Strive Clt INC EIN 87-4644219

Strive Clt INC

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Empowers families with education and connections to build social capital and reach their full potential. For fiscal year 2025 it reported $154K in revenue, $266K in expenses, and $195K in net assets.Pt I

Founded
2022
Type
Public charity (501(c)(3)) · Public & Societal Benefit
Location
Charlotte, NC
Website
www.striveclt.org
Filings
4 on file (2022–2025)
Revenue
$154KFY2025
Expenses
$266K
Net assets
$195K
People
12
Filings
4
Updates
0
More identity details & actions ⌄
EIN  87-4644219 Public charity (501(c)(3)) Charlotte, NC Founded 2022
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers families with education and connections to build social capital and reach their full potential.
Leadership
Gwendolyn G High · Executive Dir. · $77K
Money in and out
$154K revenue, $266K expenses
Bottom line
74% program efficiency
Where the money goes · FY2025
Total revenue
$154K
Pt VIII · Ln 12
Total expenses
$266K
Pt IX · Ln 25
Net assets
$195K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$112K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.23 Fundraising $0.03
Program efficiency
74%
of spending reaches programs▼ -8% vs prior filing year
Operating runway
8.8mo
months of highly liquid reserves at operating expense rate▼ -31% vs prior filing year
Surplus margin
-72%
revenue over expenses, this year▼ -267% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$154K
FY2025▼ -69%
Expenses
$266K
FY2025▼ -7%
Total assets
$195K
FY2025▼ -36%
Total liabilities
$113
FY2025▲ +465%
Total revenue
$154K
Pt VIII · Ln 12
Total expenses
$266K
Pt IX · Ln 25
Net assets
$195K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$112K
Total assetsPt X · Ln 16$195K
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

3 program services account for $189K of program spending, described in the organization's own filed words · FY2025.
01

Afterschool Program/Reading Literacy.In 2025, StriveCLT provided high-quality afterschool programming and reading literacy support for children living in Charlotte's Southside Homes community. The program served approximately 30 kindergarten through fifth grade students from Marie G.

$112Kprogram expense
02

Adult Digital Literacy and Technology Access In 2025, StriveCLT continued its adult digital literacy program to help close the digital divide for residents of Southside Homes. The program was originally launched in response to residents' need for stronger access to online housing, communication, and service platforms.

$59Kprogram expense
03

Summer Learning and Enrichment Programs In 2025, StriveCLT expanded educational enrichment opportunities and helped address summer learning loss for children living in Southside Homes. In collaboration with community partners and donors, StriveCLT provided financial assistance and scholarships for 20 students who also participated in the…

$18Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CStrive Clt INC
EINHdr · item D87-4644219
Principal addressHdr · item CCharlotte, NC
WebsiteHdr · item Jwww.striveclt.org
Year of formationHdr · item L2022
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W99)
Ruling yearIRS BMFMar 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
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.
$76,501Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Gwendolyn G High’s $77K as Executive Dir. is at the 61st percentile of top reported officer pay among 1033 $100K–1M public & societal benefit 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

NameFY2025FY2024FY2023
Gwendolyn G High$76,501$85,375$20,500

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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Statement of Revenue

Part VIII
Contributions & grants100%$154K
— government grantsLn 1e$29K
Total revenueLn 12$154K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.23 Fundraising $0.03
Program services74%$197K
Management & general23%$62K
Fundraising3%$7K
Total functional expensesLn 25$266K

Balance Sheet

Part X · end of year
CashLn 1$195K
Total assetsLn 16$195K
Total liabilitiesLn 26$113
Total net assetsLn 32$195K
Months of cash on handcomputed8.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $195K · Operating expenses/yr $266K
8.8 months
Where the money goes
Program services
Program services $197K · Total expenses $266K
74%
Management & General
Management & general $62K · Total expenses $266K
23%
Fundraising
Fundraising $7K · Total expenses $266K
3%
Cost to raise $1
Fundraising expense (2-yr avg) $13K · Solicited contributions (2-yr avg) $234K
$0.06 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $154K · Total revenue $154K
100%
Government reliance
Government grants $29K · Total revenue $154K
19%
Earned-income share
Program service revenue $0 · Total revenue $154K
0%
Investment reliance
Investment income $0 · Total revenue $154K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $266K
0%
Growth & trend
Revenue growth (YoY)
This year $154K · Prior year $506K
-69%
Net-asset trend (YoY)
End of year $195K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $154K · Expenses $266K
-72%
Liabilities-to-Assets
Total liabilities — · Total assets $195K
Net-asset ratio
Net assets $195K · Total assets $195K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $195K
0%
People & payroll
Highest Reported Total Compensation
Individual Gwendolyn G High · Reported title Executive Dir. · Highest reported compensation $77K · Total expenses $266K
29%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $77K · Total expenses $266K
29%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 23%
Fundraising cost ratio 5%
Revenue growth -69%

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$32K

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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
FY2025 (Latest)$154K revenue · viewing · ⤓ 990 PDF
FY2024$506K revenue · ⤓ 990 PDF
FY2023$98K revenue · ⤓ 990 PDF
FY2022$169K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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