Thrive Center INC FY2021 filing

Tax-deductible

Louisville, KY501(c)(3)Human ServicesEIN 81-3636925Revenue $223K in FY2021

On file with the IRSthrivecenterky.org1415 Bardstown Rd Apt 4, 40204-2263 · Louisville, KYTax-exempt since Feb 2018Publicly supported charity — 170(b)(1)(A)(vi)

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

501(c)(3) charity; gifts are tax-deductible.
73¢ 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

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FY2021 · 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
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$90K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 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
$285K
227% of total assets
Concern: liabilities are 227% of assets; over 80%.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$223K
-49% vs prior year
Spent
$291K
To programs
73%
Net assets
−$160K
By yearFY2020–FY2024
Revenue
$223K
FY2021▼ -49%
Tap a bar for its year
Revenue by fiscal year
FY2020$441K
FY2021$223K
FY2022$342K
FY2023$192K
FY2024$400K
Expenses
$291K
FY2021▼ -22%
Tap a bar for its year
Expenses by fiscal year
FY2020$374K
FY2021$291K
FY2022$312K
FY2023$305K
FY2024$206K
Net assets
−$160K
FY2021▼ -75%
Tap a bar for its year
Net assets by fiscal year
FY2020−$91K
FY2021−$160K
FY2022−$130K
FY2023−$242K
FY2024−$48K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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

73 cents of each dollar spent went to programs.

Program services 73% · $213K Management & general 22% · $64K Fundraising 5% · $14K

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

17 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
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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

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1 program · $213K · in their own filed words · FY2021
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.

$213Kprogram 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
AARPFY2024$15K
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$223K
Ln 12
Gifts and grantsLn 1h$223K
Money outPt IX
$291K
Ln 25
Programscol B$213K
Managementcol C$64K
Fundraisingcol D$14K
Owns and owesPt X
−$160K
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$126K
LiabilitiesLn 26$285K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$223K
Government grantsLn 1e$30K
Total revenueLn 12$223K
Assets in detailPt X, end of year
CashLn 1$17K
Cash and savings togetherLn 1–2$17K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$126K
LiabilitiesLn 26$285K
Net assetsLn 32−$160K
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 FY21End FY21
Cash and savingsLn 1–2$20K$17K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$28K$126K
LiabilitiesLn 26$120K$285K
Net assetsLn 32−$91K−$160K
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$70K$53K$14K$4K
Payroll taxesLn 10$11K$8K$2K$566
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$4K$3K$890$222
Office expensesLn 13$4K$3K$826$207
OccupancyLn 16$88K$66K$18K$4K
TravelLn 17$5K$4K$1K$267
Conferences, conventions and meetingsLn 19$615$461$123$31
InsuranceLn 23$6K$4K$1K$299
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$291K$213K$64K$14K

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 Viewing $223K$291K−$68K−$160K 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $222,911 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $440,581$222,911
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $440,581$222,911
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 $190,785$171,640
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $183,285$119,545
I-18 Total expensesPrior year $374,070$291,185
I-19 Revenue less expensesPrior year $66,511−$68,274
Part VI · Governance 17 of 17 board members independent, 4 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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 $222,911 across 4 lines filed
VIII-1e Government grants$30,375
VIII-1f All other contributions, gifts and grants$192,536
VIII-1h Total contributions, gifts and grants$222,911
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$222,911
Part IX · Statement of functional expenses $291,185 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 $52,734 · Management $14,062 · Fundraising $3,516$70,312
IX-10 Payroll taxesPrograms $8,496 · Management $2,266 · Fundraising $566$11,328
IX-11b Legal feesManagement $1,487$1,487
IX-11c Accounting feesManagement $6,850$6,850
IX-12 Advertising and promotionPrograms $3,336 · Management $890 · Fundraising $222$4,448
IX-13 Office expensesPrograms $3,098 · Management $826 · Fundraising $207$4,131
IX-16 OccupancyPrograms $66,165 · Management $17,644 · Fundraising $4,411$88,220
IX-17 TravelPrograms $4,004 · Management $1,068 · Fundraising $267$5,339
IX-19 Conferences, conventions and meetingsPrograms $461 · Management $123 · Fundraising $31$615
IX-23 InsurancePrograms $4,491 · Management $1,198 · Fundraising $299$5,988
IX-24 Other expenses (24a–d)Programs $2,467$2,467
IX-25 Total functional expensesPrograms $212,752 · Management $64,414 · Fundraising $14,019$291,185
Part X · Balance sheet $125,541 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $19,851$16,990
X-3 Pledges and grants receivableStart of year $2,562$95,000
X-9 Prepaid expenses and deferred chargesStart of year $6,041$13,551
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $28,454$125,541
X-17 Accounts payable and accrued expensesStart of year $35,449$32,288
X-19 Deferred revenueStart of year $15,000$130,000
X-25 Other liabilitiesStart of year $69,240$122,762
X-26 Total liabilitiesStart of year $119,689$285,050
X-27 Net assets without donor restrictionsStart of year −$91,235−$159,509
X-32 Total net assets or fund balancesStart of year −$91,235−$159,509
X-33 Total liabilities and net assetsStart of year $28,454$125,541
Part XI · Reconciliation of net assets −$159,509 net assets at year end
XI-1 Total revenue$222,911
XI-2 Total expenses$291,185
XI-3 Revenue less expenses−$68,274
XI-4 Net assets at start of year−$91,235
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$159,509

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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