Strive Clt INC FY2024 filing

Charlotte, NC · Public charity (501(c)(3)) · Since 2022 · Public & Societal Benefit

✓ Tax-deductible
Revenue
$506K
+416% vs prior year
Spent
$287K
To programs
81%
Net assets
$307K
By yearFY2022–FY2025
Revenue
$506K
FY2024▲ +416%
Revenue by fiscal year
FY2022$169K
FY2023$98K
FY2024$506K
FY2025$154K
Expenses
$287K
FY2024
Expenses by fiscal year
FY2022Not on file
FY2023Not on file
FY2024$287K
FY2025$266K
Net assets
$307K
FY2024▲ +250%
Net assets by fiscal year
FY2022$160K
FY2023$88K
FY2024$307K
FY2025$195K

From the FY2024 Form 990 · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CStrive Clt INC
EINHdr · item D87-4644219
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2022
Year of formationHdr · item L2022
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CCharlotte, NC
NTEE classificationIRS BMFPublic & Societal Benefit (W99)
WebsiteHdr · item Jwww.striveclt.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.12 Fundraising $0.07
Program services81%$231K
Management & general12%$36K
Fundraising7%$20K
Total functional expensesLn 25$287K

Financial health

Is it on solid ground?

Program efficiency
81%
of spending reaches programs
Operating runway
12.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+43%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$307K
FY2024
Total assets by fiscal year
FY2022Not on file
FY2023Not on file
FY2024$307K
FY2025$195K
Total liabilities
−$31
FY2024
Total liabilities by fiscal year
FY2022Not on file
FY2023Not on file
FY2024−$31
FY2025$113
Revenue less expensesPt I · Ln 19$219K
Total assetsPt X · Ln 16$307K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$307K
Total assetsLn 16$307K
Total liabilitiesLn 26−$31
Total net assetsLn 32$307K
Months of cash on handcomputed12.8

Statement of Revenue

Part VIII
Contributions & grants100%$506K
— government grantsLn 1e$163K
Total revenueLn 12$506K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $307K · Operating expenses/yr $287K
12.8 months
Where the money goes
Program services
Program services $231K · Total expenses $287K
81%
Management & General
Management & general $36K · Total expenses $287K
12%
Fundraising
Fundraising $20K · Total expenses $287K
7%
Cost to raise $1
Fundraising expense $20K · Solicited contributions $343K
$0.06 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $506K · Total revenue $506K
100%
Government reliance
Government grants $163K · Total revenue $506K
32%
Earned-income share
Program service revenue $0 · Total revenue $506K
0%
Investment reliance
Investment income $0 · Total revenue $506K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $287K
0%
Growth & trend
Revenue growth (YoY)
This year $506K · Prior year $98K
+416%
Net-asset trend (YoY)
End of year $307K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $506K · Expenses $287K
+43%
Liabilities-to-Assets
Total liabilities — · Total assets $307K
—
Net-asset ratio
Net assets $307K · Total assets $307K
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) $307K
0%
People & payroll
Highest Reported Total Compensation
Individual Gwendolyn G High · Reported title Executive Dir. · Highest reported compensation $85K · Total expenses $287K
30%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $85K · Total expenses $287K
30%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 12%——
Fundraising cost ratio 4%——
Revenue growth 416%——
Investment management fee ratio 0%——
Legal fee ratio 1%——
Accounting fee ratio 1%——
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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$85,375Pt 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 1043 $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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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Empowers families with education and connections to build social capital and reach their full potential.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $228K of program spending, described in the organization's own filed words · FY2024.
01

Afterschool Program/Reading Literacy. StriveCLT is currently in the third year of running an afterschool program, Monday ? Friday, for Title I children in kindergarten through 5th grade who attend Marie G. Davis, the home school within walking distance of their Southside Homes (SSH) community.

$175Kprogram expense
02

Other program services Strategic Planning. A significant process near the end of 2024 to enhance our program planning, implementation, and delivery of mission programs and services was the StriveCLT Board?s decision to undergo a strategic planning process to strengthen our nonprofit.

$46Kprogram expense
03

Civic and Community Engagement. To foster greater interest and participation in the election of officials that represent them, StriveCLT set up a voters? education table during a Southside Homes sponsored Back to School event.

$7Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$32K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $154K$266K-69% 990 PDF
FY2024 Viewing $506K$287K+416% 990 PDF
FY2023 $98K—-42% 990 PDF
FY2022 $169K— 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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
Names, privacy, and removal requests More

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