Is it real?
Yes. Exemption reinstated (2023-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Sep 2024.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
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
4 people listed on the 990; $98K paid to officers and key staff.
Stacy Hammond McEver’s $98K as President is at the 82nd percentile of top reported officer pay among 1613 $100K–1M education 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
| Name | FY2024 | FY2023 |
|---|---|---|
| Stacy Hammond McEver | $98,250 | $78,666 |
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
Educates at-risk youth in an impoverished neighborhood with innovative teaching.
Questions for Thrive Academy Atlanta INC
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Educational Service Program Expenses
These expenses include the following Salaries and Wages - The Director is paid a salary and outside contractors are brought in each day to teach classes during the week. Rent/Utility/Occupancy - monthly rent paid for the use of the school property and utilities cost Food expense-Thrive Academy contracts with a food service that feeds the…
Student Housing Rent, Utilities, Pay, FoodThrive Academy funded two separate student houses. Thrive Academy paid for rent and utilities for each house and contracted with a boys house leader and a girls house leader for the student housing.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $70K | $84K |
| Land, buildings, equipmentLn 10c | $322K | $632K |
| Total assetsLn 16 | $394K | $823K |
| LiabilitiesLn 26 | $0 | $135K |
| Net assetsLn 32 | $394K | $688K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $98K | $98K | ||
| Other salaries and wagesLn 7 | $230K | $230K | ||
| Other employee benefitsLn 9 | $3K | |||
| Payroll taxesLn 10 | $11K | $11K | ||
| Accounting feesLn 11c | $9K | $9K | ||
| Advertising and promotionLn 12 | $17K | $17K | ||
| Office expensesLn 13 | $19K | $19K | ||
| OccupancyLn 16 | $84K | $84K | ||
| TravelLn 17 | $37K | $37K | ||
| InterestLn 20 | $5K | |||
| InsuranceLn 23 | $11K | $11K | ||
| Other expenses (24a–d)Ln 24 | $102K | $104K | ||
| Total functional expensesLn 25 | $627K | $554K | $50K | $17K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $921K | $627K | $294K | $688K | 990 PDF |
| FY2023 | $799K | $550K | $249K | $394K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $921,198 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, 4 to look at
Part VIII · Statement of revenue $921,198 across 11 lines filed
Part IX · Statement of functional expenses $627,199 across 12 lines filed
Part X · Balance sheet $822,954 assets, 11 lines filed
Part XI · Reconciliation of net assets $687,815 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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