Thrive Birth to Five Foundation EIN 93-4568218 Form 990 (PDF) Claim this org

Thrive Birth to Five Foundation

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Builds early childhood systems to support young children and families. For fiscal year 2025 it reported $11.6M in revenue, $11.5M in expenses, and $1.9M in net assets.Pt I

Founded
2023
Type
Public charity (501(c)(3)) · Education
Location
Richmond, VA
Website
thriveb5.org
Filings
1 on file (2025–2025)
Revenue
$11.6MFY2025
Expenses
$11.5M
Net assets
$1.9M
People
25
Filings
1
Updates
0
More identity details & actions ⌄
EIN  93-4568218 Public charity (501(c)(3)) Richmond, VA Founded 2023
Form 990 (PDF)
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Size
$10–100M
What they do
Builds early childhood systems to support young children and families.
Leadership
Ann Rohde Payes · CEO · $150K
Money in and out
$11.6M revenue, $11.5M expenses
Bottom line
97% program efficiency
Where the money goes · FY2025
Total revenue
$11.6M
Pt VIII · Ln 12
Total expenses
$11.5M
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $110K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs
Operating runway
2.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+0.9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total revenue
$11.6M
Pt VIII · Ln 12
Total expenses
$11.5M
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$110K
Total assetsPt X · Ln 16$3.2M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 324
Independent voting membersPt I · Ln 424
Mission & Programs · Part III

Where the work happens

2 program services account for $11.2M of program spending, described in the organization's own filed words · FY2024.
01

Public/ Private Childcare Partnerships

TB5 administers mixed delivery programming, funding care and education slots for over 540 children under the age of 5 in the region. TB5 also administers the city of richmond early childcare trust fund, an historic investment in early childhood care and education awarded by the city of richmond to expand the accessibility and…

$8.9Mprogram expense
02

Early Childhood Programs

TB5 convenes 500+ diverse public and private organizations to work collectively to ensure all children are ready to succeed in school, work, and life. Partners include childcare providers, school systems, state and local government, nonprofit and philanthropic organizations, and local businesses.

$2.3Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThrive Birth to Five Foundation
EINHdr · item D93-4568218
Principal addressHdr · item CRichmond, VA
WebsiteHdr · item Jthriveb5.org
Year of formationHdr · item L2023
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFJan 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a24
Independent voting membersPt VI · Ln 1b24
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$149,800Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Ann Rohde Payes’s $150K as CEO is at the 15th percentile of top reported officer pay among 3682 $10–100M education 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.

See Thrive Birth to Five Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$11.6M
Investment income$51K
— government grantsLn 1e$3.3M
Total revenueLn 12$11.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$11.2M
Management & general3%$309K
Total functional expensesLn 25$11.5M

Balance Sheet

Part X · end of year
CashLn 1$2.2M
Total assetsLn 16$3.2M
Total liabilitiesLn 26$1.3M
Total net assetsLn 32$1.9M
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.2M · Operating expenses/yr $11.5M
2.3 months
Where the money goes
Program services
Program services $11.2M · Total expenses $11.5M
97%
Management & General
Management & general $309K · Total expenses $11.5M
3%
Fundraising
Fundraising $0 · Total expenses $11.5M
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $8.3M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $11.6M · Total revenue $11.6M
100%
Government reliance
Government grants $3.3M · Total revenue $11.6M
28%
Earned-income share
Program service revenue $0 · Total revenue $11.6M
0%
Investment reliance
Investment income $51K · Total revenue $11.6M
+0.4%
Program self-sufficiency
Program service revenue $0 · Total expenses $11.5M
0%
Growth & trend
Revenue growth (YoY)
This year $11.6M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $11.6M · Expenses $11.5M
+0.9%
Liabilities-to-Assets
Total liabilities — · Total assets $3.2M
Net-asset ratio
Net assets $1.9M · Total assets $3.2M
60%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ann Rohde Payes · Reported title CEO · Highest reported compensation $150K · Total expenses $11.5M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.4M · Total expenses $11.5M
12%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost 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 · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$265K
See all 3 funders →
Grants paid · 35 grants · $8.6M · 2024–2024
YWCA RichmondVA · FY2024$1,052,960
Foundations Learning AcademyFY2024$883,609
Smart Cookie Learning Center IIFY2024$568,493
Friends Association for ChildrenNY · FY2024$562,082
New Direction Childcare & LearningFY2024$531,266
Angels at Play Childcare CenterFY2024$514,536
The Greenhouse Day Care Center INCFY2024$485,177
Oak Grove Child Care CenterFY2024$386,531
Sowing Seeds AcademyFY2024$279,798
Skipwith Academy at ColonialFY2024$258,965
Let's Be a Kid Childcare CenterFY2024$209,086
Kidz with Goals Unlimited LLCFY2024$196,759
Troy MontessoriFY2024$182,077
Blessings for YouFY2024$177,791
Honey's Learning Center LLCFY2024$171,240
Heaven Sent Child Care LLCFY2024$159,419
Learning Playhouse LimitedFY2024$149,891
See all 35 grants →

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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)$11.6M revenue · viewing · ⤓ 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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