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← THRIVE NEW ORLEANS

Form 990 for tax year 2024

Filed by THRIVE NEW ORLEANS.

Totals

Total revenue
$3,027,032
Total expenses
$3,364,299
Contributions and grants received
$2,686,808
Grants paid
$0
Program service revenue
$318,135
Investment income
$6,952
Other revenue
$15,137
Total assets, end of year
$2,116,689
Total liabilities, end of year
$2,121,243
Net assets or fund balances, end of year
-$4,554
Program services expenses (Part IX)
$2,590,275
Management and general expenses
$774,024
Fundraising expenses
$0
Program service expenses (Part III)
$2,590,275

Program services were 77.0% 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

    $2,686,808

  • 2a · Program service revenue: PROGRAM INCOME

    total $318,135 · related or exempt $318,135

  • 3 · Investment income

    total $6,952 · excluded $6,952

  • 11a · Other revenue: OTHER

    total $15,137 · related or exempt $15,137

  • 11e · Other revenue, total

    $15,137

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,328,343 · program services $802,992 · management and general $525,351

  • 10 · Payroll taxes

    total $102,586 · program services $60,508 · management and general $42,078

  • 11b · Fees: legal

    total $1,078 · management and general $1,078

  • 11c · Fees: accounting

    total $32,400 · management and general $32,400

  • 12 · Advertising and promotion

    total $1,512 · management and general $1,512

  • 13 · Office expenses

    total $115,422 · program services $114,418 · management and general $1,004

  • 14 · Information technology

    total $20,854 · program services $13,177 · management and general $7,677

  • 16 · Occupancy

    total $258,683 · program services $258,539 · management and general $144

  • 19 · Conferences, conventions and meetings

    total $16,408 · program services $15,308 · management and general $1,100

  • 20 · Interest

    total $75,485 · program services $48,803 · management and general $26,682

  • 22 · Depreciation, depletion and amortization

    total $95,036 · program services $58,504 · management and general $36,532

  • 23 · Insurance

    total $101,683 · program services $43,884 · management and general $57,799

  • 24a · Other expenses: PROFESSIONAL FEES

    total $796,614 · program services $771,525 · management and general $25,089

  • 24b · Other expenses: OTHER

    total $337,004 · program services $335,584 · management and general $1,420

  • 24c · Other expenses: FOOD, MEALS, ENTERTAINMEN

    total $26,091 · program services $22,609 · management and general $3,482

  • 24d · Other expenses: LICENSE, FEES AND PERMITS

    total $18,688 · program services $18,307 · management and general $381

  • 24e · All other expenses

    total $36,412 · program services $26,117 · management and general $10,295

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $472,512 · end of year $193,132

  • 4 · Accounts receivable

    beginning of year $820,154 · end of year $508,224

  • 8 · Inventories for sale or use

    beginning of year $21,563 · end of year $12,612

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,274

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

    $1,811,706

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

    $482,947

  • 10c · Land, buildings and equipment, net

    beginning of year $1,118,562 · end of year $1,328,759

  • 15 · Other assets

    beginning of year $44,453 · end of year $73,962

  • 17 · Accounts payable and accrued expenses

    beginning of year $510,395 · end of year $362,863

  • 19 · Deferred revenue

    beginning of year $5,052

  • 23 · Secured mortgages and notes payable

    beginning of year $1,604,885 · end of year $1,750,130

  • 25 · Other liabilities

    beginning of year $50,668 · end of year $8,250

  • 27 · Net assets without donor restrictions

    beginning of year $358,518 · end of year -$449,871

  • 28 · Net assets with donor restrictions

    end of year $445,317

Mission and programs · 2024

Mission

THRIVE NEW ORLEANS' VISION IS TO CREATE AN EQUITABLE AND RESILIENT CITY WHERE INDIVIDUALS, FAMILIES, AND NEIGHBORHOODS CAN MOVE FROM SURVIVAL TO THRIVING, WITH AN EMPHASIS ON ECONOMIC OPPORTUNITY AND ENVIRONMENTAL STABILITY. THIS INVOLVES BUILDING A SKILLED WORKFORCE, SUPPORTING SMALL BUSINESSES, AND FOSTERING COMMUNITY THROUGH SUSTAINABLE DEVELOPMENT AND RACIAL EQUITY INITIATIVES.

  • AFFORDABLE HOUSING - ENSURING THAT LOW AND MODERATE-INCOME FAMILIES HAVE ACCESS TO SAFE AND AFFORDABLE HOUSING OPTIONS.

    Expenses $2,590,275 · Revenue $318,135

  • COMMUNITY SERVICES - PROVIDE FINANCIAL LITERACY, JOB TRAINING CLASSES AND ENTREPRENEURSHIP TRAINING. PROVIDE 185 HOURS OF SMALL BUSINESS TRAINING FOR UNDERSERVED URBAN ENTREPRENEURS THROUGH LAUNCH NOLA PROGRAM. PROVIDE SUMMER INTERNSHIP FOR 3 PARTICIPANTS THROUGH LEADERSHIP DEVELOPMENT PROGRAM.

  • THRIVEWORKS GREEN, OUR WORKSFORCE TRAINING PROGRAM, TRAINS BIPOC INDIVIDUALS FOR CAREERS IN THE SMGI INDUSTRY AND CONNECTS THEM TO LIVING- WAGE JOBS. OUR 8 WEEK PAID COHORT MODEL PROVIDES INDIVIDUALS WITH TECHNICAL SKILLS, HANDS-ON TRAINING AND APPRENTICESHIPS FOR LONG-TERM SUCESS IN THE FIELD. BY GIVING PARTICIPANTS A LIVING-WAGE STIPEND, WE ADDRESS BARRIERS THAT IMPACT EQUITABLE ACCESS TO JOB TRAINING. CERTIFICATION: CLEAN WATER CERTIFICATE (CWC), OSHA 10, TRANSPORTATION WORKER IDENTIFICATION CREDENTIAL (TWIC), NATIONAL CENTER FOR CONSTRUCTION EDUCATION AND RESEARCH (NCCER), HEAVY EQUIPMENT (HET), FORKLIFT, COMMERCIAL DRIVER'S LICENSE (CDL), AND HORTICULTURE. OUR EQUITY-FORCED PROGRAM OFFERS THE SUPPORT OF A CAREER COACH, A LIFE COACH, A MENTAL HEALTH PROFESSIONAL, A SUBSTANCE ABUSE COUNSELOR, JOB PLACEMENT SPECIALIST, AND A POSTGRADUATE COACH.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Clarence Morse

    EXECUTIVE DI

    Total calculated
    $162,558
    From this org
    $162,558
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,558
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $162,558
  • Whitney Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Toni Dixon

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Kristen House

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Fred Luter Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ben McLeish

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Bruce McLue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Larry Welch

    DIRECTOR

    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, and on a Form 990-PF Part VIII's — 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
5 November 2025
IRS schema version
2024v5.0
Source object
202503219349318260

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