Thrivefunds Incorporated EIN 85-3349644

Thrivefunds Incorporated

EIN  85-3349644 Public charity (501(c)(3)) Indianapolis, IN
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Builds infrastructure for working families to boost opportunity and economic mobility.
Leadership
Gisele Garraway · President/Founder
Money in and out
$280K revenue, $267K expenses
Bottom line
68% program efficiency

Builds infrastructure for working families to boost opportunity and economic mobility. For fiscal year 2024 it reported $280K in revenue, $267K in expenses, and $38K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$280K
Pt VIII · Ln 12
Total expenses
$267K
Pt IX · Ln 25
Net assets
$38K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $13K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.23 Fundraising $0.10
Program efficiency
68%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
1.9mo
months of highly liquid reserves at operating expense rate▲ +90% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▲ +417% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$280K
FY2024▼ -26%
Expenses
$267K
FY2024▼ -30%
Total assets
$50K
FY2024▲ +70%
Total liabilities
$12K
FY2024▲ +172%
Total revenue
$280K
Pt VIII · Ln 12
Total expenses
$267K
Pt IX · Ln 25
Net assets
$38K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$13K
Total assetsPt X · Ln 16$50K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $181K of program spending, described in the organization's own filed words · FY2024.
01

Thrivefunds established relationships with four community center partners in two major cities, Indianapolis and Boston. 73 families were provided resources to help on their path towards financial stability.

$181Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThrivefunds Incorporated
EINHdr · item D85-3349644
Principal addressHdr · item CIndianapolis, IN
WebsiteHdr · item Jwww.thrivefunds.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P12)
Ruling yearIRS BMFDec 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
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
President/Founder
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$279K
Other revenue$681
Total revenueLn 12$280K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.23 Fundraising $0.10
Program services68%$181K
Management & general23%$60K
Fundraising10%$25K
Total functional expensesLn 25$267K

Balance Sheet

Part X · end of year
CashLn 1$43K
Total assetsLn 16$50K
Total liabilitiesLn 26$12K
Total net assetsLn 32$38K
Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $43K · Operating expenses/yr $267K
1.9 months
Where the money goes
Program services
Program services $181K · Total expenses $267K
68%
Management & General
Management & general $60K · Total expenses $267K
23%
Fundraising
Fundraising $25K · Total expenses $267K
10%
Cost to raise $1
Fundraising expense (2-yr avg) $30K · Solicited contributions (2-yr avg) $328K
$0.09 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $279K · Total revenue $280K
100%
Government reliance
Government grants — · Total revenue $280K
Earned-income share
Program service revenue $0 · Total revenue $280K
0%
Investment reliance
Investment income $0 · Total revenue $280K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $267K
0%
Growth & trend
Revenue growth (YoY)
This year $280K · Prior year $377K
-26%
Net-asset trend (YoY)
End of year $38K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $280K · Expenses $267K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $50K
Net-asset ratio
Net assets $38K · Total assets $50K
76%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $50K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Gisele Garraway · Reported title President/Founder · Highest reported compensation $0 · Total expenses $267K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $267K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 23%
Fundraising cost ratio 9%
Revenue growth -26%
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
Total grants receivedfrom 1 funder$51K

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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)$280K revenue · viewing · ⤓ 990 PDF
FY2023$377K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$138K 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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