Overview
What is Thrive Regional Partnership Inc?
Thrive Regional Partnership Inc is a nonprofit organization that focuses on fostering growth in its tri-state area through collaboration, innovation, education, and community programs. Their mission involves optimizing community enhancement opportunities, while safeguarding the region's natural treasures and landscapes. By employing a team of dedicated volunteers and staff, they conduct factual investigations, apply principles-based analysis, and disseminate relevant information to various sectors, including politics, business, culture, and leadership. Their primary goal is to establish a vision for responsible and inspired growth over the next four decades.
Official website here: www.thriveregionalpartnership.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (74%)
Thrive Regional Partnership Inc has received a two-star rating, indicating that while the organization excels in accountability and finance, there are notable concerns regarding its program expense ratio. Scoring 100% in accountability and finance reflects strong governance practices, including a fully independent board and comprehensive financial audits. However, the majority of its expenses are not directed towards programs, with a program expense ratio of only 52.53%, which is significantly lower than expected.
The nonprofit demonstrates robust policies in place, including conflict of interest and whistleblower policies, which contribute positively to its governance score. The organization is transparent in its financial dealings, as evidenced by the absence of material diversion of assets and proper documentation of board meeting minutes. This level of accountability is commendable and showcases the organization’s commitment to ethical practices.
Despite these strengths, the low program expense ratio raises concerns regarding how effectively Thrive Regional Partnership Inc utilizes its resources to achieve its mission. The salary of the President/CEO, Bridgett Massengill, is noted at $133,476, while other key personnel do not receive compensation. Stakeholders may want to consider these factors when evaluating the impact of their contributions to the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Thrive Regional Partnership Inc legitimate?
Thrive Regional Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thrive Regional Partnership Inc 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: $135,980
Professional Fundraising Fees: $0
Other Salaries and Wages: $222,467
For more financial information, click here
Official website here: www.thriveregionalpartnership.org
What is the mission statement of Thrive Regional Partnership Inc?
Thrive Regional Partnership Inc's mission is centered around developing, implementing, and sustaining a vision for responsible and inspired growth over the next four decades. They achieve this goal through collaboration, communication, analytics, and innovation, aiming to optimize community enhancement opportunities while preserving the natural treasures and landscapes that define this unique region. The organization builds and maintains a dedicated team of volunteers and staff who conduct factual investigations, apply principles-based analysis, and disseminate information to various sectors of society, including the political, business, cultural, and other leadership of the tri-state area served by the partnership. In essence, Thrive Regional Partnership Inc seeks to promote growth and improvement in the community through collaboration and innovative initiatives.
Official website here: www.thriveregionalpartnership.org
Who is the CEO of Thrive Regional Partnership Inc?
Bridgett Massengill is the CEO of Thrive Regional Partnership Inc The CEO's salary of Thrive Regional Partnership Inc is $135,979 and their total compensation is $150,534.
Official website here: www.thriveregionalpartnership.org
What is the revenue of Thrive Regional Partnership Inc?
Thrive Regional Partnership Inc's revenue in 2023 was $842,879.
Official website here: www.thriveregionalpartnership.org
Who are the executives of Thrive Regional Partnership Inc and what are their salaries?
The average compensation at Thrive Regional Partnership Inc during 2023 was $51,207. There are 7 employees and 286 volunteers at Thrive Regional Partnership Inc.
Here are 28 key members and their salaries (Thrive Regional Partnership Inc's CEO's salary is $135,979 and their total compensation is $150,534):
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- Compensation: $135,979
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- Other: $14,555
Official website here: www.thriveregionalpartnership.org
Where can I find the form 990 for Thrive Regional Partnership Inc?
Thrive Regional Partnership Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thriveregionalpartnership.org
Learn more at the official website: www.thriveregionalpartnership.org
Mission Statement of Thrive Regional Partnership Inc
Thrive Regional Partnership, a forward-thinking organization, is dedicated to shaping a vision for responsible and inspired growth for the next four decades. Employing collaboration, communication, analytics, and innovation, Thrive aims to optimize community enhancement opportunities while preserving the natural treasures and landscapes that define their region. To accomplish these goals, they establish and maintain a team of volunteers and staff committed to factual investigation, principles-based analysis, and dissemination of information to the public and various leadership sectors. In essence, Thrive Regional Partnership develops and implements a vision for growth in the tri-state area through collaborative efforts, innovative strategies, educational programs, and community initiatives.
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Impact
July, 2024
Thrive Regional Partnership Inc is making a significant impact on the tri-state area by developing and implementing a vision for responsible and inspired growth over the next four decades. Through collaboration, communication, analytics, and innovation, Thrive is optimizing community enhancement opportunities while safeguarding the natural treasures and landscapes that make the region special. By building and maintaining a dedicated team of volunteers and staff committed to factual investigation, principles-based analysis, and information dissemination, Thrive is influencing the political, business, cultural, and other leadership of the tri-state region. Their work is focused on ensuring sustainable and informed growth for the benefit of the community.
This information is meant to be a general summary of Thrive Regional Partnership Inc. 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 2023.
- Investment Income: $8,686
- Program Service Revenue: $75,475
- Gross Receipts: $842,879
Assets and Liabilities:
- Total Assets: $847,768
- Total Liabilities: $77,593
- Net Assets: $770,175
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$75,475
Organization Details
Founding Year
2016
Principal Officer
Bridgett Massengill
NTEE Category
Code: W01 - Public benefit
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