Nonprofit · EIN 46-5242113
STRIVE INITIATIVE INC
Tax-exempt · POTTSTOWN, PA 19464
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $371,559 | $242,670 | $128,889 | $210,508 | $1,176 | $209,332 |
| December 31, 2023 | 990-EZ | $197,997 | $244,130 | -$46,133 | $80,513 | $70 | $80,443 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $206,860
- of which government grants
- $59,488
- Program service revenue
- $164,699
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $62,385
- Other salaries and wages
- $24,106
- Salaries, compensation and benefits (total)
- $101,429
- Professional fundraising fees
- $0
- Legal fees
- $400
- Accounting fees
- $22,076
- Occupancy
- $1,500
- Travel
- $3,600
- Depreciation
- $17,417
- Program services (functional)
- $194,329
- Management and general (functional)
- $34,328
- Fundraising (functional)
- $14,013
Balance sheet and other
- Total assets, start of year
- $80,513
- Total assets, end of year
- $210,508
- Total liabilities, end of year
- $1,176
- Net assets, end of year
- $209,332
- Land, buildings and equipment
- $29,037
- Net assets without donor restrictions
- $161,033
- Net assets with donor restrictions
- $48,299
- Gross receipts
- $371,559
- Employees
- 2
- State of legal domicile
- PA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Charles | CEO Trustee or director, Officer | 40 | $70,357 |
| Dimitri Smith | Treasurer Trustee or director, Officer | 1 | $0 |
| Anna Johnson | Director Trustee or director | 1 | $0 |
| Tamara Charles | Director Trustee or director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David Charles | CEO | 40 | $57,616 | $8,521 |
| Dimitri Smith | Treasurer | 1 | $0 | – |
| Anna Johnson | Director | 1 | $0 | – |
| Tamara Charles | Director | 1 | $0 | – |
| Yvonne Holly Mackeviz | Chairman | 1 | $0 | – |
Address and contacts
- Address (IRS master file)
- 249 E HIGH ST, POTTSTOWN, PA 19464-5554
- Mailing address (990-N for 2019)
- PO Box 1511, Pottstown PA 19464
- Principal officer (990-N for 2019)
- David Charles, 1105 Rambler Avenue Apt 1, Pottstown PA 19464
- Signed the 990
- David Charles, CEO
- Phone
- (215) 738-2425
- Website
- www.striveinitiative.org
- Return prepared by
- Hellings CPA Group LLC
Mission
To cultivate positive perceptions and provide relatable and diverse mentorship to local youth to realize their academic and individual aspirations.
Program accomplishments
- Development of students into independent, driven, and respected adults prepared to take control of their destiny.Expenses $194,329
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 46-5242113
- 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
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W99)
- Assets (IRS master file)
- $210,508
- Income (IRS master file)
- $371,559
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $371,559 | $242,670 | $210,508 | XML |
| 990-EZ | December 2023 | $197,997 | $244,130 | $80,513 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: David Charles | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 46-5242113).
Questions about STRIVE INITIATIVE INC
- What is the EIN of STRIVE INITIATIVE INC?
- The employer identification number (EIN) of STRIVE INITIATIVE INC is 46-5242113.
- Is STRIVE INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to STRIVE INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does STRIVE INITIATIVE INC 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 STRIVE INITIATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STRIVE INITIATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of STRIVE INITIATIVE INC?
- The 990-N for 2019 names David Charles.
- Who are the officers and directors of STRIVE INITIATIVE INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $70,357 (David Charles, CEO).
- How much revenue does STRIVE INITIATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $371,559, expenses of $242,670 and total assets of $210,508 at year end.
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All nonprofits in POTTSTOWN · Pennsylvania · Public and societal benefit