Overview
What is Thrive Foundation?
Thrive Foundation is a nonprofit organization situated in Baton Rouge, Louisiana, specifically at 2585 Brightside Drive. Its primary mission is to offer financial and facility assistance to Thrive, a public, tuition-free, boarding school catering to at-risk students from grades 6 to 12 within Louisiana. The Foundation's role is instrumental in ensuring the school's smooth operation and ongoing success, thereby positively impacting the lives of its students. With a dedicated workforce of nine individuals, Thrive Foundation demonstrates a strong commitment to supporting the educational needs of at-risk youth in Louisiana.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Thrive Foundation has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 60%. The foundation demonstrates some strengths, particularly in its financial oversight, as indicated by a perfect score for its audit and oversight committee. Additionally, the organization has established strong conflict of interest and whistleblower policies, contributing positively to its accountability framework.
However, the foundation faces notable shortcomings, including a lack of independent board members and missing essential documentation on its website, such as tax forms and a document retention policy. The high liabilities to assets ratio raises concerns about financial stability, despite a reasonable program expense ratio indicating that a significant portion of its resources is directed towards its programs.
Overall, while Thrive Foundation shows commitment in certain areas, its governance and transparency practices require substantial improvements to enhance its credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Thrive Foundation legitimate?
Thrive Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thrive Foundation 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: $76,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $126,720
For more financial information, click here
What is the mission statement of Thrive Foundation?
The Thrive Foundation's mission is centered around providing support, specifically in the form of fundraising and facilities assistance. This mission aims to aid an entity known as Thrive, without specifying its nature. The organization's primary objective is to facilitate the operation of a public, tuition-free, boarding school for at-risk students in grades 6 through 12 from Louisiana. This school is situated in Baton Rouge, LA. The Thrive Foundation's role is crucial in ensuring the smooth functioning of this educational institution, thereby providing opportunities for vulnerable youth.
Who is the CEO of Thrive Foundation?
Dave Baxter is the President/Ceo of Thrive Foundation. The CEO's salary of Thrive Foundation is $76,875 and their total compensation is $76,875.
What is the revenue of Thrive Foundation?
Thrive Foundation's revenue in 2022 was $2,342,211.
Who are the executives of Thrive Foundation and what are their salaries?
The average compensation at Thrive Foundation during 2022 was $22,622. There are 9 employees at Thrive Foundation.
Here are 13 key members and their salaries (Thrive Foundation's CEO's salary is $76,875 and their total compensation is $76,875):
- Compensation: $76,875
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- Other: $0
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Where can I find the form 990 for Thrive Foundation?
Thrive Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Thrive Foundation
The Thrive Foundation is committed to providing essential support in the realms of fundraising and facilities for an organization named Thrive. This mission is aimed at ensuring the smooth operation of a public, tuition-free, boarding school situated in Baton Rouge, Louisiana, specifically catering to at-risk students in grades six through twelve hailing from the state of Louisiana. By providing this support, the Thrive Foundation plays a significant role in facilitating education and opportunities for these students, enabling them to navigate their formative years and lay a strong foundation for their future.
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Impact
July, 2024
Thrive Foundation's impact can be seen in its successful support of a public, tuition-free boarding school in Baton Rouge, Louisiana, for at-risk students in grades 6 through 12. Through its fundraising and facilities support, Thrive Foundation plays a crucial role in providing opportunities for these students to receive a quality education and support their growth and development. The foundation's focus on education helps empower these students and improve their chances for a brighter future.
This information is meant to be a general summary of Thrive Foundation. 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.
- Program Service Revenue: $1,665,839
- Gross Receipts: $2,342,211
Assets and Liabilities:
- Total Assets: $14,613,554
- Total Liabilities: $10,846,205
- Net Assets: $3,767,349
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest income
Revenue
$212,379
Rental Income
Revenue
$1,453,460
Organization Details
Founding Year
2013
Phone
(225) 239-7820Principal Officer
Dave Baxter
Main Address
2585 Brightside Dr, Baton Rouge, LA, 70820
NTEE Category
Code: B19 - Education
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