Thrive Learning Centers EIN 87-2120255 Form 990 (PDF) Claim this org

Thrive Learning Centers

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Nurtures youth and families to develop spiritually mature, talented children who express their God-given gifts. For fiscal year 2024 it reported $647K in revenue, $673K in expenses, and $193K in net assets.Pt I

Founded
2021
Type
Religious organization · Religion
Location
Encinitas, CA
Filings
2 on file (2022–2024)
Revenue
$647KFY2024
Expenses
$673K
Net assets
$193K
People
4
Filings
2
Updates
0
More identity details & actions ⌄
EIN  87-2120255 Religious organization Encinitas, CA Founded 2021
Form 990 (PDF)
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Size
$100K–1M
What they do
Nurtures youth and families to develop spiritually mature, talented children who express their God-given gifts.
Leadership
Heather Dalton · Executive Dir. · $95K
Money in and out
$647K revenue, $673K expenses
Bottom line
76% program efficiency
Where the money goes · FY2024
Total revenue
$647K
Pt VIII · Ln 12
Total expenses
$673K
Pt IX · Ln 25
Net assets
$193K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$27K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.24 Fundraising $0.00
Program efficiency
76%
of spending reaches programs▲ +102% vs prior filing year
Operating runway
4.5mo
months of highly liquid reserves at operating expense rate▼ -30% vs prior filing year
Surplus margin
-4%
revenue over expenses, this year▲ +31% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$647K
FY2024▲ +39%
Expenses
$673K
FY2024▲ +36%
Total assets
$253K
FY2024▼ -4%
Total liabilities
$60K
FY2024▲ +13%
Total revenue
$647K
Pt VIII · Ln 12
Total expenses
$673K
Pt IX · Ln 25
Net assets
$193K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$27K
Total assetsPt X · Ln 16$253K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThrive Learning Centers
EINHdr · item D87-2120255
Principal addressHdr · item CEncinitas, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2021
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X99)
Ruling yearIRS BMFMar 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1bpending
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 Dir.
$95,000Pt VII · Sec A
$20,001Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Heather Dalton’s $95K as Executive Dir. is at the 87th percentile of top reported officer pay among 2136 $100K–1M religion 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 · 2 named individuals · Part VII

NameFY2024FY2024FY2022
Heather Dalton$95,000$16,449$90,000
Mikala Janse Van Rensburg$20,001$47,667$80,000

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

1 program service account for $511K of program spending, described in the organization's own filed words · FY2024.
01

Educational Development of Youth

$511Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$647K
Total revenueLn 12$647K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24 Fundraising $0.00
Program services76%$511K
Management & general24%$160K
Fundraising$3K
Total functional expensesLn 25$673K

Balance Sheet

Part X · end of year
CashLn 1$253K
Total assetsLn 16$253K
Total liabilitiesLn 26$60K
Total net assetsLn 32$193K
Months of cash on handcomputed4.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $253K · Operating expenses/yr $673K
4.5 months
Where the money goes
Program services
Program services $511K · Total expenses $673K
76%
Management & General
Management & general $160K · Total expenses $673K
24%
Fundraising
Fundraising $3K · Total expenses $673K
0.4%
Cost to raise $1
Fundraising expense (2-yr avg) $1K · Solicited contributions (2-yr avg) $548K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $647K · Total revenue $647K
100%
Government reliance
Government grants — · Total revenue $647K
Earned-income share
Program service revenue $0 · Total revenue $647K
0%
Investment reliance
Investment income $0 · Total revenue $647K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $673K
0%
Growth & trend
Revenue growth (YoY)
This year $647K · Prior year $467K
+39%
Net-asset trend (YoY)
End of year $193K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $647K · Expenses $673K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $253K
Net-asset ratio
Net assets $193K · Total assets $253K
76%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $253K
0%
People & payroll
Highest Reported Total Compensation
Individual Heather Dalton · Reported title Executive Dir. · Highest reported compensation $95K · Total expenses $673K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $387K · Total expenses $673K
57%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 24%
Fundraising cost ratio 0.4%
Revenue growth 39%

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 · FY2023
Total grants receivedfrom 2 funders$10K

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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$467K revenue · ⤓ 990 PDF
FY2023not on file
FY2022$517K 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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