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Nonprofiteer
← THRIVE SCHOLARS

Form 990 for tax year 2024

Filed by THRIVE SCHOLARS.

Totals

Total revenue
$16,967,734
Total expenses
$18,829,859
Contributions and grants received
$16,889,188
Grants paid
$4,189,601
Program services expenses (Part IX)
$14,741,380
Management and general expenses
$1,724,156
Fundraising expenses
$2,364,323
Program service expenses (Part III)
$14,741,380

Program services were 78.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • STEVE STEIN

    CHIEF EXECUTIVE OFFICER UNTIL 08/24

    Total calculated
    $433,801
    From this org
    $404,742
    From related orgs
    $0
    Other
    $29,059
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,350
    Bonus
    $100,000
    Other
    $105,392
    Deferred
    $8,369
    Nontaxable benefits
    $20,690
    Filer's total
    $433,801
  • TYRA MONTINA

    PRESIDENT & COO UNTIL 12/24

    Total calculated
    $397,828
    From this org
    $325,145
    From related orgs
    $0
    Other
    $72,683
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,378
    Bonus
    $0
    Other
    $65,767
    Deferred
    $9,870
    Nontaxable benefits
    $62,813
    Filer's total
    $397,828
  • AVA ARCHIBALD

    CHF. EQU. & INCL. OFFI. UNTIL 12/24

    Total calculated
    $318,760
    From this org
    $261,443
    From related orgs
    $0
    Other
    $57,317
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,170
    Bonus
    $4,000
    Other
    $47,273
    Deferred
    $6,637
    Nontaxable benefits
    $50,680
    Filer's total
    $318,760
  • RAYNISE SMITH

    CHIEF PROGRAM OFFICER

    Total calculated
    $258,483
    From this org
    $206,000
    From related orgs
    $0
    Other
    $52,483
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,000
    Bonus
    $0
    Other
    $0
    Deferred
    $6,073
    Nontaxable benefits
    $46,410
    Filer's total
    $258,483
  • AMANDA FOSTER

    CHIEF FINANCIAL OFFICER UNTIL 06/25

    Total calculated
    $239,118
    From this org
    $190,281
    From related orgs
    $0
    Other
    $48,837
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,281
    Bonus
    $0
    Other
    $0
    Deferred
    $4,550
    Nontaxable benefits
    $44,287
    Filer's total
    $239,118
  • LISA LOVETT

    MANAGING DIR., CAREER PATHWAYS

    Total calculated
    $213,154
    From this org
    $185,454
    From related orgs
    $0
    Other
    $27,700
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,454
    Bonus
    $0
    Other
    $0
    Deferred
    $5,598
    Nontaxable benefits
    $22,102
    Filer's total
    $213,154
  • MARCIE PEREZ

    MANAGING DIR. OF COMM. & CONTENT

    Total calculated
    $225,962
    From this org
    $184,881
    From related orgs
    $0
    Other
    $41,081
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,881
    Bonus
    $0
    Other
    $0
    Deferred
    $5,674
    Nontaxable benefits
    $35,407
    Filer's total
    $225,962
  • RACHANA VYAS

    SENIOR DIR., LIFE SCIENCES

    Total calculated
    $210,479
    From this org
    $181,537
    From related orgs
    $0
    Other
    $28,942
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,537
    Bonus
    $0
    Other
    $0
    Deferred
    $5,237
    Nontaxable benefits
    $23,705
    Filer's total
    $210,479
  • MARTHA SANCHEZ

    MAJOR GIFTS OFFICER

    Total calculated
    $196,672
    From this org
    $170,483
    From related orgs
    $0
    Other
    $26,189
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,483
    Bonus
    $0
    Other
    $0
    Deferred
    $5,031
    Nontaxable benefits
    $21,158
    Filer's total
    $196,672
  • CAVAR DEWAYNE REID

    MANAGING DIR. OF HS & COLLEGE PRGM

    Total calculated
    $198,499
    From this org
    $169,867
    From related orgs
    $0
    Other
    $28,632
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,867
    Bonus
    $0
    Other
    $0
    Deferred
    $5,044
    Nontaxable benefits
    $23,588
    Filer's total
    $198,499
  • DREW MARTIN

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $128,513
    From this org
    $117,711
    From related orgs
    $0
    Other
    $10,802
    Hours/week
    40
  • KYLE MEACHAM

    CHIEF OPERATING OFFICER AS OF 07/25

    Total calculated
    $0
    Hours/week
    40
  • MARTIN JACOBS

    CHAIR

    Total calculated
    $0
    Hours/week
    3
  • CALLUM HENDERSON

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • RUSSELL STEIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    3
  • PHILLIP AUBREY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • BRIAN LENIHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • TIFFANIE BOYD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • PAT KIRBY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • SEAN LOGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • JESSICA PEREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • BRIAN BARON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • MIRIAM DANIEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • EVA DE LA ROSA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • VINCENT SHORTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • GREG WILLIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • ALEJANDRO DELGADO

    DIRECTOR AS OF 04/25

    Total calculated
    $0
    Hours/week
    2
  • AZUCENA FLORES

    DIRECTOR AS OF 04/25

    Total calculated
    $0
    Hours/week
    2
  • NEIL MALIK

    DIRECTOR AS OF 04/25

    Total calculated
    $0
    Hours/week
    2
  • CLARENCE WOOTEN

    DIRECTOR AS OF 01/25

    Total calculated
    $0
    Hours/week
    2
  • VANESSA GONZALEZ-LOPEZ

    DIRECTOR UNTIL 2024

    Total calculated
    $0
    Hours/week
    2
  • JOAN HERMAN

    DIRECTOR UNTIL 02/25

    Total calculated
    $0
    Hours/week
    2
  • RICK HESS

    DIRECTOR UNTIL 02/25

    Total calculated
    $0
    Hours/week
    2

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 — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
TYRA MONTINA ENTERED INTO AN AGREEMENT UPON THE CONCLUSION OF HER TERM OF OFFICE AS PRESIDENT & COO THAT INCLUDED A SEPARATION PAYMENT OF $51,500 AND AN UNUSED PTO PAYMENT OF $14,267, WHICH WERE DISBURSED BETWEEN THE SIGNING OF THE AGREEMENT ON DECEMBER 20TH, 2024 THROUGH DECEMBER 31ST, 2024. AVA ARCHIBALD ENTERED INTO AN AGREEMENT UPON THE CONCLUSION OF HER TERM OF OFFICE AS CHIEF EQUITY & INCLUSION OFFICER THAT INCLUDED A SEPARATION PAYMENT OF $30,588 AND AN UNUSED PTO PAYMENT OF $16,685, WHICH WERE DISBURSED BETWEEN THE SIGNING OF THE AGREEMENT ON DECEMBER 10TH, 2024 THROUGH DECEMBER 31ST, 2024. STEVE STEIN ENTERED INTO AN AGREEMENT UPON THE CONCLUSION OF HIS TERM OF OFFICE AS CHIEF EXECUTIVE OFFICER THAT INCLUDED A SEPARATION PAYMENT OF $75,000 AND AN UNUSED PTO PAYMENT OF $30,392, WHICH WERE DISBURSED AS OF THE TERMINATION DATE OF AUGUST 1ST, 2024.
PART I, LINE 7
STEVE STEIN, CHIEF EXECUTIVE OFFICER, RECEIVED $100,000 IN RETENTION BONUSES. AVA ARCHIBALD, CHIEF EQUITY & INCLUSION OFFICER, RECEIVED A $4,000 BONUS BASED ON HER PERFORMANCE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
1 July 2026
IRS schema version
2024v5.5
Source object
202601889349300405

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