Sioux Falls Thrive INC FY2021 filing

Not tax-deductible

Sioux Falls, SD501(c)(4)Since 2017Human ServicesEIN 81-4491870

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Sioux Falls Thrive was originally created as the community cradle-to-career workforce development initiative in 2017 by a group of local leaders. Thrive is identified as a proven collaborator in finding sustainable solutions that ensure Sioux Falls children succeed. As a volunteer-based organization, Thrive harnesses the power of Collective Impact by bringing existing community resources together to work collaboratively. Thrive facilitates the work of collaborative teams and encourages these community leaders to think innovatively to solve the issues that they are so passionate about.

95¢ of each $1 spent went to programs.
$163K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 4
filings with a surplus
Average surplus $12K a year · 2% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$163K
to officers and key staff · 46% of spending
Concern: pay to officers and key staff is 46% of spending; over 30%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $475K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$12K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$392K
Spent
$357K
To programs
95%
Net assets
$134K
By yearFY2021–FY2024
Revenue
$392K
FY2021
Revenue by fiscal year
FY2021$392K
FY2022$307K
FY2023$522K
FY2024$710K
FY2024$475K
Expenses
$357K
FY2021
Expenses by fiscal year
FY2021$357K
FY2022$344K
FY2023$498K
FY2024$686K
FY2024$828K
Net assets
$134K
FY2021
Net assets by fiscal year
FY2021$134K
FY2022$329K
FY2023$353K
FY2024$378K
FY2024$0

From the FY2021 Form 990 (year ending September 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2017.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $339K Management & general 8% · $29K Fundraising 1% · $2K

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

24 people listed on the 990; $163K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$81,503Pt VII · Sec A
$81,503Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Michelle Erpenbach’s $110K as Executive Director is at the 90th 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

NameFY2024FY2023FY2022FY2021
Michelle Erpenbach$109,851$104,790$101,465$81,503

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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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

Unites community leaders to remove barriers and create opportunities for children's success.

Provided by the organization

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4 program services account for $608K of program spending, described in the organization's own filed words · FY2020.
01

Kid Link Riverside (KLR) -- Launched in Jan 2020 as a demonstration initiative to engage community members in realigning government, nonprofit, fatih-based, & social services to better support students & families in underserved neighborhoods in the Laura B. Anderson Elementary School attendance area.

$194Kprogram expense
02

Kid Link Riverside (KLR) -- Launched in Jan 2020 as a demonstration initiative to engage community members in realigning government, nonprofit, fatih-based, & social services to better support students & families in underserved neighborhoods in the Laura B. Anderson Elementary School attendance area.

$193Kprogram expense
03

Action Teams -- Thrive provided technical support & facilitation to three action teams: Housing, Out-of-School Time, & Food Security and to several task teams and to two collaboratives working on smaller, less systemic community issues.

$110Kprogram expense
04

Action Teams -- Thrive provided technical support & facilitation to three action teams: Housing, Out-of-School Time, & Food Security and to several task teams and to two collaboratives working on smaller, less systemic community issues.

$110Kprogram 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
Total grants receivedfrom 2 funders$475K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$392K
Ln 12
Gifts and grantsLn 1h$392K
Money outPt IX
$357K
Ln 25
Programscol B$339K
Managementcol C$29K
Fundraisingcol D$2K
Owns and owesPt X
$134K
net assets · Ln 32
Cash and savingsLn 1–2$90K
Total assetsLn 16$146K
LiabilitiesLn 26$12K
PeoplePt VI, VII
24
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$392K
Government grantsLn 1e$84K
Total revenueLn 12$392K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$90K
Total assetsLn 16$146K
LiabilitiesLn 26$12K
Net assetsLn 32$134K
OperationsPt I, VI
EmployeesI 55
VolunteersI 650
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $710K$686K$24K$378K 990 PDF
FY2023 $522K$498K$24K$353K 990 PDF
FY2022 $307K$344K−$37K$329K 990 PDF
FY2021 Viewing $392K$357K$35K$134K 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

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

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