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← STRIVE FOUNDATION

Form 990 for tax year 2023

Filed by STRIVE FOUNDATION.

Totals

Total revenue
$1,487,897
Total expenses
$1,119,597
Contributions and grants received
$1,413,189
Grants paid
$0
Program service revenue
$17,422
Investment income
$57,286
Other revenue
$0
Total assets, end of year
$3,496,956
Total liabilities, end of year
$2,070
Net assets or fund balances, end of year
$3,494,886
Program services expenses (Part IX)
$1,037,672
Management and general expenses
$65,461
Fundraising expenses
$16,464
Program service expenses (Part III)
$1,037,672

Program services were 92.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,413,189

  • 2a · Program service revenue: IN-HOUSE SALE OF SNACK

    total $11,887 · related or exempt $11,887

  • 2b · Program service revenue: STUDENT REGISTRATION

    total $5,535 · related or exempt $5,535

  • 3 · Investment income

    total $57,286 · excluded $57,286

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $131,731 · program services $106,731 · management and general $12,500 · fundraising $12,500

  • 7 · Other salaries and wages

    total $536,286 · program services $527,850 · management and general $8,436

  • 8 · Pension plan contributions

    total $17,043 · program services $16,190 · management and general $534 · fundraising $319

  • 9 · Other employee benefits

    total $7,025 · program services $6,673 · management and general $220 · fundraising $132

  • 10 · Payroll taxes

    total $54,146 · program services $51,436 · management and general $1,697 · fundraising $1,013

  • 11c · Fees: accounting

    total $29,730 · management and general $29,730

  • 16 · Occupancy

    total $23,706 · program services $22,521 · management and general $1,185

  • 22 · Depreciation, depletion and amortization

    total $49,979 · program services $47,480 · management and general $2,499

  • 23 · Insurance

    total $14,389 · program services $13,670 · management and general $719

  • 24a · Other expenses: PROGRAM MATERIAL, SUPPL

    total $221,184 · program services $221,184 · management and general $0 · fundraising $0

  • 24b · Other expenses: REPAIRS

    total $12,977 · program services $12,328 · management and general $649 · fundraising $0

  • 24c · Other expenses: LANDSCAPING

    total $4,741 · program services $3,556 · management and general $1,185 · fundraising $0

  • 24d · Other expenses: PROPERTY SUPPLIES

    total $4,233 · program services $4,021 · management and general $212 · fundraising $0

  • 24e · All other expenses

    total $12,427 · program services $4,032 · management and general $5,895 · fundraising $2,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $945,938 · end of year $1,403,164

  • 3 · Pledges and grants receivable

    end of year $140,000

  • 10a · Land, buildings and equipment: cost or other basis

    $1,697,931

  • 10b · Land, buildings and equipment: accumulated depreciation

    $382,269

  • 10c · Land, buildings and equipment, net

    beginning of year $1,233,415 · end of year $1,315,662

  • 11 · Investments: publicly traded securities

    beginning of year $863,554 · end of year $625,173

  • 15 · Other assets

    beginning of year $12,818 · end of year $12,957

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $2,070

  • 27 · Net assets without donor restrictions

    beginning of year $2,906,528 · end of year $3,182,290

  • 28 · Net assets with donor restrictions

    beginning of year $149,197 · end of year $312,596

Mission and programs · 2023

Mission

STRIVE FOUNDATION'S PRIMARY MISSION IS TO PROVIDE EXEMPLARY ACADEMIC AND GUIDANCE TO CHILDREN, YOUTH AND THEIR FAMILIES IN THE WATTS COMMUNITY OF LOS ANGELES. THE STRIVE FOUNDATION PROVIDES EDUCATION, SUPPORT AND DEVELOPMENT IN READING, WRITING AND ENGLISH LITERACY; MATH AND COGNITIVE SKILLS; COMPUTER AND INFORMATION LITERACY; CULINARY AND ARTS; PROTEGE RESOURCES; DEVELOPMENT OF THE MORAL, CREATIVE AND ENTREPRENEURIAL SPIRIT.

Activities or mission (Part I)

TO PROVIDE EXEMPLARY ACADEMIC GUIDANCE TO CHILDREN, YOUTH & THEIR FAMILIES IN THE WATTS/LOS ANGELES COMMUNITY. STRIVE PROVIDES EDUCATION AND SUPPORT IN DEVELOPMENT IN READING, WRITING & ENGLISH LITERACY; MATH & COGNITIVE SKILL; COMPUTER AND INFORMATION LITERACY; CULINARY & ARTS; PROTEGE RESOURCES; DEVELOPMENT OF THE MORAL, CREATIVE & THE ENTREPRENEURIAL SPIRIT.

  • THE STRIVE FOUNDATION PROVIDES FOR AN ACADEMY-LEARNING ENVIRONMENT; AND, FROM A CHARACTER-IS-PARAMOUNT PERSPECTIVE, THE STRIVE FOUNDATION HELPS CHILDREN ACHIEVE READING, WRITING, ENGLISH-LANGUAGE FLUENCY AND MATH SKILLS PROFICIENCY IN THEIR GRADE LEVEL. STRIVE'S MISSION IS TO PROVIDE A SANCTUARY OF INSTRUCTOR, GUIDANCE & RESOURCES THAT BETTER EQUIP CHILDREN TO NAVIGATE THROUGH THE PROBLEMS THEY FACE IN THEIR CHALLENGING COMMUNITIY OF WATTS AND BEYOND. STRIVE SERVES APPROXIMATELY 140 STUDENTS DAILY. IN 2021, STRIVE IMPROVED STAFF TRAINING AND DEVELOPMENT. THEY ALSO COMPLETED THE ACQUISITION OF THE ADJOINING PROPERTY TO FACILITATE PROGRAM EXPANSION.

    Expenses $1,037,672 · Revenue $57,286

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Donald Anderson Jr

    VICE-PRESIDENT

    Total calculated
    $31,731
    From this org
    $31,731
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Claire Cacciapaglia

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • John Coghlin Emeritus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Austin Dragon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Esenia Fombona

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jack Gample

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Larry Sand

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jim Tetreau

    PRESIDENT

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Emada Tingirides

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Howard Waldow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Gary L Wilson Emeritus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • John Wood Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Scott Coles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202403139349303325

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