2025-05-12T11:33:07-05:00 2024-08-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2023-09-01 455619310 THRIVE SCHOLARS THRI 6175004449 606 OLIVE ST SUITE 2150 LOS ANGELES CA 90014 AMANDA FOSTER CFO 3154774222 2025-05-09 1 1 DANIELLE NIHILL P01350943 7819821001 2025-05-09 2023 2025-03-06 01:10:19Z AMANDA FOSTER 606 OLIVE ST SUITE 2150 LOS ANGELES CA 90014 20692103 0 X WWW.THRIVESCHOLARS.ORG X 2014 CA TO HELP HIGH-ACHIEVING, UNDER-RESOURCED STUDENTS GRADUATE FROM TOP COLLEGES 16 14 279 312 0 0 21188561 18382714 0 0 75900 73510 0 0 21264461 18456224 4437309 4709628 0 0 10178349 12304490 0 0 2982760 5492063 4759333 20107721 21773451 1156740 -3317227 12503639 8721527 3180782 2703175 9322857 6018352 X WE PROVIDE HIGH-ACHIEVING STUDENTS FROM UNDER-RESOURCED COMMUNITIES THE OPPORTUNITIES THEY NEED TO THRIVE AT TOP COLLEGES AND IN MEANINGFUL CAREERS. 0 0 17211173 4709628 0 THRIVE SCHOLARS HAS ACHIEVED TREMENDOUS RESULTS IN SUPPORTING SCHOLARS TO ENROLL IN TOP COLLEGES, EARN GREAT GRADES, AND GRADUATE CAREER-READY. OUR RESULTS WITHIN THE LAST TWO YEARS SHOW THAT AT LEAST 92% OF THRIVE SCHOLARS ARE ATTENDING A TOP COLLEGE, 40% ARE GOING TO AN IVY LEAGUE+ SCHOOL (DEFINED AS THE IVY LEAGUE PLUS STANFORD, MIT, THE UNIVERSITY OF CHICAGO, AND DUKE), AND 98% GRADUATED FROM COLLEGE WITHIN SIX YEARS. OUR SCHOLARS HAVE AN AVERAGE GPA OF 3.5 UPON COLLEGE GRADUATION; 81% OF STEM SCHOLARS PERSISTED AND GRADUATED WITH A STEM DEGREE, AND OUR FIRST-YEAR COLLEGE SCHOLARS FINISHED THEIR FRESHMAN YEAR WITH AN AVERAGE GPA OF 3.4. OUR SCHOLARS ARE OUTPERFORMING THE GENERAL POPULATION AT TOP COLLEGES, NOT JUST SIMILAR HIGH-ACHIEVING, ECONOMICALLY DISADVANTAGED, FIRST-GENERATION STUDENTS OF COLOR. THRIVE SCHOLARS ARE 10% MORE LIKELY TO GRADUATE FROM COLLEGE THAN STUDENTS AT THESE HIGHLY RANKED COLLEGES, THEY ARE ALSO 18% MORE LIKELY TO PURSUE A STEM MAJOR AND 45% MORE LIKELY TO PERSIST IN THAT STEM MAJOR THAN STUDENTS AT HIGHLY RANKED COLLEGES.WE ATTRIBUTE THIS SUCCESS LARGELY TO OUR SIGNATURE SUMMER ACADEMY, A ROBUST 6-WEEK ACADEMIC PROGRAM DESIGNED TO DEMYSTIFY THE COLLEGE EXPERIENCE AND EXPOSE FIRST-GENERATION STUDENTS TO THE RIGORS OF COLLEGE. SINCE ITS INCEPTION, RESULTS HAVE BEEN OVERWHELMING: OUR SCHOLARS' GPAS INCREASED FROM 2.9 TO 3.45 STEM PERSISTENCE ROSE FROM 20% TO 71%, AND 6-YEAR GRADUATION RATES INCREASED FROM 90% TO 99%. 17211173 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 28 0 1 279 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 MA CA IL OH NY FL MI X X AMANDA FOSTER 3154774222 606 OLIVE SUITE 2150 LOS ANGELES CA 90014 MARTIN JACOBS CHAIR 3.00 X X 0 0 0 CALLUM HENDERSON TREASURER 3.00 X X 0 0 0 RUSSELL STEIN SECRETARY 3.00 X X 0 0 0 SEAN LOGAN DIRECTOR 2.00 X 0 0 0 BRIAN LENIHAN DIRECTOR 2.00 X 0 0 0 JIM LONDON DIRECTOR 2.00 X 0 0 0 TRISHA LONDON DIRECTOR 2.00 X 0 0 0 JESSICA PEREZ DIRECTOR 2.00 X 0 0 0 PAT KIRBY DIRECTOR 2.00 X 0 0 0 EVELYN HOU DIRECTOR 2.00 X 0 0 0 RICK HESS DIRECTOR 2.00 X 0 0 0 JOAN HERMAN DIRECTOR 2.00 X 0 0 0 VANESSA GONZALEZ-LOPEZ DIRECTOR 2.00 X 0 0 0 TIFFANIE BOYD DIRECTOR 2.00 X 0 0 0 RENITA SMITH DIRECTOR 2.00 X 0 0 0 PHILLIP AUBREY DIRECTOR 2.00 X 0 0 0 PEDRO GOMEZ DIRECTOR (UNTIL 10/2023) 2.00 X 0 0 0 STEVE STEIN CHIEF EXECUTIVE OFFICER 40.00 X 422859 0 20046 ANA ARCHIBALD PRESIDENT AND CEO 40.00 X 318353 0 9047 TYRA MONTINA CHIEF OPERATING OFFICER 40.00 X 255401 0 26732 AVA ARCHIBALD CHIEF EQUITY AND INCLUSION OFFICER 40.00 X 222969 0 28731 MARCIE PEREZ MANAGING DIRECTOR OF COMMU 40.00 X 185420 0 14720 KERRY WATERSON MANAGING DIRECTOR OF REGIO 40.00 X 174569 0 11145 MONIQUE PEREZ MANAGING DIRECTOR OF CORPO 40.00 X 172455 0 21957 MARTHA SANCHEZ MAJOR GIFTS OFFICER 40.00 X 164842 0 11889 BETHANY GOLDSZER DIRECTOR OF SITE GROWTH 40.00 X 164616 0 18338 TAL GILAD FORMER CHIEF ADVANCEMENT OFFICER 40.00 X 185041 0 8735 2266525 0 171340 30 1 1 0 CRAFTSMAN TECHNOLOGY GROUP LLC 186 LINCOLN STREET BOSTON MA 02111 INFORMATION TECHNOLOGY 307495 ALLISON AND PARTNERS LLC 50 MILK STREET BOSTON MA 02109 MEDIA CONSULTANTS 178000 FORIO ONLINE SIMULATIONS 533 AIRPORT BLVD STE 400 BURLINGAME CA 94010 ONLINE LEARNING PLATFORM 161002 BELAY INC (WINGSPAN) 1864 FELL ST SAN FRANCISCO CA 94117 ACCOUNTING SERVICES 154896 CASUAL FILMS INC 77 FLUSHING AVE BROOKLYN NY 11205 CONTENT PRODUCTION 138946 5 18382714 18382714 63389 63389 2246000 2235879 10121 10121 10121 18456224 0 0 73510 X 4709628 4709628 1922739 1086832 250117 585790 8928805 6932515 545414 1450876 232517 178604 15005 38908 449305 349427 9638 90240 771124 566172 60791 144161 210857 210857 32400 32400 2778856 2091516 325035 362305 72781 36308 31819 4654 801766 769636 8448 23682 326175 222961 31103 72111 309581 164140 11606 133835 125010 103434 6758 14818 EVENT EXPENSES 61380 61380 PAYROLL AND BANK FEES 40527 40527 21773451 17211173 1579518 2982760 2441861 3690896 6652208 3307364 229701 178340 147168 156975 260428 176528 106141 83900 1791003 505676 1135557 798376 12503639 8721527 1957466 1565932 174162 367549 1049154 769694 3180782 2703175 X 1790649 1416130 7532208 4602222 9322857 6018352 12503639 8721527 -3317227 12722 0 X 0 1 X 1 0 X 6592647 13709581 11873680 21188561 18382714 71747183 6592647 13709581 11873680 21188561 18382714 71747183 11731728 60015455 2644 10390 19359 75900 63389 171682 89 89 71918954 0.83450 0.90550 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 89. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 32400 32400 0 PART II-B, LINE 1: $32,400 WAS PAID TO A LOBBYING COMPANY CALLED SOUTH STRATEGIES, LLC. THEY SPECIFICALLY HELPED THRIVE LOBBY THE MASSACHUSETTS GOVERNMENT SO THAT THRIVE COULD RECEIVE FUNDS FROM THE COMMONWEALTH OF MASSACHUSETTS IN ORDER TO SUPPORT EDUCATION SERVICES. 63023 47782 15241 197405 128746 68659 83900 SECURITY DEPOSITS 20144 WEBSITE NET 25500 RIGHT OF USE ASSET, NET 752732 798376 LEASE LIABILITIES 769694 769694 18612920 12722 143974 156696 18456224 0 18456224 21917425 143974 143974 21773451 0 21773451 1 SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE 724 1795068 2914560 COST COMPUTERS, SUPPLIES, TRANSPORTATION COSTS, FOOD COSTS AND LODGING COSTS PART I, LINE 2: THRIVE SCHOLARS PROVIDES FOUR-YEAR RENEWABLE SCHOLARSHIPS RANGING FROM $500-$2500 EACH YEAR, ALONG WITH COMPUTERS, HOUSING, AND SUPPORT FOR OTHER EXPENSES. STUDENTS RECEIVE SCHOLARSHIP CHECKS IN AUGUST AND IN JANUARY, AFTER HAVING COMPLETED A SCHOLARSHIP RENEWAL PROCESS, WITH INCLUDES SUBMITTING INFORMATION AND TRANSCRIPT WITH CUMULATIVE GPA THROUGH AN ONLINE FORM. IN THE RENEWAL FORM, STUDENTS MUST INDICATE COMPLETION OF ALL OF THE PROGRAM REQUIREMENTS. X X X X 0 0 0 0 0 0 0 0 0 STEVE STEIN CHIEF EXECUTIVE OFFICER 422859 0 0 0 0 0 9467 0 10579 0 442905 0 0 0 ANA ARCHIBALD PRESIDENT AND CEO 318353 0 0 0 0 0 8513 0 534 0 327400 0 0 0 TYRA MONTINA CHIEF OPERATING OFFICER 255401 0 0 0 0 0 7167 0 19565 0 282133 0 0 0 AVA ARCHIBALD CHIEF EQUITY AND INCLUSION OFFICER 222969 0 0 0 0 0 6420 0 22311 0 251700 0 0 0 MARCIE PEREZ MANAGING DIRECTOR OF COMMU 185420 0 0 0 0 0 4203 0 10517 0 200140 0 0 0 MONIQUE PEREZ MANAGING DIRECTOR OF CORPO 172455 0 0 0 0 0 5076 0 16881 0 194412 0 0 0 TAL GILAD FORMER CHIEF ADVANCEMENT OFFICER 185041 0 0 0 0 0 2583 0 6152 0 193776 0 0 0 KERRY WATERSON MANAGING DIRECTOR OF REGIO 174569 0 0 0 0 0 3757 0 7388 0 185714 0 0 0 BETHANY GOLDSZER DIRECTOR OF SITE GROWTH 164616 0 0 0 0 0 4806 0 13532 0 182954 0 0 0 MARTHA SANCHEZ MAJOR GIFTS OFFICER 164842 0 0 0 0 0 4839 0 7050 0 176731 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY, BY A MAJORITY VOTE OF ITS MEMBERS, DESIGNATE AN EXECUTIVE COMMITTEE CONSISTING OF FOUR BOARD OF DIRECTOR MEMBERS AND MAY DELEGATE TO SUCH COMMITTEE THE POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION, TO THE EXTENT PERMITTED, AND, EXCEPT AS MAY OTHERWISE BE PROVIDED, BY PROVISIONS OF LAW. BY A MAJORITY VOTE OF ITS MEMBERS, THE BOARD OF DIRECTORS MAY AT ANY TIME REVOKE OR MODIFY ANY OR ALL OF THE EXECUTIVE COMMITTEE AUTHORITY SO DELEGATED, INCREASE OR DECREASE BUT NOT BELOW TWO (2) THE NUMBER OF THE MEMBERS OF THE EXECUTIVE COMMITTEE, AND FILL VACANCIES ON THE EXECUTIVE COMMITTEE FROM THE MEMBERS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL KEEP REGULAR MINUTES OF ITS PROCEEDINGS, CAUSE THEM TO BE FILED WITH THE CORPORATE RECORDS, AND REPORT THE SAME TO THE BOARD OF DIRECTORS FROM TIME TO TIME AS THE BOARD OF DIRECTORS MAY REQUIRE. FORM 990, PART VI, SECTION A, LINE 2 PATRICIA LONDON & JAMES LONDON ARE BOTH DIRECTORS ON THE BOARD AND HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS A DRAFT OF THE 990 AND MAKES RECOMMENDATIONS FOR REVISIONS AND VOTES TO APPROVE IT. AFTER THIS THE ENTIRE BOARD REVIEWS THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C PLEASE REFER TO PAGE 23 TO 24 OF THE BYLAWS THAT WERE ALREADY SHARED WITH CLA. FORM 990, PART VI, SECTION B, LINE 15 MARKET RESEARCH AND HR BEST PRACTICE RESEARCH IS DONE BY HR STAFF AND EXTERNAL CONSULTANTS TO ENSURE THAT TOP MANAGEMENT (CHIEF OFFICERS) ARE PAID APPROPRIATELY AND AT MARKET RATE. MARKET RESEARCH AND HR BEST PRACTICE RESEARCH IS DONE BY HR STAFF AND EXTERNAL CONSULTANTS TO ENSURE THAT TOP MANAGEMENT AND ALL EMPLOYEES ARE PAID APPROPRIATELY AND AT MARKET RATE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE AVAILABLE ON OUR WEBSITE. FORM 990, PART IX, LINE 11G TEACHERS: PROGRAM SERVICE EXPENSES 1,706,899. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,706,899. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 384,617. MANAGEMENT AND GENERAL EXPENSES 325,035. FUNDRAISING EXPENSES 362,305. TOTAL EXPENSES 1,071,957.