Team Wethrive Inc
Nonprofit profile at a glance
- EIN
- 463341254
- IRS 990 coverage
- 2016–2023
- Forms available
- Form 990 2023, Form 990-EZ 2015, Form 990-N 2014
- Location
- New York, NY, USA
- Phone
- 9144343852
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Recreation& Sports N.E.C.
Reported finances
- Revenue
- $352,365
- Expenses
- $745,706
- Assets
- $271,370
- Liabilities
- $12,566
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- DAQUAN OLIVER (PRESIDENT)
Highest reported compensation
- DAQUAN OLIVER (PRESIDENT): $147,502 total reported compensation
- KATHRYN DANIELLE ESPIRITU (LEARNING SUCCESS DIRECTOR): $87,956 total reported compensation
- ASHLEY PURYEAR (ALUMNI PORTFOLIO PROGRAM MANAGER): $59,823 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule owethrive equips and empowers low-income youth bursting with ideas to rise as entrepreneurial economic leaders and break the cycle of poverty. Wethrive reaches middle school students, giving them an encouraging yes to their dreams of entrepreneurship - along with the toolset to make them real. Wethrive staff members train undergraduate volunteers to become mentors, who guide students through an afterschool curriculum carefully designed to reach those left behind in traditional classrooms. With encouragement and support from their mentors, each student creates their very own company, earning real revenues and donating profits to a charity of their choice. Students gain critical life skills, using learning logs, metacognition, and leadership development exercises to build entrepreneurial habits that last a lifetime. Leveraging the best digital tools, wethrive is designed to disrupt an industry of entrepreneurial education that has left too many students still in need
What it reported doing in 2023
94% of wethrive youth launched a venture. Wethrive students are 99% students of color and 80% low income. 68% remain on wethrive's digital platform after the first year, joining a dynamic community to sustain their long-term academic and career success, including long-term mentorships, high-value networks, and future-ready skills.
Operating model
- Revenue model
- Donor-supported. 80% 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.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 92
- Accountability: 53
- Sustainability: 11
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 77.3%; rating input score 77
- Fundraising efficiency: $2.63 raised per $1 spent on fundraising; rating input score 11; 11th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: 75%; rating input score 75; 20th percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 22
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -111.6%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.36; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 39.6%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 25.6% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 17.8% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: 28.8% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 77.3% of spending went to programs
- Governance: 3 of 4 board members independent · 2 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $576K in reported program spending
- Leadership: top reported pay $148K · 5 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 6 filing years from 2016 to 2023
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 6 of 8 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 11/100.
- High — Sustainability: Operating margin scored 2/100.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- High — Sustainability: Officer compensation ratio scored 6/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.