Thrive Teaching INC EIN 26-0230155

Thrive Teaching INC

EIN  26-0230155 Public charity (501(c)(3)) Moorpark, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Funds Christian churches and equips leaders to expand their influence.
Leadership
Michael L Rovner · President
Money in and out
$415K revenue, $334K expenses
Bottom line
54% program efficiency

Funds Christian churches and equips leaders to expand their influence. For fiscal year 2024 it reported $415K in revenue, $334K in expenses, and $100K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$415K
Pt VIII · Ln 12
Total expenses
$334K
Pt IX · Ln 25
Net assets
$100K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $81K
Where spending went · Part IX cols B–D
Program services $0.54 Management & general $0.46
Program efficiency
54%
of spending reaches programs▲ +100% vs prior filing year
Operating runway
3.2mo
months of highly liquid reserves at operating expense rate▲ +700% vs prior filing year
Surplus margin
+19%
revenue over expenses, this year▲ ×43 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$415K
FY2024▲ +75%
Expenses
$334K
FY2024▲ +40%
Total assets
$101K
FY2024▲ +402%
Total liabilities
$1K
FY2024▲ +74%
Total revenue
$415K
Pt VIII · Ln 12
Total expenses
$334K
Pt IX · Ln 25
Net assets
$100K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$81K
Total assetsPt X · Ln 16$101K
Program-expense ratioPt IX · col B54%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

3 program services account for $181K of program spending, described in the organization's own filed words · FY2024.
01

To assist the church in its day to day operations, and in helping them to spread the teaching of jesus christ in other states in the united states.

$104Kprogram expense
02

To assist the church in its day to day operations, and in helping them to spread the teaching of jesus christ in dominican republic.

$41Kprogram expense
03

To assist the church in its day to day operations, and in helping them to spread the teaching of jesus christ through books and other publications.

$35Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThrive Teaching INC
EINHdr · item D26-0230155
Principal addressHdr · item CMoorpark, CA
WebsiteHdr · item Jprofilesforsuccess.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFMay 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$414K
Other revenue$971
Total revenueLn 12$415K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.54 Management & general $0.46
Program services54%$181K
Management & general46%$153K
Total functional expensesLn 25$334K

Balance Sheet

Part X · end of year
CashLn 1$90K
Total assetsLn 16$101K
Total liabilitiesLn 26$1K
Total net assetsLn 32$100K
Months of cash on handcomputed3.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $90K · Operating expenses/yr $334K
3.2 months
Where the money goes
Program services
Program services $181K · Total expenses $334K
54%
Management & General
Management & general $153K · Total expenses $334K
46%
Fundraising
Fundraising $0 · Total expenses $334K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $152 · Solicited contributions (3-yr avg) $368K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $414K · Total revenue $415K
100%
Government reliance
Government grants — · Total revenue $415K
Earned-income share
Program service revenue $0 · Total revenue $415K
0%
Investment reliance
Investment income $0 · Total revenue $415K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $334K
0%
Growth & trend
Revenue growth (YoY)
This year $415K · Prior year $237K
+75%
Revenue CAGR
FY2020 $48K · FY2024 $415K
+71%
Net-asset trend (YoY)
End of year $100K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $415K · Expenses $334K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $101K
Net-asset ratio
Net assets $100K · Total assets $101K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $101K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michael L Rovner · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $334K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $131K · Total expenses $334K
39%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 54%
Overhead ratio 46%
Fundraising cost ratio 0%
Revenue growth 75%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 9 grants · $143K · 2022–2024
Love Has No Limits INCCA · FY2024$50,000
Chuck DamatoFY2024$26,800
Hope for Homeless YouthCA · FY2024$5,500
Chuck DamatoFY2023$16,600
Hope for Homeless YouthCA · FY2023$5,500
Bob Harrison InternationalFY2022$6,992

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$415K revenue · viewing · ⤓ 990 PDF
FY2023$237K revenue · ⤓ 990 PDF
FY2022$454K revenue · ⤓ 990 PDF
FY2021$103K revenue · ⤓ 990 PDF
FY2020$48K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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