Thrive Memphis
- Assets
- $384.3k
- Revenue
- $501.6k
- Investments
- $0.0
- Employees
- 22
- Location
- Memphis, TN
- Founding
- 12/2008
- Data as of
- 12/2021
- EIN
- 26-2223237
Organization Overview
Thrive Memphis, operating under the name (formerly The Exceptional Foundation Of W Tn), is located in Memphis, TN. The organization was established in 2008. According to its NTEE Classification (P71) the organization is classified as: Adult Day Care, under the broad grouping of Human Services and related organizations. As of 12/2021, (formerly The Exceptional Foundation Of W Tn) employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. (formerly The Exceptional Foundation Of W Tn) is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, (formerly The Exceptional Foundation Of W Tn) generated $501.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $334.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE LIVES OF THE DEVELOPMENTALLY CHALLENGED BY MEETING THEIR SOCIAL,RECREATIONAL AND CONTINUING EDUCATIONAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL AND RECREATIONAL ACTIVITIES PROVIDED INCLUDE AFTER-SCHOOL PROGRAMMING, WEEKEND EVENTS, SUMMER CAMP AND DAY PROGRAMS.
SOCIAL AND RECREATIONAL ACTIVITIES PROVIDED INCLUDE AFTER-SCHOOL PROGRAMMING, WEEKEND EVENTS, SUMMER CAMP AND DAY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jo Anne Fusco Executive Director | Officer | 40 | $86,277 |
Allan Hensley Treasurer | OfficerTrustee | 2 | $0 |
Marla Mounce Chairman | OfficerTrustee | 2 | $0 |
Jodi Runger Director | OfficerTrustee | 2 | $0 |
Katherine Gray Director | Trustee | 2 | $0 |
Christy Mullally Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $114,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,484 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,859 |
| Total Program Service Revenue | $129,887 |
| Investment income | $433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $59,742 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $501,619 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $86,277 |
| Compensation of current officers, directors, key employees. | $34,511 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,403 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $570 |
| Office expenses | $4,952 |
| Information technology | $1,620 |
| Royalties | $0 |
| Occupancy | $45,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,962 |
| Insurance | $18,076 |
| All other expenses | $27,041 |
| Total functional expenses | $333,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,075 |
| Savings and temporary cash investments | $249,509 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,240 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,000 |
| Net Land, buildings, and equipment | $30,512 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $384,336 |
| Accounts payable and accrued expenses | $11,742 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,742 |
| Net assets without donor restrictions | $372,594 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $384,336 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Thrive Memphis has recieved totaling $8,348.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $7,750 |
Self Foundation Marks, MS PURPOSE: GENERAL | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $98 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adult Center For Enrichment Inc Greensboro, NC | $2,389,034 | $4,332,250 |
New Life Tn Winchester, TN | $5,951,032 | $3,273,560 |
Puzzle Pieces Inc Owensboro, KY | $1,154,236 | $3,167,292 |
Arc Of St Clair County Pell City, AL | $314,974 | $1,916,429 |
Charles House Association Chapel Hill, NC | $2,713,199 | $1,972,465 |
Circle Center Adult Day Services Richmond, VA | $3,477,648 | $1,159,129 |
The Arc Of Southwest Alabama Chatom, AL | $1,898,814 | $2,029,136 |
Shalom Farms Richmond, VA | $1,427,552 | $1,396,079 |
Rainbow Abilities Center Inc Union, MO | $2,446,765 | $1,140,928 |
Adult Care Center Of Roanoke Valley Inc Salem, VA | $1,151,650 | $903,901 |
Paulding Enterprises Inc Dallas, GA | $1,352,935 | $887,582 |
Rosswoods Inc Dalton, GA | $2,212,405 | $878,180 |