THRIVE GLOBAL PROJECT INC

EIN: 823885977 501(c)(3) Philanthropy & Grantmaking

CHARLOTTE, NC

Total Revenue
$1,167,061
Total Expenses
$429,560
Total Assets
$1,251,520
Net Assets
$1,237,700
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NC
Principal Officer
MARY GRACE MOYD
Phone
8642377536
Tax Period
2024-01-01 to 2024-12-31

THRIVE GLOBAL PROJECT INC, founded in 2017, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 187% from the prior year, signaling strong growth momentum. The organization ran a surplus of $738K, a strong 63% operating margin.

Mission

TO BE THE GLOBAL RESOURCE HUB THAT EMPOWERS UNDERSERVED STUDENTS AND COMMUNITIES BY INCREASING RACIAL AND GENDER EQUITY ENABLING ECONOMIC MOBILITY THROUGH ACCESS TO INNOVATIVE PROGRAMS AND QUALITY EDUCATIONAL OPPORTUNITIES.

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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 $1,148,761
Program Service Revenue $8,966
Investment Income $856
Other Revenue $8,478
TOTAL REVENUE $1,167,061

Expense Breakdown

Grants Paid $132,792
Salaries & Benefits $147,792
Fundraising Expenses $118,024
Program Expenses $272,621
Other Expenses $148,976
TOTAL EXPENSES $429,560

Year-over-Year Comparison

2024 2023 Change
Revenue $1,167,061 $406,797 +1.9%
Expenses $429,560 $378,823 +0.1%
Net Income $737,501 $27,974 +25.4%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
15

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
4
$75,000
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRACE MOYD EXECUTIVE DIRECTOR 40
Officer
$75,000 $0 $75,000
AYNSLEY STOTLER PRESIDENT 0.5
Officer Director
$0 $0 $0
JJ LITTRELL TREASURER 0.5
Officer Director
$0 $0 $0
AMY DASHIELL SECRETARY 0.5
Officer Director
$0 $0 $0
ANNIE MAKELA BOARD MEMBER 0.5
Director
$0 $0 $0
CHRIS HANNE BOARD MEMBER 0.5
Director
$0 $0 $0
MICHELE DUDLEY BOARD MEMBER 0.5
Director
$0 $0 $0
JEAN-MARIE NSHIMIYIMANA BOARD MEMBER 0.5
Director
$0 $0 $0
GARRY L MCFADDEN BOARD MEMBER 0.5
Director
$0 $0 $0
SIREESHA THOMPSON BOARD MEMBER 0.5
Director
$0 $0 $0
TRICIA SISTRUNK BOARD MEMBER 0.5
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 $1,167,061 $429,560 $1,251,520 $737,501
2023 $406,797 $378,823 $493,881 $27,974
2022 $761,631 $616,154 $461,034 $145,477
2021 $296,623 $204,938 $317,087 $91,685
2020 $333,952 $217,209 $225,400 $116,743
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