2026-05-13T08:56:04-07:00 2025-06-30 721161458 DAIGREPONT & BRIAN A PROF ACCT CORP 910 S ACADIAN THRUWAY BATON ROUGE LA 70806 990 2024-07-01 464134463 Thrive Foundation THRI 2252397820 2585 Brightside Dr Baton Rouge LA 70820 Dave Baxter Treasurer 2026-05-13 true true John M Goodwin CPA P02148628 2259273760 2024 2025-03-06 01:10:19Z Dave Baxter 2585 Brightside Dr Baton Rouge LA 70820 2543722 false X N/A X 2013 LA To provide fundraising and facilities support to Thrive. 9 9 5 0 481751 656131 1718429 1830443 2647 5915 17918 42352 2220745 2534841 0 0 223138 276294 0 0 1819239 1805263 2042377 2081557 178368 453284 13862719 13958002 10045966 9687965 3816753 4270037 To provide fundraising and facilities support to Thrive. false false 1619959 1830443 THE ORGANIZATION SUPPORTS THE OPERATION OF PUBLIC, TUITION-FREE, BOARDING SCHOOL IN BATON ROUGE, LA FOR AT RISK STUDENTS IN GRADES 6 THROUGH 12 FROM THE STATE OF LOUISIANA. 1619959 true true false false false false false false false false true false false false false true true false true false false false false false true false false false false false false false false false false false false false false false false false false true false false false true 1 0 true 5 true false false false false false false false 0 false false false false false false false X 9 9 false true false false false false false true true false false true true true true true false false false false X Morgan Hilliard 2254053487 2585 Brightside Drive Baton Rouge LA 70820 Morgan Hilliard Exec Director 40.00 0.00 X 115000 0 0 Adrian Owen Jones Director 1.00 0.00 X 0 0 0 Dave Baxter Treasurer 1.00 0.00 X X 0 0 0 Joseph Hollins Chair 1.00 0.00 X X 0 0 0 Darylene Harris Pugh Director 0.00 0.00 X 0 0 0 Matthew Valliere Vice Chair 1.00 0.00 X X 0 0 0 Wendy Daniels Director 1.00 0.00 X 0 0 0 Mark Drennen Secretary 1.00 0.00 X X 0 0 0 Sabrina Galloway Director 1.00 0.00 X 0 0 0 Tedrick Knightshead Director 1.00 0.00 X 0 0 0 115000 1 false false false ACI Facility Support 1048 Florida St Baton Rouge LA 70802 Facility Services 220995 1 656131 8881 656131 Interest income 900099 212378 212378 Rental Income 531120 1618065 1618065 1830443 5915 5915 0 0 0 0 46790 8881 37909 0 0 Reimbursements 900099 4443 4443 4443 2534841 1834886 5915 0 0 0 0 0 0 276294 138147 138147 0 0 0 0 0 0 0 0 0 67451 29371 38080 0 23263 18244 5019 28059 28059 0 0 0 0 0 485766 364325 121441 0 271184 203388 67796 224815 179852 44963 Repairs and maintenance 424693 382224 42469 Student Life 200982 200982 Fundraising 44385 44385 Transportation 16249 16249 18416 14733 3683 2081557 1619959 461598 0 157309 233885 0 1000 53095 53095 0 0 5539200 5539200 0 6670 9634 10427176 2348474 8068445 8078702 0 0 0 0 38000 42486 13862719 13958002 18089 92659 10027877 9595306 10045966 9687965 X 3816753 4270037 3816753 4270037 13862719 13958002 453284 X false true X true false X Prior Year Facts and Circumstances: Thrive Foundation is a nonprofit organization exempt under IRC 501(c)(3), formed in 2013 to support Thrive Academy, a state-sponsored charter boarding school in Louisiana. While our public support percentage over the applicable five-year period is between 10% and 33?%, we believe we qualify as a publicly supported organization under the 10% facts and circumstances test, based on the following considerations:1. Nature of Support: The majority of Thrive Foundations revenue is rental income from real property leased to Thrive Academy. This arrangement directly furthers our exempt purpose of providing facilities to enable the Academy to operate and expand its educational services to underserved students. All rental terms are at or below fair market value to support the Academys mission.2. Program Services to the Public: Though our primary income source is from a single related organization, the services Thrive Academy providespublic, tuition-free boarding educationare directly beneficial to the general public, particularly underserved communities. Our facilities enable these programs to function and expand, amplifying public benefit.3. Public Accountability and Governance: Thrive Foundation is governed by an independent board of directors, composed of professionals with backgrounds in education, law, finance, and community development. The board operates separately from Thrive Academy and provides oversight and strategic guidance aligned with our exempt mission.4. Fundraising and Outreach: We maintain a program to seek additional support from the public, private donors, and grantmaking foundations. While the majority of our revenue has historically come from our rental arrangement, we continue efforts to expand our donor base, including targeted campaigns, event-based fundraising, and grant applications.5. Operational Independence: Thrive Foundation manages the development, maintenance, and leasing of real property used by Thrive Academy. We ensure the facilities meet regulatory and operational standards and provide long-term infrastructure critical to the Academys growth and sustainability. All financial decisions are made independently by our board, with separate financial controls and audits. In consideration of these facts, we respectfully request recognition as a publicly supported organization under the 10% facts and circumstances test. Thrive Foundation plays an essential role in enabling Thrive Academys charitable mission and ultimately enhances educational opportunity for the public. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1200000 1200000 8547137 1902577 6644560 393581 159439 234142 240526 240526 45932 45932 8078702 X 2578561 34839 8881 43720 2534841 2534841 2125277 34839 8881 43720 2081557 2081557 Part X : FIN48 Footnote The Foundation accounts for income taxes in accordance with FASB ASC 740-10, Accounting for Uncertainty in Income Taxes. Management believes it has no material uncertain tax positions and, accordingly has not recognized a liability for any unrecognized tax benefits. The Foundation is a non-profit Foundation that is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code.The Foundation files Form 990 in the U.S. federal jurisdiction. The Foundation is not subject to U.S. federal income tax examinations by tax authorities beyond three years from the filing of those returns. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Event Expenses reported in Part VIII $8881 Part XII, Line 2d: Other expenses and losses per audited F/S Event Expenses reported in Part VIII $8881 true true true true true true true false false false false false false false false false false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized Schedule E, Line 4 - Explanation of Records and Materials Not Maintained Schedule E, Line 5 - Explanation of Organization Discrimination by Race false Golf Tournament 46790 46790 2990 5891 46790 46790 2990 5891 8881 37909 Form 990, Part VI, Section A, Line 3 The organization delegated management duties to 4th Sector Solutions Inc. Form 990, Part VI, Section B, Line 11b A copy of the completed Form 990 is provided to the Organization's governing body before being filed with the IRS. Form 990, Part VI, Section B, Line 12c Each Board Member has to complete and sign a conflict of interest policy questionnaire each year and disclose any potential conflicts of interest. Form 990, Part VI, Section C, Line 19 The Organization has made all governing documents and financial statements available to the public upon request. Thrive Baton Rouge 2585 Brightside Dr Baton Rouge LA 70820 275473721 Operates Thrive BR school and programs LA 501(c)(3) LINE 7 N/A false Thrive Academy 2585 Brightside Dr Baton Rouge LA 70820 State sponsored charter school LA N/A false false false true false false false false false false true false false false false false false false false false Thrive Baton Rouge c 553786 Thrive Baton Rouge j 234240 Thrive Academy j 1383824