Thrive Learning Centers FY2024 filing

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EIN 87-2120255 Religious organization Encinitas, CA NTEE X99
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Revenue & expenses by yearFY2022–FY2024
Revenue
$467K
FY2024▼ -10%
Expenses
$495K
FY2024▲ +12%

Form 990 for the fiscal year ending June 2024 (IRS tax year 2023).


Nurtures youth and families to develop spiritually mature, talented children who express their God-given gifts. For fiscal year 2024 it reported $467K in revenue, $495K in expenses, and $210K in net assets.Pt I

Founded
2021
Type
Religious organization · Religion
Location
Encinitas, CA
Filings
2 on file (2022–2024)
Revenue
$467KFY2024
Expenses
$495K
Net assets
$210K
People
4
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →
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Provided by the organization

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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
Mikala Janse Van Rensburg · Operations Dir · $48K
Money in and out
$467K revenue, $495K expenses
Bottom line
38% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

2 funders, incl. National Charitable Endowment INC

2 distinct foundation funder(s) on file, $10K received in the most recent year with grants. See detail →

How is the money spent?

CRITICAL

38% to programs

38% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↓ -10% vs prior year

Revenue band $100K–1M, -10% versus the prior filing year (down). See detail →

Where the money goes · FY2024
Total revenue
$467K
Pt VIII · Ln 12
Total expenses
$495K
Pt IX · Ln 25
Net assets
$210K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$28K
Where spending went · Part IX cols B–D
Program services $0.38 Management & general $0.62
Program efficiency
38%
of spending reaches programs
Operating runway
6.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-6%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$262K
FY2024▲ +78%
Total liabilities
$53K
FY2024▼ -27%
Revenue less expensesPt I · Ln 19−$28K
Total assetsPt X · Ln 16$262K
Program-expense ratioPt IX · col B38%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · 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 · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$47,667Pt VII · Sec A
Executive Dir.
$16,449Pt 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 2133 $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 $186K of program spending, described in the organization's own filed words · FY2023.
01

Educational Development of Youth

$186Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$448K · 96%
Other revenue$19K · 4%
Contributions & grants96%$448K
Other revenue4%$19K
Total revenueLn 12$467K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.38 Management & general $0.62
Program services38%$186K
Management & general62%$309K
Total functional expensesLn 25$495K

Balance Sheet

Part X · end of year
CashLn 1$262K
Total assetsLn 16$262K
Total liabilitiesLn 26$53K
Total net assetsLn 32$210K
Months of cash on handcomputed6.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $262K · Operating expenses/yr $495K
6.4 months
Where the money goes
Program services
Program services $186K · Total expenses $495K
38%
Management & General
Management & general $309K · Total expenses $495K
62%
Fundraising
Fundraising $0 · Total expenses $495K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $5K · Solicited contributions (2-yr avg) $393K
$0.01 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $448K · Total revenue $467K
96%
Government reliance
Government grants — · Total revenue $467K
—
Earned-income share
Program service revenue $0 · Total revenue $467K
0%
Investment reliance
Investment income $0 · Total revenue $467K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $495K
0%
Growth & trend
Revenue growth (YoY)
This year $467K · Prior year $517K
-10%
Net-asset trend (YoY)
End of year $210K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $467K · Expenses $495K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $262K
—
Net-asset ratio
Net assets $210K · Total assets $262K
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $262K
0%
People & payroll
Highest Reported Total Compensation
Individual Mikala Janse Van Rensburg · Reported title Operations Dir · Highest reported compensation $48K · Total expenses $495K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $277K · Total expenses $495K
56%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 38%——
Overhead ratio 62%——
Fundraising cost ratio 0%——
Revenue growth -10%——
Investment management fee ratio 0%——
Legal fee ratio 2%——
Accounting fee ratio 0.7%——
Fundraising fee ratio 0%——

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 · viewing · ⤓ 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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