EIN 45-5619310

Thrive Scholars

IRS 501(c) type
501(c)(3)
Num. employees
254
Year formed
2014
Most recent tax filings
2023-08-01
NTEE code, primary
Description
Thrive Scholars equips high-achieving, low-income, underrepresented students to get into and graduate from top colleges with the goal of reaching their full career potential. They have developed a six-year program model that starts in 11th grade and continues through college graduation and early career. Their program focuses on five pillars of support to close the opportunity gap.
Also known as...
Charles and Brenda Noonan Foundation; SCS Noonan Scholars
Total revenues
$21,264,461
2023
Total expenses
$20,107,721
2023
Total assets
$12,503,639
2023
Num. employees
254
2023

Program areas at Thrive Scholars

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 at least 92% of Thrive Scholars are attending a top 100 college, over 40% are going to an ivy league+ school (defined as the ivy league plus stanford, mit, the university of chicago, and duke), and 98% graduated from college within six years. Our Scholars have an average gpa of 3.42 upon college graduation; 75% 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 100 colleges, not just similar high-achieving, economically disadvantaged, first-generation students of color. They are 10% more likely to graduate than their more privileged peers and 25% more likely to persist in difficult stem majors.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. Since its inception, results have been overwhelming: our Scholars' gpas increased from 2.9 to 3.4, stem persistence rose from 20% to 75%, and 6-year graduation rates increased from 90% to 98%.

Who funds Thrive Scholars

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
California Community FoundationEducation$5,100,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$2,319,067
Deloitte FoundationEducation Program Grant$500,000
...and 59 more grants received totalling $11,854,465

Personnel at Thrive Scholars

NameTitleCompensation
Steve SteinChief Executive Officer$330,235
Ana ArchibaldChief Equity and Inclusion Officer$236,502
Ava ArchibaldChief Operating Officer$188,486
Amanda FosterChief Financial Officer
Tal GiladChief Advancement Officer$198,758
...and 13 more key personnel

Financials for Thrive Scholars

RevenuesFYE 08/2023
Total grants, contributions, etc.$21,188,561
Program services$0
Investment income and dividends$75,900
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$21,264,461

Form 990s for Thrive Scholars

Fiscal year endingDate received by IRSFormPDF link
2023-082024-06-06990View PDF
2022-082023-07-13990View PDF
2021-082022-05-06990View PDF
2020-082021-10-16990View PDF
2019-082020-08-27990View PDF
...and 8 more Form 990s

Organizations like Thrive Scholars

OrganizationLocationRevenue
National Academy Foundation (NAF)New York, NY$13,558,397
Girls Who CodeNew York, NY$27,137,820
College PossibleSaint Paul, MN$24,598,991
The Bottom LineJamaica Plain, MA$36,544,277
Learning AllyPrinceton, NJ$30,557,726
Project Lead the Way (PLTW)Indianapolis, IN$61,023,810
Teach for AllNew York, NY$54,670,220
FoundationsMount Laurel, NJ$9,086,807
Ed FarmBirmingham, AL$12,655,421
New Classrooms Innovation PartnersJersey City, NJ$15,241,432
Data update history
August 11, 2024
Updated personnel
Identified 5 new personnel
August 3, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 17, 2024
Received grants
Identified 16 new grant, including a grant for $5,100,000 from California Community Foundation
May 18, 2024
Received grants
Identified 3 new grant, including a grant for $250,000 from Jack Kent Cooke Foundation (JKCF)
February 3, 2024
Received grants
Identified 27 new grant, including a grant for $500,000 from Fidelity Non-Profit Management Foundation
Nonprofit Types
SchoolsEducational service providersCharities
Issues
Education
Characteristics
LobbyingNational levelReceives government fundingCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
606 Olive St Suite 2150
Los Angeles, CA 90014
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Website URL
thrivescholars.org/ 
Phone
(617) 500-4449
IRS details
EIN
45-5619310
Fiscal year end
August
Taxreturn type
Form 990
Year formed
2014
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B90: Educational Services
NAICS code, primary
611710: Educational Support Services
Parent/child status
Independent
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