Thrive Center INC FY2020 filing

Tax-deductible

Louisville, KY501(c)(3)Human ServicesEIN 81-3636925

Spotlight innovation, promote healthy aging, and enhance the quality of life for those aged 50+.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$90K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
3 of 5
filings with a surplus
Average surplus $22K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$90K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$120K
421% of total assets
Concern: liabilities are 421% of assets; over 80%.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$441K
Spent
$374K
To programs
80%
Net assets
−$91K
By yearFY2020–FY2024
Revenue
$441K
FY2020
Revenue by fiscal year
FY2020$441K
FY2021$223K
FY2022$342K
FY2023$192K
FY2024$400K
Expenses
$374K
FY2020
Expenses by fiscal year
FY2020$374K
FY2021$291K
FY2022$312K
FY2023$305K
FY2024$206K
Net assets
−$91K
FY2020
Net assets by fiscal year
FY2020−$91K
FY2021−$160K
FY2022−$130K
FY2023−$242K
FY2024−$48K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2018.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $300K Management & general 16% · $61K Fundraising 4% · $13K

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

Who runs it and what they're paid

19 people listed on the 990; $90K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$90,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Sheri Rose’s $67K as Executive Director is at the 58th percentile of top reported officer pay among 2168 $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

NameFY2024FY2023FY2022FY2021FY2020
Sheri Rose$67,350$75,000$90,000$90,000$90,000

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.

See Thrive Center INC 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

Promotes healthy aging and enhances quality of life for people over 50.

Provided by the organization

This section is blank until Thrive Center INC claims this page.

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1 program service account for $300K of program spending, described in the organization's own filed words · FY2020.
01

The thrive center was developed to spotlight innovation and promote healthy aging for those aged 50+ through the use of technology and education. The thrive center focuses on innovative products, dynamic programming for elders, and clinical assessment tools using cutting-edge innovation and technology.

$300Kprogram expense

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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 · funders on record
Grants received · FY2024
AARPFY2024$15K
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$441K
Ln 12
Gifts and grantsLn 1h$441K
Money outPt IX
$374K
Ln 25
Programscol B$300K
Managementcol C$61K
Fundraisingcol D$13K
Owns and owesPt X
−$91K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$28K
LiabilitiesLn 26$120K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$441K
Government grantsLn 1e$40K
Total revenueLn 12$441K
Assets in detailPt X, end of year
CashLn 1$20K
Cash and savings togetherLn 1–2$20K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$28K
LiabilitiesLn 26$120K
Net assetsLn 32−$91K
OperationsPt I, VI
EmployeesI 54
VolunteersI 617
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 FY20End FY20
Cash and savingsLn 1–2$7K$20K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$18K$28K
LiabilitiesLn 26$175K$120K
Net assetsLn 32−$158K−$91K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$90K$68K$18K$4K
Other salaries and wagesLn 7$90K$67K$18K$4K
Payroll taxesLn 10$11K$8K$2K$563
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$7K$5K$1K$362
Office expensesLn 13$2K$2K$413$103
OccupancyLn 16$51K$38K$10K$3K
TravelLn 17$7K$6K$1K$371
Conferences, conventions and meetingsLn 19$444$333$89$22
InsuranceLn 23$5K$4K$974$243
Other expenses (24a–d)Ln 24$102K$102K
Total functional expensesLn 25$374K$300K$61K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $400K$206K$194K−$48K 990 PDF
FY2023 $192K$305K−$112K−$242K 990 PDF
FY2022 $342K$312K$30K−$130K 990 PDF
FY2021 $223K$291K−$68K−$160K 990 PDF
FY2020 Viewing $441K$374K$67K−$91K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $440,581 across 4 lines filed
VIII-1e Government grants$40,242
VIII-1f All other contributions, gifts and grants$400,339
VIII-1h Total contributions, gifts and grants$440,581
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$440,581
Part IX · Statement of functional expenses $374,070 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $67,500 · Management $18,000 · Fundraising $4,500$90,000
IX-7 Other salaries and wagesPrograms $67,140 · Management $17,904 · Fundraising $4,476$89,520
IX-10 Payroll taxesPrograms $8,449 · Management $2,253 · Fundraising $563$11,265
IX-11b Legal feesManagement $1,630$1,630
IX-11c Accounting feesManagement $6,792$6,792
IX-12 Advertising and promotionPrograms $5,437 · Management $1,450 · Fundraising $362$7,249
IX-13 Office expensesPrograms $1,547 · Management $413 · Fundraising $103$2,063
IX-16 OccupancyPrograms $38,373 · Management $10,234 · Fundraising $2,558$51,165
IX-17 TravelPrograms $5,563 · Management $1,484 · Fundraising $371$7,418
IX-19 Conferences, conventions and meetingsPrograms $333 · Management $89 · Fundraising $22$444
IX-23 InsurancePrograms $3,652 · Management $974 · Fundraising $243$4,869
IX-24 Other expenses (24a–d)Programs $101,655$101,655
IX-25 Total functional expensesPrograms $299,649 · Management $61,223 · Fundraising $13,198$374,070
Part X · Balance sheet $28,454 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $7,045$19,851
X-3 Pledges and grants receivable$2,562
X-9 Prepaid expenses and deferred chargesStart of year $10,507$6,041
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $17,552$28,454
X-17 Accounts payable and accrued expensesStart of year $42,441$35,449
X-19 Deferred revenueStart of year $72,498$15,000
X-25 Other liabilitiesStart of year $60,359$69,240
X-26 Total liabilitiesStart of year $175,298$119,689
X-27 Net assets without donor restrictionsStart of year −$157,746−$91,235
X-32 Total net assets or fund balancesStart of year −$157,746−$91,235
X-33 Total liabilities and net assetsStart of year $17,552$28,454
Part XI · Reconciliation of net assets −$91,235 net assets at year end
XI-1 Total revenue$440,581
XI-2 Total expenses$374,070
XI-3 Revenue less expenses$66,511
XI-4 Net assets at start of year−$157,746
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$91,235

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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