Nonprofit · EIN 45-5619310
THRIVE SCHOLARS
Tax-exempt · LOS ANGELES, CA 90014
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $16,967,734 | $18,829,859 | -$1,862,125 | $6,093,967 | $1,932,632 | $4,161,335 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $16,889,188
- Program service revenue
- $0
- Investment income
- $78,546
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,189,601
- Compensation of officers, directors and key employees
- $1,219,518
- Other salaries and wages
- $8,097,510
- Salaries, compensation and benefits (total)
- $11,019,985
- Professional fundraising fees
- $0
- Accounting fees
- $201,212
- Occupancy
- $151,529
- Travel
- $284,111
- Depreciation
- $46,427
- Program services (functional)
- $14,741,380
- Management and general (functional)
- $1,724,156
- Fundraising (functional)
- $2,364,323
Balance sheet and other
- Total assets, start of year
- $8,721,527
- Total assets, end of year
- $6,093,967
- Total liabilities, end of year
- $1,932,632
- Net assets, end of year
- $4,161,335
- Land, buildings and equipment
- $68,335
- Publicly traded securities
- $889,747
- Net assets without donor restrictions
- $1,663,516
- Net assets with donor restrictions
- $2,497,819
- Gross receipts
- $16,967,734
- Employees
- 279
- Volunteers
- 350
- Year formed
- 2014
- State of legal domicile
- CA
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE STEIN | CHIEF EXECUTIVE OFFICER UNTIL 08/24 Officer | 40 | $404,742 | $29,059 |
| TYRA MONTINA | PRESIDENT & COO UNTIL 12/24 Officer | 40 | $325,145 | $72,683 |
| AVA ARCHIBALD | CHF. EQU. & INCL. OFFI. UNTIL 12/24 Officer | 40 | $261,443 | $57,317 |
| RAYNISE SMITH | CHIEF PROGRAM OFFICER Officer | 40 | $206,000 | $52,483 |
| AMANDA FOSTER | CHIEF FINANCIAL OFFICER UNTIL 06/25 Officer | 40 | $190,281 | $48,837 |
| MARCIE PEREZ | MANAGING DIR. OF COMM. & CONTENT Highest-paid employee | 40 | $184,881 | $41,081 |
| LISA LOVETT | MANAGING DIR., CAREER PATHWAYS Highest-paid employee | 40 | $185,454 | $27,700 |
| RACHANA VYAS | SENIOR DIR., LIFE SCIENCES Highest-paid employee | 40 | $181,537 | $28,942 |
| CAVAR DEWAYNE REID | MANAGING DIR. OF HS & COLLEGE PRGM Highest-paid employee | 40 | $169,867 | $28,632 |
| MARTHA SANCHEZ | MAJOR GIFTS OFFICER Highest-paid employee | 40 | $170,483 | $26,189 |
| DREW MARTIN | CHIEF EXECUTIVE OFFICER Officer | 40 | $117,711 | $10,802 |
| KYLE MEACHAM | CHIEF OPERATING OFFICER AS OF 07/25 Officer | 40 | $0 | $0 |
| MARTIN JACOBS | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| CALLUM HENDERSON | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| RUSSELL STEIN | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHILLIP AUBREY | DIRECTOR Trustee or director | 2 | $0 |
| BRIAN LENIHAN | DIRECTOR Trustee or director | 2 | $0 |
| TIFFANIE BOYD | DIRECTOR Trustee or director | 2 | $0 |
| PAT KIRBY | DIRECTOR Trustee or director | 2 | $0 |
| SEAN LOGAN | DIRECTOR Trustee or director | 2 | $0 |
| JESSICA PEREZ | DIRECTOR Trustee or director | 2 | $0 |
| BRIAN BARON | DIRECTOR Trustee or director | 2 | $0 |
| MIRIAM DANIEL | DIRECTOR Trustee or director | 2 | $0 |
| EVA DE LA ROSA | DIRECTOR Trustee or director | 2 | $0 |
| VINCENT SHORTER | DIRECTOR Trustee or director | 2 | $0 |
| GREG WILLIS | DIRECTOR Trustee or director | 2 | $0 |
| ALEJANDRO DELGADO | DIRECTOR AS OF 04/25 Trustee or director | 2 | $0 |
| AZUCENA FLORES | DIRECTOR AS OF 04/25 Trustee or director | 2 | $0 |
| NEIL MALIK | DIRECTOR AS OF 04/25 Trustee or director | 2 | $0 |
| CLARENCE WOOTEN | DIRECTOR AS OF 01/25 Trustee or director | 2 | $0 |
| VANESSA GONZALEZ-LOPEZ | DIRECTOR UNTIL 2024 Trustee or director | 2 | $0 |
| JOAN HERMAN | DIRECTOR UNTIL 02/25 Trustee or director | 2 | $0 |
| RICK HESS | DIRECTOR UNTIL 02/25 Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 606 S OLIVE ST STE 950, LOS ANGELES, CA 90014-1668
- Principal officer (990 for 2024)
- KYLE MEACHAM, 606 OLIVE STREET 2150, LOS ANGELES, CA 90014
- Signed the 990
- KYLE MEACHAM, COO
- Phone
- (617) 500-4449
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
WE PROVIDE HIGH-ACHIEVING STUDENTS FROM UNDER-RESOURCED COMMUNITIES THE OPPORTUNITIES THEY NEED TO THRIVE AT TOP COLLEGES AND IN MEANINGFUL CAREERS.
Program accomplishments
- 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 89% OF THRIVE SCHOLARS ARE ATTENDING A TOP COLLEGE, 39% ARE GOING TO AN IVY LEAGUE+ SCHOOL (DEFINED AS THE IVY LEAGUE PLUS STANFORD, MIT, THE UNIVERSITY OF CHICAGO, AND DUKE), AND 99% GRADUATED FROM COLLEGE WITHIN SIX YEARS. OUR SCHOLARS HAVE AN AVERAGE GPA OF 3.5 UPON COLLEGE GRADUATION; 87% 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 55% MORE LIKELY TO PERSIST IN THAT STEM MAJOR THAN STUDENTS AT HIGHLY RANKED COLLEGES. OF OUR RECENTLY GRADUATED COHORTS, 77% OF SCHOLARS DID SO WITH A MEANINGFUL FIRST-DESTINATION CAREER PLACEMENT AND THOSE IN FULL-TIME SALARIED POSITIONS MAKE 1.9X THE INCOME OF THEIR FAMILY BACKGROUND (OVER $73,000). 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, AS WELL AS OUR ONE-ON-ONE COLLEGE ADMISSIONS COUNSELING, COACHING THROUGH THE FIRST YEAR OF COLLEGE TRANSITION, AND INDUSTRY-SPECIFIC CAREER COACHING IN THEIR FINAL YEARS 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 87%, AND 6-YEAR GRADUATION RATES INCREASED FROM 90% TO 99%.Expenses $14,741,380 · grants $4,189,601
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 45-5619310
- 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
- 2014
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $6,093,967
- Income (IRS master file)
- $16,967,734
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | – | – | – | IRS |
| 990 | August 2024 | – | – | – | IRS |
| 990 | August 2023 | $21,264,461 | $20,107,721 | $12,503,639 | IRS |
| 990 | August 2022 | $11,903,031 | $16,548,408 | $11,146,876 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about THRIVE SCHOLARS
- What is the EIN of THRIVE SCHOLARS?
- The employer identification number (EIN) of THRIVE SCHOLARS is 45-5619310.
- Is THRIVE SCHOLARS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to THRIVE SCHOLARS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THRIVE SCHOLARS 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 SCHOLARS due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THRIVE SCHOLARS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of THRIVE SCHOLARS?
- The 990 for the year ended August 31, 2025 names KYLE MEACHAM.
- Who are the officers and directors of THRIVE SCHOLARS?
- The 990 for the year ended August 31, 2025 lists 33 people; 11 received compensation from the organization, the highest $404,742 (STEVE STEIN, CHIEF EXECUTIVE OFFICER UNTIL 08/24).
- How much revenue does THRIVE SCHOLARS have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $16,967,734, expenses of $18,829,859 and total assets of $6,093,967 at year end.
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