THRIVE SCHOLARS

EIN: 455619310 501(c)(3) Education

LOS ANGELES, CA

Total Revenue
$18,456,224
Total Expenses
$21,773,451
Total Assets
$8,721,527
Net Assets
$6,018,352
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
CA
Principal Officer
AMANDA FOSTER
Phone
6175004449
Tax Period
2023-09-01 to 2024-08-31

THRIVE SCHOLARS, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $18.5M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $21.8M exceeded revenue, resulting in a 18% operating deficit.

Mission

WE PROVIDE HIGH-ACHIEVING STUDENTS FROM UNDER-RESOURCED COMMUNITIES THE OPPORTUNITIES THEY NEED TO THRIVE AT TOP COLLEGES AND IN MEANINGFUL CAREERS.

Program Service Accomplishments

Program 1
Expenses: $17,211,173 Revenue: $0

THRIVE SCHOLARS HAS ACHIEVED TREMENDOUS RESULTS IN SUPPORTING SCHOLARS TO ENROLL IN TOP COLLEGES, EARN GREAT GRADES, AND GRADUATE CAREER-READY. OUR RESULTS WITHIN THE LAST TWO YEARS SHOW THAT AT...

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THRIVE SCHOLARS HAS ACHIEVED TREMENDOUS RESULTS IN SUPPORTING SCHOLARS TO ENROLL IN TOP COLLEGES, EARN GREAT GRADES, AND GRADUATE CAREER-READY. OUR RESULTS WITHIN THE LAST TWO YEARS SHOW THAT AT LEAST 92% OF THRIVE SCHOLARS ARE ATTENDING A TOP COLLEGE, 40% ARE GOING TO AN IVY LEAGUE+ SCHOOL (DEFINED AS THE IVY LEAGUE PLUS STANFORD, MIT, THE UNIVERSITY OF CHICAGO, AND DUKE), AND 98% GRADUATED FROM COLLEGE WITHIN SIX YEARS. OUR SCHOLARS HAVE AN AVERAGE GPA OF 3.5 UPON COLLEGE GRADUATION; 81% OF STEM SCHOLARS PERSISTED AND GRADUATED WITH A STEM DEGREE, AND OUR FIRST-YEAR COLLEGE SCHOLARS FINISHED THEIR FRESHMAN YEAR WITH AN AVERAGE GPA OF 3.4. OUR SCHOLARS ARE OUTPERFORMING THE GENERAL POPULATION AT TOP COLLEGES, NOT JUST SIMILAR HIGH-ACHIEVING, ECONOMICALLY DISADVANTAGED, FIRST-GENERATION STUDENTS OF COLOR. THRIVE SCHOLARS ARE 10% MORE LIKELY TO GRADUATE FROM COLLEGE THAN STUDENTS AT THESE HIGHLY RANKED COLLEGES, THEY ARE ALSO 18% MORE LIKELY TO PURSUE A STEM MAJOR AND 45% MORE LIKELY TO PERSIST IN THAT STEM MAJOR THAN STUDENTS AT HIGHLY RANKED COLLEGES.WE ATTRIBUTE THIS SUCCESS LARGELY TO OUR SIGNATURE SUMMER ACADEMY, A ROBUST 6-WEEK ACADEMIC PROGRAM DESIGNED TO DEMYSTIFY THE COLLEGE EXPERIENCE AND EXPOSE FIRST-GENERATION STUDENTS TO THE RIGORS OF COLLEGE. SINCE ITS INCEPTION, RESULTS HAVE BEEN OVERWHELMING: OUR SCHOLARS' GPAS INCREASED FROM 2.9 TO 3.45 STEM PERSISTENCE ROSE FROM 20% TO 71%, AND 6-YEAR GRADUATION RATES INCREASED FROM 90% TO 99%.

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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 (2023)

Revenue Breakdown

Contributions & Grants $18,382,714
Program Service Revenue $0
Investment Income $73,510
Other Revenue $0
TOTAL REVENUE $18,456,224

Expense Breakdown

Grants Paid $4,709,628
Salaries & Benefits $12,304,490
Fundraising Expenses $2,982,760
Program Expenses $17,211,173
Other Expenses $4,759,333
TOTAL EXPENSES $21,773,451

Year-over-Year Comparison

2023 2022 Change
Revenue $18,456,224 $21,264,461 -0.1%
Expenses $21,773,451 $20,107,721 +0.1%
Net Income $-3,317,227 $1,156,740 -3.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
14
Employees
279
Volunteers
312

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
7
$1,304,138
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTIN JACOBS CHAIR 3.00
Officer Director
$0 $0 $0
CALLUM HENDERSON TREASURER 3.00
Officer Director
$0 $0 $0
RUSSELL STEIN SECRETARY 3.00
Officer Director
$0 $0 $0
SEAN LOGAN DIRECTOR 2.00
Director
$0 $0 $0
BRIAN LENIHAN DIRECTOR 2.00
Director
$0 $0 $0
JIM LONDON DIRECTOR 2.00
Director
$0 $0 $0
TRISHA LONDON DIRECTOR 2.00
Director
$0 $0 $0
JESSICA PEREZ DIRECTOR 2.00
Director
$0 $0 $0
PAT KIRBY DIRECTOR 2.00
Director
$0 $0 $0
EVELYN HOU DIRECTOR 2.00
Director
$0 $0 $0
RICK HESS DIRECTOR 2.00
Director
$0 $0 $0
JOAN HERMAN DIRECTOR 2.00
Director
$0 $0 $0
VANESSA GONZALEZ-LOPEZ DIRECTOR 2.00
Director
$0 $0 $0
TIFFANIE BOYD DIRECTOR 2.00
Director
$0 $0 $0
RENITA SMITH DIRECTOR 2.00
Director
$0 $0 $0
PHILLIP AUBREY DIRECTOR 2.00
Director
$0 $0 $0
PEDRO GOMEZ DIRECTOR (UNTIL 10/2023) 2.00
Director
$0 $0 $0
STEVE STEIN CHIEF EXECUTIVE OFFICER 40.00
Officer
$422,859 $20,046 $442,905
ANA ARCHIBALD PRESIDENT AND CEO 40.00
Officer
$318,353 $9,047 $327,400
TYRA MONTINA CHIEF OPERATING OFFICER 40.00
Officer
$255,401 $26,732 $282,133
AVA ARCHIBALD CHIEF EQUITY AND INCLUSION OFFICER 40.00
Officer
$222,969 $28,731 $251,700
MARCIE PEREZ MANAGING DIRECTOR OF COMMU 40.00
Highest
$185,420 $14,720 $200,140
KERRY WATERSON MANAGING DIRECTOR OF REGIO 40.00
Highest
$174,569 $11,145 $185,714
MONIQUE PEREZ MANAGING DIRECTOR OF CORPO 40.00
Highest
$172,455 $21,957 $194,412
MARTHA SANCHEZ MAJOR GIFTS OFFICER 40.00
Highest
$164,842 $11,889 $176,731
BETHANY GOLDSZER DIRECTOR OF SITE GROWTH 40.00
Highest
$164,616 $18,338 $182,954
TAL GILAD FORMER CHIEF ADVANCEMENT OFFICER 40.00
$185,041 $8,735 $193,776
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
2025 No data No data No data No data
2024 $18,456,224 $21,773,451 $8,721,527 $-3,317,227
2023 $21,264,461 $20,107,721 $12,503,639 $1,156,740
2022 $11,903,031 $16,548,408 $11,146,876 $-4,645,377
2021 $13,719,971 $6,758,247 $14,006,320 $6,961,724
2019 $7,313,057 $4,901,649 $4,880,386 $2,411,408
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