STRIVE FOUNDATION

EIN: 330411257 501(c)(3) Youth Development

LOS ANGELES, CA

Total Revenue
$3,330,017
Total Expenses
$1,700,335
Total Assets
$5,212,938
Net Assets
$5,193,065
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
CA
Principal Officer
JAMES E TETREAU
Phone
3237791064
Tax Period
2024-01-01 to 2024-12-31

STRIVE FOUNDATION, founded in 1991, is a community nonprofit in the Youth Development sector that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 124% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 49% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $1,449,621 Revenue: $22,790

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...

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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 COMMUNITY OF WATTS AND BEYOND. STRIVE SERVES APPROXIMATELY 157 STUDENTS DAILY WITH AN ADDITIONAL 126 STUDENTS ON SCHOLARSHIP RANGING FROM 1ST GRADE THROUGH COLLEGE. WE ALSO HAVE 17 STUDENTS IN OUR YOUTH CHOIR PROGRAM AND 50 STUDENTS IN OUR GUITAR CLASS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,207,716
Program Service Revenue $22,790
Investment Income $99,511
Other Revenue $0
TOTAL REVENUE $3,330,017

Expense Breakdown

Grants Paid $0
Salaries & Benefits $814,947
Fundraising Expenses $65,973
Program Expenses $1,449,621
Other Expenses $885,388
TOTAL EXPENSES $1,700,335

Year-over-Year Comparison

2024 2023 Change
Revenue $3,330,017 $1,487,897 +1.2%
Expenses $1,700,335 $1,119,597 +0.5%
Net Income $1,629,682 $368,300 +3.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
17
Independent Members
16
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$115,342
Total Directors
18
$115,342
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM TETREAU PRESIDENT 40.00
Officer Director
$115,342 $0 $115,342
CLAIRE CACCIAPAGLIA BOARD CHAIR 4.00
Director
$0 $0 $0
ANDREW CHUNG DIRECTOR 0.50
Director
$0 $0 $0
GRAHAM CULP DIRECTOR 0.50
Director
$0 $0 $0
RITA DEVER DIRECTOR 0.50
Director
$0 $0 $0
AUSTIN DRAGON DIRECTOR 0.50
Director
$0 $0 $0
ESENIA FOMBONA DIRECTOR 0.50
Director
$0 $0 $0
JACK GAMPLE DIRECTOR 0.50
Director
$0 $0 $0
BANYON HUTTER DIRECTOR 0.50
Director
$0 $0 $0
BRIDGET GLESS KELLER DIRECTOR 0.50
Director
$0 $0 $0
HEALTHER LUCAS DIRECTOR 0.50
Director
$0 $0 $0
BRET NIELSEN DIRECTOR 0.50
Director
$0 $0 $0
LARRY SAND DIRECTOR 0.50
Director
$0 $0 $0
EMADA TINGIRIDES DIRECTOR 0.50
Director
$0 $0 $0
HOWARD WALDOW DIRECTOR 0.50
Director
$0 $0 $0
JOHN WOOD JR DIRECTOR 0.50
Director
$0 $0 $0
GARY L WILSON EMERITUS DIRECTOR 0.50
Director
$0 $0 $0
JOHN COGHLIN EMERITUS DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $3,330,017 $1,700,335 $5,212,938 $1,629,682
2023 $1,487,897 $1,119,597 $3,496,956 $368,300
2022 $1,036,385 $908,238 $3,055,725 $128,147
2021 $1,290,214 $680,375 $3,025,422 $609,839
2020 $1,166,044 $685,347 $2,268,425 $480,697
2019 $825,401 $684,964 $1,719,672 $140,437
2018 $720,989 $604,180 $1,510,949 $116,809
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