Thrive by 5 Louisville INC EIN 99-2165560

Thrive by 5 Louisville INC

EIN  99-2165560 Public charity (501(c)(3)) Louisville, KY Founded 2024
Form 990 (PDF) Compare with another nonprofit →
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Size
$1–10M
What they do
an education nonprofit
Leadership
Ashley Novak Butler · Board Chair
Money in and out
$2.1M revenue, $375K expenses
Bottom line
77% program efficiency

Thrive by 5 Louisville INC is an education nonprofit based in Louisville, KY, formed in 2024. For fiscal year 2024 it reported $2.1M in revenue, $375K in expenses, and $1.7M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$375K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.7M
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.17 Fundraising $0.06
Program efficiency
77%
of spending reaches programs
Operating runway
170.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+82%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$375K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.7M
Total assetsPt X · Ln 16$6.4M
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 417
Mission & Programs · Part III

Where the work happens

3 program services account for $288K of program spending, described in the organization's own filed words · FY2024.
01

Expand Access

Help families navigate care, connect to resources, and afford preschool with financial assistance.

$96Kprogram expense
02

Improve Quality

Strengthen learning environments so every child is safe, supported, and ready for school.

$96Kprogram expense
03

Increase Capacity

Recruit, support, and retain early childhood educators to meet growing demand.

$96Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThrive by 5 Louisville INC
EINHdr · item D99-2165560
Principal addressHdr · item CLouisville, KY
WebsiteHdr · item Jthriveby5louisville.org
Year of formationHdr · item L2024
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFApr 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b17
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
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$2.0M · 96%
Investment income$94K · 4%
Contributions & grants96%$2.0M
Investment income4%$94K
— government grantsLn 1e$375K
Total revenueLn 12$2.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.17 Fundraising $0.06
Program services77%$288K
Management & general17%$64K
Fundraising6%$24K
Total functional expensesLn 25$375K

Balance Sheet

Part X · end of year
CashLn 1$5.3M
Total assetsLn 16$6.4M
Total liabilitiesLn 26$4.6M
Total net assetsLn 32$1.7M
Months of cash on handcomputed170.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5.3M · Operating expenses/yr $375K
170.5 months
Where the money goes
Program services
Program services $288K · Total expenses $375K
77%
Management & General
Management & general $64K · Total expenses $375K
17%
Fundraising
Fundraising $24K · Total expenses $375K
6%
Cost to raise $1
Fundraising expense $24K · Solicited contributions $1.6M
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $2.0M · Total revenue $2.1M
96%
Government reliance
Government grants $375K · Total revenue $2.1M
18%
Earned-income share
Program service revenue $0 · Total revenue $2.1M
0%
Investment reliance
Investment income $94K · Total revenue $2.1M
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $375K
0%
Growth & trend
Revenue growth (YoY)
This year $2.1M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.1M · Expenses $375K
+82%
Liabilities-to-Assets
Total liabilities — · Total assets $6.4M
Net-asset ratio
Net assets $1.7M · Total assets $6.4M
27%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ashley Novak Butler · Reported title BOARD CHAIR · Highest reported compensation $0 · Total expenses $375K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $73K · Total expenses $375K
19%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 17%
Fundraising cost ratio 1%

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

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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 (Latest)$2.1M revenue · viewing · ⤓ 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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