Thrive San Diego Sports

Nonprofit profile at a glance

EIN
872051744
IRS 990 coverage
2021–2023
Forms available
Form 990 2023
Location
San Diego, CA, USA
Phone
9162124545
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Amateur Sports

Reported finances

Revenue
$612,253
Expenses
$609,640
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

  • JOHN EGIDIO (PRESIDENT)

Highest reported compensation

  • JOHN EGIDIO (PRESIDENT): $65,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Thrive san diego sports exists to provide our community opportunities for fun, positive, well organized, and transformational experiences through the medium of youth sports.

What it reported doing in 2023

The thrive league is san diego's largest club basketball league featuring on average 130-160 club teams from through san diego county per season. The league runs 4 seasons a year and runs for 9 weeks each season. The thrive league takes place at 4-5 locations every weekend. Our primary facilities are: miramar college, canyon crest academy, mira mesa high school, carmel valley boys and girls club, solana beach boys and girls club, and redline athletics in 4s ranch. The thrive league prides itself on being a safe, positive, and well organized environment for san diego youth to play the game of basketball.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 95% 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. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 81
  • Accountability: 21
  • Sustainability: 22
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.1%; rating input score 98
  • Program expense ratio: 98.5%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 77.3%; rating input score 77; 34th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 0.4%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 10.7%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: 55% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 53.6% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: -83.6% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 98.1% of revenue deployed · 98.5% of spending went to programs
  • Governance: 0 of 2 board members independent · 4 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $601K in reported program spending
  • Leadership: top reported pay $65K · 1 people listed
  • Consistency: 19 of 20 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 3 filing years from 2021 to 2023
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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: Independent voting board scored 0/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.