Nonprofit · EIN 38-4068622
THRIVE NETWORK
Tax-exempt · COLORADO SPGS, CO 80910
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $265,561 | $251,667 | $13,894 | $249,887 | $70,135 | $179,752 |
| December 31, 2024 | 990 | $280,673 | $270,583 | $10,090 | $295,111 | $129,253 | $165,858 |
| December 31, 2023 | 990 | $233,326 | $239,884 | -$6,558 | $158,636 | $2,868 | $155,768 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $263,460
- of which government grants
- $152,755
- Program service revenue
- $600
- Investment income
- $1,501
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $90,000
- Other salaries and wages
- $66,838
- Salaries, compensation and benefits (total)
- $177,560
- Professional fundraising fees
- $0
- Legal fees
- $600
- Accounting fees
- $4,682
- Program services (functional)
- $201,800
- Management and general (functional)
- $49,867
Balance sheet and other
- Total assets, start of year
- $295,111
- Total assets, end of year
- $249,887
- Total liabilities, end of year
- $70,135
- Net assets, end of year
- $179,752
- Gross unrelated business income
- $2,101
- Gross receipts
- $265,561
- Employees
- 4
- Volunteers
- 35
- Year formed
- 2019
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HEATHER MCBROOM | EXECUTIVE DIRECTOR Officer | 40 | $90,000 |
| CHARLES SMITH III | BOARD CHAIR Trustee or director | 2 | $0 |
| GREGG SHELDON | MEMBER Trustee or director | 1 | $0 |
| CATHERINE CARLEO | SECRETARY Trustee or director | 2 | $0 |
| LINDSEY COLLINS | VICE CHAIR Trustee or director | 2 | $0 |
| JACKIE GONZALEZ | TREASURER Trustee or director | 2 | $0 |
| SANDRA LOPEZ | MEMBER Trustee or director | 3 | $0 |
| MONIQUE WALKES | MEMBER Trustee or director | 1 | $0 |
| MELBA ROBINSON-SANTA | MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Heather McBroom | Executive Director Key employee | 40 | $77,584 |
| Cory Arcarese | Chair Trustee or director | 5 | $0 |
| Natasha Hutson | Treasurer Trustee or director | 1 | $0 |
| Catherine Carleo | Secretary Trustee or director | 1 | $0 |
| Gregg Sheldon | Director Trustee or director | 1 | $0 |
| Monica Hernandez | Director Trustee or director | 1 | $0 |
| Jeff Zearfoss | Director Trustee or director | 1 | $0 |
| Charles Smith III | Vice Chair Trustee or director | 1 | $0 |
| Denise Larzo | Director Trustee or director | 1 | $0 |
| Lindsey Collins | Director Trustee or director | 1 | $0 |
| Jackie Gonzalez | Treasurer Trustee or director | 1 | $0 |
| Sandra Lopez | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Heather McBroom | Executive Director Key employee | 40 | $68,004 |
| Denise Larzo | Director Trustee or director | 1 | $0 |
| Charles Smith III | Vice Chair Trustee or director | 1 | $0 |
| Sandra Lopez | Director Trustee or director | 1 | $0 |
| Jackie Gonzalez | Treasurer Trustee or director | 1 | $0 |
| Lindsey Collins | Director Trustee or director | 1 | $0 |
| Catherine Carleo | Secretary Trustee or director | 1 | $0 |
| Natasha Hutson | Treasurer Trustee or director | 1 | $0 |
| Cory Arcarese | Chair Trustee or director | 5 | $0 |
| Jeff Zearfoss | Director Trustee or director | 1 | $0 |
| Monica Hernandez | Director Trustee or director | 1 | $0 |
| Gregg Sheldon | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1520 VERDE DR, COLORADO SPGS, CO 80910-1931
- In care of
- % HEATHER MCBROOM
- Principal officer (990 for 2025)
- HEATHER MCBROOM, 1520 VERDE DRIVE, COLORADO SPRINGS, CO 80916
- Signed the 990
- HEATHER MCBROOM, EXECUTIVE DIRECTOR
- Phone
- (719) 301-6212
- Return prepared by
- MESSARI GROUP LTD
Mission
TO TRAIN AND EQUIP RESIDENTS IN SOUTHEAST COLORADO SPRINGS WITH AN ENTREPRENEURIAL MINDSET AND SKILL.
Program accomplishments
- ACCOMPLISHMENTS: WEEKLY CLASS INSTRUCTION ON BUSINESS CREATION, INCUBATION, ACCELERATION, INDIVIDUALIZED BUSINESS COACHING, BUSINESS CONSULTATION SERVICES, ENTREPRENEURIAL MENTORING PROGRAM.Expenses $201,800
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-4068622
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $249,887
- Income (IRS master file)
- $265,561
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $265,561 | $251,667 | $249,887 | IRS |
| 990 | December 2024 | $280,673 | $270,583 | $295,111 | XML |
| 990 | December 2023 | $233,326 | $239,884 | $158,636 | XML |
| 990 | December 2022 | $215,663 | $183,049 | $169,065 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-4068622).
Questions about THRIVE NETWORK
- What is the EIN of THRIVE NETWORK?
- The employer identification number (EIN) of THRIVE NETWORK is 38-4068622.
- Is THRIVE NETWORK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to THRIVE NETWORK tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THRIVE NETWORK file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THRIVE NETWORK due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THRIVE NETWORK last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THRIVE NETWORK?
- The 990 for the year ended December 31, 2025 names HEATHER MCBROOM.
- Who are the officers and directors of THRIVE NETWORK?
- The 990 for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $90,000 (HEATHER MCBROOM, EXECUTIVE DIRECTOR).
- How much revenue does THRIVE NETWORK have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $265,561, expenses of $251,667 and total assets of $249,887 at year end.
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