philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Team Wethrive INC

Tax-deductible

New York, NY501(c)(3)Recreation & Sports EIN 46-3341254Revenue $352K in FY2023

On file with the IRSteamwethrive.org1460 Broadway, 10036-7329 · New York, NYTax-exempt since May 2014Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Wethrive equips and empowers low-income youth bursting with ideas to rise as entrepreneurial economic leaders and break the cycle of poverty. Wethrive reaches middle school students, giving them an encouraging yes to their dreams of entrepreneurship - along with the toolset to make them real. Wethrive staff members train undergraduate volunteers to become mentors, who guide students through an afterschool curriculum carefully designed to reach those left behind in traditional classrooms. With encouragement and support from their mentors, each student creates their very own company, earning real revenues and donating profits to a charity of their choice. Students gain critical life skills, using learning logs, metacognition, and leadership development exercises to build entrepreneurial habits that last a lifetime. Leveraging the best digital tools, Wethrive is designed to disrupt an industry of entrepreneurial education that has left too many students still in need.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 86 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

FY2023 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $58K a year · 9% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 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
$295K
to officers and key staff · 40% of spending
Top officer’s pay higher than 98% of similar orgs
Concern: pay to officers and key staff is 40% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $135K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$352K
-58% vs prior year
Spent
$746K
To programs
77%
Net assets
$259K
By yearFY2020–FY2023
Revenue
$352K
FY2023▼ -58%
Tap a bar for its year
Revenue by fiscal year
FY2020$418K
FY2021$970K
FY2022$833K
FY2023$352K
Expenses
$746K
FY2023▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$191K
FY2021$543K
FY2022$861K
FY2023$746K
Net assets
$259K
FY2023▼ -60%
Tap a bar for its year
Net assets by fiscal year
FY2020$256K
FY2021$683K
FY2022$655K
FY2023$259K

From the FY2023 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in May 2014.

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% · $576K Management & general 8% · $62K Fundraising 14% · $107K

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

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990; $295K paid to officers and key staff.

Part VII, Section A · reportable compensation
Daquan Oliver
President
$147,502Pt VII · Sec A
Kathryn Danielle Espiritu
Learning Success Director
$87,956Pt VII · Sec A
Ashley Puryear
Alumni Portfolio Program Manager
$59,823Pt VII · Sec A
$0Pt VII · Sec A
Tiffany Thompson
Board Member
$0Pt VII · Sec A

Daquan Oliver’s $148K as President is at the 98th percentile of top reported officer pay among 1017 $100K–1M recreation & sports 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 · 6 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Daquan Oliver$147,502$72,717——
Kathryn Danielle Espiritu$87,956$80,818$53,573—
Daquan Jamein Oliver——$73,576$58,666
Ashley Puryear$59,823$34,296——
Prosie Iana Palad—$37,500——
Natalie Wolf———$21,875

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 Team Wethrive INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 low-income youth to launch companies, gain skills, and become economic leaders.

Questions for Team Wethrive INC

Tap to ask. Team Wethrive INC sees how many people are interested.

Your first name shows with your question. Team Wethrive INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $576K · in their own filed words · FY2023
01

94% of wethrive youth launched a venture. Wethrive students are 99% students of color and 80% low income. 68% remain on wethrive's digital platform after the first year, joining a dynamic community to sustain their long-term academic and career success, including long-term mentorships, high-value networks, and future-ready skills.

$576Kprogram 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 · FY2024
Annie E Casey Foundation INCFY2024$100K
Marin Community FoundationFY2024$35K
Total grants receivedfrom 2 funders$135K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$352K
Ln 12
Gifts and grantsLn 1h$283K
Fees for servicesLn 2g$69K
Money outPt IX
$746K
Ln 25
Programscol B$576K
Managementcol C$62K
Fundraisingcol D$107K
Owns and owesPt X
$259K
net assets · Ln 32
Cash and savingsLn 1–2$14K
Total assetsLn 16$271K
LiabilitiesLn 26$13K
PeoplePt VI, VII
5
listed · VII A
PaidVII A3
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$283K
Fees for servicesLn 2g$69K
Total revenueLn 12$352K
Assets in detailPt X, end of year
CashLn 1$14K
Cash and savings togetherLn 1–2$14K
Other assetsLn 15$7K
Total assetsLn 16$271K
LiabilitiesLn 26$13K
Net assetsLn 32$259K
OperationsPt I, VI
EmployeesI 53
VolunteersI 686
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$469K$14K
Total assetsLn 16$661K$271K
LiabilitiesLn 26$6K$13K
Net assetsLn 32$655K$259K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$300K$234K$27K$39K
Other employee benefitsLn 9$17K$13K$2K$2K
Payroll taxesLn 10$24K$19K$2K$3K
Accounting feesLn 11c$8K$6K$710$2K
Other fees for servicesLn 11g$194K$136K$17K$41K
Advertising and promotionLn 12$2K$2K$213$308
Office expensesLn 13$17K$14K$2K$2K
Information technologyLn 14$48K$48K
OccupancyLn 16$6K$5K$544$786
TravelLn 17$12K$10K$1K$2K
Conferences, conventions and meetingsLn 19$1K$858$99$143
Other expenses (24a–d)Ln 24$113K$88K$10K$15K
All other expensesLn 24e$2K$1K$138$199
Total functional expensesLn 25$746K$576K$62K$107K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $352K$746K−$393K$259K 990 PDF
FY2022 $833K$861K−$28K$655K 990 PDF
FY2021 $970K$543K$427K$683K 990 PDF
FY2020 $418K$191K$227K$256K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $352,365 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $832,683$283,165
I-9 Program service revenuePrior year $0$69,200
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $832,683$352,365
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $295,893$341,119
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $565,085$404,587
I-18 Total expensesPrior year $860,978$745,706
I-19 Revenue less expensesPrior year −$28,295−$393,341
Part VI · Governance 3 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $352,365 across 4 lines filed
VIII-1f All other contributions, gifts and grants$283,165
VIII-1h Total contributions, gifts and grants$283,165
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $69,200$69,200
VIII-12 Total revenueRelated to mission $69,200 · Unrelated business $0 · Excluded from tax $0$352,365
Part IX · Statement of functional expenses $745,706 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $234,000 · Management $27,000 · Fundraising $39,000$300,000
IX-9 Other employee benefitsPrograms $13,033 · Management $1,504 · Fundraising $2,172$16,709
IX-10 Payroll taxesPrograms $19,040 · Management $2,197 · Fundraising $3,173$24,410
IX-11c Accounting feesPrograms $5,802 · Management $710 · Fundraising $1,763$8,275
IX-11g Other fees for servicesPrograms $136,229 · Management $16,678 · Fundraising $41,385$194,292
IX-12 Advertising and promotionPrograms $1,846 · Management $213 · Fundraising $308$2,367
IX-13 Office expensesPrograms $13,603 · Management $1,570 · Fundraising $2,267$17,440
IX-14 Information technologyPrograms $48,206$48,206
IX-16 OccupancyPrograms $4,718 · Management $544 · Fundraising $786$6,048
IX-17 TravelPrograms $9,676 · Management $1,116 · Fundraising $1,613$12,405
IX-19 Conferences, conventions and meetingsPrograms $858 · Management $99 · Fundraising $143$1,100
IX-24 Other expenses (24a–d)Programs $88,079 · Management $10,163 · Fundraising $14,679$112,921
IX-24e All other expensesPrograms $1,196 · Management $138 · Fundraising $199$1,533
IX-25 Total functional expensesPrograms $576,286 · Management $61,932 · Fundraising $107,488$745,706
Part X · Balance sheet $271,370 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $469,491$13,746
X-4 Accounts receivableStart of year $0$250,900
X-15 Other assetsStart of year $191,724$6,724
X-16 Total assetsStart of year $661,215$271,370
X-17 Accounts payable and accrued expensesStart of year $97$3,511
X-25 Other liabilitiesStart of year $6,083$9,055
X-26 Total liabilitiesStart of year $6,180$12,566
X-27 Net assets without donor restrictionsStart of year $655,035$258,804
X-32 Total net assets or fund balancesStart of year $655,035$258,804
X-33 Total liabilities and net assetsStart of year $661,215$271,370
Part XI · Reconciliation of net assets $258,804 net assets at year end
XI-1 Total revenue$352,365
XI-2 Total expenses$745,706
XI-3 Revenue less expenses−$393,341
XI-4 Net assets at start of year$655,035
XI-8 Prior period adjustments−$2,890
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$258,804

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.