholars is $359,264 and their total compensation is $376,859.
Official website here: www.thrivescholars.org
What is the revenue of Thrive Scholars?
Thrive Scholars's revenue in 2022 was $11,903,031.
Official website here: www.thrivescholars.org
Who are the executives of Thrive Scholars and what are their salaries?
The average compensation at Thrive Scholars during 2022 was $24,517. There are 254 employees and 483 volunteers at Thrive Scholars.
Here are 27 key members and their salaries (Thrive Scholars's CEO's salary is $359,264 and their total compensation is $376,859):
- Compensation: $359,264
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- Other: $17,595
- Compensation: $212,376
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- Other: $16,638
- Compensation: $209,868
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- Other: $11,987
- Compensation: $211,666
- Related: $0
- Other: $9,097
- Compensation: $136,405
- Related: $0
- Other: $18,603
- Compensation: $128,500
- Related: $0
- Other: $5,571
- Compensation: $117,860
- Related: $0
- Other: $11,295
- Compensation: $121,135
- Related: $0
- Other: $13,171
- Compensation: $112,609
- Related: $0
- Other: $11,243
- Compensation: $76,463
- Related: $0
- Other: $5,595
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Official website here: www.thrivescholars.org
Where can I find the form 990 for Thrive Scholars?
Thrive Scholars's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thrivescholars.org
Learn more at the official website: www.thrivescholars.org
Mission Statement of Thrive Scholars
Thrive Scholars, a mission-driven organization, strives to help high-achieving, underrepresented students from economically disadvantaged communities gain admission to and graduate from top colleges, equipped to reach their full career potential. By focusing on this demographic, Thrive Scholars aims to bridge the gap between privilege and opportunity.
Thrive Scholars has achieved remarkable results in supporting scholars on their academic journey. A substantial 92% of Thrive Scholars attend a top 100 college, with over 40% enrolling in Ivy League+ institutions. These schools include the Ivy League, Stanford, MIT, the University of Chicago, and Duke. An impressive 98% of Thrive Scholars graduated from college within six years, boasting an average GPA of 3.42 upon graduation. Among STEM scholars, 75% persisted and graduated with a STEM degree, while first-year college scholars ended their freshman year with an average GPA of 3.4.
Thrive Scholars' scholars not only outperform their peers at top 100 colleges but also defy statistics, with a 10% higher graduation rate and a 25% higher persistence rate in challenging STEM majors compared to their more privileged peers. This success can largely be attributed to Thrive Scholars' signature Summer Academy, a rigorous six-week academic program designed to demystify the college experience and acclimate first-generation students to the demands of higher education. Since its inception, the Summer Academy has yielded significant improvements: scholars' GPAs rose from 2.9 to 3.4, STEM persistence increased from 20% to 75%, and 6-year graduation rates soared from 90% to 98%.
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Impact
October, 2024
Thrive Scholars significantly impacts the educational trajectories of high-achieving, underrepresented students. By focusing on those from economically disadvantaged communities, Thrive Scholars has facilitated impressive outcomes that showcase the effectiveness of its programs.
Currently, 92% of Thrive Scholars attend a top 100 college, with over 40% going on to Ivy League or equivalent institutions such as Stanford, MIT, and the University of Chicago. The success continues with a remarkable 98% graduation rate within six years. Scholars typically graduate with an average GPA of 3.42, and a notable 75% of those in STEM fields persist and earn their degrees in those challenging majors.
These achievements are particularly impressive when compared to their peers. Thrive Scholars outperform not only similar students but also others at top colleges, being 10% more likely to graduate than their more privileged counterparts and 25% more likely to persist in demanding STEM majors.
A cornerstone of this success is the signature Summer Academy, a rigorous six-week program that prepares first-generation college students for the challenges they will face. The results speak for themselves: participants experienced a GPA increase from 2.9 to 3.4, and STEM persistence rose dramatically from 20% to 75%, while graduation rates improved from 90% to 98% since the program began.
In essence, Thrive Scholars not only opens doors to top-tier educational institutions but also equips students with the tools and support necessary to thrive academically and professionally, ensuring they can achieve their full career potential.
This information is meant to be a general summary of Thrive Scholars. 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: $29,351
- Gross Receipts: $11,903,041
Assets and Liabilities:
- Total Assets: $11,146,876
- Total Liabilities: $2,595,462
- Net Assets: $8,551,414
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Organization Details
Founding Year
2014
Phone
(617) 580-9149Principal Officer
Ana Archibald
Main Address
75 FEDERAL STREET SUITE 1250, BOSTON, MA, 02110
Website
www.thrivescholars.orgNTEE Category
Code: B82 - Education
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