Thrive Peninsula
- Assets
- $641.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Newport News, VA
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 54-1857664
Organization Overview
Thrive Peninsula is located in Newport News, VA. The organization was established in 1998. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, Thrive Peninsula employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thrive Peninsula 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, Thrive Peninsula generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $938.2k during the year ending 12/2021. While expenses have increased by 26.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 PROVIDE EMERGENCY FINANCIAL AND FOOD ASSISTANCE TO NEEDY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL ASSISTANCE PROGRAM: 1,131 PERSONS ASSISTED WITH DELINQUENT RENTS AND UTILITIES. PROVIDED HOUSEHOLD GOODS, SCHOOL SUPPLIES, AND OTHER ESSENTIALS. PROVIDED FINANCIAL COACHING SERVICES. PROVIDED CHRISTMAS ASSISTANCE TO BENEFIT 437 CHILDREN.
PANTRY PROGRAM: SCREENED AND SERVED 8,325 PEOPLE NEEDING EMERGENCY FOOD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela York Executive Di | OfficerTrustee | 40 | $53,677 |
Ken Bradley Board Presid | OfficerTrustee | 0.5 | $0 |
Allie Wittkamp Board Treasu | OfficerTrustee | 1 | $0 |
Scott Rutter Board Secret | Trustee | 1.5 | $0 |
Jean Putnam Director | Trustee | 2.5 | $0 |
Jennifer Daknis Board 2nd Vi | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $89,376 |
| Membership dues | $0 |
| Fundraising events | $116,775 |
| Related organizations | $0 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $859,706 |
| Noncash contributions included in lines 1a–1f | $375,264 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,095,857 |
| Total Program Service Revenue | $0 |
| Investment income | $302 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$650 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,098,309 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $707,981 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $53,677 |
| Compensation of current officers, directors, key employees. | $13,419 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,897 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,484 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $656 |
| Advertising and promotion | $210 |
| Office expenses | $10,471 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,949 |
| 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 | $5,097 |
| Insurance | $1,327 |
| All other expenses | $0 |
| Total functional expenses | $938,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,303 |
| Savings and temporary cash investments | $250,286 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $60,760 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $162,406 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,709 |
| Total assets | $641,464 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,164 |
| Total liabilities | $3,164 |
| Net assets without donor restrictions | $638,300 |
| 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 | $641,464 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Thrive Peninsula has recieved totaling $255,939.
| Awarding Organization | Amount |
|---|---|
United Way Of The Virginia Peninsula Yorktown, VA PURPOSE: To partner with UWVP in reducing evictions | $189,097 |
Bernardine Franciscan Sisters Foundation Inc Newport News, VA PURPOSE: SEE STMT 16 SEC IV | $25,000 |
St Johns Church Charitable Tr Hampton, VA PURPOSE: To aid in providing food, emergency rent, and utility assistance. | $15,000 |
Langley For Families - The Foundation Of Lfcu Newport News, VA PURPOSE: CONTRIBUTED FUNDS TO LOCAL 501(C)(3) ORGANIZATIONS TO PROVIDE THE UNDERSTANDING OF FINANCIAL LITERACY IN THE COMMUNITY & CONTRIBUTED FUNDS TO ASSIST LOCAL 501(C)(3) HOUSING AND HUMAN SERVICE ORGANIZATIONS THAT PROVIDE FOOD, ASSIST WITH ELDERLY CARE AND MEALS, ADDRESS HOMELESS HOUSING INITIATIVES, PROVIDE ASSISTANCE TO VETERANS, PROVIDE ASSISTANCE AND SHELTER TO BATTERED WOMEN AND ABUSED WOMEN, AND PROVIDE AFTER SCHOOL PROGRAM FOR AT-RISK CHILDREN. | $12,100 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Miller Oil Foundation Norfolk, VA PURPOSE: COMMUNITY OUTREACH | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Soles 4 Souls Old Hickory, TN | $32,677,835 | $92,759,575 |
Some Inc Washington, DC | $136,134,386 | $61,849,490 |
Crisis Assistance Ministry Charlotte, NC | $9,210,179 | $12,946,602 |
Blessings In A Backpack Inc Louisville, KY | $14,548,161 | $11,518,539 |
Urban Ministries Of Wake County Inc Raleigh, NC | $7,262,423 | $11,747,038 |
Hca Hope Fund Nashville, TN | $21,200,285 | $11,328,129 |
Mercy Chefs Inc Portsmouth, VA | $5,186,203 | $10,305,611 |
Together Rising Falls Church, VA | $3,141,872 | $7,574,993 |
Graceworks Ministries Inc Franklin, TN | $5,757,602 | $9,107,244 |
Food For Others Inc Fairfax, VA | $7,441,575 | $8,993,169 |
Loaves & Fishes - Friendship Trays Inc Charlotte, NC | $17,869,265 | $11,460,660 |
Area Congregations In Ministry Oxford, NC | $198,194 | $6,149,344 |