Thrive INC EIN 36-3501185

Thrive INC FY2021 filing

EIN  36-3501185 Public charity (501(c)(3)) Bozeman, MT
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 9/13/26 · see original filing: IRS
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Size
$1–10M
What they do
Empowers children to grow, succeed, and become valuable community members.
Leadership
Carrie Gilbertson · Executive Director · $83K
Money in and out
$4.5M revenue, $1.6M expenses
Bottom line
64% program efficiency

Empowers children to grow, succeed, and become valuable community members. For fiscal year 2021 it reported $4.5M in revenue, $1.6M in expenses, and $5.4M in net assets.Pt I

Where the money goes · FY2021
Total revenue
$4.5M
Pt VIII · Ln 12
Total expenses
$1.6M
Pt IX · Ln 25
Net assets
$5.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.9M
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.12 Fundraising $0.24
Program efficiency
64%
of spending reaches programs
Operating runway
17.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+65%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$4.5M
FY2021▲ +87%
Expenses
$1.6M
FY2021▼ -3%
Total assets
$5.5M
FY2021▲ +122%
Total liabilities
$114K
FY2021▲ +56%
Total revenue
$4.5M
Pt VIII · Ln 12
Total expenses
$1.6M
Pt IX · Ln 25
Net assets
$5.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.9M
Total assetsPt X · Ln 16$5.5M
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

3 program services account for $1.0M of program spending, described in the organization's own filed words · FY2021.
01

School Based Services

The child advancement project ("cap"), established in 1989, matches nurturing community volunteer mentors who provide support and encouragement to children grades k-12. These cap mentors work one-on-one with children to increase academic and social competency and to enhance opportunities for academic challenge.

$483Kprogram expense
02

Parent Programs

Thrive's parent place program, established in 1997, provides education, information, support, and resources to all parents to support healthy child growth and development and help local families thrive.

$474Kprogram expense
03

Girls for a Change

Girls for a change, established in 1998, inspires girls to create change in themselves, each other, and the world around the. This program offers opportunities for girls grades 8-12 to empower themselves to embrace their future and feel confident in their ability to create and contribute to the world they want.

$48Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThrive INC
EINHdr · item D36-3501185
Principal addressHdr · item CBozeman, MT
WebsiteHdr · item Jwww.allthrive.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
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
$83,272Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Virginia Hanson$105,612
Carrie Gilbertson$82,174$90,551
Carrie Gilbertson$83,272$82,520

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
Contributions & grants$4.4M · 98%
Other revenue$74K · 2%
Investment income$25K · 1%
Contributions & grants98%$4.4M
Other revenue2%$74K
Investment income1%$25K
Program service revenue$13K
— government grantsLn 1e$340K
Total revenueLn 12$4.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.12 Fundraising $0.24
Program services64%$1.0M
Management & general12%$190K
Fundraising24%$376K
Total functional expensesLn 25$1.6M

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$5.5M
Total liabilitiesLn 26$114K
Total net assetsLn 32$5.4M
Months of cash on handcomputed9.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.2M · Operating expenses (Pt IX) $1.6M · Less non-cash grants $26K · Cash operating expenses/yr $1.5M
17.3 months
Where the money goes
Program services
Program services $1.0M · Total expenses $1.6M
64%
Management & General
Management & general $190K · Total expenses $1.6M
12%
Fundraising
Fundraising $376K · Total expenses $1.6M
24%
Cost to raise $1
Fundraising expense (2-yr avg) $372K · Solicited contributions (2-yr avg) $3.0M
$0.12 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.4M · Total revenue $4.5M
98%
Government reliance
Government grants $340K · Total revenue $4.5M
8%
Earned-income share
Program service revenue $13K · Total revenue $4.5M
0.3%
Investment reliance
Investment income $25K · Total revenue $4.5M
+0.6%
Program self-sufficiency
Program service revenue $13K · Total expenses $1.6M
0.8%
Growth & trend
Revenue growth (YoY)
This year $4.5M · Prior year $2.4M
+87%
Net-asset trend (YoY)
End of year $5.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.5M · Expenses $1.6M
+65%
Liabilities-to-Assets
Total liabilities — · Total assets $5.5M
Net-asset ratio
Net assets $5.4M · Total assets $5.5M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $982K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.5M
18%
People & payroll
Highest Reported Total Compensation
Individual Carrie Gilbertson · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $83K · Total expenses $1.6M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.2M · Total expenses $1.6M
79%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 64%
Overhead ratio 12%
Fundraising cost ratio 9%
Revenue growth 87%
Investment management fee ratio 0.2%
Accounting fee ratio 0.7%

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 · FY2025
Total grants receivedfrom 1 funder$160K

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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)$1.8M revenue · ⤓ 990 PDF
FY2023$1.7M revenue · ⤓ 990 PDF
FY2022$1.7M revenue · ⤓ 990 PDF
FY2021$4.5M revenue · viewing · ⤓ 990 PDF
FY2020$2.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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