Thrive Global Project INC FY2021 filing

Tax-deductible

Charlotte, NC501(c)(3)Foundations & GrantmakersEIN 82-3885977

Thrive global project provides disadvantaged students with educational resources to empower them in the classroom (including the virtual classroom). We believe that families are the backbone of communities and that education is the core that strengthens families, builds communities and impacts lives for the better.thrive global project believe in equitable access to quality education for all students, regardless of race, gender, income or social status. Thrive global project is steadfast in our mission to remove barriers to achieve quality education experiences, economic mobility, increased social capital and racial equity by providing the tools and support that might otherwise keep a student from engaging in school and falling further behind.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$52K 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

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
5 of 5
filings with a surplus
Average surplus $224K a year · 38% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$52K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 17.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $700K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$297K
-11% vs prior year
Spent
$205K
To programs
62%
Net assets
$317K
By yearFY2020–FY2024
Revenue
$297K
FY2021▼ -11%
Revenue by fiscal year
FY2020$334K
FY2021$297K
FY2022$762K
FY2023$407K
FY2024$1.2M
Expenses
$205K
FY2021▼ -6%
Expenses by fiscal year
FY2020$217K
FY2021$205K
FY2022$616K
FY2023$379K
FY2024$430K
Net assets
$317K
FY2021▲ +41%
Net assets by fiscal year
FY2020$225K
FY2021$317K
FY2022$461K
FY2023$494K
FY2024$1.2M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CThrive Global Project INC
EINHdr · item D82-3885977
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2018
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CCharlotte, NC
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
WebsiteHdr · item Jthriveglobalproject.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.13 Fundraising $0.24
Program services62%$128K
Management & general13%$27K
Fundraising24%$50K
Total functional expensesLn 25$205K

Financial health

Is it on solid ground?

Program efficiency
62%
of spending reaches programs
Operating runway
17.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+31%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$317K
FY2021▲ +41%
Total assets by fiscal year
FY2020$225K
FY2021$317K
FY2022$461K
FY2023$494K
FY2024$1.3M
Total liabilities
$0
FY2021
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$14K
Revenue less expensesPt I · Ln 19$92K
Total assetsPt X · Ln 16$317K
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$299K
Total assetsLn 16$317K
Total liabilitiesLn 26$0
Total net assetsLn 32$317K
Months of cash on handcomputed17.5

Statement of Revenue

Part VIII
Contributions & grants$288K · 97%
Other revenue$9K · 3%
Contributions & grants97%$288K
Other revenue3%$9K
Total revenueLn 12$297K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $299K · Operating expenses/yr $205K
17.5 months
Where the money goes
Program services
Program services $128K · Total expenses $205K
62%
Management & General
Management & general $27K · Total expenses $205K
13%
Fundraising
Fundraising $50K · Total expenses $205K
24%
Cost to raise $1
Fundraising expense (2-yr avg) $47K · Solicited contributions (2-yr avg) $307K
$0.15 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $288K · Total revenue $297K
97%
Government reliance
Government grants — · Total revenue $297K
—
Earned-income share
Program service revenue $0 · Total revenue $297K
0%
Investment reliance
Investment income $0 · Total revenue $297K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $205K
0%
Growth & trend
Revenue growth (YoY)
This year $297K · Prior year $334K
-11%
Net-asset trend (YoY)
End of year $317K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $297K · Expenses $205K
+31%
Liabilities-to-Assets
Total liabilities — · Total assets $317K
—
Net-asset ratio
Net assets $317K · Total assets $317K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $317K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Grace Moyd · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $52K · Total expenses $205K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $98K · Total expenses $205K
48%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 62%——
Overhead ratio 13%——
Fundraising cost ratio 17%——
Revenue growth -11%——
Legal fee ratio 1.0%——
Accounting fee ratio 4%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$51,500Pt 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
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Grace Moyd’s $75K as Executive Director is at the 14th percentile of top reported officer pay among 1690 $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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Governance & Policies

Part VI
  • 9Voting board membersPt VI · Ln 1a
  • 9Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides disadvantaged students with educational resources to empower them.

Provided by the organization

This section is blank until Thrive Global Project INC claims this page.

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Mission & Programs · Part III

Where the work happens

2 program services account for $128K of program spending, described in the organization's own filed words · FY2021.
01

Unzip the Potential Program

The unzip the potential program in which thrive global project's mission was founded. This program focuses on providing disadvantaged, low-income k-12 students with a resource filled backpack that contains a tailored school supply kit to provide equitable classroom (including virtual classroom) experiences to empower students in life and…

$89Kprogram expense
02

Ready to Thrive Scholarship Program

The program invests in low-income first generation incoming college students by providing financial support, resources and education workshops to use best practices to create better future economic outcomes.

$38Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $1.2M$430K+187% 990 PDF
FY2023 $407K$379K-47% 990 PDF
FY2022 $762K$616K+157% 990 PDF
FY2021 Viewing $297K$205K-11% 990 PDF
FY2020 $334K$217K 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

Full filing: Form 990 for FY2021

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $204,938 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $50,294$50,294
IX-2 Grants to domestic individualsPrograms $18,901$18,901
IX-3 Grants and assistance to foreign recipientsPrograms $4,549$4,549
IX-5 Pay of current officers, directors and key staffPrograms $25,750 · Management $5,150 · Fundraising $20,600$51,500
IX-7 Other salaries and wagesPrograms $20,000 · Management $4,000 · Fundraising $16,000$40,000
IX-10 Payroll taxesPrograms $3,500 · Management $700 · Fundraising $2,800$7,000
IX-11b Legal feesManagement $1,979$1,979
IX-11c Accounting feesManagement $8,700$8,700
IX-11g Other fees for servicesPrograms $453 · Management $91 · Fundraising $362$906
IX-12 Advertising and promotionFundraising $1,287$1,287
IX-13 Office expensesPrograms $900 · Management $1,283$2,183
IX-19 Conferences, conventions and meetingsManagement $3,143$3,143
IX-23 InsuranceManagement $396$396
IX-24 Other expenses (24a–d)Programs $3,346 · Management $1,366 · Fundraising $9,153$13,865
IX-24e All other expensesManagement $235$235
IX-25 Total functional expensesPrograms $127,693 · Management $27,043 · Fundraising $50,202$204,938

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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