Thrive New Orleans

Tax-deductible

New Orleans, LA501(c)(3)Human ServicesEIN 26-1824498

Our vision is to see individuals empowered to change their lives, families and community. Our mission is to serve as a catalyst to help lift people out of material and asset poverty and wholistically restore our community.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 15 volunteers and 43 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average surplus $21K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$163K
to officers and key staff · 5% of spending
Top officer’s pay higher than 79% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $35K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.1M
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
+4% vs prior year
Spent
$3.4M
To programs
77%
Net assets
−$5K
By yearFY2020–FY2024
Revenue
$3.0M
FY2024▲ +4%
Revenue by fiscal year
FY2020$1.1M
FY2021$3.0M
FY2022$2.9M
FY2023$2.9M
FY2024$3.0M
Expenses
$3.4M
FY2024▲ +8%
Expenses by fiscal year
FY2020$1.2M
FY2021$1.9M
FY2022$3.3M
FY2023$3.1M
FY2024$3.4M
Net assets
−$5K
FY2024▼ -101%
Net assets by fiscal year
FY2020−$219K
FY2021$910K
FY2022$552K
FY2023$359K
FY2024−$5K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $2.6M Management & general 23% · $774K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990; $163K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$162,558Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Clarence Morse’s $163K as Executive Di is at the 79th percentile of top reported officer pay among 3868 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Clarence Morse$162,558$143,876$140,926$111,695$118,128

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Thrive New Orleans executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers individuals and families to overcome poverty and restore their community.

Provided by the organization

This section is blank until Thrive New Orleans claims this page.

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3 program services account for $2.6M of program spending, described in the organization's own filed words · FY2024.
01

Affordable Housing

Ensuring that low and moderate-income families have access to safe and affordable housing options.

$2.6Mprogram expense
02

Thriveworks green, our worksforce training program, trains bipoc individuals for careers in the smgi industry and connects them to living- wage jobs. Our 8 week paid cohort model provides individuals with technical skills, hands-on training and apprenticeships for long-term sucess in the field.

Pt IX · col B
03

Community Services

Provide financial literacy, job training classes and entrepreneurship training. Provide 185 hours of small business training for underserved urban entrepreneurs through launch nola program. Provide summer internship for 3 participants through leadership development program.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Giving Hope INCFY2025$35K
Total grants receivedfrom 1 funder$35K
Grants paid · 2 grants · $26K · 2022–2022
Grace Catholic ChurchFY2022$15,000
Unitemized GrantFY2022$10,500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Gifts and grantsLn 1h$2.7M
Fees for servicesLn 2g$318K
Other incomeLn 4–11$15K
Money outPt IX
$3.4M
Ln 25
Programscol B$2.6M
Managementcol C$774K
Owns and owesPt X
−$5K
net assets · Ln 32
Cash and savingsLn 1–2$193K
Total assetsLn 16$2.1M
LiabilitiesLn 26$2.1M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Fees for servicesLn 2g$318K
Investment incomeLn 3$7K
Other incomeLn 4–11$15K
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$193K
Cash and savings togetherLn 1–2$193K
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$74K
Total assetsLn 16$2.1M
LiabilitiesLn 26$2.1M
Net assetsLn 32−$5K
OperationsPt I, VI
EmployeesI 543
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$473K$193K
Land, buildings, equipmentLn 10c$1.1M$1.3M
Total assetsLn 16$2.5M$2.1M
LiabilitiesLn 26$2.2M$2.1M
Net assetsLn 32$359K−$5K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.3M$803K$525K
Payroll taxesLn 10$103K$61K$42K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$32K$32K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$115K$114K$1K
Information technologyLn 14$21K$13K$8K
OccupancyLn 16$259K$259K$144
Conferences, conventions and meetingsLn 19$16K$15K$1K
InterestLn 20$75K$49K$27K
Depreciation, depletion and amortizationLn 22$95K$59K$37K
InsuranceLn 23$102K$44K$58K
Other expenses (24a–d)Ln 24$1.2M$1.1M$30K
All other expensesLn 24e$36K$26K$10K
Total functional expensesLn 25$3.4M$2.6M$774K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.0M$3.4M−$337K−$5K 990 PDF
FY2023 $2.9M$3.1M−$194K$359K 990 PDF
FY2022 $2.9M$3.3M−$357K$552K 990 PDF
FY2021 $3.0M$1.9M$1.1M$910K 990 PDF
FY2020 $1.1M$1.2M−$135K−$219K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $3,027,032 across 6 lines filed
VIII-1f All other contributions, gifts and grants$2,686,808
VIII-1h Total contributions, gifts and grants$2,686,808
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $318,135$318,135
VIII-3 Investment incomeExcluded from tax $6,952$6,952
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,137$15,137
VIII-12 Total revenueRelated to mission $333,272 · Excluded from tax $6,952$3,027,032
Part IX · Statement of functional expenses $3,364,299 across 14 lines filed
IX-7 Other salaries and wagesPrograms $802,992 · Management $525,351$1,328,343
IX-10 Payroll taxesPrograms $60,508 · Management $42,078$102,586
IX-11b Legal feesManagement $1,078$1,078
IX-11c Accounting feesManagement $32,400$32,400
IX-12 Advertising and promotionManagement $1,512$1,512
IX-13 Office expensesPrograms $114,418 · Management $1,004$115,422
IX-14 Information technologyPrograms $13,177 · Management $7,677$20,854
IX-16 OccupancyPrograms $258,539 · Management $144$258,683
IX-19 Conferences, conventions and meetingsPrograms $15,308 · Management $1,100$16,408
IX-20 InterestPrograms $48,803 · Management $26,682$75,485
IX-22 Depreciation, depletion and amortizationPrograms $58,504 · Management $36,532$95,036
IX-23 InsurancePrograms $43,884 · Management $57,799$101,683
IX-24 Other expenses (24a–d)Programs $1,148,025 · Management $30,372$1,178,397
IX-24e All other expensesPrograms $26,117 · Management $10,295$36,412
IX-25 Total functional expensesPrograms $2,590,275 · Management $774,024 · Fundraising $0$3,364,299
Part X · Balance sheet $2,116,689 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $472,512$193,132
X-4 Accounts receivableStart of year $820,154$508,224
X-8 Inventories for sale or useStart of year $21,563$12,612
X-10c Land, buildings and equipment, netStart of year $1,118,562$1,328,759
X-15 Other assetsStart of year $44,453$73,962
X-16 Total assetsStart of year $2,529,518$2,116,689
X-17 Accounts payable and accrued expensesStart of year $510,395$362,863
X-25 Other liabilitiesStart of year $50,668$8,250
X-26 Total liabilitiesStart of year $2,171,000$2,121,243
X-27 Net assets without donor restrictionsStart of year $358,518−$449,871
X-28 Net assets with donor restrictions$445,317
X-32 Total net assets or fund balancesStart of year $358,518−$4,554
X-33 Total liabilities and net assetsStart of year $2,529,518$2,116,689
Part XI · Reconciliation of net assets −$4,554 net assets at year end
XI-1 Total revenue$3,027,032
XI-2 Total expenses$3,364,299
XI-3 Revenue less expenses−$337,267
XI-4 Net assets at start of year$358,518
XI-9 Other changes in net assets−$25,805
XI-10 Net assets at end of year−$4,554

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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