Our mission is to innovate, adapt and expand the concept of a 21st century school by leveraging technology and collaboration to provide a highly individualized education.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 5 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $126K a year · 15% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$372K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+45% vs prior year
Spent
$1.3M
To programs
90%
Net assets
$862K
By yearFY2020–FY2025
Revenue
$1.4M
FY2025▲ +45%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$607K
FY2022$86K
FY2023$543K
FY2024$952K
FY2025$1.4M
Expenses
$1.3M
FY2025▲ +43%
Tap a bar for its year
Expenses by fiscal year
FY2020$974K
FY2021$338K
FY2022$314K
FY2023$554K
FY2024$888K
FY2025$1.3M
Net assets
$862K
FY2025▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$739K
FY2021$770K
FY2022$542K
FY2023$703K
FY2024$767K
FY2025$862K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2014.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $1.1M Management & general 10% · $122K

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

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Who runs it and what they're paid

8 people listed on the 990; $372K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Ceopresident
$154,177Pt VII · Sec A
$110,514Pt VII · Sec A
$107,136Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A

Nicole Assisi’s $154K as Ceopresident is at the 66th percentile of top reported officer pay among 3395 $1–10M education 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 · 3 named individuals · Part VII

NameFY2025FY2020
Nicole Assisi$154,177$130,000
Courtney Ochi$110,514—
Shelli K Kurth$107,136$83,854

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 Public Schools 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 15aYes

Programs and updates

Innovates and expands 21st-century schooling through technology and collaboration for individualized education.

Questions for Thrive Public Schools

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2024
01

Thrive is an educational nonprofit organization that operated schools in the past, and now provides consulting and strategic support to schools, youth programs, and community serving nonprofits to help them better educate and serve children, families and communities.

$1.1Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2019
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$987K
Gifts and grantsLn 1h$390K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.1M
Managementcol C$122K
Owns and owesPt X
$862K
net assets · Ln 32
Cash and savingsLn 1–2$830K
Total assetsLn 16$864K
LiabilitiesLn 26$3K
PeoplePt VI, VII
8
listed · VII A
PaidVII A3
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$390K
Government grantsLn 1e$185K
Fees for servicesLn 2g$987K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$563K
SavingsLn 2$268K
Cash and savings togetherLn 1–2$830K
Total assetsLn 16$864K
LiabilitiesLn 26$3K
Net assetsLn 32$862K
OperationsPt I, VI
EmployeesI 53
VolunteersI 65
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$754K$830K
Total assetsLn 16$756K$864K
LiabilitiesLn 26$3K$3K
Net assetsLn 32$753K$862K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$633K$633K
Other employee benefitsLn 9$21K$21K
Management feesLn 11a$16K$16K
Office expensesLn 13$5K$5K
Information technologyLn 14$9K$9K
OccupancyLn 16$6K$6K
TravelLn 17$46K$25K$21K
Conferences, conventions and meetingsLn 19$4K$4K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$525K$445K$80K
Total functional expensesLn 25$1.3M$1.1M$122K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.4M$1.3M$108K$862K 990 PDF
FY2024 $952K$888K$65K$767K 990 PDF
FY2023 $543K$554K−$11K$703K 990 PDF
FY2022 $86K$314K−$228K$542K 990 PDF
FY2021 $607K$338K$269K$770K 990 PDF
FY2020 $1.5M$974K$554K$739K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,377,495 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $64,738$390,089
I-9 Program service revenuePrior year $881,387$987,406
I-10 Investment incomePrior year $6,157$0
I-11 Other revenue$0
I-12 Total revenuePrior year $952,282$1,377,495
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $606,065$654,011
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $281,508$615,356
I-18 Total expensesPrior year $887,573$1,269,367
I-19 Revenue less expensesPrior year $64,709$108,128
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,377,495 across 6 lines filed
VIII-1e Government grants$185,089
VIII-1f All other contributions, gifts and grants$205,000
VIII-1h Total contributions, gifts and grants$390,089
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $987,406$987,406
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $987,406 · Unrelated business $0 · Excluded from tax $0$1,377,495
Part IX · Statement of functional expenses $1,269,367 across 10 lines filed
IX-7 Other salaries and wagesPrograms $633,360$633,360
IX-9 Other employee benefitsPrograms $20,651$20,651
IX-11a Management feesManagement $16,497$16,497
IX-13 Office expensesManagement $4,525$4,525
IX-14 Information technologyPrograms $8,603$8,603
IX-16 OccupancyPrograms $6,392$6,392
IX-17 TravelPrograms $25,116 · Management $21,036$46,152
IX-19 Conferences, conventions and meetingsPrograms $3,808$3,808
IX-23 InsurancePrograms $4,327$4,327
IX-24 Other expenses (24a–d)Programs $445,218 · Management $79,834$525,052
IX-25 Total functional expensesPrograms $1,147,475 · Management $121,892 · Fundraising $0$1,269,367
Part X · Balance sheet $864,466 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $498,160$562,555
X-2 Savings and temporary cash investmentsStart of year $256,157$267,856
X-4 Accounts receivableStart of year $1,712$34,055
X-16 Total assetsStart of year $756,029$864,466
X-17 Accounts payable and accrued expensesStart of year $2,619$2,928
X-26 Total liabilitiesStart of year $2,619$2,928
X-27 Net assets without donor restrictionsStart of year $753,410$861,538
X-32 Total net assets or fund balancesStart of year $753,410$861,538
X-33 Total liabilities and net assetsStart of year $756,029$864,466
Part XI · Reconciliation of net assets $861,538 net assets at year end
XI-1 Total revenue$1,377,495
XI-2 Total expenses$1,269,367
XI-3 Revenue less expenses$108,128
XI-4 Net assets at start of year$753,410
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$861,538

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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