Thrive Center Inc
- Assets
- $58.3k
- Revenue
- $341.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Louisville, KY
- Founding
- 02/2018
- Data as of
- 12/2022
- EIN
- 81-3636925
Organization Overview
Thrive Center Inc is located in Louisville, KY. The organization was established in 2018. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2022, Thrive Center Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thrive Center Inc 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 12/2022, Thrive Center Inc generated $341.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $312.0k during the year ending 12/2022. While expenses have increased by 10.1% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SPOTLIGHT INNOVATION, PROMOTE HEALTHY AGING, AND ENHANCE THE QUALITY OF LIFE FOR THOSE AGED 50+.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THRIVE CENTER WAS DEVELOPED TO SPOTLIGHT INNOVATION AND PROMOTE HEALTHY AGING FOR THOSE AGED 50+ THROUGH THE USE OF TECHNOLOGY AND EDUCATION. THE THRIVE CENTER FOCUSES ON INNOVATIVE PRODUCTS, DYNAMIC PROGRAMMING FOR ELDERS, AND CLINICAL ASSESSMENT TOOLS USING CUTTING-EDGE INNOVATION AND TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris Hansen Past Chair | Trustee | 1 | $0 |
Mary Haynes Chair | Trustee | 1 | $0 |
Gary Charland Vice Chair | Trustee | 1 | $0 |
John Reinhart Treasurer | Trustee | 1.5 | $0 |
Jon Karl Director | Trustee | 1 | $0 |
Carl Goodfriend Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,542 |
| All other contributions, gifts, grants, and similar amounts not included above | $247,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $341,702 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $341,702 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,946 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,012 |
| Office expenses | $2,358 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $106,912 |
| Travel | $10,164 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $704 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,772 |
| All other expenses | $3,366 |
| Total functional expenses | $311,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,183 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,000 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $5,159 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $58,342 |
| Accounts payable and accrued expenses | $47,002 |
| Grants payable | $0 |
| Deferred revenue | $3,334 |
| 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 | $137,786 |
| Total liabilities | $188,122 |
| Net assets without donor restrictions | -$129,780 |
| 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 | $58,342 |