Sioux Falls Thrive Inc

EIN: 814491870 Human Services

Sioux Falls, SD

Total Revenue
$710,032
Total Expenses
$685,563
Total Assets
$459,533
Net Assets
$377,795
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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
SD
Phone
6059378607
Tax Period
2023-10-01 to 2024-09-30

Sioux Falls Thrive Inc, founded in 2017, is a small nonprofit in the Human Services sector that reported $676K in total revenue in fiscal year 2020. Revenue surged 169% from the prior year, signaling strong growth momentum. The organization ran a surplus of $318K, a strong 47% operating margin.

Mission

Sioux Falls Thrive was created as the community cradle-to-career workforce development initiative in 2017 by a group of local leaders. Today, Thrive is identified as a proven collaborator in finding sustainable solutions that ensure Sioux Falls children succeed. As a volunteer-based organization, Thrive harnesses the power of Collective Impact by bringing existing community resources together to work collaboratively. The goal is to kickstart action-based solutions to the issues that inhibit student success, particularly in the areas of food security, affordable housing and out-of-school time. Thrive facilitates the work of collaborative teams and encourages these community leaders to think innovatively to solve the issues that they are so passionate about.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $703,117
Program Service Revenue $0
Investment Income $0
Other Revenue $6,915
TOTAL REVENUE $710,032

Expense Breakdown

Grants Paid $0
Salaries & Benefits $392,992
Fundraising Expenses $5,982
Program Expenses $615,183
Other Expenses $292,571
TOTAL EXPENSES $685,563

Year-over-Year Comparison

2023 2022 Change
Revenue $710,032 $522,080 +0.4%
Expenses $685,563 $497,915 +0.4%
Net Income $24,469 $24,165 +0.0%
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
11
Independent Members
11
Employees
12
Volunteers
220

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
5
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michelle Erpenbach Executive Director 40.00
$109,851 $0 $109,851
Lisa Beacom Director 1.00
Director
$0 $0 $0
Beth Fuller Jensen Director 1.00
Director
$0 $0 $0
Shantel Krebs Director 1.00
Director
$0 $0 $0
Alex Ramirez President 1.00
Director
$0 $0 $0
Kristy Trip Director 1.00
Director
$0 $0 $0
Rachelle Schapp Director 2.00
Director
$0 $0 $0
Deb Koski Director 1.00
Officer
$0 $0 $0
Mary Dally Treasurer 2.00
Officer
$0 $0 $0
Pooja Pullman Treasurer 2.00
Officer
$0 $0 $0
Kirk Zeeck Vice President 1.00
Officer
$0 $0 $0
Brooke Schmidt Secretary 1.00
Officer
$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 $710,032 $685,563 $459,533 $24,469
2023 $522,080 $497,915 $490,809 $24,165
2022 $307,293 $344,431 $333,445 $-37,138
2021 $392,173 $357,080 $145,829 $35,093
2021 $675,511 $357,080 $378,397 $318,431
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