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Thrivesphere Athletics Foundation

Tax-deductible

Milpitas, CA501(c)(3)Recreation & Sports EIN 99-2823079Revenue $393K in FY2024Latest return filed Sep 14, 2025

On file with the IRSthrivesphereathletics.orgMilpitas, CATax-exempt since Jan 2025Publicly supported — 509(a)(2)

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ThriveSphere Athletics Foundation empowers youth through sports by providing access to training competition and mentorship

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$393K
Spent
$148K
To programs
97%
Net assets
$245K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $144K Management & general 3% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Denecia Taoufik
Directorsecretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Ismail Jorio
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Thrivesphere Athletics Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers youth through sports by providing access to training, competition, and mentorship.

Questions for Thrivesphere Athletics Foundation

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3 programs · in their own filed words · FY2024
01

Community Outreach and Impact

Our commitment to community impact extended beyond the volleyball court. In 2024, we donated volleyball equipment to local schools, helping them strengthen their sports programs and provide more students with access to physical activity and team play.

Pt IX · col B
02

2024 marked ThriveSphere Athletics Foundations inaugural year with our first official program commencing in July 2024. In this short time we successfully launched our flagship program, the NorStar Volleyball, which provides structured training, coaching, and competitive opportunities for youth athletes.

Pt IX · col B
03

Scholarships and Financial Assistance

To ensure equitable access to sports, ThriveSphere provided direct financial support to families with demonstrated need. In 2024, we awarded $8800 in scholarships to help athletes participate fully in our programs by covering club dues and related expenses.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$393K
Ln 12
Fees for servicesLn 2g$389K
Gifts and grantsLn 1h$4K
Money outPt IX
$148K
Ln 25
Programscol B$144K
Managementcol C$4K
Owns and owesPt X
$245K
net assets · Ln 32
Cash and savingsLn 1–2$245K
Total assetsLn 16$245K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Fees for servicesLn 2g$389K
Total revenueLn 12$393K
Assets in detailPt X, end of year
CashLn 1$244K
SavingsLn 2$1K
Cash and savings togetherLn 1–2$245K
Total assetsLn 16$245K
LiabilitiesLn 26$0
Net assetsLn 32$245K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$245K
Total assetsLn 16$0$245K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$245K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$120$120
Advertising and promotionLn 12$331$331
Office expensesLn 13$418$418
Information technologyLn 14$3K$3K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$506$506
Other expenses (24a–d)Ln 24$140K$140K
Total functional expensesLn 25$148K$144K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Sep 14, 2025 $393K$148K$245K$245K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $393,173 revenue, 12 lines filed
I-8 Contributions and grants$3,683
I-9 Program service revenue$389,490
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$393,173
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$147,698
I-18 Total expenses$147,698
I-19 Revenue less expenses$245,475
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $393,173 across 5 lines filed
VIII-1f All other contributions, gifts and grants$3,300
VIII-1h Total contributions, gifts and grants$3,683
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $389,490$389,490
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $389,490 · Unrelated business $0 · Excluded from tax $0$393,173
Part IX · Statement of functional expenses $147,698 across 7 lines filed
IX-11c Accounting feesManagement $120$120
IX-12 Advertising and promotionPrograms $331$331
IX-13 Office expensesManagement $418$418
IX-14 Information technologyManagement $2,981$2,981
IX-17 TravelPrograms $3,218$3,218
IX-19 Conferences, conventions and meetingsManagement $506$506
IX-24 Other expenses (24a–d)Programs $140,124$140,124
IX-25 Total functional expensesPrograms $143,673 · Management $4,025 · Fundraising $0$147,698
Part X · Balance sheet $245,475 assets, 8 lines filed
Net asset lines not itemized here account for −$245,475. See the IRS return.
X-1 Cash, non-interest-bearing$244,475
X-2 Savings and temporary cash investments$1,000
X-16 Total assetsStart of year $0$245,475
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$245,475
X-31 Retained earnings or endowment$245,475
X-32 Total net assets or fund balancesStart of year $0$245,475
X-33 Total liabilities and net assetsStart of year $0$245,475
Part XI · Reconciliation of net assets $245,475 net assets at year end
XI-1 Total revenue$393,173
XI-2 Total expenses$147,698
XI-3 Revenue less expenses$245,475
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$245,475

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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