Strive Foundation
Nonprofit profile at a glance
- EIN
- 330411257
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-T 2020
- Location
- Los Angeles, CA, USA
- Phone
- 3237791064
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Boys Clubs
Reported finances
- Revenue
- $3,330,017
- Expenses
- $1,700,335
- Assets
- $5,212,938
- Liabilities
- $19,873
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- JIM TETREAU (PRESIDENT)
Highest reported compensation
- JIM TETREAU (PRESIDENT): $115,342 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Strive foundation's primary mission is to provide exemplary academic and guidance to children, youth and their families in the watts community of los angeles. The strive foundation provides education, support and development in reading, writing and english literacy; math and cognitive skills; computer and information literacy; culinary and arts; protege resources; development of the moral, creative and entrepreneurial spirit.
What it reported doing in 2024
The strive foundation provides for an academy-learning environment; and, from a character-is-paramount perspective, the strive foundation helps children achieve reading, writing, english-language fluency and math skills proficiency in their grade level. Strive's mission is to provide a sanctuary of instructor, guidance & resources that better equip children to navigate through the problems they face in their challenging community of watts and beyond. Strive serves approximately 157 students daily with an additional 126 students on scholarship ranging from 1st grade through college. We also have 17 students in our youth choir program and 50 students in our guitar class.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 86
- Accountability: 71
- Sustainability: 81
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 45.2%; rating input score 45
- Program expense ratio: 85.3%; rating input score 85
- Fundraising efficiency: $48.62 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 94.1%; rating input score 94; 24th percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 48.9%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 3.07; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 90; 90th percentile among comparable filings
- Officer compensation ratio: 6.8%; rating input score 43; 43rd percentile among comparable filings
Growth
- Program expense growth: 12.1% per year; rating input score 100; 71st percentile among comparable filings
- Revenue growth: 15% per year; rating input score 100; 82nd percentile among comparable filings
- Asset growth: 14.8% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 45.2% of revenue deployed · 85.3% of spending went to programs
- Governance: 16 of 17 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.4M in reported program spending
- Leadership: top reported pay $115K · 18 people listed
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 43/100.