Thrive Memphis EIN 26-2223237

Thrive Memphis

EIN  26-2223237 Public charity (501(c)(3)) Memphis, TN Founded 2008
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Enriches lives by meeting social, recreational, and educational needs of the developmentally challenged.
Leadership
Jo Anne Fusco · Executive Director · $88K
Money in and out
$445K revenue, $526K expenses
Bottom line
71% program efficiency

Enriches lives by meeting social, recreational, and educational needs of the developmentally challenged. For fiscal year 2025 it reported $445K in revenue, $526K in expenses, and $263K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$445K
Pt VIII · Ln 12
Total expenses
$526K
Pt IX · Ln 25
Net assets
$263K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$81K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.13 Fundraising $0.16
Program efficiency
71%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
5.9mo
months of highly liquid reserves at operating expense rate▼ -30% vs prior filing year
Surplus margin
-18%
revenue over expenses, this year▲ +7% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$445K
FY2025▲ +6%
Expenses
$526K
FY2025▲ +5%
Total assets
$301K
FY2025▼ -24%
Total liabilities
$38K
FY2025▼ -29%
Total revenue
$445K
Pt VIII · Ln 12
Total expenses
$526K
Pt IX · Ln 25
Net assets
$263K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$81K
Total assetsPt X · Ln 16$301K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $374K of program spending, described in the organization's own filed words · FY2025.
01

Social and recreational activities provided include after-school programming, weekend events, summer camp and day programs.

$374Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThrive Memphis
EINHdr · item D26-2223237
Principal addressHdr · item CMemphis, TN
WebsiteHdr · item Jthrivemem.org
Year of formationHdr · item L2008
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P71)
Ruling yearIRS BMFDec 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$88,358Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Jo Anne Fusco’s $88K as Executive Director is at the 79th percentile of top reported officer pay among 2164 $100K–1M 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

NameFY2025FY2023FY2022FY2021FY2020
Jo Anne Fusco$88,358$88,791$87,489$86,277$80,000

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.

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Statement of Revenue

Part VIII
Program service revenue$281K · 63%
Contributions & grants$120K · 27%
Other revenue$43K · 10%
Program service revenue63%$281K
Contributions & grants27%$120K
Other revenue10%$43K
Investment income$260
Total revenueLn 12$445K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.13 Fundraising $0.16
Program services71%$374K
Management & general13%$70K
Fundraising16%$82K
Total functional expensesLn 25$526K

Balance Sheet

Part X · end of year
CashLn 1$258K
Total assetsLn 16$301K
Total liabilitiesLn 26$38K
Total net assetsLn 32$263K
Months of cash on handcomputed5.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $258K · Operating expenses/yr $526K
5.9 months
Where the money goes
Program services
Program services $374K · Total expenses $526K
71%
Management & General
Management & general $70K · Total expenses $526K
13%
Fundraising
Fundraising $82K · Total expenses $526K
16%
Cost to raise $1
Fundraising expense (3-yr avg) $52K · Solicited contributions (3-yr avg) $147K
$0.35 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $120K · Total revenue $445K
27%
Government reliance
Government grants — · Total revenue $445K
Earned-income share
Program service revenue $281K · Total revenue $445K
63%
Investment reliance
Investment income $260 · Total revenue $445K
0%
Program self-sufficiency
Program service revenue $281K · Total expenses $526K
53%
Growth & trend
Revenue growth (YoY)
This year $445K · Prior year $420K
+6%
Revenue CAGR
FY2020 $360K · FY2025 $445K
+4%
Net-asset trend (YoY)
End of year $263K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $445K · Expenses $526K
-18%
Liabilities-to-Assets
Total liabilities — · Total assets $301K
Net-asset ratio
Net assets $263K · Total assets $301K
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $301K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jo Anne Fusco · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $88K · Total expenses $526K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $378K · Total expenses $526K
72%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 13%
Fundraising cost ratio 68%
Revenue growth 6%

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 · funders on record
Grants received · FY2024
See all 7 funders →

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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
FY2025 (Latest)$445K revenue · viewing · ⤓ 990 PDF
FY2024$420K revenue · ⤓ 990 PDF
FY2023$547K revenue · ⤓ 990 PDF
FY2022$462K revenue · ⤓ 990 PDF
FY2021$500K revenue · ⤓ 990 PDF
FY2020$360K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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