Lets Thrive Baltimore INC EIN 81-4554599

Lets Thrive Baltimore INC

EIN  81-4554599 Public charity (501(c)(3)) Owings Mills, MD
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Size
$1–10M
What they do
Supports families impacted by violence, improving their well-being and community awareness.
Leadership
Lisa Molock · Executive Director · $110K
Money in and out
$1.2M revenue, $784K expenses
Bottom line
75% program efficiency

Supports families impacted by violence, improving their well-being and community awareness. For fiscal year 2024 it reported $1.2M in revenue, $784K in expenses, and $621K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$784K
Pt IX · Ln 25
Net assets
$621K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $424K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.20 Fundraising $0.05
Program efficiency
75%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
2.4mo
months of highly liquid reserves at operating expense rate▼ -70% vs prior filing year
Surplus margin
+35%
revenue over expenses, this year▲ +79% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.2M
FY2024▲ +159%
Expenses
$784K
FY2024▲ +109%
Total assets
$741K
FY2024▲ +127%
Total liabilities
$120K
FY2024▼ -6%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$784K
Pt IX · Ln 25
Net assets
$621K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$424K
Total assetsPt X · Ln 16$741K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $586K of program spending, described in the organization's own filed words · FY2024.
01

Lets Thrive Baltimore runs projects including mentoring, job programs and support groups for our youth; financial literacy, career consult- ing and therapeutic programs for families; housing, rental, and cash assistance for survivors of violence; and cleaning and greening projects in the city.

$586Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLets Thrive Baltimore INC
EINHdr · item D81-4554599
Principal addressHdr · item COwings Mills, MD
WebsiteHdr · item Jletsthrivebaltimore.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFMar 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$109,787Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Lisa Molock’s $110K as Executive Director is at the 44th percentile of top reported officer pay among 3864 $1–10M 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022
Lisa Molock$109,787$114,570$100,554
Zion Samuels$5,270
Sanaai Bridgeford$4,745
James Martin$2,393
Devin Jones$2,247
Quintell Reese$800
Donnasia Burgess$450
Jazmin Jones$440

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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Statement of Revenue

Part VIII
Contributions & grants$1.2M · 99%
Program service revenue$11K · 1%
Contributions & grants99%$1.2M
Program service revenue1%$11K
Investment income$4
Other revenue$2K
— government grantsLn 1e$156K
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.20 Fundraising $0.05
Program services75%$586K
Management & general20%$157K
Fundraising5%$40K
Total functional expensesLn 25$784K

Balance Sheet

Part X · end of year
CashLn 1$157K
Total assetsLn 16$741K
Total liabilitiesLn 26$120K
Total net assetsLn 32$621K
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $157K · Operating expenses/yr $784K
2.4 months
Where the money goes
Program services
Program services $586K · Total expenses $784K
75%
Management & General
Management & general $157K · Total expenses $784K
20%
Fundraising
Fundraising $40K · Total expenses $784K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $21K · Solicited contributions (3-yr avg) $561K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $1.2M
99%
Government reliance
Government grants $156K · Total revenue $1.2M
13%
Earned-income share
Program service revenue $11K · Total revenue $1.2M
1%
Investment reliance
Investment income $4 · Total revenue $1.2M
0%
Program self-sufficiency
Program service revenue $11K · Total expenses $784K
1%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $466K
+159%
Revenue CAGR
FY2019 $72K · FY2024 $1.2M
+76%
Net-asset trend (YoY)
End of year $621K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $784K
+35%
Liabilities-to-Assets
Total liabilities — · Total assets $741K
Net-asset ratio
Net assets $621K · Total assets $741K
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $741K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lisa Molock · Reported title Executive Director · Highest reported compensation $110K · Total expenses $784K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $177K · Total expenses $784K
23%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 20%
Fundraising cost ratio 3%
Revenue growth 159%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 8 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.2M revenue · viewing · ⤓ 990 PDF
FY2023$466K revenue · ⤓ 990 PDF
FY2022$400K revenue · ⤓ 990 PDF
FY2021$169K revenue · ⤓ 990 PDF
FY2020$144K revenue · ⤓ 990 PDF
FY2019$72K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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