Thrive Global Project INC EIN 82-3885977 Form 990 (PDF) Claim this org

Thrive Global Project INC

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Provides disadvantaged students with educational resources to empower them. For fiscal year 2024 it reported $1.2M in revenue, $430K in expenses, and $1.2M in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Charlotte, NC
Website
thriveglobalproject.org
Filings
5 on file (2020–2024)
Revenue
$1.2MFY2024
Expenses
$430K
Net assets
$1.2M
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-3885977 Public foundation / grantmaker Charlotte, NC
Form 990 (PDF)
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Size
$1–10M
What they do
Provides disadvantaged students with educational resources to empower them.
Leadership
Grace Moyd · Executive Director · $75K
Money in and out
$1.2M revenue, $430K expenses
Bottom line
63% program efficiency
Grants paid & assets · FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$430K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $738K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.09 Fundraising $0.27
Program efficiency
63%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
34.8mo
months of highly liquid reserves at operating expense rate▲ +126% vs prior filing year
Surplus margin
+63%
revenue over expenses, this year▲ +819% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.2M
FY2024▲ +187%
Expenses
$430K
FY2024▲ +13%
Total assets
$1.3M
FY2024▲ +153%
Total liabilities
$14K
FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$430K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$738K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThrive Global Project INC
EINHdr · item D82-3885977
Principal addressHdr · item CCharlotte, NC
WebsiteHdr · item Jthriveglobalproject.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFApr 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$75,000Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Grace Moyd’s $75K as Executive Director is at the 14th percentile of top reported officer pay among 1688 $1–10M philanthropy & grantmaking 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
Grace Moyd$75,000$70,000$62,000$51,500$50,000

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.

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Mission & Programs · Part III

Where the work happens

3 program services account for $234K of program spending, described in the organization's own filed words · FY2024.
01

The Lunch Project

A community-driven lunch program in tanzania that provides students a hot lunch, giving them a fuel to thrive in the classroom so that they can, in turn, transform their lives and their communities.

$121Kprogram expense
02

Ready to Thrive

Through the thrive global project local hub, the ready to thrive (RTT) program provides low-income, high-achieving, first-generation college students with scholarships, resources and expert-led programming designed to help students have a more equitable college experience.

$68Kprogram expense
03

Bsvi

Bsvi has been empowering visually impaired students in rwanda to thrive since 2015. Since 2015, bsvi has grown from a school serving seven students to a now thriving community that serves 31 primary-grade students-all of whom live at the school because of the challenge of daily transportation from rural areas-allowing the school to teach…

$45Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$1.1M · 98%
Program service revenue$9K · 1%
Other revenue$8K · 1%
Contributions & grants98%$1.1M
Program service revenue1%$9K
Other revenue1%$8K
Investment income$856
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.09 Fundraising $0.27
Program services63%$273K
Management & general9%$39K
Fundraising27%$118K
Total functional expensesLn 25$430K

Balance Sheet

Part X · end of year
CashLn 1$182K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$14K
Total net assetsLn 32$1.2M
Months of cash on handcomputed5.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $430K
34.8 months
Where the money goes
Program services
Program services $273K · Total expenses $430K
63%
Management & General
Management & general $39K · Total expenses $430K
9%
Fundraising
Fundraising $118K · Total expenses $430K
27%
Cost to raise $1
Fundraising expense (3-yr avg) $112K · Solicited contributions (3-yr avg) $754K
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.1M · Total revenue $1.2M
98%
Government reliance
Government grants $0 · Total revenue $1.2M
0%
Earned-income share
Program service revenue $9K · Total revenue $1.2M
0.8%
Investment reliance
Investment income $856 · Total revenue $1.2M
+0.07%
Program self-sufficiency
Program service revenue $9K · Total expenses $430K
2%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $407K
+187%
Revenue CAGR
FY2020 $334K · FY2024 $1.2M
+37%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $430K
+63%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
Net-asset ratio
Net assets $1.2M · Total assets $1.3M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.3M
85%
People & payroll
Highest Reported Total Compensation
Individual Grace Moyd · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $75K · Total expenses $430K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $148K · Total expenses $430K
34%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 9%
Fundraising cost ratio 10%
Revenue growth 187%
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 · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 13 grants · $620K · 2020–2024
Foundation for TomorrowNC · FY2024$44,122
Unitemized GrantFY2024$36,000
Foundation for TomorrowNC · FY2023$121,069
Unitemized GrantFY2023$13,040
Give to Learn to GrowFY2022$201,469
The Foundation for TomorrowFY2022$84,275
Unitemized GrantFY2022$48,282
Unitemized GrantFY2021$18,900
The Foundation for TomorrowFY2021$7,632
Give to Learn to GrowFY2021$5,925
Parentchild Plus INCNY · FY2020$15,000

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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$407K revenue · ⤓ 990 PDF
FY2022$762K revenue · ⤓ 990 PDF
FY2021$297K revenue · ⤓ 990 PDF
FY2020$334K 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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